High-Rise Condo

Karma Condos

by Lifetime Developments

15 Grenville Street, Toronto, ON M4Y 0B9

Year Built

2016

Total Units

495

Avg $/sqft

$1,053

Storeys

Overview

Renowned for their ability to recognize bourgeoning neighbourhoods, Lifetime Developments has chosen well yet again: 15 & 21 Grenville Street is an exciting location in Toronto’s Discovery District. Long attracting researchers and tech entrepreneurs to the area, this new residential development, the Karma Condos, is a suitably smart addition to an area well-known for its brilliant demographic.

Completed in 2016, these downtown Toronto condos comprise 50-stories of contemporary urban excellence, thanks to a brilliant design by ArchitectsAlliance. Best characterized by its subtle accents and arrangements, these condos cultivate a sophisticated aesthetic.

The grid of glass window panels on the east and west sides of the tower balance the lines of the long balconies running along the north and south sides. This interplay gives the design its striking confidence, without the need for any flashy adornments.

At street level, the podium is both elegant and efficient. Encased in glass, the lobby features a 24-hour concierge service – though it’s the soaring columns which give 15 & 21 Grenville a grand impression. Moreover, these columns allow for the preservation of parts of the historic building that formerly stood at this location. This charming accent perfectly balances the aptly named Karma Condos.

Additionally, the podium holds an alluring retail area, as well as many of the building's generous amenities. This includes a state-of-the-art gym with an adjoining steam room, a theatre room, and, guest suites.

Atop the podium, residents enjoy a spacious terrace featuring exceptional landscape design by Strybos Barron King; the terrace gives residents a vibrant green escape that’s unexpected so deep in the downtown Core.

Developer

Lifetime Developments

Year Built

2016

Property Type

High-Rise Condo

Storeys

Total Units

495

Management

First Service Residential

Amenities

Guest Suites

Fitness Centre

Sauna

Theatre Room

Party Room

24/7 Concierge

Price History

451 records

Loading history…

Market Stats

Prices in Karma Condos are down 16.1% compared to last year.

$1,053

Avg $/sqft

-16.1%

YoY change

Avg days on market

Location & Walkability

Walk Score

99/100

Daily errands on foot

Transit Score

100/100

TTC, GO, subway access

Bike Score

71/100

Bike lanes & infrastructure

Neighbourhood in Toronto

Bay Street Corridor

urban walkable convenient

Bay Street Corridor is a vibrant neighbourhood in Toronto. It offers a mix of urban living with easy access to amenities.

Median sale price is $468,000 Only one condo for sale No rental listings available

Bay Street Corridor, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to city median
Great location for walking
Access to good schools

Keep in mind

Limited housing options for rent
Prices are lower than city median but still significant

The feel of the placeLifestyle

Daily life here is active and convenient, with many services nearby. Residents enjoy a lively city atmosphere.

Great for first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

1.8 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

180

Restaurants

131

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.8 km² of Bay Street Corridor. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.2/10

Average rating of the 1 rated school in this area

Elementary

Secondary

St Joseph's College School
Catholic · Grades 9–12 · Toronto CDSB
7.2/107.6 over 5 yrs
178th of 742 Ontario secondary schools
545 students · EQAO 2024-2025
Hospital for Sick Children - Eating
Public · Grades 9–12 · Toronto DSB
Not rated
Hospital for Sick Children - Medical EL
Public · Grades JK–8 · Toronto DSB
Not rated
Hospital for Sick Children-Substance Abu
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Medical - SEC
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Seizure Disorder
Public · Grades K–8 · Toronto DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Bay Street Corridor, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

30,479

Population (2021)

1.8 km²

Area

16,677

People per km²

Median age

$64,561

Median income

31%

Own their home

1.6

People per household

18,040

Households

Every age

Children (under 15)5.8%
Working age (15–64)84.2%
Seniors (65+)10.0%

What is built here

Low-rise apartments1.1%
High-rise apartments98.6%

Own or rent

31%Owners

69%Renters

Across 18,040 households

When it was built

Mostly 2016–2021

1960 or earlier3%
1961–198010%
1981–199014%
1991–200011%
2001–20056%
2006–201013%
2011–201519%
2016–202124%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

43.1%
Born outside Canada: 69.4%
Hold a degree or higher: 59.2%
Employment rate: 22.5%
Commute by transit: 22.3%
Commute by car: 1.4
Children per family: $56,864
Median income after tax: $97,834
Average household income: 27%
Living on a low income: $2,032/mo
Renters pay, per month: $1,910/mo
Owners pay, per month: $836,655
Median home value at census: 58.8%
Renters spending 30%+ of income on housing: 47.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 22 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)