Year Built
2007
Mid-Rise Condo
The Wave Condos
by The Daniels Corporation
4 Elsinore Path, Etobicoke, ON M8V 4G7
Total Units
185
Avg $/sqft
$656
Storeys
13
Available Units in The Wave Condos
1
Unit for sale
From $425,000
0
Units for rent
Live MLS · Updated daily
Overview
Located at 4 Elsinore Path, The Wave Condos is a 13-storey condo containing 185 units. These Toronto condos were developed by The Daniels Corporation and completed in 2007. Units start at 399 square feet and can be as large as 870 square feet. What makes a New Toronto condo for sale most appealing is all that the neighbourhood has to offer.
This condo has a Walk Score of 82 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees at 4 Elsinore Path are $1.21 per-square-foot, which is significantly higher than the city average of about $0.67, however the maintenance fees do include all utilities, making them a bit more reasonable (usually at least hydro is separate).
Developer
The Daniels Corporation
Year Built
2007
Property Type
Mid-Rise Condo
Storeys
13
Total Units
185
Management
Meritus Group Management Inc.
Amenities
Underground Parking
Security System
Business Centre
Visitor Parking
Party Room
Bike Storage
Price History
40 recordsLoading history…
Market Stats
Prices in The Wave Condos are down 7.3% compared to last year.
$656
Avg $/sqft
-7.3%
YoY change
69
Avg days on market
Location & Walkability
Walk Score
82/100
Daily errands on foot
Transit Score
79/100
TTC, GO, subway access
Bike Score
65/100
Bike lanes & infrastructure
Neighbourhood in Etobicoke
New Toronto
family-friendly diverse community-oriented
New Toronto is a vibrant neighbourhood in Etobicoke, known for its diverse community and convenient amenities. It offers a mix of residential options and a family-friendly atmosphere.
Near Lake Ontario Good schools rated 6.8 Multiple parks and playgrounds Variety of restaurants Close to transit options
Etobicoke, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Day to dayLivability
6.8
Schools near listings
out of 10 · averaged over 962 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$1,189,000
49% above Etobicoke 66% above Ontario
In New Toronto
$1,189,000
In Etobicoke
$798,500
In Ontario
$715,000
Median monthly rent
$2,475/mo
On par with Etobicoke 1% below Ontario
In New Toronto
$2,475
In Etobicoke
$2,475
In Ontario
$2,500
$900
Per square foot
≈ 40 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
41
Median $1,189,000
Houses 34 · Condos 7
For rent
35
Median $2,475
Recently sold
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Recently leased
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Market data as of 2026-10-11. 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
- Family-friendly environment
- Diverse community
- Access to parks and recreational spaces
- Good school options
- Proximity to Lake Ontario
Keep in mind
- Higher prices compared to city median
- Rental prices are above city average
The feel of the placeLifestyle
Daily life in New Toronto is relaxed, with easy access to parks and local shops. Residents enjoy a mix of community events and outdoor activities.
Great for families young professionals first-time buyers
Within the boundaryWhat's nearby
The boundary
3.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
11
Parks
13
Playgrounds
17
Transit stations
3
Grocery stores
20
Restaurants
6
Cafés
6
Gyms
1
Libraries
3
Pharmacies
Counted across all 3.4 km² of New Toronto. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.9/10
Average rating of the 4 rated schools in this area
6
Elementary
2
Secondary
Father John Redmond Catholic Secondary School
Catholic · Grades 9–12 · Toronto CDSB
8.6/108.2 over 5 yrs39th of 742 Ontario secondary schools
1,160 students · EQAO 2024-2025
The Holy Trinity Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.4/10626th of 3,045 Ontario elementary schools
625 students · EQAO 2024-2025
Second Street Junior Middle School
Public · Grades JK–8 · Toronto DSB
6.8/106.4 over 5 yrs1,026th of 3,045 Ontario elementary schools
560 students · EQAO 2024-2025
Lakeshore Collegiate Institute
Public · Grades 9–12 · Toronto DSB
4.9/104.8 over 5 yrs559th of 742 Ontario secondary schools
650 students · EQAO 2024-2025
Children's Urban Enrichment Studio
Independent
Not rated
Seventh Street Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
185 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside New Toronto, 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
11,502
Population (2021)
3.5 km²
Area
3,320
People per km²
41.2
Median age
$74,307
Median income
44%
Own their home
2.2
People per household
5,280
Households
Every age
- Children (under 15)14.3%
- Working age (15–64)68.8%
- Seniors (65+)16.9%
What is built here
- Detached houses29.6%
- Semi-detached4.1%
- Townhouses4.9%
- Duplexes3.7%
- Low-rise apartments36.1%
- High-rise apartments21.5%
Own or rent
44%Owners
56%Renters
Across 5,280 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier44%
- 1961–198020%
- 1981–19907%
- 1991–200015%
- 2001–20053%
- 2006–20104%
- 2011–20153%
- 2016–20211%
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.
- 35.3%
- Born outside Canada
- 33.7%
- Hold a degree or higher
- 55.4%
- Employment rate
- 24.9%
- Commute by transit
- 64.7%
- Commute by car
- 1.6
- Children per family
- $65,595
- Median income after tax
- $93,578
- Average household income
- 15.8%
- Living on a low income
- $1,130/mo
- Renters pay, per month
- $1,680/mo
- Owners pay, per month
- $950,004
- Median home value at census
- 36.9%
- Renters spending 30%+ of income on housing
- 21%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 20 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)
