Condos for Rent in Thorncliffe Park, Toronto, ON
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Neighbourhood in Toronto
Thorncliffe Park
Thorncliffe Park is a vibrant neighborhood in Toronto, known for its diverse community and family-friendly atmosphere. It offers a mix of residential options, primarily in high-rise apartments, making it an affordable choice for many.
Toronto, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Listed 7 days ago
Unit 618, 160 Vanderhoof Avenue
Toronto (Thorncliffe Park), ON M4G 0B7
Condo ApartmentFor Rent
Listed 7 days ago
Unit 1103, 160 Vanderhoof Avenue
Toronto (Thorncliffe Park), ON M4G 0B7
Condo ApartmentFor Rent
Listed 8 days ago
Unit 1402, 25 Frederick Todd Way
Toronto (Thorncliffe Park), ON M4G 0C9
Condo ApartmentFor Rent
Listed 9 days ago
Unit 431, 33 Frederick Todd Way
Toronto (Thorncliffe Park), ON M4G 0C9
Condo ApartmentFor Rent
Day to dayLivability
6.7
Schools near listings
out of 10 · averaged over 827 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
$499,000
In Thorncliffe Park
$499,000
In Toronto
$499,894
In Ontario
$717,000
Median monthly rent
$2,500/mo
In Thorncliffe Park
$2,500
In Toronto
$2,500
In Ontario
$2,500
≈ 16.6 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
23
Median $499,000
Condos 23
For rent
62
Median $2,500
Condos 61 · Houses 1
Recently sold
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Recently leased
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Market data as of 2026-10-10. 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 median home prices
- Family-friendly environment
- Access to schools and parks
- Close to grocery stores and amenities
Keep in mind
- High percentage of renters
- Limited single-family homes
- Traffic can be heavy during peak hours
The feel of the placeLifestyle
Daily life in Thorncliffe Park is active and community-oriented, with many families and children. Residents enjoy easy access to local amenities and green spaces.
Within the boundaryWhat's nearby
The boundary
3.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
5
Parks
9
Playgrounds
1
Transit stations
6
Grocery stores
9
Restaurants
7
Cafés
5
Gyms
1
Libraries
4
Pharmacies
Counted across all 3.1 km² of Thorncliffe Park. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
2
Elementary
Fraser Mustard Early Learning Academy
Public · Grades JK–3 · Toronto DSB
Not rated
515 students
Thorncliffe Park Public School
Public · Grades 1–5 · Toronto DSB
Not rated
1,305 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Thorncliffe Park, 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
20,637
Population (2021)
3.1 km²
Area
6,675
People per km²
34.2
Median age
$66,853
Median income
14%
Own their home
3.1
People per household
7,060
Households
Every age
- Children (under 15)24.1%
- Working age (15–64)63.6%
- Seniors (65+)12.2%
What is built here
- Townhouses1.2%
- Low-rise apartments5.4%
- High-rise apartments93.4%
Own or rent
14%Owners
86%Renters
Across 7,060 households
When it was built
Mostly 1961–1980
- 1960 or earlier21%
- 1961–198044%
- 1981–19909%
- 1991–200011%
- 2001–20054%
- 2006–20102%
- 2011–20155%
- 2016–20214%
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.
- 63.3%
- Born outside Canada
- 34.8%
- Hold a degree or higher
- 45.6%
- Employment rate
- 29.6%
- Commute by transit
- 58%
- Commute by car
- 2.2
- Children per family
- $61,921
- Median income after tax
- $74,882
- Average household income
- 24.2%
- Living on a low income
- $1,455/mo
- Renters pay, per month
- $1,822/mo
- Owners pay, per month
- $606,380
- Median home value at census
- 36.2%
- Renters spending 30%+ of income on housing
- 42.6%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 9 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)
What condos in Thorncliffe Park actually rent for
At least 171 condos were leased in Thorncliffe Park over the 12 months to September 2026. Half leased above $2,381 and half below, 1.4% higher than the 12 months before. A typical condo found its tenant in 23 days — 2 days slower than a year ago.
4 of the last 11 months had at least 5 closed condos sales in Thorncliffe Park. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.
- Median rent
- $2,381
- +1.4% year over year
- Days to lease
- 23
- 2 days slower
- Leases closed
- 171
- last 12 months
- Rent per square foot
- $3.53/mo
- from 161 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.
What renters actually paid
$2,999/mo
on a $3,000 asking rent — under ask by $1
- Of the asking rent
- 100.0%
- Leased over asking
- 8.8%
From 171 leases that closed here in the last 12 months.
Rent or buy in Thorncliffe Park
19 years
of rent, at the going rate here, adds up to what a condo here costs.
Median sold price
$542,857
21 sales
Median rent
$2,381/mo
171 leases
Gross rental yield
5.26%
before costs
Both figures come from deals that actually closed in Thorncliffe Park over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — Thorncliffe Park, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 17 | $2,500 | $2,100 – $2,900 | 29 | 100.0% |
| Aug 2026 | 28 | $2,448 | $2,225 – $2,900 | 20 | 100.0% |
| Jul 2026 | 15 | $2,400 | $2,100 – $2,775 | 17 | 100.0% |
| Jun 2026 | 15 | $2,400 | $2,173 – $3,025 | 14 | 100.0% |
| May 2026 | 15 | $2,150 | $2,125 – $2,350 | 16 | 100.0% |
| Apr 2026 | 11 | $2,100 | $2,100 – $2,248 | 22 | 100.0% |
| Mar 2026 | 12 | $2,600 | $2,106 – $3,000 | 43 | 100.0% |
| Feb 2026 | 17 | $2,600 | $2,200 – $2,700 | 17 | 100.0% |
| Jan 2026 | 9 | $2,300 | $2,100 – $2,700 | 21 | 100.0% |
| Dec 2025 | 8 | $2,325 | $2,131 – $2,425 | 28 | 99.4% |
| Nov 2025 | 9 | $2,300 | $2,150 – $2,450 | 20 | 100.0% |
| Oct 2025 | 15 | $2,225 | $2,100 – $2,450 | 39 | 100.0% |
| Sep 2025 | 11 | $2,300 | $2,250 – $3,210 | 15 | 100.0% |
| Aug 2025 | 16 | $2,225 | $2,125 – $2,963 | 23 | 100.0% |
| Jul 2025 | 21 | $2,495 | $2,200 – $2,995 | 23 | 100.0% |
| Jun 2025 | 16 | $2,173 | $2,100 – $2,738 | 23 | 100.0% |
| May 2025 | 7 | $2,288 | $2,250 – $2,325 | 26 | 100.0% |
| Apr 2025 | 16 | $2,273 | $2,200 – $2,500 | 24 | 100.0% |
| Mar 2025 | 13 | $2,300 | $2,150 – $2,700 | 13 | 100.0% |
| Feb 2025 | 5 | $2,300 | $2,200 – $2,350 | 46 | 100.0% |
| Jan 2025 | 10 | $2,575 | $2,210 – $2,888 | 17 | 99.2% |
| Nov 2024 | 8 | $2,575 | $2,375 – $3,025 | 18 | 100.0% |
| Oct 2024 | 7 | $2,450 | $2,375 – $3,000 | 24 | 100.0% |
| Sep 2024 | 20 | $2,500 | $2,250 – $2,981 | 37 | 100.0% |
| Aug 2024 | 17 | $2,600 | $2,400 – $3,000 | 40 | 100.0% |
| Jul 2024 | 14 | $2,525 | $2,213 – $3,075 | 36 | 100.0% |
| Jun 2024 | 19 | $2,450 | $2,238 – $3,200 | 44 | 100.0% |
| May 2024 | 5 | $2,350 | $2,225 – $2,450 | 30 | 100.0% |
| Apr 2024 | 12 | $2,400 | $2,300 – $3,125 | 36 | 100.0% |
| Mar 2024 | 6 | $2,625 | $2,375 – $2,913 | 36 | 100.0% |
| Dec 2023 | 10 | $2,700 | $2,600 – $2,900 | 11 | 100.0% |
| Nov 2023 | 20 | $2,300 | $2,300 – $2,400 | 22 | 100.0% |
| Oct 2023 | 14 | $2,400 | $2,350 – $2,475 | 6 | 100.0% |
What people ask about Thorncliffe Park
How much does a condo cost in Thorncliffe Park?
Condos in Thorncliffe Park sold for a median of $542,857 over the 12 months to September 2026, across at least 21 closed sales — half sold for more and half for less. That is 2.3% higher than the 12 months before it.
How long does it take to sell a condo in Thorncliffe Park?
A condo in Thorncliffe Park took a median of 52 days on the market over the 12 months to September 2026. Condos there closed at 94.7% of the asking price on average.
How much is rent for a condo in Thorncliffe Park?
The median condo lease in Thorncliffe Park closed at $2,381 a month over the 12 months to September 2026, across at least 171 leases.
Is it cheaper to rent or buy a condo in Thorncliffe Park?
A condo in Thorncliffe Park costs about 19.0 years of the rent on one — the median price of $542,857 against a median rent of $2,381 a month, a gross yield of 5.26%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Thorncliffe Park on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.