Condos for Rent in Waterfront Communities, Toronto, ON

Name: HOMEH Market Pulse — Waterfront Communities, Toronto closed sales and leases
Creator: HOMEH
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Neighbourhood in Toronto

Waterfront Communities

urban active diverse convenient

Waterfront Communities is a vibrant neighbourhood in Toronto. It offers a mix of residential living, dining, and recreational spaces near the water.

High walkability score of 98 Close to parks and playgrounds Good public transit access High percentage of renters at 60.3%

Day to dayLivability

Walkability

out of 100 · averaged over 766 past and present listings

Average walk score reported on listings here

6.9

Schools near listings

out of 10 · averaged over 28,306 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

$639,800

7% below Toronto 11% below Ontario

In Waterfront Communities

$639,800

In Toronto

$689,950

In Ontario

$717,000

Median monthly rent

$2,850/mo

2% above Toronto 14% above Ontario

In Waterfront Communities

$2,850

In Toronto

$2,800

In Ontario

$2,500

$1,118

Per square foot

≈ 18.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

842

Median $639,800

Condos 838 · Houses 4

For rent

732

Median $2,850

Condos 729 · Houses 3

Recently sold

Recently leased

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

Great location near the waterfront
Abundant amenities and services
Young, diverse community
Strong employment rate of 76.6%

Keep in mind

Higher median sale prices than city median
High rental prices compared to city average

The feel of the placeLifestyle

Daily life here is active and urban, with many options for dining and recreation. Residents enjoy a lively atmosphere with easy access to public transit.

Great for young professionals first-time buyers renters active lifestyles

Within the boundaryWhat's nearby

The boundary

2.5 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

182

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 2.5 km² of Waterfront Communities. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.7/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

Bishop Macdonell Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.2/10
751st of 3,045 Ontario elementary schools
420 students · EQAO 2024-2025
The Waterfront School
Public · Grades JK–8 · Toronto DSB
7.2/106.0 over 5 yrs
751st of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Jean Lumb Public School
Public · Grades JK–8 · Toronto DSB
5.8/10
1,729th of 3,045 Ontario elementary schools
580 students · EQAO 2024-2025
ALPHA Alternative Junior School
Public · Grades JK–6 · Toronto DSB
Not rated
75 students
City School
Public · Grades 9–12 · Toronto DSB
Not rated
EQAO 2024-2025
Oasis Alternative Secondary School
Public · Grades 9–12 · Toronto DSB
Not rated
80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Waterfront Communities, 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

64,461

Population (2021)

2.5 km²

Area

26,041

People per km²

32.8

Median age

$91,903

Median income

40%

Own their home

1.6

People per household

39,840

Households

Every age

Children (under 15)6.1%
Working age (15–64)88.2%
Seniors (65+)5.7%

What is built here

Low-rise apartments0.9%
High-rise apartments98.5%

Own or rent

40%Owners

60%Renters

Across 39,840 households

When it was built

Mostly 2011–2015

1960 or earlier1%
1961–19803%
1981–19904%
1991–20006%
2001–200514%
2006–201020%
2011–201526%
2016–202125%

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.

42.7%
Born outside Canada: 73%
Hold a degree or higher: 76.6%
Employment rate: 22%
Commute by transit: 33.4%
Commute by car: 1.4
Children per family: $76,842
Median income after tax: $119,043
Average household income: 14.1%
Living on a low income: $2,060/mo
Renters pay, per month: $2,183/mo
Owners pay, per month: $736,120
Median home value at census: 45%
Renters spending 30%+ of income on housing: 38.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 25 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

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in Waterfront Communities actually rent for

10,175 condos were leased in Waterfront Communities over the 12 months to September 2026. Half leased above $2,565 and half below, 0.4% higher than the 12 months before. A typical condo found its tenant in 16 days — 3 days quicker than a year ago.

Median rent: $2,565; +0.4% year over year
Days to lease: 16; 3 days quicker
Leases closed: 10,175; last 12 months
Rent per square foot: $4.09/mo; from 8,491 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.

$3,433$2,973$2,514$2,055

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 14.8%

From 10,175 leases that closed here in the last 12 months.

Rent or buy in Waterfront Communities

20.3 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$623,833

1,703 sales

Median rent

$2,565/mo

10,175 leases

Gross rental yield

4.93%

before costs

Both figures come from deals that actually closed in Waterfront Communities 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.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Waterfront Communities, rentals

Monthly closed leases in Waterfront Communities
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	846	$2,621	$2,300 – $3,250	12	100.0%
Aug 2026	1,033	$2,600	$2,300 – $3,300	12	100.0%
Jul 2026	1,077	$2,580	$2,263 – $3,150	13	100.0%
Jun 2026	924	$2,571	$2,284 – $3,299	13	100.0%
May 2026	849	$2,587	$2,250 – $3,113	13	100.0%
Apr 2026	919	$2,500	$2,200 – $3,000	16	100.0%
Mar 2026	959	$2,557	$2,250 – $3,200	18	100.0%
Feb 2026	777	$2,486	$2,150 – $3,150	18	100.0%
Jan 2026	742	$2,517	$2,150 – $2,969	21	100.0%
Dec 2025	603	$2,576	$2,150 – $3,200	18	100.0%
Nov 2025	652	$2,540	$2,300 – $3,100	18	100.0%
Oct 2025	794	$2,623	$2,300 – $3,200	14	100.0%
Sep 2025	908	$2,600	$2,300 – $3,200	14	100.0%
Aug 2025	1,138	$2,558	$2,300 – $3,200	16	100.0%
Jul 2025	1,346	$2,560	$2,250 – $3,200	16	100.0%
Jun 2025	1,037	$2,508	$2,250 – $3,125	14	100.0%
May 2025	1,022	$2,550	$2,286 – $3,200	16	100.0%
Apr 2025	1,020	$2,589	$2,300 – $3,100	19	100.0%
Mar 2025	921	$2,561	$2,250 – $3,156	20	100.0%
Feb 2025	745	$2,520	$2,299 – $3,200	20	100.0%
Jan 2025	716	$2,500	$2,250 – $3,050	26	100.0%
Dec 2024	607	$2,539	$2,250 – $3,100	25	100.0%
Nov 2024	725	$2,577	$2,250 – $3,000	21	100.0%
Oct 2024	809	$2,592	$2,300 – $3,200	21	100.0%
Sep 2024	896	$2,600	$2,350 – $3,200	23	100.0%
Aug 2024	1,619	$2,661	$2,350 – $3,200	27	100.0%
Jul 2024	1,352	$2,612	$2,300 – $3,200	27	100.0%
Jun 2024	1,070	$2,600	$2,300 – $3,200	37	100.0%
May 2024	1,059	$2,551	$2,250 – $3,200	37	100.0%
Apr 2024	925	$2,571	$2,250 – $3,200	39	100.0%
Mar 2024	747	$2,548	$2,250 – $3,125	32	100.0%
Feb 2024	529	$2,588	$2,300 – $3,175	28	100.0%
Jan 2024	697	$2,640	$2,400 – $3,200	21	100.0%
Dec 2023	552	$2,643	$2,400 – $3,100	19	100.0%
Nov 2023	715	$2,699	$2,450 – $3,338	15	100.0%
Oct 2023	768	$2,700	$2,500 – $3,250	13	100.0%

What people ask about Waterfront Communities

How much does a condo cost in Waterfront Communities?

Condos in Waterfront Communities sold for a median of $623,833 over the 12 months to September 2026, across 1,703 closed sales — half sold for more and half for less. That is 5.4% lower than the 12 months before it.

How long does it take to sell a condo in Waterfront Communities?

A condo in Waterfront Communities took a median of 32 days on the market over the 12 months to September 2026. Condos there closed at 96.6% of the asking price on average, with 12.2% selling over asking.

How much is rent for a condo in Waterfront Communities?

The median condo lease in Waterfront Communities closed at $2,565 a month over the 12 months to September 2026, across 10,175 leases.

Is it cheaper to rent or buy a condo in Waterfront Communities?

A condo in Waterfront Communities costs about 20.3 years of the rent on one — the median price of $623,833 against a median rent of $2,565 a month, a gross yield of 4.93%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Waterfront Communities 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.