As Toronto continues to attract visitors from around the world, short-term rental platforms like Airbnb have become increasingly popular. However, not all condo buildings in Downtown Toronto allow Airbnb due to condo board regulations and city bylaws. If you're looking to invest in a property with short-term rental potential, or if you're planning to stay in the heart of the city, here are 10 buildings in Downtown Toronto that are known to be Airbnb-friendly. The best part? You can find units available in some of these buildings for as low as $400K on the market right now.
1. ICE Condos (12 York Street & 14 York Street)
ICE Condos is one of the most iconic buildings in Downtown Toronto, located just steps away from the CN Tower, Ripley’s Aquarium, and the waterfront. With its prime location and modern amenities, it’s no surprise that ICE Condos has become a popular choice for short-term rentals. The building’s management has allowed Airbnb rentals, making it a hotspot for both investors and visitors looking for a luxurious stay. Units in ICE Condos start around $400K, making it an attractive investment option.
2. Maple Leaf Square Residences (55 Bremner Blvd & 65 Bremner Blvd)
Located in the heart of the action, Maple Leaf Square Residences offers direct access to Scotiabank Arena, making it ideal for sports fans and concertgoers. These condos offer luxurious amenities, including a rooftop pool and fitness center. The building’s favorable policy towards short-term rentals has made it a top choice for Airbnb hosts. With units available from around $450K, it’s a great opportunity to invest in a prime location.
3. The Pinnacle Centre (33 Bay Street, 16 Yonge Street)
The Pinnacle Centre is perfectly situated near Toronto’s Financial District and Harbourfront, offering stunning lake views and easy access to the city’s main attractions. With flexible short-term rental policies, this building is ideal for those looking to attract both business and leisure travelers on Airbnb. Units here are competitively priced, with some starting around $400K.
4. Harbour Plaza Residences (88 & 100 Harbour Street)
Harbour Plaza Residences is known for its luxurious amenities and unbeatable location near the Financial District and Union Station. The building has been popular among Airbnb hosts due to its prime location and modern living spaces. It’s a great option for travelers looking to stay in the heart of Toronto. You can find units in this building starting from approximately $420K.
5. Aura at College Park (386 & 388 Yonge Street)
Standing tall as one of Toronto’s tallest residential buildings, Aura at College Park is located at Yonge and Gerrard. This building offers stunning city views and direct access to the College Park shopping center. Known for its Airbnb-friendly policies, Aura is a top choice for those wanting to stay close to the Eaton Centre and other downtown attractions. Units in Aura can be found starting at around $425K.
6. The Residences of 488 University Avenue
Located in the Financial District, The Residences of 488 University Avenue is a modern and luxurious building with high-end amenities. With its proximity to major hospitals, universities, and business centers, it’s a prime location for short-term rentals. The building’s flexible policies make it a great choice for Airbnb investors. Current market listings show units available from around $430K.
7. The Bond Condos (290 Adelaide Street West)
Situated in Toronto’s vibrant Entertainment District, The Bond Condos is a sleek, modern building that has embraced the short-term rental market. The building’s location near popular attractions like the TIFF Bell Lightbox and numerous theaters makes it a hit with visitors looking to experience Toronto’s lively nightlife. Investment opportunities in The Bond start at approximately $440K.
8. One King West Hotel & Residence (1 King Street West)
One King West offers a unique blend of hotel and residential living, making it a naturally Airbnb-friendly option. Located in the Financial District, it’s within walking distance to top restaurants, shops, and cultural landmarks. The building’s hotel-style amenities and services cater to short-term guests, ensuring a comfortable and luxurious stay. Units in this building start from about $410K, making it an affordable investment in a prime location.
9. Fashion House Condos (560 King Street West)
Located in the trendy King West neighborhood, Fashion House Condos is a stylish building known for its rooftop pool and chic design. The building’s Airbnb-friendly policies have made it a popular choice for travelers looking to experience Toronto’s fashionable side, with easy access to some of the city’s best restaurants, bars, and boutiques. You can find units in Fashion House starting around $435K.
10. Thompson Residences (629 King Street West)
Thompson Residences, also located in the bustling King West area, offers upscale living with access to the Thompson Hotel’s amenities, including a rooftop bar and infinity pool. This building is known for being accommodating to short-term rentals, making it a desirable location for Airbnb hosts who want to attract guests looking for a luxurious and trendy stay in Toronto. Units here are currently available from about $450K.
Conclusion
When it comes to investing in a property for short-term rentals or finding the perfect place to stay in Toronto, it’s crucial to choose a building that aligns with your needs. These 10 buildings in Downtown Toronto not only offer prime locations and luxurious amenities but are also known to be Airbnb-friendly, making them excellent choices for both investors and travelers alike. With units available in some of these buildings starting as low as $400K, there’s never been a better time to invest in Toronto’s dynamic real estate market.
Always remember to check with the building management or condo board for the latest policies regarding short-term rentals, as regulations can change. Whether you're hosting or staying, these buildings ensure you’re right in the heart of the action, enjoying everything Toronto has to offer.
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