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Toronto condo buildings that allow short term rentals like Airbnb

Toronto Condos that Allow Short-Term Rentals Like Airbnb

The city of Toronto is set to roll out new legislation to regulate how short-term rentals like Airbnb can operate. At September’s Word on the Street festival, the Toronto Star held a panel discussion about Toronto real estate. Panelists, Edward Keenan, Tess Kalinowski, and David Rider explained the need for new short-term rental regulation.

A significant portion of Toronto’s available rental housing comes from private home owners listing their units, making short-term rentals both lucrative and problematic. While the new legislation is likely to allow short-term rentals to continue in Toronto, homeowners will have to prove that the apartment or house is their primary residence. The city wants to reduce the number of units that may be sitting empty as a short-term rental property instead of being listed as a long-term rental residence.

That being said, condo buildings will still be controlled by their condo boards. That means some buildings might rule against allowing short-term rentals outright, while other buildings might allow it. It’s also important to remember condo rules regarding short-term rentals might change in the long-term.

To help clear up the question of who allows short-term rentals and who doesn’t, we have compiled a list of known Toronto condos that ALLOW short-term rentals like Airbnb. This is not a complete list. These are the buildings we know of currently.

 

Condo buildings that allow short-term rentals in Toronto*

 

300 Front Street West (300 Front St W & 20 John St)

300 Front Street West condo building

300 Front Street West at the corner of Front and John allows short-term rentals such as Airbnb. Short-term guests have restricted access to building amenities. They can use the gym and the pool, but they cannot book any of the extra rooms, such as the party room. Guests must sign in at the front desk and notify the building that they are a short-term guest.

 

Ice I & II (12-14 York Street)

Ice & Ice II condo buildings

Ice I & II both allow short term rentals, however, there are new rules in place regarding insurance. According to the condo board’s rules, any owner who allows “transient residential accommodation” (short term stays of less than 3 consecutive months), must obtain a commercial insurance policy of $5,000,000.00. Short-term guests must also check in with a driver’s license or passport. Refer to actual rules for complete details, but they do allow short term rentals.

 

Qwest (168 Simcoe)

Qwest condo building

Qwest Condos allows short term rentals, but the exact rules were a bit unclear. Apparently, the rules depend on the situation, whatever that means. Guests must sign in at the front desk, and they are restricted from using some or all of the building amenities. Best to double check the details on this one, but they are allowed.

 

Maple Leaf Square (55-56 Bremner)

Maple Leaf Square condo building

Maple Leaf Square is ready to go for short-term rentals, but it’s a bit restrictive for guests. They must sign in at the front desk, and they have access only to the suite they are renting. No use of amenities. Also, the front desk will not hold your keys. The owner and the short-term renter must arrange key pick-up and drop-off on their own.

 

Charlie (8 Charlotte Street)

Charlie condo building

Charlie allows short-term rentals, and guests can come and go without signing in at the front desk. The reception desk, however, will not hold your keys, and guests are restricted from using the building’s amenities. Hosts and guests will have to arrange to exchange the keys separately.

 

Local at Fort York (50 Bruyeres Mews)

Local at Fort York condos allows short term rentals

The Local at Fort York has no restrictions against short-term rentals like Airbnb. Short-term guests are treated like regular tenants with full access to building amenities. The condo board has issued noise complaints to certain hosts in the past, but there has been no move to ban short-term rentals outright. It’s a matter of respect. Owners are allowed to rent out their units on a daily basis, but it’s much appreciated that their guests are respectful of the building. It’s encouraged to inform the concierge of any short-term rental situations so that the concierge can help if there is a problem with the job, etc. Key pick-up and drop-off must be arranged separately between the host and guest.

 

Reve Condos (560 Front Street W)

Short-term rentals at Reve Condos in Downtown Toronto

Reve Condos near Bathurst and Front in downtown Toronto is a short-term rental friendly building. The condo board has decided on unit leasing rules that recognize the life-style choices of home-sharing and Airbnb style services. To make those options run smoothly, the Property Management has created a short-term rental registration form to be submitted to the management office, including suite information, owner information, length of stay, and contact details for the guest. After that, guests are treated (and are expected to respect the building) the same as regular tenants.

 

Waterclub I (8 York Street)

 

Waterclub I short term rental

For short-term rentals in the Waterfront neighbourhood, Waterclub I is a building worth checking out. The building amenities include a pool, gym, sauna, and a parking garage. You’ll want to double-check with your host on the details of using the amenities; otherwise you’re good to go!

 

Parade I & II – CityPlace (15 & 21 Iceboat Terrace

Parade CityPlace short term rental

Parade I & II in CityPlace downtown are excellent choices for short-term stay in Toronto. Well connected near Spadina and Front, these Toronto condos even have a wifi-enabled space called the Party Zone!

 

Aquarius at Waterpark City (219 Fort York Boulevard)

Aquarius at Waterpark City short term rentals

With 490 units in this building, chances are you’ll be able to find a variety of short-term accommodations at Aquarius at Waterpark City in the Fort York neighbourhood. A smart choice for a summer stay in Toronto, you’re within walking distance to the tree-filled Coronation Park across Lake Shore Boulevard, as well as Ontario Place with the Budweiser Stage and the Cinesphere.

 

The Verve (120 Homewood Avenue)

The Verve short term rentals

The Verve is a great choice for a short-term stay in Toronto to seize the most out of downtown Toronto. Seated near Wellesley and Jarvis in the St. James Town neighbourhood, this building has a 95% Walk Score and a 93% Transit Score.

 

Harbour View Estates II (35 Mariner Terrace)

Harbour View Estates II short term rentals

Located on the east side of Spadina Avenue in CityPlace, Harbour View Estates II is a top choice for a short-term rental in Toronto if you’re hoping to catch a baseball game or concert at the Rogers Centre or hoping to hit up top tourist attractions like the CN Tower or Ripley’s Aquarium of Canada.

 

Quartz | Spectra (75-85 Queens Wharf Road)

Quartz Spectra CityPlace short term rentals

Another CityPlace locale, Quartz | Spectra is between Bathurst and Spadina, nearby many Toronto attractions, but far enough from the noise that you’re likely to get a quiet sleep at the end of the night. Plus, a short-term stay may entitle you to access the Prisma Club, a three-storey resort inspired amenities centre with a swimming pool and film-screen rooms.

 

Karma Condos (15 Grenville Street)

Karma Condos short term rentals

Karma Condos in the Bay Street Corridor is next door to Toronto’s Discovery District, so it makes for an optimal spot for university and medical professionals who need short-term rental accommodation. You won’t find a swimming pool at this building, but you’ll be walking distance to Ryerson University, U of T, and many of Toronto’s top hospitals.

 

Studio on Richmond (199 Richmond Street West)

Studio on Richmond short term rentals

Getting away from the big tourist attractions CityPlace and the Core, but staying within the thrills of downtown, Studio on Richmond is found in the Entertainment District of Queen West. For a fun short-term stay in Toronto filled with good eats, late-night bar-hopping, and interesting entertainment venues, this is a solid option.

 

 

Changes coming to short-term rentals in Toronto

 

It’s very important to note that many condo boards are deciding to limit or remove short-term rentals from their buildings. This list will update as we learn of more buildings that allow short-term rentals, or if we learn that the above buildings change their condo board rules. If you know a building that allows short term rentals, or if you see an error on this list, please help us keep this info accurate. Contact us at newsletter@condos.ca with the subject line Short-term rental building.

 

 

*This information on Toronto condos that allow short-term rentals was last updated on October 13, 2017. It may not reflect current Condo Board rules for these buildings.