CityPlace is the epicenter of Toronto’s Airbnb market. This pocket of condo towers between Bathurst, Spadina, Front, and the Gardiner Expressway has 561 short-term rental registrations across just 22 buildings. No other neighborhood in Toronto comes close.
CityPlace STR Registrations by Building
| Building | Registrations |
|---|---|
| 21 Iceboat Ter | 158 |
| 151 Dan Leckie Way | 111 |
| 215 Fort York Blvd | 59 |
| 209 Fort York Blvd | 58 |
| 219 Fort York Blvd | 47 |
| 231 Fort York Blvd | 45 |
| 15 Iceboat Ter | 34 |
| 10 Capreol Crt | 22 |
| 3 Concord Cityplace Way | 7 |
| 10 Navy Wharf Crt | 4 |
| 38 Dan Leckie Way | 4 |
| 81 Navy Wharf Crt | 2 |
| Others (10 buildings) | 10 |
| Total | 561 |
Why CityPlace Works So Well for Airbnb
Density creates its own ecosystem. With this many STRs concentrated in one area, the neighborhood has become known among travelers. Guests searching Toronto on Airbnb see clusters of well-reviewed listings in CityPlace and recognize it as a proven location.
Location between two entertainment hubs. CityPlace sits between the Entertainment District (north) and the waterfront (south). Guests can walk to the Rogers Centre, CN Tower, Scotiabank Arena, and Ripley’s Aquarium in under 10 minutes. The Harbourfront and Billy Bishop Airport are just as close going south.
Transit access. Bathurst and Spadina streetcars run along the edges. Union Station is a 15 minute walk. The UP Express to Pearson is nearby.
Amenity-rich buildings. Most CityPlace towers have pools, gyms, rooftop terraces, and party rooms. These amenities photograph well and guests mention them in reviews, which boosts your search ranking.
Relatively STR-tolerant condo boards. The sheer number of registrations proves this. Buildings like 21 Iceboat Ter (158 registrations) and 151 Dan Leckie Way (111) clearly do not prohibit short-term rentals.
What CityPlace Hosts Should Know
The competition is real. 561 registered STRs in one neighborhood means your listing needs to stand out. Professional photos, competitive pricing, and fast response times are not optional here. They are the minimum to compete.
Dynamic pricing matters more here than anywhere. With this many comparable listings nearby, guests can easily compare. If your 1BR is $20 above the identical unit two floors up, you lose the booking. Daily pricing adjustments based on demand, events, and competitor rates make a measurable difference.
The Fort York Blvd buildings are the heart of CityPlace STRs. 209, 215, 219, and 231 Fort York Blvd collectively have 209 registrations. These four buildings form a block of STR-friendly towers that guests often search specifically.
Guest Favorite and Superhost status gives you an edge. In a neighborhood with 500+ competitors, Airbnb’s algorithm rewards listings with top ratings. Having the Guest Favorite badge or Superhost status pushes your listing higher in search results, which means more views, more bookings, and the ability to charge premium rates.
Typical Earnings in CityPlace
CityPlace units fall squarely in the downtown Toronto market. Based on city-wide data:
- Average Toronto host: $3,667/month
- Top 25%: $3,476+/month
- Top 10%: $5,657+/month
- Average nightly rate: $168 (downtown condos typically command $150-250)
- Average occupancy: 70% (well-managed listings hit 80-90%)
The difference between average and top 10% in CityPlace comes down to three things: listing quality, pricing strategy, and response speed. All three are within your control.
Should You Airbnb Your CityPlace Condo?
If you own in CityPlace and it is your principal residence, you are in one of the best STR locations in Canada. The demand is proven, the condo boards generally allow it, and the guest profile (tourists, business travelers, event-goers) keeps occupancy high year-round.
The question is whether you want to self-manage or hire a professional. With 500+ competing listings in the neighborhood, the difference between average and top-tier management shows up directly in your monthly revenue.
Get a free revenue estimate for your CityPlace unit or book a call to see how professional management could push you into the top 20% of Toronto hosts.
Data source: City of Toronto Short-Term Rental Registration Data. Full building rankings: Toronto Condos That Allow Airbnb.
Related: 300 Front St W: Toronto’s Most Popular Airbnb Building | Which Toronto Neighborhoods Have the Most Airbnbs?