Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · St Lawrence-East Bayfront-The Islands
What's Your Home Worth Right Now?
Get a free AI-powered price range for your property in under 90 seconds, based on recent GTA comparable sales. No name or address required.
Get My Free Estimate →Aqualina at Bayside in one look.
15 Merchants' Wharf, Toronto
Built
2018
Storeys
14
Suites
362
Developer
Tridel, with Hines
Corporation
TSCC-2640
Free · about 45 seconds · no obligation
What is your unit at Aqualina at Bayside worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
Transit, nearest first
- 114Queens Quay EastTTC busSteps away
- 202Cherry BeachTTC busSteps away
- 65ParliamentTTC busSteps away
- 503King St East at Ontario St503 Kingston Rd / 504 King / 508 Lake Shore streetcar0.7 km
- 1King stationLine 1 Yonge–University1.1 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.3 km
- UPUnion stationUP Express · Pearson to Union1.3 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–5
Dundas Junior Public School
935 Dundas St E, Toronto
2.3 km
Zoned for this address
MiddleGr 6–8
Queen Alexandra Middle School
181 Broadview Ave, Toronto
2.2 km
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
2.6 km
Zoned for this address
Catholic elementary
St Michael Catholic Elementary School - Bldg 1
0.5 km · ~8 min walk
Nearest, confirm zoning
Catholic elementary
St Paul Catholic Elementary School
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.9 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.4 km · ~22 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Aqualina at Bayside actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 5 | $505,000 | 22 | $2,678/mo |
| 2 bed | 2 | too few | 10 | $3,550/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Aqualina at Bayside
Do mostly owners or renters live here?
Renter-heavy building. Of 75 deals here in the last 24 months, 61 were leases and 14 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Aqualina at Bayside?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Aqualina at Bayside
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at Aqualina at Bayside lists or sells.
Portals tell you a listing exists. I tell you whether it is priced right for this building, which stack it is in, and what the last comparable unit actually went for.
- New listings for sale or rent here
- What units sold for, with my read on it
- No account, no spam, stop with one reply
Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Bakery
Fuddies Patisserie
Steps away
Pizza
Pizzaville
Steps away
Chicken
Popeyes
Steps away
Restaurant
Region Food & Bar
Steps away
Sushi
Sushi Yeon
Steps away
Coffee
Mofer Coffee
0.3 km · ~5 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Sherbourne Common
- Aitken Place Park
- Water's Edge Promenade
Nearest grocery
Loblaws
0.4 km · ~6 min walk
Prices: TRREB MLS® System aggregate medians for 15 Merchants' Wharf, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Aqualina at Bayside is where I send buyers who want to be on the water without living in a 50-storey tower. It was the first building in the Bayside community on the East Bayfront, it sits right on Sherbourne Common, and it is a mid-rise of stacked glass blocks rather than another podium and point tower. The questions here are about the neighbourhood that is still being finished around it. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Aqualina at Bayside is a mid-rise condominium at 15 and 55 Merchants’ Wharf on the East Bayfront in downtown Toronto, beside Sherbourne Common. It was developed by Tridel with Hines and designed by Arquitectonica, with Kirkor Architects. Condos.ca lists 14 floors and 362 suites; the corporation is TSCC-2640, registered on 20 February 2018, and managed by Del Property Management. Condos.ca lists the fee as covering common elements, building insurance, parking and water.
Aqualina at Bayside at a glance
The first building in Bayside
Bayside is the Hines master-planned community on the old industrial lands east of Sherbourne Common, part of Waterfront Toronto’s East Bayfront revitalization. Aqualina was the first of its buildings to break ground, in 2015, and the first to be occupied. Tridel built it with Hines as its partner, and its sister building Aquavista followed immediately to the east.
The plan around it was sizeable: roughly 1,800 homes in six residential buildings, two office buildings, retail along the ground floors and a new neighbourhood park, Aitken Place Park. Several of those pieces have arrived since; some are still under construction. When you buy here, you are buying into a neighbourhood that is still filling in, which is both the opportunity and the inconvenience.
Storey counts differ by source. UrbanToronto reported 13 storeys at groundbreaking, condos.ca lists 14 and the critic Christopher Hume described it as 17. The stepped form, which drops toward the lake, makes a single number misleading; what matters is that this is a mid-rise, not a tower.
Glass blocks angled at the lake
Arquitectonica designed the building as a series of prismatic blocks that step down toward the water, with balconies angled to pick up lake and skyline views. West-facing suites look directly over Sherbourne Common. The premium Signature Collection suites and penthouses sit in a glass cube on the lake side that begins at the seventh-floor terrace.
Hume, reviewing it for Storeys, liked that it reads as a slab rather than a tower and fits its site without overpowering it. His concern was the ground floor: the lake-facing side had only one entrance and the retail units looked oversized while they were still empty. Walk the base yourself and see what has leased since.
The original plans also included a two-storey covered walkway lined with retail running through the building from Bonnycastle Street to Sherbourne Common, an 11th-floor rooftop garden for residents and a 13th-floor amenity rooftop. The building was designed to target LEED Platinum.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Suite range and what the fee covers
Condos.ca lists suites from about 532 to 3,179 sq ft. At launch the range was closer to 548 to 1,343 sq ft, so the very large figure comes from the combined upper-floor and penthouse suites. Most resale supply is one-bedroom and two-bedroom plans, with a handful of large suites at the top.
Parking is listed in the fee along with common elements, building insurance and water. Heat and air conditioning are not listed, so expect your own utility bill on top. Beanfield fibre is available, which was built into the Bayside plan from the start.
Where the suite faces is everything here. Sherbourne Common, the lake and the city skyline are the premium views; north-facing and courtyard suites look at neighbouring buildings and the Gardiner corridor beyond. Price the view, not just the square footage.
Daily life on the East Bayfront
Sherbourne Common is on your doorstep, the Waterfront Promenade runs along the water’s edge, and Sugar Beach is a short walk west. George Brown College’s waterfront campus and the Corus Quay offices give the area weekday life, and the St. Lawrence Market is a reasonable walk north.
What I like about this pocket is that the public realm was built first. The park, the promenade and the boardwalk edge were finished before most of the buildings, so the streets around Aqualina already feel designed rather than leftover. That is rare for a new neighbourhood in Toronto, and it is a large part of why buyers pay a premium here.
The honest limitation is that daily errands are still thinner than in the established neighbourhoods north of the Gardiner, and the streetcar planned along Queens Quay East was still not running when I wrote this. Many owners here drive or rideshare more than they expect to. The transit and walkability data for this address is in the panel beside this review.
What Aqualina costs
Condos.ca puts the building average at about $955 per square foot. That is a premium over older St. Lawrence buildings north of the Gardiner, and it reflects the waterfront location, the age and the fact that parking is in the fee.
Seven suites were for sale when I checked. One-bedrooms were asking roughly $500,000 to $680,000, and two-bedroom and three-bedroom suites ranged from just over $1 million to about $1.83 million, with the top of that range in the larger lake-facing plans. With seven listings in a 362-suite building, supply is healthy enough to compare plans side by side.
Fees on the active listings averaged about $0.86 per square foot. With parking included, that is reasonable for a 2018 waterfront mid-rise. Add your own heat and cooling to compare it fairly with a building that includes them.
The spread between a view suite and a north-facing suite of the same size can be large here, so comparables need to be chosen carefully. If you want a value check, my building sold report shows what has actually traded.
Building specifications
| Building name | Aqualina at Bayside |
| Address | 15 and 55 Merchants’ Wharf, Toronto |
| Developer | Tridel, with Hines |
| Architect | Arquitectonica (design); Kirkor Architects |
| Interior design | II BY IV Design |
| Storeys | 14 per condos.ca; 13 per UrbanToronto at launch; stepped form |
| Total suites | 362 |
| Condo corporation | TSCC-2640 |
| Registered | 20 February 2018 |
| Property management | Del Property Management |
| Suite sizes | Approximately 532 to 3,179 sq ft |
| Maintenance fees | About $0.86 per sq ft on current listings |
| Fees include | Common elements, building insurance, parking and water |
| Internet | Beanfield fibre available |
Amenities at Aqualina at Bayside
The amenity package leans social rather than resort-style: concierge, guest suites, party and meeting rooms, and rooftop space with views over the harbour. If a pool matters to you, look next door at Aquavista, which put an infinity pool on its podium terrace. The rooftop garden is a nice touch for anyone who wants to grow something without a backyard.
Jatin’s honest take on Aqualina at Bayside
Who this building suits
Owner-occupiers who want the lake and a park outside the door in a mid-rise, downsizers who want a large suite with parking included, and people who work on the waterfront or in the eastern core. It suits buyers who are patient about a neighbourhood that is still being completed.
What I’d want you to check
Confirm parking and a locker for the specific suite, since parking is only valuable in the fee if you own a space. Read the reserve fund study and board minutes, and ask about any shared facilities with neighbouring Bayside buildings and the cost-sharing arrangements. Look at what is planned or under construction near the suite you want, because a future building can change a view.
The value question
At about $955 per square foot, Aqualina is not cheap, but you are paying for a location that cannot be replicated: on Sherbourne Common, at the water, in a building that is not a tower. For a buyer planning to stay five years or more while the neighbourhood matures, I think the view suites hold value. The north-facing suites are where I would be more careful about price.
Free building report: Aqualina at Bayside
Send me your email and I’ll put together a current report on Aqualina at Bayside — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Aqualina at Bayside — frequently asked questions
Who built Aqualina at Bayside?
Tridel developed it in partnership with Hines, the master developer of the Bayside community.
Who designed Aqualina?
The design architect was Arquitectonica, with Kirkor Architects on the team and II BY IV Design on the interiors.
How tall is Aqualina at Bayside?
Sources differ: condos.ca lists 14 floors, UrbanToronto reported 13 storeys at launch and Christopher Hume described 17. The building steps down toward the lake, so floor counts vary by section.
How many suites are in Aqualina?
There are 362 suites, registered under TSCC-2640 in February 2018.
What do maintenance fees include?
Condos.ca lists common elements, building insurance, parking and water. Heat and air conditioning are not listed as included.
How big are the suites?
Condos.ca lists about 532 to 3,179 sq ft, with most resale suites one- and two-bedroom plans and a few very large upper suites.
Does Aqualina have a pool?
A pool is not listed among Aqualina’s amenities. The neighbouring Aquavista at Bayside has a podium-level infinity pool.
How does Aqualina compare to Aquavista next door?
Both are Tridel and Hines buildings by Arquitectonica. Aqualina is larger, with parking listed in the fee; Aquavista is smaller, faces the lake and Aitken Place Park, and has a pool.
Who manages Aqualina at Bayside?
Condos.ca lists Del Property Management. Confirm the current manager in the status certificate.
How much do condos at Aqualina at Bayside sell for?
Over the last 12 months the median resale at Aqualina at Bayside was $617,500, across 7 sales. The typical unit sold in 25 days at about 97% of the asking price. That works out to roughly $932 per square foot.
How much is rent at Aqualina at Bayside?
The median lease at Aqualina at Bayside over the last 12 months was $2,710/mo, from 32 leases. Units typically leased in 9 days.
What does each unit type cost at Aqualina at Bayside?
Over the last 24 months: One-bedrooms sold for a median $505,000 and rented for $2,678/mo; Two-bedrooms rented for $3,550/mo. Each median uses three or more deals.
Are prices at Aqualina at Bayside up or down since 2022?
Down about 15%. The median sold price per square foot was $1,097 in 2022 and $932 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Aqualina at Bayside offer an investor?
At a median price of $617,500 and a median rent of $2,710 a month, the gross yield is about 5.3%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Aqualina at Bayside?
Mostly renters. Of the deals here in the last 24 months, 81% were leases and 19% were sales.
Can you Airbnb a unit at Aqualina at Bayside?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Aqualina at Bayside had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Aqualina at Bayside zoned for?
For TDSB public schools, the address is zoned for Dundas Junior Public School (Elementary, JK–5), Queen Alexandra Middle School (Middle, Gr 6–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Aqualina at Bayside?
The nearest subway is King station (Line 1 Yonge–University), 1.1 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.3 km; UP Express runs from Union station, 1.3 km; the 503 Kingston Rd / 504 King / 508 Lake Shore streetcar stops 0.7 km away; the closest bus is the Queens Quay East (TTC bus). Distances are straight-line from the building.
What restaurants and shops are near Aqualina at Bayside?
Within about a 10-minute walk: Fuddies Patisserie (Bakery), Pizzaville (Pizza), Popeyes (Chicken), Region Food & Bar (Restaurant), Sushi Yeon (Sushi). The closest grocery store is Loblaws, 0.4 km away.
Which parks are near Aqualina at Bayside?
Sherbourne Common, Aitken Place Park, Water's Edge Promenade are the closest green spaces.
What is my unit at Aqualina at Bayside worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Aqualina at Bayside lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at St. Lawrence, the Financial District and Downtown Yonge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including St. Lawrence, the Financial District and Downtown Yonge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Aqualina at Bayside, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More St. Lawrence, the Financial District and Downtown Yonge building guides: One King West Hotel & Residence · 1 Thousand Bay Condos · 1001 Bay · 101 McGill Street Townhouses · 1132 Bay Street Condos · 1166 Bay Street Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.