Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
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80 John St, Toronto
Built
2011
Storeys
42
Suites
378
Developer
The Daniels Corporation
Corporation
TSCC-2155
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Festival Tower 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
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 504King St West at John St West Side504 King / 508 Lake Shore streetcarSteps away
- 1St Andrew stationLine 1 Yonge–University0.4 km
- 19BayTTC bus0.8 km
- 97YongeTTC bus0.8 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines0.8 km
- UPUnion stationUP Express · Pearson to Union0.8 km
- 114Queens Quay EastTTC bus0.9 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–6
Ogden Junior Public School
33 Phoebe St, Toronto
0.5 km · ~8 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
1.1 km · ~17 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.5 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
0.9 km · ~14 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.0 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.8 km
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 Festival Tower actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 0 | too few | 5 | $2,100/mo |
| 1 bed | 5 | $620,000 | 27 | $2,650/mo |
| 2 bed | 3 | $950,000 | 9 | $4,500/mo |
| 3 bed + | 1 | too few | 2 | too few |
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 Festival Tower
Do mostly owners or renters live here?
Renter-heavy building. Of 120 deals here in the last 24 months, 104 were leases and 16 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 Festival Tower?
Some owners here hold City registrations, but the condo’s own declaration and rules can still forbid short stays. 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 Festival Tower
- 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.
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Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Shawarma
Shelby's Legendary Shawarma
Steps away
Mexican
Tulum Mexican Restaurant
Steps away
Coffee
Starbucks
Steps away
Indian
Aroma Fine Indian Cuisine
Steps away
Restaurant
La Fenice Tuscan Grill
Steps away
Restaurant
Bar Romy
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Grasett Park
- Simcoe Park
- Isabella Valancy Crawford Park
Nearest grocery
No Frills
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 80 John St, 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.
Festival Tower is the one building in Toronto where the film festival is literally downstairs. Daniels and KPMB built it on top of the TIFF Bell Lightbox at King and John in 2011, and it was planned from the start as a hotel-style residence with its own cinema. It carries the highest price per square foot in this part of King West, and you should know exactly what that premium buys. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Festival Tower is a 378-suite condominium at 80 John Street, at King Street West in Toronto’s Entertainment District, built above the TIFF Bell Lightbox. It was developed by The Daniels Corporation with the Reitman family, designed by KPMB Architects with Kirkor Architects and Planners, and completed in 2011. It is listed at 42 storeys and about 157 metres. The condominium corporation is TSCC-2155, registered on 20 May 2011, and DASH Property Management lists itself as the manager. Maintenance fees include common elements, heat, air conditioning, water, building insurance and parking.
Festival Tower at a glance
A condo built on top of the film festival
The TIFF Bell Lightbox, the year-round home of the Toronto International Film Festival, occupies the base of the building at King and John. The land came from the Reitman family, and the residential tower above it was developed by The Daniels Corporation with Ivan Reitman and his sisters, according to the building’s property manager.
KPMB Architects designed the complex with Kirkor Architects and Planners, with interiors by Mike Niven. The result is a limestone-clad podium of about five storeys holding the Lightbox, and a glass tower rising above it to 42 storeys. Some descriptions count the tower as 41 storeys above the podium; the difference is in how the base is counted.
The film connection is more than a name. UrbanToronto’s project record notes that residents were promised early access and preferred pricing for many Lightbox events, including private screenings and receptions. Confirm what is still offered today, because arrangements like this can change over the life of a building.
Daniels is a long-established Toronto developer, best known for its work in Regent Park as well as downtown condominiums, and KPMB is one of the most respected firms in the country. That pedigree does not guarantee a trouble-free building, but it gives you a design and construction team with a record you can look up.
The Tower Club and the hotel-style services
The amenity floors, branded the Tower Club, occupy the tenth and eleventh floors, directly above the Lightbox. DASH describes a 55-seat private cinema, a pool house with a whirlpool, saunas, spa treatment rooms, a meditation garden, a fitness centre, a rooftop terrace and guest suites.
The building was also sold with hotel-style services: housekeeping, room service and dog walking, offered through the concierge, along with a car-sharing program. Those services are usually paid for by the user rather than through the fee, so ask what is available now and what it costs.
This is the core of the Festival Tower proposition. You are buying into a building that behaves more like a residence club than a standard condo, and the fee and price per square foot reflect it.
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.
Suites from one-bedrooms to penthouses
Suites run from about 487 to 2,765 sq ft on Condos.ca. Because the tower starts above the Lightbox and the amenity floors, even the lowest residential suites sit well above street level, which helps with noise and gives most suites a real view.
The upper floors look east over the Financial District and the CN Tower and south toward the lake. Lower suites on the north and west sides look into the dense blocks of King West, where newer towers now stand close by.
Ask which way the suite faces and what has been built or approved on the adjacent sites since 2011. In this part of downtown, views change.
The building’s glass and the layouts are typical of a 2011 tower, with open-plan living areas and floor-to-ceiling windows. That means a lot of light and also a lot of glass to maintain, and summer heat on the south and west faces. Air conditioning is in the fee, which softens that cost.
King and John, day to day
The building sits at the centre of the Entertainment District. Roy Thomson Hall, the Princess of Wales and Royal Alexandra theatres, Metro Hall and the Financial District are all a short walk away, and King Street is one of the city’s busiest restaurant strips.
That is the attraction and the cost. During the film festival in September, the blocks around the Lightbox fill with crowds, red carpets and road closures, right outside your lobby. If you enjoy that, it is a highlight of the year; if you need a quiet street, this is not your building.
The data panel on this page covers transit, schools, Walk Score, restaurants and parks.
Pricing: what the premium buys
Condos.ca puts the building average at about $971 per square foot, the highest of the King West and Entertainment District buildings I track. For context, The PJ Condos at 283 Adelaide and 99 John, completed in 2022, averages about $888, and The Element at 20 Blue Jays Way averages about $839.
That premium pays for the Tower Club amenities, the film connection, the KPMB design and the fact that every suite is lifted above a busy street. Whether it is worth it depends on how much you will use the building. An owner who uses the cinema, spa and pool weekly is getting value; an investor renting to a tenant is mostly paying for a story.
There was only one suite for sale and two for lease when I prepared this review, so I will not quote an asking range. Fees here include heat, cooling and parking, which helps the comparison with newer buildings. For the aggregate sold record at this address, ask for my building sold report.
Building specifications
| Building name | Festival Tower |
| Address | 80 John Street, Toronto |
| Developer | The Daniels Corporation, with the Reitman family |
| Architect | KPMB Architects with Kirkor Architects and Planners; interiors by Mike Niven |
| Storeys | 42 (about 157 metres) |
| Total suites | 378 |
| Completed | 2011 |
| Condo corporation | TSCC-2155 |
| Registered | 20 May 2011 |
| Property management | DASH Property Management (Condos.ca does not list one) |
| Suite sizes | Approximately 487 to 2,765 sq ft |
| Fees include | Common elements, heat, air conditioning, water, building insurance and parking |
| Not included | Hydro (not listed as included) |
| Podium | TIFF Bell Lightbox |
Amenities at Festival Tower
The Tower Club on the tenth and eleventh floors is the most complete amenity package in this part of King West, with a private cinema, pool, spa rooms and a meditation garden. It is the reason to buy here, so tour it, and ask how it is staffed and booked.
Jatin’s honest take on Festival Tower
Who this building suits
Buyers who want a full-service, hotel-style building in the middle of the Entertainment District and will actually use the cinema, pool and spa. It suits film lovers, professionals who work in the core, and owners trading down from a house who want concierge services and no maintenance.
What I’d want you to check
Read the reserve fund study with the pool, spa and mechanical plant in mind; those are expensive to run and replace. Ask what the hotel-style services and Lightbox perks are today and who pays for them. Confirm the property manager, since Condos.ca does not list one and DASH lists itself. Check parking and locker for the suite, and visit during the festival if you can, so you know what September looks like at your door. Finally, compare the fee with what you would pay for a gym, spa and storage elsewhere, so you know whether the amenities pay their way for you.
The value question
At about $971 a square foot, Festival Tower is not cheap and does not pretend to be. For an owner-occupier who uses the amenities, I think it holds its value well, because nothing else in Toronto offers this combination. For an investor focused on rental yield, the premium is harder to justify than at newer buildings nearby.
Free building report: Festival Tower
Send me your email and I’ll put together a current report on Festival Tower — 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.
Festival Tower — frequently asked questions
What is below Festival Tower?
The TIFF Bell Lightbox, the year-round home of the Toronto International Film Festival, occupies the podium.
Who developed Festival Tower?
The Daniels Corporation, with Ivan Reitman and his sisters, whose family owned the land.
Who designed Festival Tower?
KPMB Architects with Kirkor Architects and Planners, with interiors by Mike Niven.
How tall is Festival Tower?
It is listed at 42 storeys and about 157 metres, rising above a podium of about five storeys.
When was Festival Tower completed?
In 2011. The condominium corporation, TSCC-2155, was registered on 20 May 2011.
What is the Tower Club?
The residents’ amenity club on the tenth and eleventh floors, with a 55-seat cinema, pool, whirlpool, saunas, spa rooms, fitness centre and meditation garden.
Do residents get access to TIFF events?
Residents were promised early access and preferred pricing for many Lightbox events. Confirm what is offered today.
What do maintenance fees include?
Common elements, heat, air conditioning, water, building insurance and parking. Hydro is not listed as included.
Who manages Festival Tower?
DASH Property Management lists Festival Tower among the buildings it manages.
How many suites does Festival Tower have?
378 suites, from about 487 to 2,765 sq ft.
How much do condos at Festival Tower sell for?
Over the last 12 months the median resale at Festival Tower was $698,500, across 9 sales. The typical unit sold in 36 days at about 99% of the asking price. That works out to roughly $943 per square foot.
How much is rent at Festival Tower?
The median lease at Festival Tower over the last 12 months was $2,700/mo, from 43 leases. Units typically leased in 16 days.
What does each unit type cost at Festival Tower?
Over the last 24 months: Studios rented for $2,100/mo; One-bedrooms sold for a median $620,000 and rented for $2,650/mo; Two-bedrooms sold for a median $950,000 and rented for $4,500/mo. Each median uses three or more deals.
Are prices at Festival Tower up or down since 2022?
Down about 18%. The median sold price per square foot was $1,152 in 2022 and $943 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Festival Tower offer an investor?
At a median price of $698,500 and a median rent of $2,700 a month, the gross yield is about 4.6%, 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 Festival Tower?
Mostly renters. Of the deals here in the last 24 months, 87% were leases and 13% were sales.
Can you Airbnb a unit at Festival Tower?
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 2 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 Festival Tower 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 Festival Tower zoned for?
For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), Harbord 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 Festival Tower?
The nearest subway is St Andrew station (Line 1 Yonge–University), 0.4 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 0.8 km; UP Express runs from Union station, 0.8 km; the 504 King / 508 Lake Shore streetcar stops 0.0 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Festival Tower?
Walk Score 100, Transit Score 100 and Bike Score 95. Most daily errands can be done on foot.
What restaurants and shops are near Festival Tower?
Within about a 10-minute walk: Shelby's Legendary Shawarma (Shawarma), Tulum Mexican Restaurant (Mexican), Starbucks (Coffee), Aroma Fine Indian Cuisine (Indian), La Fenice Tuscan Grill (Restaurant). The closest grocery store is No Frills, 0.2 km away.
Which parks are near Festival Tower?
Grasett Park, Simcoe Park, Isabella Valancy Crawford Park are the closest green spaces.
What is my unit at Festival Tower 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 Festival Tower 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 King West, Liberty Village and CityPlace 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 King West, Liberty Village and CityPlace. 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 Festival Tower, 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 King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
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.