Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Moss Park
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51 Trolley Cres, Toronto
Built
2013
Storeys
16
Suites
349
Developer
Urban Capital
Corporation
TSCC-2343
Free · about 45 seconds · no obligation
What is your unit at River City I 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
- 121Esplanade-RiverTTC busSteps away
- 503King St East at River St503 Kingston Rd / 504 King streetcarSteps away
- 202Cherry BeachTTC bus0.6 km
- 65ParliamentTTC bus0.7 km
- 1Queen stationLine 1 Yonge–University2.0 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines2.4 km
- UPUnion stationUP Express · Pearson to Union2.4 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–8
Nelson Mandela Park Public School
440 Shuter St, Toronto
0.5 km · ~8 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
2.1 km
Zoned for this address
Catholic elementary
St Paul Catholic Elementary School
0.6 km · ~9 min walk
Nearest, confirm zoning
Catholic elementary
St Michael Catholic Elementary School - Bldg 1
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.8 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 River City I actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 0 | too few | 3 | $1,700/mo |
| 1 bed | 4 | $475,500 | 20 | $2,150/mo |
| 2 bed | 1 | too few | 6 | $3,200/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 River City I
Do mostly owners or renters live here?
Renter-heavy building. Of 66 deals here in the last 24 months, 56 were leases and 10 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 River City I?
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 River City I
- 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 River City I lists or sells.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Coffee
Tim Hortons
Steps away
Italian
Fusilli Ristorante
0.2 km · ~3 min walk
Shawarma
Amor Shawarma
0.2 km · ~3 min walk
Restaurant
Impact Kitchen
0.2 km · ~3 min walk
Bar
Ladybug Wine Bar
0.2 km · ~3 min walk
Restaurant
Album Cafe
0.3 km · ~5 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Corktown Common
- King/Queen Triangle
- Underpass Park
Nearest grocery
Kabul Farm Supermarket
0.8 km · ~13 min walk
Prices: TRREB MLS® System aggregate medians for 51 Trolley Cres, 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.
River City I is the building you notice from the Don Valley Parkway ramp: matte black, angular and nothing like the beige towers around it. Urban Capital finished it in 2013 as the first residential building in the West Don Lands, and the design still holds up. The fee is low for downtown because almost nothing beyond the basics is included, and that is the first thing I want buyers to understand. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
River City I is a 16-storey, 349-suite condominium at 51 Trolley Crescent and 47 Lower River Street, just south of King Street East in the West Don Lands, at the edge of Corktown in downtown east Toronto. It was developed by Urban Capital, designed by Saucier + Perrotte Architectes with ZAS Architects, and completed in 2013. The condominium corporation is TSCC-2343, registered 19 November 2013. Suites run from about 349 to 1,744 square feet. Maintenance fees include common elements and building insurance; condos.ca does not list heat, water or hydro as included.
River City I at a glance
Architecture with an opinion
Urban Capital won this site through a Waterfront Toronto competition that weighted design and sustainability heavily, and it hired Montreal’s Saucier + Perrotte in a joint venture with ZAS Architects. Phase 1 is two connected pieces: a 16-storey tower along King that tapers at its eastern corner, and a lower black wing forming an L, joined by a multi-storey bridge.
The cladding is matte black aluminum, and the forms are angled and sloped on purpose, a nod to the area’s industrial past. Phase 2 next door went the opposite way in white. Together they read as one of the more deliberate pieces of residential architecture in the east end, and Canadian Architect gave the project a full feature.
Living inside a building like this is different from looking at it. Angled walls and sloped glass make for memorable rooms, but they can also cost you usable floor area and make furniture placement awkward. Walk the suite with a tape measure, and do not assume the listed square footage translates into the same livable space as a rectangular plan.
Waterfront Toronto required LEED Gold for buildings in this precinct. If energy performance matters to you, ask the corporation what certification was achieved and how the building’s systems have been maintained since.
More than 25 floor plans, and a garage above ground
The architects designed every suite, and Phase 1 alone has more than 25 floor plans. That variety is a real advantage on resale, because you are not competing against twenty identical units on the same stack, but it also means you cannot price a suite here off a generic one-bedroom average.
Sizes run from about 349 square feet up to roughly 1,744. The smallest suites are true studios, and they behave differently on resale: they appeal mostly to investors and first-time buyers, and they are more sensitive to interest rates than a two-bedroom. If you are buying one to live in, make sure the plan has a proper closet and room for a real bed, not just a sofa bed.
One detail most buyers never hear about: the soil on this former industrial site was contaminated, so excavating an underground garage was ruled out. Parking sits in an above-grade structure between Phase 1 and Phase 2. Parking is not listed in the fee, so confirm whether a suite comes with a space and how it is held.
The roof of that garage became the courtyard, roughly 20 metres wide, with a shared patio, a pool and a planted green roof. It is shared with the phases that face it. That arrangement is pleasant to use but means a shared-facilities agreement governs costs and rules, and you should read 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.
Why the fee looks cheap
Active listings work out to about $0.78 per square foot in fees, which is low for downtown Toronto. The reason is in the inclusions: condos.ca lists only common elements and building insurance. Heat, cooling, water and hydro appear to be on your own account, so budget for those bills separately.
That is not a bad thing. Individually metered utilities reward owners who are careful with energy, and they keep the corporation’s budget less exposed to utility price swings. But when you compare this building to an older one at $1.00 per square foot with heat and water included, the true monthly gap is much smaller than it looks.
Ask the seller for a year of utility bills for the specific suite. A west-facing glass corner unit will cost more to cool than an interior suite, and that matters more here than in a building where the corporation pays.
The West Don Lands, ten years in
When River City I was going up, it was the only residential building between Corktown and the river. Since then the West Don Lands have filled in with the later River City phases, the former Pan Am athletes’ village buildings and new rental and condo towers, so the area now feels like a finished neighbourhood rather than a construction site.
Lower River Street was laid out as a woonerf, a street designed to prioritise pedestrians over cars. Corktown’s older streets and the King streetcar are a short walk north, and the Don River trails are to the east. The panel on this page covers transit, schools and nearby parks in detail.
Price per square foot and what is listed now
The building average is around $813 per square foot. That sits below the newer West Don Lands towers and well below King East buildings with loft finishes, which reflects both the age and the fact that many suites are compact.
At the time of writing there were three active listings asking from $449,900 to $960,000, with monthly fees from $406 to $853. That spans a one-bedroom through a two-plus-den, which is a reasonable spread for comparison. There were also two units listed for lease.
Because there are so many floor plans, I would compare a suite against sales of the same plan or exposure, not the building average. Get the floor plan name from the listing and look up past trades on that plan before making an offer.
Building specifications
| Building name | River City I (River City Phase 1) |
| Address | 51 Trolley Crescent and 47 Lower River Street, Toronto |
| Developer | Urban Capital |
| Architect | Saucier + Perrotte Architectes with ZAS Architects (joint venture) |
| Landscape | The Planning Partnership |
| Storeys | 16 (tower), with a lower connected wing |
| Total suites | 349 |
| Condo corporation | TSCC-2343 |
| Registered | 19 November 2013 |
| Property management | Crossbridge Condominium Services |
| Suite sizes | Approximately 349 to 1,744 sq ft |
| Floor plans | More than 25 in Phase 1 |
| Parking | Above-grade garage shared with Phase 2 |
| Maintenance fees | About $0.78 per sq ft across active listings |
| Fees include | Common elements and building insurance |
Amenities at River City I
The standout is the outdoor courtyard pool on the garage roof, which is rare for a mid-sized downtown east building. The rest is a standard set: gym, party room, media and meeting rooms, and concierge.
Jatin’s honest take on River City I
Who this building suits
First-time buyers and young professionals who want design-led architecture and a low monthly fee, and who are comfortable paying their own utilities. The range of plans also suits buyers who want something a bit unusual, like a corner suite with angled walls or a unit in the lower wing.
What I’d want you to check
Read the shared-facilities agreement with the neighbouring River City phases, since the courtyard, pool and garage are shared and cost splits matter. Ask for a year of the suite’s utility bills. Condos.ca flags a pet restriction, so check the declaration and rules for size or number limits before you buy with a dog. As a 2013 building, look at the reserve fund study for upcoming cladding, roof and pool work.
The value question
At around $813 per square foot, this is one of the more reasonable ways to own in a good-looking, architect-designed building near downtown. The low fee is partly an illusion because utilities are separate, but even after adding them back, I think River City I compares well with newer towers nearby. Pick the plan carefully; layout drives value here more than floor height.
Free building report: River City I
Send me your email and I’ll put together a current report on River City I — 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.
River City I — frequently asked questions
Who designed River City I?
Montreal’s Saucier + Perrotte Architectes designed it in a joint venture with ZAS Architects. The Planning Partnership did the landscape and courtyard.
Who developed River City?
Urban Capital developed all phases of River City through a Waterfront Toronto competition. Phase 1 was completed in 2013.
How many storeys and suites does River City I have?
The tower is 16 storeys, connected to a lower wing. Condos.ca lists 349 suites in Phase 1.
Is there a pool at River City I?
Yes. An outdoor pool sits in the courtyard on top of the parking structure between Phase 1 and Phase 2, and it is shared with the buildings that face it.
Why is the parking garage above ground?
The former industrial soil on the site was contaminated, so digging an underground garage was ruled out. Parking is in an above-grade structure between the phases.
What do maintenance fees include?
Condos.ca lists common elements and building insurance only. Expect to pay heat, cooling, water and hydro separately, and confirm in the status certificate.
Does River City I allow pets?
Condos.ca lists a pet restriction. Check the declaration and rules for specific limits.
Who manages River City I?
Crossbridge Condominium Services is listed as property manager.
How is River City I different from River City II?
Phase 1 is the black-clad tower and wing closest to King Street. Phase 2 is a 13-storey white building split into three mini-towers, completed in 2015, and is a separate corporation.
How much do condos at River City I sell for?
Over the last 12 months the median resale at River City I was $501,000, across 5 sales. The typical unit sold in 54 days at about 96% of the asking price. That works out to roughly $856 per square foot.
How much is rent at River City I?
The median lease at River City I over the last 12 months was $2,150/mo, from 29 leases. Units typically leased in 22 days.
What does each unit type cost at River City I?
Over the last 24 months: Studios rented for $1,700/mo; One-bedrooms sold for a median $475,500 and rented for $2,150/mo; Two-bedrooms rented for $3,200/mo. Each median uses three or more deals.
Are prices at River City I up or down since 2022?
Down about 14%. The median sold price per square foot was $996 in 2022 and $856 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does River City I offer an investor?
At a median price of $501,000 and a median rent of $2,150 a month, the gross yield is about 5.1%, 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 River City I?
Mostly renters. Of the deals here in the last 24 months, 85% were leases and 15% were sales.
Can you Airbnb a unit at River City I?
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 1 active short-term rental registration at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has River City I 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 River City I zoned for?
For TDSB public schools, the address is zoned for Nelson Mandela Park Public School (Elementary, JK–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 River City I?
The nearest subway is Queen station (Line 1 Yonge–University), 2.0 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 2.4 km; UP Express runs from Union station, 2.4 km; the 503 Kingston Rd / 504 King streetcar stops 0.1 km away; the closest bus is the Esplanade-River (TTC bus). Distances are straight-line from the building.
What restaurants and shops are near River City I?
Within about a 10-minute walk: Tim Hortons (Coffee), Fusilli Ristorante (Italian), Amor Shawarma (Shawarma), Impact Kitchen (Restaurant), Ladybug Wine Bar (Bar). The closest grocery store is Kabul Farm Supermarket, 0.8 km away.
Which parks are near River City I?
Corktown Common, King/Queen Triangle, Underpass Park are the closest green spaces.
What is my unit at River City I 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 River City I 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 Church–Wellesley, Corktown, Moss Park and Cabbagetown 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 Church–Wellesley, Corktown, Moss Park and Cabbagetown. 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 River City I, 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 Church–Wellesley, Corktown, Moss Park and Cabbagetown building guides: 108 Sackville Street Townhouses · 159SW Condominiums · 17 Pembroke St Townhouses · 22 Condominiums · 253 Wellesley · 28 Eastern
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.
