Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · St Lawrence-East Bayfront-The Islands
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25 The Esplanade, Toronto
Built
1989
Storeys
31
Suites
571
Developer
Yonge-Esplanade Enterprises
Corporation
MTCC-850
Walk Score
99
Free · about 45 seconds · no obligation
What is your unit at 25 The Esplanade 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
- 121Esplanade-RiverTTC busSteps away
- 19BayTTC bus0.2 km
- 97YongeTTC bus0.2 km
- 1King stationLine 1 Yonge–University0.3 km
- 509Union Station509 Harbourfront / 510 Spadina streetcar0.3 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines0.4 km
- UPUnion stationUP Express · Pearson to Union0.4 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
Market Lane Junior and Senior Public School
246 The Esplanade, Toronto
0.9 km · ~14 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
2.2 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
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.3 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.2 km · ~19 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 25 The Esplanade actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 12 | $532,500 | 32 | $2,350/mo |
| 2 bed | 4 | $850,000 | 6 | $2,938/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 25 The Esplanade
Do mostly owners or renters live here?
Renter-heavy building. Of 118 deals here in the last 24 months, 86 were leases and 32 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 25 The Esplanade?
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 25 The Esplanade
- 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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Eat, drink and shop nearby
Within about a 10-minute walk.
Restaurant
Cafe Nicole
Steps away
Bakery
Whisk Bakery
0.2 km · ~3 min walk
Coffee
Tim Hortons
0.2 km · ~3 min walk
Restaurant
Biff's Bistro
0.2 km · ~3 min walk
Restaurant
Cafe Landwer
0.2 km · ~3 min walk
Restaurant
Ceci Bar
0.2 km · ~3 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Berczy Park
- 50 Queens Quay East Park
- Toronto Sculpture Garden
Nearest grocery
No Frills
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 25 The Esplanade, 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.
25 The Esplanade is the building people describe as Toronto’s Flatiron: a narrow wedge of a tower on the corner of The Esplanade and Yonge, with a colonnade running along its base. It has 571 suites, fees that include your hydro, and a half-acre park deck on the sixth floor. It also has one quirk that every buyer needs to understand before they offer, and it is about parking. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
25 The Esplanade is a high-rise condominium of 571 suites at 25 The Esplanade, in the St. Lawrence neighbourhood of downtown Toronto. Condos.ca lists it as 31 storeys; Wikipedia gives 33 floors, with suites on floors 3 to 32 and resident amenities on the top floor. It was designed by Matsui Baer Vanstone Architects and completed in 1988 to 1989. The condominium corporation is MTCC-850, registered on 3 November 1989. Condos.ca lists the fees as covering common elements, heat, hydro, air conditioning, building insurance and water. Suites run from about 340 to 1,387 sq ft.
25 The Esplanade at a glance
The wedge, the colonnade and a very big building
The tower’s shape comes from its site. The lot narrows to a point at the corner, and the architects, Matsui Baer Vanstone, carried that point up the whole height of the building. The building’s own website leans into the Flatiron comparison, and the style is usually described as postmodern, with Art Deco and Beaux-Arts references in the base and the crown.
It was built at the same time as the nine-storey hotel next door at 45 The Esplanade, now the Novotel Toronto Centre, and the two share a long colonnade along the street. The lower floors are not residential. Retail occupies the ground floor and offices take the second floor under the separate address of 35 The Esplanade.
Size is the other headline. According to Wikipedia, which cites a local real estate history piece, 25 The Esplanade was the largest condominium building in Canada when it was completed, with 571 suites in a single tower. That scale shows up in daily life: busy elevators at rush hour, a lot of move-ins and move-outs, and a large board budget to oversee.
Parking here is rented, not owned
This is the point I raise with every buyer. Parking is not in the fee list, and the building’s own website describes the underground parking as monthly rental. An UrbanToronto discussion of the garage explains why: the three-level garage, shared with the hotel, is owned by the hotel’s owner, Silver Hotel Group, and residents use the lower two levels under an agreement rather than owning spaces.
In practice, that means you should not expect a deeded parking unit with your suite, and the monthly cost, availability and terms are set outside your condo corporation. If you need a car space, get the current parking arrangement in writing before you firm up. There is a Zipcar car-share in the building, which suits a lot of owners here who do not drive daily.
It matters more now because a redevelopment application has been filed for the Novotel site at 45 The Esplanade. The hotel and the garage are physically connected, so any construction would affect the shared garage and the colonnade. Read the board minutes and the status certificate for what the corporation has been told, and check the City of Toronto development application for the latest plans.
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, views and the fee that includes hydro
Suites range from about 340 sq ft studios to about 1,387 sq ft, with a lot of compact one-bedrooms in the middle. The wedge shape means corner suites at the point of the building get unusual angled walls and views in two directions, while suites along the long sides face either the city to the north or the lake to the south.
The fee list is generous for a downtown building: heat, hydro, air conditioning, water, insurance and common elements are all included. You will see fees quoted around $0.90 per square foot on current listings. That looks high next to a newer tower, but newer towers usually meter hydro separately, so compare total monthly costs, not fee to fee.
With an all-inclusive fee, individual suites cannot control the cost of shared heating and cooling, so the corporation’s energy bills feed straight into your fee. In a building from the late 1980s, ask the manager what the heating and cooling system is, how old it is, and whether replacement is planned in the reserve fund study.
Living a block from the market
The daily appeal is the location. St. Lawrence Market is a short walk east, the Union Station area and the Financial District are just to the west, and Berczy Park and the Flatiron Building are around the corner. The Esplanade itself is a pedestrian-friendly street of restaurants and patios, and the waterfront is a few minutes south.
That convenience comes with noise. The rail corridor and the Gardiner run just south of the building, and Yonge and Front are busy. Higher floors on the north side are generally quieter, while south-facing suites get the lake view and more of the rail and highway noise. Visit at rush hour before you buy.
What 25 The Esplanade costs
Condos.ca puts the building average at about $740 per square foot. For a downtown address a block from the market, that is lower than most newer towers nearby, and the gap reflects the building’s age, the shared heating and cooling, and the fact that parking is rented rather than owned.
When I checked, three suites were listed for sale, asking from about $500,000 to $939,000, from one-bedrooms to a larger two-bedroom. Fees on those listings ranged from about $590 to just under $1,000 a month, or roughly $0.91 per square foot on average. Six suites were listed for lease, which tells you how much of the building is rented.
In a building this size there are usually comparables for most layouts, so a fair price is easier to pin down than in a small building. I can pull recent sold data for the exact layout and exposure through my building sold report before you offer.
Building specifications
| Building name | 25 The Esplanade (The Esplanade) |
| Address | 25 The Esplanade, Toronto M5E 1W5 |
| Developer | Sources differ: condos.ca lists Yonge-Esplanade Enterprises; Wikipedia credits the Avro Group |
| Architect | Matsui Baer Vanstone Architects |
| Storeys | Sources differ: 31 (condos.ca) or 33 floors (Wikipedia) |
| Total suites | 571 |
| Condo corporation | MTCC-850 |
| Registered | 3 November 1989 |
| Property management | Crossbridge Condominium Services (per condos.ca) |
| Suite sizes | Approximately 340 to 1,387 sq ft |
| Maintenance fees | About $0.91 per sq ft on current listings |
| Fees include | Common elements, heat, hydro, air conditioning, building insurance and water |
| Parking | Monthly rental parking in a garage shared with the hotel next door |
Amenities at 25 The Esplanade
The best amenity is the half-acre SkyPark on the sixth floor, built on top of the neighbouring city parking garage, with barbecues and a play area: real outdoor space in a neighbourhood with little of it. The top-floor lounge sits in the point of the wedge, with views across the city and the lake.
Jatin’s honest take on 25 The Esplanade
Who this building suits
First-time buyers and investors who want a downtown address a block from St. Lawrence Market at a price per square foot below the newer towers. It also suits people who do not own a car and like a predictable monthly cost, since hydro and heat are in the fee. If you need owned parking or a quiet building, look elsewhere.
What I’d want you to check
First, the parking arrangement: what it costs, whether a space is available and how the proposed redevelopment next door might affect the garage. Second, the age of the building. A tower completed in 1989 is into the period of window, elevator, mechanical and garage repairs, so read the reserve fund study and the board minutes for planned projects and fee increases. Confirm who manages the building today, because condos.ca lists Crossbridge and older references point elsewhere, and confirm the pet and leasing rules on the status certificate.
The value question
At about $740 per square foot with hydro included, this is one of the more affordable ways into St. Lawrence. You give up owned parking and new-build finishes; you gain a recognisable building, a large SkyPark and plenty of comparables. For a buyer without a car who plans to stay a few years, I think it is fair value, provided the reserve fund and the parking terms check out.
Free building report: 25 The Esplanade
Send me your email and I’ll put together a current report on 25 The Esplanade — 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.
25 The Esplanade — frequently asked questions
Does a suite at 25 The Esplanade come with owned parking?
Generally no. The building’s website describes the underground parking as monthly rental, and the garage is owned by the hotel’s owner, with residents using the lower levels under an agreement. Confirm the current terms before you buy.
What do the maintenance fees include?
Condos.ca lists common elements, heat, hydro, air conditioning, building insurance and water. Parking is not in the list.
How many suites and storeys does 25 The Esplanade have?
It has 571 suites. Condos.ca lists 31 storeys, while Wikipedia gives 33 floors, with suites on floors 3 to 32 and amenities on the top floor.
Who designed and built 25 The Esplanade?
It was designed by Matsui Baer Vanstone Architects. Condos.ca names Yonge-Esplanade Enterprises as the developer, while Wikipedia credits the Avro Group, which built it with the hotel next door.
When was 25 The Esplanade built?
Construction began in 1986 and the building was finished in 1988 to 1989. The condominium corporation, MTCC-850, was registered on 3 November 1989.
What is the SkyPark?
It is a half-acre outdoor deck on the sixth floor, on top of the neighbouring city parking garage, with six gas barbecues, seating and a children’s play area.
What amenities are on the top floor?
The top floor has the gym, a party room and lounge with a full kitchen, a games room, saunas, a whirlpool and terraces facing north and south.
Why is it compared to the Flatiron Building?
The tower is wedge-shaped, following a lot that narrows to a point at the corner, and the building’s own website makes the comparison to New York’s Flatiron.
What is happening at the hotel next door?
A redevelopment application has been filed for 45 The Esplanade, the Novotel site, which shares the garage and colonnade with this building. Check the City of Toronto application and the board minutes for the latest.
How big are the suites?
Suites range from about 340 sq ft studios to about 1,387 sq ft, with many compact one-bedrooms in between.
How much do condos at 25 The Esplanade sell for?
Over the last 12 months the median resale at 25 The Esplanade was $575,000, across 16 sales. The typical unit sold in 26 days at about 96% of the asking price. That works out to roughly $754 per square foot.
How much is rent at 25 The Esplanade?
The median lease at 25 The Esplanade over the last 12 months was $2,398/mo, from 38 leases. Units typically leased in 7 days.
What does each unit type cost at 25 The Esplanade?
Over the last 24 months: One-bedrooms sold for a median $532,500 and rented for $2,350/mo; Two-bedrooms sold for a median $850,000 and rented for $2,938/mo. Each median uses three or more deals.
Are prices at 25 The Esplanade up or down since 2022?
Down about 23%. The median sold price per square foot was $985 in 2022 and $754 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does 25 The Esplanade offer an investor?
At a median price of $575,000 and a median rent of $2,398 a month, the gross yield is about 5.0%, 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 25 The Esplanade?
Mostly renters. Of the deals here in the last 24 months, 73% were leases and 27% were sales.
Can you Airbnb a unit at 25 The Esplanade?
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 25 The Esplanade 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 25 The Esplanade zoned for?
For TDSB public schools, the address is zoned for Market Lane Junior and Senior 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 25 The Esplanade?
The nearest subway is King station (Line 1 Yonge–University), 0.3 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 0.4 km; UP Express runs from Union station, 0.4 km; the 509 Harbourfront / 510 Spadina streetcar stops 0.3 km away; the closest bus is the Esplanade-River (TTC bus). Distances are straight-line from the building.
What is the Walk Score of 25 The Esplanade?
Walk Score 99, Transit Score 100 and Bike Score 92. Most daily errands can be done on foot.
What restaurants and shops are near 25 The Esplanade?
Within about a 10-minute walk: Cafe Nicole (Restaurant), Whisk Bakery (Bakery), Tim Hortons (Coffee), Biff's Bistro (Restaurant), Cafe Landwer (Restaurant). The closest grocery store is No Frills, 0.2 km away.
Which parks are near 25 The Esplanade?
Berczy Park, 50 Queens Quay East Park, Toronto Sculpture Garden are the closest green spaces.
What is my unit at 25 The Esplanade 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 25 The Esplanade 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 25 The Esplanade, 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
More condo buildings in St Lawrence-East Bayfront-The Islands
- Harbour Plaza Residences88 & 100 Harbour St · median sold $632K
- Maple Leaf Square55 & 65 Bremner Blvd · median sold $610K
- Monde Condominiums12 Bonnycastle St · median sold $645K
- One York Quay77 & 99 Harbour Square · median sold $858K
- Pier 2739 Queens Quay E · median sold $740K
- 33 Bay at Pinnacle Centre33 Bay St · median sold $560K
- New Times Square109 Front St E · median sold $530K
- Success Tower16 & 18 Harbour St · median sold $790K
© 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.