Toronto has a dynamic real estate market, making it a prime location for short-term rentals. Airbnb-friendly properties in Toronto are highly sought after, especially those in vibrant neighbourhoods and close to major attractions. 

Below is a guide to Airbnb-friendly properties. However, be sure to stay current on changing regulations, policies and local developments that impact the potential for an Airbnb business.

Downtown Toronto

300 Front Street West

Located in the Entertainment District, this building is a favourite among tourists. Its proximity to the CN Tower, Rogers Centre, and Ripley’s Aquarium makes it an ideal choice for short-term stays. The luxurious amenities, including a rooftop pool, make it appealing to high-end renters.

101 Peter Street

In the heart of downtown, this address offers modern units with stunning city views. The surrounding area is brimming with restaurants, bars, and cultural spots, making it perfect for guests who want to experience Toronto’s nightlife and culinary scene.

210 Victoria Street

Close to Yonge-Dundas Square, this location provides easy access to major shopping destinations like the Eaton Centre. It’s an excellent spot for visitors looking to explore the core of Toronto.

10 Capreol Court

This building in CityPlace provides a peaceful retreat while still being near the hustle and bustle of downtown. It offers easy access to parks and waterfront paths, ideal for guests who enjoy outdoor activities.

15 & 21 Iceboat Terrace

Also in CityPlace, these properties are a short walk from the lakefront and Fort York. They are popular among families and business travellers due to their spacious units and convenient location.

35 Mariner Terrace

Situated near the Rogers Centre and waterfront, this building offers ample amenities, including a large gym and indoor pool. Its proximity to Union Station makes it a practical choice for commuters.

120 Homewood Avenue

Located in the Church and Wellesley neighbourhood, this property attracts guests looking for a mix of vibrant culture and calm residential vibes. It’s close to Ryerson University and the College Street shopping district.

168 & 140 Simcoe Street

These properties are perfect for those seeking a balance between the Financial District and the Entertainment District. They are steps away from the Four Seasons Centre for the Performing Arts and Osgoode Hall.

199 Richmond Street West

Found in the heart of the Entertainment District, this location is ideal for theatre enthusiasts. It’s a short walk from major performance venues and a variety of dining options.

55 & 65 Bremner Blvd.

Situated near the Scotiabank Arena and the waterfront, these buildings are perfect for sports fans and concert-goers. The condos offer spectacular views of the lake and city skyline.

Midtown and Uptown

75 & 85 Queens Wharf Blvd.

These properties provide a balance of residential tranquillity and downtown convenience. They are located near parks and community centers, making them suitable for longer stays and family visits.

50 Bruyeres Mews

A bit further from the core, this building offers a quieter environment while still being accessible to downtown attractions. It’s popular among those looking for a more residential feel.

209, 215, 219 & 231 Fort York Blvd.

Located in the Fort York neighbourhood, these addresses are close to the lake and historic sites. They appeal to history buffs and those who enjoy scenic walks along the waterfront.

8 Mercer Street

Situated in the Entertainment District, this property is steps away from the vibrant King West neighbourhood. It’s perfect for guests who want to be in the heart of the action.

38 & 151 Dan Leckie Way

These modern buildings in CityPlace offer great amenities and are near the waterfront, making them attractive for both leisure and business travellers.

12 & 14 York Street (ICE Condos)

Known for their distinctive design and a prime location near the CN Tower, these condos are highly desirable. They provide easy access to the financial district and major city landmarks.

8 Charlotte Street

Located near King and Spadina, this property is perfect for guests who want to explore Toronto’s trendy and vibrant King West area.

85 Bloor Street East

This building is situated in the upscale Yorkville neighbourhood, offering luxury and proximity to high-end shopping and dining options.

25 Lower Simcoe

Close to the waterfront and the Entertainment District, this address is ideal for visitors who want to explore both areas without having to travel far.

100 Harrison Garden Blvd

Located in North York, this property offers a suburban feel with easy access to downtown via the nearby subway. It’s suitable for guests looking for a quieter stay.

112 and 116 George St

These buildings are near St. Lawrence Market, a historic and vibrant area known for its food scene. They are great for visitors interested in culinary tourism.

20 Blue Jays Way

This address is perfect for baseball fans, as it is a stone’s throw from the Rogers Centre. It’s also close to many downtown attractions.

18 Yonge Street

Located near the waterfront and Union Station, this property is convenient for travellers who need quick access to transportation hubs.

15, 25 & 31 Greenview Ave

These North York properties are close to parks and provide a peaceful retreat from the city’s hustle. They are ideal for longer stays and those seeking a quieter environment.

188 Cumberland Street

Found in Yorkville, this luxury condo offers a high-end experience with access to the best shopping and dining in Toronto.

10 Northtown Way

This North York address provides spacious units and easy access to parks and community centers, making it ideal for families and longer-term guests.

181 Huron Street

Close to the University of Toronto, this property attracts students and academic visitors. It’s also near Kensington Market, known for its eclectic vibe and diverse food offerings.

386 & 388 Yonge St

These properties are part of the Aura complex, one of the tallest residential buildings in Canada. They offer stunning views and are located right in the downtown core.

155 Yorkville Ave

Located in Yorkville, this address is synonymous with luxury and exclusivity. It’s perfect for guests looking for a lavish stay close to premium shops and gourmet restaurants.

Key Considerations

For potential Airbnb hosts in Toronto, understanding local regulations and building-specific policies is crucial. Some condominiums have restrictions on short-term rentals, and the City of Toronto has its own regulations that must be adhered to. 

Ontario regulations limit Airbnb rentals to 180 nights per year. However, owners may choose to consider alternative income opportunities for these properties for the remainder of the year to provide continuous occupancy and steady revenue throughout.

Proper management and compliance with all rules ensure a successful and profitable short-term rental experience.

About the Author

Ben Ghebrezghi is the General Manager of Marco Property Management. He has a Business Administration and Management degree from the University of Guelph-Humber and is an accomplished property manager with experience in commercial, condominium, and residential real estate.

Marco Property Management offers over 20 years of property management experience, ensuring owners’ properties are cared for as if they were their own. Their extensive network and advanced platform provide seamless tenant placement, rent collection, and maintenance services. 
For owners interested in opportunities to supplement their Airbnb income, Marco Property Management manages longer stays and facilitates leases to their clients in the film industry for the rest of the year. They manage longer in beautifully furnished homes for 28 days or more but less than a year, ideal for the needs of executive relocations and the film industry while they work on a project. For exceptional accommodation solutions, contact Marco Property Management.