Every short-term rental in Toronto has to be registered with the City, and the host has to live there — it’s a principal-residence rule, with a 180-night annual cap. So when a condo building racks up hundreds of registered Airbnb units, that tells you something real about what living there is actually like: the elevator traffic, the lobby churn, the guests in the amenities, the wear on the building.

We went through the registration numbers and ranked the Toronto condo buildings with the most registered Airbnb units. The ranking is by unit count, and for each building we also show the share of the building those units represent — because 150 Airbnbs in a 900-unit complex is a very different building from 150 in a 400-unit one.

Whether you’re an investor hunting for an Airbnb-friendly building or a buyer who wants to actually live in your home, this is the list that matters.

The Top 10 at a Glance

10. Atlantis at Waterpark City — 231 Fort York Boulevard

73 registered Airbnb units — 12% of the building.

The mildest entry on this list, and the only one where Airbnbs are a background presence rather than a defining feature. Atlantis is the taller of the two Waterpark City towers on Fort York Boulevard, in the Fort York neighbourhood west of Bathurst. At 12%, roughly one unit in eight is registered — you’ll see guests around the amenities in summer, but residents still run this building.

9. Burano on Bay — 832 Bay Street

74 registered Airbnb units — 15% of the building.

Lanterra’s 50-storey Italian-inspired tower at Bay and College, finished in 2012 with 486 units, built over the heritage McLaughlin Motor Car showroom facade. The location does the work here: Queen’s Park, the hospitals, U of T and College station are all a short walk, which is exactly the guest profile — visiting professionals and medical stays, not party traffic. 74 registered units in a 486-unit building keeps the mix mostly residential.

8. Yorkville Plaza — 155 Yorkville Avenue

131 registered Airbnb units — 25% of the building. RateTheCondo rating: 5/10.

Camrost-Felcorp’s conversion of the old Four Seasons hotel into Yorkville Plaza, and the hotel DNA never really left: the building allows Airbnb, so there’s a constant churn of short-term guests alongside the student population. One in four units is registered. The amenity program is hotel-grade — indoor pool, gym, 24-hour concierge — and the Yorkville location is genuinely excellent. It’s the rest of the package that lands it at 5/10. Full review →

7. Neptune Condos — 215 & 209 Fort York Boulevard

140 registered Airbnb units — 16% of the two buildings combined.

The Neptune I and II towers at Waterpark City, down the street from Atlantis at #10 — which makes Fort York Boulevard one of the most Airbnb-dense streets in the city, with over 200 registered units between these three towers alone. The draw is obvious: the lake, the Martin Goodman Trail, BMO Field and the Exhibition grounds are all right there, and downtown is a streetcar ride east. At 16% the Neptune towers stay majority-resident, but summer weekends feel it.

6. Maple Leaf Square — 55 & 65 Bremner Boulevard

150 registered Airbnb units — 17% of the two buildings combined.

Lanterra’s two towers above the Maple Leaf Square podium, directly beside Scotiabank Arena — 872 units in total, completed in 2010, with a hotel in the same complex. This is event-driven Airbnb demand in its purest form: every Leafs game, Raptors game and arena concert sends a wave of guests through the lobby. The percentage is mid-pack only because the complex is enormous; in absolute terms, 150 registered units is a small hotel running inside a condo.

5. Peter Street Condos — 101 Peter Street

157 registered Airbnb units — 36% of the building.

The highest share of any single-address building on this list until the top three: more than one in three units at Peter and Adelaide is registered for short-term rental. This is the heart of the Entertainment District — TIFF, the theatres, King West nightlife — so the guest traffic is year-round, not seasonal. If you’re buying here to live, understand what you’re buying into: this building functions substantially as a hotel, whatever the sign outside says.

4. Dundas Square Gardens — 251 Jarvis Street

265 registered Airbnb units — 27% of the building. RateTheCondo rating: 2/10.

The lowest-rated building on this list, and it isn’t close. Easton’s Group’s 2020 tower at Jarvis and Dundas has 968 units, and 265 of them are registered Airbnbs — on top of an operations record that includes no heat in January 2025, frequent fire alarms, elevators often down, and parking break-ins. A building this size with this much turnover needs strong management to work; this one has the opposite. The outdoor pool and gym are real, but they don’t move the number. Full review →

3. 300 Front Street West & 20 John Street

280 registered Airbnb units — 40% of the buildings combined.

The highest percentage on the entire list. Tridel’s 300 Front tower and its 20 John Street companion sit directly across from the CN Tower and the Rogers Centre, with a rooftop pool looking at both — and they have been Toronto’s flagship Airbnb address since short-term rentals began. Four in ten units registered means the hotel function isn’t a side hustle here; it’s the building’s main industry. Guests get one of the best locations in the city. Residents get everything that comes with that.

2. ICE Condos — 12 & 14 York Street

322 registered Airbnb units — 23% of the two buildings combined. RateTheCondo rating: 4/10.

The infamous ICE Condos. Two Lanterra towers at York and Bremner, 1,343 units in total, with a direct PATH connection and Scotiabank Arena, Union Station and the Rogers Centre all within a few minutes’ walk — which is precisely why 322 units are registered. Resident feedback has frequently cited elevator delays and the high turnover associated with short-term stays, and at this scale those aren’t complaints, they’re physics: a building this big, with this many guests, cannot run like a home. The location and the views from select suites are excellent. The living experience lands at 4/10. Full review →

1. Parade Condos — 151 Dan Leckie Way & 21 Ice Boat Terrace

324 registered Airbnb units — 35% of the two buildings combined.

Number one. Concord’s Parade I and II at CityPlace take the crown with 324 registered short-term rental units — more than any other condo address in Toronto, and over a third of the two buildings. CityPlace’s density, the Rogers Centre and the lake at the door, and a huge stock of small investor-sized units made this outcome almost inevitable. If you want the epicentre of Toronto’s Airbnb economy, this is it. If you want a quiet residential building, you now know exactly where not to look.

What a High Airbnb Count Actually Means for Residents

The pattern across this list is consistent. Buildings with heavy short-term rental populations share the same friction points: elevators that can’t keep up at check-in and check-out peaks, amenities treated like hotel facilities because, functionally, they are, more noise complaints, more security incidents, and faster wear on common elements — which eventually shows up in maintenance fees everyone pays, guests or not.

None of that matters if you’re buying as an investor in a building that permits it — in that case this list is a shortlist, and the buildings at the top have the registration numbers to prove the demand is real. It matters a great deal if you’re buying a home. The percentage column is the one to read: once a building passes roughly a quarter registered, the character of the building changes, and no concierge policy changes it back.

Toronto Airbnb Condo FAQ

Which Toronto condo has the most Airbnb units?

The Parade condos at CityPlace — 151 Dan Leckie Way and 21 Ice Boat Terrace — with 324 registered short-term rental units between the two buildings, about 35% of all units. ICE Condos (12 & 14 York Street) is a close second with 322.

Which Toronto condo has the highest percentage of Airbnb units?

300 Front Street West and 20 John Street, at 40% of units registered — the highest share of any building on this list.

Are Airbnbs legal in Toronto condos?

Short-term rentals in Toronto must be registered with the City, the unit must be the host’s principal residence, and rentals are capped at 180 nights a year. On top of the City rules, each condo corporation sets its own: some buildings ban short-term rentals entirely in their declaration or rules, and a city registration doesn’t override a building ban. Always check the status certificate before buying with Airbnb in mind.

Is a high Airbnb count bad for a condo building?

For investors, it’s proof of demand. For people who live in the building, a high count usually means more elevator traffic, more turnover, more noise and faster wear on amenities — which is why several buildings on this list carry low ratings in our reviews. The share of the building matters more than the raw count.

Get the Full List

This top 10 is only the peak — there are Airbnb-heavy buildings all across the city. If you’d like the full list of current Airbnb buildings in Toronto, or you’re weighing a purchase in any building on this list and want the honest picture first, get in touch or join the conversation in our community forum, where residents post what these buildings are actually like to live in.