Yes, with restrictions.
ICE Condos at 12 and 14 York Street allows short-term rentals with nightly stays and no landlord commission, but Airbnb guests cannot use the amenities, and the building has pet restrictions.
Last verified November 3, 2026 by Park Place PropertiesICE Condos is the best-known short-term rental building in Toronto. The two towers at 12 and 14 York Street sit between Union Station and the lake, a short walk from Scotiabank Arena, the Rogers Centre and the CN Tower. Between them they have 340 licences, more than any other building we cover.
The building's management has tightened its short-term rental rules over the years, and guests are not allowed to use the amenities, which are some of the best in the city. The good news for owners is that ICE has dropped the 15% landlord commission it used to charge on short-term rent, so the full Airbnb payout now goes to the owner.
While the commission was in place, we marked nightly rates up by about 15% to pass it on to guests, which made ICE listings less competitive than commission-free buildings. With it gone, ICE units can be priced head to head with 300 Front and Maple Leaf Square. If you own here and raised your rates to cover the fee, it is worth revisiting your pricing.
| Address | Licences | Rank in Toronto |
|---|---|---|
| 14 York St | 195 | #4 |
| 12 York St | 145 | #7 |
Source: City of Toronto short-term rental registrations open data. Each licence is one registered operator. Ranks count every address on the register, including houses.
These projections come from our revenue analysis for ICE Condos (12 & 14 York St), based on market comparables and booking data from the properties we manage. "Net" is what reaches the owner after the Airbnb host fee and our management commission.
| Unit | Nightly Rate (Low / Avg / Peak) | Net Monthly (Avg) | Net Monthly (Peak) | Net Annual* | Furnished Monthly Rent |
|---|---|---|---|---|---|
| Studio | $139.44 / $162.17 / $218.19 | $3,076.69 | $4,626.50 | $29,534.82 | $2,150.00 |
| 1 Bed + 1 Bath | $154.94 / $180.19 / $242.44 | $3,418.56 | $5,140.70 | $32,485.95 | $2,300.00 |
| 1 Bed + Den + 1 Bath | $160.25 / $203.19 / $263.31 | $3,854.92 | $5,583.23 | $36,284.44 | $2,500.00 |
| 2 Bed + 1 Bath | $226.50 / $320.19 / $422.44 | $6,074.64 | $8,957.42 | $53,124.51 | $2,850.00 |
| 2 Bed + 2 Bath | $262.38 / $346.69 / $436.63 | $6,577.40 | $9,258.30 | $59,433.82 | $3,600.00 |
| 3 Bed + 2 Bath | $272.67 / $328.75 / $406.75 | $6,237.05 | $8,624.73 | $43,658.04 | – |
*Net annual assumes 85% average occupancy and the City's 180-night yearly cap: 7 months of short-term stays plus 5 months of furnished 28+ night rentals. All figures in CAD.
A 1 bed + 1 bath at ICE Condos (12 & 14 York St) averages about $180 a night and nets around $3,419 a month as a short-term rental. The same unit rented furnished for 28+ nights brings in about $2,300 a month before fees, which is why we only switch to monthly stays once the 180-night cap is used up.
ICE has the most licences of any building on this list, so competition is stiff. Now that the landlord commission is gone, sharp pricing around events at Scotiabank Arena and the Rogers Centre is how listings here stand out.
Download the full revenue analysis for ICE Condos (12 & 14 York St) (PDF) or see how ICE Condos (12 & 14 York St) compares in our ranking of the best Airbnb friendly condos in Toronto.
Rooftop Deck, Concierge, Party Room, Jacuzzi, Meeting Room, Sauna, Security Guard, Security System, Spa, Yoga Studio, FibreStream Internet, Indoor Pool, Gym, BBQ, Guest Suites, Media Room, Indoor Child Play Area, Beanfield Fibre
From the check-in guides we use for the units we manage here. In short: Call the concierge and sign in with photo ID.
| Destination | Walk | Why Guests Go |
|---|---|---|
| Scotiabank Arena | 5 min | Leafs, Raptors and arena concerts |
| Metro Toronto Convention Centre (South Building) | 5 min | Conventions, trade shows and conferences |
| Union Station | 7 min | UP Express to Pearson, GO Transit and the subway |
| CN Tower | 7 min | Toronto's top tourist attraction |
| Ripley's Aquarium | 7 min | Family-friendly attraction |
| Rogers Centre | 10 min | Blue Jays games and stadium concerts |
Approximate walking times from OpenStreetMap routing.
| Type | Place | Details |
|---|---|---|
| Grocery | Longo's | Across the street from the building |
Direct access to Union Station and the UP Express from Pearson.
Leafs and Raptors games and concerts at Scotiabank Arena.
Blue Jays games and conventions at the Rogers Centre and the Metro Toronto Convention Centre.
Tourists visiting the CN Tower, Ripley's Aquarium and the waterfront.
| Developer | Lanterra Developments and Cadillac Fairview |
| Architect | architectsAlliance |
| Height | 57 and 67 storeys |
| Suites | About 1,343 across two towers |
| Neighbourhood | South Core, Downtown Toronto |
Even in a building that allows Airbnb, every host in Toronto has to follow the City's short-term rental bylaw:
Read our guides on getting a Toronto short-term rental licence and Toronto's Airbnb rules. Always confirm the current rules with the building's property manager before you buy.
Yes, with restrictions. ICE Condos at 12 and 14 York Street allows short-term rentals with nightly stays and no landlord commission, but Airbnb guests cannot use the amenities, and the building has pet restrictions.
ICE Condos (12 & 14 York St) has 340 short-term rental licences on the City of Toronto register as of November 2026, up from 283 the year before.
No. There is no landlord commission, so the full Airbnb payout goes to the owner.
No. Short-term rental guests are not allowed to use the building amenities.
Based on our revenue analysis, a 1 bed + 1 bath nets about $3,419 a month on average as a short-term rental, and a 2 bed + 2 bath about $6,577 a month, after Airbnb fees and management commission.
Guests call the concierge from the lobby buzzer phone, then sign in at the front desk with photo ID. The concierge then gives them access to the elevators.
Only if the unit comes with a parking spot. The garage entrance is on Grand Trunk Crescent.
Not as a short-term rental. The City of Toronto only allows short-term rentals in your principal residence, and entire-home rentals are capped at 180 nights a year. Stays of 28 nights or more are long-term rentals and are not covered by the short-term rental rules.
| Building | STR Licences | Landlord Commission | Pets | Net Monthly From |
|---|---|---|---|---|
| 20 John & 300 Front Street West | 298 | No | No restrictions | $4,595.97 |
| Maple Leaf Square (55 & 65 Bremner Blvd) | 150 | No | No restrictions | $4,263.96 |
| 560 Front Street West (Reve) | 41 | No | Yes | $3,917.72 |
| 11 Yorkville | 37 | No | No restrictions | $3,402.19 |
| 112 George Street (Vu) | 12 | Yes | $6,697.12 | |
| House of Assembly (181 Sterling Rd) | 10 | No | No restrictions | $4,728.09 |
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