Toronto Condos can be a great investment for short-term rentals, and with the current state of Toronto’s real estate market, especially traditional rental rates and negative appreciation in the condo sector, STR’s are the only way to achieve positive cash flow.
We can't stress enough how important it is to buy the right property in the right building for short-term rentals. Four things to keep in mind when purchasing a condo for Airbnb rentals are:
Ensure the building allows short-term rentals (nightly stays, not 30 or 90 day minimums)
The building is located in a high demand area for guests (near arenas, convention centres or close to transportation)
The unit itself is unique or can be upgraded to stand out against the competition; simple Airbnb design tips can help elevate your properties earnings
Does the building have amenities and are these amenities available to guests (pool, sauana, gym, free parking)
A unique property in an in demand location will protect your investment from market fluctuations, seasonality, competition, and new inventory entering the short-term rental market. City of Toronto bylaws limiting short term rentals also reduces available inventory, making demand and revenues higher for your investment.
To help you on your short-term rental buying journey, Park Place Properties compiled a list of the best condos that allow Airbnb in Toronto.
We've ranked the best buildings based on their potential earning income, which takes into account location, amenities, and booking data from over 30,000 real bookings we have in our system.
We also provide current revenue projections for each building based on the unit size, ranging from 1 bedroom to 3 bedrooms so you can see how each unit type will perform over a given year in each building.
20 John & 300 Front Street West has stood out as the top Airbnb building in Toronto since the introduction of short-term rentals.
Loved for its great amenities and prime location in the dowtown core, it is around the corner from major attractions like the Rogers Centre, MTCC, the Entertainment District, the Financial District, and Union Station. Location has and will always be a factor in how profitable your short-term rental investment will be, especially considering guests who are travelling for work or vacation.
The building also has fantastic amenities available to all guests, includes a rooftop pool, no landlord commission and the added bonus of free parking (hint, putting free parking in your Airbnb listing title will increase your listing clicks and bookings). Rented short term, 20 John & 300 Front provide the highest return on your investment.
Building Amenities - Open to all guests
Concierge, Outdoor Pool, Party Room, Rooftop Deck, Gym, BBQs, Free Parking, Sauna, Jacuzzi
Pet Restrictions
No
Landlord Commission
No
Total Airbnb Licenses (2025)
297
Download the full revenue analysis for 300 Front Street West, Toronto
Location location location… 55/65 Bremner is perfectly located in Maple Leaf Square making it a top destination for vacationers who are here for concerts and sporting events. It also offers family friendly destinations close by including the Scotia Bank Arena, CN Tower or Ripley's Aquarium, and is steps from the Harbourfront ferry to take you to the Toronto Island.
These local attractions are what guests look for when booking a short-term rental, being in a premium location protects your investment from competition and fluctuations in demand. Also, they have free guest parking, no land lord commissions, and amenities available to all guests. Rented short-term, 55 & 65 Bremner offers similar returns as 20 John & 300 Front.
Building Amenities - Open to all guests
Fibre Internet, Business Centre, Concierge, Meeting Room, Party Room, Rooftop Deck, Sauna, Security Guard, Security System, Indoor Pool, Outdoor Pool, Games Room, Jacuzzi, Gym, Steam Room, Indoor Pool, BBQ, Free Parking
Pet Restrictions
No
Landlord Commission
No
Total Airbnb Licenses (2025)
121
Download the full revenue analysis for 55/65 Bremner, Toronto
Like many of the other buildings mentioned, location plays a key factor in the attractiveness of owning a short-term rental in 560 Front Street West. The demographic in this building skews a bit younger, as it is located steps from Toronto's iconic Entertainment District and a quick street car to the Molson Amp which hosts concerts all week during the summer.
The only issue with this building is that Airbnb guests are not allowed to use the parking, which makes it a bit of a hassle. It is still a premium building compiled of young professionals which provides an upscale ambiance and is a great investment for mixed use, meaning if you decided to live in your property, you would not be disappointed.
Building Amenities - NOT open for guests
Concierge, Media Room, Meeting Room, Party Room, Rooftop Deck, Sauna, Gym, Yoga Studio, Billiards, Outdoor Patio, Dining Room, On-Site Laundry
Pet Restrictions
Yes
Landlord Commission
No
Total Airbnb Licenses (2025)
34
Download the full revenue analysis for 560 Front St West, Toronto
Located in Old Downtown, this building is perfectly situated in a quiet area but steps away from all the action in the west and east end of Toronto, allowing guests access to the city but a quieter place to relax when not exploring.
Close to the Eaton Centre and the St. Lawrence Market, this building is perfect for guests who enjoy shopping or want to have farm-to-table meats and foods during thier visit. Additionally, the market has weekly pop-up shops where you can buy locally made clothes, jewelry and other great items, perfect for gifts or personal use.
112 George is a low to mid rise building off the beaten path which makes it great for mixed use as a home owner and investor. You get the value of proximity to great city amenities with the community feel of a smaller building.
Amenities - Open to all guests
Fibre Internet, Concierge, Guest Suites, Gym, Meeting Room, Parking Garage, Party Room, Rooftop Deck, Visitor Parking, Media Room, Rec Room
Pet Restrictions
Yes
Total Airbnb Licenses (2025)
10
Download the full revenue analysis for 112 George St S & 112 George Street, Toronto
The most iconic short-term rental buildings in Toronto. We could not write an article about short-term rental investing in Toronto and exclude Ice Towers.
Far from its glory days, Ice Towers has seen a major overhaul in its management and building regulations surrounding Airbnb, making it more controlled, but also introducing a landlord commission fee, impacting investors' direct bottom line.
Landlord commission is a direct charge taken from Airbnb paid to the building, at a rate of 15% of the total rent. To balance this out, we mark our nightly rates up by 15% to pass this cost on to the guest. This does increase the overall nightly rate, and makes your unit less competitive against listings in other buildings that don't have a landlord comission. If you already own an investment in this building, we suggest marking up your nightly rateto help offset the added expense.
Another major drawback to the building is that STR guests are not allowed to use the amenities, which is a shame because Ice has some of the best amenities in the city.
Building Amenities - Not open to guests
Rooftop Deck, Concierge, Public Transit (GO), 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
Pet Restriction
Yes
Landlord Commission
15% of total rent
Total Airbnb Licenses (2025)
283
Download the full revenue analysis for 12 & 14 York Street, Toronto
Here is a short list of other notable condos in Toronto that are Airbnb friendly. We currently manage units in these buildings first hand, and can recommend them as a solid investment depending on your goals. Learn more about Park Place Properties’ Toronto AirBNB Property Management services here.
We also have an up to date article that shows the top 80 buildings in Toronto and whether or not they allow Airbnb. *Always remember to call the building property manager before making a purchase.
