Parade is a 39-storey high-rise residential tower completed in 2011 by Concord Adex, housing 835 units across a mix of one-, two-, and three-bedroom layouts. The building is known for its comprehensive amenity suite, which includes a rooftop deck with skyline views, a full fitness centre with gym and yoga studio, indoor pool and sauna, squash court, tennis room, media room, billiards room, and guest suites. The 24-hour concierge staff provide additional services typical of a full-service residential tower. The building's scale and location make it one of the major residential anchors in Cityplace, appealing to both owner-occupants and investors.

Parade is located in Waterfront Communities C1, a mixed-use neighbourhood along Toronto's waterfront that's undergone significant development since the early 2000s. The building is directly adjacent to the Gardiner Expressway and is connected to the PATH system, which provides climate-controlled access to the downtown core, making winter commutes manageable. Union Station is a short walk away, offering TTC subway service, GO Transit regional connections, and VIA Rail access. The neighbourhood includes shops, restaurants, and waterfront parks nearby. St. Lawrence and the St. Lawrence Market area are within walking distance, providing local amenities and character. The location suits professionals working downtown and those who value proximity to transit and urban services.

Units at Parade range from compact studios to spacious three-bedroom layouts, with an average size around 750 square feet for active listings. The building attracts both long-term residents and investors due to its strong rental history and management infrastructure. Prospective buyers should factor in condo maintenance fees, which are typical for a full-service building of this scale with numerous amenities and 24-hour concierge. The rental market is active, with units typically leasing quickly in this downtown location. Renters should expect to find well-maintained, modern units with good storage and finishes reflecting a 2011 build standard. Prospective residents should confirm pet policies, parking availability and costs, and any reserve fund contributions when considering the building.