Theatre Park is a 47-storey high-rise residential tower completed in 2015. The building was developed by Lamb Development Corp, Harhay Developments, and Niche Development, and contains 234 units across a range of layouts. As a newer building managed by Icon Property Management, it benefits from modern systems and maintenance protocols. The tower is built to contemporary construction standards and serves as a significant residential presence in the Waterfront Communities neighbourhood. Most units range from one to three bedrooms, with an average size around 875 square feet, making it suitable for a mix of household types.

Theatre Park is located in the Waterfront Communities, one of Toronto's most dynamic and accessible areas. The building is a short walk from the St. Lawrence subway station on the Red Line, providing direct service downtown and north to the city. Multiple streetcar lines run nearby, connecting residents to the Entertainment District, Distillery District, and beyond. The neighborhood is highly walkable with abundant restaurants, cafes, and shops within a few blocks. The Waterfront Trail and lakefront parks are accessible, offering recreation space and green corridors. This area appeals to professionals, young families, and anyone seeking a car-optional lifestyle with strong transit connections.

Units in Theatre Park typically range from one to three bedrooms with an average size of 875 square feet, offering flexibility for different household needs. Current listings show a healthy mix of one and two-bedroom options, reflecting the building's varied stock. When evaluating a unit, consider the floor level (higher floors offer water or city views), natural light orientation, and layout efficiency. As a well-maintained high-rise managed by Icon Property Management, the building carries standard maintenance fees and follows building policies on pets and guest parking. Renters should ask about lease terms and utilities included; buyers should review the property management records, reserve fund studies, and any special assessments. The waterfront location commands a premium, so factor in the lifestyle benefits and transit access when assessing value.