Time and Space Condos is a 29-storey high-rise residential tower built by Pemberton Group and completed in 2021. The building contains 1,586 units in total, making it a substantial mixed-income community. Most units are one and two-bedroom layouts averaging around 500 square feet, designed for both owner-occupancy and rental. The building is modern construction with amenities typical of contemporary high-rise condos, including common areas and building services. Its scale and age mean it's a relatively newer addition to the waterfront landscape, built to current building codes and energy standards.

Time and Space Condos is in the Waterfront Communities C8 neighbourhood in downtown Toronto's M5A postal area. The building sits within walking distance of the Toronto Harbourfront, offering lakefront access and recreational paths. The St. Lawrence neighbourhood, with its historic market and diverse dining, is just north. Transit access includes streetcar service and proximity to downtown Toronto's main employment corridors. The Distillery District and the Esplanade are nearby for culture and weekend activities. The area is highly walkable with grocery stores, shops, and restaurants distributed throughout, making car ownership optional for most residents.

For renters, Time and Space offers flexibility across unit sizes, with current listings averaging $2,500 per month for the active rental pool. The building's scale means a diverse resident base and established management systems. When considering purchase, typical units are one or two-bedroom layouts around 500 square feet, which suits professionals, young families, and downsizers. Ask about maintenance fees, pet policy, and parking options, as these vary and affect long-term affordability. The waterfront location appeals to those valuing lakefront access, but also means higher property costs than inland alternatives. Since the building is relatively new (completed 2021), structural and mechanical systems are still under warranty, which reduces unexpected repair costs in the near term.