The Wave is a 13-storey mid-rise condominium completed in 2007 by Daniels Corporation. With 185 units, it's a substantial residential community in New Toronto that has established itself as a stable presence in the neighbourhood over the past 15+ years. The building was designed for the mid-rise market segment, offering a moderate density that balances urban living with a quieter waterfront-adjacent setting. As a Daniels Corporation development, it reflects the builder's approach to mid-market residential design and construction standards typical of that era. The building continues to attract residents seeking established infrastructure and community amenities without the scale of larger high-rises.

New Toronto is located in the M8V postal area on the western waterfront of the city, with direct access to Lake Ontario and its parks and trails. The Dundas West streetcar line serves the neighbourhood, offering convenient connections to downtown Toronto and other parts of the city. The area is walkable for daily errands, with local restaurants, shops, and services clustered along main streets. New Toronto has a quieter, more residential character than downtown neighbourhoods, making it appealing to those who want to balance city access with suburban calm. Cycling infrastructure and waterfront pathways add to the appeal for active residents, while the lakeside location provides ongoing recreational opportunities.

Units at The Wave average around 700 square feet and typically feature 2 bedrooms, making them suitable for young professionals, couples, and small families. Prospective residents should ask about current maintenance fees, which affect the true cost of ownership and renting, and confirm the building's pet policy if that matters to you. As a 2007 mid-rise, the building has had time to establish routines for upkeep and special assessments, so reviewing the building's reserve fund and recent spending decisions is worthwhile. Renters should understand lease terms and whether utilities are included in the monthly cost, while buyers benefit from checking recent sale histories and comparable properties in the immediate area. The waterfront proximity and transit access are genuine advantages, but visiting at different times of day to get a feel for the neighbourhood traffic and community vibe is always smart.