Luna is a 43-storey high-rise residential tower built in 2010 by Concord Adex in the Waterfront Communities neighbourhood. The building houses predominantly one and two-bedroom units, with an average size around 650 square feet, making it well-suited for singles, couples, and small families. The tower features a shared outdoor terrace that residents can access, providing green space and views from a high-rise setting. Its location at Cityplace positions it as a contemporary downtown address with a strong focus on urban living and waterfront access.

Luna sits in the Waterfront Communities, one of Toronto's most desirable downtown areas, with immediate access to the waterfront trails and parks. The building is well-connected by transit: the Spadina streetcar runs nearby, and Union Station is a short walk away, offering GO Transit and subway links. Locally, you'll find the St. Lawrence neighbourhood to the east, the Entertainment District to the west, and a mix of restaurants, cafes, and retail along Queens Quay and nearby streets. This location appeals to people who want to walk to work, access cultural venues, and enjoy waterfront living without needing a car.

Units in Luna typically range from one to two bedrooms and average around 650 square feet, offering functional layouts for downtown living. When evaluating a unit here, pay attention to which direction it faces, as this affects views and natural light in a high-rise setting. Ask about condo fees, which cover building maintenance, access to the shared outdoor terrace, and building operations. Renters should confirm whether pets are allowed, as policies vary by unit or owner. The building's age means some units may have been updated while others retain original finishes, so inspect finishes and appliances carefully. Given the waterfront location and downtown position, resale value and rental demand tend to be strong in this building.