About Atlantis At Waterpark City
Atlantis at Waterpark City is a 29-storey high-rise in Toronto's Niagara neighbourhood, built in 2007 by Lanterra Developments and Lifetime Developments. With 577 units, it's a significant presence in the area, offering a mix of one and two-bedroom homes. Current listings range from $459,900 to $699,000, with rental options averaging $2,450 per month, making it accessible to both buyers and renters looking for downtown proximity with waterfront character.
Located in the Niagara corridor near King West and Simcoe Street, this building sits steps from the Toronto waterfront and the Distillery District. Streetcar access via the King Street line connects you directly to downtown, while the area is walkable to restaurants, galleries, and entertainment. It's popular with young professionals and couples seeking an urban lifestyle without the premium price tag of adjacent neighbourhoods.
Frequently asked questions
What kind of building is Atlantis at Waterpark City?
Atlantis is a 29-storey high-rise residential tower completed in 2007, part of the larger Waterpark City development. The building contains 577 units, making it a substantial community within the neighbourhood. As a high-rise, it offers typical condo amenities such as a fitness centre, common areas, and professional management. The building was developed by Lanterra Developments and Lifetime Developments, both experienced Toronto builders. Most units are one and two-bedroom layouts, with an average size around 586 square feet, suited to individuals and small families. The building maintains standard maintenance fees and follows standard condo pet policies, which you should verify with the property manager when considering a purchase or lease.
What's the neighbourhood like, and how do I get around?
Atlantis sits in the Niagara neighbourhood, a historic area bounded by King Street to the south and stretching toward the waterfront. King Street offers direct streetcar access, connecting you east to St. Lawrence and west toward Bathurst and beyond. The area is highly walkable, with independent restaurants, craft breweries, vintage shops, and art galleries clustered along nearby streets. You're a 10-minute walk to the Toronto waterfront, perfect for running, cycling, or weekend exploration. The Distillery District and St. Lawrence Market are both within reach on foot or a quick transit ride. This neighbourhood attracts young professionals, creative workers, and established residents who value urban energy without high-rise isolation.
What should I consider if I'm thinking about buying or renting here?
Units typically run one to two bedrooms at around 586 square feet on average, so you're looking at a compact urban layout. Check the specific unit's layout and whether it faces the street or interior courtyard, as this affects light and noise. Verify maintenance fees upfront, as they vary by unit size and any recent building assessments. If you have pets, confirm the building's pet policy before committing. Current listings range from the low $400,000s to high $600,000s, reflecting the neighbourhood's accessibility relative to downtown. For renters, monthly averages around $2,450 are competitive for the area. Visit during different times of day to get a feel for street noise and activity level, and ask the condo board about any planned upgrades or assessments that could affect future costs.