Pier 27 Phase II is a 14-storey mid-rise condominium comprising 305 units in total. The building is part of the larger Waterfront Communities C1 neighbourhood, which has undergone significant development over the past two decades. Its mid-rise scale fits within the evolving character of the waterfront, offering a mix of residential layouts that appeal to different household sizes and lifestyles. The building's structure and positioning reflect Toronto's ongoing waterfront revitalization, balancing density with public access to the lakefront.

Pier 27 Phase II occupies a prime location in the Waterfront Communities, with direct pedestrian access to Lake Ontario and the waterfront trail system. The St. Lawrence neighbourhood to the north provides historic charm, local shops, and dining options, while the Distillery District is within a short walk. The building is served by the Distillery Loop streetcar line and sits near St. Lawrence GO Station, connecting residents to Union Station and the broader GO Transit network. The area is highly walkable, with grocery stores, restaurants, and services concentrated within a few blocks.

Current listings show a wide range of unit types and sizes, with average bedrooms around 2.6 and typical units around 1,192 square feet, though the building contains everything from studios to larger family layouts. The price range from $749,000 to $2.4M reflects this diversity, so prospective buyers should clarify unit type, floor height, and view orientation when evaluating properties. Renters should inquire about lease terms, pet policies, and included utilities, as these vary across the 305-unit building. All buyers and renters should review the property status report or lease agreement, ask about maintenance fees, building amenities, and parking availability, since waterfront mid-rise living often involves different trade-offs than ground-level or suburban alternatives.