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Pier 27
Pier 27
M5E0A5
11
ACTIVE
LISTINGS
$1.4M
AVG SALE
PRICE
19
AVG DAYS ON
MARKET
About Pier 27
Pier 27 is a 35-storey high-rise residential tower completed in 2020 by Cityzen Development Corporation and Fernbrook Homes. Located in Toronto's Waterfront Communities at M5E 0A5, this 336-unit building sits at the heart of the city's waterfront revival. With current listings ranging from $679,990 to $2.3M for sale and rental units averaging $3,293 per month, Pier 27 serves a broad market of downtown buyers and renters seeking modern waterfront living.
Pier 27 occupies prime real estate in the Toronto waterfront, steps from the Harbourfront and close to the St. Lawrence neighbourhood. The location offers excellent transit access via the Distillery Loop streetcar and nearby subway connections. This area appeals to professionals, young families, and empty-nesters who want walkable urban living with waterfront parks, restaurants, and cultural venues on their doorstep.
Frequently asked questions
What type of building is Pier 27?
Pier 27 is a contemporary 35-storey high-rise completed in 2020 and developed by Cityzen Development Corporation and Fernbrook Homes. The building contains 336 units across a range of layouts, primarily one and two-bedroom floor plans that average around 831 square feet. As a newer construction, the tower features modern systems, updated finishes, and building amenities typical of waterfront development. The building is well-suited for condo living and attracts both owner-occupiers and investors looking for rental income in a high-demand downtown core location.
What's the neighbourhood like around Pier 27?
Pier 27 sits in the Waterfront Communities in the M5E postal area, one of Toronto's most desirable residential neighbourhoods. You're walking distance to the Toronto Harbourfront, which offers parks, trails, cultural institutions, and year-round events. The St. Lawrence neighbourhood is nearby with its historic market, independent shops, and restaurants. Transit is strong here, with streetcar service and proximity to subway stations making it easy to reach other parts of the city. The area has experienced significant residential growth over the past decade, drawing young professionals, families, and people who prioritize walkability and waterfront access.
What should buyers and renters know about Pier 27?
Current listings show units ranging from $679,990 to $2.3M, reflecting a mix of one and two-bedroom layouts with an average size of around 831 square feet. Rental units average $3,293 per month, making this a pricier segment of the market. When evaluating units here, consider your lifestyle priorities: do you value waterfront access and urban walkability over space and yard? Maintenance fees are an important factor in condo ownership and should be reviewed carefully. Ask about building amenities, pet policies if relevant, parking availability, and your proximity to transit. The 2020 construction date means warranties may still apply to structural and major mechanical systems, which is a benefit of newer buildings.
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For Sale 7 For Rent 4
Building details
TypeHigh-rise
Year built2020
Storeys35
Total units336
DeveloperCityzen Development Corporation and Fernbrook Homes
Postal code
M5E 0A5