M5V is a 35-storey high-rise residential tower with 305 units, built in 2012. The building represents the kind of mid-sized waterfront development that defines Toronto's condo market. As a high-rise, it typically offers amenities you'd expect at scale: fitness facilities, lobby services, and common areas. The developer, TAS Design Build and Lifetime Urban Development, built a structure designed for both owner-occupancy and rental tenancy. Current listings show an average unit size of around 933 square feet, with a mix of bedroom configurations. When considering the building, ask about maintenance fees, pet policies, and what amenities are included in your monthly costs. These details vary and are important to understand before you commit.

M5V sits in Waterfront Communities C1, one of Toronto's most connected urban areas. You're within walking distance of the Harbourfront, downtown shopping, and major employment hubs. The postal code M5V 1K5 places you near King, Bay, and Queen streets, with streetcar and subway access nearby. Walkability is high, with grocery stores, restaurants, and cultural venues within a few blocks. The neighbourhood draws urban professionals, families, and anyone prioritising city amenities and waterfront access over quiet residential streets. Public transit connections mean you're not car-dependent, though parking availability and costs are worth investigating when you're looking at a specific unit.

If you're buying or renting at M5V, start by understanding the typical unit mix. Current listings show average bedroom counts around 2.3, with units averaging 933 square feet. This translates to mostly two-bedroom layouts, some one-bedrooms, and occasional larger units. For renters, current monthly costs around $2,988 give you a baseline, though individual units will vary by size and amenity. For buyers, the $548,000 to $1.3M range shows there's diversity in the inventory. Ask about monthly maintenance fees, what's covered in them, and whether parking is included or an add-on cost. Review the building's reserve fund status and any recent or upcoming special assessments. If pet ownership matters, confirm the building's pet policy before you proceed. Finally, inspect the building's condition and common areas during a showing, and speak to current residents about their experience.