Pier 27 Condos Ph2 Condos in Toronto C08

39 Queens Quay E, Toronto

165

Total Units

4

For Sale

2

For Rent

37

Sold

135

Leased

$1.5M

Avg Price

35

Days (Sale)

22

Days (Lease)

OQ

OVAIS QASSIM

Questions about Pier 27 Condos Ph2?

Property Type:
Condo
Number of Units:
165
Condo Demand:
High
Unit Availability:
Low
Number of Storeys:
Condo Completion:
Unit Size Range:
500 - 2,999 SQFT
Property Management:
Duka

Market Overview

For-Sale Inventory

2.4%

Highest Sale (12mo)

$2.0M

Lowest Sale (12mo)

$580K

Median Maintenance

$743/mo

Year Built

Pier 27 Condos Ph2 Market

Updated Aug 21, 2026
Condos
Median sale price
$728K
Median PSF (est.) 0.5%
$1009/sqft
Sold last 90 days
7
Active listings
5
Months of inventory
5.0
Avg days on market
41
Sale-to-list ratio
97.75%
Absorption rate
20.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 53.33% · End-user: 46.67% (from 7 sales, 8 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Monthly reduction trend
2026-05: 0.0% (3 listings)
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $1,009+14.69% vs community avg ($880)[premium]
Supply vs demand by unit type (90d)
Sample: 5 active listings · 7 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 0 active / 1 sold · mismatch -14.29%
2br: 2 active / 5 sold · mismatch -31.43%
3br: 3 active / 1 sold · mismatch +45.71%
Concession pattern by unit type (90d)
1br (6 sales)100.00% closed with concessions, avg 4.22% below ask
2br (17 sales)76.47% closed with concessions, avg 3.18% below ask
Seasonality (annual pattern)
Historically strongest months: Mar, Sep, Dec
Historically weakest months: Jul, Nov, Jan
Annual averages: DOM 34.8d · sale-to-list 97.75% (n=25)
Monthly detail
Jan · 1 sales · DOM 46.0d · STL 94.29%
Mar · 1 sales · DOM 4.0d · STL 103.49%
May · 4 sales · DOM 39.0d · STL 95.97%
Jun · 2 sales · DOM 33.0d · STL 97.42%
Jul · 4 sales · DOM 43.0d · STL 96.87%
Aug · 4 sales · DOM 39.3d · STL 99.32%
Sep · 1 sales · DOM 8.0d · STL 97.48%
Oct · 1 sales · DOM 29.0d · STL 95.02%
Nov · 4 sales · DOM 44.8d · STL 96.79%
Dec · 3 sales · DOM 17.3d · STL 100.94%

Market Intelligence

Price per sqft analysis and trends

Pier 27 Condos Ph2

Sale PSF

$1072/sqft

25 sales

Lease PSF

$4.18/sqft/mo

99 leases

Waterfront Communities C8

Sale PSF

$1012/sqft

24 sales

Lease PSF

$3.95/sqft/mo

12 leases

Toronto C08

Sale PSF

$884/sqft

93 sales

Lease PSF

$3.92/sqft/mo

29 leases

Toronto

Sale PSF

$788/sqft

861 sales

Lease PSF

$3.85/sqft/mo

1 leases

Price Per Sqft Trends

Avg:$1081/sqft
Range: $781 - $1359/sqft
$900$1050$1200$1350Apr 24Jul 24Oct 24Jan 25Apr 25Jul 25Oct 25Jan 262024-04-08 Price: $685,000 Size: 650 sqft PSF: $1053.85/sqft2024-05-03 Price: $728,000 Size: 693 sqft PSF: $1050.51/sqft2024-05-27 Price: $745,000 Size: 681 sqft PSF: $1093.98/sqft2024-06-19 Price: $855,000 Size: 750 sqft PSF: $1140.00/sqft2024-08-06 Price: $867,000 Size: 710 sqft PSF: $1221.13/sqft2024-08-20 Price: $625,000 Size: 506 sqft PSF: $1235.18/sqft2024-08-29 Price: $785,000 Size: 750 sqft PSF: $1046.67/sqft2024-10-15 Price: $665,000 Size: 550 sqft PSF: $1209.09/sqft2024-11-01 Price: $645,000 Size: 650 sqft PSF: $992.31/sqft2024-11-19 Price: $800,000 Size: 750 sqft PSF: $1066.67/sqft2024-12-02 Price: $750,000 Size: 750 sqft PSF: $1000.00/sqft2024-12-24 Price: $975,000 Size: 850 sqft PSF: $1147.06/sqft2025-01-10 Price: $1,650,000 Size: 1900 sqft PSF: $868.42/sqft2025-02-19 Price: $805,000 Size: 750 sqft PSF: $1073.33/sqft2025-03-12 Price: $775,000 Size: 650 sqft PSF: $1192.31/sqft2025-05-15 Price: $899,000 Size: 850 sqft PSF: $1057.65/sqft2025-07-15 Price: $725,000 Size: 750 sqft PSF: $966.67/sqft2025-07-30 Price: $838,000 Size: 750 sqft PSF: $1117.33/sqft2025-08-05 Price: $646,000 Size: 650 sqft PSF: $993.85/sqft2025-08-18 Price: $880,000 Size: 850 sqft PSF: $1035.29/sqft2025-09-15 Price: $580,000 Size: 550 sqft PSF: $1054.55/sqft2025-09-26 Price: $2,028,888 Size: 1700 sqft PSF: $1193.46/sqft2025-11-05 Price: $707,500 Size: 650 sqft PSF: $1088.46/sqft2025-11-27 Price: $790,000 Size: 750 sqft PSF: $1053.33/sqft2025-12-30 Price: $751,000 Size: 695 sqft PSF: $1080.58/sqftSale PSF ($)
Exact sqft
Estimated
Fallback
Avg

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
Pier 27 Condos Ph2This Building
10724.18/mo2599
Waterfront Communities C8
1012+6%3.95/mo+6%2412
Toronto C08
884+21%3.92/mo+7%9329
Toronto
788+36%3.85/mo+9%8611

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Market Analysis

Sale prices at Pier 27 Condos Ph2 average $1072/sqft, which is above the Waterfront Communities C8 community average of $1012/sqft (+6%).

Prices here are premium compared to the broader Toronto area ($788/sqft).

Rental rates are strong at $4.18/sqft monthly, 6% above the community average, with solid rental yield of 4.7%.

The building has seen 25 sales and 99 leases in recent transactions, indicating very high market activity.

Avg Sale PSF

$1072

Avg Lease PSF

$4.18/mo

Gross Yield

4.7%

Transactions

124

Investment Analysis

Est. Monthly Rent

$4,013

Based on $4.18/sqft

Gross Yield

4.68%

Good Yield

Before expenses

Net Yield

3.06%

Moderate Yield

After expenses

Years to Recover

21.4

Via rental income

vs Waterfront Communities C8
0.00%

Waterfront Communities C8 avg: 4.68%

vs Toronto C08
-0.64%

Toronto C08 avg: 5.32%

Avg. Monthly Operating Costs

Maintenance: $919/mo
Property Tax: $472/mo

Building PSF Range

$3Avg: $1,072/sqft$1,235

💡 Investment Insight: Pier 27 Condos Ph2 provides moderate yield at 4.68%, balancing cash flow with appreciation potential. Operating costs reduce yield by 1.62% - consider maintenance fees when evaluating.

Parking & Locker Values

Parkingbuilding

Purchase

N/A

Monthly Lease

$200/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

BBQs Allowed
Bike Storage
Bus Ctr (WiFi Bldg)
Car Wash
Community BBQ
Concierge
Elevator
Exercise Room
Game Room
Guest Suites
Gym
Indoor Pool
Lap Pool
Media Room
Outdoor Pool
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Security Guard
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsCondo TaxesHeatNoneParkingWater

Building Reviews

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About Pier 27 Condos Ph2 Condos

Pier 27 Condos Ph2 is a premier condominium located at 39 Queens Quay E, Toronto in Toronto C08. This 165-unit building offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 178 units available at Pier 27 Condos Ph2, with prices averaging around $1506K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

Pier 27 Condos Ph2 stands out in Toronto C08's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at Pier 27 Condos Ph2, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.

Explore more real estate in the wider area: Waterfront Communities C8, Toronto C08 and the Toronto area.

Units for Lease at Pier 27 Condos Ph2

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