Quayside

Quayside will be a master-planned mixed-use complete community that builds on development in the adjacent East Bayfront lands, and the emerging Keating Channel West Precinct. This 4.9 hectare area on Toronto’s waterfront, located at Queens Quay East and Parliament Street, will include new homes, community spaces, retail and commercial areas, childcare centre, parks and public spaces, as well as new and improved infrastructure, roads and streetscaping within five new development blocks. The area represents exciting progress on the Next Phase of Waterfront Revitalization, in particular through advancing housing in a dynamic, inclusive and resilient complete community.

To ensure that Quayside plays an important role in contributing to the City of Toronto’s affordable housing goals and commitments, Waterfront Toronto, Quayside Impact (the development partner for the project) and the City of Toronto are working together to achieve an ambitious housing plan – including developing a minimum of 23% affordable rental homes and introducing purpose-built rental homes along with planned condominiums. The affordable rental homes will be owned by the City of Toronto and will be affordable in perpetuity. Partnerships with non-profit affordable housing operators will be established to operate the affordable housing. This housing program helps to meet today’s urgent need.

Quayside Phase 1 is focused on delivering the first blocks of development located between Bonnycastle Street and Small Street, north of Queens Quay East. The delivery of Phase 1 will help support the City in achieving its HousingTO 2020-2030 Action Plan targets, welcoming the area’s first residents in 2030.

A 2025 staff report to City Council builds on the 2022 Business Implementation Plan and acts as the next step in the City’s process to advance with funding and implementation tools required to deliver affordable housing. The report outlines the Phase 1 Accelerated Housing Plan, including the number of affordable rental, market rental and condominium units to be constructed with support from various Municipal and Federal housing programs. Next steps include continuing to advance infrastructure and public realm construction as well as secure the partnerships required with non-profit partners as future operators of the affordable housing.

Public consultation opportunities and information will be posted on this site in October 2025.

For more information on the most recent Quayside plans please visit Waterfront Toronto's website.

Quayside is a 4.9 hectare parcel of land on Toronto’s waterfront, located at Queens Quay East and Parliament Street. The majority of the site is owned by Waterfront Toronto. However, it also includes lands owned by the City of Toronto and CreateTO (through the Toronto Economic Development Corporation operating as T.P.L.C.). In addition, the property at 307 Lake Shore Boulevard East which abuts Block 3B to the north is privately owned by Plaza Partners.

Quayside straddles two precincts: Blocks 1 and 2 are sited within the East Bayfront Precinct and Blocks 3B, 4 and 5 are within the Keating Channel West Precinct.

Quayside will help contribute to a diversified housing stock on the waterfront. Based on housing program adjustments made in 2025, the City, Waterfront Toronto and Quayside Impact are delivering more affordable rental homes sooner than originally planned and are introducing new purpose-built rental homes in place of some of the previously planned condominiums. The affordable rental housing includes a significant portion of family-sized units.

The delivery model for the affordable rental homes in Quayside represents another step in implementing the “Public Developer” approach where the City is taking an intentional leadership role in bringing land, funding and financing, and non-profit and Indigenous housing partners together to maximize public benefit for generations to come. Waterfront Toronto, as the development leader for waterfront revitalization, is a significant contributor to the funding and planning of affordable housing in Quayside.

Non-profits selected through an RFP process that began in summer 2025, will work with the City, Waterfront Toronto, Quayside Impact and a Construction Manager on the development of the affordable rental homes. The buildings will be operated by these non-profit partners and will be affordable in perpetuity.

To deliver the Quayside vision, Waterfront Toronto conducted a procurement process to secure a development partner for Quayside. This included an R.F.Q. issued in March 2021 and an R.F.P. issued in July 2021. Ten submissions were received in response to the R.F.Q. and a shortlist of four proponents were selected to participate in the R.F.P. process.

To ensure that the process was open, fair, transparent and equitable to all proponents, Waterfront Toronto retained The Right Honourable Justice Beverly McLachlin, former Chief Justice, as a fairness monitor to provide independent attestation that the process was conducted fairly.

On February 15, 2022, Waterfront Toronto’s Board of Directors approved a recommendation from its Investment and Real Estate sub-committee with the Preferred Proponent known as ‘Quayside Impact Limited Partnership’ (QILP), led by Dream Unlimited and Great Gulf Group. Terms relating to the development of the project are set out in a Project Agreement between Waterfront Toronto, as revitalization lead with responsibility for the overall coordination of the project and infrastructure, and QILP as Development Lead.

More information about the proposal can be found on the Waterfront Toronto website.

The City has multiple roles and interests in Quayside: as land owner, as owner/operator of municipal infrastructure, parkland and services, as provider and convener of affordable housing through a “Public Developer” model and as the local planning authority.