ICE Condominiums

ICE Condominiums is located at 12 & 14 York Street in downtown Toronto, at the intersection of York Street and Harbour Street in the South Core / Harbourfront neighbourhood. The building sits steps from the waterfront with direct underground PATH access to Union Station, Scotiabank Arena, and the Financial District.

ICE consists of two towers: ICE I at 12 York Street (57 storeys, completed 2014) and ICE II at 14 York Street (67 storeys, completed 2015). Together, the towers contain over 1,400 residential units ranging from studios to three-bedroom suites, making it one of the largest condo communities in the South Core.

ICE was developed by Lanterra Developments in partnership with Cadillac Fairview, one of Canada’s largest real estate companies. The towers were designed by the award-winning Toronto firm architects—Alliance, known for their work on Maple Leaf Square and other iconic Toronto buildings.

ICE offers a variety of floor plans including studios (350–450 sq ft), one-bedroom (500–650 sq ft), one-bedroom + den (600–750 sq ft), two-bedroom (750–950 sq ft), two-bedroom + den (850–1,100 sq ft), and three-bedroom suites (1,000–1,400 sq ft). Many upper-floor units feature panoramic views of Lake Ontario or the downtown skyline.

Prices vary by unit size and floor. Studios start around $399,000, one-bedroom units from approximately $450,000, and two-bedroom suites from around $625,000. Three-bedroom units can exceed $1,000,000. The price per square foot typically ranges from $950 to $1,350 depending on floor level and views.

Maintenance fees vary by unit size but generally range from $350 to $950 per month. Fees typically include water, heat, and building insurance. Hydro (electricity) is separately metered. The building is managed by Duka Property Management under TSCC (Toronto Standard Condominium Corporation).

Units at ICE typically sell within 18–25 days, significantly faster than the citywide condo average of approximately 32 days. The building’s prime location, strong amenity package, and PATH access make it consistently one of the most in-demand buildings in the South Core.

Yes, ICE Condominiums permits short-term rentals and has an exclusive partnership with Airbnb. This makes it one of the few downtown Toronto condos that formally allows short-term rental operations, which is a significant draw for investors looking for rental flexibility.

Rental rates typically range from $2,000 to $4,500 per month depending on unit size, floor level, and views. Studios rent from approximately $2,000–$2,400/mo, one-bedrooms from $2,200–$2,800/mo, and two-bedrooms from $3,000–$4,500/mo.

Gross rental yields at ICE range from approximately 4.2% to 4.8%, making it one of the top-performing rental buildings in the South Core. The building maintains an occupancy rate above 97% year-round due to its prime location and proximity to the Financial District.

ICE features 24/7 concierge service, an indoor swimming pool, hot tub & jacuzzi, sauna & steam room, state-of-the-art fitness centre, yoga & pilates studio, private theatre room, party & event room, business centre, rooftop lounge, guest suites, pet wash station, bicycle storage, car wash bay, and direct PATH access to Union Station.

Yes, pets are allowed with restrictions. The building has a dedicated pet wash station as part of its amenity offerings, making it convenient for pet owners.

ICE Condos has a perfect 100 Transit Score. The building connects directly to the underground PATH network, providing climate-controlled access to Union Station (GO Transit, TTC subway, VIA Rail, UP Express), Scotiabank Arena, and the Financial District. Billy Bishop Airport is a 10-minute trip, and Pearson International is 25 minutes via UP Express.

Within walking distance: Scotiabank Arena (3 min), CN Tower (5 min), Rogers Centre (5 min), Ripley’s Aquarium (6 min), Harbourfront Centre (3 min), Love Park (2 min), Toronto Islands ferry terminal (8 min), Eaton Centre via PATH (10 min), and the entire Financial District (5 min). Grocery, dining, and essential services are all within a 5-minute walk.