Has The Toronto Bubble Finally, Popped?
1104-5 Defries St
$589,000
Condo Apartment | 2 Bedroom + 2 Washroom
MLS #C13513822
The Details
The Sweet Spot Downtown
Eleven floors up with unobstructed east-facing views, this thoughtfully designed 2-bedroom, 2-bathroom residence strikes the balance between smart interior living and standout outdoor space in one of downtown Toronto’s most exciting emerging neighbourhoods.
At 715 square feet, this suite lives larger than the number suggests, with a functional layout that delivers both privacy and flexibility. First-time buyer, down-sizer, investor, or someone ready to grow into more space? No awkward corners, no dead space, no giant pillars.
Floor-to-ceiling windows fill the home with natural light, while the open-concept living and dining area keeps everything flowing, whether you’re hosting a dinner or hosting nobody at all. The sleek modern kitchen keeps it practical: clean lines, smart storage, and a seamless connection to the heart of the home.
The primary bedroom comes with a walk-in closet and private ensuite, while the second bedroom flexes to whatever you need: a guest room, nursery, or home office.
And then there’s the terrace.
A rare 147-square-foot private outdoor retreat that extends your living space well past the walls. Morning coffee, summer dinners, or an easy wind-down hang with unobstructed skyline and sunrise views. This is the part people remember.
Parking and locker included, so the boxes are all checked.
Set within River & Fifth, an amenity-rich building in the heart of downtown east, you’re steps to transit, parks, cafés, groceries, and everything that makes Regent Park, Corktown, and Riverside some of Toronto’s best neighbourhoods to bet on right now.
Smart layout. Rare outdoor space. Exceptional value.
Your home should tell a story of who you are and be a collection of what you love.
Property particulars
Regent Park
5 Defries Street
Suite 1104
Condo Apartment
Size
- 715 Interior Square Feet
- 147 Square Foot Terrace
2 Bedrooms
2 Washrooms
1 Owned Parking Spot
- P4/56
1 Owned Locker
- Level 10/Room 4/Locker 51
East Exposure
Utilities
- Maintenance Fees: $600.00/Month
- Included: Building Insurance, Common Elements, Parking & Locker
- Hydro & Water Submetered Through Metergy
- Property Taxes: $4,396.69 (2025)
Inclusions
- Fridge
- Oven
- Cooktop
- Combo Microwave/Hood Fan
- Clothing Washer & Dryer
- Existing Light Fixtures
- Bathroom Mirrors
Gallery
The Building
Regent Park
River & Fifth:
Building Insider
Building Name: River & Fifth
Developer: Broccolini
Storeys: 37
Number of Units: 580
Year Completed: 2024
Pet Policy
Tenant Policy
Amenities
- Outdoor Pool
- Gym
- Party Room
- Rooftop Terrace
- Co-Working Space
- Kids Room
- Guest Suites
- 24 Hour Concierge
Walk score
94
Transit score
93
Bike score
96
The Neighbourhood
The neighbourhood
Welcome to
Regent Park
Restaurants & Bars
- Cafe ZUZU Pizzeria
- White Lily Diner
- Fusili Ristorante
- Mengrai Thai
- House on Parliament
- F’Amelia
- King Place
- Ladybug Wine Bar
- Freddy’s Greek
- Impact Kitchen
- The Rosebud
Groceries
- FreshCo
- Sam’s Food Stores
- No Frills
- Rabba Fine Foods
Coffee & Bakeries
- Sumach Espresso
- Bevy
- Le Beau Croissanterie
- Tim Hortons
Fitness & Health
- F45 Regent Park
- Ultra Pilates
- Lift Corktown
- Regent Park Community Centre
Parks & Greenspace
- Regent Park Athletic Grounds
- Riverdale Park West
- Riverdale Farm
- Corktown Commons
Schools
Public & Catholic Schools
- Nelson Mandela Park Public School | Grades JK – 8
- Jarvis Collegiate Institute | Grades 9 – 12
- St. Paul Catholic School | Grades JK – 8
Colleges & Universities
- George Brown College
- Humber College
- OCAD University
- University of Toronto – St. George Campus
- Toronto Metropolitan University
- George Brown College
Transit options
Commute to Union Station
- 13 Minutes by Car
- 16 Minutes by Bike
- 26 Minutes by Transit
- 42 Minutes by Foot
Transit Lines
- 505 Dundas Streetcar
- 504 King Streetcar
- 121 Esplanade-River
If you don’t know this pocket of the city yet, you will soon.
5 Defries sits in one of downtown Toronto’s most quietly evolving neighbourhoods, where Regent Park, Corktown, Riverside, and the Downtown East all begin to blur together. It’s a location that feels increasingly hard to ignore: connected, convenient, and full of momentum.
What makes this area compelling isn’t just what’s here today, it’s where it’s heading.
Step outside and you’re immediately plugged into the practical side of city living. Groceries, cafés, fitness, parks, schools, transit, all within walking distance, and increasingly, it’s all getting better. The neighbourhood has undergone a remarkable transformation over the past decade, evolving into a more vibrant, community-driven pocket that balances residential calm with urban energy.
Transit is effortless. Streetcars along Dundas and King connect you west to the Financial District, east to Leslieville, and north toward the subway in minutes. For commuters, it offers real downtown access without downtown congestion.
But the lifestyle story here goes well beyond convenience.
One of this neighbourhood’s greatest strengths is access to green space. Regent Park’s athletic grounds are steps away, while Corktown Common, Riverdale Farm, and the Don Valley trail system offer something increasingly rare in the core: room to breathe. Morning runs, dog walks, weekend bike rides, this part of the city makes it easy to build those rituals into daily life.
And then there’s the food scene.
This pocket sits within striking distance of some of the east end’s most beloved staples. Brunch at White Lily Diner. Coffee from Sumach Espresso. Dinner in Riverside. Drinks in Corktown. The best part? It doesn’t feel oversaturated or overcommercialized. There’s still a neighbourhood feel here. Local businesses, familiar faces, and a sense that the community is growing with intention.
That’s what makes 5 Defries so interesting from both a lifestyle and investment perspective.
It offers something increasingly difficult to find in Toronto: downtown proximity with future upside.
You’re not buying into a fully mature neighbourhood where all growth has already been priced in. You’re buying into an area still climbing, still improving, still becoming.
And that may be the most compelling part of all.