Old Toronto · Toronto Neighbourhood Guide
Bay-Cloverhill
More affordable and renter-majority, in the heart of Old Toronto.
16,670
Population
29.8
Median Age
$58,400
Median Household Income
1.6
Avg. Household Size
What It Rents For
Renting in Bay-Cloverhill
$2,163
Average Rent / Month
2.8%
Rental Vacancy Rate
+13%
vs. GTA Average ($1,917)
Source: CMHC Rental Market Survey, October 2025 (Toronto (Central) zone). Adapted from CMHC data; this does not constitute CMHC endorsement.
About Bay-Cloverhill
Bay-Cloverhill is a renter-majority neighbourhood, where about 70% of households rent. With a median household income near $58,400, it's one of the more affordable parts of the city. The population skews younger, and smaller, apartment-style households dominate the built form.
Renting here commands a premium over the GTA average of $1,917 — a sign of sustained demand. For investors and owners eyeing a high-demand, transit-rich pocket, the relevant questions are about multiplex potential and purpose-built rental — the build-and-hold strategies we evaluate with construction-informed due diligence.
We've been building in Old Toronto since 1988. In Bay-Cloverhill, that means honest answers about what's feasible, what it costs, and what adds real value — before you commit.
What We Build Here
Building & Renovating in Bay-Cloverhill
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Common Questions About Bay-Cloverhill
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We take on 7–10 projects at a time. Each one gets our full attention.