The Frederick · Upper East Village · Laird & Eglinton
A brand-new tower with a lot of near-identical units hitting the market at the same time. That is unusual, and if you know how to use it, it works in your favour. Here is what the building is, what the lease actually looks like, and the one catch nobody advertises.
25 Frederick Todd Way is The Frederick, the third and final tower of Upper East Village, the Camrost-Felcorp community at Laird and Eglinton. Arcadis is the architect. The two addresses next door, 33 Frederick Todd Way and 939 Eglinton Avenue East, are part of the same community, and 33 has been occupied since roughly 2023. I've leased units next door at 33 Frederick Todd Way, so I know how these floor plans live and where the trade-offs are.
Occupancy at 25 started in the summer of 2026, with the first move-ins that August. The building is still in interim occupancy, meaning it hasn't registered as a condominium yet. As of September 2026 the amenity spaces were still being finished. The plan is about 10,000 square feet of them: concierge, a fitness room and yoga studio, a hydrotherapy spa with sauna, a co-working lounge, private dining, a party and games room, a massage room, and an outdoor garden with a fire pit, barbecues and a pizza oven. Some of that is open, some of it isn't yet. Before you sign anything, ask what you can actually use on the day you move in.
The location does a lot of the work. Line 5 Eglinton opened on February 8, 2026, and Laird station is a short walk from the front door. SmartCentres Leaside on Laird, with Home Depot, Best Buy, Winners, Sport Chek, Sobeys and the LCBO, is about ten minutes on foot. Walk Score is 82.
The building is marketed as Leaside. MLS and TRREB file it under Thorncliffe Park (C11), the City of Toronto neighbourhood boundary agrees with MLS, and a few portals call it East York. So if you're searching "Leaside rentals" and the results look thin, search Thorncliffe Park too. Same building, three different labels.
In a normal building one or two units come up at a time and you take what's there. Here, dozens of units came online within weeks of each other, and a lot of them are close to identical. That changes the shape of the search in three ways.
First, you can genuinely compare. Same layout, different floor, different exposure, different price. Seeing three versions of the same plan back to back tells you fast what a higher floor or a west exposure is worth to you, and what it isn't.
Second, there's room to negotiate. When several owners are all carrying an empty unit and watching each other's listings, an empty month costs them more than a small concession does. Price isn't the only lever either. Term length, a parking spot, a locker, the move-in date, whether it comes furnished, who pays which utility. I've had more luck moving those than moving rent.
Third, your landlord is a person, not the builder. The units here are owned by individual purchasers, and those owners are the ones leasing them out. Two identical units can come with completely different terms, and how responsive an owner is matters for the next year of your life. That's worth paying attention to on the showing.
Good units in a busy building go to whoever submits a clean, complete application first, not to whoever liked it most. Put together photo ID, a recent employment letter, two or three pay stubs, a current credit report, and references from a past landlord or an employer. Have it as one set of files on your phone before you start booking showings.
If you're new to Canada and don't have a Canadian credit file yet, a credit report from your home country, plus stronger proof of funds like bank statements or a signed job offer, often does the job. I can't promise how any individual owner will read it, because each one decides for themselves. What I can do is present it properly and set expectations honestly rather than letting it look like a gap.
This building is exempt from Ontario's annual rent increase guideline. Anything first occupied for residential purposes after November 15, 2018 falls outside it under section 6.1 of the Residential Tenancies Act. In practice that means at renewal your landlord can ask for more than the guideline amount, and the usual cap doesn't apply.
That is a real downside for you as a tenant, and I'd rather say so than bury it. Two protections still apply no matter what: any increase needs 90 days' written notice on the Board's Form N2, and the rent can only go up once every 12 months. Beyond that, you protect yourself at the negotiating table. Ask for a longer initial term so the first renewal is further away, or ask for a written clause that caps the increase at renewal, often at the provincial guideline. A cap like that is enforceable and it binds a future owner too, so it's worth asking for even when you expect a no. You can check any Ontario address against the rule with the free rent control checker.
In almost every case, nothing. On an MLS lease listing the landlord's side pays the co-operating commission, and my fee comes out of that. It's still worth confirming on the specific unit before you view it, because commission terms are set listing by listing, and if one is an exception I'll tell you before you spend an evening on it.
The other half of that is paperwork. Under TRESA, you either sign a representation agreement with me and become my client, or you deal with the listing agent directly as a self-represented party. Those are the two options in Ontario, and the second one means the only agent in the room works for the landlord. I'll go through the agreement with you before you sign it.
What you get for that: I book the showings, I tell you which floor plans work and which ones look better in photos than in person, I check what the building is actually delivering right now, and I walk you through the lease and the schedule before you sign anything. New to renting in Ontario? Start with the first-time renter guide, then come back.
I'm a real estate agent with Big City Realty Inc., Brokerage, and I represent tenants too.
Also useful: the rent control checker, the first-time renter guide, and everything I do on the rental side.
No. The building was first occupied for residential purposes after November 15, 2018, so under section 6.1 of the Residential Tenancies Act it is exempt from Ontario's annual rent increase guideline. Your landlord can raise the rent by more than the guideline at renewal. They still have to give you 90 days' written notice on the Landlord and Tenant Board's Form N2, and they can still only raise it once every 12 months. You can check any Ontario address yourself with the free rent control checker on this site.
Usually an individual owner rather than the developer. The units at 25 Frederick Todd Way are owned by individual purchasers, and most of what is on the market is being leased out by those owners. That means terms, furnishing, parking and flexibility vary from unit to unit even when the floor plans are identical.
Photo ID, a recent employment letter, your last two or three pay stubs, a current credit report, and references from a past landlord or employer. If you are new to Canada and have no Canadian credit file, a credit report from your home country plus larger proof of funds, such as bank statements or a job offer, often works. Every landlord decides for themselves, so there are no guarantees, but a complete package submitted quickly is the thing you can control.
In almost every case, no. On an MLS lease listing the landlord's side pays the co-operating commission, so my fee comes out of that rather than from you. It is worth confirming on any specific unit before you view it, because terms are set listing by listing, and I will tell you straight if a listing is the exception.
Occupancy began in the summer of 2026 and the first residents moved in that August. The building is in interim occupancy and has not registered yet, and as of September 2026 some of the amenity spaces were still being finished. The suites are finished and liveable; the shared spaces are arriving over time. Ask what is actually open before you sign, not what the brochure shows.
Both answers show up. It is marketed as Leaside and sits at Laird and Eglinton, but MLS and TRREB file it under Thorncliffe Park (C11), and the City of Toronto neighbourhood boundary puts it in Thorncliffe Park too. Some portals label it East York. If you are searching listing sites and coming up empty under Leaside, search Thorncliffe Park as well.
Move-in date, bedroom count, budget. I'll tell you which units at 25 Frederick Todd Way are worth your time, and which ones I'd skip.