Yonge and Eligible is far better for TTC access. Much more frequent service and more ways to get there. Parking is plentiful, and cheaper than down on Queens Quay. It's a busy area, but nowhere near as crazy as the waterfront in the summertime.
There's also more in the area, if people are looking for ways to spend time before or after the appointment. Yonge/Eglinton Centre, with the Indigo and the HMV. Two movie theatres, plus every other address is a restaurant.
From a pure cost perspective, whether you're looking at a condo or a regular apartment, either will be cheaper at Yonge & Eglinton than down on Queens Quay.