Market Data as of August 31, 2026
Parkside Towers at Metro Place (M4) — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Parkside Towers at Metro Place (M4) at 1 De Boers Drive in North York's Downsview submarket is a 229-suite residential building completed in 2012 by Liberty Development Corp., and it currently sits at full occupancy with zero units listed for rent as of August 31, 2026. The building's leasing engine remains active despite the empty listing board: three closed leases in the trailing 30 days at an average of $2,483 per month and 28 days on market, and five closed leases over the past 90 days averaging $2,440 per month with a 23-day marketing cycle. Across all six tracked transactions in the past year, the building has maintained a consistent realized rate of approximately $2,379 per month at roughly $3.19 per square foot on an average suite footprint of 750 square feet.
With no active listings to benchmark, the building's pricing story rests entirely on its closed-lease record. The realized rate of $3.19 per square foot sits 15.4 percent below the Downsview submarket lease benchmark of $3.76 per square foot, and well under the submarket asking benchmark of $3.77 per square foot. The average 750-square-foot suite is notably larger than the submarket's implied asking footprint of 662 square feet, meaning tenants at Parkside Towers are purchasing more living area per dollar than the broader Downsview market. The dominant leased layout is the one-bedroom-plus-den configuration, accounting for half of all tracked transactions, which aligns with the building's mid-size unit profile.
Marketing friction at Parkside Towers is effectively absent: zero delisted, terminated, or expired listings have been recorded, and the 28-day average days on market in the trailing 30 days matches the Downsview submarket benchmark exactly. Tenants hold modest negotiating leverage, with an average concession of $87 per month (3.31 percent below asking) across all six tracked closed leases, translating to roughly $1,044 in annual savings. Because the building is fully occupied with no available units, prospective renters should monitor the broader Downsview submarket, which currently carries 108 active listings, and revisit Parkside Towers when a unit becomes available.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Recent Leased Transactions & Contract Prices
Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Parkside Towers at Metro Place (M4) (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Parkside Towers at Metro Place (M4) last month, and how fast did they rent?
Parkside Towers at Metro Place (M4) closed 3 leases in the trailing 30 days at an average 28 days on market, matching the Downsview submarket benchmark of 28 DOM. Over 90 days, 5 leases closed at a faster 23 DOM, and the full one-year window shows all 6 lifetime leases averaging 24 DOM. Leasing turnover accelerated into August 2026 with three closings in a single month, up from one in April and two in June, signalling a modest pickup in tenant demand rather than a sustained surge.
What is the negotiation spread between asking rents and closed lease prices at Parkside Towers at Metro Place (M4)?
Parkside Towers at Metro Place (M4) tenants negotiated an average discount of $87 per month (3.31% below asking), translating to $1,044 in annual savings per lease. Sixty-six point seven percent of the six tracked leases closed under the listed asking price, confirming tenant leverage in this micro-market. Landlords absorbed a measurable concession across the board, and no lease settled at or above the posted rate.
What are typical executed lease prices across different layouts at Parkside Towers at Metro Place (M4)?
The 1-Bedroom + Den layout dominates Parkside Towers at Metro Place (M4) with three closed leases averaging $2,383 per month and a 12-day DOM, while the standard 1-Bedroom tier recorded two closings at $2,138 per month over 32 days. The 1-Bedroom + Den tier (small sample, 3 deals) shows a median of $2,400, a P25–P75 range of $2,375 to $2,400, an average 750 square foot footprint at $3.18 per square foot. The 1-Bedroom tier (small sample, 2 deals) carries a median of $2,138, a P25–P75 range of $2,106 to $2,169, an average 650 square foot suite at $3.29 per square foot. The 2-Bedroom + Den represents an individual single transaction at $2,850 per month for 950 square feet ($3.00 per square foot) with a 42-day DOM, and should not be treated as a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Parkside Towers at Metro Place (M4)?
Parkside Towers at Metro Place (M4) does not have a reliably isolated parking premium, as paired lease data is insufficient to separate suite rent from parking charges. No active asking listings exist to cross-reference parking rates, and the platform flags the parking premium as inconclusive rather than quoting an unreliable figure. Tenants should confirm whether parking is bundled into the monthly rent or billed separately before signing a lease.
How does the lease-to-listing ratio at Parkside Towers at Metro Place (M4) reflect current tenant demand?
Parkside Towers at Metro Place (M4) shows a clear upward rent trajectory from April through August 2026, climbing from $2,075 to $2,483 per month. April recorded one closed deal at $2,075 ($3.19 per square foot) with a 28-day DOM. June brought two closings at $2,375 ($3.17 per square foot) and a faster 15-day DOM. August closed three deals at $2,483 ($3.19 per square foot) with DOM back at 28 days. The June-to-August nominal increase of $108 per month reflects a shift toward larger 1-Bedroom + Den suites rather than a pure rate hike, as the per-square-foot rate held steady at roughly $3.19.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 2 | 2250 | 700 | 3.22 | 21 |
| 2026-04-28 | 2 | 2250 | 700 | 3.22 | 22 |
| 2026-04-29 | 1 | 2400 | 750 | 3.20 | 18 |
| 2026-04-30 | 1 | 2400 | 750 | 3.20 | 19 |
| 2026-05-01 | 1 | 2400 | 750 | 3.20 | 20 |
| 2026-05-02 | 1 | 2400 | 750 | 3.20 | 21 |
| 2026-05-03 | 1 | 2400 | 750 | 3.20 | 22 |
| 2026-05-04 | 1 | 2400 | 750 | 3.20 | 23 |
| 2026-05-05 | 1 | 2400 | 750 | 3.20 | 24 |
| 2026-05-06 | 1 | 2400 | 750 | 3.20 | 25 |
| 2026-05-07 | 1 | 2400 | 750 | 3.20 | 26 |
| 2026-05-08 | 1 | 2400 | 750 | 3.20 | 27 |
| 2026-05-09 | 1 | 2400 | 750 | 3.20 | 28 |
| 2026-05-10 | 1 | 2400 | 750 | 3.20 | 29 |
| 2026-05-11 | 1 | 2400 | 750 | 3.20 | 30 |
| 2026-05-12 | 1 | 2400 | 750 | 3.20 | 31 |
| 2026-05-13 | 1 | 2400 | 750 | 3.20 | 32 |
| 2026-05-14 | 1 | 2400 | 750 | 3.20 | 33 |
| 2026-05-15 | 1 | 2400 | 750 | 3.20 | 34 |
| 2026-05-16 | 1 | 2400 | 750 | 3.20 | 35 |
| 2026-05-17 | 1 | 2400 | 750 | 3.20 | 36 |
| 2026-05-18 | 1 | 2400 | 750 | 3.20 | 37 |
| 2026-05-19 | 1 | 2400 | 750 | 3.20 | 38 |
| 2026-05-20 | 1 | 2400 | 750 | 3.20 | 39 |
| 2026-05-21 | 1 | 2400 | 750 | 3.20 | 40 |
| 2026-05-22 | 1 | 2400 | 750 | 3.20 | 41 |
| 2026-05-23 | 1 | 2400 | 750 | 3.20 | 42 |
| 2026-05-24 | 1 | 2400 | 750 | 3.20 | 43 |
| 2026-05-25 | 1 | 2350 | 750 | 3.13 | N/A |
| 2026-05-26 | 1 | 2350 | 750 | 3.13 | 1 |
| 2026-05-27 | 1 | 2350 | 750 | 3.13 | 2 |
| 2026-05-28 | 2 | 2423 | 750 | 3.23 | 2 |
| 2026-05-29 | 2 | 2423 | 750 | 3.23 | 3 |
| 2026-05-30 | 2 | 2423 | 750 | 3.23 | 4 |
| 2026-05-31 | 2 | 2423 | 750 | 3.23 | 5 |
| 2026-06-01 | 2 | 2423 | 750 | 3.23 | 6 |
| 2026-06-02 | 2 | 2423 | 750 | 3.23 | 7 |
| 2026-06-03 | 2 | 2423 | 750 | 3.23 | 8 |
| 2026-06-04 | 2 | 2423 | 750 | 3.23 | 9 |
| 2026-06-05 | 2 | 2423 | 750 | 3.23 | 10 |
| 2026-06-06 | 2 | 2423 | 750 | 3.23 | 11 |
| 2026-06-07 | 2 | 2423 | 750 | 3.23 | 12 |
| 2026-06-08 | 2 | 2423 | 750 | 3.23 | 13 |
| 2026-06-09 | 1 | 2495 | 750 | 3.33 | 12 |
| 2026-06-10 | 1 | 2495 | 750 | 3.33 | 13 |
| 2026-07-03 | 1 | 2600 | 750 | 3.47 | N/A |
| 2026-07-04 | 1 | 2600 | 750 | 3.47 | 1 |
| 2026-07-05 | 1 | 2600 | 750 | 3.47 | 2 |
| 2026-07-06 | 2 | 2825 | 850 | 3.34 | 2 |
| 2026-07-07 | 2 | 2825 | 850 | 3.34 | 3 |
| 2026-07-08 | 2 | 2825 | 850 | 3.34 | 4 |
| 2026-07-09 | 2 | 2825 | 850 | 3.34 | 5 |
| 2026-07-10 | 2 | 2825 | 850 | 3.34 | 6 |
| 2026-07-11 | 3 | 2683 | 783 | 3.46 | 4 |
| 2026-07-12 | 3 | 2683 | 783 | 3.46 | 5 |
| 2026-07-13 | 3 | 2683 | 783 | 3.46 | 6 |
| 2026-07-14 | 3 | 2683 | 783 | 3.46 | 7 |
| 2026-07-15 | 3 | 2683 | 783 | 3.46 | 8 |
| 2026-07-16 | 3 | 2683 | 783 | 3.46 | 9 |
| 2026-07-17 | 3 | 2683 | 783 | 3.46 | 10 |
| 2026-07-18 | 3 | 2683 | 783 | 3.46 | 11 |
| 2026-07-19 | 3 | 2683 | 783 | 3.46 | 12 |
| 2026-07-20 | 3 | 2683 | 783 | 3.46 | 13 |
| 2026-07-21 | 3 | 2683 | 783 | 3.46 | 14 |
| 2026-07-22 | 3 | 2683 | 783 | 3.46 | 15 |
| 2026-07-23 | 3 | 2683 | 783 | 3.46 | 16 |
| 2026-07-24 | 3 | 2683 | 783 | 3.46 | 17 |
| 2026-07-25 | 3 | 2683 | 783 | 3.46 | 18 |
| 2026-07-26 | 3 | 2683 | 783 | 3.46 | 19 |
| 2026-07-27 | 3 | 2617 | 783 | 3.37 | 12 |
| 2026-07-28 | 3 | 2617 | 783 | 3.37 | 13 |
| 2026-07-29 | 3 | 2617 | 783 | 3.37 | 14 |
| 2026-07-30 | 3 | 2617 | 783 | 3.37 | 15 |
| 2026-07-31 | 3 | 2617 | 783 | 3.37 | 16 |
| 2026-08-01 | 3 | 2617 | 783 | 3.37 | 17 |
| 2026-08-02 | 3 | 2617 | 783 | 3.37 | 18 |
| 2026-08-03 | 2 | 2725 | 800 | 3.45 | 26 |
| 2026-08-04 | 2 | 2725 | 800 | 3.45 | 27 |
| 2026-08-05 | 2 | 2725 | 800 | 3.45 | 28 |
| 2026-08-06 | 2 | 2725 | 800 | 3.45 | 29 |
| 2026-08-07 | 2 | 2725 | 800 | 3.45 | 30 |
| 2026-08-08 | 2 | 2725 | 800 | 3.45 | 31 |
| 2026-08-09 | 2 | 2725 | 800 | 3.45 | 32 |
| 2026-08-10 | 2 | 2725 | 800 | 3.45 | 33 |
| 2026-08-11 | 2 | 2725 | 800 | 3.45 | 34 |
| 2026-08-12 | 2 | 2725 | 800 | 3.45 | 35 |
| 2026-08-13 | 2 | 2725 | 800 | 3.45 | 36 |
| 2026-08-14 | 2 | 2725 | 800 | 3.45 | 37 |
| 2026-08-15 | 1 | 3050 | 950 | 3.21 | 40 |
| 2026-08-16 | 1 | 3050 | 950 | 3.21 | 41 |
12-Month Market Dynamics & Trend Trajectory
Parkside Towers at Metro Place (M4) realizes an average rent of $2,379 per month at $3.19 per square foot, sitting 15.4% below the Downsview submarket leased rate of $3.76 per square foot while tracking just 0.5% above the submarket average rent of $2,382. The building's 750-square-foot average suite footprint is larger than the submarket implied 662-square-foot benchmark, which explains the lower per-square-foot rate without indicating a rent discount. In practical terms, tenants at Parkside Towers pay a near-market monthly dollar figure but get more square footage per dollar than the typical Downsview lease. On pricing discipline, 66.7% of the six tracked leases closed below asking, with tenants extracting an average $87-per-month concession (3.31% under the listed rate). This translates to $1,044 in annualized savings per lease and confirms tenant-favorable negotiation leverage at this building. No lease settled at or above asking, meaning landlords consistently absorbed a concession rather than holding firm on posted rents. The pattern points to a landlord concession culture rather than pricing friction, with tenants holding the negotiating edge across every bedroom tier.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-06-07 | 2 | 2375 | 750 | 3.17 | 15 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 1 | 2400 | 750 | 3.20 | 7 |
| 2026-08-09 | 1 | 2200 | 650 | 3.38 | 35 |
| 2026-08-16 | 1 | 2850 | 950 | 3.00 | 42 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Parkside Towers at Metro Place (M4) at 1 De Boers Dr sits in a tightly clustered competitive pocket on the Sheppard Avenue West corridor, with all four nearby comparables recording active lease volume over the trailing 180 days. The closest peer, Metropolis at Metro Place (M3) at 1060 Sheppard Ave W (0.09 km, completed 2012), closed 9 leases; Avro at 10 De Boers Dr (0.11 km, completed 2021) led the group with 17 closed leases; M2 at Metro Place at 1070 Sheppard Ave W (0.11 km, completed 2011) recorded 10; and M1 at Metro Place at 55 De Boers Dr (0.15 km, completed 2011) closed 5. The peer set spans two structural generations: the 2011-to-2012 Metro Place cluster (M1, M2, Metropolis, and the subject) and the 2021 Avro tower, which introduces a newer amenity profile with pet facilities and a rooftop terrace. Against the four-comp benchmark of $2,443 average rent, $3.64 per square foot, and 693 average square feet, Parkside Towers at Metro Place (M4) positions itself as a larger-footprint, lower-rate-per-square-foot option. The subject's 750-square-foot average suite exceeds the comp mean by 57 square feet while its $3.19 per square foot realized rate sits roughly 12 percent below the $3.64 comp average. This combination means renters at 1 De Boers Dr acquire materially more interior space per dollar than the pocket norm, a value proposition reinforced by the building's 2012 completion placing it in the same construction era as three of four peers and only nine years older than Avro.
Comparable Analysis & Questions
How do rental rates at Parkside Towers at Metro Place (M4) compare to neighbouring buildings within Downsview?
Parkside Towers at Metro Place (M4) realized an average lease rent of $2,379 per month, sitting $64 below the four-comp benchmark of $2,443 and $6 below the Downsview submarket average of $2,382. Against Metropolis at Metro Place (M3) at 1060 Sheppard Ave W (0.09 km, 9 closed leases, $2,406 average rent, $3.56 per square foot, 683 sq ft), the subject trades at a $27-per-month lower rent. Avro at 10 De Boers Dr (0.11 km, 17 closed leases, $2,290 average rent, $3.93 per square foot, 589 sq ft) shows the subject commanding a $89-per-month higher rent. M2 at Metro Place at 1070 Sheppard Ave W (0.11 km, 10 closed leases, $2,309 average rent, $3.84 per square foot, 625 sq ft) places the subject $70 higher per month. M1 at Metro Place at 55 De Boers Dr (0.15 km, 5 closed leases, $2,765 average rent, $3.22 per square foot, 876 sq ft) shows the subject trading at a $386-per-month lower rent, reflecting M1's significantly larger 876-square-foot suites.
Does Parkside Towers at Metro Place (M4) offer a competitive price-per-square-foot ($/SF) against local comparables?
Parkside Towers at Metro Place (M4) leases at $3.19 per square foot on 750 average square feet, a rate that trades at a discount below every active nearby competitor while delivering more interior space than three of four peers. Versus Metropolis at Metro Place (M3), the subject offers a $0.37 per square foot (10.4 percent) discount and 67 more interior square feet, meaning the lower nominal rent is driven by the larger footprint rather than weaker asset valuation. Against Avro, the subject trades at a $0.74 per square foot (18.8 percent) discount and provides 161 more square feet, yet still commands a $89-per-month higher total rent because the suite-size premium more than offsets the per-square-foot gap. M2 at Metro Place shows a $0.65 per square foot (16.9 percent) discount with 125 additional square feet, again producing a modest $70-per-month higher rent for the subject. M1 at Metro Place is the outlier: the subject trades at a marginal $0.03 per square foot (0.9 percent) discount but provides 126 fewer square feet, resulting in a $386-per-month lower rent that reflects the smaller interior footprint rather than a valuation gap.
How do building age, amenities, and developer reputation impact rent spreads?
Parkside Towers at Metro Place (M4) fields a full aquatic-and-wellness amenity suite—indoor pool, hot tub and jacuzzi, sauna and steam room, golf simulator, gym, games and billiards room, media and theatre room, party and lounge room, garden and courtyard, plus concierge and security—that is broadly matched by the 2011-to-2012 Metro Place peers but materially richer than the 2021 Avro tower. Where the subject differentiates is in the aquatic and recreation cluster: Avro at 10 De Boers Dr offers no indoor pool, no hot tub or jacuzzi, no sauna or steam room, and no golf simulator, substituting instead a rooftop terrace, BBQ area, dog run, pet wash station, and car wash bay. Metropolis at Metro Place (M3), M2 at Metro Place, and M1 at Metro Place each add a meeting room and (for M1 and M2) a business centre that the subject does not carry. The lifestyle package at 1 De Boers Dr best serves the cost-conscious professional or young family renter who prioritizes in-building aquatic recreation, a golf simulator, and a full wellness circuit over dedicated remote-work infrastructure or pet-specific facilities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Parkside Towers at Metro Place (M4).
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Games & Billiards Room
- Golf Simulator
- Media & Theatre Room
- Garden & Courtyard
- Hot Tub & Jacuzzi
Residential Buildings in the Vicinity
- Metropolis at Metro Place (M3)89 m
- Avro106 m
- M2 at Metro Place111 m
- M1 at Metro Place151 m
- WestLine192 m
- Park Plaza271 m
- Town Plaza461 m
- Hampton Plaza466 m
- Terrace Heights III595 m
- Terrace Heights II612 m
- The Plaza Suites IV684 m
- Terrace Heights I697 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Parkside Towers at Metro Place (M4).
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
- Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.
Public Data Aggregation & Thresholds
- Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
- Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.
Calculation Formulations
- Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
- Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
- Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
- Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.
Data Limitations & Scope
- Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
- Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.
Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.