Market Data as of August 31, 2026
Vivid — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Vivid at 1 Michael Power Place in Etobicoke Centre is a fully occupied, 250-suite residential building completed in 2015 by the Pemberton Group. As of August 31, 2026, zero units are currently listed for rent, placing the building at a 0 percent availability rate. Recent leasing activity shows one closed lease in the trailing 30 days at an average of $2,200 per month with a 13-day time to lease, and four closed leases over the past 90 days averaging $2,425 per month with a 17-day average days on market.
With no active listings to benchmark, the building's pricing picture rests on its historical lease record. Across all five tracked transactions, Vivid realized an average rent of $2,410 per month at $3.74 per square foot on suites averaging 654 square feet. That realized rate per square foot sits 4.1 percent above the Etobicoke Centre submarket lease benchmark of $3.65 per square foot, while the submarket's current asking average is $2,597 per month at $3.65 per square foot. The building's compact average footprint of 654 square feet means nominal monthly rents land below the submarket asking average even though the per-square-foot rate is higher.
Marketing friction at Vivid is effectively absent: zero units have been delisted, expired, or suspended, and the single 30-day lease closed in 13 days, well under the submarket average of 25 days. All tracked leases closed exactly at asking price with no recorded concession, indicating a balanced negotiation environment. For renters seeking a unit in this building, the path forward is to monitor for new listings or pivot to the 64 active units currently available across the broader Etobicoke Centre submarket.
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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 Vivid (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Vivid last month, and how fast did they rent?
Vivid at 1 Michael Power Pl closed one lease in the trailing 30 days with a 13-day DOM, four leases over 90 days at a 17-day DOM, and five leases lifetime at a 24-day DOM, all tracking at or below the Etobicoke Centre submarket benchmark of 25 days. The 30-day window shows a single closing, while the 90-day window captures four, confirming that leasing cadence has been steady but low-volume rather than accelerating. With zero active listings on the market as of August 31, 2026, the building is effectively fully occupied and any near-term turnover will depend on tenant move-outs rather than new supply hitting the street.
What is the negotiation spread between asking rents and closed lease prices at Vivid?
Vivid's five tracked leases closed on average at exactly 100% of asking price, with a $0 monthly variance and $0 in annualized tenant savings or landlord revenue gain. Every single transaction settled at the listed rent, meaning landlords at this building showed no willingness to concede below asking and tenants did not need to negotiate for a discount. The balanced leverage reading confirms that asking prices at Vivid are already calibrated to what the Etobicoke Centre market will bear, leaving no meaningful room for either side to extract additional value at the lease table.
What are typical executed lease prices across different layouts at Vivid?
The 1-Bedroom layout dominates Vivid's lease book with four closings at an average of $2,312 per month and a 25-day DOM, while the 2-Bedroom tier recorded one closing at $2,800 per month with a 22-day DOM. The 1-Bedroom sample of four leases is a limited directional indicator only, not a broad statistical benchmark; the median sits at $2,325 with a P25-to-P75 range of $2,275 to $2,362, an average suite size of 605 square feet, and a realized rate of $3.85 per square foot. The 2-Bedroom figure represents an individual single transaction rather than a statistical benchmark, reflecting one 850-square-foot suite at $3.29 per square foot. Tenants seeking a 1-Bedroom at Vivid should expect to pay in the low-to-mid $2,300s per month, while the lone 2-Bedroom data point suggests the upper tier clears near $2,800 per month.
What measurable rent premium did suites with parking achieve in closed leases at Vivid?
Vivid's leased parking premium is inconclusive because the platform has not captured sufficient paired lease-and-parking data to isolate a reliable monthly parking value. No active listings are currently on the market, so there is no asking-side parking rate to benchmark against either. Prospective tenants should treat any parking figure quoted by a broker or landlord as unverified until Vivid accumulates a larger sample of bundled lease transactions that separate suite rent from parking fees.
How does the lease-to-listing ratio at Vivid reflect current tenant demand?
Vivid's four-month lease trail from May through August 2026 shows a modest nominal rent decline from $2,350 to $2,200 per month, but the rate per square foot actually climbed from $3.51 to $4.00, confirming that the dollar drop reflects smaller suite footprints rather than any devaluation of the building. May 2026 saw one lease at $2,350 per month, $3.51 per square foot, and a 51-day DOM. June 2026 closed one lease at $2,800 per month, $3.29 per square foot, and a 22-day DOM. July 2026 recorded two leases averaging $2,350 per month, $3.95 per square foot, and a 17-day DOM. August 2026 closed one lease at $2,200 per month, $4.00 per square foot, and a 13-day DOM, the fastest absorption in the tracked window.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 1 | 2350 | 670 | 3.51 | 28 |
| 2026-04-28 | 1 | 2350 | 670 | 3.51 | 29 |
| 2026-04-29 | 1 | 2350 | 670 | 3.51 | 30 |
| 2026-04-30 | 1 | 2350 | 670 | 3.51 | 31 |
| 2026-05-01 | 1 | 2350 | 670 | 3.51 | 32 |
| 2026-05-02 | 1 | 2350 | 670 | 3.51 | 33 |
| 2026-05-03 | 1 | 2350 | 670 | 3.51 | 34 |
| 2026-05-04 | 1 | 2350 | 670 | 3.51 | 35 |
| 2026-05-05 | 1 | 2350 | 670 | 3.51 | 36 |
| 2026-05-06 | 1 | 2350 | 670 | 3.51 | 37 |
| 2026-05-07 | 1 | 2350 | 670 | 3.51 | 38 |
| 2026-05-08 | 1 | 2350 | 670 | 3.51 | 39 |
| 2026-05-09 | 1 | 2350 | 670 | 3.51 | 40 |
| 2026-05-10 | 1 | 2350 | 670 | 3.51 | 41 |
| 2026-05-11 | 1 | 2350 | 670 | 3.51 | 42 |
| 2026-05-12 | 1 | 2350 | 670 | 3.51 | 43 |
| 2026-05-13 | 2 | 2425 | 610 | 4.03 | 22 |
| 2026-05-14 | 3 | 2550 | 690 | 3.78 | 15 |
| 2026-05-15 | 3 | 2550 | 690 | 3.78 | 16 |
| 2026-05-16 | 3 | 2550 | 690 | 3.78 | 17 |
| 2026-05-17 | 3 | 2550 | 690 | 3.78 | 18 |
| 2026-05-18 | 3 | 2550 | 690 | 3.78 | 19 |
| 2026-05-19 | 3 | 2550 | 690 | 3.78 | 20 |
| 2026-05-20 | 2 | 2650 | 700 | 3.92 | 7 |
| 2026-05-21 | 2 | 2650 | 700 | 3.92 | 8 |
| 2026-05-22 | 2 | 2650 | 700 | 3.92 | 9 |
| 2026-05-23 | 2 | 2650 | 700 | 3.92 | 10 |
| 2026-05-24 | 2 | 2650 | 700 | 3.92 | 11 |
| 2026-05-25 | 2 | 2650 | 700 | 3.92 | 12 |
| 2026-05-26 | 2 | 2650 | 700 | 3.92 | 13 |
| 2026-05-27 | 2 | 2650 | 700 | 3.92 | 14 |
| 2026-05-28 | 2 | 2650 | 700 | 3.92 | 15 |
| 2026-05-29 | 2 | 2650 | 700 | 3.92 | 16 |
| 2026-05-30 | 2 | 2650 | 700 | 3.92 | 17 |
| 2026-05-31 | 2 | 2650 | 700 | 3.92 | 18 |
| 2026-06-01 | 2 | 2650 | 700 | 3.92 | 19 |
| 2026-06-02 | 2 | 2650 | 700 | 3.92 | 20 |
| 2026-06-03 | 2 | 2650 | 700 | 3.92 | 21 |
| 2026-06-04 | 2 | 2650 | 700 | 3.92 | 22 |
| 2026-06-05 | 1 | 2499 | 550 | 4.54 | 23 |
| 2026-06-06 | 1 | 2499 | 550 | 4.54 | 24 |
| 2026-06-07 | 1 | 2499 | 550 | 4.54 | 25 |
| 2026-06-08 | 1 | 2399 | 550 | 4.36 | N/A |
| 2026-06-09 | 1 | 2399 | 550 | 4.36 | 1 |
| 2026-06-10 | 1 | 2399 | 550 | 4.36 | 2 |
| 2026-06-11 | 1 | 2399 | 550 | 4.36 | 3 |
| 2026-06-12 | 1 | 2399 | 550 | 4.36 | 4 |
| 2026-06-13 | 1 | 2399 | 550 | 4.36 | 5 |
| 2026-06-14 | 1 | 2399 | 550 | 4.36 | 6 |
| 2026-06-15 | 1 | 2399 | 550 | 4.36 | 7 |
| 2026-06-16 | 1 | 2399 | 550 | 4.36 | 8 |
| 2026-06-17 | 1 | 2399 | 550 | 4.36 | 9 |
| 2026-06-18 | 2 | 2300 | 550 | 4.18 | 5 |
| 2026-06-19 | 2 | 2300 | 550 | 4.18 | 6 |
| 2026-06-20 | 2 | 2300 | 550 | 4.18 | 7 |
| 2026-06-21 | 2 | 2300 | 550 | 4.18 | 8 |
| 2026-06-22 | 2 | 2300 | 550 | 4.18 | 9 |
| 2026-06-23 | 2 | 2300 | 550 | 4.18 | 10 |
| 2026-06-24 | 2 | 2300 | 550 | 4.18 | 11 |
| 2026-06-25 | 2 | 2300 | 550 | 4.18 | 12 |
| 2026-06-26 | 2 | 2300 | 550 | 4.18 | 13 |
| 2026-06-27 | 2 | 2300 | 550 | 4.18 | 14 |
| 2026-06-28 | 2 | 2300 | 550 | 4.18 | 15 |
| 2026-06-29 | 2 | 2300 | 550 | 4.18 | 16 |
| 2026-06-30 | 3 | 2300 | 583 | 3.97 | 11 |
| 2026-07-01 | 3 | 2300 | 583 | 3.97 | 12 |
| 2026-07-02 | 2 | 2250 | 600 | 3.77 | 8 |
| 2026-07-03 | 2 | 2250 | 600 | 3.77 | 9 |
| 2026-07-04 | 2 | 2250 | 600 | 3.77 | 10 |
| 2026-07-05 | 2 | 2250 | 600 | 3.77 | 11 |
| 2026-07-06 | 1 | 2300 | 650 | 3.54 | 6 |
| 2026-07-07 | 1 | 2300 | 650 | 3.54 | 7 |
| 2026-07-08 | 1 | 2300 | 650 | 3.54 | 8 |
| 2026-07-09 | 1 | 2300 | 650 | 3.54 | 9 |
| 2026-08-04 | 1 | 2200 | 550 | 4.00 | N/A |
| 2026-08-05 | 1 | 2200 | 550 | 4.00 | 1 |
| 2026-08-06 | 1 | 2200 | 550 | 4.00 | 2 |
| 2026-08-07 | 1 | 2200 | 550 | 4.00 | 3 |
| 2026-08-08 | 1 | 2200 | 550 | 4.00 | 4 |
| 2026-08-09 | 1 | 2200 | 550 | 4.00 | 5 |
| 2026-08-10 | 1 | 2200 | 550 | 4.00 | 6 |
| 2026-08-11 | 1 | 2200 | 550 | 4.00 | 7 |
| 2026-08-12 | 1 | 2200 | 550 | 4.00 | 8 |
| 2026-08-13 | 1 | 2200 | 550 | 4.00 | 9 |
| 2026-08-14 | 1 | 2200 | 550 | 4.00 | 10 |
| 2026-08-15 | 1 | 2200 | 550 | 4.00 | 11 |
| 2026-08-16 | 1 | 2200 | 550 | 4.00 | 12 |
12-Month Market Dynamics & Trend Trajectory
Vivid's lifetime average lease rent of $2,410 per month sits roughly 4.5% below the Etobicoke Centre submarket average of $2,524 per month, while its realized rate of $3.74 per square foot runs 4.1% above the submarket benchmark of $3.65 per square foot. This combination tells a clear story: Vivid's suites are slightly more compact than the submarket average, so tenants pay a modest premium per square foot but a lower total monthly rent, making the building competitive on headline price while delivering a tighter, higher-density product. The 24-day lifetime DOM is essentially at parity with the submarket's 25-day average, confirming that absorption speed is in line with local norms despite the zero-active-listing snapshot. On pricing discipline, all five tracked leases at Vivid closed at exactly 100% of asking price with a $0 monthly variance and zero annualized concession or premium. No landlord in this sample offered a discount, and no tenant negotiated below the listed rent, indicating that asking prices are already set at the market-clearing level for Etobicoke Centre. The balanced leverage reading means neither side holds a structural advantage at the lease table; landlords are pricing to demand, and tenants are accepting those prices without pushback, which is the hallmark of a well-calibrated, fully occupied building.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 1 | 2350 | 670 | 3.51 | 51 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 1 | 2800 | 850 | 3.29 | 22 |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 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 | 1 | 2399 | 550 | 4.36 | 24 |
| 2026-07-05 | 1 | 2300 | 650 | 3.54 | 10 |
| 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 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 1 | 2200 | 550 | 4.00 | 13 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Vivid at 1 Michael Power Pl sits in a dense cluster of four Port Royal Place towers along the same street corridor in Etobicoke Centre, all within 70 metres. Palais at Port Royal Place (3 Michael Power Pl, 0.03 km, built in 2012) recorded 8 closed leases over the trailing 180 days; Promenade at Port Royal Place (5 Michael Power Pl, 0.04 km, built in 2009) logged 6; Port Royal Place IV (7 Michael Power Pl, 0.07 km, built in 2006) closed 3; and Port Royal Place V (9 Michael Power Pl, 0.07 km, built in 2006) recorded a single lease transaction. All four competitors carry active lease volume, making this a fully transacting micro-market rather than a speculative or pre-lease pocket. The structural generation gap spans 2006 to 2015, with Vivid as the newest asset in the group and the two 2006 towers representing the oldest stock. Against the four-comp benchmark of $2,384 average rent, $3.79 per square foot, and 641 average square feet, Vivid's realized lease profile of $2,410 per month, $3.74 per square foot, and 654 square feet positions the building slightly above the peer set on total monthly rent while trading marginally below on rate per square foot. The 250-suite footprint and 2015 build date give Vivid a mid-generation advantage over the 2006 towers but place it a full decade behind Palais at Port Royal Place. At $3.74 per square foot, the subject sits 4.1 percent above the broader Etobicoke Centre submarket leased benchmark of $3.65 per square foot, confirming a modest premium for the building's amenity depth and newer construction relative to the wider submarket.
Comparable Analysis & Questions
How do rental rates at Vivid compare to neighbouring buildings within Etobicoke Centre?
Vivid's average realized lease rent of $2,410 per month runs $26 above the four-comp benchmark of $2,384, placing the building at a slight premium within its immediate street-level peer set. Palais at Port Royal Place (3 Michael Power Pl, 0.03 km, 8 closed leases) averaged $2,575 per month at $3.48 per square foot across 764 square feet, meaning Vivid trades at a lower monthly rent of $165 below that comp. Promenade at Port Royal Place (5 Michael Power Pl, 0.04 km, 6 closed leases) averaged $2,342 per month at $3.74 per square foot across 633 square feet, so Vivid commands a higher monthly rent of $68 above that peer. Port Royal Place V (9 Michael Power Pl, 0.07 km, 1 closed lease) recorded $2,300 per month at $4.18 per square foot across 550 square feet, placing Vivid at a higher monthly rent of $110 above that single-transaction comp. Port Royal Place IV (7 Michael Power Pl, 0.07 km, 3 closed leases) averaged $2,317 per month at $3.76 per square foot across 617 square feet, with Vivid trading at a higher monthly rent of $93 above that figure.
Does Vivid offer a competitive price-per-square-foot ($/SF) against local comparables?
Vivid's leased rate of $3.74 per square foot across an average 654-square-foot suite positions the building at a slight discount to the four-comp average of $3.79 per square foot while offering 13 more interior square feet than the peer mean of 641. Against Palais at Port Royal Place, Vivid commands a $0.26 per square foot (7.5 percent) premium but provides 110 fewer interior square feet, so the $165 lower monthly rent is driven entirely by the smaller footprint rather than weaker asset valuation. Versus Promenade at Port Royal Place, the two buildings trade at identical per-square-foot parity of $3.74, yet Vivid delivers 21 more interior square feet, explaining the $68 higher nominal rent as a pure space differential. Compared with Port Royal Place V, Vivid trades at a $0.44 per square foot (10.5 percent) discount while providing 104 more interior square feet, meaning the $110 higher monthly rent reflects the larger suite rather than a rate premium. Against Port Royal Place IV, Vivid offers a marginal $0.02 per square foot (0.5 percent) discount with 37 more interior square feet, and the $93 higher rent again traces to the expanded footprint.
How do building age, amenities, and developer reputation impact rent spreads?
Vivid's 15-amenity package—including an indoor pool, sauna and steam room, library and reading room, dining room and kitchen, children's playground, shared splash pad, garden and courtyard, and outdoor gazebo—gives it the broadest lifestyle offering in the four-building Michael Power Place cluster. Palais at Port Royal Place matches Vivid on the pool, sauna, and gym but lacks the library, dining room, outdoor playground, splash pad, garden courtyard, and BBQ area that Vivid provides. Promenade at Port Royal Place shares the dining room, playground, splash pad, and gazebo but omits the indoor pool, sauna and steam room, media theatre room, and library that distinguish Vivid's wellness and remote-work programming. Both Port Royal Place V and Port Royal Place IV include a golf simulator absent from Vivid's roster, yet neither offers the aquatic wellness suite (pool plus sauna), the dedicated library and reading room, the dining room and kitchen, or the family-oriented playground and splash pad. The combination of aquatic recreation, quiet study space, communal dining, and outdoor family play makes Vivid best suited to young professionals seeking a full-service urban lifestyle and small families who want on-site children's amenities without leaving the building.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Vivid.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Party & Lounge Room
- Sauna & Steam Room
- Media & Theatre Room
- Games & Billiards Room
- Meeting Room
- Library & Reading Room
- Dining Room & Kitchen
- Children's Playground - Outdoor
- Garden & Courtyard
- BBQ Area
- Shared Splash Pad
- Outdoor Gazebo
Residential Buildings in the Vicinity
- Palais at Port Royal Place28 m
- Promenade at Port Royal Place44 m
- Port Royal Place V70 m
- Port Royal Place IV75 m
- Port Royal Place III135 m
- Port Royal Place II162 m
- Network Lofts191 m
- Port Royal Place I193 m
- Westwood195 m
- ConneXion230 m
- ConneXion Condos244 m
- Evolution Condominiums254 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Vivid.
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.