Market Data as of August 31, 2026
The Humberside at Backyard Neighbourhood Condos — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
The Humberside at Backyard Neighbourhood Condos at 1 Neighbourhood Lane in Etobicoke's Kingsway submarket is a 97-suite residential building completed in 2020 by Vandyk Properties, and it currently sits at full occupancy with zero units listed as of August 31, 2026. The building has recorded three closed leases to date, including one transaction in the trailing 90-day window that closed at $2,200 per month with a six-day marketing period, while the trailing 30-day cohort shows no new leases. With an availability rate of zero percent, the building's active share of the Kingsway submarket stands at 0 out of 23 available listings.
Historical lease data places the building's realized average rent at $2,200 per month and $3.89 per square foot across an average suite footprint of 567 square feet, which is 8.1 percent above the submarket's realized lease benchmark of $3.70 per square foot. The submarket's current asking average sits at $2,952 per month and $3.82 per square foot, meaning the building's historical lease rate per square foot actually exceeds the broader Kingsway asking benchmark despite the lower nominal monthly figure. Because no active listings exist, current asking spreads and layout-level pricing cannot be calculated; renters should reference the building's closed lease benchmarks and the 23 active listings across the wider Kingsway submarket for comparable options.
Marketing friction at The Humberside is minimal on the leasing side, with the 90-day average days on market of six days running well below the submarket benchmark of 25 days, and no delisted, terminated, or expired listings recorded in the building's history. Across all three tracked closed transactions, tenants negotiated an average discount of $33 per month, or 1.42 percent below asking, representing roughly $396 in annual savings per lease. With zero active inventory, no layout tier currently offers multiple options; renters seeking a one-bedroom or two-bedroom unit in this building must monitor for future availability or pivot to the 23 active listings in the Kingsway submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 550 | 4.27 | 27 |
| 2026-04-28 | 1 | 2350 | 550 | 4.27 | 28 |
| 2026-04-29 | 1 | 2350 | 550 | 4.27 | 29 |
| 2026-05-04 | 1 | 2150 | 600 | 3.58 | N/A |
| 2026-05-05 | 1 | 2150 | 600 | 3.58 | 1 |
| 2026-05-06 | 1 | 2150 | 600 | 3.58 | 2 |
| 2026-05-07 | 1 | 2150 | 600 | 3.58 | 3 |
| 2026-05-08 | 1 | 2150 | 600 | 3.58 | 4 |
| 2026-05-09 | 1 | 2150 | 600 | 3.58 | 5 |
| 2026-05-10 | 1 | 2150 | 600 | 3.58 | 6 |
| 2026-05-11 | 1 | 2150 | 600 | 3.58 | 7 |
| 2026-05-12 | 1 | 2150 | 600 | 3.58 | 8 |
| 2026-05-13 | 1 | 2150 | 600 | 3.58 | 9 |
| 2026-05-14 | 1 | 2150 | 600 | 3.58 | 10 |
| 2026-05-15 | 1 | 2150 | 600 | 3.58 | 11 |
| 2026-05-16 | 1 | 2150 | 600 | 3.58 | 12 |
| 2026-05-17 | 1 | 2150 | 600 | 3.58 | 13 |
| 2026-05-18 | 1 | 2150 | 600 | 3.58 | 14 |
| 2026-05-19 | 1 | 2150 | 600 | 3.58 | 15 |
| 2026-05-20 | 1 | 2150 | 600 | 3.58 | 16 |
| 2026-05-21 | 1 | 2150 | 600 | 3.58 | 17 |
| 2026-05-22 | 1 | 2150 | 600 | 3.58 | 18 |
| 2026-05-23 | 1 | 2150 | 600 | 3.58 | 19 |
| 2026-05-24 | 1 | 2150 | 600 | 3.58 | 20 |
| 2026-05-25 | 1 | 2150 | 600 | 3.58 | 21 |
| 2026-05-26 | 1 | 2150 | 600 | 3.58 | 22 |
| 2026-05-27 | 1 | 2150 | 600 | 3.58 | 23 |
| 2026-05-29 | 1 | 2200 | 550 | 4.00 | N/A |
| 2026-05-30 | 1 | 2200 | 550 | 4.00 | 1 |
| 2026-05-31 | 1 | 2200 | 550 | 4.00 | 2 |
| 2026-06-01 | 1 | 2200 | 550 | 4.00 | 3 |
| 2026-06-02 | 1 | 2200 | 550 | 4.00 | 4 |
| 2026-06-03 | 1 | 2200 | 550 | 4.00 | 5 |
12-Month Market Dynamics & Trend Trajectory
The Humberside at Backyard Neighbourhood Condos realizes an average rent of $2,200 per month and $3.89 per square foot, positioning it 17.8% below the Etobicoke Kingsway submarket average lease rent of $2,677 while trading 8.1% above the submarket's $3.70 per square foot benchmark. This combination—lower nominal rent but a higher density rate—indicates the building's suites are compact relative to the submarket's implied 773-square-foot average, and tenants pay a small per-square-foot premium for the tighter footprint. On pricing discipline, one-third of tracked leases at The Humberside closed below asking, with an average tenant discount of $33 per month (1.42%) and $396 in annualized savings per unit. The net negotiation spread of -$33 confirms a tenant-favorable environment where landlords conceded modestly rather than holding firm at posted rates. No lease in the three-transaction sample closed at a premium, reinforcing that asking prices at this Etobicoke property carry slight built-in headroom for negotiation.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-24 | 1 | 2150 | 600 | 3.58 | 24 |
| 2026-05-31 | 1 | 2200 | 550 | 4.00 | 6 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
The Humberside at Backyard Neighbourhood Condos at 1 Neighbourhood Lane sits in a tight cluster of four nearby comparables, all of which recorded closed lease transactions over the trailing 180 days. The closest peer, The Queensview at Backyard Condos at 25 Neighbourhood Lane (0.13 km, completed 2023), logged 8 closed leases and represents the most active transactional benchmark in the immediate pocket. Princeton Apartments at 183 Berry Road (0.32 km, completed 1965) recorded 2 closed leases, while Waterford Tower I at 2087 Lake Shore Blvd W (1.25 km, completed 2005) and Nevis - Tower at 88 Palace Pier Crt (1.26 km, completed 2003) closed 3 and 1 leases respectively. The competitive set spans three distinct structural generations: the 1965 Princeton Apartments anchor the low end of the age spectrum, the 2003–2005 Waterford and Nevis towers occupy a mid-tier cohort, and the 2020 subject building alongside the 2023 Queensview represent the newest construction in this micro-market. Against the four-comp benchmark of $2,249 average rent, $3.44 per square foot, and 655 average square feet, The Humberside at Backyard Neighbourhood Condos positions itself as a smaller-footprint, higher-rate product. The subject's 567-square-foot average suite is 88 square feet below the comp mean, yet its $3.89 per square foot realized rate runs $0.45 above the comp average and 8.1 percent above the submarket leased benchmark of $3.70 per square foot. This configuration means the building captures a per-unit-area premium while offering less interior space than the typical nearby alternative, a trade-off that shifts value from raw square footage to construction quality, amenity density, and the 2020 build date relative to competitors ranging from 1965 to 2023.
25 Neighbourhood Lane, Etobicoke
Comparable Analysis & Questions
How do rental rates at The Humberside at Backyard Neighbourhood Condos compare to neighbouring buildings within Etobicoke Kingsway?
The Humberside at Backyard Neighbourhood Condos realized an average lease rent of $2,200 per month, sitting $49 below the four-comp benchmark of $2,249 and well under the submarket average of $2,677. The Queensview at Backyard Condos (25 Neighbourhood Lane, 0.13 km, 8 closed leases) averaged $2,504 per month at $3.58 per square foot across 701 square feet, meaning the subject trades at a $304 lower monthly rent. Princeton Apartments (183 Berry Road, 0.32 km, 2 closed leases) averaged $1,774 per month at $2.73 per square foot over 650 square feet, placing the subject at a $426 higher monthly rent. Waterford Tower I (2087 Lake Shore Blvd W, 1.25 km, 3 closed leases) averaged $2,667 per month at $3.71 per square foot across 717 square feet, so the subject trades at a $467 lower monthly rent. Nevis - Tower (88 Palace Pier Crt, 1.26 km, 1 closed lease) averaged $2,050 per month at $3.73 per square foot over 550 square feet, putting the subject at a $150 higher monthly rent.
Does The Humberside at Backyard Neighbourhood Condos offer a competitive price-per-square-foot ($/SF) against local comparables?
The Humberside at Backyard Neighbourhood Condos leases at $3.89 per square foot on an average 567-square-foot suite, a rate that exceeds every active nearby competitor while offering less interior space than three of the four comparables. Against The Queensview at Backyard Condos, the subject trades at a $0.31 per square foot (8.7 percent) premium while providing 134 fewer interior square feet; the $304 lower nominal rent is driven entirely by the smaller footprint rather than a lower per-area valuation. Versus Princeton Apartments, the subject commands a $1.16 per square foot (42.5 percent) premium on 83 fewer square feet, and the $426 higher total rent reflects both the rate gap and the building's 2020 construction versus Princeton's 1965 build date. Waterford Tower I presents a similar trade-off: the subject carries a $0.18 per square foot (4.9 percent) premium on 150 fewer square feet, so the $467 lower monthly rent is a footprint effect, not a discount in asset value. Nevis - Tower is the one comp where the subject provides 17 more interior square feet while still holding a $0.16 per square foot (4.3 percent) premium, resulting in a $150 higher total rent that reflects both rate and size advantages.
How do building age, amenities, and developer reputation impact rent spreads?
The Humberside at Backyard Neighbourhood Condos fields an 11-item amenity suite that includes a Yoga Studio, Fire Pit, Car Wash Bay, and Pet Wash Station—features that collectively differentiate it from every nearby competitor. The Queensview at Backyard Condos offers a Kids' Play Room and Garden & Courtyard but lacks the subject's Yoga Studio, Rooftop Terrace, Car Wash Bay, and Fire Pit. Waterford Tower I leans into aquatic and wellness programming with an Indoor Pool, Sauna & Steam Room, and Hot Tub & Jacuzzi, yet omits the Yoga Studio, Garden & Courtyard, Pet Wash Station, Car Wash Bay, and Fire Pit found at the subject. Nevis - Tower provides a Putting Green, Media & Theatre Room, and Sauna & Steam Room but does not include a Yoga Studio, Garden & Courtyard, or Pet Wash Station. Princeton Apartments, built in 1965, offers only a Shared Laundry Room and Convenience Store alongside concierge service, making it the clear low-amenity outlier. The subject's package—blending active wellness (Yoga Studio, Gym), outdoor social space (Rooftop Terrace, Fire Pit, BBQ Area), practical convenience (Car Wash Bay, Pet Wash Station), and professional flexibility (Meeting Room)—is best suited to young professionals and small pet-owning households who prioritize a full-service lifestyle without the aquatic-heavy, resort-style programming of the older Lake Shore towers.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around The Humberside at Backyard Neighbourhood Condos.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Rooftop Terrace
- Garden & Courtyard
- Party & Lounge Room
- Meeting Room
- BBQ Area
- Pet Wash Station
- Car Wash Bay
- Fire Pit
Residential Buildings in the Vicinity
- The Queensview at Backyard Condos130 m
- Princeton Apartments322 m
- Southport I1.0 km
- The Brule1.1 km
- 2545 Bloor West1.1 km
- Southampton1.1 km
- Southport III1.1 km
- Two Old Mill1.1 km
- Southport IV1.2 km
- One Old Mill1.2 km
- South Kingsway Village II1.2 km
- South Kingsway Village III1.2 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Humberside at Backyard Neighbourhood Condos.
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.