Market Data as of August 31, 2026
455 Adelaide W (10 Morrison St) — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
455 Adelaide W, located at 10 Morrison St in Toronto's Downtown West submarket, is a 103-suite residential building completed in 2009 by Freed Developments and Lash Development Corp. As of August 31, 2026, the tower is fully occupied with zero units currently listed for rent, yielding an availability rate of 0 percent. Leasing activity remains steady: two closed leases in the trailing 30 days at an average of $3,225 per month and 43 days on market, and four closed leases over the past 90 days averaging $3,188 per month with a 23-day marketing cycle.
With no active listings to benchmark, the building's pricing picture rests on its six tracked historical leases. The all-time average realized rent of $3,050 per month sits just above the Downtown West submarket average of $3,033 per month, while the realized rate of $4.02 per square foot trails the submarket's $4.55 per square foot by roughly 7.9 percent. The average leased suite spans 761 square feet, a footprint that comfortably exceeds the submarket's implied asking size of 640 square feet, meaning tenants at 10 Morrison St are securing notably larger living areas than the typical Downtown West listing.
Marketing friction at this address is moderate rather than acute. The 30-day average days on market of 43 exceeds the submarket benchmark of 20 days, signaling a slower leasing cadence than the broader area, even though zero delisted, expired, or terminated listings have been recorded. Negotiation dynamics consistently favor landlords across all tracked closed transactions, with an average premium of $50 per month (1.61 percent above asking) translating to $600 in additional annual rental revenue per unit. For prospective renters, the practical takeaway is straightforward: with zero active inventory, the only path into 10 Morrison St is through a waitlist or a unit that becomes available, and the broader Downtown West pool of 170 active listings offers the nearest alternatives.
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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 455 Adelaide W (10 Morrison St) (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at 455 Adelaide W (10 Morrison St) last month, and how fast did they rent?
10 Morrison St closed two leases in the trailing 30 days at an average 43 days on market, compared to a 90-day average of 23 DOM and a submarket benchmark of 20 DOM. Over the past 90 days the building recorded four closed leases, and the full trailing year and lifetime total both stand at six transactions. Leasing cadence moderated sharply in August, where the two most recent closings sat on market for 43 days—more than double the building's all-time average of 19 DOM—signalling a pause in absorption velocity rather than sustained momentum.
What is the negotiation spread between asking rents and closed lease prices at 455 Adelaide W (10 Morrison St)?
10 Morrison St landlords captured an average premium of $50 per month (1.61% above asking) across tracked leases, translating to $600 per year in additional rental revenue per unit. Every one of the six recorded transactions settled at or above the listed asking price, confirming landlord pricing leverage in this submarket. Tenants absorbed the full asking rate without negotiated concessions, a pattern consistent with the building's zero-availability position and limited Downtown West inventory.
What are typical executed lease prices across different layouts at 455 Adelaide W (10 Morrison St)?
The 1-Bedroom + Den layout anchors 10 Morrison St's leasing volume at three closed leases (50% share) averaging $2,833 per month with a 20-day DOM, while the standard 1-Bedroom tier accounts for two leases at $3,150 per month and a 4-day DOM. The 1-Bedroom + Den tier spans a P25–P75 range of $2,775 to $2,875 across an average 722 square foot footprint at $3.96 per square foot; this is a limited sample of three transactions and serves as a directional indicator only. The 1-Bedroom tier shows a P25–P75 band of $2,975 to $3,325 across 775 square feet at $4.05 per square foot, also a small sample of two deals. The 2-Bedroom tier records a single transaction at $3,500 per month for 850 square feet at $4.12 per square foot with a 43-day DOM; this is an individual single transaction and does not constitute a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at 455 Adelaide W (10 Morrison St)?
10 Morrison St realized a verified parking premium of $267 per month bundled into lease transactions. Active asking parking rates cannot be reliably isolated due to insufficient paired sample data, so the $267 figure stands as the sole verified reference point for parking value at this address. Tenants effectively paid this premium as part of their all-in monthly cost, and with zero active listings currently on market, no comparative asking-side parking spread can be confirmed.
How does the lease-to-listing ratio at 455 Adelaide W (10 Morrison St) reflect current tenant demand?
10 Morrison St rents climbed from a spring low of $2,750 in May to a July peak of $3,500 before settling at $3,225 in August across the tracked five-month window. April closed one lease at $2,800 per month ($3.66 per square foot, 12 DOM). May recorded one deal at $2,750 per month; the nominal dip from April reflects a slightly more compact suite footprint rather than property devaluation, as the rate per square foot actually ticked up to $3.67 (7 DOM). June closed one lease at $2,800 per month ($3.73 per square foot, 2 DOM). July jumped to $3,500 per month ($4.38 per square foot, 5 DOM) on a single 2-Bedroom transaction. August closed two leases at $3,225 per month ($4.33 per square foot) but sat on market for 43 days, the longest stretch in the series.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-05-07 | 1 | 2800 | 750 | 3.73 | N/A |
| 2026-05-08 | 1 | 2800 | 750 | 3.73 | 1 |
| 2026-05-09 | 1 | 2800 | 750 | 3.73 | 2 |
| 2026-05-10 | 1 | 2800 | 750 | 3.73 | 3 |
| 2026-05-11 | 1 | 2800 | 750 | 3.73 | 4 |
| 2026-05-12 | 1 | 2800 | 750 | 3.73 | 5 |
| 2026-05-13 | 1 | 2800 | 750 | 3.73 | 6 |
| 2026-06-05 | 1 | 2800 | 750 | 3.73 | N/A |
| 2026-06-06 | 1 | 2800 | 750 | 3.73 | 1 |
| 2026-06-26 | 1 | 2800 | 650 | 4.31 | N/A |
| 2026-06-27 | 1 | 2800 | 650 | 4.31 | 1 |
| 2026-06-28 | 1 | 2800 | 650 | 4.31 | 2 |
| 2026-06-29 | 1 | 2800 | 650 | 4.31 | 3 |
| 2026-06-30 | 1 | 2800 | 650 | 4.31 | 4 |
| 2026-07-01 | 1 | 2800 | 650 | 4.31 | 5 |
| 2026-07-02 | 1 | 2800 | 650 | 4.31 | 6 |
| 2026-07-03 | 1 | 2800 | 650 | 4.31 | 7 |
| 2026-07-04 | 1 | 2800 | 650 | 4.31 | 8 |
| 2026-07-05 | 1 | 2800 | 650 | 4.31 | 9 |
| 2026-07-06 | 1 | 2800 | 650 | 4.31 | 10 |
| 2026-07-07 | 1 | 2800 | 650 | 4.31 | 11 |
| 2026-07-08 | 1 | 2800 | 650 | 4.31 | 12 |
| 2026-07-09 | 1 | 2800 | 650 | 4.31 | 13 |
| 2026-07-10 | 1 | 2800 | 650 | 4.31 | 14 |
| 2026-07-11 | 1 | 2800 | 650 | 4.31 | 15 |
| 2026-07-12 | 1 | 2800 | 650 | 4.31 | 16 |
| 2026-07-13 | 2 | 3050 | 725 | 4.22 | 9 |
| 2026-07-14 | 3 | 3200 | 767 | 4.18 | 6 |
| 2026-07-15 | 3 | 3200 | 767 | 4.18 | 7 |
| 2026-07-16 | 3 | 3200 | 767 | 4.18 | 8 |
| 2026-07-17 | 3 | 3200 | 767 | 4.18 | 9 |
| 2026-07-18 | 2 | 3150 | 750 | 4.21 | 13 |
| 2026-07-19 | 2 | 3150 | 750 | 4.21 | 14 |
| 2026-07-20 | 2 | 3150 | 750 | 4.21 | 15 |
| 2026-07-21 | 2 | 3150 | 750 | 4.21 | 16 |
| 2026-07-22 | 2 | 3150 | 750 | 4.21 | 17 |
| 2026-07-23 | 2 | 3150 | 750 | 4.21 | 18 |
| 2026-07-24 | 2 | 3150 | 750 | 4.21 | 19 |
| 2026-07-25 | 2 | 3150 | 750 | 4.21 | 20 |
| 2026-07-26 | 2 | 3150 | 750 | 4.21 | 21 |
| 2026-07-27 | 2 | 3150 | 750 | 4.21 | 22 |
| 2026-07-28 | 2 | 3150 | 750 | 4.21 | 23 |
| 2026-07-29 | 2 | 3150 | 750 | 4.21 | 24 |
| 2026-07-30 | 2 | 3150 | 750 | 4.21 | 25 |
| 2026-07-31 | 2 | 3150 | 750 | 4.21 | 26 |
| 2026-08-01 | 2 | 3150 | 750 | 4.21 | 27 |
| 2026-08-02 | 2 | 3150 | 750 | 4.21 | 28 |
| 2026-08-03 | 2 | 3150 | 750 | 4.21 | 29 |
| 2026-08-04 | 2 | 3150 | 750 | 4.21 | 30 |
| 2026-08-05 | 2 | 3150 | 750 | 4.21 | 31 |
| 2026-08-06 | 2 | 3150 | 750 | 4.21 | 32 |
| 2026-08-07 | 1 | 3500 | 850 | 4.12 | 24 |
| 2026-08-08 | 1 | 3500 | 850 | 4.12 | 25 |
| 2026-08-09 | 1 | 3500 | 850 | 4.12 | 26 |
| 2026-08-10 | 1 | 3500 | 850 | 4.12 | 27 |
| 2026-08-11 | 1 | 3500 | 850 | 4.12 | 28 |
| 2026-08-12 | 1 | 3500 | 850 | 4.12 | 29 |
| 2026-08-13 | 1 | 3500 | 850 | 4.12 | 30 |
| 2026-08-14 | 1 | 3500 | 850 | 4.12 | 31 |
| 2026-08-15 | 1 | 3500 | 850 | 4.12 | 32 |
| 2026-08-16 | 1 | 3500 | 850 | 4.12 | 33 |
| 2026-08-17 | 1 | 3500 | 850 | 4.12 | 34 |
| 2026-08-18 | 1 | 3500 | 850 | 4.12 | 35 |
| 2026-08-19 | 1 | 3500 | 850 | 4.12 | 36 |
| 2026-08-20 | 1 | 3500 | 850 | 4.12 | 37 |
| 2026-08-21 | 1 | 3500 | 850 | 4.12 | 38 |
| 2026-08-22 | 1 | 3500 | 850 | 4.12 | 39 |
| 2026-08-23 | 1 | 3500 | 850 | 4.12 | 40 |
| 2026-08-24 | 1 | 3500 | 850 | 4.12 | 41 |
| 2026-08-25 | 1 | 3500 | 850 | 4.12 | 42 |
12-Month Market Dynamics & Trend Trajectory
10 Morrison St realized an average rent of $3,050 per month and a rate of $4.02 per square foot across six lifetime leases, positioning the building $17 above the Downtown West submarket average lease rent of $3,033 while trading 7.9% below the submarket's $4.55 per square foot benchmark. The lower rate per square foot reflects the building's larger-than-average suite footprints—761 square feet on average versus the submarket's implied ~640 square feet—rather than a devaluation signal, as tenants paid a modest nominal premium over the submarket mean. Pricing discipline at 10 Morrison St favours landlords decisively: all six tracked transactions closed at or above asking, with an average premium of $50 per month (1.61%) generating $600 per year in incremental revenue per unit. No lease in the dataset required a discount below the listed rate, and the zero-availability position across 103 suites reinforces that landlords set terms without tenant-side concession pressure.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-10 | 1 | 2750 | 750 | 3.67 | 7 |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 2800 | 750 | 3.73 | 2 |
| 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 | 1 | 3500 | 800 | 4.38 | 5 |
| 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 | 2950 | 650 | 4.54 | 42 |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 3500 | 850 | 4.12 | 43 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
455 Adelaide W (10 Morrison St), a 103-suite building completed in 2009, sits within a tight competitive cluster of four nearby residential buildings in Toronto's Downtown West submarket. The closest active peer is Fashion House – Adelaide Building at 461 Adelaide St W, just 0.05 km away and completed in 2014, which recorded 4 closed leases over the trailing 180 days. Slightly further out, Fashion House – King Building at 560 King St W (0.07 km, also completed in 2014) logged 18 closed leases, the highest transaction volume in this set. Quad Lofts I at 19 Brant St, a 2006 build 0.1 km to the south, closed 1 lease in the same window, while The Brant Park at 39 Brant St (0.13 km, completed in 2017) recorded 11 closed leases. All four competitors generated at least one lease transaction in the past six months, meaning each serves as an active pricing benchmark rather than a purely architectural reference. The structural generations span from Quad Lofts I's 2006 completion through the subject's 2009 build to the 2014 Fashion House pair and The Brant Park's 2017 delivery, creating a roughly 11-year age spread across the immediate pocket. Against the four-comp benchmark of an average realized rent of $2,805 per month, $4.73 per square foot, and 600 square feet of interior space, 455 Adelaide W positions itself as a larger-footprint, lower-rate-per-square-foot option. The subject's all-time leased average of $3,050 per month and $4.02 per square foot across 761 square feet means renters pay a higher nominal monthly figure but receive substantially more interior area at a meaningfully lower unit rate. This trade-off places the building squarely in the value-per-space tier of the Downtown West micro-market, appealing to tenants who prioritize square footage over amenity density and are willing to forgo the gym, pool, or meeting-room packages that define its newer neighbours.
Comparable Analysis & Questions
How do rental rates at 455 Adelaide W (10 Morrison St) compare to neighbouring buildings within Downtown West?
455 Adelaide W (10 Morrison St) realizes an average lease rent of $3,050 per month, which sits $245 above the four-comp benchmark of $2,805 and reflects the building's larger average suite size of 761 square feet. Fashion House – Adelaide Building at 461 Adelaide St W (0.05 km, 4 closed leases) averages $2,313 per month at $4.56 per square foot across 513 square feet, meaning the subject commands $737 more per month despite offering 248 additional square feet. Fashion House – King Building at 560 King St W (0.07 km, 18 closed leases) averages $2,892 per month at $4.38 per square foot over 676 square feet, placing the subject $158 higher on a monthly basis while providing 85 more square feet. Quad Lofts I at 19 Brant St (0.1 km, 1 closed lease) averages $3,750 per month at $5.00 per square foot across 750 square feet, so the subject trades $700 lower per month while delivering 11 additional square feet. The Brant Park at 39 Brant St (0.13 km, 11 closed leases) averages $2,264 per month at $4.97 per square foot over 459 square feet, making the subject $786 higher monthly while providing 302 more square feet. Every competitor in this set recorded at least one closed lease in the trailing 180 days, so each figure represents a realized transaction rather than an asking-price estimate.
Does 455 Adelaide W (10 Morrison St) offer a competitive price-per-square-foot ($/SF) against local comparables?
455 Adelaide W (10 Morrison St) leases at $4.02 per square foot across an average 761-square-foot suite, trading at a discount below every active competitor in this pocket while delivering more interior space than each one. Against Fashion House – Adelaide Building ($4.56 per square foot, 513 sq ft), the subject offers a $0.54 per square foot discount (11.8% lower rate) and 248 additional square feet, so the higher nominal rent of $737 per month is driven entirely by the larger footprint rather than a premium valuation. Fashion House – King Building ($4.38 per square foot, 676 sq ft) shows the same pattern: the subject trades at a $0.36 per square foot discount (8.2% lower) with 85 more square feet, and the $158 monthly premium reflects extra space, not a rate advantage. Quad Lofts I ($5.00 per square foot, 750 sq ft) presents the sharpest contrast—the subject trades at a $0.98 per square foot discount (19.6% lower) with 11 more square feet, yet still rents $700 per month less, underscoring that the 2006 loft product commands a materially higher unit rate. The Brant Park ($4.97 per square foot, 459 sq ft) shows the widest spread: the subject trades at a $0.95 per square foot discount (19.1% lower) while providing 302 additional square feet, and the $786 monthly premium is a direct function of the nearly 66% larger interior area. In every case, the subject's lower per-square-foot rate combined with its larger suite size means the nominal rent differential is a space equation, not an asset-valuation premium.
How do building age, amenities, and developer reputation impact rent spreads?
455 Adelaide W (10 Morrison St) provides a lean four-item amenity package—Concierge & Security, BBQ Area, Party & Lounge Room, and Garden & Courtyard—that is the thinnest in its immediate peer set and lacks the fitness, aquatic, and remote-work facilities that define every nearby competitor. All four comps include a Gym & Fitness Centre, a feature entirely absent from 10 Morrison St; Fashion House – Adelaide Building and Fashion House – King Building each add an Outdoor Pool, Dining Room & Kitchen, Media & Theatre Room, and Rooftop Terrace, while Quad Lofts I layers in an Indoor Pool, Sauna & Steam Room, Meeting Room, and Games & Billiards Room. The Brant Park rounds out its offering with a Meeting Room and Yoga Studio. The subject's shared features—Concierge & Security, BBQ Area, Party & Lounge Room, and Garden & Courtyard—appear in three or four of the four competitors, confirming they are table-stakes in this micro-market rather than differentiators. With no gym, pool, meeting space, or media room on site, 455 Adelaide W operates as a straightforward residential building where the value proposition rests on interior square footage and a lower per-square-foot rate rather than lifestyle programming. This profile best serves cost-conscious professionals and small households who prioritize a spacious one-bedroom-plus-den layout over on-site fitness or social infrastructure and are comfortable using neighbourhood gyms, parks, or co-working spaces for their daily routines.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around 455 Adelaide W (10 Morrison St).
Building Amenities
- Concierge & Security
- BBQ Area
- Party & Lounge Room
- Garden & Courtyard
Residential Buildings in the Vicinity
- Fashion House - Adelaide Building51 m
- Fashion House - King Building69 m
- Quad Lofts I105 m
- The Brant Park126 m
- 123 Portland144 m
- Lofts 399148 m
- The Sylvia170 m
- Waterworks176 m
- Zen Lofts180 m
- Quad Lofts II194 m
- Camden Lofts195 m
- Seventy5 Portland195 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 455 Adelaide W (10 Morrison St).
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.