Market Data as of August 31, 2026
Loggia I — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Developed by Brandy Lane Homes, Loggia I is an established residential building located at 1040 The Queensway in the Etobicoke South neighborhood. Completed in 2008, the 174-suite property currently maintains a slim active inventory of 1 listing, translating to an availability rate of 0.6 percent. Over the last 90 days, closed leasing volume stands at 1 transaction with an average of 4 days on the market, while 30-day leasing volume registered 0 closed transactions with an average days on market of unavailable.
Active asking rent sits at $2,250 per month, matching an average asking rate of $3.46 per square foot across its 650-square-foot footprint. Over the preceding 90 days, realized leases averaged $2,000 per month at $3.64 per square foot, positioning the current asking rate slightly below historical norms due to size characteristics. Compared to the Etobicoke South submarket asking benchmark of $3.90 per square foot, the property offers a more competitive rate per square foot by 11.3 percent.
Marketing friction remains minimal, with closed days on the market averaging 4 days and 50.0 percent of leases securing an average tenant discount of $25 per month or 1.04 percent below asking. Prospective tenants face highly constrained inventory, with only 1-Bedroom layouts currently available on the market and zero multi-bedroom suites listed for rent.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Loggia I as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Loggia I recently?
Loggia I currently features 1 active listing as of August 31, 2026, with an asking rent and median rent of $2,250 per month across a price range spanning from $2,250 to $2,250 per month. The available suite spans 650 square feet at an asking rate of $3.46 per square foot. One-bedroom units command 100 percent of the active inventory share, reflecting a portfolio focused entirely on compact, entry-level layouts.
What floor plans and unit layouts are currently available at Loggia I?
The dominant active layout at Loggia I is the 1-Bedroom, representing 1 active listing and a 100 percent inventory share. This single layout tier averages $2,250 per month across 650 square feet at a rate of $3.46 per square foot. There are zero active listings available for multi-bedroom configurations.
What is the average asking rent and $/SF by suite size at Loggia I?
Loggia I exhibits a minimum entry rent of $2,250 per month and a peak asking rent of $2,250 per month, resulting in a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent sits at $2,250 per month. The entry-level 1-Bedroom suite offers 650 square feet at an asking rate of $3.46 per square foot, matching the peak suite dimensions and pricing metrics identically.
How much extra do parking spaces and dens cost at Loggia I?
Active den premiums at Loggia I cannot be quantified as current inventory lacks den configurations, resulting in a null square footage delta. Active parking premium data cannot be reliably isolated due to insufficient paired samples, preventing the quotation of specific parking fees or luxury positioning.
How do asking rents at Loggia I compare to local and municipal benchmarks?
Loggia I asks an average of $2,250 per month at $3.46 per square foot, trailing the Etobicoke South submarket asking benchmarks of $2,689 per month and $3.90 per square foot. The nominal rent variance is driven by compact suite sizing and lower overall square footage rather than cheaper unit pricing. The building's asking rate per square foot sits 11.3 percent below the submarket asking benchmark while accounting for 2.8 percent of submarket active inventory.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2548 | 750 | 3.41 | 30 |
| 2026-04-28 | 1 | 2295 | 650 | 3.53 | 4 |
| 2026-04-29 | 1 | 2295 | 650 | 3.53 | 5 |
| 2026-05-08 | 1 | 2100 | 550 | 3.82 | N/A |
| 2026-05-09 | 1 | 2100 | 550 | 3.82 | 1 |
| 2026-05-10 | 1 | 2100 | 550 | 3.82 | 2 |
| 2026-05-11 | 1 | 2100 | 550 | 3.82 | 3 |
| 2026-05-12 | 1 | 2100 | 550 | 3.82 | 4 |
| 2026-05-13 | 1 | 2100 | 550 | 3.82 | 5 |
| 2026-05-14 | 1 | 2100 | 550 | 3.82 | 6 |
| 2026-06-05 | 1 | 2000 | 550 | 3.64 | N/A |
| 2026-06-06 | 1 | 2000 | 550 | 3.64 | 1 |
| 2026-06-07 | 1 | 2000 | 550 | 3.64 | 2 |
| 2026-06-08 | 1 | 2000 | 550 | 3.64 | 3 |
| 2026-08-28 | 1 | 2250 | 650 | 3.46 | N/A |
| 2026-08-29 | 1 | 2250 | 650 | 3.46 | 1 |
| 2026-08-30 | 1 | 2250 | 650 | 3.46 | 2 |
| 2026-08-31 | 1 | 2250 | 650 | 3.46 | 3 |
12-Month Market Dynamics & Trend Trajectory
Loggia I has recorded a lifetime leasing volume of 4 closed transactions, achieving an average rent of $2,274 per month at an average rate of $3.53 per square foot across an average suite size of 650 square feet. Average days on market historically sit at 19 days, reflecting steady baseline tenant turnover for the building. Pricing discipline at the property leans toward tenant-favorable conditions, with transactions exhibiting a net negotiation discount of $25 per month or 1.04% below asking. With half of all deals securing minor landlord concessions and savings of $300 per year, prospective renters retain modest leverage during lease execution.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-10 | 1 | 2050 | 550 | 3.73 | 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 | 2000 | 550 | 3.64 | 4 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Loggia I at 1040 The Queensway competes within an Etobicoke South micro-market anchored by four direct residential comparables ranging from 0.07 kilometers to 0.49 kilometers away. The immediate competitive set includes Loggia II (1050 The Queensway, built in 2008, 0.07 km away, 1 active listing), The Hive (51 Lady Bank Rd, built in 2014, 0.37 km away, 1 active listing), 859 West (859 The Queensway, built in 2024, 0.47 km away, 8 active listings), and IQ I (1185 The Queensway, built in 2015, 0.49 km away, 4 active listings). These properties illustrate a clear generational divide, contrasting the 2008-era construction of the Loggia towers against mid-2010s developments and brand-new 2024 inventory. Across this competitive cohort, the overall benchmark average sits at $2,354 per month with an average size of 647 square feet and a rate of $3.68 per square foot. Loggia I aligns closely with these localized norms, delivering stable mid-tier square footages and competitive pricing that positions the building advantageously against both compact newer builds and larger modern high-rises in the immediate area.
Comparable Analysis & Questions
How do rental rates at Loggia I compare to neighbouring buildings within Etobicoke South?
Loggia I records an average lease rent of $2,274 per month, trading slightly below the overall comparable average of $2,354 per month across the micro-market. Nearby competing properties show distinct pricing profiles: Loggia II at 1050 The Queensway (0.07 km away, built in 2008) commands an average lease rent of $2,400 per month at $3.69 per square foot across an average of 650 square feet. The Hive at 51 Lady Bank Rd (0.37 km away, built in 2014) achieves an average lease rent of $2,000 per month at $3.67 per square foot across an average of 545 square feet. 859 West at 859 The Queensway (0.47 km away, built in 2024) reaches an average lease rent of $2,741 per month at $3.45 per square foot across an average of 806 square feet. IQ I at 1185 The Queensway (0.49 km away, built in 2015) records an average lease rent of $2,275 per month at $3.89 per square foot across an average of 588 square feet.
Does Loggia I offer a competitive price-per-square-foot ($/SF) against local comparables?
Loggia I delivers a compelling value proposition by offering an established layout structure with an average lease rate of $3.53 per square foot across 650 square feet, undercutting several newer local alternatives on a square-foot basis. Renters at Loggia I secure larger interior footprints than high-density mid-2010s alternatives like IQ I at 588 square feet ($3.89 per square foot) and compact builds like The Hive at 545 square feet ($3.67 per square foot), while benefiting from more accessible pricing than the brand-new 859 West at 806 square feet ($3.45 per square foot). This balance allows residents to avoid the premium pricing attached to newer 2024 inventory while securing more generous living space than what is typically found in younger micro-condos.
How do building age, amenities, and developer reputation impact rent spreads?
Loggia I delivers a robust suite of wellness and social amenities that successfully rivals newer developments along The Queensway. Loggia I features a comprehensive amenity package highlighted by concierge & security, a gym & fitness centre, an indoor pool, a hot tub & jacuzzi, a sauna & steam room, a party & lounge room, a meeting room, a garden & courtyard, a rooftop terrace, and a dining room & kitchen. When contrasted with peers, Loggia I matches or exceeds the recreational offerings of older twin assets like Loggia II (which features concierge & security, a gym & fitness centre, an indoor pool, a hot tub & jacuzzi, a sauna & steam room, a party & lounge room, a meeting room, a dining room & kitchen, a rooftop terrace, and a garden & courtyard) while offering significantly more extensive indoor aquatic and wellness facilities than newer builds like The Hive (which is limited to a BBQ area and concierge & security). This amenity configuration makes Loggia I particularly appealing to lifestyle-focused renters seeking comprehensive on-site wellness and entertainment spaces without paying top-tier rents for 2024 construction.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Loggia I.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Garden & Courtyard
- Rooftop Terrace
- Dining Room & Kitchen
Residential Buildings in the Vicinity
- The Verge Condominiums69 m
- Loggia II69 m
- Verge Condos116 m
- The Hive372 m
- Kazmir Condos440 m
- 859 West473 m
- IQ I486 m
- Park Towers at IQ - East Tower498 m
- Park Towers at IQ - West Tower538 m
- The Tailor571 m
- Thirty Six Zorra629 m
- Curio Condos770 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Loggia I.
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.
