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Market Data as of August 31, 2026

Stonebrook I — Rental Market Data

1055 Southdown Rd, Mississauga, Ontario L5J 0A3
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom
1
$2,900

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2010
Total Suites226
DeveloperUnited Lands Corporation

Stonebrook I, located at 1055 Southdown Rd in the Erindale neighborhood of Mississauga, is an established 226-suite residential building developed by United Lands Corporation and completed in 2010. The property currently features 1 active listing representing a 0.4% availability rate. Recent leasing activity records 3 closed leases over the past 90 days averaging 16 days on the market, alongside 1 closed lease in the past 30 days averaging 13 days on the market.

Active asking rent sits at $2,900 per month at $3.41 per square foot across an 850 square foot floor plan, which compares to realized 90-day leases averaging $2,417 per month at $3.21 per square foot across an average of 760 square feet. Current active inventory skews toward larger two-bedroom layouts compared to past leases. The active asking rate of $3.41 per square foot tracks 1.8% above the Erindale submarket asking benchmark of $3.35 per square foot.

Landlord and tenant metrics indicate tenant-favorable conditions, with 60.0% of recent leases closing under asking at an average discount of $60 per month or 2.58% below list price, saving tenants $720 annually. With zero delisted properties recorded, active inventory is restricted entirely to a single two-bedroom suite, leaving zero units available across other layout tiers.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Stonebrook I as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units1
0
Avg Asking Rent$2,900
+$150 (5.5%)
Avg Suite Size850 sf
-50 sf (5.6%)
Avg Days on Market19d
+19d (0.0%)
Avg Asking $/SF$3.41
+$0.36 (11.7%)

Active Market Insights & Questions

How has rental availability changed at Stonebrook I recently?

Stonebrook I holds 1 active listing as of August 31, 2026, commanding an asking rent of $2,900 per month. The active suite spans 850 square feet with an asking rate of $3.41 per square foot, entirely concentrated in two-bedroom layouts which account for 100% of current inventory, reflecting a complete lean toward multi-bedroom executive configurations.

What floor plans and unit layouts are currently available at Stonebrook I?

Stonebrook I features 2-Bedroom suites as the dominant active layout, represented by 1 listing capturing a 100% inventory share. This single active two-bedroom listing averages $2,900 per month across 850 square feet at an asking rate of $3.41 per square foot. All other bedroom tiers currently exhibit zero active units available for lease.

What is the average asking rent and $/SF by suite size at Stonebrook I?

Stonebrook I records a minimum entry rent of $2,900 per month and a peak asking rent of $2,900 per month, generating a dollar spread of $0 and a percentage spread of 0%. The median asking rent matches at $2,900 per month, represented exclusively by the 850 square foot two-bedroom entry-level suite asking $3.41 per square foot, which simultaneously serves as the maximum asking suite configuration.

How much extra do parking spaces and dens cost at Stonebrook I?

Stonebrook I has active den premium data that is unavailable, as active den metrics are null. Active parking premium data cannot be reliably isolated due to an insufficient sample, meaning parking costs cannot be verified from current listings.

How do asking rents at Stonebrook I compare to local and municipal benchmarks?

Stonebrook I asks an average rent of $2,900 per month at $3.41 per square foot, compared to the Erindale submarket asking benchmark of $3,043 per month at $3.35 per square foot. The building's asking rate per square foot is positioned 1.8% above the wider submarket average while commanding a modest share of active submarket inventory.

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 Stonebrook I (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,750
Avg Leased Size760 sf
Avg Days to Lease13d
Leased $/SF$3.06

Leased Transaction Insights & Questions

How many suites were leased at Stonebrook I last month, and how fast did they rent?

At Stonebrook I, leasing velocity recorded an average of 13 days on market over the past 30 days, 16 days on market over the past 90 days, and a submarket benchmark average of 31 days. Leasing turnover moved from 1 closed lease in April up to 1 closed lease in August with steady absorption.

What is the negotiation spread between asking rents and closed lease prices at Stonebrook I?

At Stonebrook I, transactions closed with an average monthly discount of $60 per month, or 2.58% below asking, delivering $720 in annual tenant savings. Exactly 60.0% of leases closed under asking, reflecting tenant-favorable market leverage and landlord concessions.

What are typical executed lease prices across different layouts at Stonebrook I?

At Stonebrook I, the highest-volume anchor layouts are 1-Bedroom and 1-Bedroom + Den configurations. For 1-Bedroom units, the building recorded 3 closed leases at an average monthly rent of $2,317 per month and an average of 14 days on market; this represents a limited sample size rather than a single deal, with a median rent of $2,450 per month, a P25-P75 range of $2,225 to $2,475 per month, an average size of 750 square feet, and $3.15 per square foot. For 1-Bedroom + Den units, the building recorded 2 closed leases at an average monthly rent of $2,450 per month and an average of 24 days on market; this represents a limited sample size, with a median rent of $2,450 per month, a P25-P75 range of $2,300 to $2,600 per month, an average size of 775 square feet, and $3.18 per square foot.

What measurable rent premium did suites with parking achieve in closed leases at Stonebrook I?

At Stonebrook I, realized parking premium data is inconclusive due to insufficient paired sample records. Parking was typically bundled into suite agreements without separate line-item values, and active asking figures lack reliable isolation.

How does the lease-to-listing ratio at Stonebrook I reflect current tenant demand?

At Stonebrook I, overall rent tracked a fluctuating trajectory across the monitored timeline. In April 2026, 1 deal closed at an average rent of $2,450 per month, at $2.88 per square foot, taking 7 days on market. In May 2026, 1 deal closed at an average rent of $2,150 per month, at $3.31 per square foot, taking 35 days on market. In June 2026, 1 deal closed at an average rent of $2,500 per month, at $2.94 per square foot, taking 16 days on market. In July 2026, 1 deal closed at an average rent of $2,000 per month, at $3.64 per square foot, taking 18 days on market. In August 2026, 1 deal closed at an average rent of $2,750 per month, at $3.06 per square foot, taking 13 days on market.

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.

Suite Filters
Select layout to filter chart
Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27123006503.5421
2026-04-28123006503.5422
2026-04-29123006503.5423
2026-04-30123006503.5424
2026-05-01123006503.5425
2026-05-02123006503.5426
2026-05-03123006503.5427
2026-05-04123006503.5428
2026-05-05123006503.5429
2026-05-06123006503.5430
2026-05-07123006503.5431
2026-05-08123006503.5432
2026-05-09123006503.5433
2026-05-10123006503.5434
2026-05-26124006503.69N/A
2026-05-27124006503.691
2026-05-28124006503.692
2026-05-29124006503.693
2026-05-30124006503.694
2026-05-31124006503.695
2026-06-01124006503.696
2026-06-02124006503.697
2026-06-03124006503.698
2026-06-04124006503.699
2026-06-05124006503.6910
2026-06-06124006503.6911
2026-06-07124006503.6912
2026-06-08124006503.6913
2026-06-09124006503.6914
2026-06-10224507503.328
2026-06-11224507503.329
2026-06-12224507503.3210
2026-06-13224507503.3211
2026-06-14224507503.3212
2026-06-15224507503.3213
2026-06-16224507503.3214
2026-06-17224507503.3215
2026-06-18224507503.3216
2026-06-19224507503.3217
2026-06-20224507503.3218
2026-06-21224507503.3219
2026-06-22224507503.3220
2026-06-23224507503.3221
2026-06-24224507503.3222
2026-06-25224507503.3223
2026-06-26222256003.7116
2026-06-27222256003.7117
2026-06-28222256003.7118
2026-06-29222256003.7119
2026-06-30222256003.7120
2026-07-01222256003.7121
2026-07-02222256003.7122
2026-07-03222256003.7123
2026-07-04222256003.7124
2026-07-05222256003.7125
2026-07-06222256003.7126
2026-07-07222256003.7127
2026-07-08222256003.7128
2026-07-09222256003.7129
2026-07-10120505503.7314
2026-07-11120505503.7315
2026-07-12120505503.7316
2026-07-13120505503.7317
2026-07-31127509003.06N/A
2026-08-01127509003.061
2026-08-02127509003.062
2026-08-03127509003.063
2026-08-04127509003.064
2026-08-05127509003.065
2026-08-06127509003.066
2026-08-07127509003.067
2026-08-08127509003.068
2026-08-09127509003.069
2026-08-10127509003.0610
2026-08-11127509003.0611
2026-08-12228258753.236
2026-08-13129008503.411
2026-08-14129008503.412
2026-08-15129008503.413
2026-08-16129008503.414
2026-08-17129008503.415
2026-08-18129008503.416
2026-08-19129008503.417
2026-08-20129008503.418
2026-08-21129008503.419
2026-08-22129008503.4110
2026-08-23129008503.4111
2026-08-24129008503.4112
2026-08-25129008503.4113
2026-08-26129008503.4114
2026-08-27129008503.4115
2026-08-28129008503.4116
2026-08-29129008503.4117
2026-08-30129008503.4118
2026-08-31129008503.4119

12-Month Market Dynamics & Trend Trajectory

Stonebrook I at 1055 Southdown Rd in Mississauga has established a lifetime leasing history of 5 total closed transactions with an average monthly rent of $2,370 per month, an average rate of $3.16 per square foot, an average suite size of 760 square feet, and a lifetime average of 18 days on market. Tenant turnover remains steady across the Erindale submarket as compact floor plans attract consistent interest. Pricing discipline at the building reflects a distinctly tenant-favorable environment where 60.0% of leases successfully closed below asking. Transactions secured an average discount of $60 per month, translating to $720 in annual tenant savings as landlords offered concessions to secure occupancy.

Available inventory summary

Stonebrook I, located at 1055 Southdown Rd in Mississauga, features 1 active listing and a 0.4% availability rate. Asking rents span $2,900 per month with an average and median rent of $2,900 per month across 850 square feet, yielding an asking rate of $3.41 per square foot. Inventory consists entirely of two-bedroom suites, while parking add-on costs remain inconclusive due to an insufficient sample.

ConfigurationUnitsRent rangeAvg asking rentAvg $/PSFAvg DOM
No Den• With Parking
1
$2,900 – $2,900
$2,900
$3.41
19d

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.

Property & transaction filters
Chart metrics & timeframe
Max 2 selected
Show min/max boundaries

Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-10121506503.3135
2026-05-170N/AN/AN/AN/A
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-21125008502.9416
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-12120005503.6418
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-09127509003.0613

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

Stonebrook I at 1055 Southdown Rd is part of a competitive residential cluster in Mississauga's Erindale submarket, anchored by nearby peers such as S2 Stonebrook Residences (1035 Southdown Road, located 0.04 kilometers away, completed in 2025 with 14 active listings), Sheridan Club (1271 Walden Circ, located 0.14 kilometers away, completed in 1989 with 0 active listings), Waldens Landing (1110 Walden Circ, located 0.33 kilometers away, completed in 1989 with 2 active listings), and 966 Inverhouse Condos (966 Inverhouse Drive, located 0.35 kilometers away, completed in 1976 with 1 active listing). This localized micro-market bridges mature developments built in the 1970s and 1980s with mid-generation towers like Stonebrook I (completed in 2010) and modern completions like S2 Stonebrook Residences (completed in 2025). Across the competitive set, the overall benchmark averages stand at $2,924 per month with an average rate of $3.11 per square foot across an average suite size of 978 square feet. Stonebrook I occupies a stable mid-generation positioning within this landscape, offering a balance of contemporary structural integrity and competitive pricing relative to newer developments. While newly completed towers command higher absolute rents due to larger floor plans and modern finishes, Stonebrook I provides a cost-effective alternative that aligns closely with submarket expectations.

1035 Southdown Road, Mississauga

Avg Asking$2,180/mo
Avg $/SF$3.10
Rent Spread:
-$720/mo (-24.8%) Lower

1110 Walden Circ, Mississauga

Avg Asking$736/mo
Avg $/SF$3.44
Rent Spread:
-$2,164/mo (-74.6%) Lower

966 Inverhouse Drive, Mississauga

Avg Asking$1,564/mo
Avg $/SF$2.80
Rent Spread:
-$1,336/mo (-46.1%) Lower

1575 Lakeshore Rd W, Mississauga

Avg Asking$1,353/mo
Avg $/SF$4.44
Rent Spread:
-$1,547/mo (-53.3%) Lower

2121 Roche Court, Mississauga

Avg Asking$1,590/mo
Avg $/SF$2.62
Rent Spread:
-$1,310/mo (-45.2%) Lower

2485 Woking Crescent, Mississauga

Avg Asking$2,300/mo
Avg $/SF$2.71
Rent Spread:
-$600/mo (-20.7%) Lower

Comparable Analysis & Questions

How do rental rates at Stonebrook I compare to neighbouring buildings within Erindale?

Stonebrook I averages an active asking rent of $2,900 per month for its 2-bedroom floor plans, positioning it near the overall competitive set average of $2,924 per month. S2 Stonebrook Residences at 1035 Southdown Road leads the immediate area with an average lease rent of $3,596 per month, a rate of $3.14 per square foot, and an average size of 1,233 square feet across 14 closed leases. Waldens Landing at 1110 Walden Circ reports an average lease rent of $2,575 per month, a rate of $3.44 per square foot, and an average size of 750 square feet across 2 closed leases. 966 Inverhouse Condos at 966 Inverhouse Drive records an average lease rent of $2,600 per month, a rate of $2.74 per square foot, and an average size of 950 square feet across 1 closed lease. Sheridan Club at 1271 Walden Circ currently has no closed lease data reported for the past 180 days.

Does Stonebrook I offer a competitive price-per-square-foot ($/SF) against local comparables?

Stonebrook I delivers a balanced value proposition, trading at an average asking rate of $3.41 per square foot for an 850-square-foot 2-bedroom layout, which compares favorably against broader submarket benchmarks while reflecting modern build efficiencies. Renters evaluating Stonebrook I against S2 Stonebrook Residences trade away 473 square feet of interior space—as S2 averages 1,233 square feet at $3.14 per square foot—in exchange for a significantly lower absolute monthly commitment. Conversely, when compared to Waldens Landing, which leases smaller 750-square-foot layouts at $3.44 per square foot, Stonebrook I provides 10 more square feet of interior space at a lower rate per square foot. Against the 1976-built 966 Inverhouse Condos, which offers larger 950-square-foot floor plans at $2.74 per square foot, Stonebrook I trades at a $0.42 per square foot (15.3%) premium in exchange for newer construction standards, updated building systems, and a more comprehensive amenity package.

How do building age, amenities, and developer reputation impact rent spreads?

Stonebrook I features a robust, lifestyle-oriented amenity package that rivals newer developments in the immediate node, offering residents a comprehensive suite of recreational and wellness facilities. Key signature amenities at Stonebrook I include an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a dedicated yoga studio alongside a gym and fitness centre, and a rooftop terrace with a garden and courtyard. When contrasted with S2 Stonebrook Residences, Stonebrook I matches wellness offerings like indoor pools and saunas while sharing similar conveniences such as a car wash bay and pet wash station. Older peer buildings like Waldens Landing and 966 Inverhouse Condos rely heavily on outdoor pools, tennis courts, and squash courts, lacking the dedicated indoor wellness studios and modern social rooms found at Stonebrook I. This amenity profile makes Stonebrook I particularly attractive to working professionals and small households seeking comprehensive on-site fitness and leisure.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Stonebrook I.

Building Amenities

  • Concierge & Security
  • Car Wash Bay
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Hobby Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Stonebrook 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.