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Market Data as of August 31, 2026

King Blue - South Tower — Rental Market Data

115 Blue Jays Way, Toronto, Ontario M5V 0N5
Quick Rent Estimate
Active Suites6 Available
Type
Units
Avg Rent
Studio
3
$1,897
1-Bedroom
2
$2,550
3-Bedroom+
1
$4,099

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites515
DeveloperGreenland Group

King Blue - South Tower at 115 Blue Jays Way in Toronto's Entertainment District is an established 515-suite residential development built in 2020 by Greenland Group. The property currently features 6 active listings, representing an availability rate of 1.2%. Over the past 90 days, the building recorded 32 closed leases averaging 18 days on the market, while the last 30 days saw 11 closed transactions averaging 22 days on the market.

Active asking rents average $2,482 per month at $5.24 per square foot across an average floor plan of 467 square feet, tracking above the 90-day realized lease average of $2,205 per month at $4.53 per square foot for slightly larger historical leases averaging 479 square feet. Current asking rates sit 5.2% below the wider submarket asking benchmark of $5.53 per square foot, reflecting compact suite sizing rather than cheaper unit pricing.

Landlord leasing discipline is reflected in a 90-day closed average of 18 days on the market compared to unrented listings that lingered for 80 days. Tenants secured an average discount of $9 per month (0.44%) below asking price, with 22.9% of leases closing under asking. Active inventory selection heavily concentrates in studio layouts representing half of all available units, leaving multi-bedroom options severely constrained.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at King Blue - South Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units6
-6 (50.0%)
Avg Asking Rent$2,482
+$15 (0.6%)
Avg Suite Size467 sf
-54 sf (10.4%)
Avg Days on Market25d
-9d (26.2%)
Avg Asking $/SF$5.24
+$0.49 (10.2%)

Active Market Insights & Questions

How has rental availability changed at King Blue - South Tower recently?

King Blue - South Tower features 6 active listings as of August 31, 2026, spanning an asking price range of $1,890 to $4,099 per month with an average asking rent of $2,482 per month and a median asking rent of $2,150 per month. Active suites average 467 square feet with an asking rate of $5.24 per square foot. Studios dominate the available inventory with a 50% share, reflecting a market lean toward compact entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at King Blue - South Tower?

Studios represent the dominant active layout at King Blue - South Tower, holding 3 listings and a 50.0% share of current inventory. Studio units average $1,897 per month across 400 square feet at an asking rate of $4.74 per square foot. One-bedroom suites account for 2 listings and a 33.3% share, averaging $2,550 per month across 475 square feet at $5.45 per square foot, while a single 3-bedroom-plus unit forms the remaining 16.7% share at $4,099 per month across 650 square feet at $6.31 per square foot.

What is the average asking rent and $/SF by suite size at King Blue - South Tower?

King Blue - South Tower exhibits a minimum entry rent of $1,890 per month and a peak asking rent of $4,099 per month, creating a dollar spread of $2,209 per month or a 116.9% spread across the active inventory. Median asking rent rests at $2,150 per month. The entry-level option consists of a 400-square-foot studio priced at $4.73 per square foot, whereas the peak suite is a 650-square-foot 3-bedroom-plus layout asking $6.31 per square foot.

How much extra do parking spaces and dens cost at King Blue - South Tower?

King Blue - South Tower has unquantifiable den premium data due to an insufficient sample size in current active listings. Parking premium data is similarly inconclusive as active parking status is classified as an unreliable outlier or insufficient sample.

How do asking rents at King Blue - South Tower compare to local and municipal benchmarks?

King Blue - South Tower asks an average rent of $2,482 per month at $5.24 per square foot, which undercuts the submarket asking benchmark of $3,542 per month and $5.53 per square foot by 5.2% on a square footage basis. The lower nominal monthly outlay stems from compact suite sizing rather than cheaper unit pricing. The building accounts for 6 active listings out of 153 total submarket active listings.

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 King Blue - South Tower (Data period: For the month of August 2026).

Units Leased11
Avg Leased Price$2,355
Avg Leased Size479 sf
Avg Days to Lease22d
Leased $/SF$4.36

Leased Transaction Insights & Questions

How many suites were leased at King Blue - South Tower last month, and how fast did they rent?

King Blue - South Tower recorded a 30-day average days on market of 22 days, a 90-day average days on market of 18 days, and aligns closely with the Entertainment District submarket benchmark DOM of 20 days. Leasing velocity shifted across the tracked windows, with 11 closed leases in the last 30 days, 32 closed leases over the trailing 90 days, and 48 total closed leases over the past year. This pattern indicates that leasing turnover maintained a steady pace through the summer months.

What is the negotiation spread between asking rents and closed lease prices at King Blue - South Tower?

King Blue - South Tower transactions settled with an average tenant discount of $9 per month, representing a 0.44% markdown below asking price and delivering $108 in annual tenant savings. Approximately 22.9% of all leases closed below asking price, reflecting mild tenant leverage and minor landlord concessions, while the remaining deals closed right at asking price.

What are typical executed lease prices across different layouts at King Blue - South Tower?

King Blue - South Tower leasing activity was anchored by Studio and 1-Bedroom floor plans, which averaged $1,865 per month with a 19-day DOM and $2,217 per month with a 22-day DOM respectively. Studio units accounted for 21 closed leases, featuring an average rent of $1,865 per month, a median rent of $1,850 per month, a P25-P75 range of $1,800 to $1,900 per month, an average size of 401 square feet, $4.67 per square foot, and a 19-day DOM. 1-Bedroom suites recorded 20 closed leases, showing an average rent of $2,217 per month, a median rent of $2,245 per month, a P25-P75 range of $2,181 to $2,300 per month, an average size of 508 square feet, $4.45 per square foot, and a 22-day DOM. 1-Bedroom + Den layouts represented a moderate sample of 5 closed leases, averaging $2,470 per month, a median rent of $2,475 per month, a P25-P75 range of $2,375 to $2,600 per month, an average size of 580 square feet, $4.28 per square foot, and a 21-day DOM. 2-Bedroom + Den units represented 1 closed lease at an average rent of $3,400 per month, a median rent of $3,400 per month, a P25-P75 range of $3,400 to $3,400 per month, an average size of 750 square feet, $4.53 per square foot, and a 5-day DOM (note that this represents an individual transaction rather than a broad statistical benchmark). 3-Bedroom + suites comprised 1 closed lease at an average rent of $3,800 per month, a median rent of $3,800 per month, a P25-P75 range of $3,800 to $3,800 per month, an average size of 750 square feet, $5.07 per square foot, and an 18-day DOM (note that this represents an individual transaction rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at King Blue - South Tower?

King Blue - South Tower realized a verified leased parking premium of $163 per month across parked suites. Parking stalls were typically bundled into larger multi-bedroom floor plans or negotiated as optional additions for compact layouts. Active asking parking data remained inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at King Blue - South Tower reflect current tenant demand?

King Blue - South Tower rents followed an upward trajectory across the tracked monthly timeline from spring into late summer. April recorded 8 closed deals at an average rent of $1,973 per month ($4.45 per square foot, 20 DOM), which rose in May to 8 closed deals averaging $2,088 per month ($4.70 per square foot, 28 DOM). June saw 10 closed deals at an average rent of $2,010 per month ($4.61 per square foot, 19 DOM), followed by July with 11 closed deals averaging $2,234 per month ($4.62 per square foot, 14 DOM). August closed out the period with 11 deals averaging $2,355 per month ($4.36 per square foot, 22 DOM).

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at King Blue - South Tower (Data period: For the month of August 2026).

Delisted Units3
Avg Asking Price$2,583
Avg Suite Size517 sf
Avg Days on Market80d
Delisted $/SF$5.02

De-Listed Market Analysis & Questions

How many listings de-listed at King Blue - South Tower, and what was their re-listing price compared to previous asking?

King Blue - South Tower recorded 3 total delisted units, representing a delisted-to-leased ratio of 27.3% consisting of 1 terminated listing and 2 expired listings with zero suspensions. This indicates a healthy market ratio where approximately 1 listing was pulled for every 3.7 successfully completed leases.

How do asking prices on de-listed suites compare to executed leases and active listings at King Blue - South Tower?

King Blue - South Tower unrented units asked an average of $2,583 per month, which is $228 per month above realized lease averages of $2,355 per month. Unrented listings were overpriced relative to realized leases, carrying an elevated rate of $5.02 per square foot compared to the realized building baseline.

What market friction causes rental listings to stall or de-list at King Blue - South Tower?

King Blue - South Tower unrented listings lingered on the market for an average of 80 days compared to 22 days for realized leases. This excess marketing time of 58 days represents nearly two months of lost rental income plus ongoing condo maintenance fees, highlighting the severe carrying cost of pricing above market tolerance.

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
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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)
2026-04-271722224884.6131
2026-04-281422724944.6536
2026-04-291123555094.6839
2026-04-301023985254.6335
2026-05-011023585154.6435
2026-05-021023585154.6436
2026-05-031023585154.6437
2026-05-04723294954.7644
2026-05-05723294954.7645
2026-05-06624085134.7547
2026-05-07624085134.7548
2026-05-08723294974.7342
2026-05-09623674984.8144
2026-05-10623674984.8145
2026-05-11623674984.8146
2026-05-12723004844.8140
2026-05-13723004844.8141
2026-05-14723004844.8142
2026-05-151022604684.8830
2026-05-161022604684.8831
2026-05-171022604684.8832
2026-05-181022604684.8833
2026-05-191022604684.8834
2026-05-201122504754.7932
2026-05-211122504754.7933
2026-05-221022654854.7231
2026-05-231022654854.7232
2026-05-241124055274.6630
2026-05-251124055274.6631
2026-05-261124055274.6632
2026-05-27924565444.6135
2026-05-28924565444.6136
2026-05-291024395454.5634
2026-05-301024395454.5635
2026-05-311024395454.5636
2026-06-011123865324.5733
2026-06-021123865324.5734
2026-06-031123865324.5735
2026-06-041225295424.7233
2026-06-051225295424.7234
2026-06-061125865554.7135
2026-06-071125865554.7136
2026-06-081125825554.7034
2026-06-091125825554.7035
2026-06-101125455404.7420
2026-06-111026105554.7420
2026-06-121026105554.7421
2026-06-131026105554.7422
2026-06-141026105554.7423
2026-06-151224965294.7517
2026-06-161224965294.7518
2026-06-171324405194.7318
2026-06-181324405194.7319
2026-06-191424305214.6918
2026-06-201424625324.6619
2026-06-211424625324.6620
2026-06-221424625324.6621
2026-06-231524725334.6621
2026-06-241524585334.6321
2026-06-251325225424.6722
2026-06-261225495464.6924
2026-06-271026235604.7027
2026-06-28927085784.7129
2026-06-29927085784.7130
2026-06-30927085784.7131
2026-07-01827595814.7734
2026-07-02927085784.7131
2026-07-03827785814.8131
2026-07-04827785814.8132
2026-07-05827785814.8133
2026-07-06927285784.7430
2026-07-071028876104.7427
2026-07-081028876104.7428
2026-07-091028876104.7429
2026-07-101029406254.7227
2026-07-111029406254.7228
2026-07-121029406254.7229
2026-07-131029626354.6930
2026-07-141128666144.6928
2026-07-151027725804.7627
2026-07-161027625804.7427
2026-07-171126985644.7726
2026-07-181126985644.7727
2026-07-191126985644.7728
2026-07-201226605504.8426
2026-07-211226605504.8427
2026-07-221326105384.8626
2026-07-231326105384.8627
2026-07-241326105384.8628
2026-07-251324905124.9028
2026-07-261324905124.9029
2026-07-271125575324.8235
2026-07-281225025214.8233
2026-07-291324565234.7131
2026-07-301324565234.7132
2026-07-311224675214.7534
2026-08-011224675214.7535
2026-08-021023604954.7928
2026-08-031123685004.7626
2026-08-041123685004.7627
2026-08-051123685004.7628
2026-08-061123685004.7629
2026-08-071023604954.7933
2026-08-08924115064.8035
2026-08-09924115064.8036
2026-08-10824755004.9640
2026-08-11725075144.8744
2026-08-12725075144.8745
2026-08-13725005144.8542
2026-08-14725005144.8543
2026-08-15625005084.8830
2026-08-16426255254.9528
2026-08-17626675504.9413
2026-08-18626675504.9414
2026-08-19725565284.9113
2026-08-20725565284.9114
2026-08-21725565284.9115
2026-08-22524384505.3121
2026-08-23524384505.3122
2026-08-24524384505.3123
2026-08-25524384505.3124
2026-08-26524384505.3125
2026-08-27524384505.3126
2026-08-28524384505.3127
2026-08-29524384505.3128
2026-08-30624824675.2424
2026-08-31624824675.2425

12-Month Market Dynamics & Trend Trajectory

King Blue - South Tower has established a robust leasing history anchored by 48 lifetime closed transactions averaging $2,147 per month at $4.54 per square foot across an average suite size of 479 square feet. Tenant turnover remained efficient with a lifetime average days on market of 20 days, driven primarily by high demand for compact, central floor plans in the Entertainment District. Pricing discipline across the building leaned slightly toward tenants, with transactions settling at an average discount of $9 per month or 0.44% below asking price. Approximately 22.9% of all completed leases secured minor concessions below asking, reflecting balanced market conditions where landlords adjusted expectations to capture timely occupancy.

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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
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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)
2026-04-26122004954.4411
2026-05-03420134544.4826
2026-05-100N/AN/AN/AN/A
2026-05-17121003855.4564
2026-05-24221754484.8923
2026-05-31119004004.7536
2026-06-07118504004.6330
2026-06-14118504004.635
2026-06-21621074664.5715
2026-06-28320955004.2327
2026-07-05218134004.5318
2026-07-12320424504.563
2026-07-19138007505.0718
2026-07-26322004504.9811
2026-08-02322255004.4819
2026-08-09321335004.3923
2026-08-16525656104.2724

Nearby Building Rental Comparables & Price Spreads

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

King Blue - South Tower competes directly within a dense micro-market anchored by four nearby competitor buildings: King Blue - King Tower at 125 Blue Jays Way (0.02 km away, completed in 2020 with 35 active leases), 357 King West at 357 King St W (0.04 km away, completed in 2023 with 37 active leases), Bisha at 88 Blue Jays Way (0.06 km away, completed in 2017 with 19 active leases), and No. 55 Mercer at 55 Mercer St (0.08 km away, completed in 2023 with 70 active leases). These properties represent a mix of mid-2010s luxury developments and early-2020s high-density towers, creating a highly active urban rental corridor. Across this competitive set, the overall benchmarks average $2,909 per month at $4.62 per square foot across an average suite size of 652 square feet. King Blue - South Tower positions itself as an established 2020-built development that delivers competitive rate efficiency, trading below the broader submarket asking benchmarks while capturing steady tenant demand for compact, highly functional floor plans.

125 Blue Jays Way, Toronto

Avg Asking$2,907/mo
Avg $/SF$4.15
Rent Spread:
+$426/mo (+17.2%) Higher

357 King St W, Toronto

Avg Asking$2,821/mo
Avg $/SF$4.05
Rent Spread:
+$339/mo (+13.7%) Higher
Bisha56 m

88 Blue Jays Way, Toronto

Avg Asking$3,427/mo
Avg $/SF$5.29
Rent Spread:
+$945/mo (+38.1%) Higher

55 Mercer St, Toronto

Avg Asking$2,818/mo
Avg $/SF$4.79
Rent Spread:
+$337/mo (+13.6%) Higher

327 King St W, Toronto

Avg Asking$2,557/mo
Avg $/SF$5.06
Rent Spread:
+$75/mo (+3.0%) Higher

375 King St W, Toronto

Avg Asking$2,765/mo
Avg $/SF$4.62
Rent Spread:
+$284/mo (+11.4%) Higher

Comparable Analysis & Questions

How do rental rates at King Blue - South Tower compare to neighbouring buildings within Entertainment District?

King Blue - South Tower achieves an average lease rent that compares against an overall comp average of $2,909 per month, measured alongside key regional benchmarks including Bisha and King Blue - King Tower. Specifically, King Blue - King Tower (125 Blue Jays Way) records an average lease rent of $3,124 per month at $4.21 per square foot across 749 square feet. 357 King West (357 King St W) reports an average lease rent of $2,622 per month at $3.99 per square foot across 665 square feet. Bisha (88 Blue Jays Way) commands an average lease rent of $3,150 per month at $5.52 per square foot across 599 square feet. Finally, No. 55 Mercer (55 Mercer St) averages $2,740 per month at $4.74 per square foot across 593 square feet.

Does King Blue - South Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

King Blue - South Tower offers a compelling value proposition by balancing modern construction quality with competitive lease economics relative to its immediate neighbours. When evaluated against Bisha, the subject trades at a discount below the building's $5.52 per square foot benchmark, while providing a rate competitive with No. 55 Mercer at $4.74 per square foot. Renters navigating this micro-market weigh important trade-offs: choosing King Blue - South Tower grants efficient, highly functional layouts with manageable utility footprints and modern 2020 finishes, whereas older or alternative luxury builds like Bisha command much higher rates per square foot for slightly varied floor plan configurations.

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

King Blue - South Tower delivers an extensive lifestyle and amenity profile that rivals top-tier developments in the Entertainment District. Residents enjoy signature features including 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, both Indoor and Outdoor Pools, an expansive Rooftop Terrace, and a Party & Lounge Room. When contrasted against nearby competitors, King Blue - South Tower matches or exceeds peer offerings such as 357 King West's yoga studio and juice bar, No. 55 Mercer's dog run and basketball court, and Bisha's steam rooms and salon, while providing a more balanced resort-style pool and terrace combination than standard downtown towers. This amenity package primarily serves urban professionals, tech workers, and medical personnel seeking a complete hospitality-inspired living experience in the core.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around King Blue - South Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Outdoor Pool
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • Rooftop Terrace
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for King Blue - South Tower.

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.