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Market Data as of August 31, 2026

Line 5 - North Tower — Rental Market Data

117 Broadway Ave, Toronto, Ontario M4P 1V3
Quick Rent Estimate
Active Suites13 Available
Type
Units
Avg Rent
2-Bedroom
6
$2,765
3-Bedroom+
3
$3,733
Studio
2
$1,900
1-Bedroom
1
$1,350
2-Bedroom + Den
1
$3,250

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2025
Total Suites535
DeveloperReserve Properties & Westdale

Line 5 - North Tower, located at 117 Broadway Ave in Toronto's North Midtown submarket, is a newly completed 535-suite residential development by Reserve Properties & Westdale featuring 13 active listings and an availability rate of 2.4 percent. The building achieved a strong leasing pace over the past 90 days with 31 completed transactions, maintaining an average of 23 days on the market. In addition, the building recorded 20 closed transactions over the past 30 days with an average of 23 days on the market.

Active asking rents average $2,784 per month at $3.74 per square foot across an average suite size of 772 square feet, compared to realized 90-day leases averaging $2,267 per month at $4.19 per square foot across historical layouts averaging 587 square feet. Current active inventory skews toward larger multi-bedroom floor plans rather than compact entry-level units, while active asking rates sit 12.4 percent below the submarket asking benchmark of $4.27 per square foot.

Marketing friction remains low with closed listings averaging 23 days on market, matching unrented listings which averaged just 3 days before suspension while asking an average of $2,817 per month. Prospective tenants hold a favorable market advantage with 38.6 percent of leases closing below asking for an average discount of $19 per month, while inventory depth concentrates heavily in 2-bedroom configurations representing 46.2 percent of available suites, leaving single-listing tiers like the 1-bedroom and 2-bedroom plus den with scarce selection.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Line 5 - North Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units13
-1 (7.1%)
Avg Asking Rent$2,784
+$420 (17.8%)
Avg Suite Size772 sf
+708 sf (114.0%)
Avg Days on Market23d
-5d (17.7%)
Avg Asking $/SF$3.74
-$0.45 (11.4%)

Active Market Insights & Questions

How has rental availability changed at Line 5 - North Tower recently?

Line 5 - North Tower features 13 active listings as of August 31, 2026, with an asking price range spanning $1,350 to $4,000 per month, an average asking rent of $2,784 per month, and a median asking rent of $2,790 per month. Active suites average 772 square feet with an asking rate of $3.74 per square foot, while the dominant layout share reaches 46.2 percent for 2-bedroom floor plans. Current inventory leans toward larger multi-bedroom executive layouts rather than compact entry-level units.

What floor plans and unit layouts are currently available at Line 5 - North Tower?

The dominant active layout at Line 5 - North Tower is the 2-bedroom configuration, which commands 6 listings and a 46.2 percent inventory share. Available 2-bedroom suites average $2,765 per month with a median of $2,720 per month across 714 square feet at $3.91 per square foot, providing deep selection for mid-tier renters. Meanwhile, 3-bedroom plus units account for 3 listings or 23.1 percent of the market with average rents of $3,733 per month across 1,053 square feet, and studios represent 2 listings or 15.4 percent of inventory asking an average of $1,900 per month across 400 square feet at $4.75 per square foot.

What is the average asking rent and $/SF by suite size at Line 5 - North Tower?

Line 5 - North Tower displays a minimum entry rent of $1,350 per month and a peak asking rent of $4,000 per month, establishing a total dollar spread of $2,650 per month or 196.3 percent. The median asking rent sits at $2,790 per month across the building's active inventory. The entry-level suite consists of a 1-bedroom layout spanning 770 square feet at an asking rate of $1.75 per square foot, while the peak suite comprises a 3-bedroom plus configuration spanning 1,181 square feet at an asking rate of $3.39 per square foot.

How much extra do parking spaces and dens cost at Line 5 - North Tower?

Line 5 - North Tower has active den premium data that is currently unquantified due to insufficient sample size. Active parking premium data cannot be reliably isolated from current listings as it represents an anomalous outlier or insufficient paired sample. Active parking fees cannot be reliably evaluated at this time.

How do asking rents at Line 5 - North Tower compare to local and municipal benchmarks?

Line 5 - North Tower asks an average of $2,784 per month at $3.74 per square foot, sitting below the North Midtown submarket asking benchmark of $2,803 per month and $4.27 per square foot. The lower nominal monthly rent is driven by competitive pricing rather than compact suite sizing, with the building's asking rate per square foot tracking 12.4 percent below the broader submarket benchmark while representing 5.6 percent 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 Line 5 - North Tower (Data period: For the month of August 2026).

Units Leased20
Avg Leased Price$2,298
Avg Leased Size587 sf
Avg Days to Lease23d
Leased $/SF$4.14

Leased Transaction Insights & Questions

How many suites were leased at Line 5 - North Tower last month, and how fast did they rent?

Line 5 - North Tower recorded a 30-day average days on market of 23 days and a 90-day average of 23 days, compared to a submarket benchmark of 24 days. Closed lease counts shifted from 31 transactions over the 90-day window to 20 transactions in the most recent 30-day period, while lifetime closed leases reached 44 transactions. This indicates that leasing turnover accelerated rapidly over the summer occupancy phase.

What is the negotiation spread between asking rents and closed lease prices at Line 5 - North Tower?

Line 5 - North Tower units closed at an average monthly discount of $19 per month, representing a 0.71% variance below asking price and annual tenant savings of $228 per year. A total of 38.6% of leases closed under asking, confirming that market leverage leaned in favor of incoming tenants and landlords offered slight pricing concessions.

What are typical executed lease prices across different layouts at Line 5 - North Tower?

Line 5 - North Tower leasing activity was anchored by 2-Bedroom and 1-Bedroom floor plans, with 2-Bedroom suites averaging $2,727 per month across 26 days on market and 1-Bedroom suites averaging $2,027 per month across 25 days on market. 2-Bedroom suites recorded a closed count of 18 leases, a median rent of $2,700 per month, a P25-P75 range of $2,600 to $2,888 per month, an average size of 689 square feet, and an average rate of $3.97 per square foot. 1-Bedroom suites recorded a closed count of 14 leases, a median rent of $1,988 per month, a P25-P75 range of $1,956 to $2,088 per month, an average size of 502 square feet, and an average rate of $4.10 per square foot. Studio suites recorded an average rent of $1,875 per month, a median of $1,850 per month, a P25-P75 range of $1,850 to $1,912 per month, an average size of 396 square feet, $4.75 per square foot, and 15 days on market across a moderate sample of 8 closed leases. 2-Bedroom + Den suites recorded an average rent of $2,800 per month, a median of $2,800 per month, a P25-P75 range of $2,750 to $2,850 per month, an average size of 800 square feet, $3.51 per square foot, and 15 days on market across a limited sample size of 2 closed leases. 1-Bedroom + Den suites recorded an average rent of $2,350 per month, a median of $2,350 per month, a P25-P75 range of $2,350 to $2,350 per month, an average size of 650 square feet, $3.62 per square foot, and 13 days on market across 1 closed lease (note that this represents an individual deal rather than a broad statistical benchmark). 3-Bedroom+ suites recorded an average rent of $3,800 per month, a median of $3,800 per month, a P25-P75 range of $3,800 to $3,800 per month, an average size of 950 square feet, $4.00 per square foot, and 4 days on market across 1 closed lease (note that this represents an individual deal rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Line 5 - North Tower?

Line 5 - North Tower achieved a verified realized parking premium of $284 per month when successfully bundled into signed leases. Parking stalls were typically included as standard inclusions or negotiated alongside larger 2-bedroom and multi-bedroom floor plans. Active asking parking rates lacked sufficient paired samples to reliably isolate a standalone premium.

How does the lease-to-listing ratio at Line 5 - North Tower reflect current tenant demand?

Line 5 - North Tower rents demonstrated steady absorption across the tracked monthly timeline from initial spring registration through late summer. April recorded 3 closed deals at an average rent of $2,783 per month, $3.74 per square foot, and 13 days on market. May achieved 10 closed deals at an average rent of $2,558 per month, $4.04 per square foot, and 24 days on market. June saw 6 closed deals averaging $2,247 per month, $4.14 per square foot, and 28 days on market. July logged 5 closed deals averaging $2,170 per month, $4.44 per square foot, and 13 days on market. August closed out the summer with 20 deals averaging $2,298 per month, $4.14 per square foot, and 23 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Line 5 - North Tower (Data period: For the month of August 2026).

Delisted Units3
Avg Asking Price$2,817
Avg Suite Size716 sf
Avg Days on Market3d
Delisted $/SF$3.96

De-Listed Market Analysis & Questions

How many listings de-listed at Line 5 - North Tower, and what was their re-listing price compared to previous asking?

Line 5 - North Tower recorded a total of 3 delisted units, translating to a delisted-to-leased ratio percentage of 15% relative to successful leasing volume. The breakdown of removed inventory consisted of 0 terminated listings, 0 expired listings, and 3 suspended listings. This reflects a healthy market ratio of approximately 1 listing pulled for every 6.7 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Line 5 - North Tower?

Line 5 - North Tower unrented units asked an average of $2,817 per month, which was $519 per month above realized lease averages of $2,298 per month, with a rate-per-square-foot gap of 22.6%. Unrented units were strictly overpriced relative to realized lease transactions.

What market friction causes rental listings to stall or de-list at Line 5 - North Tower?

Line 5 - North Tower delisted units recorded an average days on market of 3 days compared to a realized lease average days on market of 22 days. Because unrented inventory was pulled quickly rather than sitting through extended unrented vacancies, landlords avoided severe holding costs and vacancy carry losses.

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)
2026-04-271125326633.8421
2026-04-281125326633.8422
2026-04-291125326633.8423
2026-04-301025256533.8825
2026-05-011124916304.0223
2026-05-021124916304.0224
2026-05-031024606283.9925
2026-05-04623175834.0820
2026-05-05522405494.1721
2026-05-06522105494.1317
2026-05-07624836164.1215
2026-05-08624836164.1216
2026-05-09624836164.1217
2026-05-10525706404.1115
2026-05-11721365144.2911
2026-05-12721365144.2912
2026-05-13821195194.2011
2026-05-14821195194.2012
2026-05-15721365144.2911
2026-05-16721365144.2912
2026-05-17621335334.1012
2026-05-18621335334.1013
2026-05-19621335334.1014
2026-05-20621335334.1015
2026-05-21621335334.1016
2026-05-22720935144.1815
2026-05-23619924754.2716
2026-05-24619924754.2717
2026-05-25519904904.1318
2026-05-26519904904.1319
2026-05-27621225334.0617
2026-05-28521465304.1418
2026-05-29521465304.1419
2026-05-30422085633.9921
2026-05-31422085633.9922
2026-06-01523665804.1218
2026-06-02622885504.2216
2026-06-03622885504.2217
2026-06-04523165504.2810
2026-06-05523165504.2811
2026-06-06523165504.2812
2026-06-07523165504.2813
2026-06-08523165504.2814
2026-06-09523165504.2815
2026-06-10523165504.2816
2026-06-11424335884.2016
2026-06-12424335884.2017
2026-06-13424455884.2210
2026-06-14424455884.2211
2026-06-15424455884.2212
2026-06-16525266004.2510
2026-06-17525266004.2511
2026-06-18725266144.159
2026-06-19825796194.209
2026-06-20925986224.209
2026-06-21925986224.2010
2026-06-22825486194.159
2026-06-23825486194.1510
2026-06-241023586123.969
2026-06-251023586123.9610
2026-06-261023586123.9611
2026-06-271123075934.0111
2026-06-281123075934.0112
2026-06-291123235954.0210
2026-06-301123415954.0611
2026-07-01922895824.0912
2026-07-02922895824.0913
2026-07-031123005814.1211
2026-07-041123005814.1212
2026-07-051123005814.1213
2026-07-061223255874.1113
2026-07-071123556044.0315
2026-07-081223756084.0314
2026-07-091323355924.0714
2026-07-101323355924.0715
2026-07-111423045784.1215
2026-07-121423045784.1216
2026-07-131423145894.0516
2026-07-141423145894.0517
2026-07-151423145894.0518
2026-07-161423145894.0519
2026-07-171423145894.0520
2026-07-181423145894.0521
2026-07-191423145894.0522
2026-07-201423145894.0523
2026-07-211522935864.0222
2026-07-221522935864.0223
2026-07-231422605744.0524
2026-07-241422605744.0525
2026-07-251422605744.0526
2026-07-261522835864.0125
2026-07-271522835864.0126
2026-07-281322845953.9527
2026-07-291322845953.9528
2026-07-301322845953.9529
2026-07-311423646213.9228
2026-08-011323196183.8728
2026-08-021223376243.8827
2026-08-031223296143.9527
2026-08-041323026053.9525
2026-08-051222485913.9626
2026-08-061222485794.0725
2026-08-071323216033.9922
2026-08-081222986003.9922
2026-08-091222986003.9923
2026-08-1013232511693.7122
2026-08-1112235412253.6924
2026-08-1212243312543.6123
2026-08-1312243312543.6124
2026-08-1413239712003.6123
2026-08-1511236512903.6025
2026-08-1611236512903.6026
2026-08-1710241213773.5129
2026-08-1810241213773.5130
2026-08-198240815903.2229
2026-08-209241814863.2926
2026-08-2115269412273.4816
2026-08-2216267311783.6113
2026-08-2317264211383.6614
2026-08-2414258712223.6217
2026-08-2511266714063.4121
2026-08-2611268114063.4322
2026-08-2712277413753.4521
2026-08-2813278413283.4720
2026-08-2913278413283.4721
2026-08-3013278413283.4722
2026-08-3113278413283.4723

12-Month Market Dynamics & Trend Trajectory

Line 5 - North Tower has achieved a lifetime leasing volume of 44 closed transactions with an average rent of $2,368 per month, a rate of $4.13 per square foot, and an average suite size of 587 square feet. Tenant turnover averaged 22 days on market across the building's operating history, reflecting steady initial occupancy absorption within the North Midtown submarket. Transaction distribution showed that 38.6% of leases closed below asking price, while the remaining transactions met landlord expectations. Tenants successfully negotiated an average monthly discount of $19 per month, representing a 0.71% reduction from original asking prices and yielding annual tenant savings of $228 per year under tenant-favorable leasing conditions.

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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)
2026-05-03525806573.9331
2026-05-10228757233.9718
2026-05-17224755754.6117
2026-05-24119755503.5915
2026-05-31121005503.8258
2026-06-07219504754.1827
2026-06-140N/AN/AN/AN/A
2026-06-21129006504.4621
2026-06-28424206134.0115
2026-07-05120504005.137
2026-07-12118504004.6319
2026-07-190N/AN/AN/AN/A
2026-07-26223755254.5430
2026-08-02622425783.9232
2026-08-09422445753.9917
2026-08-16422635314.3435
2026-08-23523155564.315

Nearby Building Rental Comparables & Price Spreads

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

Line 5 - North Tower is part of an immediate competitive micro-market in North Midtown Toronto, anchored by nearby developments such as Line 5 - South Tower at 127 Broadway Ave (0.04 km away, completed in 2025 with 37 active leases), Citylights on Broadway - North Tower at 99 Broadway Ave (0.06 km away, completed in 2022 with 28 active leases), Citylights on Broadway - South Tower at 195 Redpath Ave (0.08 km away, completed in 2022 with 57 active leases), and Untitled Toronto at 110-120 Broadway Avenue (0.1 km away, completed in 2025 with 53 active leases). These properties span two distinct structural generations, contrasting the modern 2025 completions of the Line 5 complex and Untitled Toronto against the slightly earlier 2022 builds of the Citylights towers. Evaluating the broader micro-market, the overall comparable benchmark sits at an average rent of $2,304 per month, an average rate of $4.28 per square foot, and an average suite size of 549 square feet across 4 competing properties. Line 5 - North Tower positions itself competitively within this cluster, offering modern 2025 construction scale and expansive floor plans that trade at attractive rates per square foot relative to its immediate neighbors.

127 Broadway Ave, Toronto

Avg Asking$2,335/mo
Avg $/SF$4.02
Rent Spread:
-$448/mo (-16.1%) Lower

99 Broadway Ave, Toronto

Avg Asking$2,405/mo
Avg $/SF$4.46
Rent Spread:
-$379/mo (-13.6%) Lower

195 Redpath Ave, Toronto

Avg Asking$2,297/mo
Avg $/SF$4.24
Rent Spread:
-$487/mo (-17.5%) Lower

110-120 Broadway Avenue, Toronto

Avg Asking$2,345/mo
Avg $/SF$4.50
Rent Spread:
-$439/mo (-15.8%) Lower

200 Redpath Avenue, Toronto

Avg Asking$2,667/mo
Avg $/SF$5.06
Rent Spread:
-$117/mo (-4.2%) Lower

188 Redpath Ave, Toronto

Avg Asking$2,350/mo
Avg $/SF$3.31
Rent Spread:
-$434/mo (-15.6%) Lower

Comparable Analysis & Questions

How do rental rates at Line 5 - North Tower compare to neighbouring buildings within North Midtown?

Line 5 - North Tower achieves an average lease rent that aligns closely with the overall micro-market comp average of $2,304 per month, competing directly with established neighborhood benchmarks like Line 5 - South Tower and Citylights on Broadway. Line 5 - South Tower at 127 Broadway Ave reports an average lease rent of $2,354 per month at $4.18 per square foot across an average of 575 square feet. Citylights on Broadway - North Tower at 99 Broadway Ave records an average lease rent of $2,313 per month at $4.26 per square foot across 550 square feet. Citylights on Broadway - South Tower at 195 Redpath Ave posts an average lease rent of $2,250 per month at $4.19 per square foot across 547 square feet. Finally, Untitled Toronto at 110-120 Broadway Avenue logs an average lease rent of $2,299 per month at $4.47 per square foot across an average of 525 square feet.

Does Line 5 - North Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Line 5 - North Tower defines its value proposition by offering more interior square footage at a more competitive rate per square foot than several key nearby alternatives within the North Midtown submarket benchmark of $4.19 per square foot. Renters evaluating Line 5 - North Tower secure larger living footprints without paying a premium; for instance, the building trades at a $0.05 per square foot (1.2%) discount below Line 5 - South Tower (which averages 575 square feet at $4.18 per square foot), a $0.13 per square foot (3.1%) discount below Citylights on Broadway - North Tower (which averages 550 square feet at $4.26 per square foot), a $0.06 per square foot (1.4%) discount below Citylights on Broadway - South Tower (which averages 547 square feet at $4.19 per square foot), and a $0.34 per square foot (7.6%) discount below Untitled Toronto (which averages 525 square feet at $4.47 per square foot). This structural dynamic allows tenants to capture greater overall interior space and modern 2025 layout efficiencies without absorbing the higher per-square-foot cost burdens seen in competing towers.

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

Line 5 - North Tower delivers an extensive, resort-style amenity package that rivals or exceeds the offerings of surrounding properties in North Midtown Toronto. Residents enjoy signature features including an Outdoor Pool, a dedicated Pet Wash Station, a Juice & Coffee Bar, and a comprehensive Gym & Fitness Centre paired with a Yoga Studio. When compared directly to neighboring buildings, Line 5 - North Tower matches or surpasses peers like Citylights on Broadway - North Tower (which features an Indoor Pool, Outdoor Pool, and Basketball Court) and Untitled Toronto (which includes an Indoor Pool, Hot Tub & Jacuzzi, and Kids' Play Room - Indoor) while providing its own distinct wellness and convenience spaces such as a Sauna & Steam Room, Business Centre, and Media & Theatre Room. This robust amenity ecosystem specifically caters to busy professionals and modern urban couples seeking high-end lifestyle conveniences without leaving the property.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Line 5 - North Tower.

Building Amenities

  • Concierge & Security
  • Shared Laundry Room
  • Gym & Fitness Centre
  • Yoga Studio
  • Outdoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Business Centre
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Hobby Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Pet Wash Station
  • Juice & Coffee Bar
  • Hot & Cold Food Storage

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Line 5 - North 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.