Market Data as of August 31, 2026
T.O. Condominium — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
T.O. Condominium is located at 117 Gerrard St E in the Downtown East neighborhood of Toronto, developed by Trans Senator and completed in 1988. The 156-suite established residential building currently maintains 1 active listing, reflecting an availability rate of 0.6% and a 40-day average days on market for available stock. Specifically, the property recorded 0 closed leases over the past 90 days with an average days on market of nil, alongside 0 closed leases over the past 30 days with an average days on market of nil.
Current active asking rent sits at $1,600 per month across a single active listing averaging 950 square feet at a rate of $1.68 per square foot. This active average square footage is larger compared to historical leases averaging 650 square feet at $3.54 per square foot. The active asking rate per square foot of $1.68 trails the Downtown East submarket asking benchmark of $4.36 per square foot by 61.5%.
Historical leasing activity shows a tenant-favorable negotiation environment where tenants secured an average discount of $100 per month, or 4.17% below asking, resulting in 100% of past leases closing under asking. Inventory selection is heavily constrained with only 1-Bedroom + Den layouts available, leaving zero availability across other suite tiers.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at T.O. Condominium as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at T.O. Condominium recently?
T.O. Condominium features 1 active listing as of August 31, 2026, with an asking price range spanning $1,600 to $1,600 per month, averaging $1,600 per month and a median asking rent of $1,600 per month. Active suites average 950 square feet with an asking rate of $1.68 per square foot. The 1-Bedroom + Den layout commands 100% of current inventory, meaning active stock leans entirely toward this single multi-room configuration.
What floor plans and unit layouts are currently available at T.O. Condominium?
The dominant active layout at T.O. Condominium is the 1-Bedroom + Den, accounting for 1 active listing and a 100% inventory share. This single layout tier features an average asking rent of $1,600 per month across an average of 950 square feet at $1.68 per square foot. There are zero units currently available in any other bedroom category.
What is the average asking rent and $/SF by suite size at T.O. Condominium?
T.O. Condominium lists its single active unit with a minimum entry rent of $1,600 per month and a peak asking rent of $1,600 per month, resulting in a dollar spread of $0 and a percentage spread of 0%. The median asking rent matches this single figure at $1,600 per month. The entry-level and peak suite is a 1-Bedroom + Den measuring 950 square feet priced at $1.68 per square foot.
How much extra do parking spaces and dens cost at T.O. Condominium?
T.O. Condominium has unquantified active den premiums, as the active den square footage delta is null. Active parking premiums cannot be reliably isolated due to insufficient paired sample data, meaning parking stall costs cannot be determined.
How do asking rents at T.O. Condominium compare to local and municipal benchmarks?
T.O. Condominium asks $1,600 per month at $1.68 per square foot, which trails the Downtown East submarket asking benchmark of $2,636 per month and $4.36 per square foot. The lower nominal monthly rent is driven by the building's specific suite configuration rather than higher unit pricing, while the active asking rate per square foot sits 61.5% below the submarket asking benchmark. The building accounts for a negligible share of the 192 total active listings across the submarket.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 1 | 2400 | 650 | 3.69 | 34 |
| 2026-07-22 | 1 | 1600 | 950 | 1.68 | N/A |
| 2026-07-23 | 1 | 1600 | 950 | 1.68 | 1 |
| 2026-07-24 | 1 | 1600 | 950 | 1.68 | 2 |
| 2026-07-25 | 1 | 1600 | 950 | 1.68 | 3 |
| 2026-07-26 | 1 | 1600 | 950 | 1.68 | 4 |
| 2026-07-27 | 1 | 1600 | 950 | 1.68 | 5 |
| 2026-07-28 | 1 | 1600 | 950 | 1.68 | 6 |
| 2026-07-29 | 1 | 1600 | 950 | 1.68 | 7 |
| 2026-07-30 | 1 | 1600 | 950 | 1.68 | 8 |
| 2026-07-31 | 1 | 1600 | 950 | 1.68 | 9 |
| 2026-08-01 | 1 | 1600 | 950 | 1.68 | 10 |
| 2026-08-02 | 1 | 1600 | 950 | 1.68 | 11 |
| 2026-08-03 | 1 | 1600 | 950 | 1.68 | 12 |
| 2026-08-04 | 1 | 1600 | 950 | 1.68 | 13 |
| 2026-08-05 | 1 | 1600 | 950 | 1.68 | 14 |
| 2026-08-06 | 1 | 1600 | 950 | 1.68 | 15 |
| 2026-08-07 | 1 | 1600 | 950 | 1.68 | 16 |
| 2026-08-08 | 1 | 1600 | 950 | 1.68 | 17 |
| 2026-08-09 | 1 | 1600 | 950 | 1.68 | 18 |
| 2026-08-10 | 1 | 1600 | 950 | 1.68 | 19 |
| 2026-08-11 | 1 | 1600 | 950 | 1.68 | 20 |
| 2026-08-12 | 1 | 1600 | 950 | 1.68 | 21 |
| 2026-08-13 | 1 | 1600 | 950 | 1.68 | 22 |
| 2026-08-14 | 1 | 1600 | 950 | 1.68 | 23 |
| 2026-08-15 | 1 | 1600 | 950 | 1.68 | 24 |
| 2026-08-16 | 1 | 1600 | 950 | 1.68 | 25 |
| 2026-08-17 | 1 | 1600 | 950 | 1.68 | 26 |
| 2026-08-18 | 1 | 1600 | 950 | 1.68 | 27 |
| 2026-08-19 | 1 | 1600 | 950 | 1.68 | 28 |
| 2026-08-20 | 1 | 1600 | 950 | 1.68 | 29 |
| 2026-08-21 | 1 | 1600 | 950 | 1.68 | 30 |
| 2026-08-22 | 1 | 1600 | 950 | 1.68 | 31 |
| 2026-08-23 | 1 | 1600 | 950 | 1.68 | 32 |
| 2026-08-24 | 1 | 1600 | 950 | 1.68 | 33 |
| 2026-08-25 | 1 | 1600 | 950 | 1.68 | 34 |
| 2026-08-26 | 1 | 1600 | 950 | 1.68 | 35 |
| 2026-08-27 | 1 | 1600 | 950 | 1.68 | 36 |
| 2026-08-28 | 1 | 1600 | 950 | 1.68 | 37 |
| 2026-08-29 | 1 | 1600 | 950 | 1.68 | 38 |
| 2026-08-30 | 1 | 1600 | 950 | 1.68 | 39 |
| 2026-08-31 | 1 | 1600 | 950 | 1.68 | 40 |
12-Month Market Dynamics & Trend Trajectory
T.O. Condominium at 117 Gerrard St E has established a limited lifetime leasing history anchored by 1 total transaction. Realized rents across the building average $2,300 per month at $3.54 per square foot across an average suite size of 650 square feet, with a lifetime average of 35 days on market reflecting moderate tenant turnover in the Downtown East submarket. Pricing discipline at the property favors incoming renters, with 100.0% of transactions closing below initial asking prices. Tenants secured an average monthly discount of $100 per month, equal to a 4.17% markdown and yielding $1,200 in annual tenant savings. This pricing dynamic confirms that landlords adjusted expectations to secure occupancy.
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
T.O. Condominium at 117 Gerrard St E is evaluated against a competitive set of four nearby buildings in the Downtown East micro-market, including Prime (319 Jarvis St, 0.06 km away, completed in 2024, with 80 active listings), The Quarters (256 Jarvis Street, 0.08 km away, completed in 1983, with 3 active listings), Metropolitan Essex (298 Jarvis St, 0.11 km away, completed in 1991, with 5 active listings), and 250 Jarvis (250 Jarvis Street, 0.12 km away, completed in 1990, with 2 active listings). This localized cohort features a distinct structural generational divide, contrasting the newly constructed 2024 high-rise tower at Prime against mature mid-to-late 1980s and early 1990s developments like T.O. Condominium built in 1988. Across this four-building micro-market, the overall comparable benchmark registers an average lease rent of $2,955 per month, an average rate of $3.15 per square foot, and an average suite size of 1,051 square feet. Within this benchmark, T.O. Condominium positions itself as a well-established, mid-scale property offering competitive capital value per square foot compared to ultra-dense modern towers, while balancing its 1988 construction age with traditional interior footprints that exceed the compact layouts seen in newer builds.
Comparable Analysis & Questions
How do rental rates at T.O. Condominium compare to neighbouring buildings within Downtown East?
T.O. Condominium achieves an average lease rent of $2,300 per month, trading below the overall competitive micro-market average of $2,955 per month across its primary benchmarks. Prime (319 Jarvis St) reports an average lease rent of $2,298 per month at $4.42 per square foot across an average of 526 square feet. The Quarters (256 Jarvis Street) registers an average lease rent of $3,833 per month at $2.17 per square foot across a sprawling average of 1,767 square feet. Metropolitan Essex (298 Jarvis St) posts an average lease rent of $3,090 per month at $3.23 per square foot across 970 square feet. Finally, 250 Jarvis (250 Jarvis Street) records an average lease rent of $2,600 per month at $2.77 per square foot across an average of 940 square feet.
Does T.O. Condominium offer a competitive price-per-square-foot ($/SF) against local comparables?
T.O. Condominium defines its value proposition by offering an average lease rate of $3.54 per square foot across an average suite size of 650 square feet, balancing its established 1988 construction age against nearby alternatives and the $4.23 per square foot submarket benchmark. Renters evaluating T.O. Condominium versus Prime (319 Jarvis St, $4.42 per square foot, 526 square feet) benefit from a more competitive rate per square foot and larger living layouts, as the subject building offers 124 more interior square feet and trades at a $0.88 per square foot (19.9%) discount below Prime. Conversely, when compared to larger heritage footprints such as The Quarters (256 Jarvis Street, $2.17 per square foot, 1,767 square feet) or Metropolitan Essex (298 Jarvis St, $3.23 per square foot, 970 square feet), tenants at T.O. Condominium trade expansive square footage for a more manageable footprint and modern rental efficiency.
How do building age, amenities, and developer reputation impact rent spreads?
T.O. Condominium delivers a comprehensive lifestyle and amenity package that successfully rivals newer developments in the Downtown East submarket. The building features five signature amenities including a 24-hour Concierge & Security service, a fully equipped Gym & Fitness Centre, a relaxing Sauna & Steam Room, an indulgent Hot Tub & Jacuzzi, and a scenic Rooftop Terrace accompanied by a dedicated Dog Run and Garden & Courtyard. When contrasted against newer peers like Prime (319 Jarvis St), which leans into contemporary trends with a Yoga Studio, Pet Wash Station, and Putting Green, T.O. Condominium maintains an edge with its traditional wellness facilities like the shared spa and hot tub infrastructure. Meanwhile, buildings like 250 Jarvis Street offer only basic shared laundry and security, leaving T.O. Condominium exceptionally well-suited for urban professionals and pet owners seeking robust building amenities without paying ultra-luxury new-construction premiums.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around T.O. Condominium.
Building Amenities
- Concierge & Security
- Shared Laundry Room
- Gym & Fitness Centre
- Sauna & Steam Room
- Hot Tub & Jacuzzi
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
- Dog Run
Residential Buildings in the Vicinity
- Prime57 m
- The Quarters83 m
- Metropolitan Essex113 m
- 250 Jarvis116 m
- Gerrard Place151 m
- Jac Condos185 m
- Alter215 m
- 365 Church234 m
- 377 Church Street N258 m
- Hampshire House265 m
- The Merchandise Building I280 m
- Carlton on the Park302 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for T.O. Condominium.
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.
