Market Data as of September 30, 2026
Galleria 3 — Apartments for Rent & Lease Comps
Building Summary & Rental Market Overview
Rental market analytics and building profile as of September 30, 2026.
Galleria 3 at 1185 Dupont Street in Toronto's Dovercourt neighbourhood is a 429-suite residential tower developed by Almadev with an estimated completion year of 2026. As of September 30, 2026, seven units are actively listed for rent, representing a 1.6 percent availability rate across the building. Leasing velocity remains brisk in this initial-occupancy phase: four leases closed in the trailing 30 days at an average of seven days on market, while 23 additional leases signed over the past 90 days averaged 30 days on market.
Active asking rents at Galleria 3 average $2,764 per month with a median of $2,750, compared to the 90-day realized lease average of $2,443 per month. On a rate basis, the active asking rate of $4.04 per square foot sits marginally below the 90-day realized rate of $4.06 per square foot, a gap explained by the fact that current listings average 688 square feet versus the 644-square-foot footprint of all-time closed leases. Against the broader Dovercourt submarket asking benchmark of $3.97 per square foot, Galleria 3's active inventory trades 1.8 percent above the neighbourhood rate, even though its suites run 61 square feet smaller than the submarket implied average of 749 square feet.
Marketing friction at Galleria 3 is low: active listings average just four days on market, well under the Dovercourt submarket benchmark of 24 days, and historical closed leases show tenants negotiated an average discount of $70 per month, or 2.79 percent below asking, across all tracked transactions. Inventory depth skews heavily toward two-bedroom layouts, with five of the seven active listings in that tier offering renters a meaningful selection. The one-bedroom-plus-den and two-bedroom-plus-den categories each carry a single listing, making those configurations effectively one-unit plays for prospective tenants.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Galleria 3 as of September 30, 2026 (comparing September 2026 vs August 2026).
Active Market Insights & Questions
How has rental availability changed at Galleria 3 recently?
Galleria 3 at 1185 Dupont Street has seven units actively listed as of September 30, 2026, with asking rents ranging from $2,100 to $3,200 per month, an average of $2,764, and a median of $2,750. Active suites average 688 square feet at an asking rate of $4.04 per square foot, and the inventory leans decisively toward multi-bedroom layouts: two-bedroom units account for 71.4 percent of available stock, while the remaining 28.6 percent splits between a single one-bedroom-plus-den and a single two-bedroom-plus-den. The current listing mix is therefore weighted toward mid-size family and shared-living footprints rather than compact entry-level studios.
What floor plans and unit layouts are currently available at Galleria 3?
The dominant active layout at Galleria 3 is the two-bedroom, with five listings representing 71.4 percent of available inventory at an average asking rent of $2,810 per month across 691 square feet and a rate of $4.07 per square foot. The one-bedroom-plus-den tier holds a single listing at $2,100 per month for 508 square feet at $4.13 per square foot, and the two-bedroom-plus-den tier likewise carries one unit at $3,200 per month for 850 square feet at $3.76 per square foot. Renters seeking a den configuration face a one-unit choice in either tier, while the two-bedroom pool offers the deepest selection in the building.
What is the average asking rent and $/SF by suite size at Galleria 3?
Galleria 3's active asking rents span from a $2,100 entry point to a $3,200 peak, producing a dollar spread of $1,100 and a percentage spread of 52.4 percent. The median asking rent of $2,750 per month sits near the lower third of that range, anchored by the entry-level one-bedroom-plus-den at 508 square feet and $4.13 per square foot. At the top end, the two-bedroom-plus-den at 850 square feet commands $3,200 per month at a more efficient $3.76 per square foot, reflecting the premium for additional den space and a larger overall footprint.
How much extra do parking spaces and dens cost at Galleria 3?
Active den premiums at Galleria 3 cannot be reliably quantified from the current paired sample, so no specific dollar delta or marginal cost per square foot for den space can be stated. Parking premium data is likewise inconclusive: the active listing sample does not provide a reliable paired comparison to isolate a verified parking stall cost, and no figure should be assumed. Historical closed leases do confirm a verified parking premium of $210 per month, which serves as the best available reference point for budgeting.
How do asking rents at Galleria 3 compare to local and municipal benchmarks?
Galleria 3's active asking average of $2,764 per month and $4.04 per square foot compare to the Dovercourt submarket asking benchmark of $2,975 per month and $3.97 per square foot, placing the building 1.8 percent above the neighbourhood rate on a per-square-foot basis. The lower nominal rent relative to the submarket average is driven by suite size: Galleria 3's active listings average 688 square feet, which is 61 square feet smaller than the submarket implied asking footprint of 749 square feet. In terms of inventory share, Galleria 3's seven active listings represent roughly 19 percent of the 37 total available units tracked across the Dovercourt submarket.
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 Galleria 3 (Data period: For the month of September 2026).
Leased Transaction Insights & Questions
How many suites were leased at Galleria 3 last month, and how fast did they rent?
Galleria 3 at 1185 Dupont Street closed 4 leases in the trailing 30 days with a 7-day average DOM, compared to a 30-day average across the 90-day window and a 24-day submarket benchmark. The 90-day window produced 23 closings at a 30-day average DOM, while the full 1-year and lifetime record stands at 146 leases with a 24-day average DOM. Leasing cadence accelerated sharply in the most recent month, with DOM compressing from 30 days in the 90-day window down to 7 days in the trailing 30 days, signalling a pickup in tenant absorption as the building enters its initial occupancy phase.
What is the negotiation spread between asking rents and closed lease prices at Galleria 3?
Galleria 3 tenants negotiated an average discount of $70 per month (2.79% below asking), translating to $840 in annual savings per lease across tracked transactions. Exactly 50.0% of all 146 closed leases settled below the listed asking price, confirming consistent tenant leverage and landlord concession in this Dovercourt submarket. The net negotiation spread of -$70 per month reflects a tenant-favorable pricing environment where landlords absorbed modest concessions to close deals rather than hold at list.
What are typical executed lease prices across different layouts at Galleria 3?
The two highest-volume anchor layouts at Galleria 3 are the 2-Bedroom (48 leases, $2,600 average, 21-day DOM) and the 1-Bedroom + Den (40 leases, $2,177 average, 25-day DOM), both representing statistically robust benchmarks. The 1-Bedroom tier closed 36 leases at $1,956 average (median $1,938, P25–P75 range $1,894–$2,000), averaging 468 square feet at $4.28 per square foot with a 27-day DOM. The 3-Bedroom+ tier recorded 11 leases at $3,532 average (median $3,500, P25–P75 range $3,500–$3,550), averaging 1,022 square feet at $3.48 per square foot with a 23-day DOM. The 2-Bedroom + Den tier represents a moderate sample of 6 leases at $2,875 average (median $2,825, P25–P75 range $2,762–$2,888), averaging 908 square feet at $3.17 per square foot with a 25-day DOM. The Studio tier is a moderate sample of 5 leases at $1,870 average (median $1,800, P25–P75 range $1,800–$1,850), averaging 398 square feet at $4.70 per square foot with a 26-day DOM.
What measurable rent premium did suites with parking achieve in closed leases at Galleria 3?
Galleria 3 realized a verified leased parking premium of $210 per month across its 146 tracked leases. This figure is confirmed by paired lease data and reflects the going rate tenants paid for bundled or assigned parking at this Almadev development. Active listing parking premiums could not be reliably isolated due to insufficient paired samples or anomalous outliers, so the $210 verified lease figure remains the only defensible benchmark for parking value at this address.
How does the lease-to-listing ratio at Galleria 3 reflect current tenant demand?
Galleria 3 rents followed a modestly volatile trajectory across the six-month tracked timeline from April through September 2026, peaking in August before a nominal dip in September. April saw 8 closings at $2,531 average and $3.44 per square foot with a 9-day DOM. May was the volume peak with 60 closings at $2,307 average and $3.86 per square foot over a 17-day DOM. June recorded 53 closings at $2,399 average and $3.70 per square foot with a 32-day DOM. July closed 17 leases at $2,534 average and $3.76 per square foot with a 38-day DOM. August produced 4 closings at $2,575 average and $4.69 per square foot over an 18-day DOM. September closed 4 leases at $2,131 average and $4.38 per square foot with a 7-day DOM; the nominal rent drop from August reflects compact suite footprints in the September closings rather than any property devaluation, as the per-square-foot rate actually declined from $4.69 to $4.38.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Galleria 3 (Data period: For the month of September 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Galleria 3, and what was their re-listing price compared to previous asking?
Galleria 3 logged 2 delisted units in the tracked period, both classified as terminated listings with zero expired or suspended entries. Against 4 trailing-30-day lease closings, the delisted-to-leased ratio stands at 50%, while against the lifetime volume of 146 leases the ratio is a negligible 1.4%. This low absolute count indicates minimal listing churn, though the 50% ratio against the thin 30-day lease base warrants monitoring as a potential early friction signal.
How do asking prices on de-listed suites compare to executed leases and active listings at Galleria 3?
Galleria 3 unrented units asked an average of $2,225 per month, which is $94 per month (4.4%) above the realized 30-day lease average of $2,131, indicating direct overpricing relative to market-clearing levels. The delisted average rate per square foot of $4.44 also sits above the 30-day realized lease rate of $4.38 per square foot, confirming that the spread is not a footprint artifact but a genuine pricing premium that failed to attract tenants.
What market friction causes rental listings to stall or de-list at Galleria 3?
Galleria 3 delisted units sat on market for an average of 79 days, compared to a 7-day realized lease DOM in the trailing 30 days, producing a 72-day excess marketing period. That 72-day overhang translates to approximately 2.4 months of lost rent at the $2,225 asking rate, or roughly $5,340 in foregone revenue per unit, before accounting for ongoing condo maintenance fees and carrying costs. Even measured against the lifetime 24-day lease DOM, the excess is 55 days, underscoring that the two terminated listings represented a meaningful vacancy carry event in an otherwise tight leasing window.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 52 | 2408 | 621 | 4.01 | 5 |
| 2026-04-28 | 53 | 2390 | 613 | 4.03 | 6 |
| 2026-04-29 | 60 | 2380 | 603 | 4.08 | 6 |
| 2026-04-30 | 61 | 2398 | 610 | 4.07 | 6 |
| 2026-05-01 | 66 | 2428 | 622 | 4.05 | 7 |
| 2026-05-02 | 70 | 2403 | 616 | 4.04 | 7 |
| 2026-05-03 | 71 | 2400 | 613 | 4.06 | 8 |
| 2026-05-04 | 76 | 2399 | 613 | 4.06 | 8 |
| 2026-05-05 | 80 | 2394 | 614 | 4.04 | 8 |
| 2026-05-06 | 80 | 2403 | 615 | 4.04 | 9 |
| 2026-05-07 | 80 | 2414 | 617 | 4.06 | 10 |
| 2026-05-08 | 90 | 2425 | 3944 | 4.00 | 9 |
| 2026-05-09 | 90 | 2424 | 3945 | 4.00 | 10 |
| 2026-05-10 | 91 | 2428 | 3911 | 3.99 | 11 |
| 2026-05-11 | 93 | 2450 | 3847 | 3.98 | 12 |
| 2026-05-12 | 93 | 2442 | 3847 | 3.96 | 12 |
| 2026-05-13 | 95 | 2430 | 3776 | 3.96 | 13 |
| 2026-05-14 | 90 | 2426 | 622 | 4.02 | 14 |
| 2026-05-15 | 92 | 2428 | 624 | 4.01 | 14 |
| 2026-05-16 | 90 | 2427 | 624 | 4.01 | 15 |
| 2026-05-17 | 87 | 2433 | 624 | 4.01 | 16 |
| 2026-05-18 | 85 | 2431 | 622 | 4.02 | 17 |
| 2026-05-19 | 82 | 2446 | 625 | 4.02 | 18 |
| 2026-05-20 | 77 | 2439 | 627 | 4.00 | 19 |
| 2026-05-21 | 69 | 2450 | 628 | 4.02 | 19 |
| 2026-05-22 | 69 | 2464 | 632 | 4.02 | 20 |
| 2026-05-23 | 66 | 2470 | 635 | 4.01 | 21 |
| 2026-05-24 | 65 | 2467 | 633 | 4.02 | 22 |
| 2026-05-25 | 64 | 2482 | 638 | 4.02 | 22 |
| 2026-05-26 | 63 | 2448 | 629 | 4.01 | 22 |
| 2026-05-27 | 61 | 2464 | 637 | 4.00 | 22 |
| 2026-05-28 | 59 | 2486 | 649 | 3.95 | 22 |
| 2026-05-29 | 58 | 2509 | 657 | 3.92 | 23 |
| 2026-05-30 | 57 | 2518 | 661 | 3.91 | 24 |
| 2026-05-31 | 57 | 2518 | 661 | 3.91 | 25 |
| 2026-06-01 | 53 | 2500 | 659 | 3.89 | 25 |
| 2026-06-02 | 50 | 2489 | 658 | 3.87 | 25 |
| 2026-06-03 | 49 | 2501 | 664 | 3.86 | 26 |
| 2026-06-04 | 50 | 2479 | 656 | 3.87 | 26 |
| 2026-06-05 | 48 | 2484 | 659 | 3.87 | 26 |
| 2026-06-06 | 45 | 2430 | 647 | 3.86 | 25 |
| 2026-06-07 | 44 | 2417 | 642 | 3.87 | 25 |
| 2026-06-08 | 42 | 2416 | 636 | 3.90 | 27 |
| 2026-06-09 | 40 | 2407 | 633 | 3.91 | 29 |
| 2026-06-10 | 39 | 2365 | 621 | 3.91 | 29 |
| 2026-06-11 | 38 | 2320 | 607 | 3.93 | 28 |
| 2026-06-12 | 37 | 2329 | 612 | 3.89 | 28 |
| 2026-06-13 | 37 | 2329 | 612 | 3.89 | 29 |
| 2026-06-14 | 36 | 2338 | 614 | 3.90 | 31 |
| 2026-06-15 | 32 | 2285 | 596 | 3.93 | 32 |
| 2026-06-16 | 30 | 2314 | 606 | 3.91 | 33 |
| 2026-06-17 | 29 | 2322 | 605 | 3.94 | 34 |
| 2026-06-18 | 29 | 2322 | 605 | 3.94 | 35 |
| 2026-06-19 | 26 | 2328 | 617 | 3.86 | 33 |
| 2026-06-20 | 26 | 2328 | 617 | 3.86 | 34 |
| 2026-06-21 | 26 | 2328 | 617 | 3.86 | 35 |
| 2026-06-22 | 27 | 2322 | 618 | 3.84 | 35 |
| 2026-06-23 | 25 | 2328 | 612 | 3.88 | 36 |
| 2026-06-24 | 23 | 2389 | 632 | 3.88 | 31 |
| 2026-06-25 | 23 | 2412 | 632 | 3.92 | 31 |
| 2026-06-26 | 20 | 2420 | 629 | 3.96 | 36 |
| 2026-06-27 | 20 | 2420 | 629 | 3.96 | 37 |
| 2026-06-28 | 20 | 2420 | 629 | 3.96 | 38 |
| 2026-06-29 | 18 | 2461 | 647 | 3.91 | 37 |
| 2026-06-30 | 16 | 2484 | 651 | 3.93 | 39 |
| 2026-07-01 | 14 | 2432 | 623 | 4.01 | 41 |
| 2026-07-02 | 14 | 2439 | 630 | 3.98 | 39 |
| 2026-07-03 | 14 | 2461 | 645 | 3.90 | 36 |
| 2026-07-04 | 14 | 2461 | 645 | 3.90 | 37 |
| 2026-07-05 | 14 | 2461 | 645 | 3.90 | 38 |
| 2026-07-06 | 12 | 2371 | 616 | 3.93 | 42 |
| 2026-07-07 | 11 | 2259 | 582 | 3.96 | 41 |
| 2026-07-08 | 9 | 2244 | 587 | 3.92 | 43 |
| 2026-07-09 | 9 | 2344 | 597 | 3.99 | 43 |
| 2026-07-10 | 9 | 2344 | 597 | 3.99 | 44 |
| 2026-07-11 | 9 | 2344 | 597 | 3.99 | 45 |
| 2026-07-12 | 8 | 2388 | 607 | 4.01 | 43 |
| 2026-07-13 | 7 | 2414 | 615 | 4.01 | 40 |
| 2026-07-14 | 6 | 2467 | 626 | 4.05 | 44 |
| 2026-07-15 | 6 | 2467 | 626 | 4.05 | 45 |
| 2026-07-16 | 5 | 2300 | 583 | 4.07 | 53 |
| 2026-07-17 | 4 | 2288 | 586 | 4.06 | 59 |
| 2026-07-18 | 4 | 2288 | 586 | 4.06 | 60 |
| 2026-07-19 | 4 | 2288 | 586 | 4.06 | 61 |
| 2026-07-20 | 4 | 2288 | 586 | 4.06 | 62 |
| 2026-07-21 | 5 | 2220 | 547 | 4.24 | 50 |
| 2026-07-22 | 3 | 2033 | 448 | 4.65 | 56 |
| 2026-07-23 | 3 | 2033 | 448 | 4.65 | 57 |
| 2026-07-24 | 3 | 2033 | 448 | 4.65 | 58 |
| 2026-07-25 | 3 | 2033 | 448 | 4.65 | 59 |
| 2026-07-26 | 3 | 2033 | 448 | 4.65 | 60 |
| 2026-07-27 | 3 | 2033 | 448 | 4.65 | 61 |
| 2026-07-28 | 3 | 2033 | 448 | 4.65 | 62 |
| 2026-07-29 | 3 | 2033 | 448 | 4.65 | 63 |
| 2026-07-30 | 4 | 2325 | 574 | 4.33 | 48 |
| 2026-07-31 | 4 | 2325 | 574 | 4.33 | 49 |
| 2026-08-01 | 5 | 2380 | 580 | 4.32 | 40 |
| 2026-08-02 | 5 | 2380 | 580 | 4.32 | 41 |
| 2026-08-03 | 5 | 2380 | 580 | 4.32 | 42 |
| 2026-08-04 | 6 | 2483 | 609 | 4.27 | 36 |
| 2026-08-05 | 6 | 2483 | 609 | 4.27 | 37 |
| 2026-08-06 | 6 | 2483 | 609 | 4.27 | 38 |
| 2026-08-07 | 6 | 2483 | 609 | 4.27 | 39 |
| 2026-08-08 | 6 | 2483 | 609 | 4.27 | 40 |
| 2026-08-09 | 6 | 2483 | 609 | 4.27 | 41 |
| 2026-08-10 | 5 | 2340 | 540 | 4.45 | 48 |
| 2026-08-11 | 5 | 2340 | 540 | 4.45 | 49 |
| 2026-08-12 | 5 | 2340 | 540 | 4.45 | 50 |
| 2026-08-13 | 5 | 2340 | 540 | 4.45 | 51 |
| 2026-08-14 | 5 | 2340 | 540 | 4.45 | 52 |
| 2026-08-15 | 4 | 2438 | 577 | 4.32 | 60 |
| 2026-08-16 | 4 | 2438 | 577 | 4.32 | 61 |
| 2026-08-17 | 4 | 2438 | 577 | 4.32 | 62 |
| 2026-08-18 | 4 | 2438 | 577 | 4.32 | 63 |
| 2026-08-19 | 4 | 2438 | 577 | 4.32 | 64 |
| 2026-08-20 | 4 | 2438 | 577 | 4.32 | 65 |
| 2026-08-21 | 3 | 2250 | 519 | 4.43 | 83 |
| 2026-08-22 | 3 | 2250 | 519 | 4.43 | 84 |
| 2026-08-23 | 3 | 2250 | 519 | 4.43 | 85 |
| 2026-08-24 | 3 | 2250 | 519 | 4.43 | 86 |
| 2026-08-25 | 4 | 2225 | 489 | 4.67 | 65 |
| 2026-08-26 | 4 | 2225 | 489 | 4.67 | 66 |
| 2026-08-27 | 4 | 2225 | 489 | 4.67 | 67 |
| 2026-08-28 | 5 | 2240 | 523 | 4.43 | 54 |
| 2026-08-29 | 5 | 2240 | 523 | 4.43 | 55 |
| 2026-08-30 | 4 | 2150 | 502 | 4.47 | 63 |
| 2026-08-31 | 2 | 2225 | 529 | 4.44 | 67 |
| 2026-09-01 | 1 | 2300 | 657 | 3.50 | 4 |
| 2026-09-02 | 1 | 2300 | 657 | 3.50 | 5 |
| 2026-09-03 | 1 | 2300 | 657 | 3.50 | 6 |
| 2026-09-04 | 1 | 2300 | 657 | 3.50 | 7 |
| 2026-09-05 | 2 | 2175 | 565 | 3.92 | 4 |
| 2026-09-06 | 2 | 2175 | 565 | 3.92 | 5 |
| 2026-09-07 | 2 | 2175 | 565 | 3.92 | 6 |
| 2026-09-08 | 2 | 2175 | 565 | 3.92 | 7 |
| 2026-09-09 | 2 | 2175 | 565 | 3.92 | 8 |
| 2026-09-10 | 2 | 2175 | 565 | 3.92 | 9 |
| 2026-09-11 | 2 | 2175 | 565 | 3.92 | 10 |
| 2026-09-12 | 2 | 2175 | 565 | 3.92 | 11 |
| 2026-09-13 | 2 | 2175 | 565 | 3.92 | 12 |
| 2026-09-14 | 2 | 2175 | 565 | 3.92 | 13 |
| 2026-09-15 | 3 | 2183 | 510 | 4.44 | 9 |
| 2026-09-16 | 2 | 2250 | 529 | 4.50 | 10 |
| 2026-09-17 | 3 | 2167 | 510 | 4.41 | 7 |
| 2026-09-18 | 3 | 2567 | 636 | 4.26 | 8 |
| 2026-09-19 | 3 | 2567 | 636 | 4.26 | 9 |
| 2026-09-20 | 3 | 2567 | 636 | 4.26 | 10 |
| 2026-09-21 | 3 | 2567 | 636 | 4.26 | 11 |
| 2026-09-22 | 2 | 2750 | 754 | 3.63 | 15 |
| 2026-09-23 | 3 | 2683 | 719 | 3.73 | 2 |
| 2026-09-24 | 3 | 2683 | 719 | 3.73 | 3 |
| 2026-09-25 | 5 | 2710 | 693 | 3.92 | 2 |
| 2026-09-26 | 5 | 2710 | 693 | 3.92 | 3 |
| 2026-09-27 | 5 | 2710 | 693 | 3.92 | 4 |
| 2026-09-28 | 5 | 2710 | 693 | 3.92 | 5 |
| 2026-09-29 | 6 | 2758 | 703 | 3.93 | 5 |
| 2026-09-30 | 7 | 2764 | 688 | 4.04 | 4 |
12-Month Market Dynamics & Trend Trajectory
Galleria 3 realized an average lease rent of $2,382 per month and $3.81 per square foot across its 146 lifetime leases, positioning the building $49 per month below the Dovercourt submarket average of $2,431 and $0.11 per square foot below the submarket rate of $3.92 per square foot. The building's 644-square-foot average suite size is 61 square feet smaller than the submarket implied average of 749 square feet, meaning the modest nominal rent discount partly reflects compact footprints rather than a structural pricing gap. Pricing discipline at Galleria 3 skews tenant-favorable: 50.0% of all tracked leases closed below asking, with an average concession of $70 per month (2.79%) and $840 in annualized tenant savings per lease. The net negotiation spread of -$70 per month confirms that landlords at this Almadev development absorbed moderate concessions to close deals, a pattern consistent with initial-occupancy pricing strategy in the Dovercourt submarket where 37 active competing listings average $2,975 per month.
Available inventory summary
Galleria 3, 1185 Dupont Street, Dovercourt, Toronto: seven units available (1.6 percent of 429 suites), asking rents from $2,100 to $3,200 per month with an average of $2,764 and median of $2,750. Active suites average 688 square feet at $4.04 per square foot; the layout split is 71 percent two-bedroom, 14 percent one-bedroom-plus-den, and 14 percent two-bedroom-plus-den. Listings are moving fast at an average of four days on market versus the submarket norm of 24 days, and historical leases show tenants saving an average of $70 per month through negotiation. Parking premium data is unverified for active listings, though closed leases confirm a $210-per-month stall cost.
| Configuration (1-Bedroom) | Units | Rent range | Avg asking rent | Avg $/PSF | Avg DOM |
|---|---|---|---|---|---|
With Den• No Parking | 1 | $2,100 – $2,100 | $2,100 | $4.13 | 0d |
| Configuration (2-Bedroom) | Units | Rent range | Avg asking rent | Avg $/PSF | Avg DOM |
|---|---|---|---|---|---|
No Den• No Parking | 1 | $2,950 – $2,950 | $2,950 | $3.95 | 0d |
No Den• With Parking | 4 | $2,600 – $3,000 | $2,775 | $4.10 | 5d |
With Den• With Parking | 1 | $3,200 – $3,200 | $3,200 | $3.76 | 12d |
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2500 | 637 | 3.92 | 3 |
| 2026-05-03 | 8 | 2344 | 651 | 3.79 | 12 |
| 2026-05-10 | 13 | 2400 | 628 | 3.89 | 12 |
| 2026-05-17 | 25 | 2290 | 631 | 3.74 | 19 |
| 2026-05-24 | 13 | 2210 | 554 | 4.12 | 23 |
| 2026-05-31 | 16 | 2511 | 680 | 3.76 | 31 |
| 2026-06-07 | 12 | 2652 | 744 | 3.64 | 27 |
| 2026-06-14 | 13 | 2282 | 609 | 3.81 | 32 |
| 2026-06-21 | 8 | 2134 | 635 | 3.38 | 36 |
| 2026-06-28 | 8 | 2281 | 614 | 3.83 | 42 |
| 2026-07-05 | 6 | 2783 | 749 | 3.79 | 31 |
| 2026-07-12 | 5 | 2315 | 607 | 3.80 | 42 |
| 2026-07-19 | 2 | 2475 | 696 | 3.58 | 44 |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 2 | 2725 | 673 | 4.42 | 18 |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-30 | 2 | 2425 | 504 | 4.95 | 18 |
| 2026-09-06 | 0 | N/A | N/A | N/A | N/A |
| 2026-09-13 | 2 | 2038 | 473 | 4.31 | 6 |
| 2026-09-20 | 1 | 2200 | 400 | 5.50 | 7 |
| 2026-09-27 | 1 | 2250 | 657 | 3.42 | 7 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Galleria 3 at 1185 Dupont Street sits in a tight cluster of same-developer, same-submarket buildings within a 400-metre radius. The three active pricing peers are Galleria on the Park (1245 Dupont Street, 0.14 km, completed 2024, 2 closed leases in the trailing 180 days), Galleria on the Park – Galleria 02 (10 Graphophone Grove, 0.2 km, completed 2025, 17 closed leases), and Galleria on the Park – Galleria 01 (1285 Dupont Street, 0.23 km, completed 2025, 26 closed leases). Iron Works Lofts at 99 Chandos Avenue (0.37 km, built in 2010) recorded zero lease transactions over the same window and functions solely as an architectural and amenity reference rather than an active pricing benchmark. The three Galleria-series buildings represent a single development generation completed between 2024 and 2025, while Iron Works Lofts is a 16-year-old industrial-conversion asset with a fundamentally different unit mix and lifestyle offering. The combined comp benchmark across the three active peers averages $2,405 per month in realized rent, $3.82 per square foot, and 652 square feet of interior space. Galleria 3's trailing-12-month realized average of $2,382 per month and $3.81 per square foot places it marginally below the comp cluster on both metrics, while its 644-square-foot average suite sits 8 square feet under the comp mean. Against the broader Dovercourt submarket benchmark of $2,431 per month and $3.92 per square foot, the subject trades at a modest discount on rate per square foot, consistent with its initial-occupancy lifecycle stage and a 1.6 percent availability rate that still reflects early-lease pricing dynamics rather than full market absorption.
10 Graphophone Grove, Toronto
Comparable Analysis & Questions
How do rental rates at Galleria 3 compare to neighbouring buildings within Dovercourt?
Galleria 3's trailing-12-month average realized rent of $2,382 per month lands $23 below the three-active-comp benchmark of $2,405, with the spread driven by two higher-renting 2025 completions and one lower-renting 2024 building. Galleria on the Park at 1245 Dupont Street (0.14 km, 2 closed leases) averaged $2,025 per month at $4.05 per square foot across 525-square-foot suites, meaning Galleria 3 commands a $357-per-month higher realized rent than that peer. Galleria on the Park – Galleria 02 at 10 Graphophone Grove (0.2 km, 17 closed leases) averaged $2,594 per month at $3.71 per square foot over 706 square feet, placing Galleria 3's realized rent $212 lower. Galleria on the Park – Galleria 01 at 1285 Dupont Street (0.23 km, 26 closed leases) averaged $2,597 per month at $3.69 per square foot across 726 square feet, with Galleria 3 trading $215 below that figure. Iron Works Lofts at 99 Chandos Avenue (0.37 km) recorded zero closed leases in the trailing 180 days and therefore carries no realized rent benchmark for comparison.
Does Galleria 3 offer a competitive price-per-square-foot ($/SF) against local comparables?
Galleria 3's realized rate of $3.81 per square foot across a 644-square-foot average suite positions it at a slight discount to the Dovercourt submarket leased benchmark of $3.92 per square foot while offering a footprint roughly 105 square feet smaller than the submarket implied average of 749 square feet. Against Galleria on the Park (2 closed leases, $4.05 per square foot, 525 sq ft), the subject trades at a $0.24-per-square-foot (5.9 percent) discount and provides 119 more interior square feet; the $357 higher nominal rent is therefore a function of the larger suite footprint rather than a per-unit valuation premium. Against Galleria on the Park – Galleria 02 (17 closed leases, $3.71 per square foot, 706 sq ft), the subject commands a $0.10-per-square-foot (2.7 percent) premium while providing 62 fewer interior square feet, so the $212 lower nominal rent reflects the compact footprint rather than a weaker per-unit rate. The same logic applies to Galleria on the Park – Galleria 01 (26 closed leases, $3.69 per square foot, 726 sq ft), where the subject commands a $0.12-per-square-foot (3.3 percent) premium over 82 fewer square feet, yielding a $215 lower monthly rent driven entirely by the smaller interior area.
How do building age, amenities, and developer reputation impact rent spreads?
Galleria 3 offers a 19-item lifestyle package that spans aquatic, wellness, remote-work, and family-oriented facilities, giving it a broader recreational footprint than any single nearby competitor. The subject's signature differentiators include a dedicated Woodworking Room, an Outdoor Children's Playground, a Dog Run, and a Spin Studio—features absent from all three active Galleria-series peers. Galleria on the Park (1245 Dupont Street) counters with a Wine Cellar, Meditation Room, Hobby Room, and Cabanas that the subject does not carry, while Galleria 02 (10 Graphophone Grove) adds a Childcare Center, Dance Studio, Media & Theatre Room, and Multi-use Sports Court. Galleria 01 (1285 Dupont Street) offers a Media & Theatre Room and Multi-use Sports Court not found at the subject. Iron Works Lofts (99 Chandos Avenue), with zero recent lease activity, provides only a BBQ Area, Concierge & Security, Rooftop Terrace, and Shared Laundry Room—a stark contrast to the subject's full-service package. The building's combination of aquatic and fitness programming, dedicated pet infrastructure, family play spaces, and remote-work facilities is best suited to young professional households with children or pets who prioritize a turnkey lifestyle community over a single high-end amenity anchor.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Galleria 3.
Building Amenities
- Concierge & Security
- EV Charging Station
- Gym & Fitness Centre
- Yoga Studio
- Spin Studio
- Outdoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Business Centre
- Games & Billiards Room
- Woodworking Room
- Dining Room & Kitchen
- BBQ Area
- Rooftop Terrace
- Children's Playground - Outdoor
- Kids' Play Room - Indoor
- Dog Run
- Pet Wash Station
Residential Buildings in the Vicinity
- Galleria on the Park143 m
- Galleria on the Park - Galleria 02201 m
- Galleria on the Park - Galleria 01230 m
- Iron Works Lofts369 m
- Heritage Towns at Hallam442 m
- Chelsea Lofts542 m
- DuPont Loft Residences585 m
- Fuse620 m
- UpsidedownCondos - I675 m
- Fuse 2689 m
- UpsidedownCondos - II708 m
- Foundry Lofts725 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Galleria 3.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of September 30, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (September 2026 vs August 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.