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Market Data as of August 31, 2026

East United Condos — Rental Market Data

120 Parliament St, Toronto, Ontario M5A 0N6
Quick Rent Estimate
Active Suites3 Available
Type
Units
Avg Rent
1-Bedroom + Den
2
$2,225
3-Bedroom+
1
$3,500

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites329
DeveloperSigNature Developments & Berkshire Axis Development & Andiel Homes

East United Condos, located at 120 Parliament St in Toronto's Downtown East neighborhood, is an established 329-suite residential development completed in 2020 by SigNature Developments, Berkshire Axis Development, and Andiel Homes. The property currently features 3 active listings representing a 0.9% availability rate. Over the past 90 days, the building recorded 21 closed leases with an average of 20 days on market, alongside 7 closed leases over the past 30 days averaging 15 days on market.

Current active asking rents average $2,650 per month at $4.57 per square foot across an average footprint of 600 square feet, which contrasts against realized 90-day leases averaging $2,338 per month at $4.25 per square foot across an average of 571 square feet, indicating that current active inventory skews toward larger layouts compared to past leases while asking rates sit 4.8% above the submarket asking benchmark of $4.36 per square foot.

Marketing friction remains exceptionally low given that unrented listings sit at parity with realized leases and historical data shows 31.0% of past leases successfully closing below asking with tenants securing an average discount of $37 per month, while inventory availability features selection focused on 1-Bedroom + Den and 3-Bedroom+ configurations.

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Active Rental Inventory & Asking Rates

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

Active Units3
-1 (25.0%)
Avg Asking Rent$2,650
+$88 (3.4%)
Avg Suite Size600 sf
+25 sf (4.3%)
Avg Days on Market36d
+18d (99.1%)
Avg Asking $/SF$4.57
-$0.05 (1.2%)

Active Market Insights & Questions

How has rental availability changed at East United Condos recently?

East United Condos features 3 active listings as of August 31, 2026, spanning an asking price range of $2,200 to $3,500 per month, with an average asking rent of $2,650 per month and a median asking rent of $2,250 per month. Active suites average 600 square feet with an asking rate of $4.57 per square foot, dominated by 1-Bedroom + Den layouts holding a 66.7% share of current inventory that leans toward compact entry-level footprints.

What floor plans and unit layouts are currently available at East United Condos?

The dominant active layout at East United Condos is the 1-Bedroom + Den, accountingK for 2 listings and a 66.7% share of available inventory with an average asking rent of $2,225 per month across an average of 475 square feet at a rate of $4.80 per square foot. The remaining inventory consists of a single 3-Bedroom+ listing holding a 33.3% share of active supply with an average asking rent of $3,500 per month across an average of 850 square feet at a rate of $4.12 per square foot.

What is the average asking rent and $/SF by suite size at East United Condos?

East United Condos carries a minimum entry rent of $2,200 per month and a peak asking rent of $3,500 per month, creating a dollar spread of $1,300 per month or a 59.1% pricing spread. The median asking rent sits at $2,250 per month, anchored by the entry-level 1-Bedroom + Den suite spanning 400 square feet at an asking rate of $5.50 per square foot, while the peak suite consists of a 3-Bedroom+ layout spanning 850 square feet at an asking rate of $4.12 per square foot.

How much extra do parking spaces and dens cost at East United Condos?

East United Condos has unquantified den premiums as active den square footage deltas are currently unavailable from active listings. Active parking premiums cannot be reliably isolated due to an insufficient paired sample of current listings offering parking stalls.

How do asking rents at East United Condos compare to local and municipal benchmarks?

East United Condos commands an average asking rent of $2,650 per month at $4.57 per square foot, comparing against the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot. The building's higher nominal asking rent is driven by larger average suite footprints, while active asking rates sit 4.8% above the submarket asking benchmark as the building represents 1.6% of total submarket active 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 East United Condos (Data period: For the month of August 2026).

Units Leased7
Avg Leased Price$2,489
Avg Leased Size571 sf
Avg Days to Lease15d
Leased $/SF$4.42

Leased Transaction Insights & Questions

How many suites were leased at East United Condos last month, and how fast did they rent?

At East United Condos, the 30-day average days on market is 15 days, the 90-day average days on market is 20 days, and the Downtown East submarket benchmark is 24 days. Leasing turnover accelerated significantly over the summer, with 7 leases closing in the last 30 days compared to 21 leases over the past 90 days and 29 lifetime tracked leases.

What is the negotiation spread between asking rents and closed lease prices at East United Condos?

At East United Condos, units closed at an average discount of $37 per month, representing a 1.40% variance below asking and saving tenants an average of $444 per year in landlord concessions. Exactly 31.0% of leases closed under asking price, highlighting mild tenant leverage in the building.

What are typical executed lease prices across different layouts at East United Condos?

The two highest-volume anchor layouts at East United Condos are 1-Bedroom suites averaging $2,024 per month with a 22-day days on market, and 1-Bedroom + Den suites averaging $2,135 per month with a 24-day days on market. Standard 1-Bedroom units accounted for 10 closed leases, averaging $2,024 per month, a median of $2,000 per month, a P25-P75 range of $1,996 to $2,000 per month, across 494 square feet at $4.18 per square foot with a 22-day days on market, representing a robust sample. 1-Bedroom + Den units accounted for 10 closed leases, averaging $2,135 per month, a median of $2,125 per month, a P25-P75 range of $2,062 to $2,188 per month, across 475 square feet at $4.61 per square foot with a 24-day days on market, representing a robust sample. 2-Bedroom units accounted for 5 closed leases, averaging $2,566 per month, a median of $2,600 per month, a P25-P75 range of $2,480 to $2,600 per month, across 690 square feet at $3.75 per square foot with a 26-day days on market, representing a moderate sample. 2-Bedroom + Den units accounted for 2 closed leases, averaging $3,100 per month, a median of $3,100 per month, a P25-P75 range of $2,950 to $3,250 per month, across 868 square feet at $3.59 per square foot with a 36-day days on market, representing a limited sample size and directional reference only. 3-Bedroom+ units accounted for 2 closed leases, averaging $3,350 per month, a median of $3,350 per month, a P25-P75 range of $3,325 to $3,375 per month, across 850 square feet at $3.94 per square foot with an 18-day days on market, representing a limited sample size and directional reference only.

What measurable rent premium did suites with parking achieve in closed leases at East United Condos?

At East United Condos, the realized leased parking premium is verified at $215 per month. Parking stalls are typically bundled into larger suite configurations or negotiated independently where available. Active asking parking rates lack sufficient paired sample data to isolate a reliable standalone premium.

How does the lease-to-listing ratio at East United Condos reflect current tenant demand?

At East United Condos, overall rent trajectories showed steady upward movement throughout the tracked spring and summer leasing cycle. In April 2026, 5 deals closed averaging $2,139 per month at $3.92 per square foot with 37 days on market. In May 2026, 3 deals closed averaging $2,507 per month at $4.27 per square foot with 33 days on market. In June 2026, 4 deals closed averaging $2,175 per month at $3.95 per square foot with 37 days on market. In July 2026, activity surged with 10 deals closing averaging $2,298 per month at $4.26 per square foot with 16 days on market. In August 2026, 7 deals closed averaging $2,489 per month at $4.42 per square foot with 15 days on market.

Historical Active Listings & Market Dynamics

Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.

Suite Filters
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Chart Metrics
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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)
2026-04-27923055684.1431
2026-04-28723715894.1232
2026-04-29723715894.1233
2026-04-30724005764.3426
2026-05-01824095734.3624
2026-05-02824095734.3625
2026-05-03824095734.3626
2026-05-04824095734.3627
2026-05-05724545764.4430
2026-05-06724545764.4431
2026-05-07724545764.4432
2026-05-08724545764.4433
2026-05-09824095734.3630
2026-05-10724545844.3831
2026-05-11624385734.4627
2026-05-12522154904.6323
2026-05-13622045004.5120
2026-05-14622045004.5121
2026-05-15622045004.5122
2026-05-16622045004.5123
2026-05-17521655204.2125
2026-05-18521655204.2126
2026-05-19521655204.2127
2026-05-20521655204.2128
2026-05-21521655204.2129
2026-05-22521655204.2130
2026-05-23521655204.2131
2026-05-24521655204.2132
2026-05-25420885134.1435
2026-05-26420885134.1436
2026-05-27521105204.1130
2026-05-28521105204.1131
2026-05-29521105204.1132
2026-05-30521105204.1133
2026-05-31620925254.0328
2026-06-01620925254.0329
2026-06-02721365294.0826
2026-06-03721365294.0827
2026-06-04721365294.0828
2026-06-05722935714.0428
2026-06-06722935714.0429
2026-06-07722935714.0430
2026-06-08722865504.2327
2026-06-09722865504.2328
2026-06-10623175504.3018
2026-06-11523405504.3620
2026-06-12523405504.3621
2026-06-13423885504.4719
2026-06-14423885504.4720
2026-06-15423885504.4721
2026-06-16423885504.4722
2026-06-17625176004.2916
2026-06-18724505934.2114
2026-06-19724505934.2115
2026-06-20724505934.2116
2026-06-21724505934.2117
2026-06-22824195694.3716
2026-06-23824195694.3717
2026-06-24824195694.3718
2026-06-25824195694.3719
2026-06-26923725504.4418
2026-06-27923725504.4419
2026-06-28923725504.4420
2026-06-29923725504.4421
2026-06-30824195694.3716
2026-07-01724795714.4715
2026-07-02723335434.4312
2026-07-03823915814.2911
2026-07-04823915814.2912
2026-07-05724476074.1914
2026-07-06724476074.1915
2026-07-07823916064.0814
2026-07-08823916064.0815
2026-07-09823856064.0713
2026-07-10923425834.1713
2026-07-11923425834.1714
2026-07-12923425834.1715
2026-07-13724116074.1016
2026-07-14624255754.4417
2026-07-15624255754.4418
2026-07-16525006104.3016
2026-07-17624255754.4414
2026-07-18624255754.4415
2026-07-19624255754.4416
2026-07-20525106104.3318
2026-07-21525106104.3319
2026-07-22526206304.3813
2026-07-23526206304.3814
2026-07-24526206304.3815
2026-07-25625335924.5314
2026-07-26625335924.5315
2026-07-27524805404.7714
2026-07-28524805404.7715
2026-07-29524805404.7716
2026-07-30524805404.7717
2026-07-31425635754.6218
2026-08-01425635754.6219
2026-08-02425445754.5816
2026-08-03425445754.5817
2026-08-04425445754.5818
2026-08-05628046924.1211
2026-08-06628046924.1212
2026-08-07628046924.1213
2026-08-08529707503.9516
2026-08-09529707503.9517
2026-08-10529707503.9518
2026-08-11529707503.9519
2026-08-12529707503.9520
2026-08-13529707503.9521
2026-08-14626426424.2117
2026-08-15626426424.2118
2026-08-16626426424.2119
2026-08-17626426424.2120
2026-08-18626426424.2121
2026-08-19526706404.2923
2026-08-20526706404.2924
2026-08-21426886384.3624
2026-08-22326506004.5727
2026-08-23326506004.5728
2026-08-24326506004.5729
2026-08-25326506004.5730
2026-08-26326506004.5731
2026-08-27326506004.5732
2026-08-28326506004.5733
2026-08-29326506004.5734
2026-08-30326506004.5735
2026-08-31326506004.5736

12-Month Market Dynamics & Trend Trajectory

East United Condos at 120 Parliament St has established a solid operational track record within the Downtown East submarket, recording 29 lifetime closed leases with an average monthly rent of $2,321 per month. Suites average 571 square feet at a realized rate of $4.20 per square foot, maintaining a lifetime average days on market of 24 days and reflecting steady tenant turnover across the 329-suite building. Pricing discipline remains balanced between landlords and prospective occupants, with 31.0% of transactions securing modest concessions below asking. Leases settled at an average discount of $37 per month or 1.40% below initial list prices, yielding $444 in annual tenant savings and reflecting mild tenant pricing leverage.

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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)
2026-05-10226857403.7242
2026-05-17121504005.3817
2026-05-240N/AN/AN/AN/A
2026-05-31124005504.363
2026-06-07321005503.8248
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-28227007003.8229
2026-07-05120004005.009
2026-07-12421705504.0711
2026-07-19120004005.0010
2026-07-26224506254.3421
2026-08-02320424005.1011
2026-08-09133008503.889
2026-08-16326676833.9120

Nearby Building Rental Comparables & Price Spreads

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

East United Condos is evaluated against a competitive set of four residential developments located within a 0.20-kilometer radius in the Downtown East submarket of Toronto. This micro-market features a clear generational split between mid-2010s constructions and early-2020s modern high-rises, including Home on Power at 52 Power Street (0.09 km away, completed in 2022 with 1 active listing), home. Power + Adelaide at 48-50 Power St (0.09 km away, completed in 2022 with 35 closed leases), The King East at 318 King St E (0.15 km away, completed in 2013 with 10 closed leases), and One32 at 132 Berkeley Street (0.17 km away, completed in 2013 with 1 active listing). Across this immediate competitive group, the overall benchmark metrics reflect an average monthly rent of $2,095 per month, an average lease rate of $4.20 per square foot, and an average suite size of 512 square feet. Built in 2020, the subject building occupies a middle tier in structural age, successfully balancing post-2020 construction standards with competitive per-square-foot pricing that positions it favourably against both the older 2013 inventory and the more recently registered 2022 completions in the downtown core.

48-50 Power St, Toronto

Avg Asking$2,671/mo
Avg $/SF$4.03
Rent Spread:
+$21/mo (+0.8%) Higher

52 Power Street, Toronto

Avg Asking$1,600/mo
Avg $/SF$4.00
Rent Spread:
-$1,050/mo (-39.6%) Lower

318 King St E, Toronto

Avg Asking$2,211/mo
Avg $/SF$3.96
Rent Spread:
-$439/mo (-16.6%) Lower
One32170 m

132 Berkeley Street, Toronto

Avg Asking$2,430/mo
Avg $/SF$4.76
Rent Spread:
-$220/mo (-8.3%) Lower

55 Ontario St, Toronto

Avg Asking$2,459/mo
Avg $/SF$4.46
Rent Spread:
-$191/mo (-7.2%) Lower

393 King St E, Toronto

Avg Asking$3,370/mo
Avg $/SF$3.66
Rent Spread:
+$720/mo (+27.2%) Higher

Comparable Analysis & Questions

How do rental rates at East United Condos compare to neighbouring buildings within Downtown East?

East United Condos achieves an average lease rent of $2,321 per month, tracking moderately against the overall competitive average of $2,095 per month across its primary Downtown East benchmark group. Individual performance varies by building age and suite sizing within the immediate 0.20-kilometer radius. At home. Power + Adelaide (48-50 Power St), 35 recent leases averaged $2,723 per month at $4.05 per square foot across an average of 688 square feet. The King East (318 King St E) recorded 10 recent leases averaging $2,203 per month at $4.11 per square foot across 561 square feet. Meanwhile, boutique and compact peers reported lower absolute monthly figures due to smaller footprints: Home on Power (52 Power Street) logged an average lease of $1,600 per month at $4.00 per square foot across 400 square feet, and One32 (132 Berkeley Street) recorded an average lease of $1,855 per month at $4.64 per square foot across 400 square feet.

Does East United Condos offer a competitive price-per-square-foot ($/SF) against local comparables?

East United Condos establishes its value proposition by offering an average leased rate of $4.20 per square foot across an average suite size of 571 square feet, aligning closely with the submarket average lease rate of $4.23 per square foot. Renters evaluating the building navigate distinct trade-offs depending on proximity to alternative properties. The subject building offers a more competitive rate per square foot than One32 (132 Berkeley Street), which commands $4.64 per square foot across a compact 400-square-foot footprint. Conversely, East United Condos trades at a modest premium of $4.20 per square foot compared to Home on Power at 52 Power Street ($4.00 per square foot across 400 square feet) and home. Power + Adelaide at 48-50 Power St ($4.05 per square foot across 688 square feet), while delivering larger average square footage than both properties to justify the scale.

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

East United Condos delivers an extensive lifestyle and wellness package that distinguishes it from surrounding mid-2010s and early-2020s peers in the Downtown East submarket. Highlighting its robust common-space inventory, the building features a 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, a Sauna & Steam Room, and a Rooftop Terrace with BBQ areas. When contrasted with nearby alternatives, East United matches or exceeds local amenities: while Home on Power (52 Power Street) and home. Power + Adelaide (48-50 Power St) include outdoor pools and pet wash stations alongside standard fitness spaces, and One32 (132 Berkeley Street) offers a shared laundry room and Zipcar parking, East United’s inclusion of specialized spaces like a Games & Billiards Room, a Media & Theatre Room, a Music Room, a Hobby Room, and a Wellness Zone provides functional diversity. This amenity collection serves urban professionals, fitness enthusiasts, and creatives seeking on-site recreational infrastructure without leaving the building.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around East United Condos.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Rooftop Terrace
  • BBQ Area
  • Party & Lounge Room
  • Games & Billiards Room
  • Media & Theatre Room
  • Meeting Room
  • Yoga Studio
  • Pet Wash Station
  • Sauna & Steam Room
  • Music Room
  • Hobby Room
  • Wellness Zone

Data Methodology & Analytical Standards

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

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.