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Market Data as of August 31, 2026

Studio One — Rental Market Data

121 Prescott Ave, Toronto, Ontario M6N 3G8
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom
1
$2,350

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed1998
Total Suites27
DeveloperNot Disclosed

Studio One stands at 121 Prescott Ave within the Junction neighborhood, offering 27 total suites built in 1998. The property records 1 active listing resulting in a 3.7 percent availability rate. Over the past 90 days, the building recorded 1 closed transaction with an average days on market of 16 days, while 30-day closed volume stood at 0 transactions with unrecorded days on market.

Current asking rents average $2,350 per month at $3.80 per square foot, tracking below realized 90-day leases which averaged $2,700 per month across 850 square feet. This variance reflects active inventory skewing toward smaller 619-square-foot suites rather than cheaper unit pricing, positioning the building's rate per square foot 3.6 percent below the submarket asking benchmark of $3.94 per square foot.

Marketing friction remains minimal given the active listing's 3-day duration on market, matching historical balanced conditions where past leases closed exactly at asking price without landlord concessions. Prospective tenants face highly restricted choice, as the building's inventory is entirely constrained to 1-Bedroom layouts with zero units available in other tiers.

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Active Rental Inventory & Asking Rates

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

Active Units1
0
Avg Asking Rent$2,350
-$150 (6.0%)
Avg Suite Size619 sf
0 sf
Avg Days on Market3d
-21d (87.5%)
Avg Asking $/SF$3.80
-$0.24 (6.0%)

Active Market Insights & Questions

How has rental availability changed at Studio One recently?

Studio One features 1 active listing as of August 31, 2026, with an asking rent range, average rent, and median rent per month all fixed at $2,350 per month. The available suite spans 619 square feet, yielding an asking rate of $3.80 per square foot. The active inventory share is entirely concentrated in 1-Bedroom floor plans, reflecting a compact entry-level suite configuration.

What floor plans and unit layouts are currently available at Studio One?

Studio One features 1-Bedroom units as its dominant active layout, accounting for 1 listing and a 100 percent inventory share. This single active tier averages $2,350 per month across 619 square feet at an asking rate of $3.80 per square foot. There are zero units currently available in any other bedroom tier.

What is the average asking rent and $/SF by suite size at Studio One?

Studio One maintains a minimum entry rent of $2,350 per month, peak asking rent of $2,350 per month, dollar spread of $0, and percentage spread of 0 percent across its sole active listing. The median asking rent matches this figure at $2,350 per month. The entry-level and peak suite is represented by a 1-Bedroom layout spanning 619 square feet priced at $3.80 per square foot.

How much extra do parking spaces and dens cost at Studio One?

Studio One has no active den premium data available, as the active den premium dollar amount and square footage delta are null. Den marginal square foot costs cannot be quantified due to identical or unrecorded layout deltas. Active parking premium data cannot be reliably isolated from current listings due to an insufficient sample.

How do asking rents at Studio One compare to local and municipal benchmarks?

Studio One asks an average rent of $2,350 per month at $3.80 per square foot, comparing against submarket asking benchmarks of $2,872 per month and $3.94 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, with the building's rate per square foot sitting 3.6 percent below the submarket asking benchmark while capturing 3.1 percent of submarket inventory.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$2,500
Avg Suite Size619 sf
Avg Days on Market52d
Delisted $/SF$4.04

De-Listed Market Analysis & Questions

How many listings de-listed at Studio One, and what was their re-listing price compared to previous asking?

At Studio One, a total of 1 unrented unit was delisted, representing a delisted-to-lifetime-leased ratio percentage of 100%. This single unrented listing consisted entirely of 1 terminated unit, with zero expired or suspended listings recorded. This equates to 1 listing pulled for every 1 successful lease executed in the building.

How do asking prices on de-listed suites compare to executed leases and active listings at Studio One?

At Studio One, unrented units asked an average of $2,500 per month, reflecting nominal parity against realized lease averages. Unrented listings commanded $4.04 per square foot compared to the realized lease average of $3.18 per square foot, demonstrating that prospective tenants rejected high density per-square-foot pricing on smaller floor plans.

What market friction causes rental listings to stall or de-list at Studio One?

At Studio One, delisted units averaged 52 days on market compared to 16 days on market for realized leases, resulting in an excess marketing duration of 36 days. This unrented vacancy carry translates into over a month of lost rental income plus ongoing condo maintenance fees incurred by landlords who miscalculated market demand.

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
Select layout to filter chart
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)
2026-06-02127008503.18N/A
2026-06-03127008503.181
2026-06-04127008503.182
2026-06-05127008503.183
2026-06-06127008503.184
2026-06-07127008503.185
2026-06-08127008503.186
2026-06-09127008503.187
2026-06-10127008503.188
2026-06-11127008503.189
2026-06-12127008503.1810
2026-06-13127008503.1811
2026-06-14127008503.1812
2026-06-15127008503.1813
2026-06-16127008503.1814
2026-06-17127008503.1815
2026-07-07125006194.04N/A
2026-07-08125006194.041
2026-07-09125006194.042
2026-07-10125006194.043
2026-07-11125006194.044
2026-07-12125006194.045
2026-07-13125006194.046
2026-07-14125006194.047
2026-07-15125006194.048
2026-07-16125006194.049
2026-07-17125006194.0410
2026-07-18125006194.0411
2026-07-19125006194.0412
2026-07-20125006194.0413
2026-07-21125006194.0414
2026-07-22125006194.0415
2026-07-23125006194.0416
2026-07-24125006194.0417
2026-07-25125006194.0418
2026-07-26125006194.0419
2026-07-27125006194.0420
2026-07-28125006194.0421
2026-07-29125006194.0422
2026-07-30125006194.0423
2026-07-31125006194.0424
2026-08-01125006194.0425
2026-08-02125006194.0426
2026-08-03125006194.0427
2026-08-04125006194.0428
2026-08-05125006194.0429
2026-08-06125006194.0430
2026-08-07125006194.0431
2026-08-08125006194.0432
2026-08-09125006194.0433
2026-08-10125006194.0434
2026-08-11125006194.0435
2026-08-12125006194.0436
2026-08-13125006194.0437
2026-08-14125006194.0438
2026-08-15125006194.0439
2026-08-16125006194.0440
2026-08-17125006194.0441
2026-08-18125006194.0442
2026-08-19125006194.0443
2026-08-20125006194.0444
2026-08-21125006194.0445
2026-08-22125006194.0446
2026-08-23125006194.0447
2026-08-24125006194.0448
2026-08-25125006194.0449
2026-08-26125006194.0450
2026-08-27125006194.0451
2026-08-28123506193.80N/A
2026-08-29123506193.801
2026-08-30123506193.802
2026-08-31123506193.803

12-Month Market Dynamics & Trend Trajectory

Studio One at 121 Prescott Ave has recorded a lifetime leasing volume of 1 closed transaction, achieving an average rent of $2,700 per month at $3.18 per square foot across an average suite size of 850 square feet and a lifetime days on market of 16 days. Tenant turnover in the building remains quiet within the Junction submarket. Pricing discipline at the property shows transactions settling entirely at asking price, leaving zero net negotiation spread or landlord premium. With active asking rents averaging $2,350 per month across smaller 619 square foot floor plans, current landlords are adjusting expectations below historical peak closed rates to capture active demand.

Loading inventory data…

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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Max 2 selected
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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)
2026-06-14127008503.1816

Nearby Building Rental Comparables & Price Spreads

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

Studio One at 121 Prescott Ave is evaluated alongside four active nearby competitors in the Junction submarket, featuring 1710 St Clair Avenue W (0.41 km away, completed in 2026 with 2 active listings), Scoop at 385 Osler St (0.52 km away, completed in 2020 with 1 active listing), Scout - Scoop 2 at 1787-1791 St Clair Ave W (0.56 km away, completed in 2023 with 2 active listings), and Reunion Crossing at 1808 St Clair Ave W (0.57 km away, completed in 2023 with 14 active listings). Built in 1998, Studio One represents an established residential generational cohort compared to newer mid-rise deliveries spanning 2020 to 2026. Across the micro-market, the competitive set posts an overall average lease rent of $2,134 per month at an average rate of $3.16 per square foot across an average suite size of 685 square feet. Studio One operates within this established rental corridor, balancing its mature construction vintage against newer developments through competitive spacing and functional square footage relative to the broader Junction submarket benchmarks.

1710 St Clair Avenue W, Toronto

Avg Asking$1,850/mo
Avg $/SF$2.85
Rent Spread:
-$500/mo (-21.3%) Lower
Scoop523 m

385 Osler St, Toronto

Avg Asking$1,950/mo
Avg $/SF$4.02
Rent Spread:
-$400/mo (-17.0%) Lower

1787-1791 St Clair Ave W, Toronto

Avg Asking$2,500/mo
Avg $/SF$3.86
Rent Spread:
+$150/mo (+6.4%) Higher

1808 St Clair Ave W, Toronto

Avg Asking$2,520/mo
Avg $/SF$3.54
Rent Spread:
+$170/mo (+7.2%) Higher

1787 St Clair Avenue W, Toronto

Avg Asking$2,365/mo
Avg $/SF$3.77
Rent Spread:
+$15/mo (+0.6%) Higher

1600 Keele St, York

Avg Asking$2,517/mo
Avg $/SF$3.49
Rent Spread:
+$167/mo (+7.1%) Higher

Comparable Analysis & Questions

How do rental rates at Studio One compare to neighbouring buildings within Junction?

Studio One averages $2,700 per month in realized lease revenue, positioning it above the overall comp average of $2,134 per month alongside benchmarks such as 1710 St Clair Avenue W, Scoop, Scout - Scoop 2, and Reunion Crossing. Individual competitor performance includes 1710 St Clair Avenue W at $1,775 per month ($2.73 per square foot across 650 square feet), Scoop at $1,800 per month ($3.27 per square foot across 550 square feet), Scout - Scoop 2 at $2,625 per month ($3.14 per square foot across 859 square feet), and Reunion Crossing at $2,335 per month ($3.51 per square foot across 679 square feet).

Does Studio One offer a competitive price-per-square-foot ($/SF) against local comparables?

Studio One delivers its units at a realized lease rate of $3.18 per square foot across an average of 850 square feet, establishing a competitive value profile against surrounding mid-rise alternatives and the submarket average lease rate of $3.71 per square foot. Renters evaluating Studio One versus newer alternatives trade off contemporary developer finishes and extensive modern building amenities for larger, more traditional room dimensions and lower overall density. For instance, while Reunion Crossing commands a higher rate of $3.51 per square foot across a more compact 679 square foot footprint, Studio One provides expanded interior layouts at a moderated rate per square foot.

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

Studio One offers a focused lifestyle profile centered on essential resident security, contrasting with the extensive multi-amenity packages found in newer nearby inventory. Signature building features at Studio One include concierge and security services, establishing a streamlined residential environment. By comparison, competitors like Scoop and Scout - Scoop 2 incorporate elaborate lifestyle spaces including fitness centres, party and lounge rooms, rooftop terraces, pet wash stations, and gardens. This amenity structure makes Studio One best suited for residents seeking straightforward, low-density urban living without the higher maintenance fees typically associated with complex multi-amenity condominium towers.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Studio One.

Building Amenities

  • Concierge & Security

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Studio One.

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.