Market Data as of August 31, 2026
The Metro B — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
The Metro B at 139 Merton St in Toronto's North Midtown neighborhood is an established residential building completed in 2000 by Urbancorp, featuring 195 total suites with zero units currently available for rent. Recent leasing activity shows a brisk pace with 2 closed leases over the past 90 days maintaining an average of 20 days on the market, alongside 2 closed leases over the past 30 days also maintaining an average of 20 days on the market.
There are zero active listings available at the moment, meaning current asking rents and rates per square foot cannot be evaluated against historical leases. The building previously achieved an average realized lease rate of $3,000 per month and $3.90 per square foot across all-time transactions with an average suite size of 770 square feet, sitting below the submarket asking benchmark of $4.27 per square foot and the submarket leased benchmark of $4.19 per square foot.
Marketing friction remains minimal given the rapid 20-day leasing turnaround on recent volume, though tenant negotiations averaged a discount of $50 per month or 1.67% below asking across historical transactions. Zero active inventory means prospective tenants face complete availability scarcity across all layout tiers until new listings hit the market.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 The Metro B (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at The Metro B last month, and how fast did they rent?
At The Metro B, 30-day lease volume reached 2 transactions with an average days on market of 20 days, matching the 90-day benchmark of 2 deals and 20 days on market, which compares favorably against the North Midtown submarket benchmark of 24 days on market. Closed lease counts remained steady at 2 transactions across 30-day, 90-day, and 1-year trailing windows, indicating stable leasing turnover over the tracked period.
What is the negotiation spread between asking rents and closed lease prices at The Metro B?
At The Metro B, tenants secured an average discount of $50 per month, representing a 1.67% reduction below asking price and annual tenant savings of $600 per year. Exactly 50.0% of leases closed under asking, reflecting tenant-favorable leasing leverage where landlords made price concessions to secure occupancy.
What are typical executed lease prices across different layouts at The Metro B?
At The Metro B, the dominant 1-Bedroom anchor layout represented 100% of leasing volume with 2 closed deals, an average monthly rent of $3,000 per month, a median rent of $3,000 per month, a P25-P75 range of $2,950 to $3,050 per month, an average size of 770 square feet, a rate of $3.90 per square foot, and an average days on market of 20 days. (Note that this represents a limited sample size rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at The Metro B?
At The Metro B, parking premium data is inconclusive due to insufficient paired lease records. Suite bundling patterns could not be isolated for separate line-item values against active asking rates.
How does the lease-to-listing ratio at The Metro B reflect current tenant demand?
At The Metro B, monthly rent held steady at an average of $3,000 per month across the tracked timeline. August 2026 recorded 2 closed deals at an average of $3,000 per month, $3.90 per square foot, and 20 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 1 | 3000 | 790 | 3.80 | 139 |
| 2026-04-28 | 1 | 3000 | 790 | 3.80 | 140 |
| 2026-04-29 | 1 | 3000 | 790 | 3.80 | 141 |
| 2026-04-30 | 1 | 3000 | 790 | 3.80 | 142 |
| 2026-05-01 | 1 | 3000 | 790 | 3.80 | 143 |
| 2026-05-02 | 1 | 3000 | 790 | 3.80 | 144 |
| 2026-05-03 | 1 | 3000 | 790 | 3.80 | 145 |
| 2026-05-04 | 1 | 3000 | 790 | 3.80 | 146 |
| 2026-05-05 | 1 | 3000 | 790 | 3.80 | 147 |
| 2026-05-06 | 1 | 3000 | 790 | 3.80 | 148 |
| 2026-05-07 | 1 | 3000 | 790 | 3.80 | 149 |
| 2026-05-08 | 1 | 3000 | 790 | 3.80 | 150 |
| 2026-05-09 | 1 | 3000 | 790 | 3.80 | 151 |
| 2026-05-10 | 1 | 3000 | 790 | 3.80 | 152 |
| 2026-05-11 | 1 | 3000 | 790 | 3.80 | 153 |
| 2026-05-12 | 1 | 3000 | 790 | 3.80 | 154 |
| 2026-05-13 | 1 | 3000 | 790 | 3.80 | 155 |
| 2026-05-14 | 1 | 3000 | 790 | 3.80 | 156 |
| 2026-05-15 | 1 | 3000 | 790 | 3.80 | 157 |
| 2026-05-16 | 1 | 3000 | 790 | 3.80 | 158 |
| 2026-05-17 | 1 | 3000 | 790 | 3.80 | 159 |
| 2026-05-18 | 1 | 3000 | 790 | 3.80 | 160 |
| 2026-05-19 | 1 | 3000 | 790 | 3.80 | 161 |
| 2026-05-20 | 1 | 3000 | 790 | 3.80 | 162 |
| 2026-05-21 | 1 | 3000 | 790 | 3.80 | 163 |
| 2026-05-22 | 1 | 3000 | 790 | 3.80 | 164 |
| 2026-05-23 | 1 | 3000 | 790 | 3.80 | 165 |
| 2026-05-24 | 1 | 3000 | 790 | 3.80 | 166 |
| 2026-05-25 | 1 | 3000 | 790 | 3.80 | 167 |
| 2026-05-26 | 1 | 3000 | 790 | 3.80 | 168 |
| 2026-05-27 | 1 | 3000 | 790 | 3.80 | 169 |
| 2026-05-28 | 1 | 3000 | 790 | 3.80 | 170 |
| 2026-05-29 | 1 | 3000 | 790 | 3.80 | 171 |
| 2026-05-30 | 1 | 3000 | 790 | 3.80 | 172 |
| 2026-07-28 | 1 | 3100 | 750 | 4.13 | N/A |
| 2026-07-29 | 2 | 3050 | 770 | 3.97 | 1 |
| 2026-07-30 | 2 | 3050 | 770 | 3.97 | 2 |
| 2026-07-31 | 2 | 3050 | 770 | 3.97 | 3 |
| 2026-08-01 | 2 | 3050 | 770 | 3.97 | 4 |
| 2026-08-02 | 2 | 3050 | 770 | 3.97 | 5 |
| 2026-08-03 | 1 | 3000 | 790 | 3.80 | 5 |
| 2026-08-04 | 1 | 3000 | 790 | 3.80 | 6 |
| 2026-08-05 | 1 | 3000 | 790 | 3.80 | 7 |
| 2026-08-06 | 1 | 3000 | 790 | 3.80 | 8 |
| 2026-08-07 | 1 | 3000 | 790 | 3.80 | 9 |
| 2026-08-08 | 1 | 3000 | 790 | 3.80 | 10 |
| 2026-08-09 | 1 | 3000 | 790 | 3.80 | 11 |
| 2026-08-10 | 1 | 3000 | 790 | 3.80 | 12 |
| 2026-08-11 | 1 | 3000 | 790 | 3.80 | 13 |
| 2026-08-12 | 1 | 3000 | 790 | 3.80 | 14 |
| 2026-08-13 | 1 | 3000 | 790 | 3.80 | 15 |
| 2026-08-14 | 1 | 3000 | 790 | 3.80 | 16 |
| 2026-08-15 | 1 | 3000 | 790 | 3.80 | 17 |
| 2026-08-16 | 1 | 3000 | 790 | 3.80 | 18 |
| 2026-08-17 | 1 | 3000 | 790 | 3.80 | 19 |
| 2026-08-18 | 1 | 3000 | 790 | 3.80 | 20 |
| 2026-08-19 | 1 | 3000 | 790 | 3.80 | 21 |
| 2026-08-20 | 1 | 3000 | 790 | 3.80 | 22 |
| 2026-08-21 | 1 | 3000 | 790 | 3.80 | 23 |
| 2026-08-22 | 1 | 3000 | 790 | 3.80 | 24 |
| 2026-08-23 | 1 | 3000 | 790 | 3.80 | 25 |
| 2026-08-24 | 1 | 3000 | 790 | 3.80 | 26 |
| 2026-08-25 | 1 | 3000 | 790 | 3.80 | 27 |
| 2026-08-26 | 1 | 3000 | 790 | 3.80 | 28 |
| 2026-08-27 | 1 | 3000 | 790 | 3.80 | 29 |
| 2026-08-28 | 1 | 3000 | 790 | 3.80 | 30 |
| 2026-08-29 | 1 | 3000 | 790 | 3.80 | 31 |
| 2026-08-30 | 1 | 3000 | 790 | 3.80 | 32 |
12-Month Market Dynamics & Trend Trajectory
The Metro B at 139 Merton St has recorded a lifetime leasing volume of 2 transactions, achieving an average monthly rent of $3,000 per month at $3.90 per square foot across an average suite size of 770 square feet. Average days on market sits at 20 days, pointing to steady tenant turnover within the North Midtown submarket. Pricing discipline at the building shows a tenant-favorable leasing environment where 50.0% of transactions closed below asking price. Tenants achieved an average monthly discount of $50 per month, or 1.67% off asking, realizing $600 in annual tenant savings as landlords accommodated price negotiations.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-08-02 | 1 | 3100 | 750 | 4.13 | 6 |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 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 | 1 | 2900 | 790 | 3.67 | 33 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
The competitive set for The Metro B at 139 Merton St includes four direct rival buildings located within 0.14 kilometers, featuring completion years spanning from 1996 to 2004 and active listing counts currently at zero across all comps. Immediate neighbors comprise The Metro A at 119 Merton St (0.03 km away, completed in 2000, 2 active listings), Greenwich Terrace at 111 Merton St (0.09 km away, completed in 1996, 0 active listings), The Rio IV at 195 Merton St (0.12 km away, completed in 2004, 1 active listing), and The Rio III at 225 Merton St (0.14 km away, completed in 2003, 0 active listings). These properties share a cohesive mid-rise architectural era from the late 1990s and early 2000s, forming a tight, established pocket within the North Midtown rental market. Within this micro-market, overall comparable benchmarks average $2,413 per month at $3.71 per square foot across an average suite size of 650 square feet. The Metro B positions itself above this baseline with an average lease rate of $3,000 per month at $3.90 per square foot across 770 square feet, reflecting its larger average suite footprints and stable performance within the North Midtown submarket.
Comparable Analysis & Questions
How do rental rates at The Metro B compare to neighbouring buildings within North Midtown?
The Metro B achieves an average lease rent of $3,000 per month, trading above the overall comparable average of $2,413 per month among benchmark properties including The Metro A, Greenwich Terrace, The Rio IV, and The Rio III. Individual competitor metrics show The Metro A at 119 Merton St reporting an average lease rent of $2,525 per month at $3.88 per square foot across an average of 650 square feet. The Rio IV at 195 Merton St records an average lease rent of $2,300 per month at $3.54 per square foot across 650 square feet. Greenwich Terrace at 111 Merton St and The Rio III at 225 Merton St currently report no closed leases within the past 180 days, leaving specific rental figures unavailable.
Does The Metro B offer a competitive price-per-square-foot ($/SF) against local comparables?
The Metro B establishes its value proposition through larger suite footprints averaging 770 square feet leased at $3.90 per square foot, offering renters more expansive layouts compared to surrounding benchmark alternatives. Renters evaluate trade-offs between generous floor plans and modern finishes at The Metro B versus smaller, more compact footprints found in neighboring buildings like The Metro A at 650 square feet and $3.88 per square foot, or The Rio IV at 650 square feet and $3.54 per square foot. While submarket averages sit at $2,612 per month and $4.19 per square foot, The Metro B delivers competitive per-square-foot efficiency for tenants seeking larger living spaces in North Midtown.
How do building age, amenities, and developer reputation impact rent spreads?
The Metro B delivers a robust suite of building amenities tailored for established renters seeking a balanced, community-oriented lifestyle in North Midtown. Signature amenities at The Metro B include a Concierge & Security service, a Gym & Fitness Centre, a Party & Lounge Room, a Meeting Room, a Games & Billiards Room, a Library & Reading Room, a Car Wash Bay, and a Garden & Courtyard. When compared to nearby competitors, The Metro B shares core security and social spaces with The Metro A, which uniquely features a Pet Wash Station and BBQ area, but lacks the specialized recreational facilities found at The Rio IV, such as its Hot Tub & Jacuzzi, Sauna & Steam Room, and Tennis & Pickleball Court. Similarly, Greenwich Terrace offers a rooftop terrace and dining room, while The Rio III includes alternative wellness spaces like a sauna and hot tub. These offerings make The Metro B exceptionally well-suited for professionals and mature renters who prioritize reliable security, on-site fitness, and functional vehicle care over resort-style wellness features.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around The Metro B.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- Library & Reading Room
- Car Wash Bay
- Garden & Courtyard
Residential Buildings in the Vicinity
- The Metro A26 m
- Greenwich Terrace92 m
- The Rio IV116 m
- The Rio III137 m
- Le Corbu154 m
- Life155 m
- The Rio I232 m
- The Rio II268 m
- The Radius274 m
- MYC - Merton Yonge Condos298 m
- The Hampton332 m
- The Phoenix372 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Metro B.
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.