Market Data as of August 31, 2026
Abbey Oaks I - Building 2 — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Abbey Oaks I - Building 2 at 1450 Bishops Gate in the Oakville North neighborhood of Oakville is an established residential building completed in 2003 by Sutherland Development, offering a total suite count of 56 units. The building currently features 1 active listing, representing an availability rate of 1.8 percent. Over the past 90 days, the building recorded 1 closed lease with an average days on market of 5 days, matching the 30-day closed count of 1 lease and its average days on market of 5 days.
Current active asking rent sits at $3,100 per month with an average rate of $2.62 per square foot across an average of 1,184 square feet, compared to realized 90-day leases averaging $2,400 per month at $2.52 per square foot across 852 square feet, with the higher monthly outlay for current listings driven by larger suite sizing rather than an increase in unit pricing. Active asking rates per square foot trail the broader submarket asking benchmark of $3.62 per square foot by 27.6 percent.
Marketing friction remains minimal as closed units average 5 days on the market with 50.0 percent of leases closing under asking by an average discount of $25 per month or 1.02 percent below asking, saving tenants $300 per year in tenant-favorable conditions, while inventory availability is currently restricted to 2-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 Abbey Oaks I - Building 2 as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Abbey Oaks I - Building 2 recently?
Abbey Oaks I - Building 2 features 1 active listing as of August 31, 2026, with a price range, average rent, and median rent per month all set at $3,100 per month. The available unit spans an average of 1,184 square feet with an asking rate of $2.62 per square foot, and the 100.0 percent dominant inventory share leans entirely toward multi-bedroom executive layouts rather than compact entry-level suites.
What floor plans and unit layouts are currently available at Abbey Oaks I - Building 2?
The dominant active layout at Abbey Oaks I - Building 2 is the 2-Bedroom tier, representing 1 listing and a 100 percent inventory share. This single available 2-bedroom configuration commands an average rent of $3,100 per month across an average of 1,184 square feet, pricing out at $2.62 per square foot. Zero units are currently available across all other bedroom tiers.
What is the average asking rent and $/SF by suite size at Abbey Oaks I - Building 2?
Abbey Oaks I - Building 2 exhibits a minimum entry rent and peak asking rent of $3,100 per month, resulting in a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent stands at $3,100 per month, anchored by the entry-level 2-Bedroom suite offering 1,184 square feet at $2.62 per square foot. The peak asking suite matches these exact metrics as the sole active listing in the building.
How much extra do parking spaces and dens cost at Abbey Oaks I - Building 2?
Active den premium data for Abbey Oaks I - Building 2 cannot be isolated as den metrics are unquantified. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, so parking stall costs remain inconclusive without any invented luxury pricing.
How do asking rents at Abbey Oaks I - Building 2 compare to local and municipal benchmarks?
Abbey Oaks I - Building 2 asks an average of $3,100 per month at $2.62 per square foot, compared to the Oakville North submarket average asking rent of $2,581 per month and submarket asking benchmark of $3.62 per square foot. The building's lower nominal rent variance is driven by suite sizing, and the active asking rate per square foot tracks 27.6 percent below the submarket asking benchmark while representing a 1.2 percent share of the 81 total active submarket listings.
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 Abbey Oaks I - Building 2 (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Abbey Oaks I - Building 2 last month, and how fast did they rent?
Abbey Oaks I - Building 2 recorded 1 lease in the 30-day window with an average days on market of 5 days, matching the 90-day window of 1 lease at 5 days, while the submarket benchmark averaged 24 days on market. The trailing 30-day and 90-day windows each captured 1 closed transaction, matching the 1-year total of 2 closed leases. This stable turnover velocity illustrates consistent leasing activity despite a limited overall transaction volume.
What is the negotiation spread between asking rents and closed lease prices at Abbey Oaks I - Building 2?
Abbey Oaks I - Building 2 realized a net tenant discount of $25 per month, representing a 1.02% decrease below asking and delivering $300 in annual tenant savings. Exactly 50% of leases closed under asking price, highlighting mild tenant leverage and landlord concessions during lease finalization.
What are typical executed lease prices across different layouts at Abbey Oaks I - Building 2?
Abbey Oaks I - Building 2 features 1-Bedroom and 2-Bedroom configurations as its primary anchor layouts. The 1-Bedroom tier represents an individual single transaction with 1 closed lease averaging $2,400 per month, a median rent of $2,400 per month, a P25-P75 range of $2,400 to $2,400 per month, an average square footage of 750 square feet, a rate of $3.20 per square foot, and 45 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 2-Bedroom tier represents an individual single transaction with 1 closed lease averaging $2,400 per month, a median rent of $2,400 per month, a P25-P75 range of $2,400 to $2,400 per month, an average square footage of 953 square feet, a rate of $2.52 per square foot, and 5 days on market (note that this represents an individual deal rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Abbey Oaks I - Building 2?
Abbey Oaks I - Building 2 maintains insufficient paired data to isolate a distinct realized parking premium. Parking stalls were bundled into suite agreements without separate line-item values, and active asking figures lack reliable standalone samples.
How does the lease-to-listing ratio at Abbey Oaks I - Building 2 reflect current tenant demand?
Abbey Oaks I - Building 2 exhibited stable rent pricing across its tracked monthly timeline alongside shifting absorption speeds. April 2026 recorded 1 closed deal averaging $2,400 per month at $3.20 per square foot with 45 days on market. August 2026 recorded 1 closed deal averaging $2,400 per month at $2.52 per square foot with 5 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-08-07 | 1 | 2400 | 953 | 2.52 | N/A |
| 2026-08-08 | 1 | 2400 | 953 | 2.52 | 1 |
| 2026-08-09 | 1 | 2400 | 953 | 2.52 | 2 |
| 2026-08-10 | 1 | 2400 | 953 | 2.52 | 3 |
| 2026-08-11 | 1 | 2400 | 953 | 2.52 | 4 |
| 2026-08-24 | 1 | 3100 | 1184 | 2.62 | N/A |
| 2026-08-25 | 1 | 3100 | 1184 | 2.62 | 1 |
| 2026-08-26 | 1 | 3100 | 1184 | 2.62 | 2 |
| 2026-08-27 | 1 | 3100 | 1184 | 2.62 | 3 |
| 2026-08-28 | 1 | 3100 | 1184 | 2.62 | 4 |
| 2026-08-29 | 1 | 3100 | 1184 | 2.62 | 5 |
| 2026-08-30 | 1 | 3100 | 1184 | 2.62 | 6 |
| 2026-08-31 | 1 | 3100 | 1184 | 2.62 | 7 |
12-Month Market Dynamics & Trend Trajectory
Abbey Oaks I - Building 2 has logged a lifetime volume of 2 closed leases averaging $2,400 per month at $2.86 per square foot across an average suite size of 852 square feet. Lifetime days on market average 25 days, reflecting steady tenant turnover across the property's operational history. Transaction pricing demonstrates moderate tenant negotiation leverage, with 50% of leases closing below asking price. Tenants secured an average monthly discount of $25 or 1.02% below initial listing rates, yielding $300 in annual tenant savings and reflecting landlord concessions in a competitive submarket.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-08-09 | 1 | 2400 | 953 | 2.52 | 5 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Abbey Oaks I - Building 2 (1450 Bishops Gate) competes directly within an established Oakville North micro-market featuring similar mid-rise residential properties built between 2003 and 2004, including Abbey Oaks I - Building 1 at 1440 Bishops Gate (0.06 km away, completed in 2003 with 0 active listings), Abbey Oaks II - Building 3 at 1470 Bishops Gate (0.09 km away, completed in 2004 with 3 active leases), Abbey Oaks II - Building 6 at 1460 Bishops Gate (0.13 km away, completed in 2004 with 2 active leases), and Abbey Oaks III - Building 4 at 1490 Bishops Gate (0.17 km away, completed in 2004 with 2 active leases). These properties share a cohesive architectural generation, offering uniform mid-rise residential densities and mature site layouts across the immediate node. Across this four-building competitive set, the overall benchmark metrics register an average lease rent of $2,387 per month at $2.96 per square foot across an average suite size of 811 square feet. Abbey Oaks I - Building 2 positions itself effectively within this cohort, capturing a stabilized profile that reflects its 2003 construction era while offering competitive square footage and value relative to neighboring blocks.
Comparable Analysis & Questions
How do rental rates at Abbey Oaks I - Building 2 compare to neighbouring buildings within Oakville North?
Abbey Oaks I - Building 2 achieves an all-time average lease rent of $2,400 per month, aligning closely with the overall competitive benchmark average of $2,387 per month across nearby properties like Abbey Oaks II - Building 3 and Abbey Oaks II - Building 6. Individual competitor performance varies across the immediate node: Abbey Oaks II - Building 3 (1470 Bishops Gate) recorded an average lease rent of $2,565 per month at $2.78 per square foot across 933 square feet; Abbey Oaks II - Building 6 (1460 Bishops Gate) closed leases averaging $2,495 per month at $3.11 per square foot across 800 square feet; Abbey Oaks III - Building 4 (1490 Bishops Gate) posted an average lease rent of $2,100 per month at $3.00 per square foot across 700 square feet; and Abbey Oaks I - Building 1 (1440 Bishops Gate) currently has no closed leases reported over the past 180 days.
Does Abbey Oaks I - Building 2 offer a competitive price-per-square-foot ($/SF) against local comparables?
Abbey Oaks I - Building 2 establishes its value proposition by offering an average leased rate of $2.86 per square foot across an average of 852 square feet, positioning it at a notable discount compared to the wider Oakville North submarket asking average of $3.62 per square foot. When evaluated against direct neighbors, the subject building trades at a $0.08 per square foot premium over Abbey Oaks II - Building 3 (which averages $2.78 per square foot across 933 square feet), while offering a more competitive rate per square foot than Abbey Oaks II - Building 6 at $3.11 per square foot across 800 square feet and Abbey Oaks III - Building 4 at $3.00 per square foot across 700 square feet. Renters evaluating these options trade the mature, functional layouts of this 2003-built property against smaller, higher-priced footprints nearby, securing more generous spatial dimensions without paying peak submarket square foot rates.
How do building age, amenities, and developer reputation impact rent spreads?
Abbey Oaks I - Building 2 delivers a robust amenity package featuring a gym and fitness centre, party and lounge room, sauna and steam room, car wash bay, games and billiards room, media and theatre room, concierge and security, and a pet wash station. This offering compares favorably against nearby competitors in the Abbey Oaks complex: Abbey Oaks I - Building 1 (1440 Bishops Gate) includes a concierge and security, car wash bay, gym and fitness centre, sauna and steam room, party and lounge room, meeting room, media and theatre room, games and billiards room, BBQ area, and garden and courtyard; Abbey Oaks II - Building 3 (1470 Bishops Gate) provides a gym and fitness centre, party and lounge room, sauna and steam room, car wash bay, and concierge and security; Abbey Oaks II - Building 6 (1460 Bishops Gate) adds a yoga studio, BBQ area, and garden and courtyard to standard fitness and lounge spaces; and Abbey Oaks III - Building 4 (1490 Bishops Gate) features a gym and fitness centre, party and lounge room, sauna and steam room, meeting room, games and billiards room, and concierge and security. These comprehensive shared facilities make the building particularly attractive to pet owners, fitness enthusiasts, and residents seeking active shared spaces.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Abbey Oaks I - Building 2.
Building Amenities
- Gym & Fitness Centre
- Party & Lounge Room
- Sauna & Steam Room
- Car Wash Bay
- Games & Billiards Room
- Media & Theatre Room
- Concierge & Security
- Pet Wash Station
Residential Buildings in the Vicinity
- Abbey Oaks I - Building 163 m
- Abbey Oaks II - Building 385 m
- Abbey Oaks II - Building 6132 m
- Abbey Oaks III - Building 4168 m
- Abbey Oaks III - Building 5190 m
- Glen Abbey Village493 m
- Arboretum at Glen Abbey800 m
- The Arboretum I857 m
- Nottinghill Gate878 m
- The Arboretum II905 m
- 1498 Pilgrims Way1.0 km
- The Balmoral1.7 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Abbey Oaks I - Building 2.
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.