Scarborough Fair I — Rental Market Data

Scarborough Fair I lists three active units as of August 31, 2026, with asking rents ranging from $2,700 to $2,800 per month, an average of $2,767, and a median of $2,800. The average suite measures 1,050 square feet at an asking rate of $2.64 per square foot, and all three listings are two-bedroom configurations representing 100 percent of current inventory. The active stock leans squarely toward mid-size two-bedroom layouts rather than compact entry-level one-bedrooms or larger multi-bedroom executive plans.

Two-bedroom suites account for all three active listings at Scarborough Fair I, representing 100 percent of available inventory. The tier averages $2,767 per month across 1,050 square feet at $2.64 per square foot, with a median asking rent of $2,800. No one-bedroom or three-bedroom units are currently on the market, making this a single-tier offering for prospective renters.

Scarborough Fair I's active asking rents span from $2,700 to $2,800 per month, a $100 spread representing 3.7 percent of the entry price. The median asking rent sits at $2,800 per month, anchoring the upper end of the range. The entry-level suite is a two-bedroom unit of 950 square feet asking $2.84 per square foot, while the peak listing is a two-bedroom unit of 1,100 square feet at $2.55 per square foot, reflecting a trade-off between compact footprint and premium rate density.

Den premiums at Scarborough Fair I cannot be reliably quantified from the current active sample, as no paired den versus no-den listings exist to isolate the marginal cost per square foot of additional den space. Active parking stall costs are similarly unconfirmed; the available data does not support a reliable premium figure, and no verified parking add-on can be quoted to prospective renters.

Scarborough Fair I's active asking average of $2,767 per month at $2.64 per square foot compares to the Scarborough West submarket asking benchmark of $2,692 per month and $3.12 per square foot. The building's nominal rent runs $75 above the submarket average, yet its per-square-foot rate is 15.4 percent below the submarket asking rate, a gap driven entirely by the 1,050-square-foot average suite size versus the smaller footprints typical of competing listings. The building holds three of the 25 active listings in the Scarborough West submarket, representing 12 percent of total available inventory.

Scarborough Fair I's average realized lease rent of $2,400 per month runs $77 above the four-comp benchmark of $2,323, placing the subject at the upper end of this immediate rental pocket. Against Scarborough Fair II (2550 Lawrence Ave E, 0.09 km, 1 closed lease, $2,300 average rent, $3.07 per square foot, 750 sq ft), the subject commands a $100-per-month higher rent. The 2150 Condos phases show a wider spread: Phase 1 (1328 Birchmount Rd, 1.69 km, 11 closed leases, $2,252 average rent, $3.21 per square foot, 725 sq ft) trades $148 below the subject; Phase 3 (2152 Lawrence Ave E, 1.70 km, 5 closed leases, $2,510 average rent, $3.09 per square foot, 829 sq ft) trades $110 above the subject; and Phase 2 (2150 Lawrence Ave E, 1.72 km, 20 closed leases, $2,228 average rent, $3.72 per square foot, 603 sq ft) trades $172 below the subject. All four competitors recorded at least one closed lease in the trailing 180 days, so each provides a realized pricing reference rather than a speculative listing figure.

Scarborough Fair I leases at $3.20 per square foot for an average 750-square-foot suite, sitting just below the comp benchmark of $3.27 per square foot and 727 square feet while offering a modestly larger interior footprint. Against Scarborough Fair II, the subject trades at a $0.13 per square foot (4.2%) premium while providing identical average square footage, meaning the higher rate reflects a genuine per-area value gap rather than a size difference. Versus 2150 Condos Phase 1, the subject trades at a $0.01 per square foot (0.3%) discount and provides 25 more interior square feet, a near-parity rate that rewards the slightly larger layout. Against Phase 3, the subject commands a $0.11 per square foot (3.6%) premium but provides 79 fewer interior square feet; the lower nominal rent of $110 is driven entirely by the smaller footprint, not a cheaper rate. The sharpest contrast appears with Phase 2, where the subject trades at a $0.52 per square foot (14.0%) discount yet provides 147 more interior square feet—here the $172 higher monthly rent is a pure function of the larger suite, not a higher per-area charge.

Scarborough Fair I offers an eight-item lifestyle package—concierge and security, gym and fitness centre, indoor pool, hot tub and jacuzzi, sauna and steam room, games and billiards room, party and lounge room, and a meeting room—that overlaps heavily with its peers but distinguishes itself through the sauna and steam room, a wellness feature absent from all four nearby competitors. The 2150 Condos phases each add rooftop terraces, outdoor BBQ areas, garden courtyards, and children's playgrounds that the subject does not provide, while Phase 2 uniquely includes a dining room and kitchen. Scarborough Fair II mirrors the subject's core indoor amenity set but extends it with a rooftop terrace and garden courtyard. The subject's package—anchored by the indoor aquatic suite, dedicated sauna and steam room, and a formal meeting room—serves professionals and couples who prioritize private wellness facilities, indoor recreation, and remote-work-ready meeting space over outdoor social amenities, making it a strong fit for cost-conscious renters who value a full-service indoor lifestyle without the premium attached to newer-build outdoor programming.