Elements Condominiums — Rental Market Data

Elements Condominiums at 15 Kneeshaw Drive closed two leases in the trailing 30 days with an average DOM of 14, compared to a 90-day average DOM of 29 and a South Barrie submarket benchmark of 33 days. The 90-day window captured four total closings, matching the lifetime lease count of four, which means no additional transactions registered between the 30-day and 90-day marks. Leasing cadence accelerated sharply in the most recent month, with DOM compressing from 29 to 14 days, though the four-lease sample remains a limited directional indicator rather than a broad statistical benchmark.

Elements Condominiums closed leases at an average tenant discount of $13 per month (0.6% below asking), translating to $156 in annual savings per unit across tracked transactions. Twenty-five percent of the four recorded leases settled below the initial asking price, reflecting modest landlord concessions and measurable tenant negotiation leverage in the South Barrie market. The remaining 75% of leases closed at or very near asking, indicating that the discount was not universal but rather a targeted concession on a subset of units.

The 1-Bedroom layout dominates Elements Condominiums leasing activity with three of four closings (75% share), averaging $2,067 per month at 16 days on market. The 1-Bedroom tier shows a median of $2,050, a P25–P75 range of $2,050 to $2,075, an average suite size of 750 square feet, and a realized rate of $2.76 per square foot. This three-lease group is a small sample and should be treated as a directional reference only. The 1-Bedroom + Den layout recorded a single closed lease at $2,275 per month with 66 days on market, 950 square feet, and a rate of $2.39 per square foot. That figure represents an individual single transaction, not a broad statistical benchmark, and the elevated DOM reflects the premium pricing on the larger footprint.

Elements Condominiums does not have sufficient paired lease data to isolate a reliable parking premium per month. The platform flags parking as inconclusive due to insufficient paired observations, and no verified parking rate can be quoted from the four tracked leases. Active-listing parking data is similarly unreliable due to outlier or sample-size constraints, so no defensible parking surcharge figure exists for this building at this time.

Elements Condominiums shows a modest nominal rent decline from July to August 2026 while the rate per square foot actually increased, a pattern driven by suite mix rather than property devaluation. In July 2026, two leases closed at an average of $2,163 per month, $2.56 per square foot, and 43 days on market. In August 2026, two leases closed at an average of $2,075 per month, $2.77 per square foot, and 14 days on market. The lower nominal rent in August reflects compact suite footprints in the closing mix, not a price correction; the higher per-square-foot rate confirms tenants were paying a premium density price for smaller units.