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Market Data as of August 31, 2026

Aqualina at Bayside Toronto — Rental Market Data

15 Merchants' Wharf, Toronto, Ontario M5A 0N8
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom
1
$2,400

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2018
Total Suites362
DeveloperTridel & Hines

Aqualina at Bayside Toronto, situated at 15 Merchants' Wharf in the East Bayfront neighborhood, is an established 362-suite residential development completed in 2018 by developers Tridel and Hines. Current active inventory consists of 1 active listing, representing a 0.3 percent availability rate alongside a robust leasing pace characterized by 1 lease closing over the past 30 days with an average of 11 days on market, and 7 leases closing over the past 90 days with an average of 8 days on market.

Active asking rent sits at $2,400 per month at $4.38 per square foot for a 548 square foot layout, compared to realized 90-day leases averaging $2,877 per month at $4.20 per square foot across a historical average of 647 square feet. Current listings present a more compact footprint than historical leases, while the active asking rate of $4.38 per square foot trades below the East Bayfront submarket asking benchmark of $4.65 per square foot.

Marketing friction remains minimal, evidenced by zero delisted units and a landlord-favorable negotiation environment where historical leases secured a 0.15 percent premium above asking. Prospective tenants face highly constrained inventory, with only 1-Bedroom layouts currently available for selection and zero active listings across multi-bedroom tiers.

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Active Rental Inventory & Asking Rates

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

Active Units1
0
Avg Asking Rent$2,400
$0
Avg Suite Size548 sf
0 sf
Avg Days on Market69d
+31d (81.6%)
Avg Asking $/SF$4.38
$0.00

Active Market Insights & Questions

How has rental availability changed at Aqualina at Bayside Toronto recently?

Aqualina at Bayside Toronto has 1 active listing as of August 31, 2026, with an asking price of $2,400 per month. The active listing spans 548 square feet at an asking rate of $4.38 per square foot, consisting entirely of 1-Bedroom layouts that represent 100 percent of current inventory, reflecting a heavy tilt toward compact entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto features 1-Bedroom suites as the dominant active layout, with 1 listing representing 100 percent of total active inventory. The available 1-Bedroom tier commands an average rent of $2,400 per month across an average size of 548 square feet, priced at $4.38 per square foot. There are zero units currently available across all other bedroom tiers.

What is the average asking rent and $/SF by suite size at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto lists a minimum entry rent of $2,400 per month and a peak asking rent of $2,400 per month, yielding a dollar spread of $0 and a percentage spread of 0 percent. Median asking rent stands at $2,400 per month, anchored by the single active 1-Bedroom suite spanning 548 square feet at $4.38 per square foot, which serves as both the entry-level and peak offering.

How much extra do parking spaces and dens cost at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto features active den premium data that cannot be reliably isolated due to an insufficient sample. Active parking premiums also cannot be reliably isolated from current listings due to an insufficient sample, though historical leases have verified parking premiums averaging $158 per month.

How do asking rents at Aqualina at Bayside Toronto compare to local and municipal benchmarks?

Aqualina at Bayside Toronto asks an average rent of $2,400 per month at $4.38 per square foot, trading below the East Bayfront submarket asking rent benchmark of $3,234 per month and submarket asking rate of $4.65 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot sitting 5.8 percent below the submarket asking benchmark while accounting for 1.4 percent of submarket active inventory.

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 Aqualina at Bayside Toronto (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,450
Avg Leased Size647 sf
Avg Days to Lease11d
Leased $/SF$4.45

Leased Transaction Insights & Questions

How many suites were leased at Aqualina at Bayside Toronto last month, and how fast did they rent?

Aqualina at Bayside Toronto recorded 1 leasing transaction over the trailing 30-day period with an average days on market of 11 days, compared to 7 closed leases over the trailing 90-day period averaging 8 days on market, comfortably outpacing the East Bayfront submarket benchmark average of 24 days on market. Tracking 14 total closed leases over the past year, leasing turnover held steady through the summer months.

What is the negotiation spread between asking rents and closed lease prices at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto achieved a landlord-favorable net negotiation outcome, with leases closing at an average premium of $3 per month or 0.15% above asking, generating $36 per year in additional landlord rental revenue.

What are typical executed lease prices across different layouts at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto is anchored by 1-Bedroom and 1-Bedroom + Den layouts, which recorded 6 closed leases averaging $2,465 per month with a median of $2,410 per month, a P25-P75 range of $2,400 to $2,442 per month, an average size of 568 square feet, $4.35 per square foot, and an average of 8 days on market, and 5 closed leases averaging $2,790 per month with a median of $2,800 per month, a P25-P75 range of $2,800 to $2,800 per month, an average size of 602 square feet, $4.80 per square foot, and an average of 8 days on market, respectively. Representing a limited sample size, 2-Bedroom suites averaged $3,300 per month with a median of $3,300 per month, a P25-P75 range of $3,200 to $3,400 per month, an average size of 830 square feet, $4.01 per square foot, and 7 days on market. Representing an individual single deal rather than a broad statistical benchmark, the 1 closed 2-Bedroom + Den lease achieved $3,800 per month with a median of $3,800 per month, a P25-P75 range of $3,800 to $3,800 per month, an average size of 983 square feet, $3.87 per square foot, and 7 days on market.

What measurable rent premium did suites with parking achieve in closed leases at Aqualina at Bayside Toronto?

Aqualina at Bayside Toronto realized a verified parking premium of $158 per month across suites where parking was separately itemized. Active asking parking rates remain inconclusive due to an insufficient paired sample size, meaning parking premiums could not be reliably isolated for current unrented inventory.

How does the lease-to-listing ratio at Aqualina at Bayside Toronto reflect current tenant demand?

Aqualina at Bayside Toronto experienced moderate rent fluctuations across the tracked monthly timeline as leasing activity peaked during the spring. May 2026 recorded 7 closed deals averaging $2,714 per month at $4.65 per square foot with 7 days on market. June 2026 recorded 2 closed deals averaging $3,100 per month at $4.11 per square foot with 10 days on market. July 2026 recorded 4 closed deals averaging $2,873 per month at $4.18 per square foot with 7 days on market. August 2026 recorded 1 closed deal averaging $2,450 per month at $4.45 per square foot with 11 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.

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)
2026-04-27227886554.2620
2026-04-28227886554.2621
2026-04-29527755994.829
2026-04-30527755994.8210
2026-05-01527755994.8211
2026-05-02426945674.9514
2026-05-03326586234.2719
2026-05-04226256054.3424
2026-05-05226256054.3425
2026-05-06226256054.3426
2026-05-07226256054.3427
2026-05-08226256054.3428
2026-05-09226256054.3429
2026-05-10124005594.2911
2026-05-11226006054.306
2026-05-12128006504.311
2026-05-13128006504.312
2026-05-14226006004.342
2026-05-15226006004.343
2026-05-16226006004.344
2026-05-17226006004.345
2026-05-18226006004.346
2026-05-19128006504.318
2026-05-20128006504.319
2026-05-22128006504.31N/A
2026-05-23128006504.311
2026-05-24128006504.312
2026-06-13124005504.36N/A
2026-06-14124005504.361
2026-06-15124005504.362
2026-06-16124005504.363
2026-06-17124005504.364
2026-06-18124005504.365
2026-06-19124005504.366
2026-06-20124005504.367
2026-06-21124005504.368
2026-06-22124005504.369
2026-06-23328676944.203
2026-06-24328676944.204
2026-06-25231007664.122
2026-06-26231007664.123
2026-06-27231007664.124
2026-06-28231007664.125
2026-06-29328506944.174
2026-06-30223755494.334
2026-07-01223755494.335
2026-07-02223755494.336
2026-07-03124005484.3810
2026-07-04124005484.3811
2026-07-05124005484.3812
2026-07-06124005484.3813
2026-07-07124005484.3814
2026-07-08124005484.3815
2026-07-09124005484.3816
2026-07-10225605984.299
2026-07-11225605984.2910
2026-07-12326576154.327
2026-07-13226255994.3811
2026-07-14226255994.3812
2026-07-15226255994.3813
2026-07-16226255994.3814
2026-07-17329177114.1710
2026-07-18329177114.1711
2026-07-19329177114.1712
2026-07-20329177114.1713
2026-07-21229507424.0616
2026-07-22229507424.0617
2026-07-23229507424.0618
2026-07-24229507424.0619
2026-07-25229507424.0620
2026-07-26229507424.0621
2026-07-27229507424.0622
2026-07-28124005484.3835
2026-07-29124005484.3836
2026-07-30124005484.3837
2026-07-31124005484.3838
2026-08-01124005484.3839
2026-08-02124005484.3840
2026-08-03124005484.3841
2026-08-04124005484.3842
2026-08-05124005484.3843
2026-08-06124005484.3844
2026-08-07124005484.3845
2026-08-08124005484.3846
2026-08-09124005484.3847
2026-08-10124005484.3848
2026-08-11124005484.3849
2026-08-12124005484.3850
2026-08-13124005484.3851
2026-08-14124005484.3852
2026-08-15124005484.3853
2026-08-16124005484.3854
2026-08-17224255494.4228
2026-08-18224255494.4229
2026-08-19224255494.4230
2026-08-20224255494.4231
2026-08-21224255494.4232
2026-08-22224255494.4233
2026-08-23224255494.4234
2026-08-24224255494.4235
2026-08-25224255494.4236
2026-08-26224255494.4237
2026-08-27224255494.4238
2026-08-28124005484.3866
2026-08-29124005484.3867
2026-08-30124005484.3868
2026-08-31124005484.3869

12-Month Market Dynamics & Trend Trajectory

Aqualina at Bayside Toronto has established a solid leasing history with 14 total lifetime transactions averaging $2,796 per month at $4.43 per square foot across an average suite size of 647 square feet. Tenant turnover remains efficient with a lifetime average days on market of 8 days, reflecting strong appeal within the East Bayfront submarket. Pricing discipline at the property heavily favors ownership, as landlords successfully captured an average premium of $3 per month above asking. Zero inventory was pulled or delisted, underscoring stable landlord pricing power and consistent tenant demand across all floor plan tiers.

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
Chart metrics & timeframe
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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)
2026-04-26131007254.283
2026-05-03227505305.508
2026-05-10124005594.2913
2026-05-17226006004.348
2026-05-24128006504.313
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-21124005504.3612
2026-06-28231107674.136
2026-07-050N/AN/AN/AN/A
2026-07-12127206474.203
2026-07-19128506504.389
2026-07-26135009353.7411
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-160N/AN/AN/AN/A
2026-08-23124505504.4511

Nearby Building Rental Comparables & Price Spreads

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

Aqualina at Bayside Toronto competes within a tight cluster of modern waterfront residential properties, including Aquavista at Bayside located 0.06 kilometers away (completed in 2020 with 13 active leases), Monde located 0.1 kilometers away (completed in 2019 with 25 active leases), Aquabella at Bayside located 0.15 kilometers away (completed in 2022 with 11 active leases), and Quay House located 0.27 kilometers away (completed in 2025 with 41 active leases). Built in 2018, the subject building represents an established mid-decade development generation that bridges earlier master-planned towers and newer arrivals along the waterfront. Across the immediate competitive set, properties average $3,040 per month at $4.65 per square foot across an average suite size of 682 square feet. Aqualina at Bayside Toronto anchors itself firmly within this benchmark range, offering steady scale, efficient layouts, and competitive pricing per square foot that reflects its mature completion vintage relative to newer neighborhood additions.

1 Edgewater Dr, Toronto

Avg Asking$3,136/mo
Avg $/SF$4.86
Rent Spread:
+$736/mo (+30.7%) Higher
Monde103 m

12 - 16 Bonnycastle St, Toronto

Avg Asking$2,795/mo
Avg $/SF$4.11
Rent Spread:
+$395/mo (+16.4%) Higher

118 Merchants' Wharf, Toronto

Avg Asking$4,081/mo
Avg $/SF$4.79
Rent Spread:
+$1,681/mo (+70.0%) Higher

15 Richardson St, Toronto

Avg Asking$2,486/mo
Avg $/SF$4.53
Rent Spread:
+$86/mo (+3.6%) Higher

155 Merchants' Wharf, Toronto

Avg Asking$5,730/mo
Avg $/SF$5.36
Rent Spread:
+$3,330/mo (+138.7%) Higher

20 Richardson St, Toronto

Avg Asking$2,464/mo
Avg $/SF$4.54
Rent Spread:
+$64/mo (+2.7%) Higher

Comparable Analysis & Questions

How do rental rates at Aqualina at Bayside Toronto compare to neighbouring buildings within East Bayfront?

Aqualina at Bayside Toronto achieves an average lease rent of $2,796 per month, trading competitively against the overall comparable benchmark average of $3,040 per month across nearby properties like Aquavista at Bayside, Monde, Aquabella at Bayside, and Quay House. Individual competitor performance includes Aquavista at Bayside (1 Edgewater Dr) at an average rent of $2,838 per month, $4.87 per square foot, and an average square footage of 600 square feet; Monde (12 - 16 Bonnycastle St) at $2,606 per month, $4.09 per square foot, and 647 square feet; Aquabella at Bayside (118 Merchants' Wharf) at $4,268 per month, $5.15 per square foot, and 917 square feet; and Quay House (15 Richardson St) at $2,448 per month, $4.50 per square foot, and 565 square feet.

Does Aqualina at Bayside Toronto offer a competitive price-per-square-foot ($/SF) against local comparables?

Aqualina at Bayside Toronto delivers a compelling value proposition, leasing at an average rate of $4.43 per square foot across an average suite size of 647 square feet, positioning it favorably below the broader submarket asking benchmark of $4.65 per square foot. Renters evaluating the building trade off slight differences in layout vintage and tower scale for highly competitive per-square-foot pricing; for instance, while Aquabella at Bayside demands a higher $5.15 per square foot across larger 917-square-foot footprints, and Aquavista at Bayside commands $4.87 per square foot across compact 600-square-foot plans, Aqualina provides balanced sizing that undercuts peak submarket rate tiers without sacrificing interior volume.

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

Aqualina at Bayside Toronto provides a comprehensive, resort-style amenity package that aligns closely with premier waterfront developments in the East Bayfront micro-market. Residents enjoy signature features including an outdoor pool, a dedicated yoga studio, a spin studio, a hot tub and jacuzzi, and a rooftop terrace. When contrasted against nearby competitors, Aqualina matches the comprehensive wellness offerings found at Aquavista at Bayside (which also features an outdoor pool and spin studio) and Aquabella at Bayside, while offering significantly more extensive dedicated fitness spaces than smaller-scale boutique projects like Quay House. This extensive amenity ecosystem particularly serves working professionals and fitness-conscious urban residents seeking an active, community-oriented lifestyle.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Aqualina at Bayside Toronto.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Spin Studio
  • Outdoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Aqualina at Bayside Toronto.

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.