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Market Data as of August 31, 2026

Aqualuna at Bayside — Rental Market Data

155 Merchants' Wharf, Toronto, Ontario M5A 0Y4
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
3
$2,400
2-Bedroom + Den
2
$5,650
2-Bedroom
1
$5,000
3-Bedroom+
1
$15,000

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2025
Total Suites240
DeveloperTridel & Hines

Aqualuna at Bayside stands at 155 Merchants' Wharf within the East Bayfront submarket, offering 240 luxury suites developed by Tridel & Hines following its 2025 completion. The community currently features 7 active listings out of its total inventory, reflecting an availability rate of 2.9%. The leasing pace recorded 16 closed transactions over the trailing 90 days with an average of 16 days on the market, alongside 7 closed transactions over the past 30 days with an average of 26 days on the market.

Current asking rents average $5,500 per month at $4.91 per square foot, tracking against the 90-day realized lease average of $5,727 per month at $5.80 per square foot across a smaller historical average suite size. Asking rates per square foot sit 5.6% higher than the broader East Bayfront submarket asking benchmark of $4.65 per square foot, driven by waterfront positioning and premium architectural design.

Marketing friction remains low as closed listings averaged 17 days on market overall (with 90-day closed listings averaging 16 days and 30-day closed listings averaging 26 days), while a single delisted unit lingered for 45 days at an asking rate of $9,900 per month compared to realized submarket norms. Prospective tenants find the deepest selection within 1-Bedroom layouts comprising 42.9% of active inventory, whereas multi-bedroom suites above two bedrooms maintain extremely scarce availability.

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Active Rental Inventory & Asking Rates

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

Active Units7
+1 (16.7%)
Avg Asking Rent$5,500
-$2,600 (32.1%)
Avg Suite Size1,036 sf
-494 sf (32.3%)
Avg Days on Market21d
0d (0.7%)
Avg Asking $/SF$4.91
-$0.30 (5.7%)

Active Market Insights & Questions

How has rental availability changed at Aqualuna at Bayside recently?

Aqualuna at Bayside presents 7 active listings as of August 31, 2026, spanning a price range between $2,250 and $15,000 per month with an overall average asking rent of $5,500 per month and a median of $4,300 per month. Active floor plans average 1,036 square feet at an average asking rate of $4.91 per square foot. 1-Bedroom layouts dominate the active inventory at a 42.9% share, ensuring that current available stock leans toward a balance of entry-level and larger executive footprints.

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

The dominant active layout at Aqualuna at Bayside is the 1-Bedroom configuration, accounting for 3 active listings and a 42.9% inventory share with an average rent of $2,400 per month, a median rent of $2,350 per month, across an average of 583 square feet at $4.14 per square foot. 2-Bedroom + Den suites comprise 2 active listings representing a 28.6% share, asking an average of $5,650 per month, a median rent of $5,650 per month, across 1,400 square feet at $4.01 per square foot. Standard 2-Bedroom layouts and 3-Bedroom+ suites each contribute 1 active listing respectively, with the single 2-Bedroom unit asking $5,000 per month, a median rent of $5,000 per month, across 1,100 square feet at $4.55 per square foot, and the single 3-Bedroom+ unit asking $15,000 per month, a median rent of $15,000 per month, across 1,600 square feet at $9.38 per square foot.

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

Aqualuna at Bayside exhibits a minimum entry rent of $2,250 per month and a peak asking rent of $15,000 per month, creating a dollar spread of $12,750 or 566.7%. The median asking rent sits at $4,300 per month. The entry-level option consists of a 550-square-foot 1-Bedroom suite asking $4.09 per square foot, whereas the peak luxury offering comprises a 1,600-square-foot 3-Bedroom+ suite asking $9.38 per square foot.

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

Aqualuna at Bayside active den premiums and square footage deltas cannot be isolated due to insufficient data across current floor plans. Active parking premium data is currently inconclusive and cannot be reliably isolated due to an unreliable outlier or insufficient sample size.

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

Aqualuna at Bayside asks an average rent of $5,500 per month at $4.91 per square foot, comparing against the East Bayfront submarket asking benchmark of $3,234 per month at $4.65 per square foot. The higher nominal monthly rent is supported by larger average suite square footage rather than elevated pricing pressure. The building's asking rate per square foot exceeds submarket asking benchmarks by 5.6%, while the 7 active listings represent 10.0% of the total 70 active suites across the submarket.

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

Units Leased7
Avg Leased Price$7,029
Avg Leased Size1,170 sf
Avg Days to Lease26d
Leased $/SF$4.17

Leased Transaction Insights & Questions

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

Aqualuna at Bayside recorded a 30-day average days on market of 26 days, a 90-day average days on market of 16 days, and a submarket benchmark days on market of 24 days. Leasing turnover accelerated significantly over the summer months, with 7 leases closed over the past 30 days compared to 16 leases over the past 90 days and 19 total lifetime closed leases.

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

Aqualuna at Bayside recorded an average tenant discount of $130 per month, representing a 1.5% variance below asking price and annual tenant savings of $1,560 per year. Approximately 36.8% of leases closed under asking, reflecting moderate tenant leverage during the initial occupancy phase.

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

The two highest-volume anchor layouts at Aqualuna at Bayside are 2-Bedroom suites averaging $5,479 per month with an average days on market of 18 days, and 1-Bedroom suites averaging $2,517 per month with an average days on market of 12 days. 1-Bedroom units represent a small sample size of 3 closed leases, achieving an average rent of $2,517 per month, a median rent of $2,500 per month, a P25-P75 range of $2,375 to $2,650 per month, an average size of 622 square feet, $4.06 per square foot, and 12 days on market. The 1-Bedroom + Den layout represents an individual single transaction of 1 closed lease at an average rent of $3,000 per month, a median rent of $3,000 per month, a P25-P75 range of $3,000 to $3,000 per month, 850 square feet, $3.53 per square foot, and 8 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 2-Bedroom + Den layout represents an individual single transaction of 1 closed lease at an average rent of $10,000 per month, a median rent of $10,000 per month, a P25-P75 range of $10,000 to $10,000 per month, 2,202 square feet, $4.54 per square foot, and 12 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 3-Bedroom+ layout represents an individual single transaction of 1 closed lease at an average rent of $12,000 per month, a median rent of $12,000 per month, a P25-P75 range of $12,000 to $12,000 per month, 3,125 square feet, $3.84 per square foot, and 21 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 Aqualuna at Bayside?

Aqualuna at Bayside has insufficient paired data to isolate a specific realized leased parking premium per month. Suite bundling patterns indicate that parking stalls are generally included within larger floor plans without separate line-item values. Active asking parking rates remain inconclusive due to an insufficient paired sample.

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

Aqualuna at Bayside experienced an upward rent trajectory as initial occupancy leasing velocity scaled through the spring and summer. In April 2026, 1 deal closed at an average rent of $3,400 per month, $4.00 per square foot, and 19 days on market. In May 2026, 2 deals closed at an average rent of $4,375 per month, $4.14 per square foot, and 20 days on market. In June 2026, 4 deals closed at an average rent of $4,994 per month, $6.48 per square foot, and 7 days on market. In July 2026, 5 deals closed at an average rent of $4,490 per month, $7.55 per square foot, and 9 days on market. In August 2026, 7 deals closed at an average rent of $7,029 per month, $4.17 per square foot, and 26 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Aqualuna at Bayside (Data period: For the month of August 2026).

Delisted Units1
Avg Asking Price$9,900
Avg Suite Size2,202 sf
Avg Days on Market45d
Delisted $/SF$4.50

De-Listed Market Analysis & Questions

How many listings de-listed at Aqualuna at Bayside, and what was their re-listing price compared to previous asking?

Aqualuna at Bayside recorded 1 total delisted unit, representing a delisted-to-leased ratio of 14.3% with a breakdown of 1 terminated listing, 0 expired listings, and 0 suspended listings. This translates to roughly 1 listing pulled for every 7 successful leases, indicating a stable initial occupancy leasing environment.

How do asking prices on de-listed suites compare to executed leases and active listings at Aqualuna at Bayside?

Aqualuna at Bayside recorded an average delisted asking rent of $9,900 per month, which is $2,871 per month above realized lease averages of $7,029 per month, though the rate per square foot for unrented units was $4.50 per square foot compared to the all-time realized lease average of $5.53 per square foot. Unrented units asked $2,871 per month more nominally due to larger floor plans, but commanded a lower rate per square foot than successfully leased properties.

What market friction causes rental listings to stall or de-list at Aqualuna at Bayside?

Aqualuna at Bayside recorded an average delisted days on market of 45 days compared to a realized lease days on market of 17 days. This excess of 19 marketing days translates into roughly two-thirds of a month of lost rental income plus ongoing condo maintenance fees, illustrating the carrying cost of pricing pushback.

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
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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)
2026-04-273651714584.3137
2026-04-283651714584.3138
2026-04-293651714584.3139
2026-04-303651714584.3140
2026-05-012637515133.9456
2026-05-022637515133.9457
2026-05-032637515133.9458
2026-05-043505812253.8739
2026-05-053505812253.8740
2026-05-063505812253.8741
2026-05-073505812253.8742
2026-05-083505812253.8743
2026-05-093505812253.8744
2026-05-103505812253.8745
2026-05-113505812253.8746
2026-05-123505812253.8747
2026-05-133505812253.8748
2026-05-143505812253.8749
2026-05-153505812253.8750
2026-05-163505812253.8751
2026-05-173505812253.8752
2026-05-183505812253.8753
2026-05-193505812253.8754
2026-05-203505812253.8755
2026-05-213505812253.8756
2026-05-223505812253.8757
2026-05-233505812253.8758
2026-05-242646315134.0875
2026-05-252646315134.0876
2026-05-262646315134.0877
2026-05-272646315134.0878
2026-05-282646315134.0879
2026-05-292646315134.0880
2026-05-302646315134.0881
2026-05-31124256503.7327
2026-06-01124256503.7328
2026-06-02124256503.7329
2026-06-03124256503.7330
2026-06-042608815133.9216
2026-06-052608815133.9217
2026-06-062608815133.9218
2026-06-072608815133.9219
2026-06-082608815133.9220
2026-06-092608815133.9221
2026-06-102608815133.9222
2026-06-112608815133.9223
2026-06-124673113025.6612
2026-06-134673113025.6613
2026-06-144673113025.6614
2026-06-155668511237.7012
2026-06-166648811867.0311
2026-06-176648811867.0312
2026-06-186648811867.0313
2026-06-195673511637.6315
2026-06-204704410798.6219
2026-06-214704410798.6220
2026-06-224704410798.6221
2026-06-237640412136.5413
2026-06-247640412136.5414
2026-06-257640412136.5415
2026-06-267640412136.5416
2026-06-276695412577.0919
2026-06-286695412577.0920
2026-06-295704514265.3422
2026-06-306628812835.1819
2026-07-016628812835.1820
2026-07-026628812835.1821
2026-07-035706014095.4815
2026-07-045812015965.6315
2026-07-055812015965.6316
2026-07-065812015965.6317
2026-07-075812015965.6318
2026-07-085812015965.6319
2026-07-095812015965.6320
2026-07-104923817406.1522
2026-07-114923817406.1523
2026-07-124923817406.1524
2026-07-133915020264.6023
2026-07-144905017405.9318
2026-07-154905017405.9319
2026-07-164905017405.9320
2026-07-174905017405.9321
2026-07-184905017405.9322
2026-07-194905017405.9323
2026-07-204905017405.9324
2026-07-214905017405.9325
2026-07-225780015225.6121
2026-07-235780015225.6122
2026-07-245780015225.6123
2026-07-255780015225.6124
2026-07-265780015225.6125
2026-07-275836014608.0125
2026-07-286946714848.2421
2026-07-295961016047.9024
2026-07-306864214787.3321
2026-07-316810015305.2121
2026-08-016810015305.2122
2026-08-026810015305.2123
2026-08-036810015305.2124
2026-08-046810015305.2125
2026-08-056810015305.2126
2026-08-067880017575.0623
2026-08-078827516754.9716
2026-08-088783816254.8112
2026-08-098783816254.8113
2026-08-108783816254.8114
2026-08-118783816254.8115
2026-08-128779416264.7615
2026-08-138779416264.7616
2026-08-149770616344.6815
2026-08-159770616344.6816
2026-08-169770616344.6817
2026-08-179770616344.6818
2026-08-1810722015564.5517
2026-08-199696714844.5818
2026-08-209696714844.5819
2026-08-2110649513914.5318
2026-08-2210649513914.5319
2026-08-2310649513914.5320
2026-08-2411614113144.5519
2026-08-2510578012084.5914
2026-08-268643812974.8216
2026-08-277550010364.9117
2026-08-287550010364.9118
2026-08-297550010364.9119
2026-08-307550010364.9120
2026-08-317550010364.9121

12-Month Market Dynamics & Trend Trajectory

Aqualuna at Bayside has achieved a lifetime leasing volume of 19 transactions with an average monthly rent of $5,462 per month, an average rate of $5.53 per square foot, an average suite size of 1,170 square feet, and an average days on market of 17 days. Tenant turnover remains steady as the building progresses through its initial occupancy phase following its registration date. Transaction distribution shows that 36.8% of leases closed below asking price, while the remaining deals closed at asking or above. Tenants secured an average discount of 1.5% or $130 per month, yielding annual tenant savings of $1,560 per year and demonstrating modest tenant leverage.

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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
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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)
2026-04-261650013504.8111
2026-05-030N/AN/AN/AN/A
2026-05-100N/AN/AN/AN/A
2026-05-170N/AN/AN/AN/A
2026-05-24122506503.4628
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-142537514003.856
2026-06-21131009503.264
2026-06-28243134889.689
2026-07-051365010233.5717
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-26354336259.938
2026-08-021750015005.0035
2026-08-09136008504.2413
2026-08-1611000022024.5412
2026-08-234702518023.8431

Nearby Building Rental Comparables & Price Spreads

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

Aqualuna at Bayside (155 Merchants' Wharf) anchors the East Bayfront micro-market alongside four primary waterfront competitors: Aquabella at Bayside (118 Merchants' Wharf, completed in 2022, 0.14 km away, with 11 active listings), Aquavista at Bayside (1 Edgewater Dr, completed in 2020, 0.24 km away, with 13 active listings), Aqualina at Bayside Toronto (15 Merchants' Wharf, completed in 2018, 0.28 km away, with 14 active listings), and Monde (12 - 16 Bonnycastle St, completed in 2019, 0.29 km away, with 25 active listings). These neighbouring buildings represent a modern architectural generation built between 2018 and 2022, establishing a cohesive mid-rise and high-rise waterfront community along the Toronto shoreline. Across the micro-market, the competitive set averages $3,127 per month at $4.64 per square foot across an average suite size of 703 square feet. As a brand-new building completed in 2025, Aqualuna at Bayside commands a premium valuation driven by its contemporary construction, larger average suite footprints, and cutting-edge architectural design. While older neighbouring developments offer compact floor plans at lower absolute rent figures, Aqualuna at Bayside sets the upper tier for modern luxury and interior volume in the immediate East Bayfront node.

118 Merchants' Wharf, Toronto

Avg Asking$4,081/mo
Avg $/SF$4.79
Rent Spread:
-$1,419/mo (-25.8%) Lower

1 Edgewater Dr, Toronto

Avg Asking$3,136/mo
Avg $/SF$4.86
Rent Spread:
-$2,364/mo (-43.0%) Lower

15 Merchants' Wharf, Toronto

Avg Asking$2,773/mo
Avg $/SF$4.41
Rent Spread:
-$2,727/mo (-49.6%) Lower
Monde287 m

12 - 16 Bonnycastle St, Toronto

Avg Asking$2,795/mo
Avg $/SF$4.11
Rent Spread:
-$2,705/mo (-49.2%) Lower

35 Parliament St, Toronto

Avg Asking$2,584/mo
Avg $/SF$4.18
Rent Spread:
-$2,916/mo (-53.0%) Lower

39 Parliament Street, Toronto

Avg Asking$2,766/mo
Avg $/SF$3.67
Rent Spread:
-$2,734/mo (-49.7%) Lower

Comparable Analysis & Questions

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

Aqualuna at Bayside achieves an average lease rent of $5,462 per month, trading above the overall competitive benchmark average of $3,127 per month across the local East Bayfront set. Competitor benchmarks include Aquabella at Bayside at 118 Merchants' Wharf with an average lease rent of $4,268 per month ($5.15 per square foot across 917 square feet), Aquavista at Bayside at 1 Edgewater Dr with an average lease rent of $2,838 per month ($4.87 per square foot across 600 square feet), Aqualina at Bayside Toronto at 15 Merchants' Wharf with an average lease rent of $2,796 per month ($4.43 per square foot across 647 square feet), and Monde at 12 - 16 Bonnycastle St with an average lease rent of $2,606 per month ($4.09 per square foot across 647 square feet).

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

Aqualuna at Bayside positions itself at the top of the local micro-market with an average leased rate of $5.53 per square foot across an expansive average suite size of 1,170 square feet, compared to the broader submarket benchmark of $4.53 per square foot and an overall competitor average of $4.64 per square foot. Renters evaluating Aqualuna at Bayside versus older alternatives like Aqualina at Bayside Toronto (which averages 647 square feet at $4.43 per square foot) or Monde (averaging 647 square feet at $4.09 per square foot) trade a higher absolute monthly commitment for substantially larger living areas, state-of-the-art 2025 finishes, superior energy efficiency, and modern layout configurations designed for maximum functional utility.

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

Aqualuna at Bayside delivers a resort-inspired lifestyle profile featuring signature amenities including an outdoor pool, yoga studio, sauna and steam room, rooftop terrace, and a dedicated games and billiards room. When contrasted with neighbouring developments, Aqualuna at Bayside matches or exceeds peer offerings such as Aquabella at Bayside's indoor pool and spin studio, Aquavista at Bayside's cafe juice bar and hot tub, Aqualina at Bayside Toronto's business centre and library, and Monde's children's outdoor playground and shuttle service. This robust amenity package primarily serves affluent professionals and families seeking top-tier wellness and entertainment facilities directly on the Toronto waterfront.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Aqualuna at Bayside.

Building Amenities

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

Data Methodology & Analytical Standards

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

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.