Joy Condos — Rental Market Data

Joy Condos has two active rental listings as of August 31, 2026, with asking rents ranging from $2,400 to $2,530 per month, an average of $2,465, and a median of $2,465. Both available suites measure 650 square feet, producing an average asking rate of $3.79 per square foot. The inventory is split evenly between a 1-Bedroom + Den and a 2-Bedroom layout, each representing 50 percent of active stock, so neither compact entry-level nor multi-bedroom executive tiers dominate the current offering.

The dominant active layout at Joy Condos is the 1-Bedroom + Den, with one listing accounting for 50 percent of available inventory at an average asking rent of $2,400 per month across 650 square feet and a rate of $3.69 per square foot. The 2-Bedroom tier also holds one listing at 50 percent share, asking $2,530 per month over the same 650-square-foot footprint at $3.89 per square foot. Both tiers are single-listing samples, so no tier offers a multi-unit selection for renters comparing options within the building.

Joy Condos currently shows a minimum entry rent of $2,400 per month and a peak asking rent of $2,530 per month, producing a dollar spread of $130 and a percentage spread of 5.4 percent. The median asking rent sits at $2,465 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $3.69 per square foot, while the peak suite is a 2-Bedroom of the same 650-square-foot size at $3.89 per square foot.

Joy Condos does not have a quantified active den premium or square-footage delta, as the current two-unit sample does not provide a paired comparison to isolate marginal den costs. Active parking premiums also cannot be reliably isolated from the available data due to an insufficient paired sample or anomalous outlier readings. Historical lease records do confirm a verified parking stall cost of $270 per month, but that figure reflects closed transactions rather than current active listings.

Joy Condos asks an average of $2,465 per month at $3.79 per square foot, compared to the Scarborough North submarket asking benchmark of $2,566 per month at $3.29 per square foot. The building's nominal rent is $101 below the submarket average, but that gap is explained by suite size: Joy Condos' active units average 650 square feet versus the submarket implied average of 780 square feet, a 130-square-foot delta. On a rate-per-square-foot basis, Joy Condos trades 15.2 percent above the submarket asking benchmark, and the building's two listings represent 2 out of 97 total active listings in Scarborough North.

Joy Condos realized an average lease rent of $2,385 per month over the trailing year, which is $371 below the four-comp benchmark of $2,756 and reflects the subject's compact 686-square-foot suite profile. Love Condominiums at 185 Bonis Ave (0.09 km, 13 closed leases) averaged $2,254 per month at $3.43 per square foot across 669 square feet, placing the subject $131 higher in nominal rent. Legends at Tam O'Shanter at 238 Bonis Ave (0.12 km, 6 closed leases) averaged $2,496 per month at $2.41 per square foot over 1,058 square feet, meaning the subject trades $111 lower. Greens at Tam O'Shanter I at 168 Bonis Ave (0.18 km, 2 closed leases) averaged $3,075 per month at $2.08 per square foot across 1,500 square feet, with the subject $690 lower. Tam O'Shanter Highlands II at 228 Bonis Ave (0.11 km, 1 closed lease) recorded $3,200 per month at $2.13 per square foot over 1,500 square feet, a single-transaction sample that places the subject $815 below that figure.

Joy Condos leases at $3.50 per square foot on an average 686-square-foot suite, a rate 39 percent above the comp-group average of $2.51 per square foot but applied to a footprint roughly half the size of the 1,182-square-foot comp benchmark. Against Love Condominiums (669 sq ft, $3.43/SF), the subject trades at a $0.07 per square foot premium while providing 17 more interior square feet, so the higher per-foot rate is offset by marginally greater space. Versus Legends at Tam O'Shanter (1,058 sq ft, $2.41/SF), the subject commands a $1.09 per square foot premium but delivers 372 fewer square feet; the $111 lower nominal rent is driven entirely by the smaller interior footprint rather than a weaker asset valuation. The same dynamic holds against Greens at Tam O'Shanter I (1,500 sq ft, $2.08/SF) and Tam O'Shanter Highlands II (1,500 sq ft, $2.13/SF), where the subject's $1.42 and $1.37 per square foot premiums respectively are more than neutralized by 814 fewer square feet of living area in each case.

Joy Condos offers an eleven-item amenity suite that includes a dedicated yoga studio, a feature no nearby competitor provides, alongside an indoor pool, rooftop terrace, hot tub, sauna, gym, games room, BBQ area, party lounge, concierge security, and a garden courtyard. Love Condominiums (185 Bonis Ave) matches most of that list but adds an outdoor tai chi area the subject lacks; Legends at Tam O'Shanter (238 Bonis Ave) and Tam O'Shanter Highlands II (228 Bonis Ave) each include a meeting room and, in Legends' case, a dining room and kitchen that Joy Condos does not offer. Greens at Tam O'Shanter I (168 Bonis Ave) stands out with an outdoor pool, basketball court, squash and racquetball courts, a golf simulator, and a car wash bay—recreational and convenience features entirely absent from the subject's package. The yoga studio, combined with the indoor pool, hot tub, and sauna, positions Joy Condos as a wellness-forward lifestyle building best suited to active professionals and fitness-oriented renters who prioritize daily movement and recovery spaces over the sports-court or remote-work facilities found at the older Tam O'Shanter properties.