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Market Data as of August 31, 2026

Citylights on Broadway - South Tower — Rental Market Data

195 Redpath Ave, Toronto, Ontario M4P 0E4
Quick Rent Estimate
Active Suites6 Available
Type
Units
Avg Rent
1-Bedroom + Den
2
$2,224
Studio
2
$1,855
1-Bedroom
1
$2,000
2-Bedroom
1
$3,100

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2022
Total Suites525
DeveloperPemberton Group

Citylights on Broadway - South Tower at 195 Redpath Ave in North Midtown is an established 525-suite residential tower completed in 2022 by Pemberton Group. The property currently records 6 active listings yielding a 1.1% availability rate. Over the past 90 days, the building recorded 40 closed leases averaging 27 days on market, alongside 30-day volume of 15 closed leases averaging 24 days on market.

Active asking rents average $2,210 per month at $4.66 per square foot, comparing to realized 90-day leases averaging $2,258 per month at $4.20 per square foot, while current active listings feature smaller average footprints of 483 square feet versus the all-time lease average of 550 square feet. The active asking rate of $4.66 per square foot stands above the submarket asking benchmark of $4.27 per square foot.

Closed days on market average 27 days over the past 90 days with 13 days for delisted properties, and tenants maintain slight leverage as 21.4% of recent leases closed under asking with an average discount of $18 per month, while studios and 1-bedroom plus den layouts offer the deepest inventory selection with 2 units available per tier.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Citylights on Broadway - South Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units6
-4 (40.0%)
Avg Asking Rent$2,210
-$115 (5.0%)
Avg Suite Size483 sf
-76 sf (13.6%)
Avg Days on Market24d
-1d (5.1%)
Avg Asking $/SF$4.66
+$0.42 (9.9%)

Active Market Insights & Questions

How has rental availability changed at Citylights on Broadway - South Tower recently?

Citylights on Broadway - South Tower features 6 active listings as of August 31, 2026, with a price range of $1,760 to $3,100 per month, an average asking rent of $2,210 per month, and a median asking rent of $2,074 per month. The active inventory averages 483 square feet with an asking rate of $4.66 per square foot and a dominant layout share of 33.3%, leaning toward compact entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at Citylights on Broadway - South Tower?

The 1-Bedroom + Den serves as the dominant active layout at Citylights on Broadway - South Tower, accounting for 2 listings and a 33.3% inventory share. Studios also share the top spot with 2 listings and a 33.3% share, averaging $1,855 per month across 400 square feet at $4.64 per square foot. The 1-bedroom tier provides 1 listing averaging $2,000 per month across 400 square feet at $5.00 per square foot, while the 2-bedroom tier features 1 listing averaging $3,100 per month across 750 square feet at $4.13 per square foot.

What is the average asking rent and $/SF by suite size at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower records a minimum entry rent of $1,760 per month and a peak asking rent of $3,100 per month, creating a dollar spread of $1,340 and a percentage spread of 76.1%. The median asking rent sits at $2,074 per month, anchored by an entry-level Studio suite spanning 400 square feet at $4.40 per square foot. At the upper end, the peak 2-bedroom suite spans 750 square feet at $4.13 per square foot.

How much extra do parking spaces and dens cost at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower commands an active den premium of $224 per month for an additional 75 square feet of interior space. The marginal cost for this extra den space equals $2.99 per square foot. Active parking premiums cannot be reliably isolated from current listings due to an insufficient sample.

How do asking rents at Citylights on Broadway - South Tower compare to local and municipal benchmarks?

Citylights on Broadway - South Tower asks an average rent of $2,210 per month at $4.66 per square foot, comparing to the North Midtown submarket asking average of $2,803 per month at $4.27 per square foot. The lower nominal monthly outlay stems from more compact suite sizing rather than cheaper unit pricing, positioning the building's asking rate 9.1% above the submarket asking benchmark at a 2.6% share of submarket 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 Citylights on Broadway - South Tower (Data period: For the month of August 2026).

Units Leased15
Avg Leased Price$2,349
Avg Leased Size550 sf
Avg Days to Lease24d
Leased $/SF$4.08

Leased Transaction Insights & Questions

How many suites were leased at Citylights on Broadway - South Tower last month, and how fast did they rent?

Citylights on Broadway - South Tower recorded a 30-day average days on market of 24 days, a 90-day average of 27 days, and compares against a North Midtown submarket benchmark of 24 days. Closed lease counts tracked 15 units over the past 30 days, 40 units over the past 90 days, and 56 total units over the trailing 12 months. Leasing turnover accelerated notably during the summer months as seasonal demand peaked.

What is the negotiation spread between asking rents and closed lease prices at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower saw tenants negotiate an average discount of $18 per month, representing a 0.74% variance below asking prices, which delivered annual tenant savings of $216 per year. A total of 21.4% of closed leases secured concessions below asking price, reflecting a moderately tenant-favorable leasing environment where prospective renters maintained slight pricing leverage.

What are typical executed lease prices across different layouts at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower was anchored by 1-Bedroom + Den layouts averaging $2,251 per month with a 22-day DOM, and 2-Bedroom layouts averaging $2,671 per month with a 32-day DOM. Studio suites delivered 9 closed leases, averaging $1,804 per month, a median of $1,800 per month, a P25-P75 range of $1,785 to $1,800 per month, an average size of 398 square feet, $4.53 per square foot, and 24 days on market. 1-Bedroom suites provided 12 closed leases, averaging $2,009 per month, a median of $2,000 per month, a P25-P75 range of $1,950 to $2,000 per month, an average size of 445 square feet, $4.60 per square foot, and 22 days on market. 1-Bedroom + Den suites delivered 18 closed leases, averaging $2,251 per month, a median of $2,262 per month, a P25-P75 range of $2,122 to $2,300 per month, an average size of 578 square feet, $3.91 per square foot, and 22 days on market. 2-Bedroom suites provided 17 closed leases, averaging $2,671 per month, a median of $2,600 per month, a P25-P75 range of $2,550 to $2,750 per month, an average size of 674 square feet, $3.97 per square foot, and 32 days on market.

What measurable rent premium did suites with parking achieve in closed leases at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower achieved a verified realized parking premium of $102 per month across successfully leased units. Parking spaces were typically bundled directly into larger two-bedroom floor plans while remaining separate on smaller compact suites. Active asking parking rates remained inconclusive due to insufficient paired sample data across current listings.

How does the lease-to-listing ratio at Citylights on Broadway - South Tower reflect current tenant demand?

Citylights on Broadway - South Tower experienced a steady upward rent trajectory from early spring through the late summer peak. In April 2026, the building closed 5 deals averaging $2,203 per month at $3.94 per square foot with 20 days on market. In May 2026, activity rose to 10 closed deals averaging $2,245 per month at $4.20 per square foot with 24 days on market. In June 2026, leasing volume reached 12 closed deals averaging $2,198 per month at $4.32 per square foot with 28 days on market. In July 2026, leasing volume expanded to 14 closed deals averaging $2,228 per month at $4.21 per square foot with 28 days on market. In August 2026, leasing volume peaked at 15 closed deals averaging $2,349 per month at $4.08 per square foot with 24 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Citylights on Broadway - South Tower (Data period: For the month of August 2026).

Delisted Units1
Avg Asking Price$1,790
Avg Suite Size400 sf
Avg Days on Market13d
Delisted $/SF$4.48

De-Listed Market Analysis & Questions

How many listings de-listed at Citylights on Broadway - South Tower, and what was their re-listing price compared to previous asking?

Citylights on Broadway - South Tower recorded 1 total delisted unit, representing a delisted-to-leased ratio of 6.7%, which consisted entirely of 1 suspended listing with zero terminated or expired listings. This low ratio translates to roughly 1 listing pulled for every 15 successful leases, underscoring stable landlord retention and effective initial pricing strategies.

How do asking prices on de-listed suites compare to executed leases and active listings at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower recorded an average delisted asking rent of $1,790 per month, reflecting a nominal dollar spread of $559 per month below realized lease averages and a rate-per-square-foot gap of $4.48. Unrented units asked $559 per month below realized leases nominally due to smaller average floor plans, but commanded a rate per square foot of $4.48 compared to the all-time lease average of $4.17 per square foot.

What market friction causes rental listings to stall or de-list at Citylights on Broadway - South Tower?

Citylights on Broadway - South Tower delisted units registered an average days on market of 13 days compared to a realized lease average of 26 days. Because unrented listings were pulled faster than standard leasing velocity, the excess marketing days metric resulted in negative vacancy carry, reflecting efficient withdrawal rather than prolonged unrented holding costs.

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)
2026-04-271323105714.0927
2026-04-281323025714.0823
2026-04-291323025714.0824
2026-04-301223195784.0622
2026-05-011322985644.1421
2026-05-021322985644.1422
2026-05-031322985644.1423
2026-05-041223115654.1625
2026-05-051223115654.1626
2026-05-061123395714.1724
2026-05-071123395714.1725
2026-05-081123395714.1726
2026-05-091123395714.1727
2026-05-101123395714.1728
2026-05-111523155654.1821
2026-05-121623275714.1621
2026-05-131724376114.1117
2026-05-141824736204.1117
2026-05-151724025944.2016
2026-05-161624436084.1717
2026-05-171624436084.1718
2026-05-181624436084.1719
2026-05-191823685844.2017
2026-05-201823685844.2018
2026-05-211823685844.2019
2026-05-221823685844.2020
2026-05-231823685844.2021
2026-05-241823685844.2022
2026-05-251723375814.1924
2026-05-261622615444.2626
2026-05-271422885544.2326
2026-05-281422885544.2327
2026-05-291422885544.2328
2026-05-301422815544.2127
2026-05-311422815544.2128
2026-06-011422745544.2027
2026-06-021522525444.2526
2026-06-031522525444.2527
2026-06-041422755474.2526
2026-06-051422755474.2527
2026-06-061422755474.2528
2026-06-071422755474.2529
2026-06-081123715874.1033
2026-06-091123715874.1034
2026-06-101223655844.1132
2026-06-111223555844.0933
2026-06-121223555844.0934
2026-06-131124106014.0635
2026-06-141124106014.0636
2026-06-151124106014.0637
2026-06-161124106014.0638
2026-06-171124106014.0639
2026-06-181223585844.1037
2026-06-191123465804.1138
2026-06-201023865984.0341
2026-06-211023865984.0342
2026-06-221023865984.0343
2026-06-231123505804.1240
2026-06-241123505804.1241
2026-06-251123505804.1242
2026-06-26922635564.1540
2026-06-271022175404.1937
2026-06-281022175404.1938
2026-06-291121975274.2636
2026-06-301021875254.2738
2026-07-011122225364.2436
2026-07-021322345354.2931
2026-07-031422145254.3330
2026-07-041522065274.3029
2026-07-051522065274.3030
2026-07-061522065274.3031
2026-07-071622255344.2730
2026-07-081522535434.2632
2026-07-091422605434.2834
2026-07-101522465434.2432
2026-07-111422225364.2628
2026-07-121522615504.2327
2026-07-131322285354.2922
2026-07-141222655464.2823
2026-07-151021935154.3827
2026-07-16922095114.4630
2026-07-171122635314.3824
2026-07-181122635314.3825
2026-07-191122635314.3826
2026-07-201022855454.3227
2026-07-211122455314.3525
2026-07-22923225614.2623
2026-07-231123045544.2719
2026-07-241123045544.2720
2026-07-251123045544.2721
2026-07-261123045544.2722
2026-07-271123045544.2723
2026-07-281023355704.1923
2026-07-291123325684.1922
2026-07-301123325684.1923
2026-07-311023255604.2425
2026-08-011023255604.2426
2026-08-021023255604.2427
2026-08-031123825774.2126
2026-08-041024355954.1728
2026-08-051124045904.1426
2026-08-061223965874.1425
2026-08-071123635774.1627
2026-08-081023455704.1828
2026-08-091023755704.2216
2026-08-10923115504.2618
2026-08-11723435504.3318
2026-08-12723435504.3319
2026-08-13623835504.4222
2026-08-14723635504.3616
2026-08-15823115314.4215
2026-08-16823115314.4216
2026-08-17823115314.4217
2026-08-18823115314.4215
2026-08-19922655174.4614
2026-08-20822615134.5013
2026-08-21922325004.5512
2026-08-22922325004.5513
2026-08-23922325004.5514
2026-08-241022485154.4614
2026-08-25922095004.5216
2026-08-26821974944.5617
2026-08-27623155254.5421
2026-08-28722355074.5219
2026-08-29722355074.5220
2026-08-30722355074.5221
2026-08-31622104834.6624

12-Month Market Dynamics & Trend Trajectory

Citylights on Broadway - South Tower has established a reliable multi-tenant leasing history characterized by 56 lifetime closed transactions, an overall average rent of $2,255 per month, a realized rate of $4.17 per square foot, an average suite size of 550 square feet, and a lifetime average days on market of 26 days. Tenant turnover remained steady across all four major floor plan tiers as renters gravitated toward functional high-rise layouts. Pricing discipline across the tower favored tenants slightly, with 21.4% of leasing transactions closing below asking price. Tenants successfully negotiated an average monthly discount of $18 or 0.74% off listed rates, capturing modest annual savings of $216 per year while landlords maintained baseline pricing control on premium configurations.

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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)
2026-05-03220505233.9338
2026-05-10622505474.1422
2026-05-170N/AN/AN/AN/A
2026-05-24224255254.6714
2026-05-31322675674.1328
2026-06-07519494304.5617
2026-06-14222205154.4129
2026-06-21226956903.9155
2026-06-280N/AN/AN/AN/A
2026-07-05221655254.2060
2026-07-12623616083.9118
2026-07-19420754634.5929
2026-07-26222005254.3523
2026-08-02323675824.1319
2026-08-09623425924.0136
2026-08-16224506004.0930
2026-08-23322675334.319
2026-08-30123906503.687

Nearby Building Rental Comparables & Price Spreads

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

Citylights on Broadway - South Tower at 195 Redpath Ave anchors a dense cluster of modern residential towers completed between 2000 and 2025. Immediate local competitors include Citylights on Broadway - North Tower at 99 Broadway Ave (0.04 km away, built in 2022, 28 active listings), 188 Redpath at 188 Redpath Ave (0.04 km away, built in 2000, 3 active listings), The Parker at 200 Redpath Avenue (0.05 km away, built in 2022, 2 active listings), and Line 5 - North Tower at 117 Broadway Ave (0.08 km away, completed in 2025, 48 active listings). This competitive set spans two distinct construction eras: the established 2000-built tower offering larger floor plates and the contemporary 2022-2025 high-rises featuring dense, efficient footprints and resort-style amenities. Across the micro-market, the overall comparable benchmark registers an average lease rent of $2,400 per month, an average rate of $4.06 per square foot, and an average suite size of 605 square feet. Citylights on Broadway - South Tower aligns closely with these modern peers in scale and suite efficiency while maintaining a highly competitive rate per square foot relative to both newer 2025 completions and older, larger alternatives.

188 Redpath Ave, Toronto

Avg Asking$2,350/mo
Avg $/SF$3.31
Rent Spread:
+$140/mo (+6.4%) Higher

99 Broadway Ave, Toronto

Avg Asking$2,405/mo
Avg $/SF$4.46
Rent Spread:
+$196/mo (+8.8%) Higher

200 Redpath Avenue, Toronto

Avg Asking$2,667/mo
Avg $/SF$5.06
Rent Spread:
+$458/mo (+20.7%) Higher

73-75 Broadway Avenue, Toronto

Avg Asking$2,754/mo
Avg $/SF$4.22
Rent Spread:
+$544/mo (+24.6%) Higher

117 Broadway Ave, Toronto

Avg Asking$2,475/mo
Avg $/SF$4.00
Rent Spread:
+$266/mo (+12.0%) Higher

127 Broadway Ave, Toronto

Avg Asking$2,335/mo
Avg $/SF$4.02
Rent Spread:
+$126/mo (+5.7%) Higher

Comparable Analysis & Questions

How do rental rates at Citylights on Broadway - South Tower compare to neighbouring buildings within North Midtown?

Citylights on Broadway - South Tower achieves an average lease rent of $2,255 per month, trading below the overall comparable market average of $2,400 per month across its primary competing high-rises. Citylights on Broadway - North Tower (99 Broadway Ave) records an average lease rent of $2,313 per month at $4.26 per square foot across an average of 550 square feet. 188 Redpath (188 Redpath Ave) posts an average lease rent of $2,350 per month at $3.31 per square foot across larger 713-square-foot footprints. The Parker (200 Redpath Avenue) averages $2,513 per month at $4.57 per square foot across 550 square feet. Line 5 - North Tower (117 Broadway Ave) commands an average lease rent of $2,423 per month at $4.10 per square foot across 605 square feet.

Does Citylights on Broadway - South Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Citylights on Broadway - South Tower positions itself as an efficient, mid-tier value option in North Midtown, leasing at an average rate of $4.17 per square foot across compact 550-square-foot layouts. Renters evaluate trade-offs between modern high-rise efficiency at Citylights on Broadway - South Tower and the older, larger 713-square-foot layouts at 188 Redpath, which trades at a lower $3.31 per square foot but lacks contemporary finishes. Meanwhile, newer properties like The Parker command a higher rate of $4.57 per square foot across 550 square feet, and Line 5 - North Tower leases at $4.10 per square foot across 605 square feet, giving Citylights on Broadway - South Tower a balanced pricing stance between premium luxury builds and older stock.

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

Citylights on Broadway - South Tower delivers an extensive, resort-inspired lifestyle and amenity profile that matches or exceeds its immediate modern neighbors. Signature features at the building include Concierge & Security, a Gym & Fitness Centre, a Yoga Studio, an Outdoor Pool, and a Sauna & Steam Room. In comparison, Citylights on Broadway - North Tower offers a similar athletic package with indoor and outdoor pools alongside a basketball court, while 188 Redpath relies on a quieter amenity set centered around a library and courtyard without fitness facilities. The Parker provides specialized luxury additions like a pet wash station, a bowling alley, and a virtual healthcare clinic, and Line 5 - North Tower features a juice and coffee bar alongside a pet wash station. This comprehensive amenity ecosystem at Citylights on Broadway - South Tower particularly serves active professionals and fitness-oriented urban renters seeking high-end recreational spaces without paying top-tier submarket luxury premiums.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Citylights on Broadway - South Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Basketball Court
  • Outdoor Pool
  • BBQ Area
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Rooftop Terrace
  • Games & Billiards Room
  • Badminton Court

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Citylights on Broadway - South Tower.

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.