Market Data as of August 31, 2026
The Manderley — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
The Manderley at 2 Manderley Drive in Scarborough South is a 194-suite residential building completed in 2024 by Nova Ridge Development Partners Inc., and it currently sits at full occupancy with zero units listed for rent as of August 31, 2026. The building's availability rate stands at 0 percent, reflecting a fully absorbed inventory. Leasing activity over the trailing 90 days produced four closed leases at an average of $2,000 per month and a realized rate of $3.49 per square foot, with an average time-to-lease of 46 days; the 30-day window recorded no new closings, and the all-time average across six tracked leases settles at $2,008 per month with a 38-day average on-market period.
With no active listings to benchmark, pricing intelligence must draw on the building's realized lease history. The Manderley's average realized rate of $3.49 per square foot sits 16.3 percent below the Scarborough South submarket lease benchmark of $4.17 per square foot, and the average suite footprint of 600 square feet positions the building in the compact one-bedroom and small two-bedroom tier. The submarket's implied asking footprint of 646 square feet suggests The Manderley's suites are modestly smaller than the broader Scarborough South average, which partly explains the below-benchmark per-square-foot rate even as nominal monthly rents remain competitive.
Marketing friction at The Manderley is effectively nonexistent in the delisting sense—zero units have been pulled, terminated, or expired from the market—but the 38-day all-time average on-market period runs 73 percent above the submarket benchmark of 22 days, indicating that when units do come to market, leasing velocity lags the broader Scarborough South pace. Tenants who did lease secured an average concession of $25 per month, or 1.23 percent below asking, across all tracked closed transactions, a modest but consistent tenant-favorable discount. For prospective renters, the practical takeaway is straightforward: with zero active inventory and no delisted alternatives, the only path to occupancy at The Manderley is to monitor for new listings as they appear or to explore the 36 active units currently available across the wider Scarborough South submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 3 | 1967 | 550 | 3.58 | 16 |
| 2026-04-28 | 3 | 1967 | 550 | 3.58 | 17 |
| 2026-04-29 | 4 | 2175 | 625 | 3.51 | 14 |
| 2026-04-30 | 4 | 2175 | 625 | 3.51 | 15 |
| 2026-05-01 | 4 | 2175 | 625 | 3.51 | 16 |
| 2026-05-02 | 4 | 2175 | 625 | 3.51 | 17 |
| 2026-05-03 | 4 | 2175 | 625 | 3.51 | 18 |
| 2026-05-04 | 4 | 2175 | 625 | 3.51 | 19 |
| 2026-05-05 | 5 | 2170 | 650 | 3.38 | 16 |
| 2026-05-06 | 5 | 2170 | 650 | 3.38 | 17 |
| 2026-05-07 | 5 | 2170 | 650 | 3.38 | 18 |
| 2026-05-08 | 5 | 2170 | 650 | 3.38 | 19 |
| 2026-05-09 | 4 | 2175 | 625 | 3.51 | 24 |
| 2026-05-10 | 4 | 2175 | 625 | 3.51 | 25 |
| 2026-05-11 | 4 | 2175 | 625 | 3.51 | 26 |
| 2026-05-12 | 4 | 2175 | 625 | 3.51 | 27 |
| 2026-05-13 | 4 | 2175 | 625 | 3.51 | 28 |
| 2026-05-14 | 4 | 2175 | 625 | 3.51 | 29 |
| 2026-05-15 | 5 | 2160 | 630 | 3.45 | 24 |
| 2026-05-16 | 5 | 2160 | 630 | 3.45 | 25 |
| 2026-05-17 | 5 | 2160 | 630 | 3.45 | 26 |
| 2026-05-18 | 5 | 2160 | 630 | 3.45 | 27 |
| 2026-05-19 | 5 | 2160 | 630 | 3.45 | 28 |
| 2026-05-20 | 5 | 2160 | 630 | 3.45 | 29 |
| 2026-05-21 | 5 | 2160 | 630 | 3.45 | 30 |
| 2026-05-22 | 6 | 2150 | 617 | 3.51 | 26 |
| 2026-05-23 | 6 | 2150 | 617 | 3.51 | 27 |
| 2026-05-24 | 5 | 2200 | 630 | 3.52 | 26 |
| 2026-05-25 | 5 | 2200 | 630 | 3.52 | 27 |
| 2026-05-26 | 4 | 2050 | 575 | 3.58 | 28 |
| 2026-05-27 | 4 | 2050 | 575 | 3.58 | 29 |
| 2026-05-28 | 4 | 2050 | 575 | 3.58 | 30 |
| 2026-05-29 | 4 | 2050 | 575 | 3.58 | 31 |
| 2026-05-30 | 4 | 2050 | 575 | 3.58 | 32 |
| 2026-05-31 | 4 | 2050 | 575 | 3.58 | 33 |
| 2026-06-01 | 4 | 2050 | 575 | 3.58 | 34 |
| 2026-06-02 | 4 | 2050 | 575 | 3.58 | 35 |
| 2026-06-03 | 4 | 2050 | 575 | 3.58 | 36 |
| 2026-06-04 | 4 | 2050 | 575 | 3.58 | 37 |
| 2026-06-05 | 4 | 2050 | 575 | 3.58 | 38 |
| 2026-06-06 | 4 | 2050 | 575 | 3.58 | 39 |
| 2026-06-07 | 4 | 2050 | 575 | 3.58 | 40 |
| 2026-06-08 | 4 | 2050 | 575 | 3.58 | 41 |
| 2026-06-09 | 4 | 2050 | 575 | 3.58 | 42 |
| 2026-06-10 | 4 | 2050 | 575 | 3.58 | 43 |
| 2026-06-11 | 3 | 2033 | 550 | 3.70 | 49 |
| 2026-06-12 | 3 | 2033 | 550 | 3.70 | 50 |
| 2026-06-13 | 3 | 2033 | 550 | 3.70 | 51 |
| 2026-06-14 | 3 | 2033 | 550 | 3.70 | 52 |
| 2026-06-15 | 3 | 2033 | 550 | 3.70 | 53 |
| 2026-06-16 | 2 | 2000 | 550 | 3.64 | 54 |
| 2026-06-17 | 2 | 2000 | 550 | 3.64 | 55 |
| 2026-06-18 | 1 | 1900 | 550 | 3.45 | 85 |
| 2026-06-19 | 1 | 1900 | 550 | 3.45 | 86 |
| 2026-06-20 | 1 | 1900 | 550 | 3.45 | 87 |
| 2026-06-21 | 1 | 1900 | 550 | 3.45 | 88 |
| 2026-06-22 | 1 | 1900 | 550 | 3.45 | 89 |
| 2026-06-23 | 1 | 1900 | 550 | 3.45 | 90 |
| 2026-06-24 | 1 | 1900 | 550 | 3.45 | 91 |
| 2026-06-25 | 1 | 1900 | 550 | 3.45 | 92 |
| 2026-06-26 | 1 | 1900 | 550 | 3.45 | 93 |
| 2026-06-27 | 1 | 1900 | 550 | 3.45 | 94 |
| 2026-06-28 | 1 | 1900 | 550 | 3.45 | 95 |
| 2026-06-29 | 1 | 1900 | 550 | 3.45 | 96 |
| 2026-07-08 | 1 | 2050 | 650 | 3.15 | N/A |
| 2026-07-09 | 1 | 2050 | 650 | 3.15 | 1 |
| 2026-07-10 | 1 | 2050 | 650 | 3.15 | 2 |
| 2026-07-11 | 1 | 2050 | 650 | 3.15 | 3 |
| 2026-07-12 | 1 | 2050 | 650 | 3.15 | 4 |
| 2026-07-13 | 1 | 2050 | 650 | 3.15 | 5 |
12-Month Market Dynamics & Trend Trajectory
The Manderley's lifetime average lease rent of $2,008 per month and $3.38 per square foot sit 18% below the Scarborough South submarket average lease rent of $2,450 and 16.3% below the submarket average rate of $4.17 per square foot. This positioning places the building in a value-oriented tier within its submarket, likely reflecting suite sizes averaging 600 square feet that undercut the submarket's implied 646-square-foot benchmark. Pricing discipline at The Manderley shows tenants capturing modest concessions: 33.3% of closed leases settled below asking with an average discount of $25 per month (1.23%), generating $300 in annualized tenant savings per unit. The remaining leases closed at asking, indicating landlords maintained firm pricing on two-thirds of transactions while conceding a small margin where tenants pushed back. This pattern reflects tenant-favorable leverage in a submarket where the building trades at a meaningful discount to local benchmarks.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 1 | 2150 | 750 | 2.87 | 4 |
| 2026-05-10 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 1 | 1900 | 550 | 3.45 | 38 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 2 | 2050 | 550 | 3.73 | 41 |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 1 | 1850 | 550 | 3.36 | 97 |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 1 | 2050 | 650 | 3.15 | 6 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
The Manderley at 2 Manderley Drive, a 194-suite building completed in 2024 in Scarborough South, sits within a tight competitive cluster along Kingston Road and Clonmore Drive. Three nearby peers recorded closed lease transactions over the trailing 180 days: Upper Beach Club at 1400 Kingston Rd (0.31 km, built 2022) logged 89 closed leases; The Residences at the Hunt Club at 1350 Kingston Rd (0.52 km, built 2020) recorded 2 closed leases; and Hunt Club Terrace at 1340 Kingston Road / 2A Queensbury Avenue (0.57 km, built 2017) closed 1 lease. A fourth building, Clonmore Urban Towns at 168 Clonmore Drive (0.62 km, built 2022), recorded zero closed leases in the same window and serves only as an architectural and amenity reference rather than an active pricing benchmark. The active peer set spans a seven-year construction window from 2017 to 2024, placing The Manderley at the newest end of this immediate pocket. Against the three-transaction comp set, the overall benchmark averages $2,859 per month in realized rent, $3.63 per square foot, and 834 square feet of interior space. The Manderley's all-time realized average of $2,008 per month and $3.38 per square foot across 600-square-foot suites positions it as a notably more compact and lower-rent offering than the submarket mean. The building's 600-square-foot median footprint is roughly 28 percent smaller than the comp average of 834 square feet, meaning the lower nominal rent is substantially a function of reduced interior scale rather than a weaker per-square-foot valuation. At $3.38 per square foot, The Manderley also sits below the $3.63 comp average, reinforcing a value-oriented positioning for renters prioritizing monthly cash flow over suite size.
1340 Kingston Road / 2A Queensbury Avenue, Scarborough
Comparable Analysis & Questions
How do rental rates at The Manderley compare to neighbouring buildings within Scarborough South?
The Manderley's all-time average realized lease rent of $2,008 per month sits $851 below the three-comp benchmark of $2,859, with every active competitor pricing above the subject. Upper Beach Club at 1400 Kingston Rd (0.31 km, 89 closed leases) averaged $2,528 per month at $4.65 per square foot across 553-square-foot suites; The Residences at the Hunt Club at 1350 Kingston Rd (0.52 km, 2 closed leases) averaged $2,800 per month at $3.30 per square foot across 850-square-foot suites; and Hunt Club Terrace at 1340 Kingston Road (0.57 km, 1 closed lease) averaged $3,250 per month at $2.95 per square foot across 1,100-square-foot suites. Clonmore Urban Towns at 168 Clonmore Drive (0.62 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for comparison.
Does The Manderley offer a competitive price-per-square-foot ($/SF) against local comparables?
The Manderley leases at $3.38 per square foot across an average 600-square-foot suite, trading below the comp-set average of $3.63 per square foot and 834 square feet, which frames the building as a compact, lower-rent alternative in this Kingston Road pocket. Against Upper Beach Club, The Manderley trades at a $1.27 per square foot (27.3 percent) discount while providing 47 more interior square feet, so the $520-per-month rent gap reflects both a lower per-square-foot rate and a modestly larger footprint rather than a weaker asset valuation. Against The Residences at the Hunt Club, the subject commands a $0.08 per square foot (2.4 percent) premium yet provides 250 fewer interior square feet, meaning the $792-per-month lower rent is driven entirely by the smaller suite footprint rather than a discount in per-square-foot pricing. Against Hunt Club Terrace, The Manderley commands a $0.43 per square foot (14.6 percent) premium while providing 500 fewer interior square feet, so the $1,242-per-month rent differential is a direct consequence of the subject's compact layout rather than any devaluation of the building's per-square-foot rate.
How do building age, amenities, and developer reputation impact rent spreads?
The Manderley offers a 16-feature amenity suite that materially outpaces every nearby competitor in lifestyle breadth, including a Business Centre, Fireplace Lounge, Games & Billiards Room, Kids' Play Room (indoor), Meditation Patios, Pet Wash Station, and a Dining Room & Kitchen. Upper Beach Club (1400 Kingston Rd) provides only six amenities—Gym & Fitness Centre, Yoga Studio, Rooftop Terrace, BBQ Area, Party & Lounge Room, and Concierge & Security—lacking the subject's business, wellness-meditation, children's indoor play, and pet-care facilities. The Residences at the Hunt Club (1350 Kingston Rd) adds a Meeting Room to that core set but still omits the Fireplace Lounge, Games & Billiards Room, Meditation Patios, Pet Wash Station, and both children's play spaces. Hunt Club Terrace (1340 Kingston Road) carries just three amenities—BBQ Area, Concierge & Security, and Shared Laundry Room—making it the thinnest offering in the cluster. Clonmore Urban Towns (168 Clonmore Drive), with zero recent lease activity, lists a Garden & Courtyard and outdoor playground but no gym, business centre, or indoor play room. The Manderley's package best serves young families and remote-working professionals who want a full-service residential experience—pet-friendly amenities, dedicated children's spaces, meditation and wellness programming, and on-site business facilities—without stepping into the larger, higher-rent suites available at the Kingston Road peers.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around The Manderley.
Residential Buildings in the Vicinity
- Upper Beach Club315 m
- The Residences at the Hunt Club524 m
- Hunt Club Terrace568 m
- Clonmore Urban Towns624 m
- Clonmore Urban Towns628 m
- Clonmore Urban Towns629 m
- Terrasse at the Hunt Club648 m
- Terrace on Danforth703 m
- The Towns on Danforth835 m
- Falling Brook1.1 km
- Courcelette1.2 km
- Kingston & Co.1.3 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Manderley.
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.