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Market Data as of August 31, 2026

Tea Garden Condos — Rental Market Data

2 Teagarden Crt, North York, Ontario M2N 0L6
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom + Den
1
$2,500

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2025
Total Suites128
DeveloperPhantom Developments

Tea Garden Condos at 2 Teagarden Crt in North York's Willowdale submarket is a 128-suite residential building developed by Phantom Developments with an estimated completion year of 2025. As of August 31, 2026, the building carries one active listing out of its total inventory, representing a 0.8 percent availability rate. Leasing activity over the trailing 90 days produced five closed leases at an average of $2,740 per month with an 11-day average time on market, while the full-year record shows seven leases averaging $2,764 per month. No leases closed in the most recent 30-day window, and the building sits in its initial occupancy phase.

The single active suite asks $2,500 per month at 549 square feet, translating to $4.55 per square foot—materially higher than the realized 90-day lease rate of $3.88 per square foot and the all-time average of $3.87 per square foot. This premium per-square-foot rate is offset by a notably compact footprint: the active listing is 170 square feet smaller than the 719-square-foot average across all historical leases. Against the Willowdale submarket asking benchmark of $3.84 per square foot, Tea Garden Condos' active rate runs 18.5 percent above the area norm, a gap fully explained by the suite's reduced size rather than a pricing anomaly.

Marketing friction at Tea Garden Condos remains low, with the active listing sitting on market for 13 days compared to the Willowdale submarket average of 29 days. Across all seven tracked closed leases, tenants secured an average concession of $36 per month, or 1.32 percent below asking, with 28.6 percent of transactions closing under the initial list price—equivalent to roughly $432 in annual savings per unit. Inventory depth is extremely thin: the sole available unit is a one-bedroom plus den, leaving no multi-bedroom options currently on the market. Renters seeking two-bedroom or larger layouts at this address must wait for additional units to enter the pipeline or turn to the 25 active listings across the broader Willowdale submarket.

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Active Rental Inventory & Asking Rates

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

Active Units1
0
Avg Asking Rent$2,500
-$550 (18.0%)
Avg Suite Size549 sf
-251 sf (31.4%)
Avg Days on Market13d
+6d (85.7%)
Avg Asking $/SF$4.55
+$0.74 (19.4%)

Active Market Insights & Questions

How has rental availability changed at Tea Garden Condos recently?

Tea Garden Condos has one active listing as of August 31, 2026, priced at a flat $2,500 per month with no spread between minimum and maximum asking rents. The available suite measures 549 square feet at an asking rate of $4.55 per square foot, and it is the building's only current option. This single listing is a one-bedroom plus den configuration, meaning 100 percent of active inventory sits in the compact entry-level tier with no two-bedroom or executive layouts currently available to renters.

What floor plans and unit layouts are currently available at Tea Garden Condos?

The sole active layout at Tea Garden Condos is a one-bedroom plus den, representing 100 percent of the building's current inventory with one unit listed. That single listing asks $2,500 per month across 549 square feet at $4.55 per square foot, and no other bedroom tiers—two-bedroom, three-bedroom, or studio—are available for lease at this time. Renters seeking alternative configurations must look to the broader Willowdale submarket, which holds 25 active listings across multiple building types.

What is the average asking rent and $/SF by suite size at Tea Garden Condos?

Tea Garden Condos carries a single active listing at $2,500 per month, so the minimum entry rent, peak asking rent, and dollar spread all resolve to the same figure with zero percentage spread. The median asking rent is likewise $2,500 per month. The entry-level and peak suite are the same unit: a one-bedroom plus den at 549 square feet and $4.55 per square foot, leaving no internal price gradient for renters to navigate within this building.

How much extra do parking spaces and dens cost at Tea Garden Condos?

Tea Garden Condos does not have a quantified den premium or square-footage delta for its active inventory, as the single available unit is already a one-bedroom plus den with no comparable den-less listing to isolate the marginal cost. Parking stall pricing cannot be reliably isolated at this building; the paired sample is insufficient or contains anomalous outliers, so no specific monthly parking fee can be quoted with confidence. Renters should confirm current parking availability and associated costs directly with the leasing office before signing a lease.

How do asking rents at Tea Garden Condos compare to local and municipal benchmarks?

Tea Garden Condos' active asking rent of $2,500 per month sits $284 below the Willowdale submarket average asking rent of $2,784, while its $4.55 per-square-foot rate runs 18.5 percent above the submarket asking benchmark of $3.84 per square foot. The lower nominal rent is entirely a function of suite size: the active unit's 549 square feet is 176 square feet smaller than the submarket implied average of 725 square feet, so renters are paying a higher per-square-foot rate for a more compact footprint. Tea Garden Condos accounts for one out of 25 active listings in the Willowdale submarket, or four percent of total available inventory.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$2,000
Avg Suite Size400 sf
Avg Days on Market11d
Delisted $/SF$5.00

De-Listed Market Analysis & Questions

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

Tea Garden Condos logged one delisted unit (terminated), zero expired, and zero suspended listings, representing a 14.3% delisted-to-lifetime-leased ratio given zero 30-day lease volume. This single terminated listing is a minor friction data point in a seven-lease history and does not signal a systemic overpricing or demand problem at the building level.

How do asking prices on de-listed suites compare to executed leases and active listings at Tea Garden Condos?

Tea Garden Condos' delisted unit asked $2,000 per month, which is $740 per month below the 90-day realized lease average of $2,740 per month nominally, driven by a compact suite footprint. However, that delisted listing commanded $5.00 per square foot versus the $3.87 per square foot realized lease average, a $1.13 per square foot premium that signals tenant resistance to high-density pricing on smaller units. The nominal dollar gap is a footprint artifact, not an overpricing signal; the per-square-foot inversion is the meaningful market read.

What market friction causes rental listings to stall or de-list at Tea Garden Condos?

Tea Garden Condos' single delisted unit sat on market for 11 days before termination, which is 13 days shorter than the 24-day average realized lease DOM. Because the delisted DOM is below the lease average, there is no excess marketing carry to quantify; the landlord pulled the listing early rather than letting it run its full cycle. The 11-day vacancy carry at $2,000 per month represents roughly $733 in lost rent plus ongoing condo maintenance fees for that brief window.

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)
2026-04-27425387673.3747
2026-04-28425387673.3748
2026-04-29526207633.4839
2026-04-30526207633.4840
2026-05-01526207633.4841
2026-05-02426007753.4131
2026-05-03426007753.4132
2026-05-04426007753.4133
2026-05-05426007753.4134
2026-05-06426007753.4135
2026-05-07426007753.4136
2026-05-08426007753.4137
2026-05-09426007753.4138
2026-05-10329677503.9630
2026-05-11229757503.9740
2026-05-12229757503.9741
2026-05-13229757503.9742
2026-05-14229757503.9743
2026-05-15328336834.1929
2026-05-16328336834.1930
2026-05-17328336834.1931
2026-05-18328336834.1932
2026-05-19328336834.1933
2026-05-20227506504.2914
2026-05-21227506504.2915
2026-05-22125505494.647
2026-05-23125505494.648
2026-05-24125505494.649
2026-05-25220257003.205
2026-05-26220257003.206
2026-05-27220257003.207
2026-05-28220257003.208
2026-05-29220257003.209
2026-05-30220257003.2010
2026-05-31220257003.2011
2026-06-01220257003.2012
2026-06-02220257003.2013
2026-06-03220257003.2014
2026-06-04220257003.2015
2026-06-05220257003.2016
2026-06-06220257003.2017
2026-06-07220257003.2018
2026-06-08220257003.2019
2026-06-09220257003.2020
2026-06-10220257003.2021
2026-06-11322006833.4415
2026-06-12322006833.4416
2026-06-13322006833.4417
2026-06-14322006833.4418
2026-06-15322006833.4419
2026-06-16322006833.4420
2026-06-17424507123.5816
2026-06-18424507123.5817
2026-06-19525607403.5714
2026-06-20525607403.5715
2026-06-21525607403.5716
2026-06-22525607403.5717
2026-06-23626087363.6415
2026-06-24626087363.6416
2026-06-25626087363.6417
2026-06-26626087363.6418
2026-06-27626087363.6419
2026-06-28626087363.6420
2026-06-29525307133.6623
2026-06-30525307133.6624
2026-07-01525307133.6625
2026-07-02324177333.4734
2026-07-03324177333.4735
2026-07-04324177333.4736
2026-07-05324177333.4737
2026-07-06324177333.4738
2026-07-07324177333.4739
2026-07-08324007333.4422
2026-07-09324007333.4423
2026-07-10324007333.4424
2026-07-11324007333.4425
2026-07-12324007333.4426
2026-07-13324007333.4427
2026-07-14324007333.4428
2026-07-15324007333.4429
2026-07-16223508252.8841
2026-07-17223508252.8842
2026-07-18223508252.8843
2026-07-19223508252.8844
2026-07-20223508252.8845
2026-07-21130508003.81N/A
2026-07-22130508003.811
2026-07-23130508003.812
2026-07-24130508003.813
2026-07-25130508003.814
2026-07-26130508003.815
2026-07-27130508003.816
2026-07-28130508003.817
2026-08-10113507501.80N/A
2026-08-11113507501.801
2026-08-12113507501.802
2026-08-13113507501.803
2026-08-14113507501.804
2026-08-15113507501.805
2026-08-16113507501.806
2026-08-17216755753.404
2026-08-18319505663.783
2026-08-19319505663.784
2026-08-20319505663.785
2026-08-21319505663.786
2026-08-22319505663.787
2026-08-23319505663.788
2026-08-24319505663.789
2026-08-25222504754.788
2026-08-26222504754.789
2026-08-27222504754.7810
2026-08-28125005494.5510
2026-08-29125005494.5511
2026-08-30125005494.5512
2026-08-31125005494.5513

12-Month Market Dynamics & Trend Trajectory

Tea Garden Condos realized an average lease of $2,764 per month at $3.87 per square foot across seven tracked leases, positioning the building $73 per month below the Willowdale submarket average of $2,837 but $0.14 per square foot (approximately 3.8%) above the submarket rate of $3.73 per square foot. This combination—slightly below-market nominal rent with a modest per-square-foot premium—indicates the building's suite mix skews toward smaller footprints that clear at a tighter density than the broader Willowdale inventory. On pricing discipline, 28.6% of tracked leases (two of seven) closed below asking, with tenants capturing an average $36 per month (1.32%) concession and $432 in annualized savings per unit. The remaining 71.4% settled at or near the listed price, confirming that landlord concessions are targeted and modest rather than a blanket discount strategy. The net negotiation spread of -$36 per month is a tenant-favorable outcome reflecting early-occupancy leverage, not a structural inability to hold asking prices.

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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)
2026-04-26127007163.7785
2026-05-030N/AN/AN/AN/A
2026-05-100N/AN/AN/AN/A
2026-05-17129507503.9325
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-28327507393.7413
2026-07-050N/AN/AN/AN/A
2026-07-12124005494.378
2026-07-190N/AN/AN/AN/A
2026-07-26130508003.818

Nearby Building Rental Comparables & Price Spreads

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

Tea Garden Condos at 2 Teagarden Crt sits in a tightly clustered Willowdale pocket where four nearby competitors span a 20-year construction window, from Bayview Mansions II (built in 2005, 1 Clairtrell Rd, 0.21 km) through Arc Condominiums (built in 2009, 2885 Bayview Ave, 0.08 km), Twenty One Clairtrell (built in 2013, 21 Clairtrell Rd, 0.16 km), and Jade Condominiums (built in 2014, 399 Spring Garden Ave, 0.07 km). All four recorded active lease volume over the trailing 180 days—Jade closed 12 leases, Arc closed 19, Twenty One Clairtrell closed 5, and Bayview Mansions II closed 6—making each a live pricing benchmark rather than a static architectural reference. The subject, with an estimated 2025 completion by Phantom Developments and 128 suites, enters this micro-market as the newest asset, competing directly against buildings that are 11 to 20 years older in both finishes and common-area programming. The four-comparable benchmark averages $2,641 per month in realized rent, $4.43 per square foot, and 653 square feet of interior space. Tea Garden Condos' all-time realized lease data shows an average rent of $2,764 per month at $3.87 per square foot across 719 square feet of suite area. That combination places the subject $123 above the comp average on nominal monthly rent while simultaneously trading $0.56 per square foot below the comp rate and delivering 66 additional square feet of interior footprint. The subject's larger suite size is the primary driver of its higher absolute rent, not a per-unit-area premium; against the submarket-wide leased benchmark of $3.73 per square foot, the subject's $3.87 rate carries a modest 4 percent uplift, consistent with its 2025 build date and expanded amenity suite.

399 Spring Garden Ave, North York

Avg Asking$2,511/mo
Avg $/SF$4.14
Rent Spread:
+$11/mo (+0.4%) Higher

2885 Bayview Ave, North York

Avg Asking$2,389/mo
Avg $/SF$3.95
Rent Spread:
-$111/mo (-4.4%) Lower

21 Clairtrell Rd, North York

Avg Asking$2,715/mo
Avg $/SF$3.58
Rent Spread:
+$215/mo (+8.6%) Higher

1 Clairtrell Rd, North York

Avg Asking$3,004/mo
Avg $/SF$5.26
Rent Spread:
+$504/mo (+20.2%) Higher

2 Clairtrell Rd, North York

Avg Asking$2,790/mo
Avg $/SF$4.21
Rent Spread:
+$290/mo (+11.6%) Higher
Lotus348 m

7 Kenaston Gdns, North York

Avg Asking$2,444/mo
Avg $/SF$3.87
Rent Spread:
-$56/mo (-2.3%) Lower

Comparable Analysis & Questions

How do rental rates at Tea Garden Condos compare to neighbouring buildings within Willowdale?

Tea Garden Condos realized an average lease rent of $2,764 per month across its closed transactions, which sits $123 above the four-comparable benchmark of $2,641 and below the broader Willowdale submarket average of $2,837. Among active competitors, Jade Condominiums at 399 Spring Garden Ave (0.07 km, 12 closed leases) averaged $2,512 per month at $4.17 per square foot over 625 square feet; Arc Condominiums at 2885 Bayview Ave (0.08 km, 19 closed leases) averaged $2,338 per month at $3.93 per square foot over 608 square feet; Twenty One Clairtrell at 21 Clairtrell Rd (0.16 km, 5 closed leases) averaged $2,480 per month at $3.55 per square foot over 700 square feet; and Bayview Mansions II at 1 Clairtrell Rd (0.21 km, 6 closed leases) averaged $3,232 per month at $6.08 per square foot over 677 square feet. Every comparable in this set recorded at least five closed lease transactions over the trailing 180 days, so each figure represents a realized market price rather than an asking-level estimate.

Does Tea Garden Condos offer a competitive price-per-square-foot ($/SF) against local comparables?

Tea Garden Condos leases at $3.87 per square foot across an average 719-square-foot suite, positioning it below the comp-set average of $4.43 per square foot while offering 66 more interior square feet than the 653-square-foot comp mean. Against Jade Condominiums, the subject trades at a $0.30 per square foot (7.2 percent) discount while providing 94 more interior square feet, meaning the $252-per-month higher nominal rent is entirely a function of the larger footprint rather than a per-area premium. Arc Condominiums presents a tighter spread: the subject trades at a $0.06 per square foot (1.5 percent) discount and delivers 111 more square feet, yet still commands $426 more per month in absolute rent because of that additional space. Twenty One Clairtrell is the one comp where the subject carries a $0.32 per square foot (9.0 percent) premium, though the 19-square-foot size advantage means the $284 monthly delta reflects both rate and footprint. Bayview Mansions II stands apart at $6.08 per square foot; the subject trades at a $2.21 per square foot (36.3 percent) discount and provides 42 more square feet, resulting in a $468-per-month lower rent that reflects both the older 2005 build and the significantly higher per-area rate at that address.

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

Tea Garden Condos offers a 12-item amenity package that includes a Hot Tub & Jacuzzi, EV Charging Station, Tea Room, and Dry Cleaning Service—features that collectively distinguish it from every nearby competitor. Jade Condominiums (399 Spring Garden Ave) and Twenty One Clairtrell (21 Clairtrell Rd) both lack a hot tub, EV charging, and any dedicated tea or concierge-service offering; Bayview Mansions II (1 Clairtrell Rd) similarly omits EV infrastructure and the tea-room concept. Arc Condominiums (2885 Bayview Ave) is the closest rival on wellness, matching the subject's Hot Tub & Jacuzzi and adding an Indoor Pool, Yoga Studio, Sauna & Steam Room, and Business Centre, but it does not include EV charging, a Tea Room, or Dry Cleaning Service. The subject's EV Charging Station and Tea Room are genuinely absent from all four competitors, while the Dry Cleaning Service is a concierge-level convenience none of the nearby buildings replicate. This lifestyle package—blending aquatic wellness, remote-work meeting space, pet-adjacent outdoor BBQ and rooftop terrace, and on-site service conveniences—targets young professional couples and small households in the 28-to-45 range who prioritize turnkey convenience, electric-vehicle readiness, and a curated social environment over the raw square-footage maximization that older Willowdale buildings emphasize.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Tea Garden Condos.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • BBQ Area
  • Rooftop Terrace
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • Hot Tub & Jacuzzi
  • EV Charging Station
  • Dining Room & Kitchen
  • Tea Room
  • Dry Cleaning Service

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Tea Garden Condos.

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.