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Market Data as of August 31, 2026

Waterfront Lighthouse East Tower — Rental Market Data

20 Richardson St, Toronto, Ontario M5A 0S6
Quick Rent Estimate
Active Suites4 Available
Type
Units
Avg Rent
Studio
2
$1,950
1-Bedroom + Den
1
$2,750
2-Bedroom
1
$3,150

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2020
Total Suites426
DeveloperDaniels Corporation

Waterfront Lighthouse East Tower at 20 Richardson St in Toronto's East Bayfront neighborhood is a 426-suite established residential building completed in 2020 by Daniels Corporation, currently exhibiting 4 active listings for an availability rate of 0.9%. The building recorded 27 closed leases over the past 90 days averaging 24 days on market, alongside a 30-day closed count of 9 transactions averaging 30 days on market.

Current active asking rents average $2,450 per month at $4.74 per square foot, tracking close to the 90-day realized lease average of $2,394 per month at $4.61 per square foot, while active suites span an average of 525 square feet compared to the all-time leased average of 530 square feet, positioning the building's active asking rate per square foot 1.9% above the submarket asking benchmark of $4.65 per square foot.

Marketing friction remains low with unrented units experiencing an average of 38 days on market before being pulled while overpricing at an average of $2,800 per month, whereas successful historical leases averaged an average tenant discount of $12 per month (0.64% below asking); meanwhile, prospective tenants will find Studio layouts offering the deepest selection with 2 active listings while 1-Bedroom plus Den and 2-Bedroom configurations are restricted to single-unit availability.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Waterfront Lighthouse East Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units4
-3 (42.9%)
Avg Asking Rent$2,450
+$121 (5.2%)
Avg Suite Size525 sf
+32 sf (6.6%)
Avg Days on Market7d
-16d (71.7%)
Avg Asking $/SF$4.74
-$0.04 (0.9%)

Active Market Insights & Questions

How has rental availability changed at Waterfront Lighthouse East Tower recently?

Waterfront Lighthouse East Tower has 4 active listings as of August 31, 2026, offering a price range of $1,900 to $3,150 per month with an average asking rent of $2,450 per month and a median asking rent of $2,375 per month. Active inventory features an average size of 525 square feet and an average asking rate of $4.74 per square foot, where Studios command a dominant 50% share of the available inventory. The current active lineup leans heavily toward compact entry-level suites while maintaining single-listing representation across larger 1-Bedroom plus Den and 2-Bedroom configurations.

What floor plans and unit layouts are currently available at Waterfront Lighthouse East Tower?

Studio layouts represent the dominant active layout at Waterfront Lighthouse East Tower, accounting for 2 listings and a 50% share of available inventory with an average asking rent of $1,950 per month across an average of 400 square feet at $4.88 per square foot. The building also features a single 1-Bedroom plus Den listing asking $2,750 per month across 550 square feet at $5.00 per square foot. Rounding out the selection is a single 2-Bedroom suite listed at $3,150 per month across 750 square feet at $4.20 per square foot.

What is the average asking rent and $/SF by suite size at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower carries a minimum entry rent of $1,900 per month and a peak asking rent of $3,150 per month, generating a dollar spread of $1,250 and a percentage spread of 65.8%. The median asking rent sits at $2,375 per month, anchored by the entry-level Studio suite spanning 400 square feet at an asking rate of $4.75 per square foot. At the upper end of the pricing spectrum, the peak 2-Bedroom suite commands the maximum rent across 750 square feet at an asking rate of $4.20 per square foot.

How much extra do parking spaces and dens cost at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower active den premium data is currently unavailable as active den premiums, square footage deltas, and marginal per square foot costs cannot be reliably isolated from current listings. Active parking premiums similarly lack sufficient paired sample data for isolation. Consequently, parking stall costs cannot be reliably quantified from active listings without an adequate sample size.

How do asking rents at Waterfront Lighthouse East Tower compare to local and municipal benchmarks?

Waterfront Lighthouse East Tower asks an average of $2,450 per month at $4.74 per square foot, comparing favorably to the broader East Bayfront submarket asking rent of $3,234 per month while trading at a 1.9% premium over the submarket asking rate of $4.65 per square foot. The lower nominal monthly rent observed in the building is driven by more compact suite sizing rather than cheaper unit pricing. The building currently represents 5.7% of the submarket's 70 active listings.

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 Waterfront Lighthouse East Tower (Data period: For the month of August 2026).

Units Leased9
Avg Leased Price$2,489
Avg Leased Size530 sf
Avg Days to Lease30d
Leased $/SF$4.56

Leased Transaction Insights & Questions

How many suites were leased at Waterfront Lighthouse East Tower last month, and how fast did they rent?

Waterfront Lighthouse East Tower recorded a 30-day average days on market of 30 days and a 90-day average days on market of 24 days, compared to the East Bayfront submarket benchmark of 24 days. Transaction velocity tracked 9 leases in the past 30 days, 27 leases over the trailing 90 days, and 39 total closed leases over the past year. Leasing turnover accelerated during the summer months as seasonal inventory expanded.

What is the negotiation spread between asking rents and closed lease prices at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower recorded an average tenant discount of $12 per month, representing a 0.64% reduction below asking price and annual tenant savings of $144 per year. Across the tracked leasing history, 20.5% of transactions closed below asking price, while the remaining inventory settled at asking, reflecting tenant-favorable market leverage.

What are typical executed lease prices across different layouts at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower anchored its leasing volume with 15 Studio units averaging $1,924 per month over 28 days on market, and 10 Two-Bedroom suites averaging $3,070 per month over 26 days on market. Eight One-Bedroom suites averaged $2,088 per month across a limited sample size of 8 closed leases, with a median rent of $2,000 per month, a P25-P75 range of $1,900 to $2,288 per month, an average size of 443 square feet, $4.79 per square foot, and 12 days on market. Five One-Bedroom + Den suites averaged $2,500 per month across a limited sample size of 5 closed leases, with a median rent of $2,500 per month, a P25-P75 range of $2,400 to $2,600 per month, an average size of 577 square feet, $4.36 per square foot, and 28 days on market. One Two-Bedroom + Den transaction represented an individual single deal rather than a broad statistical benchmark, averaging $3,300 per month across 850 square feet at $3.88 per square foot over 10 days on market (note that this represents an individual transaction rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower achieved a verified realized parking premium of $72 per month for leased suites with parking spots. Parking rights were typically bundled into larger multi-bedroom floor plans rather than itemized across compact studio layouts. Active asking parking data remained inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at Waterfront Lighthouse East Tower reflect current tenant demand?

Waterfront Lighthouse East Tower experienced a steady upward climb in average monthly rents from spring through late summer. In April 2026, 6 units leased at an average of $2,325 per month ($4.20 per square foot) with a 25-day average days on market. In May 2026, 6 units leased at an average of $2,247 per month ($4.59 per square foot) with a 20-day average days on market. In June 2026, 8 units leased at an average of $2,288 per month ($4.48 per square foot) with a 22-day average days on market. In July 2026, 10 units leased at an average of $2,393 per month ($4.76 per square foot) with a 21-day average days on market. In August 2026, 9 units leased at a peak average of $2,489 per month ($4.56 per square foot) with a 30-day average days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$2,800
Avg Suite Size550 sf
Avg Days on Market38d
Delisted $/SF$5.09

De-Listed Market Analysis & Questions

How many listings de-listed at Waterfront Lighthouse East Tower, and what was their re-listing price compared to previous asking?

Waterfront Lighthouse East Tower recorded 1 delisted unit, representing a delisted-to-leased ratio of 11.1% based on 1 terminated listing, 0 expired listings, and 0 suspended listings. This indicates that roughly 1 listing was pulled for every 9 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower recorded an average delisted asking rent of $2,800 per month, representing a nominal spread of $311 per month above realized lease averages of $2,489 per month. Unrented units were overpriced relative to realized leases, featuring an asking rate of $5.09 per square foot compared to the realized lease average of $4.56 per square foot.

What market friction causes rental listings to stall or de-list at Waterfront Lighthouse East Tower?

Waterfront Lighthouse East Tower recorded an average days on market of 38 days for delisted units compared to 30 days for successfully leased units. The 8 excess marketing days translated into roughly a quarter-month of vacancy carry and unrented listing friction.

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
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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)
2026-04-27825105604.5311
2026-04-28725335694.5013
2026-04-29725335694.5014
2026-04-30924425484.5111
2026-05-01725005714.4213
2026-05-02725005714.4214
2026-05-03625255754.4417
2026-05-04625505754.4915
2026-05-05625505754.4916
2026-05-06625505754.4917
2026-05-07625505754.4918
2026-05-08625505754.4919
2026-05-09524605474.5517
2026-05-10524605474.5518
2026-05-11524605474.5519
2026-05-12524605474.5520
2026-05-13524605474.5521
2026-05-14323675284.5322
2026-05-15324835624.5120
2026-05-16324835624.5121
2026-05-17324835624.5122
2026-05-18324835624.5123
2026-05-19324506173.9413
2026-05-20324506173.9414
2026-05-21324506173.9415
2026-05-22324506173.9416
2026-05-23324506173.9417
2026-05-24324506173.9418
2026-05-25324506173.9419
2026-05-26324506173.9420
2026-05-27324506173.9421
2026-05-28324506173.9422
2026-05-29324506173.9423
2026-05-30324506173.9424
2026-05-31324506173.9425
2026-06-01425886503.9619
2026-06-02524506004.1216
2026-06-03722935434.3012
2026-06-04823755564.3312
2026-06-05724435794.2714
2026-06-06724435794.2715
2026-06-07724435794.2716
2026-06-08724435794.2717
2026-06-09724435794.2718
2026-06-10623505504.3121
2026-06-11623505504.3122
2026-06-12524505504.5022
2026-06-13524505504.5023
2026-06-14524505504.5024
2026-06-15524605504.5323
2026-06-16724715574.5017
2026-06-17623835424.4811
2026-06-18624005254.636
2026-06-19823194944.775
2026-06-20823194944.776
2026-06-21823194944.777
2026-06-22922724834.777
2026-06-231022854754.898
2026-06-241022854754.899
2026-06-251022854754.8910
2026-06-26922724834.7711
2026-06-27922724834.7712
2026-06-28922724834.7713
2026-06-29823194944.7713
2026-06-30823194944.7714
2026-07-01823194944.7715
2026-07-02823194944.7716
2026-07-03823194944.7717
2026-07-04823194944.7718
2026-07-05823194944.7719
2026-07-06823384944.8016
2026-07-071022554754.8014
2026-07-081022604754.8112
2026-07-091022604754.8113
2026-07-101122954824.8113
2026-07-111122954824.8114
2026-07-121023004904.7314
2026-07-131023004904.7315
2026-07-14923445004.7316
2026-07-15923445004.7317
2026-07-16823945124.7116
2026-07-17825315564.6213
2026-07-18925895674.6313
2026-07-19925895674.6314
2026-07-20925895674.6315
2026-07-21726145784.5916
2026-07-22925675554.6913
2026-07-231025005404.7013
2026-07-24924835394.6814
2026-07-25824135254.6816
2026-07-26824135254.6817
2026-07-27824135254.6818
2026-07-28824135254.6819
2026-07-29824135254.6820
2026-07-30723294934.7822
2026-07-31723294934.7823
2026-08-01824255374.6421
2026-08-02824255374.6422
2026-08-03824255374.6423
2026-08-04724935574.6124
2026-08-05925725744.5819
2026-08-06925725744.5820
2026-08-07825815774.5924
2026-08-08725075384.7227
2026-08-09725075384.7228
2026-08-10725075384.7229
2026-08-11725075384.7230
2026-08-12624085024.8227
2026-08-13624085024.8228
2026-08-14523704934.8423
2026-08-15523704934.8424
2026-08-16523704934.8425
2026-08-17523704934.8426
2026-08-18523704934.8427
2026-08-19523704934.8423
2026-08-20523704934.8424
2026-08-21424635254.7616
2026-08-22424635254.7617
2026-08-23424635254.7618
2026-08-24424635254.7619
2026-08-25424635254.7620
2026-08-26326175674.6816
2026-08-27326175674.6817
2026-08-28424635254.7613
2026-08-29323505174.656
2026-08-30424505254.746
2026-08-31424505254.747

12-Month Market Dynamics & Trend Trajectory

Waterfront Lighthouse East Tower has established a robust leasing history anchored by 39 lifetime transactions averaging $2,360 per month at $4.54 per square foot across an average suite size of 530 square feet. Average days on market stood at 24 days, demonstrating steady tenant turnover and consistent absorption across the Daniels Corporation development. Pricing discipline favored incoming residents, with roughly one-fifth of transactions closing below asking price. Tenants secured an average discount of $12 per month, translating to $144 in annual savings and highlighting modest pricing flexibility among landlords during the spring and summer leasing cycle.

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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)
2026-04-26222404684.8112
2026-05-03130007154.2039
2026-05-10220254754.3313
2026-05-17119503855.0633
2026-05-240N/AN/AN/AN/A
2026-05-31119004004.753
2026-06-07224006503.6417
2026-06-14324335674.3536
2026-06-21124004006.003
2026-06-28119004004.7526
2026-07-05224255254.6427
2026-07-12420064005.0226
2026-07-19326835674.7412
2026-07-26130007504.0013
2026-08-02325836004.4312
2026-08-09228506504.4357
2026-08-16323175054.6229
2026-08-23120004005.0035

Nearby Building Rental Comparables & Price Spreads

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

Waterfront Lighthouse East Tower at 20 Richardson St competes directly within the East Bayfront micro-market alongside four nearby residential developments completed between 2013 and 2025. The immediate competitive set includes Waterfront - Lighthouse Tower at 15 Lower Jarvis St (0.09 km away, completed in 2020, with 40 active leases), Quay House at 15 Richardson St (0.13 km away, completed in 2025, with 41 active leases), Sugar Wharf - East Tower at 138 Downes St (0.23 km away, completed in 2024, with 67 active leases), and Market Wharf at 1-3 Market St (0.24 km away, completed in 2013, with 19 active leases). These properties span a range of structural generations, contrasting the mature mid-rise layout of 2013 vintage Market Wharf with newer master-planned towers delivered through 2025. Positioned centrally within this peer group, Waterfront Lighthouse East Tower delivers balanced micro-market fundamentals with an average benchmark rent of $2,360 per month across a 530 square foot footprint, trading at $4.54 per square foot. This rate aligns closely with the overall competitive set average of $2,726 per month at $4.54 per square foot across an average of 623 square feet. The building's 2020 completion year places it in the established modern generation, offering renters an efficient midpoint between older developments and the newer 2024 and 2025 completions in the immediate vicinity.

15 Lower Jarvis St, Toronto

Avg Asking$2,736/mo
Avg $/SF$4.80
Rent Spread:
+$286/mo (+11.7%) Higher

15 Richardson St, Toronto

Avg Asking$2,486/mo
Avg $/SF$4.53
Rent Spread:
+$36/mo (+1.5%) Higher

138 Downes St, Toronto

Avg Asking$2,855/mo
Avg $/SF$4.54
Rent Spread:
+$405/mo (+16.5%) Higher

1-3 Market St, Toronto

Avg Asking$3,127/mo
Avg $/SF$4.47
Rent Spread:
+$677/mo (+27.6%) Higher

55 Cooper St, Toronto

Avg Asking$2,922/mo
Avg $/SF$4.49
Rent Spread:
+$472/mo (+19.2%) Higher
Monde323 m

12 - 16 Bonnycastle St, Toronto

Avg Asking$2,795/mo
Avg $/SF$4.11
Rent Spread:
+$345/mo (+14.1%) Higher

Comparable Analysis & Questions

How do rental rates at Waterfront Lighthouse East Tower compare to neighbouring buildings within East Bayfront?

Waterfront Lighthouse East Tower achieves an average lease rent of $2,360 per month, comparing to an overall competitive benchmark average of $2,726 per month across nearby properties including Waterfront - Lighthouse Tower, Quay House, Sugar Wharf - East Tower, and Market Wharf. Waterfront - Lighthouse Tower (15 Lower Jarvis St) reports an average lease rent of $2,793 per month at $4.77 per square foot across an average of 610 square feet. Quay House (15 Richardson St) records an average lease rent of $2,448 per month at $4.50 per square foot across 565 square feet. Sugar Wharf - East Tower (138 Downes St) leases at an average of $2,885 per month at $4.49 per square foot across 676 square feet. Market Wharf (1-3 Market St) logs an average lease rent of $2,779 per month at $4.41 per square foot across an average of 641 square feet.

Does Waterfront Lighthouse East Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Waterfront Lighthouse East Tower establishes its value proposition by offering an average leased rate of $4.54 per square foot across a 530 square foot average footprint, positioning it competitively against surrounding developments in the East Bayfront submarket. Renters evaluating Waterfront Lighthouse East Tower against Waterfront - Lighthouse Tower (610 square feet at $4.77 per square foot) benefit from a lower and more competitive rate per square foot while utilizing a compact interior footprint. When compared to Sugar Wharf - East Tower (676 square feet at $4.49 per square foot) and Market Wharf (641 square feet at $4.41 per square foot), the subject building delivers a compact, highly efficient layout that reduces absolute monthly rental burdens. Against Quay House (565 square feet at $4.50 per square foot), the building maintains parity in modern space efficiency while staying closely aligned with submarket pricing norms.

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

Waterfront Lighthouse East Tower delivers an extensive lifestyle and wellness amenity package that rivals or exceeds the offerings found across competing East Bayfront developments. The property features signature amenities including a dedicated Concierge & Security service, a fully equipped Gym & Fitness Centre, a specialized Yoga Studio, a recreational Basketball Court, and an expansive Rooftop Terrace. When contrasted with peers, Waterfront Lighthouse East Tower matches the outdoor activity focus of Waterfront - Lighthouse Tower while providing distinct recreational features like its own Basketball Court and Tennis & Pickleball Court. Unlike the business-centric focus at Quay House or the spin-and-pool setup at Sugar Wharf - East Tower, Waterfront Lighthouse East Tower leans into active communal living with hobby and music rooms that serve urban professionals and fitness-oriented residents alike.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Waterfront Lighthouse East Tower.

Building Amenities

  • Concierge & Security
  • Shared Laundry Room
  • Gym & Fitness Centre
  • Yoga Studio
  • Basketball Court
  • Tennis & Pickleball Court
  • Party & Lounge Room
  • Media & Theatre Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Hobby Room
  • Music Room
  • Bocce Ball Court

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Waterfront Lighthouse East 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.