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Market Data as of August 31, 2026

K Square — Rental Market Data

2031 & 2033 Kennedy Rd, Scarborough, Ontario
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
2-Bedroom
3
$2,750
1-Bedroom + Den
2
$2,275
1-Bedroom
1
$2,150
3-Bedroom+
1
$2,950

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2024
Total Suites658
DeveloperKingdom Developments

K Square, located at 2031 & 2033 Kennedy Rd within the Scarborough North submarket, is a newly completed residential development by Kingdom Developments featuring 658 suites delivered in 2024. Active operations show 7 current listings representing an availability rate of 1.1%, supported by a 90-day closed count of 53 leases averaging 23 days on the market, alongside a 30-day closed count of 17 leases averaging 18 days on the market.

Active asking rents average $2,557 per month at $3.73 per square foot across an average footprint of 698 square feet, running slightly higher than the 90-day realized lease average of $2,432 per month at $3.67 per square foot. Current active inventory leans toward larger suite configurations compared to historical leases, while the building's active asking rate per square foot tracks above the broader Scarborough North asking benchmark of $3.38 per square foot.

Leasing dynamics reflect a tenant-favorable environment where 37.9% of recent deals secured an average monthly discount of $33 below asking, while unrented listings spent 26 days on the market at an average asking rent of $2,550 per month, sitting above realized leases due to overpricing relative to market clearing thresholds. Prospective renters will find the deepest inventory selection concentrated within 2-Bedroom layouts, whereas 1-Bedroom and 3-Bedroom+ configurations maintain single-listing availability.

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Active Rental Inventory & Asking Rates

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

Active Units7
-4 (36.4%)
Avg Asking Rent$2,557
-$34 (1.3%)
Avg Suite Size698 sf
+6 sf (0.9%)
Avg Days on Market21d
+1d (7.2%)
Avg Asking $/SF$3.73
-$0.11 (2.8%)

Active Market Insights & Questions

How has rental availability changed at K Square recently?

K Square features 7 active listings as of August 31, 2026, offering a price range of $2,150 to $2,950 per month with an average asking rent of $2,557 per month and a median asking rent of $2,700 per month. Active suites average 698 square feet with an asking rate of $3.73 per square foot. The inventory is dominated by 2-Bedroom layouts, which hold a 42.9% share of available units, reflecting a balanced mix between mid-sized multi-bedroom homes and compact entry-level floor plans.

What floor plans and unit layouts are currently available at K Square?

The dominant active layout at K Square is the 2-Bedroom configuration, representing 3 units and 42.9% of available inventory at an average rent of $2,750 per month across 765 square feet for $3.60 per square foot. 1-Bedroom + Den suites comprise 2 listings or 28.6% of the active market, averaging $2,275 per month across 550 square feet at $4.14 per square foot. Meanwhile, the standard 1-Bedroom tier and the 3-Bedroom+ tier each account for a single active listing holding a 14.3% share, with the 1-Bedroom asking $2,150 per month across 550 square feet at $3.91 per square foot, and the 3-Bedroom+ asking $2,950 per month across 943 square feet at $3.13 per square foot.

What is the average asking rent and $/SF by suite size at K Square?

K Square exhibits a minimum entry rent of $2,150 per month and a peak asking rent of $2,950 per month, creating a total dollar spread of $800 or 37.2%. The median asking rent sits at $2,700 per month. Entry-level availability is anchored by a 1-Bedroom suite spanning 550 square feet at $3.91 per square foot, whereas the peak tier is represented by a 3-Bedroom+ suite spanning 943 square feet at $3.13 per square foot.

How much extra do parking spaces and dens cost at K Square?

K Square commands an active den premium of $125 per month for layouts featuring dedicated workspace. The square footage delta between den and non-den suites is 0 square feet, meaning den marginal square footage costs cannot be mathematically isolated from the data. Furthermore, active parking premium data is inconclusive due to an insufficient paired sample, preventing reliable isolation of stall fees.

How do asking rents at K Square compare to local and municipal benchmarks?

K Square asks an average monthly rent of $2,557 per month at $3.73 per square foot, comparing against the Scarborough North submarket asking benchmarks of $2,553 per month and $3.38 per square foot. The building's 10.4% premium in asking rate per square foot is driven by its modern 2024 completion and efficient suite sizing, while its 7 active listings account for 9.3% of the submarket's active inventory base of 75 units.

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 K Square (Data period: For the month of August 2026).

Units Leased17
Avg Leased Price$2,485
Avg Leased Size679 sf
Avg Days to Lease18d
Leased $/SF$3.75

Leased Transaction Insights & Questions

How many suites were leased at K Square last month, and how fast did they rent?

At K Square, leasing velocity hit an average of 18 days on market over the past 30 days, compared to 23 days over the trailing 90 days and a submarket benchmark of 28 days. Leasing turnover accelerated significantly over the summer months, recording 17 closed leases in the last 30 days and 53 closed leases across the last 90 days out of 66 total lifetime leases.

What is the negotiation spread between asking rents and closed lease prices at K Square?

At K Square, transactions settled with an average tenant discount of $33 per month, representing a 1.3% reduction below asking price and delivering $396 in annual tenant savings. Approximately 37.9% of leases closed under asking price, reflecting mild tenant leverage and landlord concessions in a competitive rental environment.

What are typical executed lease prices across different layouts at K Square?

The highest-volume anchor layouts at K Square are the 1-Bedroom + Den, which recorded 23 closed leases averaging $2,176 per month with an average of 21 days on market, and the 2-Bedroom layout, which recorded 22 closed leases averaging $2,609 per month with an average of 26 days on market. The 1-Bedroom tier achieved 10 closed leases with an average rent of $2,078 per month, a median of $2,088 per month, a P25-P75 range of $2,012 to $2,100 per month, an average size of 502 square feet, $4.21 per square foot, and 22 days on market as a robust sample. The 2-Bedroom + Den tier achieved 6 closed leases with an average rent of $2,767 per month, a median of $2,800 per month, a P25-P75 range of $2,762 to $2,800 per month, an average size of 750 square feet, $3.69 per square foot, and 18 days on market as a moderate sample. The 3-Bedroom+ tier achieved 5 closed leases with an average rent of $3,150 per month, a median of $3,100 per month, a P25-P75 range of $3,099 to $3,100 per month, an average size of 979 square feet, $3.22 per square foot, and 31 days on market as a moderate sample.

What measurable rent premium did suites with parking achieve in closed leases at K Square?

At K Square, paired parking data was insufficient to reliably isolate a distinct monthly parking premium for closed leases. Suite bundling patterns indicate that parking spaces are typically included or unbundled without separate line-item tracking in smaller floor plans. Active parking premium data remains inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at K Square reflect current tenant demand?

At K Square, overall rent followed an upward trajectory across the tracked monthly timeline from spring to late summer. In April 2026, 3 deals closed at an average rent of $2,617 per month, $3.55 per square foot, and 26 days on market. In May 2026, 10 deals closed at an average rent of $2,385 per month, $3.61 per square foot, and 26 days on market. In June 2026, 15 deals closed at an average rent of $2,370 per month, $3.56 per square foot, and 33 days on market. In July 2026, 21 deals closed at an average rent of $2,432 per month, $3.69 per square foot, and 19 days on market. In August 2026, 17 deals closed at an average rent of $2,485 per month, $3.75 per square foot, and 18 days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units3
Avg Asking Price$2,550
Avg Suite Size681 sf
Avg Days on Market26d
Delisted $/SF$3.83

De-Listed Market Analysis & Questions

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

At K Square, a total of 3 units were delisted, representing a delisted-to-leased ratio of 17.6% comprised entirely of 3 terminated listings with zero expired or suspended units. This points to a healthy market ratio where approximately 1 listing was pulled for every 6 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at K Square?

At K Square, unrented units asked an average of $2,550 per month, which is $65 per month above realized lease averages of $2,485 per month. Unrented units were overpriced relative to realized leases, displaying an asking rate of $3.83 per square foot compared to the realized lease benchmark.

What market friction causes rental listings to stall or de-list at K Square?

At K Square, delisted units averaged 26 days on market compared to 23 days for realized leases. This excess marketing duration of 8 days represents roughly a quarter-month of lost rental income plus ongoing condo maintenance fees, illustrating the carrying cost of overpricing.

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)
2026-04-271424056433.9033
2026-04-281524056363.9332
2026-04-291524056363.9333
2026-04-301423596203.9624
2026-05-011423596203.9625
2026-05-021423596203.9626
2026-05-031523756283.9325
2026-05-041723726313.9023
2026-05-051724076383.9122
2026-05-061924386553.8621
2026-05-071724196423.9122
2026-05-081724196423.9123
2026-05-091824766593.9023
2026-05-101824766593.9024
2026-05-112125046723.8619
2026-05-121925346803.8720
2026-05-131924656903.7621
2026-05-141924656903.7622
2026-05-151925027043.7523
2026-05-161925027043.7524
2026-05-172024927013.7423
2026-05-182024927013.7424
2026-05-191925087093.7326
2026-05-202025207113.7326
2026-05-211925157093.7424
2026-05-221925157093.7425
2026-05-232025007013.7524
2026-05-242025007013.7525
2026-05-252125147043.7525
2026-05-262025327193.6726
2026-05-272025327193.6727
2026-05-282025307263.6024
2026-05-292025307263.6025
2026-05-302025307263.6026
2026-05-312025257253.6026
2026-06-012224957093.6324
2026-06-022224957093.6325
2026-06-032224476913.6625
2026-06-042324326853.6725
2026-06-052424216793.6825
2026-06-062424216793.6826
2026-06-072324176763.6927
2026-06-082224076723.7026
2026-06-092123976683.7127
2026-06-102123766593.7426
2026-06-112023956643.7425
2026-06-121923396493.7525
2026-06-131923876703.7125
2026-06-142023776643.7225
2026-06-152123936683.7224
2026-06-161823896713.7124
2026-06-171823896713.7125
2026-06-182123696633.7122
2026-06-192323656613.7121
2026-06-202323656613.7122
2026-06-212323656613.7123
2026-06-222323916703.7021
2026-06-232323656623.7121
2026-06-242323656623.7122
2026-06-252323416463.7422
2026-06-262123906653.7222
2026-06-272224046733.7022
2026-06-282224046733.7023
2026-06-292324396853.6823
2026-06-302224346823.7024
2026-07-012124506963.6222
2026-07-021823916703.6725
2026-07-031823916703.6726
2026-07-041724096773.6727
2026-07-051724096773.6728
2026-07-061523806673.6928
2026-07-071324156863.6529
2026-07-081225087303.5628
2026-07-091225087303.5629
2026-07-101226167683.5127
2026-07-111425537493.5124
2026-07-121425507493.5024
2026-07-131425507493.5025
2026-07-141225667663.4526
2026-07-151125547673.4323
2026-07-16925057683.3828
2026-07-171025357663.4226
2026-07-181125137473.4925
2026-07-191125137473.4926
2026-07-201224837303.5225
2026-07-211224086793.7224
2026-07-221324386843.7323
2026-07-231224586953.7025
2026-07-241224586953.7026
2026-07-251224586953.7027
2026-07-261124867083.6830
2026-07-271024557043.6834
2026-07-281024557043.6835
2026-07-291324697013.6828
2026-07-301324697013.6829
2026-07-311125916923.8419
2026-08-011025806923.7919
2026-08-021126327153.7518
2026-08-031226507183.7517
2026-08-041326127053.7611
2026-08-051326427283.6911
2026-08-061526237193.7010
2026-08-071326007073.7413
2026-08-081226337203.7214
2026-08-091226337203.7215
2026-08-101126277033.8516
2026-08-111025606793.8914
2026-08-12925946933.8716
2026-08-131225136903.7613
2026-08-141225136903.7614
2026-08-151124556673.7915
2026-08-161124506673.7915
2026-08-171124506673.7916
2026-08-181124456673.7815
2026-08-191124456673.7816
2026-08-201124456673.7817
2026-08-211024506793.7410
2026-08-22924947103.5911
2026-08-23924947103.5912
2026-08-24825197173.5913
2026-08-25825197173.5914
2026-08-26825197173.5915
2026-08-27825197173.5916
2026-08-28825197173.5917
2026-08-29725576983.7319
2026-08-30725576983.7320
2026-08-31725576983.7321

12-Month Market Dynamics & Trend Trajectory

At K Square, leasing history encompasses a lifetime volume of 66 closed transactions with an average rent of $2,433 per month, an average rate of $3.66 per square foot, an average suite size of 679 square feet, and an average marketing time of 23 days. Tenant turnover remains steady across the building as newer inventory absorbs into the Scarborough North submarket. Pricing discipline at K Square reflects moderate tenant leverage, with 37.9% of leases closing below asking price. Transactions settled with an average net discount of $33 per month or 1.3% below asking, resulting in annualized tenant savings of $396 per year as prospective renters successfully negotiated concessions.

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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)
2026-05-03225507613.3523
2026-05-10423636983.4313
2026-05-17223506503.6750
2026-05-24120004005.0036
2026-05-31126007733.3626
2026-06-07622926543.5539
2026-06-14221506003.6033
2026-06-21624927063.6031
2026-06-28424887253.4710
2026-07-05722396033.7529
2026-07-12625926873.8019
2026-07-19325007403.4410
2026-07-26523906203.9610
2026-08-02525606903.7620
2026-08-09427257993.4620
2026-08-16323335674.2622
2026-08-23222757503.0914

Nearby Building Rental Comparables & Price Spreads

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

K Square, located at 2031 & 2033 Kennedy Rd, competes directly within the Scarborough North rental pool alongside established nearby properties such as Mondeo Springs I at 8 Mondeo Dr (0.63 km away, completed in 2003 with 6 active listings), Mondeo Springs II at 18 Mondeo Dr (0.68 km away, completed in 2005 with 2 active listings), Solaris II at Metrogate at 135 Village Green Sq (1.45 km away, completed in 2011 with 17 active listings), and Solaris I at Metrogate at 125 Village Green Sq (1.47 km away, completed in 2011 with 13 active listings). These competitors represent an earlier structural generation built in the early-to-mid 2000s and early 2010s, contrasting with the building's completion year of 2024. Across the competitive set, the overall benchmark average rent sits at $2,350 per month, with a mean rate of $3.39 per square foot across an average suite size of 719 square feet. Positioned as an established 658-suite development completed in 2024, K Square commands an average lease rent of $2,433 per month at $3.66 per square foot, capturing a slight premium driven by contemporary construction, updated floor plans, and modern finishes relative to its older, mid-2000s and early-2010s local peers.

1950 Kennedy Road, Scarborough

Avg Asking$2,400/mo
Avg $/SF$2.53
Rent Spread:
-$157/mo (-6.1%) Lower

5 Glamorgan Avenue, Scarborough

Avg Asking$2,083/mo
Avg $/SF$2.51
Rent Spread:
-$474/mo (-18.5%) Lower

1112 Glamorgan Avenue, Scarborough

Avg Asking$2,250/mo
Avg $/SF$3.00
Rent Spread:
-$307/mo (-12.0%) Lower

8 Mondeo Dr, Scarborough

Avg Asking$2,536/mo
Avg $/SF$3.05
Rent Spread:
-$21/mo (-0.8%) Lower

18 Mondeo Dr, Scarborough

Avg Asking$2,678/mo
Avg $/SF$2.76
Rent Spread:
+$121/mo (+4.7%) Higher

100 Dundalk Drive, Scarborough

Avg Asking$2,186/mo
Avg $/SF$2.57
Rent Spread:
-$371/mo (-14.5%) Lower

Comparable Analysis & Questions

How do rental rates at K Square compare to neighbouring buildings within Scarborough North?

K Square achieves an average lease rent of $2,433 per month, closely aligning with the overall competitive benchmark average of $2,350 per month across key area competitors like Mondeo Springs I, Mondeo Springs II, Solaris I at Metrogate, and Solaris II at Metrogate. Mondeo Springs I (8 Mondeo Dr) reports an average lease rent of $2,475 per month at $3.05 per square foot across an average of 817 square feet. Mondeo Springs II (18 Mondeo Dr) records an average lease rent of $2,225 per month at $3.54 per square foot across an average of 650 square feet. Solaris II at Metrogate (135 Village Green Sq) lists an average lease rent of $2,344 per month at $3.20 per square foot across an average of 742 square feet. Solaris I at Metrogate (125 Village Green Sq) achieves an average lease rent of $2,356 per month at $3.77 per square foot across an average of 668 square feet.

Does K Square offer a competitive price-per-square-foot ($/SF) against local comparables?

K Square establishes its value proposition by trading at an average of $3.66 per square foot across an average suite size of 679 square feet, positioning itself at a modern-build premium compared to older regional alternatives. Renters evaluating K Square weigh modern layout efficiency, contemporary mechanical systems, and updated finishes against older, larger footprints found in properties like Mondeo Springs I (817 square feet at $3.05 per square foot) and Solaris II at Metrogate (742 square feet at $3.20 per square foot). While older buildings offer lower rates per square foot due to their build year, K Square delivers optimized contemporary interior layouts, state-of-the-art building amenities, and lower ongoing utility burdens that offset the higher rate per square foot.

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

K Square offers an extensive lifestyle and amenity profile including Concierge & Security, EV Charging Station, Gym & Fitness Centre, Yoga Studio, Party & Lounge Room, Meeting Room, Business Centre, Games & Billiards Room, Library & Reading Room, Music Room, BBQ Area, Rooftop Terrace, Kids' Play Room - Indoor, and Digital Delivery Lockers. When contrasted against Mondeo Springs I, which features an indoor pool, sauna & steam room, basketball court, media & theatre room, golf simulator, hot tub & jacuzzi, and garden & courtyard, K Square stands out with its dedicated business centre, digital delivery lockers, and indoor children's play room. Similarly, against Solaris II at Metrogate, which provides an indoor pool, hot tub & jacuzzi, sauna & steam room, media & theatre room, outdoor children's playground, and on-site daycare, K Square emphasizes modern indoor recreational spaces and integrated digital conveniences tailored for contemporary urban households.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around K Square.

Building Amenities

  • Concierge & Security
  • EV Charging Station
  • Gym & Fitness Centre
  • Yoga Studio
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Games & Billiards Room
  • Library & Reading Room
  • Music Room
  • BBQ Area
  • Rooftop Terrace
  • Kids' Play Room - Indoor
  • Digital Delivery Lockers

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for K Square.

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.