Market Data as of August 31, 2026
King Terraces — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
King Terraces is a newly completed 285-suite residential building developed by Zancor Homes, located at 2075 King Rd in the King submarket, offering 1 active listing and a 0.4% availability rate as of August 31, 2026. Recent leasing velocity shows robust activity with 3 leases closed over the past 30 days averaging 19 days on market, alongside 6 leases completed over the 90-day window averaging 23 days on market.
Active asking rent sits at $2,980 per month with an average rate of $4.27 per square foot across an average footprint of 698 square feet, noticeably higher than the 90-day realized lease average of $2,504 per month across 694 square feet at $3.87 per square foot. Current active inventory features a rate per square foot that matches the submarket asking benchmark of $4.27 per square foot, while nominal asking rents exceed realized submarket averages due to current suite composition.
Leasing dynamics show tenant-favorable conditions where deals negotiated over the past 90 days closed at an average discount of $96 per month (3.56% below asking), saving tenants $1,152 annually with 42.9% of leases securing concessions below list price. Inventory availability is heavily constrained with only a single 2-Bedroom layout currently on the market, offering zero active alternatives across 1-Bedroom or larger multi-bedroom tiers.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at King Terraces as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at King Terraces recently?
King Terraces currently maintains 1 active listing as of August 31, 2026, with a price range, average rent, and median rent per month all fixed at $2,980 per month. The active unit spans 698 square feet at an asking rate of $4.27 per square foot. The single available listing consists entirely of a 2-Bedroom layout, reflecting a complete lean toward multi-bedroom executive configurations rather than compact entry-level suites.
What floor plans and unit layouts are currently available at King Terraces?
The 2-Bedroom layout dominates current active inventory at King Terraces with 1 listing commanding a 100% share of the available market. This sole active tier averages $2,980 per month across 698 square feet at an asking rate of $4.27 per square foot. Zero active inventory is currently available for 1-Bedroom, 1-Bedroom + Den, or 3-Bedroom layouts.
What is the average asking rent and $/SF by suite size at King Terraces?
King Terraces maintains an active asking rent spread of $0, with both the minimum entry rent and peak asking rent resting at $2,980 per month across a 0.0% spread. Median asking rent matches this exact figure. The entry-level suite is a 2-Bedroom configuration spanning 698 square feet priced at $4.27 per square foot, which is identical to the peak suite metrics since active inventory is limited to a single listing.
How much extra do parking spaces and dens cost at King Terraces?
Active den premium data for King Terraces cannot be isolated as the current inventory lacks a den layout comparison. Active parking premium data is currently unreliable due to an insufficient sample size, preventing the isolation of parking stall costs from active listings.
How do asking rents at King Terraces compare to local and municipal benchmarks?
King Terraces asks an average rent of $2,980 per month at $4.27 per square foot, compared to the broader King submarket asking benchmark of $2,980 per month at $4.27 per square foot. Nominal asking rents align precisely with submarket asking averages while maintaining a 0% variance against the submarket asking rate per square foot. The building currently accounts for 100% of the active 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 King Terraces (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at King Terraces last month, and how fast did they rent?
At King Terraces, the 30-day average days on market is 19 days, the 90-day average days on market is 23 days, and the submarket benchmark days on market is 21 days. Leasing turnover accelerated over the summer months, moving from 1 closed lease in April up to 3 closed leases in July and 3 closed leases in August, bringing lifetime closed lease volume to 7 total transactions.
What is the negotiation spread between asking rents and closed lease prices at King Terraces?
At King Terraces, tenants secured an average discount of $96 per month, representing a 3.56% savings below asking price and annual tenant savings of $1,152 per year. Market leverage favored incoming occupants, with 42.9% of leases closing under asking price and remaining transactions settling at full asking value.
What are typical executed lease prices across different layouts at King Terraces?
The two highest-volume anchor layouts at King Terraces are the 1-Bedroom + Den and 2-Bedroom configurations. The 1-Bedroom + Den tier recorded 3 closed leases with an average rent of $2,325 per month, a median rent of $2,300 per month, a P25-P75 range of $2,288 to $2,350 per month, an average footprint of 652 square feet, an asking rate of $3.60 per square foot, and an average days on market of 19 days (note that this represents a small sample size). The 2-Bedroom tier recorded 2 closed leases with an average rent of $2,825 per month, a median rent of $2,825 per month, a P25-P75 range of $2,738 to $2,912 per month, an average footprint of 703 square feet, an asking rate of $4.03 per square foot, and an average days on market of 18 days (note that this represents a small sample size). The 1-Bedroom tier recorded 1 closed lease with an average rent of $2,400 per month, a median rent of $2,400 per month, a P25-P75 range of $2,400 to $2,400 per month, an average footprint of 550 square feet, an asking rate of $4.36 per square foot, and an average days on market of 42 days (note that this represents an individual single transaction rather than a broad statistical benchmark). The 2-Bedroom + Den tier recorded 1 closed lease with an average rent of $2,900 per month, a median rent of $2,900 per month, a P25-P75 range of $2,900 to $2,900 per month, an average footprint of 950 square feet, an asking rate of $3.05 per square foot, and an average days on market of 48 days (note that this represents an individual single transaction rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at King Terraces?
Parking premium data for King Terraces is currently inconclusive due to insufficient paired data across historical lease records. Parking access was bundled into suite agreements without separate line-item values, and active asking figures lack sufficient paired samples to isolate individual stall values reliably.
How does the lease-to-listing ratio at King Terraces reflect current tenant demand?
At King Terraces, average monthly rent tracked steadily across the tracked timeline while days on market compressed toward late summer. In April 2026, 1 deal closed at an average rent of $2,900 per month, an average rate of $3.05 per square foot, and 48 days on market. In July 2026, 3 deals closed at an average rent of $2,483 per month, an average rate of $3.88 per square foot, and 26 days on market. In August 2026, 3 deals closed at an average rent of $2,525 per month, an average rate of $3.86 per square foot, and 19 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 1 | 2250 | 590 | 3.81 | 3 |
| 2026-04-28 | 1 | 2250 | 590 | 3.81 | 4 |
| 2026-04-29 | 1 | 2250 | 590 | 3.81 | 5 |
| 2026-04-30 | 1 | 2250 | 590 | 3.81 | 6 |
| 2026-05-01 | 1 | 2250 | 590 | 3.81 | 7 |
| 2026-05-02 | 1 | 2250 | 590 | 3.81 | 8 |
| 2026-05-03 | 1 | 2250 | 590 | 3.81 | 9 |
| 2026-05-04 | 1 | 2250 | 590 | 3.81 | 10 |
| 2026-05-05 | 1 | 2250 | 590 | 3.81 | 11 |
| 2026-05-06 | 1 | 2250 | 590 | 3.81 | 12 |
| 2026-05-07 | 1 | 2250 | 590 | 3.81 | 13 |
| 2026-05-08 | 1 | 2250 | 590 | 3.81 | 14 |
| 2026-06-10 | 1 | 2650 | 650 | 4.08 | N/A |
| 2026-06-11 | 1 | 2650 | 650 | 4.08 | 1 |
| 2026-06-12 | 1 | 2650 | 650 | 4.08 | 2 |
| 2026-06-13 | 1 | 2650 | 650 | 4.08 | 3 |
| 2026-06-14 | 1 | 2650 | 650 | 4.08 | 4 |
| 2026-06-15 | 1 | 2650 | 650 | 4.08 | 5 |
| 2026-06-16 | 2 | 2525 | 600 | 4.22 | 3 |
| 2026-06-17 | 2 | 2525 | 600 | 4.22 | 4 |
| 2026-06-18 | 2 | 2525 | 600 | 4.22 | 5 |
| 2026-06-19 | 2 | 2525 | 600 | 4.22 | 6 |
| 2026-06-20 | 2 | 2525 | 600 | 4.22 | 7 |
| 2026-06-21 | 2 | 2525 | 600 | 4.22 | 8 |
| 2026-06-22 | 2 | 2525 | 600 | 4.22 | 9 |
| 2026-06-23 | 2 | 2525 | 600 | 4.22 | 10 |
| 2026-06-24 | 2 | 2525 | 600 | 4.22 | 11 |
| 2026-06-25 | 2 | 2525 | 600 | 4.22 | 12 |
| 2026-06-26 | 2 | 2525 | 600 | 4.22 | 13 |
| 2026-06-27 | 2 | 2525 | 600 | 4.22 | 14 |
| 2026-06-28 | 3 | 2483 | 650 | 3.88 | 10 |
| 2026-06-29 | 3 | 2483 | 650 | 3.88 | 11 |
| 2026-06-30 | 3 | 2483 | 650 | 3.88 | 12 |
| 2026-07-01 | 3 | 2483 | 650 | 3.88 | 13 |
| 2026-07-02 | 2 | 2400 | 650 | 3.78 | 10 |
| 2026-07-03 | 2 | 2400 | 650 | 3.78 | 11 |
| 2026-07-04 | 2 | 2400 | 650 | 3.78 | 12 |
| 2026-07-05 | 2 | 2400 | 650 | 3.78 | 13 |
| 2026-07-06 | 2 | 2400 | 650 | 3.78 | 14 |
| 2026-07-07 | 2 | 2400 | 650 | 3.78 | 15 |
| 2026-07-08 | 2 | 2400 | 650 | 3.78 | 16 |
| 2026-07-09 | 2 | 2400 | 650 | 3.78 | 17 |
| 2026-07-10 | 2 | 2400 | 650 | 3.78 | 18 |
| 2026-07-11 | 1 | 2400 | 550 | 4.36 | 25 |
| 2026-07-12 | 1 | 2400 | 550 | 4.36 | 26 |
| 2026-07-13 | 1 | 2400 | 550 | 4.36 | 27 |
| 2026-07-14 | 1 | 2400 | 550 | 4.36 | 28 |
| 2026-07-15 | 1 | 2400 | 550 | 4.36 | 29 |
| 2026-07-16 | 1 | 2400 | 550 | 4.36 | 30 |
| 2026-07-17 | 1 | 2400 | 550 | 4.36 | 31 |
| 2026-07-18 | 1 | 2400 | 550 | 4.36 | 32 |
| 2026-07-19 | 1 | 2400 | 550 | 4.36 | 33 |
| 2026-07-20 | 1 | 2400 | 550 | 4.36 | 34 |
| 2026-07-21 | 1 | 2400 | 550 | 4.36 | 35 |
| 2026-07-22 | 1 | 2400 | 550 | 4.36 | 36 |
| 2026-07-23 | 1 | 2400 | 550 | 4.36 | 37 |
| 2026-07-24 | 1 | 2400 | 550 | 4.36 | 38 |
| 2026-07-25 | 1 | 2400 | 550 | 4.36 | 39 |
| 2026-07-26 | 1 | 2400 | 550 | 4.36 | 40 |
| 2026-07-27 | 1 | 2400 | 550 | 4.36 | 41 |
| 2026-07-30 | 1 | 3200 | 755 | 4.24 | N/A |
| 2026-07-31 | 1 | 3200 | 755 | 4.24 | 1 |
| 2026-08-01 | 1 | 3200 | 755 | 4.24 | 2 |
| 2026-08-02 | 1 | 3200 | 755 | 4.24 | 3 |
| 2026-08-03 | 1 | 3200 | 755 | 4.24 | 4 |
| 2026-08-04 | 1 | 3200 | 755 | 4.24 | 5 |
| 2026-08-05 | 2 | 2825 | 689 | 4.09 | 3 |
| 2026-08-06 | 2 | 2825 | 689 | 4.09 | 4 |
| 2026-08-07 | 3 | 2750 | 653 | 4.21 | 3 |
| 2026-08-08 | 3 | 2750 | 653 | 4.21 | 4 |
| 2026-08-09 | 3 | 2750 | 653 | 4.21 | 5 |
| 2026-08-10 | 3 | 2750 | 653 | 4.21 | 6 |
| 2026-08-11 | 3 | 2750 | 653 | 4.21 | 7 |
| 2026-08-12 | 3 | 2750 | 653 | 4.21 | 8 |
| 2026-08-13 | 2 | 2525 | 603 | 4.20 | 7 |
| 2026-08-14 | 2 | 2525 | 603 | 4.20 | 8 |
| 2026-08-15 | 2 | 2525 | 603 | 4.20 | 9 |
| 2026-08-16 | 2 | 2525 | 603 | 4.20 | 10 |
| 2026-08-17 | 2 | 2525 | 603 | 4.20 | 11 |
| 2026-08-18 | 2 | 2525 | 603 | 4.20 | 12 |
| 2026-08-19 | 2 | 2525 | 603 | 4.20 | 13 |
| 2026-08-20 | 2 | 2525 | 603 | 4.20 | 14 |
| 2026-08-21 | 2 | 2525 | 603 | 4.20 | 15 |
| 2026-08-22 | 2 | 2525 | 603 | 4.20 | 16 |
| 2026-08-23 | 2 | 2525 | 603 | 4.20 | 17 |
| 2026-08-24 | 2 | 2525 | 603 | 4.20 | 18 |
| 2026-08-25 | 2 | 2715 | 660 | 4.10 | 10 |
| 2026-08-26 | 2 | 2715 | 660 | 4.10 | 11 |
| 2026-08-27 | 2 | 2715 | 660 | 4.10 | 12 |
| 2026-08-28 | 2 | 2715 | 660 | 4.10 | 13 |
| 2026-08-29 | 2 | 2715 | 660 | 4.10 | 14 |
| 2026-08-30 | 2 | 2715 | 660 | 4.10 | 15 |
| 2026-08-31 | 1 | 2980 | 698 | 4.27 | 6 |
12-Month Market Dynamics & Trend Trajectory
King Terraces has recorded a lifetime leasing volume of 7 transactions with an average monthly rent of $2,561 per month, an average rate of $3.75 per square foot, and an average suite size of 694 square feet. Properties achieved a lifetime average days on market of 26 days, reflecting steady tenant turnover during initial occupancy. Pricing discipline during the tracking period leaned toward tenant concessions, with 42.9% of transactions closing below asking price. Tenants achieved an average monthly discount of $96 per month, yielding annual tenant savings of $1,152 per year and demonstrating moderate pricing flexibility for incoming occupants.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-06-28 | 1 | 2650 | 650 | 4.08 | 22 |
| 2026-07-05 | 1 | 2400 | 750 | 3.20 | 13 |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 1 | 2400 | 550 | 4.36 | 42 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 1 | 3000 | 755 | 3.97 | 14 |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2300 | 583 | 3.95 | 18 |
| 2026-08-30 | 1 | 2275 | 622 | 3.66 | 26 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
King Terraces at 2075 King Rd is a modern residential community completed in 2025 containing 285 suites, anchored in the King submarket with 1 active listing currently tracked. Its primary direct competitor is The Residences of Spring Hill located at 80 Burns Blvd, situated 1.34 kilometers away and completed in 2013 with 0 active lease listings reported over the trailing period. This establishes a structural generation gap where King Terraces represents brand-new 2025 construction compared to the 13-year-old mid-generation footprint of its nearby counterpart. Because complete active lease datasets and historical pricing figures are unavailable for the competing benchmark at 80 Burns Blvd, direct quantitative pricing benchmarks for the competitive set remain limited to the subject property's internal performance. King Terraces establishes a commanding presence in the micro-market through its newly completed 285-suite scale, achieving an all-time average lease rent of $2,561 per month at an average rate of $3.75 per square foot across an average footprint of 694 square feet, positioning it as the premier newly built lifestyle asset in the King area.
Comparable Analysis & Questions
How do rental rates at King Terraces compare to neighbouring buildings within King?
King Terraces averages an overall lease rent of $2,561 per month at $3.75 per square foot, operating as the primary modern benchmark in the King submarket without reported active transactional spread data against its singular nearby peer. The sole identified competitor in the immediate area is The Residences of Spring Hill at 80 Burns Blvd, located 1.34 kilometers away with a completion year of 2013 and 0 active lease transactions recorded, meaning specific rental rates, cost per square foot figures, and average suite dimensions are currently unquantified for this location.
Does King Terraces offer a competitive price-per-square-foot ($/SF) against local comparables?
King Terraces establishes its modern value proposition by offering an average size of 694 square feet at a leased rate of $3.75 per square foot, delivering contemporary architectural efficiency compared to older inventory in the King micro-market. Renters evaluating King Terraces gain the distinct structural advantages of a brand-new 2025 construction cycle, including superior thermal performance, modern HVAC and mechanical systems that lower utility burdens, contemporary interior finishes, and optimized layouts designed for modern living without the deferred maintenance risks associated with the 2013-built Residences of Spring Hill located 1.34 kilometers away.
How do building age, amenities, and developer reputation impact rent spreads?
King Terraces delivers an extensive suite of wellness and social amenities that outpaces older developments in the area, offering residents a comprehensive lifestyle package tailored for modern professionals and families. Signature amenities at King Terraces include a 24/7 Concierge & Security service, a dedicated Shuttle Service, an Indoor Pool paired with a Sauna & Steam Room, and a sprawling Rooftop Terrace alongside a Gym & Fitness Centre, Yoga Studio, Party & Lounge Room, Games & Billiards Room, Dining Room & Kitchen, BBQ Area, Garden & Courtyard, Indoor Kids' Play Room, and Fire Pit. By comparison, nearby The Residences of Spring Hill at 80 Burns Blvd features a more traditional amenity program including an Indoor Pool, Gym & Fitness Centre, Car Wash Bay, Party & Lounge Room, Meeting Room, Business Centre, Media & Theatre Room, Games & Billiards Room, Library & Reading Room, BBQ Area, Garden & Courtyard, Art Room, and Fireside Café, but lacks contemporary additions like the scheduled shuttle service and expansive rooftop social spaces found at King Terraces. This positions King Terraces perfectly for discerning residents seeking a resort-inspired, amenity-rich environment with seamless transit support in the King submarket.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around King Terraces.
Building Amenities
- Concierge & Security
- Shuttle Service
- Gym & Fitness Centre
- Yoga Studio
- Indoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Games & Billiards Room
- Dining Room & Kitchen
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
- Kids' Play Room - Indoor
- Fire Pit
Residential Buildings in the Vicinity
- The Residences of Spring Hill1.3 km
- The Sorrento5.4 km
- Skyview Manor5.7 km
- Bristol Condominiums6.4 km
- Court6.9 km
- Silverwoods I & II7.2 km
- Corso Milano7.8 km
- GO.2 - Indigo 27.8 km
- The Mackenzie7.8 km
- Indigo Condominiums7.9 km
- Highland Green8.2 km
- The Rosehill8.3 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for King Terraces.
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.