Market Data as of August 31, 2026
West Harbour City - II — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
West Harbour City - II at 21 Grand Magazine Street in Toronto's CityPlace / Fort York neighbourhood is a 325-suite residential tower developed by Plaza & Berkley Homes and completed in 2011. As of August 31, 2026, the building is fully occupied with zero units currently listed for rent, yielding a 0 percent availability rate. Recent leasing activity shows one closed lease in the trailing 30 days at an average of $2,900 per month and two days on market, while four leases closed over the past 90 days averaging $2,775 per month with a 20-day marketing period.
With no active listings to benchmark, the building's realized lease data provides the clearest pricing signal. Tracked historical leases average $2,869 per month at $3.57 per square foot across an average suite size of 809 square feet, placing the building's effective rate 20.4 percent below the CityPlace / Fort York submarket asking benchmark of $4.58 per square foot. The submarket's implied asking footprint sits near 677 square feet, meaning West Harbour City - II suites are notably larger than the typical submarket listing, which explains part of the nominal rent gap when comparing the building's $2,869 average against the submarket's $3,101 average asking rent.
Marketing friction at this address is minimal on the delisting side, with zero terminated, expired, or suspended listings recorded across the tracking period. The 20-day average days on market for closed leases matches the submarket benchmark exactly, indicating no measurable leasing deceleration. For renters seeking a unit here, the practical path is to monitor the building for new listings or pivot to the 148 active units currently available across the broader CityPlace / Fort York submarket, where asking rents average $3,101 per month.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 West Harbour City - II (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at West Harbour City - II last month, and how fast did they rent?
West Harbour City - II closed one lease in the trailing 30 days at a 2-day DOM, matching the CityPlace / Fort York submarket benchmark of 20 days on a 90-day basis. Over the past 90 days, four leases closed at an average 20-day DOM, and the full trailing-year total stands at nine transactions. Leasing cadence has decelerated sharply from five closings in May to a single deal each in July and August, indicating turnover has paused rather than accelerated heading into late summer.
What is the negotiation spread between asking rents and closed lease prices at West Harbour City - II?
West Harbour City - II tenants negotiated an average discount of $47 per month (1.5% below asking), translating to $564 in annual savings per unit across tracked leases. Forty-four percent of all nine closed leases settled under the listed asking price, confirming measurable tenant leverage and landlord concession in this submarket. The net negotiation spread of -$47 per month reflects a tenant-favorable pricing environment rather than any landlord premium or revenue gain.
What are typical executed lease prices across different layouts at West Harbour City - II?
The 1-Bedroom + Den layout dominates West Harbour City - II volume with six closed leases averaging $2,758 per month and a 22-day DOM, while the 2-Bedroom tier accounts for two closings at $3,188 per month over 26 days. The 1-Bedroom + Den suites average 760 square feet at $3.63 per square foot, with rents spanning $2,624 to $2,912 (P25–P75) and a median of $2,750. The two 2-Bedroom leases represent a limited sample size and serve as a directional reference only; they average 936 square feet at $3.45 per square foot with a P25–P75 range of $3,006 to $3,369. The single 1-Bedroom closing at $2,900 per month for 850 square feet (2-day DOM) is an individual transaction, not a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at West Harbour City - II?
West Harbour City - II carries a verified leased parking premium of $314 per month, confirmed through paired lease records. This bundled parking value is embedded within the suite rent figures reported above and reflects the building's standard allocation model. Active asking parking rates cannot be reliably isolated due to insufficient paired samples, so no comparison against current market asking premiums is available.
How does the lease-to-listing ratio at West Harbour City - II reflect current tenant demand?
West Harbour City - II rents held broadly stable across the May-to-August 2026 window, oscillating between $2,600 and $3,000 per month with no sustained directional drift. May closed five deals at $2,945 per month (3.65 per square foot, 21-day DOM). June saw two closings at $2,600 per month (3.47 per square foot, 36-day DOM), where the nominal rent drop reflects compact suite footprints rather than property devaluation. July recorded one lease at $3,000 per month (3.53 per square foot, 6-day DOM). August closed one deal at $2,900 per month (3.41 per square foot, 2-day DOM), the fastest absorption in the tracked period.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 5 | 4230 | 986 | 4.07 | 26 |
| 2026-04-28 | 6 | 3991 | 947 | 4.01 | 22 |
| 2026-04-29 | 6 | 3991 | 947 | 4.01 | 23 |
| 2026-04-30 | 6 | 3991 | 947 | 4.01 | 24 |
| 2026-05-01 | 6 | 3991 | 947 | 4.01 | 25 |
| 2026-05-02 | 6 | 3991 | 947 | 4.01 | 26 |
| 2026-05-03 | 6 | 3991 | 947 | 4.01 | 27 |
| 2026-05-04 | 5 | 4270 | 988 | 4.11 | 29 |
| 2026-05-05 | 3 | 5200 | 1157 | 4.24 | 41 |
| 2026-05-06 | 3 | 5200 | 1157 | 4.24 | 42 |
| 2026-05-07 | 4 | 4513 | 1055 | 4.00 | 32 |
| 2026-05-08 | 4 | 4513 | 1055 | 4.00 | 33 |
| 2026-05-09 | 3 | 5067 | 1150 | 4.10 | 38 |
| 2026-05-10 | 3 | 5067 | 1150 | 4.10 | 39 |
| 2026-05-11 | 3 | 5067 | 1150 | 4.10 | 40 |
| 2026-05-12 | 4 | 4500 | 1050 | 4.01 | 31 |
| 2026-05-13 | 4 | 4500 | 1050 | 4.01 | 32 |
| 2026-05-14 | 4 | 4500 | 1050 | 4.01 | 33 |
| 2026-05-15 | 4 | 4500 | 1050 | 4.01 | 34 |
| 2026-05-16 | 4 | 4500 | 1050 | 4.01 | 35 |
| 2026-05-17 | 4 | 4500 | 1050 | 4.01 | 36 |
| 2026-05-18 | 4 | 4500 | 1050 | 4.01 | 37 |
| 2026-05-19 | 4 | 4500 | 1050 | 4.01 | 38 |
| 2026-05-20 | 4 | 4500 | 1050 | 4.01 | 39 |
| 2026-05-21 | 3 | 4750 | 1033 | 4.21 | 43 |
| 2026-05-22 | 3 | 4750 | 1033 | 4.21 | 44 |
| 2026-05-23 | 3 | 4750 | 1033 | 4.21 | 45 |
| 2026-05-24 | 3 | 4750 | 1033 | 4.21 | 46 |
| 2026-05-25 | 3 | 4750 | 1033 | 4.21 | 47 |
| 2026-05-26 | 3 | 4750 | 1033 | 4.21 | 48 |
| 2026-05-27 | 3 | 4750 | 1033 | 4.21 | 49 |
| 2026-05-28 | 3 | 4750 | 1033 | 4.21 | 50 |
| 2026-05-29 | 3 | 4750 | 1033 | 4.21 | 51 |
| 2026-05-30 | 3 | 4750 | 1033 | 4.21 | 52 |
| 2026-05-31 | 2 | 2625 | 750 | 3.50 | 22 |
| 2026-06-01 | 2 | 2625 | 750 | 3.50 | 23 |
| 2026-06-02 | 2 | 2625 | 750 | 3.50 | 24 |
| 2026-06-03 | 2 | 2625 | 750 | 3.50 | 25 |
| 2026-06-04 | 2 | 2625 | 750 | 3.50 | 26 |
| 2026-06-05 | 2 | 2625 | 750 | 3.50 | 27 |
| 2026-06-06 | 2 | 2625 | 750 | 3.50 | 28 |
| 2026-06-07 | 2 | 2625 | 750 | 3.50 | 29 |
| 2026-06-08 | 2 | 2625 | 750 | 3.50 | 30 |
| 2026-06-09 | 2 | 2625 | 750 | 3.50 | 31 |
| 2026-06-10 | 2 | 2625 | 750 | 3.50 | 32 |
| 2026-06-11 | 1 | 2800 | 750 | 3.73 | 30 |
| 2026-06-12 | 1 | 2800 | 750 | 3.73 | 31 |
| 2026-06-13 | 1 | 2800 | 750 | 3.73 | 32 |
| 2026-06-14 | 1 | 2800 | 750 | 3.73 | 33 |
| 2026-06-15 | 1 | 2800 | 750 | 3.73 | 34 |
| 2026-06-16 | 1 | 2800 | 750 | 3.73 | 35 |
| 2026-07-21 | 1 | 2900 | 850 | 3.41 | N/A |
| 2026-07-22 | 1 | 2900 | 850 | 3.41 | 1 |
| 2026-07-23 | 1 | 2900 | 850 | 3.41 | 2 |
| 2026-07-24 | 1 | 2900 | 850 | 3.41 | 3 |
| 2026-07-25 | 1 | 2900 | 850 | 3.41 | 4 |
| 2026-07-26 | 1 | 2900 | 850 | 3.41 | 5 |
| 2026-08-24 | 1 | 2900 | 850 | 3.41 | N/A |
| 2026-08-25 | 1 | 2900 | 850 | 3.41 | 1 |
12-Month Market Dynamics & Trend Trajectory
West Harbour City - II realized an average rent of $2,869 per month at $3.57 per square foot across nine tracked leases, positioning the building 20.4% below the CityPlace / Fort York submarket average of $4.36 per square foot while trading only 1.8% above the submarket's $2,818 average lease rent. This combination signals that the building's larger-than-average suite footprints (809 square feet versus the submarket's implied 677 square feet) compress the per-square-foot rate even as absolute rents hold near or slightly above local benchmarks. Pricing discipline at West Harbour City - II leans tenant-favorable, with 44.4% of leases closing below asking and a net negotiation spread of -$47 per month (1.5% discount). The annualized concession of $564 per unit confirms landlords are absorbing modest price pushback to maintain occupancy. No leases closed at a premium, and the consistent discount pattern across the nine-transaction sample points to a landlord concession posture rather than rigid pricing enforcement.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 4 | 2793 | 745 | 3.75 | 19 |
| 2026-05-10 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-17 | 1 | 3550 | 1100 | 3.23 | 29 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 2500 | 750 | 3.33 | 35 |
| 2026-06-14 | 1 | 2700 | 750 | 3.60 | 36 |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 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 | 3000 | 850 | 3.53 | 6 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2900 | 850 | 3.41 | 2 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
West Harbour City - II at 21 Grand Magazine St sits in a dense cluster of four active competitors within 120 metres, all recording closed lease transactions over the trailing 180 days. Fortune at Fort York (38 Iannuzzi St, 0.08 km, completed 2021) logged 28 closed leases; Harbourfront (600 Fleet St, 0.11 km, completed 2009) recorded 15; West Harbour City I (628 Fleet Street / 99 Sloping Sky Mews, 0.12 km, completed 2010) closed 13; and York Harbour Club (35 Bastion St / 38 Grand Magazine St, 0.12 km, completed 2015) transacted 11. The peer set spans a decade of construction eras, from Harbourfront's 2009 delivery to Fortune at Fort York's 2021 completion, with the subject building (completed 2011) occupying the mid-cohort alongside its sister tower West Harbour City I. Against the four-comp benchmark of $2,717 average rent, $4.25 per square foot, and 658 average square feet, West Harbour City - II leases at $2,869 per month on 809 average square feet at $3.57 per square foot. The subject's nominal rent runs $152 above the comp average, yet its per-square-foot rate sits roughly 16 percent below the peer benchmark because the 809-square-foot suite footprint is 151 square feet larger than the typical competitor unit. In practical terms, the higher monthly figure reflects a materially bigger interior rather than a per-unit valuation premium, and the building's 2011 construction gives it a modest age advantage over Harbourfront while remaining a decade older than Fortune at Fort York.
628 Fleet Street / 99 Sloping Sky Mews, Toronto
Comparable Analysis & Questions
How do rental rates at West Harbour City - II compare to neighbouring buildings within CityPlace / Fort York?
West Harbour City - II's average realized lease rent of $2,869 per month exceeds the four-comp benchmark of $2,717 by $152, driven primarily by its larger suite footprint rather than a per-square-foot premium. Fortune at Fort York (38 Iannuzzi St, 0.08 km, 28 closed leases) averages $2,503 per month at $4.64 per square foot across 551 square feet; the subject commands $366 more per month than this comp. Harbourfront (600 Fleet St, 0.11 km, 15 closed leases) averages $2,443 at $4.21 per square foot over 586 square feet, with the subject trading $426 higher monthly. West Harbour City I (628 Fleet Street / 99 Sloping Sky Mews, 0.12 km, 13 closed leases) posts $3,185 at $3.89 per square foot on 838 square feet, where the subject actually trades $316 lower per month. York Harbour Club (35 Bastion St / 38 Grand Magazine St, 0.12 km, 11 closed leases) averages $2,735 at $4.27 per square foot across 655 square feet, with the subject $134 higher. All four competitors recorded active lease volume, so no zero-transaction reference buildings apply in this pocket.
Does West Harbour City - II offer a competitive price-per-square-foot ($/SF) against local comparables?
West Harbour City - II leases at $3.57 per square foot on 809 average square feet, trading at a discount below every active nearby competitor on a per-square-foot basis while delivering the largest interior footprint in the immediate peer set. Against Fortune at Fort York, the subject offers a $1.07 per square foot (23.1 percent) discount and 258 more interior square feet, meaning the $366 higher monthly rent is entirely a function of the larger suite rather than a rate premium. Versus Harbourfront, the subject trades at a $0.64 per square foot (15.2 percent) discount with 223 additional square feet, again explaining the $426 nominal rent gap through footprint. Against West Harbour City I, the subject provides 29 fewer square feet and a $0.32 per square foot (8.2 percent) discount, resulting in a $316 lower monthly rent—the only comp where the subject's total rent falls below the peer. York Harbour Club shows a $0.70 per square foot (16.4 percent) discount and 154 more square feet for the subject, with the $134 higher rent reflecting the extra space. The consistent pattern: renters at West Harbour City - II pay more in absolute dollars than three of four peers but receive substantially more living area at a lower per-square-foot cost.
How do building age, amenities, and developer reputation impact rent spreads?
West Harbour City - II is the only building in this immediate peer set to offer both an indoor pool and an outdoor pool, a dual-aquatic configuration absent from all four named competitors. The subject's 12-amenity package—spanning concierge and security, gym and fitness centre, hot tub and jacuzzi, sauna and steam room, party and lounge room, media and theatre room, games and billiards room, dining room and kitchen, rooftop terrace, and garden and courtyard—overlaps broadly with its neighbours but lacks several features that three of the four competitors provide: a dedicated meeting room (present at Fortune at Fort York, Harbourfront, West Harbour City I, and York Harbour Club), a yoga studio (Fortune at Fort York, West Harbour City I, York Harbour Club), and a BBQ area (all four competitors). Fortune at Fort York extends further with a spin studio, golf simulator, putting green, bocce court, café lounge, cold plunge, and dog run; York Harbour Club adds a pet wash station. The subject's lifestyle package, anchored by its unique dual-pool offering and generous 809-square-foot suites, is best suited to tenants who prioritize aquatic recreation and interior living space over coworking facilities, pet infrastructure, or structured fitness programming.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around West Harbour City - II.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Outdoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Party & Lounge Room
- Media & Theatre Room
- Games & Billiards Room
- Dining Room & Kitchen
- Rooftop Terrace
- Garden & Courtyard
Residential Buildings in the Vicinity
- Fortune at Fort York82 m
- Harbourfront112 m
- York Harbour Club119 m
- West Harbour City I121 m
- Local at Fort York129 m
- LTD132 m
- The Yards at Fort York137 m
- Tip Top Lofts149 m
- The York Harbour Club149 m
- Quay West at Tip Top163 m
- The LakeFront - LakeShore East Tower207 m
- Neptune 2 at Water Park City211 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for West Harbour City - II.
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.