Market Data as of August 31, 2026
King Edward Private Residences — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
King Edward Private Residences at 22 Leader Lane in Toronto's Downtown Core is a 145-suite, established residential building completed in 2013 by Dundee Realty & Skyline Investments Dev & Serruya Realty. As of August 31, 2026, the tower is fully occupied with zero units currently listed and an availability rate of 0 percent. Leasing activity has been quiet: no closed leases in the trailing 30 days, two transactions in the past 90 days averaging $2,475 per month at $4.84 per square foot with a 10-day average time on market, and four total tracked leases over the past year.
With no active listings to benchmark, the building's realized lease data provides the clearest pricing signal. The all-time average closed rent of $2,500 per month at $4.97 per square foot sits 8 percent above the Downtown Core submarket lease benchmark of $4.48 per square foot, while the average leased suite footprint of 510 square feet is notably more compact than the submarket's implied asking footprint of 761 square feet. Against the submarket's current average asking rent of $3,471 per month at $4.56 per square foot, King Edward's historical realized rents trade at a meaningful discount on a nominal monthly basis, though the per-square-foot rate remains premium relative to the broader market.
Marketing friction is effectively absent: zero delisted, terminated, or expired listings are recorded, and with no active inventory there is no days-on-market stagnation to flag. Across all four tracked closed transactions, tenants secured an average discount of $25 per month, or 1.04 percent below asking, representing roughly $300 in annual savings per lease. Inventory depth across every bedroom tier is zero; renters seeking a unit at this address must monitor the listing pipeline or turn to the 224 active listings available across the wider Downtown Core submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2400 | 495 | 4.85 | 10 |
| 2026-04-28 | 1 | 2400 | 495 | 4.85 | 11 |
| 2026-04-29 | 1 | 2400 | 495 | 4.85 | 12 |
| 2026-04-30 | 1 | 2400 | 495 | 4.85 | 13 |
| 2026-05-01 | 1 | 2400 | 495 | 4.85 | 14 |
| 2026-05-02 | 1 | 2400 | 495 | 4.85 | 15 |
| 2026-05-03 | 1 | 2400 | 495 | 4.85 | 16 |
| 2026-05-04 | 1 | 2400 | 495 | 4.85 | 17 |
| 2026-05-05 | 1 | 2400 | 495 | 4.85 | 18 |
| 2026-05-06 | 1 | 2400 | 495 | 4.85 | 19 |
| 2026-05-07 | 1 | 2400 | 495 | 4.85 | 20 |
| 2026-05-08 | 1 | 2400 | 495 | 4.85 | 21 |
| 2026-05-09 | 1 | 2400 | 495 | 4.85 | 22 |
| 2026-05-10 | 1 | 2400 | 495 | 4.85 | 23 |
| 2026-05-11 | 1 | 2400 | 495 | 4.85 | 24 |
| 2026-05-12 | 1 | 2400 | 495 | 4.85 | 25 |
| 2026-05-13 | 1 | 2400 | 495 | 4.85 | 26 |
| 2026-05-14 | 1 | 2400 | 495 | 4.85 | 27 |
| 2026-05-15 | 1 | 2400 | 495 | 4.85 | 28 |
| 2026-05-16 | 1 | 2400 | 495 | 4.85 | 29 |
| 2026-05-17 | 1 | 2400 | 495 | 4.85 | 30 |
| 2026-05-18 | 1 | 2400 | 495 | 4.85 | 31 |
| 2026-05-19 | 1 | 2400 | 495 | 4.85 | 32 |
| 2026-05-20 | 1 | 2400 | 495 | 4.85 | 33 |
| 2026-05-21 | 1 | 2400 | 495 | 4.85 | 34 |
| 2026-05-22 | 1 | 2400 | 495 | 4.85 | 35 |
| 2026-05-23 | 1 | 2400 | 495 | 4.85 | 36 |
| 2026-05-24 | 1 | 2400 | 495 | 4.85 | 37 |
| 2026-05-25 | 1 | 2400 | 495 | 4.85 | 38 |
| 2026-07-10 | 1 | 2150 | 400 | 5.38 | N/A |
| 2026-07-11 | 1 | 2150 | 400 | 5.38 | 1 |
| 2026-07-12 | 1 | 2150 | 400 | 5.38 | 2 |
| 2026-07-13 | 1 | 2150 | 400 | 5.38 | 3 |
| 2026-07-14 | 1 | 2150 | 400 | 5.38 | 4 |
| 2026-07-15 | 1 | 2150 | 400 | 5.38 | 5 |
| 2026-07-16 | 1 | 2150 | 400 | 5.38 | 6 |
| 2026-07-17 | 1 | 2150 | 400 | 5.38 | 7 |
| 2026-07-18 | 1 | 2150 | 400 | 5.38 | 8 |
| 2026-07-19 | 1 | 2150 | 400 | 5.38 | 9 |
| 2026-07-20 | 1 | 2150 | 400 | 5.38 | 10 |
| 2026-07-21 | 1 | 2150 | 400 | 5.38 | 11 |
| 2026-07-22 | 1 | 2150 | 400 | 5.38 | 12 |
| 2026-07-23 | 1 | 2150 | 400 | 5.38 | 13 |
| 2026-07-24 | 1 | 2150 | 400 | 5.38 | 14 |
| 2026-07-25 | 1 | 2150 | 400 | 5.38 | 15 |
| 2026-07-26 | 1 | 2150 | 400 | 5.38 | 16 |
| 2026-07-27 | 2 | 2475 | 525 | 4.84 | 9 |
| 2026-07-28 | 1 | 2800 | 650 | 4.31 | 1 |
12-Month Market Dynamics & Trend Trajectory
King Edward Private Residences realizes an average rent of $2,500 per month, roughly 15% below the Downtown Core submarket average of $2,931 per month. However, the building's average rate of $4.97 per square foot runs 8% above the submarket's $4.48 per square foot, a pattern driven by smaller suite footprints (average 510 square feet) that compress absolute rent while elevating density pricing. Tenants at 22 Leader Lane are effectively paying a premium per square foot for compact layouts in a submarket where the typical leased suite is larger. Pricing discipline at King Edward Private Residences skews tenant-favorable, with 25% of tracked leases closing below the listed asking price. The average concession is $25 per month (1.04%), translating to $300 per year in tenant savings across the four-lease sample. This is a small-sample directional indicator rather than a broad statistical benchmark, but it confirms that landlords at this building are willing to trim price rather than hold inventory, a pattern consistent with the zero-active-listing count and the absence of any delisted units in the period.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-24 | 1 | 2300 | 495 | 4.65 | 39 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 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 | 2 | 2475 | 525 | 4.84 | 10 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
King Edward Private Residences at 22 Leader Lane sits within a tight competitive cluster of four nearby buildings, all recording active lease volume over the trailing 180 days. The closest competitor, The Wellington at 30 Wellington St E (0.04 km, completed 1982), logged 3 closed leases. Sixty Colborne at 60 Colborne St (0.08 km, completed 2019) recorded 12 closed leases, while 88 Scott at 88 Scott St (0.1 km, completed 2018) posted the highest volume at 23 closed leases. King Plaza at 92 King St E (0.11 km, completed 1991) closed 5 leases in the same window. The peer set spans three distinct structural generations: two legacy towers from the early 1980s and early 1990s, and two newer mid-rise buildings from 2018–2019, with King Edward (built in 2013) occupying the middle ground in building age. Against the four-comp benchmark of $3,342 average rent, $3.87 per square foot, and 935 average square feet, King Edward Private Residences positions itself as a compact-suite, higher-rate product. The subject's realized average of $2,500 per month and 510 square feet places it well below the comp set in both nominal rent and total footprint, yet its $4.97 per square foot rate exceeds every individual competitor and the $3.87 comp average by a meaningful margin. The building's 145-suite scale and 2013 completion year give it a mid-market value proposition: renters accept a smaller interior in exchange for a denser, service-heavy lifestyle package that the larger legacy towers and the newer mid-rises do not fully replicate.
Comparable Analysis & Questions
How do rental rates at King Edward Private Residences compare to neighbouring buildings within Downtown Core?
King Edward Private Residences realized an average lease rent of $2,500 per month, which is $842 below the four-comp benchmark of $3,342 and below every individual competitor in this immediate pocket. The Wellington at 30 Wellington St E (0.04 km, 3 closed leases) averaged $4,400 per month at $2.82 per square foot across 1,567 square feet, making the subject $1,900 lower in nominal rent. Sixty Colborne at 60 Colborne St (0.08 km, 12 closed leases) averaged $3,073 per month at $4.63 per square foot over 674 square feet, placing the subject $573 lower. 88 Scott at 88 Scott St (0.1 km, 23 closed leases) averaged $2,956 per month at $4.35 per square foot across 697 square feet, with the subject trading $456 lower. King Plaza at 92 King St E (0.11 km, 5 closed leases) averaged $2,940 per month at $3.69 per square foot over 800 square feet, leaving the subject $440 below that mark. All four competitors recorded active lease transactions, so each provides a realized pricing benchmark rather than a speculative reference.
Does King Edward Private Residences offer a competitive price-per-square-foot ($/SF) against local comparables?
King Edward Private Residences leases at $4.97 per square foot across an average 510-square-foot suite, a rate that commands a premium over every nearby competitor while the smaller interior footprint keeps the total monthly rent below each peer. Against The Wellington (3 closed leases, 0.04 km), the subject trades at a $2.15 per square foot premium (76.2% higher rate) but provides 1,057 fewer interior square feet, meaning the $1,900 lower nominal rent is entirely a function of the compact 510-square-foot layout rather than a weaker asset valuation. Versus Sixty Colborne (12 closed leases, 0.08 km), the subject commands a $0.34 per square foot premium (7.3%) while offering 164 fewer square feet, keeping the monthly rent $573 lower. Against 88 Scott (23 closed leases, 0.1 km), the subject carries a $0.62 per square foot premium (14.3%) with 187 fewer square feet, resulting in a $456 lower total rent. King Plaza (5 closed leases, 0.11 km) shows the widest gap: the subject trades at a $1.28 per square foot premium (34.7%) but provides 290 fewer square feet, holding the nominal rent $440 below that legacy tower. In every pairing, the rent differential is driven by interior square footage, not by a discount in per-square-foot value.
How do building age, amenities, and developer reputation impact rent spreads?
King Edward Private Residences offers a 12-feature lifestyle package that includes a Spa, Housekeeping Services, Room Service, and a dedicated Business Centre—four amenities absent from all four nearby competitors. The Wellington (0.04 km) provides an Indoor Pool, Squash & Racquetball Court, and a Library & Reading Room but lacks any spa, housekeeping, room service, or business-centre offering. Sixty Colborne (0.08 km) features an Outdoor Pool and Rooftop Terrace with BBQ area yet offers no spa, no concierge-level service layer, and no dedicated meeting or business infrastructure beyond a basic meeting room. 88 Scott (0.1 km) is the closest amenity peer with a Spin Studio, Yoga Studio, Indoor Pool, Sauna & Steam Room, and a Pet Wash Station, but it still does not include a Spa, Housekeeping Services, Room Service, or Business Centre. King Plaza (0.11 km) provides a Rooftop Terrace and BBQ area with no spa, no service layer, and no business facilities. The subject's combination of in-suite concierge-level services (housekeeping, room service), a full spa, and a purpose-built business centre targets professionals and corporate renters who prioritize on-site convenience, wellness, and remote-work infrastructure over the recreational pools and sports courts that dominate the legacy and newer mid-rise competitors.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around King Edward Private Residences.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Hot Tub & Jacuzzi
- Party & Lounge Room
- Meeting Room
- Business Centre
- Games & Billiards Room
- Dining Room & Kitchen
- Pet Wash Station
- Room Service
- Spa
- Housekeeping Services
Residential Buildings in the Vicinity
- The Wellington42 m
- Sixty Colborne83 m
- 88 Scott104 m
- King Plaza107 m
- Gooderham Court111 m
- Metropole124 m
- Cosmopolitan130 m
- Market Square I140 m
- The Berczy182 m
- 1 King West Hotel and Residences207 m
- Market Galleria221 m
- Market Square II232 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for King Edward Private Residences.
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.