ONYX Condominiums & Lofts — Rental Market Data

ONYX Condominiums & Lofts at 223 Webb Dr closed leases in 25 days on average over the trailing 30 days, compared to 20 days over 90 days and a lifetime average of 21 days, against a Mississauga City Centre submarket benchmark of 23 days. The building logged 7 closed leases in the last 30 days, 14 in the last 90 days, and 16 over the full tracked year, indicating leasing turnover accelerated sharply into late summer after a quieter spring. The 30-day DOM of 25 days sits two days above the submarket norm, while the 90-day figure of 20 days ran three days faster, suggesting the recent uptick in volume came at a modest speed cost.

ONYX Condominiums & Lofts tenants negotiated an average discount of $45 per month (1.79% below asking), translating to $540 in annual savings per unit. Forty-three point eight percent of all 16 tracked leases closed under the landlord's listed price, confirming consistent tenant leverage in this submarket. The net negotiation spread of -$45 per month reflects a tenant-favorable environment where landlords absorbed modest concessions to secure occupancy rather than hold firm on sticker pricing.

The 1-Bedroom + Den layout dominates ONYX Condominiums & Lofts leasing activity with 10 closed leases at an average of $2,438 per month and a 13-day DOM, while the 1-Bedroom tier recorded 3 leases averaging $2,050 per month over 28 days. The 1-Bedroom + Den sample is statistically robust: median rent sits at $2,362, the P25-P75 range spans $2,300 to $2,550, average suite size is 727 square feet at $3.37 per square foot. The 1-Bedroom tier is a limited sample of 3 deals: median $2,050, P25-P75 from $2,000 to $2,100, averaging 550 square feet at $3.73 per square foot. The 2-Bedroom tier represents a small sample of 2 leases at an average of $2,650 per month, median $2,650, P25-P75 from $2,625 to $2,675, averaging 850 square feet at $3.12 per square foot with a 53-day DOM. The 2-Bedroom + Den entry is an individual single transaction at $2,800 per month for 950 square feet at $2.95 per square foot, closed in 11 days, and should not be treated as a broad statistical benchmark.

ONYX Condominiums & Lofts does not have sufficient paired lease data to isolate a reliable parking premium, so no definitive monthly parking value can be quoted. Active listings also show unreliable or insufficient paired samples for parking, meaning the market has not produced a clean signal on what tenants pay above suite rent for a stall. Landlords in this building appear to bundle parking into suite pricing rather than list it as a separate line item, making direct comparison to submarket parking rates inconclusive.

ONYX Condominiums & Lofts rents held broadly stable across the tracked spring-to-summer timeline, with the 30-day average of $2,400 per month sitting within a narrow band around the 90-day mean of $2,420. April saw 1 closed lease at $1,950 per month, $3.55 per square foot, and a 46-day DOM. May recorded 1 lease at $2,800 per month, $2.95 per square foot, and an 11-day DOM. June closed 3 leases averaging $2,442 per month, $3.22 per square foot, and a 10-day DOM. July logged 4 leases at $2,438 per month, $3.65 per square foot, and a 16-day DOM. August accelerated to 7 leases at $2,400 per month, $3.33 per square foot, and a 25-day DOM, confirming volume growth without meaningful rent erosion.