Market Data as of August 31, 2026
One Sherway - Tower II — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
One Sherway - Tower II at 225 Sherway Gardens Rd in Etobicoke's South submarket is a 316-suite residential tower completed in 2009 by Menkes Developments and Great Gulf Homes. As of August 31, 2026, the building is fully occupied with zero units currently listed for rent, placing its availability rate at 0 percent. Leasing activity over the trailing year recorded four closed leases, with none closing in the most recent 30-day or 90-day windows, and an average time-to-lease of 23 days across all tracked transactions.
With no active asking rents to benchmark, the building's realized lease data provides the clearest pricing signal. The average closed lease rent of $2,881 per month sits roughly 19 percent above the Etobicoke South submarket average of $2,411 per month, while the realized rate of $3.61 per square foot trails the submarket's $3.74 per square foot by approximately 3.5 percent. The average leased footprint of 800 square feet is notably larger than the submarket's implied asking size of 688 square feet, meaning the building's premium monthly rent is partly a function of generous suite sizing rather than a pure rate premium.
Marketing friction is effectively absent given zero active listings, though the 23-day average lease duration across tracked transactions runs two days faster than the submarket's 25-day benchmark. Tenants negotiating across all four closed leases secured an average concession of $31 per month, or 1.1 percent below asking, with half of deals closing under the initial ask and an annualized savings of $372 per unit. Because the building holds no available inventory, renters seeking comparable 2-bedroom layouts in Etobicoke South should direct their search toward the 49 active listings currently available across the broader submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2900 | 750 | 3.87 | 16 |
| 2026-04-28 | 1 | 2900 | 750 | 3.87 | 17 |
| 2026-04-29 | 1 | 2900 | 750 | 3.87 | 18 |
| 2026-04-30 | 1 | 2900 | 750 | 3.87 | 19 |
| 2026-05-01 | 2 | 2950 | 800 | 3.70 | 10 |
| 2026-05-02 | 2 | 2950 | 800 | 3.70 | 11 |
| 2026-05-03 | 2 | 2950 | 800 | 3.70 | 12 |
| 2026-05-04 | 2 | 2950 | 800 | 3.70 | 13 |
| 2026-05-05 | 2 | 2950 | 800 | 3.70 | 14 |
| 2026-05-06 | 2 | 2950 | 800 | 3.70 | 15 |
| 2026-05-07 | 2 | 2950 | 800 | 3.70 | 16 |
| 2026-05-08 | 3 | 2883 | 783 | 3.69 | 11 |
| 2026-05-09 | 4 | 2913 | 800 | 3.65 | 9 |
| 2026-05-10 | 4 | 2913 | 800 | 3.65 | 10 |
| 2026-05-11 | 4 | 2913 | 800 | 3.65 | 11 |
| 2026-05-12 | 4 | 2913 | 800 | 3.65 | 12 |
| 2026-05-13 | 4 | 2913 | 800 | 3.65 | 13 |
| 2026-05-14 | 4 | 2913 | 800 | 3.65 | 14 |
| 2026-05-15 | 4 | 2913 | 800 | 3.65 | 15 |
| 2026-05-16 | 4 | 2913 | 800 | 3.65 | 16 |
| 2026-05-17 | 4 | 2913 | 800 | 3.65 | 17 |
| 2026-05-18 | 4 | 2913 | 800 | 3.65 | 18 |
| 2026-05-19 | 3 | 2883 | 783 | 3.69 | 22 |
| 2026-05-20 | 2 | 2950 | 800 | 3.70 | 29 |
| 2026-05-21 | 2 | 2950 | 800 | 3.70 | 30 |
| 2026-05-22 | 2 | 2950 | 800 | 3.70 | 31 |
| 2026-05-23 | 2 | 2950 | 800 | 3.70 | 32 |
| 2026-05-24 | 2 | 2950 | 800 | 3.70 | 33 |
| 2026-05-25 | 2 | 2950 | 800 | 3.70 | 34 |
12-Month Market Dynamics & Trend Trajectory
One Sherway - Tower II realized an average rent of $2,881 per month at $3.61 per square foot across four tracked leases, positioning the building 19.5% above the Etobicoke South submarket average lease rent of $2,411 while trading 3.5% below the submarket's $3.74 per square foot benchmark. The premium on nominal rent reflects the building's 800-square-foot 2-Bedroom suites commanding a larger footprint than the submarket's implied 688-square-foot average, even though the per-square-foot rate sits modestly under the local norm. Pricing discipline at One Sherway - Tower II leaned tenant-favorable, with 50% of leases closing below asking and a net negotiation spread of $31 per month (1.1%) in the tenant's direction. The annualized concession of $372 per unit signals that landlords in this small-sample window absorbed a modest discount rather than holding at sticker. No landlord premium or revenue gain was realized; the pattern reflects tenant leverage in a thin-transaction market where Etobicoke South carries only 49 active competing listings.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 2 | 2850 | 800 | 3.56 | 11 |
| 2026-05-24 | 2 | 2913 | 800 | 3.65 | 35 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
One Sherway – Tower II at 225 Sherway Gardens Rd competes within a tight 135-metre cluster of three sibling towers on the same Sherway Gardens corridor, plus one newer mid-rise a kilometre and a third to the south. One Sherway – Tower I (235 Sherway Gardens Rd, 0.04 km, completed 2008) closed 7 leases in the trailing 180 days; One Sherway – The Final Tower (215 Sherway Gardens Rd, 0.11 km, completed 2014) recorded 17 closed leases; and One Sherway – Tower IV (205 Sherway Gardens Rd, 0.12 km, completed 2013) logged 10 closed leases. B-Line Condos at 408 Browns Line (1.35 km, completed 2022) added 5 closed leases to the pool. All four comparables posted active transaction volume, so every figure below reflects realized pricing rather than architectural reference alone. The three Sherway towers span a six-year build window (2008–2014), while B-Line represents a distinctly newer generation of product roughly a decade younger. Across the four-peer set, the overall comp benchmark averages $2,493 per month, $3.51 per square foot, and 734 square feet of interior space. One Sherway – Tower II's realized lease data—$2,881 per month, $3.61 per square foot, and 800 square feet—sits above the comp average on all three axes, placing the subject at the upper end of this immediate pocket in both total footprint scale and nominal rent. The subject's 800-square-foot average suite is roughly 66 square feet larger than the comp mean, and its per-square-foot rate runs about 3 percent above the peer average while remaining 3.5 percent below the broader Etobicoke South submarket lease benchmark of $3.74 per square foot. Built in 2009, the building occupies a mid-tenure position: older than the 2013–2014 towers and B-Line's 2022 delivery, yet newer than Tower I's 2008 completion, giving it a value proposition anchored in established infrastructure with a still-modern interior layout.
Comparable Analysis & Questions
How do rental rates at One Sherway - Tower II compare to neighbouring buildings within Etobicoke South?
One Sherway – Tower II's average realized lease rent of $2,881 per month runs $388 above the four-comp benchmark of $2,493, positioning the subject at the top of its immediate peer set. Against One Sherway – Tower I (235 Sherway Gardens Rd, 0.04 km, 7 closed leases, $2,543 average rent, $3.64 per square foot, 718 square feet), the subject commands a $338-per-month higher rent. One Sherway – The Final Tower (215 Sherway Gardens Rd, 0.11 km, 17 closed leases, $2,443 average rent, $3.62 per square foot, 679 square feet) shows the subject trading $438 higher per month. One Sherway – Tower IV (205 Sherway Gardens Rd, 0.12 km, 10 closed leases, $2,265 average rent, $3.70 per square foot, 620 square feet) reflects the widest gap at $616 per month in the subject's favour. B-Line Condos (408 Browns Line, 1.35 km, 5 closed leases, $2,720 average rent, $3.08 per square foot, 920 square feet) narrows the spread to $161 per month above the subject's realized rent.
Does One Sherway - Tower II offer a competitive price-per-square-foot ($/SF) against local comparables?
One Sherway – Tower II leases at $3.61 per square foot for an average 800-square-foot suite, a rate that sits above the comp average of $3.51 per square foot and 734 square feet while remaining below the Etobicoke South submarket lease benchmark of $3.74 per square foot. Against the three Sherway sibling towers, the subject trades at a discount per square foot—$0.03 below Tower I, $0.01 below The Final Tower, and $0.09 below Tower IV—yet commands a higher nominal monthly rent in every case because it provides 82, 121, and 180 more interior square feet respectively; the rent premium is therefore a function of the larger interior footprint rather than a higher per-unit valuation. B-Line Condos inverts the dynamic: the subject commands a $0.53-per-square-foot (17.2 percent) premium over B-Line's $3.08 rate while delivering 120 fewer square feet, meaning the higher nominal rent here reflects genuine per-unit pricing strength on a smaller suite. Tenants choosing Tower II over the sibling towers gain meaningful extra living area at a modest per-square-foot concession, while those comparing against B-Line trade interior space for a denser, higher-rate product.
How do building age, amenities, and developer reputation impact rent spreads?
One Sherway – Tower II offers a 14-item amenity suite that is nearly coextensive with its three Sherway siblings but materially richer than B-Line Condos' nine-feature package. The subject's signature differentiator within the Sherway cluster is its dedicated Yoga Studio, a wellness facility absent from Tower I, The Final Tower, and Tower IV; conversely, all three sibling towers include a Garden & Courtyard that the subject does not carry. Against B-Line Condos, the subject adds an Indoor Pool, Hot Tub & Jacuzzi, Sauna & Steam Room, Golf Simulator, Media & Theatre Room, Games & Billiards Room, Library & Reading Room, Massage Room, and the Yoga Studio—features B-Line simply does not provide—while B-Line offers a Shared Laundry Room and BBQ Area that the subject lacks. The aquatic-and-wellness cluster (pool, hot tub, sauna, steam, yoga, massage) combined with the golf simulator and full media/games suite positions Tower II squarely for professionals and active households aged 28 to 50 who prioritize on-site recreation and remote-work flexibility over outdoor courtyard access or shared laundry convenience.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around One Sherway - Tower II.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Yoga Studio
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Golf Simulator
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
- Library & Reading Room
- Dining Room & Kitchen
- Rooftop Terrace
- Massage Room
Residential Buildings in the Vicinity
- One Sherway - Tower I37 m
- One Sherway - The Final Tower114 m
- One Sherway - Tower IV120 m
- B-Line Condos1.4 km
- The Fairways2.0 km
- Etobicoke Gardens2.1 km
- Lakeshore Park Estates II2.3 km
- Lakeshore Park Estates Ⅰ2.4 km
- Aquaview2.4 km
- Lakewood by the Park2.4 km
- Watermark2.6 km
- Waterford Terrace2.7 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for One Sherway - Tower 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.