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Market Data as of August 31, 2026

Spring at Gardens — Rental Market Data

23 Sheppard Ave E, North York, Ontario M2N 0C8
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
3
$2,367
1-Bedroom + Den
2
$2,400
2-Bedroom + Den
2
$3,150

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2010
Total Suites342
DeveloperMinto Communities

Developed by Minto Communities in 2010, Spring at Gardens stands at 23 Sheppard Ave E within North York City Centre, featuring 342 suites across an established residential building footprint. Current active inventory consists of 7 listings, representing a 2.0% availability rate. Over the trailing 90-day window, the building recorded 10 closed leases averaging 26 days on market, while zero leasing transactions were recorded over the past 30 days.

Active asking rents average $2,600 per month at $4.07 per square foot, tracking closely against realized 90-day leases which averaged $2,568 per month at $3.92 per square foot across an average of 656 square feet. Current active listings command a higher rate per square foot compared to the broader submarket asking benchmark of $3.84 per square foot, while nominal asking rents remain slightly below the submarket average of $2,753 per month due to more compact suite sizing.

Tenants currently hold favorable market leverage, securing an average discount of $58 per month or 2.12% below asking across 58.3% of closed leases. Prospective renters looking for 1-Bedroom layouts benefit from a small selection of 3 available units, whereas 2-Bedroom + Den configurations offer limited availability with 2 active listings.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Spring at Gardens as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units7
+5 (250.0%)
Avg Asking Rent$2,600
+$175 (7.2%)
Avg Suite Size647 sf
+97 sf (17.6%)
Avg Days on Market22d
+3d (17.3%)
Avg Asking $/SF$4.07
-$0.33 (7.6%)

Active Market Insights & Questions

How has rental availability changed at Spring at Gardens recently?

Spring at Gardens carries 7 active listings as of August 31, 2026, with asking prices ranging from $2,300 to $3,200 per month, an average rent of $2,600 per month, and a median rent of $2,400 per month. Active inventory averages 647 square feet with an asking rate of $4.07 per square foot. 1-Bedroom suites dominate the active inventory with a 42.9% share, skewing the overall availability toward compact entry-level footprints.

What floor plans and unit layouts are currently available at Spring at Gardens?

1-Bedroom layouts represent the dominant active layout at Spring at Gardens, accounting for 3 listings and a 42.9% inventory share with an average rent of $2,367 per month across 550 square feet at $4.30 per square foot. 1-Bedroom + Den suites comprise 2 listings or 28.6% of inventory, asking an average of $2,400 per month across 589 square feet at $4.10 per square foot. 2-Bedroom + Den configurations make up the remaining 2 listings or 28.6% of inventory, averaging $3,150 per month across 850 square feet at $3.71 per square foot.

What is the average asking rent and $/SF by suite size at Spring at Gardens?

Spring at Gardens exhibits a minimum entry rent of $2,300 per month and a peak asking rent of $3,200 per month, establishing a dollar spread of $900 per month or a 39.1% variance. The median asking rent sits at $2,400 per month. Entry-level availability consists of a 1-Bedroom suite spanning 550 square feet at $4.18 per square foot, while the peak tier features a 2-Bedroom + Den suite spanning 850 square feet at $3.76 per square foot.

How much extra do parking spaces and dens cost at Spring at Gardens?

Spring at Gardens commands an active den premium of $33 per month for an additional 39 square feet of interior space. This extra den space delivers a marginal cost of $0.85 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

How do asking rents at Spring at Gardens compare to local and municipal benchmarks?

Spring at Gardens features an active asking rent of $2,600 per month at $4.07 per square foot, comparing against the North York City Centre submarket asking benchmark of $2,753 per month at $3.84 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot tracks 6.0% above the submarket asking average while representing a 3.2% share of total submarket active inventory.

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.

Suite Filters
Select layout to filter chart
Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27227757004.0330
2026-04-28227757004.0331
2026-04-29227757004.0332
2026-04-30227757004.0333
2026-05-01329177503.9423
2026-05-02329177503.9424
2026-05-03329177503.9425
2026-05-04428637254.0019
2026-05-05528207104.0116
2026-05-06528207104.0117
2026-05-07528207104.0118
2026-05-08528207104.0119
2026-05-09528207104.0120
2026-05-10528207104.0121
2026-05-11528207104.0122
2026-05-12528207104.0123
2026-05-13528207104.0124
2026-05-14528207104.0125
2026-05-15528207104.0126
2026-05-16528207104.0127
2026-05-17528207104.0128
2026-05-18528207104.0129
2026-05-19428637254.0034
2026-05-20428637254.0035
2026-05-21428637254.0036
2026-05-22428637254.0037
2026-05-23529507703.8931
2026-05-24529507703.8932
2026-05-25529507703.8933
2026-05-26529507703.8934
2026-05-27529507703.8935
2026-05-28430888253.7735
2026-05-29628587333.9724
2026-05-30628587333.9725
2026-05-31528007104.0214
2026-06-01627086834.0412
2026-06-02727647073.9811
2026-06-03727647073.9812
2026-06-04727647073.9813
2026-06-05727647073.9814
2026-06-06727647073.9815
2026-06-07727647073.9816
2026-06-08628337333.9319
2026-06-09527607103.9616
2026-06-10527607103.9617
2026-06-11527607103.9618
2026-06-12527607103.9619
2026-06-13527607103.9620
2026-06-14527607103.9621
2026-06-15527607103.9622
2026-06-16527607103.9623
2026-06-17527607103.9624
2026-06-18428887503.9327
2026-06-19428887503.9328
2026-06-20428887503.9329
2026-06-21428887503.9330
2026-06-22428887503.9331
2026-06-23527907303.8825
2026-06-24427137003.9428
2026-06-25427137003.9429
2026-06-26427137003.9430
2026-06-27427137003.9431
2026-06-28427137003.9432
2026-06-29324676174.0121
2026-06-30324676174.0122
2026-07-01324676174.0123
2026-07-02324676174.0124
2026-07-03324676174.0125
2026-07-04324676174.0126
2026-07-05324676174.0127
2026-07-06424636004.1221
2026-07-07323835834.118
2026-07-08223755504.326
2026-07-09223755504.327
2026-07-10323335404.325
2026-07-11323335404.326
2026-07-12323335404.327
2026-07-13323335404.328
2026-07-14323335404.329
2026-07-15323335404.3210
2026-07-16323335404.3211
2026-07-17223505354.399
2026-07-18323675404.387
2026-07-19323675404.388
2026-07-20224255504.418
2026-07-21224255504.419
2026-07-22224255504.4110
2026-07-23224255504.4111
2026-07-24224255504.4112
2026-07-25224255504.4113
2026-07-26224255504.4114
2026-07-27224255504.4115
2026-07-28224255504.4116
2026-07-29224255504.4117
2026-07-30224255504.4118
2026-07-31224255504.4119
2026-08-01224255504.4120
2026-08-02224255504.4121
2026-08-03224255504.4122
2026-08-04224255504.4123
2026-08-05224255504.4124
2026-08-06224255504.4125
2026-08-07224255504.4126
2026-08-08224255504.4127
2026-08-09224255504.4128
2026-08-10323835504.3319
2026-08-11323835504.3320
2026-08-12323835504.3321
2026-08-13425886254.1917
2026-08-14425886254.1918
2026-08-15425886254.1919
2026-08-16425886254.1920
2026-08-17425886254.1921
2026-08-18525406254.1017
2026-08-19525406254.1018
2026-08-20525406254.1019
2026-08-21525406254.1020
2026-08-22525406254.1021
2026-08-23525406254.1022
2026-08-24525406254.1023
2026-08-25525406254.1024
2026-08-26525406254.1025
2026-08-27525406254.1026
2026-08-28626336634.0323
2026-08-29626336634.0324
2026-08-30726006474.0721
2026-08-31726006474.0722

12-Month Market Dynamics & Trend Trajectory

Spring at Gardens has achieved a lifetime leasing volume of 12 closed transactions with an average monthly rent of $2,554 per month, a rate of $3.96 per square foot, and an average suite size of 656 square feet. Tenant turnover maintains a steady pace with a lifetime average of 26 days on market, reflecting consistent demand across North York City Centre. Pricing discipline at the building exhibits measurable tenant leverage, with 58.3% of transactions closing below asking price. Tenants secured an average discount of $58 per month or 2.12% off list prices, yielding $696 in annual tenant savings as landlords offered concessions to secure occupancy.

Loading inventory data…

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.

Property & transaction filters
Chart metrics & timeframe
Max 2 selected
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-17125756503.9614
2026-05-24124005504.3637
2026-05-310N/AN/AN/AN/A
2026-06-07227757004.0225
2026-06-14122505504.0917
2026-06-21129508503.4722
2026-06-28228007503.8734
2026-07-05224006503.6940
2026-07-12123005504.1818
2026-07-19122255204.2810

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

Spring at Gardens competes directly with a tight cluster of nearby residential high-rises in North York City Centre, anchored by Centre at 2 Anndale Dr/5 Sheppard Ave E located 0.03 kilometers away with a 2014 completion year and 23 active listings, Cosmo II at 31 Bales Ave located 0.08 kilometers away built in 2006 with 11 active listings, Cosmo I at 35 Bales Ave located 0.08 kilometers away built in 2006 with 11 active listings, and Radiance @ Gardens at 33 Sheppard Ave E located 0.09 kilometers away completed in 2004 with 16 active listings. These buildings represent two distinct structural eras, with the early-2000s towers like Cosmo I, Cosmo II, and Radiance @ Gardens offering mature footprints alongside mid-2010s developments like Centre. Positioned against an overall competitive set averaging $2,470 per month, $3.83 per square foot, and 660 square feet, Spring at Gardens sits firmly in the middle of this micro-market. The building's realized performance reflects its 2010 construction completion year, striking a balance between the compact, highly efficient floor plans of older mid-2000s stock and the larger scale of mid-decade alternatives while trading at a modest premium per square foot due to its central location and modern amenity package.

Centre26 m

2 Anndale Dr/5 Sheppard Ave E, North York

Avg Asking$2,763/mo
Avg $/SF$3.88
Rent Spread:
+$164/mo (+6.3%) Higher

31 Bales Ave, North York

Avg Asking$2,497/mo
Avg $/SF$3.77
Rent Spread:
-$103/mo (-4.0%) Lower

35 Bales Ave, North York

Avg Asking$2,367/mo
Avg $/SF$3.88
Rent Spread:
-$232/mo (-8.9%) Lower

33 Sheppard Ave E, North York

Avg Asking$2,510/mo
Avg $/SF$3.96
Rent Spread:
-$90/mo (-3.4%) Lower

17 Anndale Dr, North York

Avg Asking$3,060/mo
Avg $/SF$3.60
Rent Spread:
+$460/mo (+17.7%) Higher

9 Bogert Ave, North York

Avg Asking$2,843/mo
Avg $/SF$3.89
Rent Spread:
+$243/mo (+9.3%) Higher

Comparable Analysis & Questions

How do rental rates at Spring at Gardens compare to neighbouring buildings within North York City Centre?

Spring at Gardens achieves an average lease rent of $2,554 per month, trading above the overall competitive benchmark average of $2,470 per month while sitting competitively among key nearby buildings such as Centre, Cosmo I, Cosmo II, and Radiance @ Gardens. Specifically, Centre (2 Anndale Dr/5 Sheppard Ave E, 0.03 kilometers away) reports an average lease rent of $2,789 per month at $3.88 per square foot across an average of 729 square feet. Cosmo II (31 Bales Ave, 0.08 kilometers away) records an average lease rent of $2,511 per month at $3.70 per square foot across 691 square feet. Cosmo I (35 Bales Ave, 0.08 kilometers away) posts an average lease rent of $2,179 per month at $3.87 per square foot across a more compact 563 square feet. Finally, Radiance @ Gardens (33 Sheppard Ave E, 0.09 kilometers away) averages $2,400 per month at $3.86 per square foot across 658 square feet.

Does Spring at Gardens offer a competitive price-per-square-foot ($/SF) against local comparables?

Spring at Gardens establishes its value proposition by realizing an average lease rate of $3.96 per square foot across an average suite size of 656 square feet, positioning it slightly above the submarket's average leased rate per square foot of $3.75 while remaining closely aligned with immediate local alternatives. Renters evaluating Spring at Gardens versus older nearby towers navigate clear architectural trade-offs: compared to Cosmo I at 35 Bales Ave, which averages 563 square feet at $3.87 per square foot, Spring at Gardens provides more interior square footage (656 square feet on average) at a comparable rate structure. Meanwhile, compared to Centre at 2 Anndale Dr/5 Sheppard Ave E, which features larger 729-square-foot layouts at $3.88 per square foot, Spring at Gardens offers a more manageable total monthly financial commitment through slightly more efficient sizing without sacrificing modern building finishes or central North York City Centre accessibility.

How do building age, amenities, and developer reputation impact rent spreads?

Spring at Gardens delivers a comprehensive lifestyle and amenity profile that rivals or exceeds its immediate neighbours, featuring signature offerings including a 24-hour concierge and security service, a fully equipped gym and fitness centre, a dedicated yoga studio, an indoor pool, and an outdoor BBQ area with a garden and courtyard. When contrasted against nearby competitors, Spring at Gardens matches the extensive recreational catalog found at Centre (which includes an outdoor pool, EV charging stations, and a rooftop terrace) and surpasses the fitness and social facilities found at Cosmo II (31 Bales Ave) and Cosmo I (35 Bales Ave), which lack specialized spaces like yoga studios or dedicated dining rooms. Furthermore, while Radiance @ Gardens (33 Sheppard Ave E) offers unique additions like a golf simulator and music room, Spring at Gardens maintains a comparable wellness focus with its hot tub, sauna, and steam room. This robust amenity suite particularly serves young professionals and couples seeking an active, community-oriented urban lifestyle without leaving the building.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Spring at Gardens.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Spring at Gardens.

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.