Market Data as of August 31, 2026
Spring at Gardens — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
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 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.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 2 | 2775 | 700 | 4.03 | 30 |
| 2026-04-28 | 2 | 2775 | 700 | 4.03 | 31 |
| 2026-04-29 | 2 | 2775 | 700 | 4.03 | 32 |
| 2026-04-30 | 2 | 2775 | 700 | 4.03 | 33 |
| 2026-05-01 | 3 | 2917 | 750 | 3.94 | 23 |
| 2026-05-02 | 3 | 2917 | 750 | 3.94 | 24 |
| 2026-05-03 | 3 | 2917 | 750 | 3.94 | 25 |
| 2026-05-04 | 4 | 2863 | 725 | 4.00 | 19 |
| 2026-05-05 | 5 | 2820 | 710 | 4.01 | 16 |
| 2026-05-06 | 5 | 2820 | 710 | 4.01 | 17 |
| 2026-05-07 | 5 | 2820 | 710 | 4.01 | 18 |
| 2026-05-08 | 5 | 2820 | 710 | 4.01 | 19 |
| 2026-05-09 | 5 | 2820 | 710 | 4.01 | 20 |
| 2026-05-10 | 5 | 2820 | 710 | 4.01 | 21 |
| 2026-05-11 | 5 | 2820 | 710 | 4.01 | 22 |
| 2026-05-12 | 5 | 2820 | 710 | 4.01 | 23 |
| 2026-05-13 | 5 | 2820 | 710 | 4.01 | 24 |
| 2026-05-14 | 5 | 2820 | 710 | 4.01 | 25 |
| 2026-05-15 | 5 | 2820 | 710 | 4.01 | 26 |
| 2026-05-16 | 5 | 2820 | 710 | 4.01 | 27 |
| 2026-05-17 | 5 | 2820 | 710 | 4.01 | 28 |
| 2026-05-18 | 5 | 2820 | 710 | 4.01 | 29 |
| 2026-05-19 | 4 | 2863 | 725 | 4.00 | 34 |
| 2026-05-20 | 4 | 2863 | 725 | 4.00 | 35 |
| 2026-05-21 | 4 | 2863 | 725 | 4.00 | 36 |
| 2026-05-22 | 4 | 2863 | 725 | 4.00 | 37 |
| 2026-05-23 | 5 | 2950 | 770 | 3.89 | 31 |
| 2026-05-24 | 5 | 2950 | 770 | 3.89 | 32 |
| 2026-05-25 | 5 | 2950 | 770 | 3.89 | 33 |
| 2026-05-26 | 5 | 2950 | 770 | 3.89 | 34 |
| 2026-05-27 | 5 | 2950 | 770 | 3.89 | 35 |
| 2026-05-28 | 4 | 3088 | 825 | 3.77 | 35 |
| 2026-05-29 | 6 | 2858 | 733 | 3.97 | 24 |
| 2026-05-30 | 6 | 2858 | 733 | 3.97 | 25 |
| 2026-05-31 | 5 | 2800 | 710 | 4.02 | 14 |
| 2026-06-01 | 6 | 2708 | 683 | 4.04 | 12 |
| 2026-06-02 | 7 | 2764 | 707 | 3.98 | 11 |
| 2026-06-03 | 7 | 2764 | 707 | 3.98 | 12 |
| 2026-06-04 | 7 | 2764 | 707 | 3.98 | 13 |
| 2026-06-05 | 7 | 2764 | 707 | 3.98 | 14 |
| 2026-06-06 | 7 | 2764 | 707 | 3.98 | 15 |
| 2026-06-07 | 7 | 2764 | 707 | 3.98 | 16 |
| 2026-06-08 | 6 | 2833 | 733 | 3.93 | 19 |
| 2026-06-09 | 5 | 2760 | 710 | 3.96 | 16 |
| 2026-06-10 | 5 | 2760 | 710 | 3.96 | 17 |
| 2026-06-11 | 5 | 2760 | 710 | 3.96 | 18 |
| 2026-06-12 | 5 | 2760 | 710 | 3.96 | 19 |
| 2026-06-13 | 5 | 2760 | 710 | 3.96 | 20 |
| 2026-06-14 | 5 | 2760 | 710 | 3.96 | 21 |
| 2026-06-15 | 5 | 2760 | 710 | 3.96 | 22 |
| 2026-06-16 | 5 | 2760 | 710 | 3.96 | 23 |
| 2026-06-17 | 5 | 2760 | 710 | 3.96 | 24 |
| 2026-06-18 | 4 | 2888 | 750 | 3.93 | 27 |
| 2026-06-19 | 4 | 2888 | 750 | 3.93 | 28 |
| 2026-06-20 | 4 | 2888 | 750 | 3.93 | 29 |
| 2026-06-21 | 4 | 2888 | 750 | 3.93 | 30 |
| 2026-06-22 | 4 | 2888 | 750 | 3.93 | 31 |
| 2026-06-23 | 5 | 2790 | 730 | 3.88 | 25 |
| 2026-06-24 | 4 | 2713 | 700 | 3.94 | 28 |
| 2026-06-25 | 4 | 2713 | 700 | 3.94 | 29 |
| 2026-06-26 | 4 | 2713 | 700 | 3.94 | 30 |
| 2026-06-27 | 4 | 2713 | 700 | 3.94 | 31 |
| 2026-06-28 | 4 | 2713 | 700 | 3.94 | 32 |
| 2026-06-29 | 3 | 2467 | 617 | 4.01 | 21 |
| 2026-06-30 | 3 | 2467 | 617 | 4.01 | 22 |
| 2026-07-01 | 3 | 2467 | 617 | 4.01 | 23 |
| 2026-07-02 | 3 | 2467 | 617 | 4.01 | 24 |
| 2026-07-03 | 3 | 2467 | 617 | 4.01 | 25 |
| 2026-07-04 | 3 | 2467 | 617 | 4.01 | 26 |
| 2026-07-05 | 3 | 2467 | 617 | 4.01 | 27 |
| 2026-07-06 | 4 | 2463 | 600 | 4.12 | 21 |
| 2026-07-07 | 3 | 2383 | 583 | 4.11 | 8 |
| 2026-07-08 | 2 | 2375 | 550 | 4.32 | 6 |
| 2026-07-09 | 2 | 2375 | 550 | 4.32 | 7 |
| 2026-07-10 | 3 | 2333 | 540 | 4.32 | 5 |
| 2026-07-11 | 3 | 2333 | 540 | 4.32 | 6 |
| 2026-07-12 | 3 | 2333 | 540 | 4.32 | 7 |
| 2026-07-13 | 3 | 2333 | 540 | 4.32 | 8 |
| 2026-07-14 | 3 | 2333 | 540 | 4.32 | 9 |
| 2026-07-15 | 3 | 2333 | 540 | 4.32 | 10 |
| 2026-07-16 | 3 | 2333 | 540 | 4.32 | 11 |
| 2026-07-17 | 2 | 2350 | 535 | 4.39 | 9 |
| 2026-07-18 | 3 | 2367 | 540 | 4.38 | 7 |
| 2026-07-19 | 3 | 2367 | 540 | 4.38 | 8 |
| 2026-07-20 | 2 | 2425 | 550 | 4.41 | 8 |
| 2026-07-21 | 2 | 2425 | 550 | 4.41 | 9 |
| 2026-07-22 | 2 | 2425 | 550 | 4.41 | 10 |
| 2026-07-23 | 2 | 2425 | 550 | 4.41 | 11 |
| 2026-07-24 | 2 | 2425 | 550 | 4.41 | 12 |
| 2026-07-25 | 2 | 2425 | 550 | 4.41 | 13 |
| 2026-07-26 | 2 | 2425 | 550 | 4.41 | 14 |
| 2026-07-27 | 2 | 2425 | 550 | 4.41 | 15 |
| 2026-07-28 | 2 | 2425 | 550 | 4.41 | 16 |
| 2026-07-29 | 2 | 2425 | 550 | 4.41 | 17 |
| 2026-07-30 | 2 | 2425 | 550 | 4.41 | 18 |
| 2026-07-31 | 2 | 2425 | 550 | 4.41 | 19 |
| 2026-08-01 | 2 | 2425 | 550 | 4.41 | 20 |
| 2026-08-02 | 2 | 2425 | 550 | 4.41 | 21 |
| 2026-08-03 | 2 | 2425 | 550 | 4.41 | 22 |
| 2026-08-04 | 2 | 2425 | 550 | 4.41 | 23 |
| 2026-08-05 | 2 | 2425 | 550 | 4.41 | 24 |
| 2026-08-06 | 2 | 2425 | 550 | 4.41 | 25 |
| 2026-08-07 | 2 | 2425 | 550 | 4.41 | 26 |
| 2026-08-08 | 2 | 2425 | 550 | 4.41 | 27 |
| 2026-08-09 | 2 | 2425 | 550 | 4.41 | 28 |
| 2026-08-10 | 3 | 2383 | 550 | 4.33 | 19 |
| 2026-08-11 | 3 | 2383 | 550 | 4.33 | 20 |
| 2026-08-12 | 3 | 2383 | 550 | 4.33 | 21 |
| 2026-08-13 | 4 | 2588 | 625 | 4.19 | 17 |
| 2026-08-14 | 4 | 2588 | 625 | 4.19 | 18 |
| 2026-08-15 | 4 | 2588 | 625 | 4.19 | 19 |
| 2026-08-16 | 4 | 2588 | 625 | 4.19 | 20 |
| 2026-08-17 | 4 | 2588 | 625 | 4.19 | 21 |
| 2026-08-18 | 5 | 2540 | 625 | 4.10 | 17 |
| 2026-08-19 | 5 | 2540 | 625 | 4.10 | 18 |
| 2026-08-20 | 5 | 2540 | 625 | 4.10 | 19 |
| 2026-08-21 | 5 | 2540 | 625 | 4.10 | 20 |
| 2026-08-22 | 5 | 2540 | 625 | 4.10 | 21 |
| 2026-08-23 | 5 | 2540 | 625 | 4.10 | 22 |
| 2026-08-24 | 5 | 2540 | 625 | 4.10 | 23 |
| 2026-08-25 | 5 | 2540 | 625 | 4.10 | 24 |
| 2026-08-26 | 5 | 2540 | 625 | 4.10 | 25 |
| 2026-08-27 | 5 | 2540 | 625 | 4.10 | 26 |
| 2026-08-28 | 6 | 2633 | 663 | 4.03 | 23 |
| 2026-08-29 | 6 | 2633 | 663 | 4.03 | 24 |
| 2026-08-30 | 7 | 2600 | 647 | 4.07 | 21 |
| 2026-08-31 | 7 | 2600 | 647 | 4.07 | 22 |
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 $696 in annual tenant savings as landlords offered concessions to secure occupancy.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-17 | 1 | 2575 | 650 | 3.96 | 14 |
| 2026-05-24 | 1 | 2400 | 550 | 4.36 | 37 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 2 | 2775 | 700 | 4.02 | 25 |
| 2026-06-14 | 1 | 2250 | 550 | 4.09 | 17 |
| 2026-06-21 | 1 | 2950 | 850 | 3.47 | 22 |
| 2026-06-28 | 2 | 2800 | 750 | 3.87 | 34 |
| 2026-07-05 | 2 | 2400 | 650 | 3.69 | 40 |
| 2026-07-12 | 1 | 2300 | 550 | 4.18 | 18 |
| 2026-07-19 | 1 | 2225 | 520 | 4.28 | 10 |
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.
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
Residential Buildings in the Vicinity
- Centre26 m
- Cosmo II83 m
- Cosmo I84 m
- Radiance @ Gardens93 m
- Savvy Condominiums98 m
- Emerald Park - East Tower209 m
- Flo Condos219 m
- Emerald Park - West Tower235 m
- Pied a Terre in Avondale304 m
- One Avondale Lofts331 m
- The Atrium I351 m
- Rodeo Walk375 m
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.
