Canvas Condos — Rental Market Data

Canvas Condos carries five active listings as of August 31, 2026, spanning $1,850 to $2,500 per month with an average asking rent of $2,165 and a median of $2,200. Suites average 560 square feet at an asking rate of $3.92 per square foot. The inventory splits evenly between one-bedroom and two-bedroom layouts at 40 percent each, with a single one-bedroom plus den unit rounding out the mix, indicating a balanced spread rather than a concentration in compact entry-level or multi-bedroom executive suites.

One-bedroom and two-bedroom layouts tie as the dominant active configurations, each holding two listings and a 40 percent share of available inventory. One-bedroom suites average $1,913 per month across 475 square feet at $4.11 per square foot, while two-bedroom units average $2,400 per month across 650 square feet at $3.69 per square foot. The remaining 20 percent is a single one-bedroom plus den listing at $2,200 per month, 550 square feet, and $4.00 per square foot.

Canvas Condos offers active availability from $1,850 to $2,500 per month, a $650 spread representing a 35.1 percent range across the five listings. The median asking rent of $2,200 per month sits near the midpoint of that band. The entry-level suite is a one-bedroom at 400 square feet priced at $4.63 per square foot, while the peak listing is a two-bedroom at 650 square feet priced at $3.85 per square foot, reflecting the inverse relationship between suite size and unit pricing within the building.

Canvas Condos carries a verified active den premium of $288 per month for an additional 75 square feet of space, equating to a marginal cost of $3.84 per square foot for the extra den area. Verified parking stall costs stand at $200 per month in current active listings, while historical leases established a $150 per month benchmark, indicating a modest upward adjustment in parking pricing over time.

Canvas Condos asks an average of $2,165 per month at $3.92 per square foot, compared to the Toronto East submarket asking benchmark of $2,611 per month and $3.98 per square foot. The building's 1.5 percent discount on a per-square-foot basis confirms that the lower nominal rent reflects both slightly more compact average suite sizing and a marginally more competitive unit pricing position. Canvas Condos accounts for five of the 74 active listings in the Toronto East submarket, representing approximately 6.8 percent of total available inventory.

Canvas Condos at 2301 Danforth Ave leases at an average of $2,357 per month, which is $57 below the four-comparable average of $2,414 and sits $159 under the Toronto East submarket benchmark of $2,516. Danny Danforth at 2369 Danforth Ave reports an average lease rent of $2,366 per month at $3.96 per square foot on 605 square feet of space. Linx Condominiums at 286 Main St averages $2,477 per month at $3.56 per square foot across 705 square feet. Carmelina at 2055 Danforth Ave shows an average of $2,400 per month at $3.71 per square foot on 650 square feet. Upper Beaches Lofts at 214 Main St had no closed lease transactions in the trailing 180 days, so no rent benchmark is available for that property.

Canvas Condos trades at $4.03 per square foot on an average 586-square-foot suite, positioning it at a premium over every nearby competitor with recorded lease data while offering the smallest interior footprint in the set. Against Danny Danforth (605 sq ft at $3.96/sq ft), the subject provides 19 fewer square feet but charges $0.07 more per square foot. Compared to Linx Condominiums (705 sq ft at $3.56/sq ft), the subject offers 119 fewer square feet at a $0.47 per square foot premium. Versus Carmelina (650 sq ft at $3.71/sq ft), the subject delivers 64 fewer square feet at a $0.32 per square foot higher rate. The trade-off is clear: renters at Canvas Condos accept a more compact, efficient layout in a 2020-built building and pay a per-square-foot premium for that density, while those seeking larger suites at a lower rate per square foot would gravitate toward Linx or Carmelina.

Canvas Condos offers a focused amenity suite of concierge and security, gym and fitness centre, dedicated yoga studio, party and lounge room, dining room and kitchen, rooftop terrace, and BBQ area—a package that is leaner than its larger neighbours but more purpose-built for active, social renters. Where Linx Condominiums at 286 Main St provides an indoor pool, business centre, games and billiards room, media and theatre room, kids' play room, and garden courtyard, Canvas Condos instead concentrates on a dedicated yoga studio and rooftop terrace that Linx also offers but without the sprawling indoor recreation floor plan. Danny Danforth at 2369 Danforth Ave adds a pet wash station and meeting room that Canvas Condos does not include. Carmelina at 2055 Danforth Ave features a business centre, media and theatre room, and garden courtyard absent from the subject building. Upper Beaches Lofts at 214 Main St offers an indoor pool and sauna and steam room that Canvas Condos does not match. The lifestyle package at Canvas Condos best serves young professionals and active renters who prioritise a compact, walkable Danforth Avenue address with a dedicated yoga studio, rooftop social space, and full-time concierge over the larger indoor recreation suites found at Linx or Upper Beaches.