Skip to Content

Market Data as of August 31, 2026

Lambton Square I — Rental Market Data

240 Scarlett Rd, York, Ontario M6N 4X4
Quick Rent Estimate
Active Suites2 Available
Type
Units
Avg Rent
2-Bedroom
1
$3,000
3-Bedroom+
1
$3,500

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed1976
Total Suites256
DeveloperNot Disclosed

Lambton Square I at 240 Scarlett Road in Weston, York, is a 256-suite residential building completed in 1976 with no developer of record. As of August 31, 2026, two units are actively listed for rent, representing an availability rate of just 0.8 percent and placing the building at 2 out of 12 available listings across the broader Weston submarket. One lease closed in both the trailing 30-day and 90-day windows, with an average days-on-market of 12 days for that single transaction.

Active asking rents average $3,250 per month at a rate of $2.85 per square foot, compared to the single realized lease at $2,900 per month and $2.32 per square foot. The current active inventory averages 1,138 square feet, a more compact footprint than the 1,249 square feet recorded in the historical lease, which means the higher asking rate per square foot reflects tighter suite sizing rather than a pure price escalation. Against the Weston submarket asking benchmark of $3.42 per square foot, Lambton Square I's active rate sits 16.7 percent below the neighbourhood norm.

Marketing friction is a genuine concern here: the two active listings have sat on market for an average of 76 days, more than double the submarket average of 30 days, even though zero units have been delisted or expired during the tracking period. Across the one tracked closed transaction, tenants negotiated an average discount of $100 per month, or 3.33 percent below asking, a concession that translates to roughly $1,200 in annual savings. Inventory depth is extremely thin, with a single two-bedroom unit and a single three-bedroom-plus unit available, meaning renters face zero redundancy in either layout tier.

Get Monthly Rental Market Updates for Lambton Square I

Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.

Strictly monthly updates. One-click unsubscribe at any time.

Active Rental Inventory & Asking Rates

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

Active Units2
-1 (33.3%)
Avg Asking Rent$3,250
+$83 (2.6%)
Avg Suite Size1,138 sf
-37 sf (3.2%)
Avg Days on Market76d
+45d (142.6%)
Avg Asking $/SF$2.85
+$0.15 (5.6%)

Active Market Insights & Questions

How has rental availability changed at Lambton Square I recently?

Lambton Square I has 2 units actively listed as of August 31, 2026, with asking rents ranging from $3,000 to $3,500 per month, an average of $3,250, and a median of $3,250. The active inventory averages 1,138 square feet at an asking rate of $2.85 per square foot, split evenly between a two-bedroom and a three-bedroom-plus layout. Both tiers are single-listing samples, so the building offers no layout redundancy and skews toward mid-size multi-bedroom suites rather than compact entry-level one-bedrooms.

What floor plans and unit layouts are currently available at Lambton Square I?

The dominant active layout at Lambton Square I is the two-bedroom, with 1 unit representing 50 percent of available inventory at an average asking rent of $3,000 per month, 1,100 square feet, and $2.73 per square foot. The three-bedroom-plus tier holds the other 50 percent with 1 unit at $3,500 per month, 1,175 square feet, and $2.98 per square foot. Both tiers are single-listing samples, so neither layout offers a second option for renters comparing unit-to-unit variation.

What is the average asking rent and $/SF by suite size at Lambton Square I?

Lambton Square I's active asking rents span from a minimum of $3,000 to a peak of $3,500 per month, a dollar spread of $500 or 16.7 percent. The median asking rent sits at $3,250 per month, exactly midway between the two listings. The entry-level suite is a two-bedroom at 1,100 square feet and $2.73 per square foot, while the peak offering is a three-bedroom-plus at 1,175 square feet and $2.98 per square foot.

How much extra do parking spaces and dens cost at Lambton Square I?

Den premium data for Lambton Square I cannot be quantified from the current active sample, as no paired den versus non-den transactions exist to isolate the marginal cost per square foot of additional den space. Parking stall premiums are likewise inconclusive; the available data contains anomalous outliers or an insufficient paired sample, so no reliable monthly parking add-on figure can be quoted for active listings.

How do asking rents at Lambton Square I compare to local and municipal benchmarks?

Lambton Square I's active asking rate of $2.85 per square foot sits 16.7 percent below the Weston submarket asking benchmark of $3.42 per square foot, even though the building's nominal average rent of $3,250 per month exceeds the submarket asking average of $2,463. That nominal gap is explained by suite size: the building's active inventory averages 1,138 square feet, a larger footprint than what the submarket asking average implies at the lower per-square-foot rate. The building currently holds 2 out of 12 available listings in the Weston submarket, accounting for roughly 17 percent of all active inventory in the area.

Recent Leased Transactions & Contract Prices

Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Lambton Square I (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,900
Avg Leased Size1,249 sf
Avg Days to Lease12d
Leased $/SF$2.32

Leased Transaction Insights & Questions

How many suites were leased at Lambton Square I last month, and how fast did they rent?

Lambton Square I at 240 Scarlett Rd closed one lease in the trailing 30 days with a 12-day DOM, compared to a 30-day submarket benchmark of 30 days. The 90-day and lifetime figures are identical: one closed lease at 12 days on market. Leasing turnover at this 256-suite building is effectively paused, with a single transaction representing the entire tracked volume across all timeframes.

What is the negotiation spread between asking rents and closed lease prices at Lambton Square I?

Lambton Square I closed its tracked lease $100 per month below asking, a 3.33% discount that translates to $1,200 in annual tenant savings. 100% of tracked leases settled under the listed asking price, confirming clear tenant leverage and a landlord concession on this individual transaction. This is a single-deal data point, not a broad statistical benchmark, but it signals that landlords at this address are willing to move off their initial asking to close a file.

What are typical executed lease prices across different layouts at Lambton Square I?

The sole tracked lease at Lambton Square I is a 2-Bedroom unit averaging $2,900 per month with a 12-day DOM. This represents an individual single transaction, not a broad statistical benchmark. The suite measured 1,249 square feet at a realized rate of $2.32 per square foot, with a median of $2,900 and a P25-P75 range of $2,900 to $2,900 given the single data point.

What measurable rent premium did suites with parking achieve in closed leases at Lambton Square I?

Lambton Square I has no verified leased parking premium to report; the paired data is insufficient to isolate a reliable monthly parking value. Active listings at the building also show an unreliable or outlier parking figure, so no concrete parking dollar amount can be quoted. Tenants should confirm whether parking is bundled into the suite rent or billed separately before signing.

How does the lease-to-listing ratio at Lambton Square I reflect current tenant demand?

Lambton Square I recorded one closed lease in August 2026 at $2,900 per month, 2.32 per square foot, and 12 days on market. With only a single monthly data point in the tracked timeline, no seasonal trajectory or month-over-month progression can be established. The August closing sits above the submarket average lease rent of $2,286 but well below the submarket rate per square foot of 3.22, reflecting the building's larger suite footprints rather than a pricing premium.

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)
2026-04-271320011002.916
2026-04-281320011002.917
2026-04-291320011002.918
2026-04-301320011002.919
2026-05-011320011002.9110
2026-05-021320011002.9111
2026-05-031320011002.9112
2026-05-041320011002.9113
2026-05-05235007236.957
2026-05-06235007236.958
2026-05-07235007236.959
2026-05-08235007236.9510
2026-05-09235007236.9511
2026-05-10235007236.9512
2026-05-11334339155.489
2026-05-12334339155.4810
2026-05-13334339155.4811
2026-05-14334339155.4812
2026-05-15334339155.4813
2026-05-16334339155.4814
2026-05-17334339155.4815
2026-05-18334339155.4816
2026-05-19334339155.4817
2026-05-20334339155.4818
2026-05-21334339155.4819
2026-05-22334339155.4820
2026-05-23334339155.4821
2026-05-24334339155.4822
2026-05-25334339155.4823
2026-05-262325012002.7225
2026-05-273316711672.7217
2026-05-283316711672.7218
2026-05-293316711672.7219
2026-05-303316711672.7220
2026-05-313316711672.7221
2026-06-013316711672.7222
2026-06-023316711672.7223
2026-06-033316711672.7224
2026-06-043316711672.7225
2026-06-053316711672.7226
2026-06-063316711672.7227
2026-06-073316711672.7228
2026-06-083316711672.7229
2026-06-093316711672.7230
2026-06-103316711672.7231
2026-06-113316711672.7232
2026-06-123316711672.7233
2026-06-133316711672.7234
2026-06-143316711672.7235
2026-06-153316711672.7236
2026-06-163316711672.7237
2026-06-173316711672.7238
2026-06-183316711672.7239
2026-06-193316711672.7240
2026-06-203316711672.7241
2026-06-213316711672.7242
2026-06-222310011002.8244
2026-06-232310011002.8245
2026-06-242310011002.8246
2026-06-252310011002.8247
2026-06-262310011002.8248
2026-06-272310011002.8249
2026-06-282310011002.8250
2026-06-292310011002.8251
2026-06-302310011002.8252
2026-07-012310011002.8253
2026-07-022310011002.8254
2026-07-032310011002.8255
2026-07-042310011002.8256
2026-07-052310011002.8257
2026-07-063323311252.8739
2026-07-073323311252.8740
2026-07-083323311252.8741
2026-07-093323311252.8742
2026-07-103323311252.8743
2026-07-113323311252.8744
2026-07-123323311252.8745
2026-07-133323311252.8746
2026-07-143323311252.8747
2026-07-153323311252.8748
2026-07-163323311252.8749
2026-07-173323311252.8750
2026-07-183323311252.8751
2026-07-193323311252.8752
2026-07-203323311252.8753
2026-07-212325011382.8535
2026-07-222325011382.8536
2026-07-232325011382.8537
2026-07-242325011382.8538
2026-07-252325011382.8539
2026-07-262325011382.8540
2026-07-273316711752.7027
2026-07-283316711752.7028
2026-07-293316711752.7029
2026-07-303316711752.7030
2026-07-313316711752.7031
2026-08-013316711752.7032
2026-08-023316711752.7033
2026-08-033316711752.7034
2026-08-043316711752.7035
2026-08-053316711752.7036
2026-08-063316711752.7037
2026-08-073316711752.7038
2026-08-082325011382.8553
2026-08-092325011382.8554
2026-08-102325011382.8555
2026-08-112325011382.8556
2026-08-122325011382.8557
2026-08-132325011382.8558
2026-08-142325011382.8559
2026-08-152325011382.8560
2026-08-162325011382.8561
2026-08-172325011382.8562
2026-08-182325011382.8563
2026-08-192325011382.8564
2026-08-202325011382.8565
2026-08-212325011382.8566
2026-08-222325011382.8567
2026-08-232325011382.8568
2026-08-242325011382.8569
2026-08-252325011382.8570
2026-08-262325011382.8571
2026-08-272325011382.8572
2026-08-282325011382.8573
2026-08-292325011382.8574
2026-08-302325011382.8575
2026-08-312325011382.8576

12-Month Market Dynamics & Trend Trajectory

Lambton Square I's realized rent of $2,900 per month sits roughly 27% above the Weston submarket average lease rent of $2,286, yet its rate of $2.32 per square foot runs 28% below the submarket average of 3.22 per square foot. The building's 1,249-square-foot suites deliver substantially more space per dollar than the typical Weston lease, positioning Lambton Square I as a large-format, lower-density option in a submarket where the average unit is tighter and pricier on a per-square-foot basis. Pricing discipline at Lambton Square I leans decisively toward the tenant. The single tracked lease closed $100 per month (3.33%) below asking, representing a landlord concession of $1,200 in annualized savings for the incoming tenant. 100% of tracked transactions settled under the listed price, and with only one deal in the dataset this is an individual transaction rather than a statistical pattern. Still, the direction is unambiguous: landlords at this address are conceding ground to close files rather than holding firm at asking.

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
Show min/max boundaries

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)
2026-08-021290012492.3212

Nearby Building Rental Comparables & Price Spreads

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

Lambton Square I at 240 Scarlett Rd sits within a tight cluster of four comparables along the same arterial corridor in the Weston submarket. Two buildings recorded active lease volume over the trailing 180 days: Lambton Square II at 250 Scarlett Rd, 0.12 kilometres away and completed in 1975, closed one lease transaction; and Eglinton Park Place at 3559 Eglinton Ave W, 1.72 kilometres to the west and completed in 1988, also closed one lease. The remaining two peers—Lambton Square III at 260 Scarlett Rd (0.12 km, completed 1977) and Lambton Square IV at 270 Scarlett Rd (0.2 km, completed 1978)—each recorded zero closed leases in the same window, functioning as architectural and amenity references rather than active pricing benchmarks. The four buildings span a narrow 1975-to-1978 completion band for the Scarlett Road trio, while Eglinton Park Place represents a later 1988 generation roughly a decade newer. Against the four-comp aggregate benchmark of $2,350 average rent, $2.90 per square foot, and 817 average square feet, Lambton Square I's single realized lease at $2,900 per month and 1,249 square feet positions the building as a larger-footprint, lower-rate-per-square-foot product. The subject's $2.32 per square foot realized rate sits well below the comp average of $2.90 per square foot, a gap driven entirely by its 432-square-foot advantage in interior area over the benchmark suite. At 256 suites and a 1976 completion, the building offers a mid-century scale that the three adjacent Lambton Square towers share structurally, but its realized lease profile reflects a premium on total monthly cost offset by a materially more generous interior footprint.

260 Scarlett Rd, York

Avg Asking$2,575/mo
Avg $/SF$3.33
Rent Spread:
-$675/mo (-20.8%) Lower

250 Scarlett Rd, York

Avg Asking$2,150/mo
Avg $/SF$2.53
Rent Spread:
-$1,100/mo (-33.8%) Lower

25 Fontenay Crt, Etobicoke

Avg Asking$2,750/mo
Avg $/SF$3.06
Rent Spread:
-$500/mo (-15.4%) Lower

35 Fontenay Crt, Etobicoke

Avg Asking$2,800/mo
Avg $/SF$3.41
Rent Spread:
-$450/mo (-13.8%) Lower

38 Fontenay Crt, Etobicoke

Avg Asking$2,788/mo
Avg $/SF$3.40
Rent Spread:
-$462/mo (-14.2%) Lower

40 Richview Road, Etobicoke

Avg Asking$2,700/mo
Avg $/SF$2.45
Rent Spread:
-$550/mo (-16.9%) Lower

Comparable Analysis & Questions

How do rental rates at Lambton Square I compare to neighbouring buildings within Weston?

Lambton Square I's average realized lease rent of $2,900 per month exceeds the four-comp benchmark of $2,350 by $550, with both active competitors pricing below the subject. Lambton Square II at 250 Scarlett Rd, 0.12 kilometres away, closed one lease at an average of $2,150 per month ($2.53 per square foot across 850 square feet), meaning the subject commands a $750-per-month higher rent than that immediate neighbour. Eglinton Park Place at 3559 Eglinton Ave W, 1.72 kilometres distant, closed one lease at $2,550 per month ($3.26 per square foot across 783 square feet), placing the subject $350 above that benchmark. Lambton Square III (260 Scarlett Rd) and Lambton Square IV (270 Scarlett Rd) each recorded zero closed leases over the trailing 180 days, so neither provides a realized rent figure against which to benchmark the subject's pricing.

Does Lambton Square I offer a competitive price-per-square-foot ($/SF) against local comparables?

Lambton Square I's realized rate of $2.32 per square foot across an average 1,249-square-foot suite undercuts both active nearby alternatives on a per-square-foot basis while delivering substantially more interior area. Against Lambton Square II, the subject trades at a $0.21 per square foot (8.3%) discount below that competitor's $2.53 per square foot rate, yet provides 399 more interior square feet—so the $750 higher nominal rent is a footprint effect, not a per-unit valuation premium. The same dynamic holds against Eglinton Park Place: the subject offers a $0.94 per square foot (28.8%) discount below that building's $3.26 per square foot while delivering 466 additional square feet, meaning the $350 rent differential is driven by the larger interior footprint rather than a higher asset valuation per unit of space. Tenants at Lambton Square I are paying more in total monthly cost but receiving a meaningfully larger living area at a lower cost per square foot than either active competitor.

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

Lambton Square I provides a nine-feature lifestyle package including an outdoor pool, gym and fitness centre, party and lounge room, meeting room, car wash bay, library and reading room, sauna and steam room, BBQ area, and shared laundry room—solid mid-century amenities that nonetheless trail several nearby peers on specific lifestyle offerings. Lambton Square II adds a concierge and security desk, a garden and courtyard, and a woodworking room that the subject lacks; Lambton Square III layers in concierge service, an EV charging station, and a garden courtyard; Lambton Square IV swaps the subject's outdoor pool for an indoor pool and adds concierge coverage. Eglinton Park Place differentiates with a games and billiards room, an outdoor children's playground, and a pet wash station, none of which appear in the subject's amenity list. The absence of concierge security, EV charging, and dedicated pet or family play facilities positions Lambton Square I as the value-oriented choice for cost-conscious families and professionals who prioritize a large interior footprint, a full wellness suite (pool, sauna, gym), and social gathering space over 24-hour staffing or niche lifestyle add-ons.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Lambton Square I.

Building Amenities

  • Outdoor Pool
  • Gym & Fitness Centre
  • Party & Lounge Room
  • Meeting Room
  • Car Wash Bay
  • Library & Reading Room
  • Sauna & Steam Room
  • BBQ Area
  • Shared Laundry Room

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Lambton Square I.

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.