Market Data as of August 31, 2026
III — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
III at 270 Queens Quay W in Toronto's Harbourfront neighbourhood is a 225-suite residential building completed in 1987 by Harbourpoint Developments. As of August 31, 2026, the tower is fully occupied with zero units currently listed for rent, placing its availability rate at 0 percent. Leasing activity remains modest but present: one lease closed in the trailing 30 days at an average of $2,600 per month with a one-day time on market, while three leases closed over the past 90 days averaging $2,583 per month and six days on market.
With no active listings to benchmark, the building's realized lease data provides the clearest pricing picture. The all-time average lease rent of $2,583 per month translates to $3.13 per square foot across an average suite footprint of 827 square feet, a rate 31.1 percent below the Harbourfront submarket's average realized lease rate of $4.44 per square foot. The dominant leased layout is the one-bedroom-plus-den configuration, accounting for 83.3 percent of tracked closed transactions, which positions the building's inventory toward larger, den-equipped suites rather than compact entry-level units.
Marketing friction at III is effectively negligible. The single 30-day lease closed in just one day compared to the Harbourfront submarket average of 23 days, and the building carries zero delisted, expired, or suspended listings. Across all six tracked leases, tenants negotiated an average concession of $17 per month, or 0.67 percent below asking, with 33.3 percent of deals closing under the initial ask. Renter access to this building is currently limited to waitlist or sublease channels; prospective tenants should monitor broader Harbourfront listings, where 34 active units are available across the submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 III (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at III last month, and how fast did they rent?
III at 270 Queens Quay W closed one lease in the trailing 30 days with a 1-day DOM, compared to a 6-day average across the 90-day window and a 23-day Harbourfront submarket benchmark. The building logged three closings over 90 days and six over the full trailing year, with lifetime volume also at six leases. Leasing cadence accelerated sharply in the most recent month, dropping from a 31-day average in May to a single day in August, indicating a compressed absorption window rather than a sustained volume surge.
What is the negotiation spread between asking rents and closed lease prices at III?
III at 270 Queens Quay W closed leases at an average discount of $17 per month (0.67% below asking), delivering $204 in annual tenant savings per unit. One-third of tracked leases (33.3%) settled under the listed asking price, confirming modest tenant leverage and a small landlord concession pattern across the six closed transactions. The net negotiation spread of -$17 per month reflects a tenant-favorable market where landlords trimmed pricing to close deals rather than holding firm at list.
What are typical executed lease prices across different layouts at III?
The 1-Bedroom + Den layout dominates III at 270 Queens Quay W, accounting for five of six leases at an average of $2,560 per month with a 20-day DOM. This moderate sample of five closed leases establishes a reliable benchmark: median rent sits at $2,500, the P25–P75 range spans $2,450 to $2,600, average suite size is 823 square feet, and the realized rate is $3.12 per square foot. The 2-Bedroom + Den tier recorded a single lease at $2,700 per month across 850 square feet ($3.18 per square foot) with a 7-day DOM. That figure represents an individual single transaction, not a broad statistical benchmark, and should be treated as directional only.
What measurable rent premium did suites with parking achieve in closed leases at III?
III at 270 Queens Quay W does not have a reliably isolable leased parking premium, as paired suite-and-parking data is insufficient to calculate a verified monthly add-on. Active asking parking rates are similarly unreliable due to anomalous outliers in the sample, so no defensible parking surcharge can be quoted. Tenants at this building should expect parking costs to be negotiated individually rather than benchmarked against a standardized premium.
How does the lease-to-listing ratio at III reflect current tenant demand?
III at 270 Queens Quay W shows a broadly stable rent trajectory across the April-to-August 2026 window, with monthly averages ranging from $2,500 to $2,625 per month. April closed one lease at $2,500 ($3.33 per square foot) after 26 days on market. May added two leases averaging $2,625 ($3.13 per square foot) with a 31-day DOM. June recorded two closings at $2,575 ($3.14 per square foot) and a 9-day DOM. August closed one lease at $2,600 ($2.89 per square foot) in just one day. The August drop in rate per square foot from $3.14 to $2.89 reflects a larger suite footprint rather than any devaluation of the building's pricing power.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 3 | 2650 | 808 | 3.28 | 21 |
| 2026-04-28 | 3 | 2650 | 808 | 3.28 | 22 |
| 2026-04-29 | 3 | 2650 | 808 | 3.28 | 23 |
| 2026-04-30 | 2 | 2675 | 838 | 3.19 | 24 |
| 2026-05-01 | 1 | 2500 | 800 | 3.13 | 36 |
| 2026-05-02 | 1 | 2500 | 800 | 3.13 | 37 |
| 2026-05-03 | 1 | 2500 | 800 | 3.13 | 38 |
| 2026-05-04 | 1 | 2500 | 800 | 3.13 | 39 |
| 2026-05-05 | 1 | 2500 | 800 | 3.13 | 40 |
| 2026-05-06 | 1 | 2500 | 800 | 3.13 | 41 |
| 2026-05-07 | 1 | 2500 | 800 | 3.13 | 42 |
| 2026-05-08 | 1 | 2500 | 800 | 3.13 | 43 |
| 2026-05-09 | 1 | 2500 | 800 | 3.13 | 44 |
| 2026-05-10 | 1 | 2500 | 800 | 3.13 | 45 |
| 2026-05-11 | 1 | 2500 | 800 | 3.13 | 46 |
| 2026-05-12 | 1 | 2500 | 800 | 3.13 | 47 |
| 2026-06-02 | 1 | 2600 | 850 | 3.06 | N/A |
| 2026-06-03 | 1 | 2600 | 850 | 3.06 | 1 |
| 2026-06-04 | 1 | 2600 | 850 | 3.06 | 2 |
| 2026-06-05 | 1 | 2600 | 850 | 3.06 | 3 |
| 2026-06-06 | 1 | 2600 | 850 | 3.06 | 4 |
| 2026-06-07 | 1 | 2600 | 850 | 3.06 | 5 |
| 2026-06-08 | 1 | 2600 | 850 | 3.06 | 6 |
| 2026-06-19 | 1 | 2450 | 788 | 3.11 | N/A |
| 2026-06-20 | 1 | 2450 | 788 | 3.11 | 1 |
| 2026-06-21 | 1 | 2450 | 788 | 3.11 | 2 |
| 2026-06-22 | 1 | 2450 | 788 | 3.11 | 3 |
| 2026-06-23 | 1 | 2450 | 788 | 3.11 | 4 |
| 2026-06-24 | 1 | 2450 | 788 | 3.11 | 5 |
| 2026-06-25 | 1 | 2450 | 788 | 3.11 | 6 |
| 2026-06-26 | 1 | 2450 | 788 | 3.11 | 7 |
| 2026-06-27 | 1 | 2450 | 788 | 3.11 | 8 |
| 2026-06-28 | 1 | 2450 | 788 | 3.11 | 9 |
| 2026-06-29 | 1 | 2450 | 788 | 3.11 | 10 |
| 2026-08-20 | 1 | 2600 | 900 | 2.89 | N/A |
12-Month Market Dynamics & Trend Trajectory
III at 270 Queens Quay W realizes an average lease rent of $2,583 per month and $3.13 per square foot across six closed transactions, positioning the building 14% below the Harbourfront submarket average of $3,000 and 31% below the submarket's $4.44 per square foot benchmark. This discount reflects the building's 1987 registration and larger suite footprints (averaging 827 square feet) relative to newer, denser Harbourfront inventory, giving tenants more space per dollar than the submarket norm. Pricing discipline at III skews tenant-favorable: one-third of leases closed below asking at an average concession of $17 per month (0.67%), translating to $204 in annual savings per tenant. The net negotiation spread of -$17 per month indicates landlords at this property are willing to trim list prices to close deals rather than hold firm, a pattern consistent with a submarket where 34 active listings compete for a limited tenant pool.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2850 | 875 | 3.26 | 13 |
| 2026-05-03 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-10 | 1 | 2400 | 800 | 3.00 | 48 |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 2700 | 850 | 3.18 | 7 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 1 | 2450 | 788 | 3.11 | 11 |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 1 | 2600 | 900 | 2.89 | 1 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
III at 270 Queens Quay W sits in a tightly clustered Harbourfront pocket where three of its four direct comparables recorded closed lease transactions over the trailing 180 days. Harbourpoint – Phase II (260 Queens Quay W, 0.07 km, built in 1987) logged one closed lease, Harbourpoint – Phase I (250 Queens Quay W, 0.12 km, built in 1986) also closed one lease, and The Riviera (228–230 Queens Quay W, 0.23 km, built in 2003) recorded six closed leases. Admiralty Point (251 Queens Quay W, 0.07 km, built in 1989) registered zero lease transactions in the same window and therefore functions as an architectural and amenity reference rather than an active pricing benchmark. The three 1986–1987 Harbourpoint-era buildings form a near-identical structural generation to III, while The Riviera represents a newer 2003 construction with a distinctly smaller suite footprint. Against the four-comp average of $2,493 per month, $3.29 per square foot, and 778 square feet, III's realized lease profile of $2,583 per month at $3.13 per square foot across 827 square feet positions the building at a modest rent premium but a rate-per-square-foot discount relative to the comp set. The subject's 827-square-foot average suite is 49 square feet larger than the comp mean, and its $3.13 per square foot rate sits 5.2% below the $3.29 comp average. Within the broader Harbourfront submarket, where the average leased rent reaches $3,000 per month at $4.44 per square foot, III trades at a meaningful value discount, reflecting its 1987 construction era and the cost-conscious positioning of its larger-than-average one-bedroom-plus-den layout.
25 Lower Simcoe St, Toronto
Comparable Analysis & Questions
How do rental rates at III compare to neighbouring buildings within Harbourfront?
III at 270 Queens Quay W realized an average lease rent of $2,583 per month over the trailing year, sitting $90 above the four-comp average of $2,493 per month. Harbourpoint – Phase II (260 Queens Quay W, 0.07 km) closed one lease at $2,600 per month ($3.06 per square foot, 850 sq ft), meaning III trades at a $17-per-month lower rent than that peer. Harbourpoint – Phase I (250 Queens Quay W, 0.12 km) also closed one lease at $2,595 per month ($3.05 per square foot, 850 sq ft), placing III $12 per month below that benchmark. The Riviera (228–230 Queens Quay W, 0.23 km) recorded six closed leases averaging $2,283 per month ($3.75 per square foot, 634 sq ft), so III commands a $300-per-month higher rent than The Riviera. Admiralty Point (251 Queens Quay W, 0.07 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark for direct comparison.
Does III offer a competitive price-per-square-foot ($/SF) against local comparables?
III at 270 Queens Quay W leases at $3.13 per square foot across an average 827-square-foot suite, a rate that sits below the four-comp average of $3.29 per square foot and well under the Harbourfront submarket leased benchmark of $4.44 per square foot. Against Harbourpoint – Phase II, III trades at a $0.07-per-square-foot (2.3%) premium while providing 23 fewer interior square feet, so the $17-per-month lower nominal rent is driven entirely by the smaller footprint rather than a weaker rate per square foot. The same dynamic holds against Harbourpoint – Phase I, where III carries a $0.08-per-square-foot (2.6%) premium and 23 fewer square feet, producing a $12-per-month lower monthly rent that reflects the reduced interior area. The trade-off flips with The Riviera: III commands a $300-per-month higher rent yet trades at a $0.62-per-square-foot (16.5%) discount below The Riviera's $3.75 rate, because III provides 193 more interior square feet. In every active comparison, the nominal rent variance is a function of suite size rather than asset-level rate positioning.
How do building age, amenities, and developer reputation impact rent spreads?
III at 270 Queens Quay W offers a nine-item lifestyle package anchored by a running track, squash and racquetball court, tennis and pickleball court, gym, sauna and steam room, rooftop terrace with BBQ area, party and lounge room, and concierge with security. The running track is the single amenity absent from all four nearby competitors, giving III a distinct outdoor-cardio differentiator in an otherwise pool- and spa-heavy peer set. Harbourpoint – Phase II and Phase I both lack the squash and racquetball court that III provides, while The Riviera and Admiralty Point each feature indoor or outdoor pools and hot tubs that III does not include. The Riviera also offers a dedicated meeting room that III omits, trading remote-work infrastructure for the racquet-sport and running-track combination. This amenity mix best serves the active, fitness-oriented professional renter who prioritizes on-site racquet sports, structured cardio routes, and social gathering space over aquatic wellness facilities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around III.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Sauna & Steam Room
- Tennis & Pickleball Court
- Squash & Racquetball Court
- Rooftop Terrace
- BBQ Area
- Party & Lounge Room
- Running Track
Residential Buildings in the Vicinity
- Harbourpoint - Phase II68 m
- Admiralty Point70 m
- Harbourpoint - Phase I124 m
- The Riviera231 m
- Harbour View Estates III - "D"332 m
- Waterclub III350 m
- Infinity Condominiums - The Final Phase358 m
- Ïce Condominiums I371 m
- Harbour Terrace381 m
- Harbour View Estates III - "C"397 m
- Aqua on Queen's Quay402 m
- Waterclub II414 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for III.
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.