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Market Data as of August 31, 2026

Westwood Gardens - West Tower — Rental Market Data

3 Rosewater St, Richmond Hill, Ontario L4C 5T6
Quick Rent Estimate
Active Suites3 Available
Type
Units
Avg Rent
2-Bedroom
3
$2,833

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2022
Total Suites168
DeveloperCollecdev

Westwood Gardens - West Tower at 3 Rosewater Street in Richmond Hill is a 168-suite residential building completed in 2022 by Collecdev, currently showing three active listings against a 1.8 percent availability rate. The building closed two leases in the trailing 30 days at an average of $2,250 per month with a 27-day average time on market, and five leases over the past 90 days averaging $2,350 per month with a 33-day average DOM.

Active asking rents average $2,833 per month at $4.16 per square foot across 683 square feet of average suite size, which is a higher rate per square foot than the $3.85 per square foot realized across all six tracked historical leases. The current listings also carry a larger average footprint of 683 square feet compared to the 606 square feet seen in past closed transactions, meaning the nominal rent premium is partly driven by bigger suites rather than pure rate inflation. Against the Richmond Hill submarket asking benchmark of $3.82 per square foot, Westwood Gardens - West Tower sits 8.9 percent above the broader market rate.

Marketing friction is moderate: the 40-day average DOM on active listings exceeds the submarket benchmark of 28 days, signaling some leasing deceleration despite zero delisted or expired units in the tracking window. Across all six tracked closed leases, tenants negotiated an average discount of $83 per month, or 3.42 percent below asking, with 83.3 percent of deals closing under the initial list price. Active inventory is limited to a single layout tier—three 2-Bedroom units—leaving no 1-Bedroom or studio options currently available for renters at this address.

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Active Rental Inventory & Asking Rates

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

Active Units3
0
Avg Asking Rent$2,833
+$150 (5.6%)
Avg Suite Size683 sf
0 sf
Avg Days on Market40d
+15d (63.0%)
Avg Asking $/SF$4.16
+$0.23 (5.9%)

Active Market Insights & Questions

How has rental availability changed at Westwood Gardens - West Tower recently?

Westwood Gardens - West Tower has three active listings as of August 31, 2026, with asking rents ranging from $2,799 to $2,850 per month, an average of $2,833, and a median of $2,850. All three units average 683 square feet at $4.16 per square foot, and the entire active inventory is 100 percent 2-Bedroom layouts. The current listing pool leans toward mid-size two-bedroom suites rather than compact entry-level one-bedrooms or larger multi-bedroom executive plans.

What floor plans and unit layouts are currently available at Westwood Gardens - West Tower?

The dominant and sole active layout at Westwood Gardens - West Tower is the 2-Bedroom, accounting for all three available units and 100 percent of active inventory. Each of the three listings averages $2,833 per month across 683 square feet at $4.16 per square foot, with no 1-Bedroom, studio, or 3-Bedroom units currently on the market. Renters seeking alternative bedroom configurations at this address must look to the broader Richmond Hill submarket.

What is the average asking rent and $/SF by suite size at Westwood Gardens - West Tower?

Westwood Gardens - West Tower shows a narrow active pricing spread of $51, or 1.8 percent, between the entry asking rent of $2,799 and the peak asking rent of $2,850 per month. The median asking rent sits at $2,850, and the entry-level suite is a 2-Bedroom at 700 square feet priced at $4.00 per square foot. The peak unit is also a 2-Bedroom at 698 square feet asking $4.08 per square foot, confirming that the tight spread reflects near-identical suite sizes rather than a tiered product mix.

How much extra do parking spaces and dens cost at Westwood Gardens - West Tower?

Active den premiums and square-footage deltas at Westwood Gardens - West Tower cannot be quantified from the current three-unit sample, as no paired den versus non-den comparisons exist in the active pool. Parking premium data is likewise inconclusive due to an unreliable outlier or insufficient paired sample, so no verified monthly parking add-on can be quoted for active listings. Historical lease data does confirm a verified parking premium of $117 per month, but this figure reflects past closed transactions rather than current asking conditions.

How do asking rents at Westwood Gardens - West Tower compare to local and municipal benchmarks?

Westwood Gardens - West Tower asks an average of $2,833 per month at $4.16 per square foot, compared to the Richmond Hill submarket asking benchmark of $2,800 per month and $3.82 per square foot. The 8.9 percent premium on a per-square-foot basis is partly explained by the building's larger average suite footprint of 683 square feet versus the submarket norm, which pushes nominal rents modestly above the area average. The building represents three out of 94 active listings in the Richmond Hill submarket, a 3.2 percent share of total available inventory.

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 Westwood Gardens - West Tower (Data period: For the month of August 2026).

Units Leased2
Avg Leased Price$2,250
Avg Leased Size606 sf
Avg Days to Lease27d
Leased $/SF$3.64

Leased Transaction Insights & Questions

How many suites were leased at Westwood Gardens - West Tower last month, and how fast did they rent?

Westwood Gardens - West Tower closed 2 leases in the trailing 30 days at an average DOM of 27, in line with the Richmond Hill submarket benchmark of 28 days. Over the 90-day window, 5 leases closed at an average DOM of 33. Lifetime volume stands at 6 closed leases with a 28-day average DOM. Leasing cadence accelerated into the most recent month, with DOM compressing by 6 days from the 90-day average to the 30-day figure.

What is the negotiation spread between asking rents and closed lease prices at Westwood Gardens - West Tower?

Westwood Gardens - West Tower tenants negotiated an average discount of $83 per month (3.42% below asking), saving $996 per year in annualized rent. 83.3% of tracked leases closed under the listed asking price, confirming consistent tenant leverage across this Richmond Hill building. Landlords are conceding on price rather than holding firm at list, and the pattern holds across 5 of 6 transactions.

What are typical executed lease prices across different layouts at Westwood Gardens - West Tower?

The 1-Bedroom + Den layout anchors Westwood Gardens - West Tower leasing with 4 closed leases averaging $2,238 per month and a 16-day DOM. This is a limited sample of 4 transactions and serves as a directional indicator only. The 1-Bedroom tier reflects a single individual transaction at $2,250 per month, $4.13 per square foot across 545 square feet, with a 10-day DOM. The 2-Bedroom tier also reflects a single individual deal at $2,750 per month, $4.23 per square foot across 650 square feet, with a 91-day DOM. For the 1-Bed + Den tier in detail: median rent $2,225, P25-P75 range $2,188 to $2,275, average size 610 square feet at $3.69 per square foot.

What measurable rent premium did suites with parking achieve in closed leases at Westwood Gardens - West Tower?

Westwood Gardens - West Tower carries a verified leased parking premium of $117 per month, confirmed through paired lease data where parking was explicitly bundled into the asking rent. The 3 active listings are all 2-Bedroom units, but the active parking premium cannot be reliably isolated due to insufficient paired sample or anomalous outliers. Tenants should treat the $117 verified figure as the most reliable benchmark for parking cost at this building.

How does the lease-to-listing ratio at Westwood Gardens - West Tower reflect current tenant demand?

Westwood Gardens - West Tower shows a flat-to-modestly-volatile rent trajectory across the April through August 2026 tracking window, with average rents ranging from $2,200 to $2,500 per month. April closed 1 deal at $2,200 per month, $4.00 per square foot, with a 2-day DOM. June closed 1 deal at $2,250 per month, $4.13 per square foot, with a 10-day DOM. July closed 2 deals at $2,500 per month, $3.85 per square foot, with a 50-day DOM. August closed 2 deals at $2,250 per month, $3.64 per square foot, with a 27-day DOM. The nominal rent step-down from July to August coincides with a shift toward smaller suite footprints, as the rate per square foot also declined from $3.85 to $3.64.

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
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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)
2026-04-27326506504.0822
2026-04-28425506254.0818
2026-04-29425506254.0819
2026-04-30326506504.0825
2026-05-01326506504.0826
2026-05-02326506504.0827
2026-05-03326506504.0828
2026-05-04326506504.0829
2026-05-05326506504.0830
2026-05-06326506504.0831
2026-05-07326506504.0832
2026-05-08225256503.8836
2026-05-09225256503.8837
2026-05-10225256503.8838
2026-05-11225256503.8839
2026-05-12225256503.8840
2026-05-13225256503.8841
2026-05-14225256503.8842
2026-05-15225256503.8843
2026-05-16225256503.8844
2026-05-17225256503.8845
2026-05-18225256503.8846
2026-05-19225256503.8847
2026-05-20225256503.8848
2026-05-21225256503.8849
2026-05-22225256503.8850
2026-05-23225256503.8851
2026-05-24225256503.8852
2026-05-25324506154.0035
2026-05-26324506154.0036
2026-05-27324506154.0037
2026-05-28324506154.0038
2026-05-29324506154.0039
2026-05-30324506154.0040
2026-05-31324506154.0041
2026-06-01324506154.0042
2026-06-02324506154.0043
2026-06-03324506154.0044
2026-06-04225256503.8863
2026-06-05225256503.8864
2026-06-06225256503.8865
2026-06-07225256503.8866
2026-06-08225256503.8867
2026-06-09225256503.8868
2026-06-10225256503.8869
2026-06-11127506504.2358
2026-06-12225756004.3030
2026-06-13225756004.3031
2026-06-14225756004.3032
2026-06-15225756004.3033
2026-06-16225756004.3034
2026-06-17225756004.3035
2026-06-18225756004.3036
2026-06-19225756004.3037
2026-06-20225756004.3038
2026-06-21225756004.3039
2026-06-22225756004.3040
2026-06-23225756004.3041
2026-06-24225756004.3042
2026-06-25325176174.1028
2026-06-26424636253.9622
2026-06-27424636253.9623
2026-06-28424636253.9624
2026-06-29424636253.9625
2026-06-30424636253.9626
2026-07-01424636253.9627
2026-07-02424636253.9628
2026-07-03525306403.9623
2026-07-04525306403.9624
2026-07-05425876384.0729
2026-07-06425876384.0730
2026-07-07425876384.0731
2026-07-08425876384.0732
2026-07-09425876384.0733
2026-07-10425876384.0734
2026-07-11425876384.0735
2026-07-12425876384.0736
2026-07-13425876384.0737
2026-07-14325336334.0221
2026-07-15325336334.0222
2026-07-16325336334.0223
2026-07-17325336334.0224
2026-07-18325336334.0225
2026-07-19325336334.0226
2026-07-20226006753.8521
2026-07-21226006753.8522
2026-07-22326836833.9215
2026-07-23326836833.9216
2026-07-24326836833.9217
2026-07-25326836833.9218
2026-07-26326836833.9219
2026-07-27326836833.9220
2026-07-28326836833.9221
2026-07-29326836833.9222
2026-07-30326836833.9223
2026-07-31326836833.9224
2026-08-01326836833.9225
2026-08-02326836833.9226
2026-08-03326836833.9227
2026-08-04326836833.9228
2026-08-05326836833.9229
2026-08-06326836833.9230
2026-08-07326836833.9231
2026-08-08326836833.9232
2026-08-09228256994.0428
2026-08-10228256994.0429
2026-08-11328336834.1620
2026-08-12328336834.1621
2026-08-13328336834.1622
2026-08-14328336834.1623
2026-08-15328336834.1624
2026-08-16328336834.1625
2026-08-17328336834.1626
2026-08-18427126604.1120
2026-08-19427126604.1121
2026-08-20427126604.1122
2026-08-21427126604.1123
2026-08-22427126604.1124
2026-08-23427126604.1125
2026-08-24427126604.1126
2026-08-25427126604.1127
2026-08-26427126604.1128
2026-08-27328336834.1636
2026-08-28328336834.1637
2026-08-29328336834.1638
2026-08-30328336834.1639
2026-08-31328336834.1640

12-Month Market Dynamics & Trend Trajectory

Westwood Gardens - West Tower realizes an average rent of $2,325 per month across 606 square feet, translating to $3.85 per square foot. The Richmond Hill submarket averages $2,557 per month at $3.63 per square foot across 94 active listings. The building rents $232 per month below the submarket average but commands a 5.2% premium on rate per square foot, meaning tenants pay more for each unit of space while the absolute dollar figure stays under the local norm. Pricing discipline at Westwood Gardens - West Tower skews decisively toward tenant leverage. 83.3% of tracked leases closed below asking price, with an average concession of $83 per month or 3.42% off list. Annualized, this represents $996 in tenant savings per lease. Landlords at this building are not holding firm at list; the consistent discount pattern across 5 of 6 transactions signals a market where tenants carry meaningful negotiating power.

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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
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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)
2026-05-31122505454.1310
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-05122506503.469
2026-07-12127506504.2391
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-09121506503.3145
2026-08-160N/AN/AN/AN/A
2026-08-23123505913.989

Nearby Building Rental Comparables & Price Spreads

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

Westwood Gardens – West Tower at 3 Rosewater St sits in a dense cluster of four nearby competitors within 0.4 kilometres, all recording active lease volume over the trailing 180 days. The closest peers are Westwood Gardens – East Tower at 8868 Yonge St (0.05 km, completed 2022, 16 closed leases) and 8888 Yonge at 8888 Yonge St (0.05 km, completed 2025, 22 closed leases), both in the same immediate block. Slightly further out, Gates of Bayview Glen II at 51 Baffin Crt (0.34 km, completed 2002, 4 closed leases) represents the oldest structural generation in the set, while Era at Yonge at 95 Oneida Cres (0.4 km, completed 2024, 26 closed leases) anchors the highest transaction volume. No competitor in this pocket recorded zero lease transactions, meaning every peer serves as an active pricing benchmark rather than a purely architectural reference. Against the four-comp average of $2,593 per month, $3.67 per square foot, and 721 square feet of interior space, Westwood Gardens – West Tower realizes a lower nominal rent of $2,325 per month on a smaller 606-square-foot footprint while carrying a higher rate of $3.85 per square foot. The building's 168-suite scale and 2022 completion place it squarely in the mid-generation cohort between the 2002-era Gates of Bayview Glen II and the 2025 delivery of 8888 Yonge. The value proposition here is straightforward: renters accept a compact interior in exchange for a modern, fully equipped lifestyle package at a per-square-foot rate that runs modestly above the submarket leased benchmark of $3.63 per square foot, while the total monthly outlay stays below the comp average because the suite simply contains fewer square feet to price.

8868 Yonge St, Richmond Hill

Avg Asking$2,738/mo
Avg $/SF$3.93
Rent Spread:
-$95/mo (-3.3%) Lower

8888 Yonge St, Richmond Hill

Avg Asking$3,051/mo
Avg $/SF$3.97
Rent Spread:
+$218/mo (+7.7%) Higher

51 Baffin Crt, Richmond Hill

Avg Asking$2,200/mo
Avg $/SF$3.57
Rent Spread:
-$633/mo (-22.3%) Lower

95 Oneida Cres, Richmond Hill

Avg Asking$2,819/mo
Avg $/SF$3.67
Rent Spread:
-$14/mo (-0.5%) Lower

65 Oneida Cres, Richmond Hill

Avg Asking$2,765/mo
Avg $/SF$3.41
Rent Spread:
-$68/mo (-2.4%) Lower

3 Ellesmere St, Richmond Hill

Avg Asking$2,157/mo
Avg $/SF$3.67
Rent Spread:
-$676/mo (-23.9%) Lower

Comparable Analysis & Questions

How do rental rates at Westwood Gardens - West Tower compare to neighbouring buildings within Richmond Hill?

Westwood Gardens – West Tower realizes an average lease rent of $2,325 per month, which is $268 below the four-comp benchmark of $2,593 and $232 below the Richmond Hill submarket average of $2,557. Against Westwood Gardens – East Tower at 8868 Yonge St (0.05 km, 16 closed leases, $2,720 average rent, $3.84 per square foot, 726 sq ft), the subject trades at a lower monthly rent of $395. Against 8888 Yonge at 8888 Yonge St (0.05 km, 22 closed leases, $2,792 average rent, $3.73 per square foot, 777 sq ft), the subject trades at a lower monthly rent of $467. Against Era at Yonge at 95 Oneida Cres (0.4 km, 26 closed leases, $2,733 average rent, $3.71 per square foot, 744 sq ft), the subject trades at a lower monthly rent of $408. The one exception is Gates of Bayview Glen II at 51 Baffin Crt (0.34 km, 4 closed leases, $2,125 average rent, $3.39 per square foot, 638 sq ft), where the subject commands a higher monthly rent of $200, reflecting the 20-year age gap and the older building's lower per-square-foot pricing.

Does Westwood Gardens - West Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Westwood Gardens – West Tower leases at $3.85 per square foot on an average 606-square-foot suite, positioning it at a premium over every active competitor on a rate-per-square-foot basis while delivering fewer interior square feet than each one. Versus Westwood Gardens – East Tower (726 sq ft), the subject trades at a $0.01 per square foot (0.3%) premium and provides 120 fewer interior square feet, so the $395 lower monthly rent is driven entirely by the smaller footprint rather than a discount in asset valuation. Against 8888 Yonge (777 sq ft), the subject commands a $0.12 per square foot (3.2%) premium and provides 171 fewer interior square feet, again making the $467 rent differential a space-volume effect. Against Era at Yonge (744 sq ft), the subject carries a $0.14 per square foot (3.8%) premium with 138 fewer interior square feet, producing the $408 lower nominal rent. The outlier is Gates of Bayview Glen II (638 sq ft), where the subject commands a $0.46 per square foot (13.6%) premium on just 32 fewer interior square feet, and the $200 higher monthly rent reflects both the rate gap and the building's 2022 construction versus the 2002 peer. In every active comparison, the subject's lower total rent (except against the 2002-era Gates) is a function of suite size, not a weaker per-square-foot valuation.

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

Westwood Gardens – West Tower offers a ten-feature lifestyle package including concierge and security, gym and fitness centre, yoga studio, dining room and kitchen, pet wash station, media and theatre room, party and lounge room, rooftop terrace, BBQ area, and garden and courtyard. What the building does not carry—indoor or outdoor pool, sauna and steam room, business centre or meeting room, games and billiards room, sports court, kids' play room, EV charging station, or car wash bay—appears across its competitors: Era at Yonge adds an indoor pool, sauna, and EV charging; 8888 Yonge contributes an outdoor pool, business centre, and kids' play room; Westwood Gardens – East Tower includes a sauna, sports court, and car wash bay; and Gates of Bayview Glen II offers a meeting room and games room. The subject's package is strongest in wellness (yoga studio), social gathering (party lounge, media room, rooftop terrace, BBQ), and pet convenience (pet wash station), but it lacks the aquatic, remote-work, and entertainment tiers that differentiate its 2024–2025 peers. This profile best serves young professionals and small households who prioritize a clean, social, pet-friendly living environment with on-site fitness and communal dining over pool access or dedicated business facilities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Westwood Gardens - West Tower.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Dining Room & Kitchen
  • Pet Wash Station
  • Media & Theatre Room
  • Party & Lounge Room
  • Rooftop Terrace
  • BBQ Area
  • Garden & Courtyard

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Westwood Gardens - West Tower.

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.