Market Data as of August 31, 2026
Southside Residences at Gramercy Park — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Southside Residences at Gramercy Park, situated at 31 Tippett Rd in the Downsview neighborhood of North York, is an established residential building completed in 2021 by Malibu Investments Inc. comprising 489 suites. Currently, the property features 5 active listings, yielding an availability rate of 1.0%. Over the trailing 90-day period, the building recorded 17 closed leases with an average of 25 days on the market, while the last 30 days saw 5 closed leases with an average of 19 days on the market.
Active asking rents average $2,670 per month at $3.69 per square foot across an average footprint of 729 square feet, comparing against realized 90-day leases averaging $2,288 per month at $3.72 per square foot across 642 square feet. Current active listings skew toward larger floor plans compared to historical leases, while the building's active rate per square foot tracks below the submarket asking benchmark of $3.87 per square foot.
Marketing friction remains low, evidenced by closed deals clearing in an average of 25 days compared to 43 days for unrented inventory, while 40.0% of recent leases secured tenant discounts averaging 1.95% below asking. Prospective tenants will find that 2-Bedroom + Den layouts offer the deepest active selection holding a 60% share of available inventory, whereas 1-Bedroom + Den and standard 2-Bedroom configurations are restricted to single active listings.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Southside Residences at Gramercy Park as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Southside Residences at Gramercy Park recently?
Southside Residences at Gramercy Park has 5 active listings as of August 31, 2026, spanning a price range of $2,300 per month to $3,150 per month, an average rent of $2,670 per month, and a median asking rent of $2,650 per month. The active inventory averages 729 square feet with an asking rate of $3.69 per square foot. Multi-bedroom configurations dominate the available pool, with 2-Bedroom + Den layouts accounting for 60% of current active inventory, indicating that available stock leans toward larger, family-sized executive layouts rather than compact entry-level suites.
What floor plans and unit layouts are currently available at Southside Residences at Gramercy Park?
The 2-Bedroom + Den layout serves as motion-dominant active offering at Southside Residences at Gramercy Park, accounting for 3 listings and a 60% inventory share with an average rent of $2,800 per month, a median rent of $2,650 per month, an average size of 782 square feet, and an asking rate of $3.57 per square foot. The 1-Bedroom + Den tier represents a single active listing comprising a 20% share, asking $2,300 per month across 550 square feet at $4.18 per square foot. Standard 2-Bedroom suites also occupy a 20% share with 1 active listing asking $2,650 per month across 750 square feet at $3.53 per square foot.
What is the average asking rent and $/SF by suite size at Southside Residences at Gramercy Park?
Southside Residences at Gramercy Park exhibits an asking rent range from a minimum entry rent of $2,300 per month to a peak asking rent of $3,150 per month, creating a dollar spread of $850 and a percentage spread of 37%. Median asking rent sits at $2,650 per month. The entry-level suite is a 1-Bedroom + Den layout spanning 550 square feet with an asking rate of $4.18 per square foot, while the peak suite is a 2-Bedroom + Den layout spanning 846 square feet with an asking rate of $3.72 per square foot.
How much extra do parking spaces and dens cost at Southside Residences at Gramercy Park?
Southside Residences at Gramercy Park features an active den premium that is unquantified with no active den square footage delta or marginal price per square foot available. Verified parking stalls are available at an additional cost of $225 per month.
How do asking rents at Southside Residences at Gramercy Park compare to local and municipal benchmarks?
Southside Residences at Gramercy Park asks an average rent of $2,670 per month at $3.69 per square foot, which compares against the Downsview submarket asking benchmark of $2,472 per month at $3.87 per square foot. The higher nominal monthly outlay at the subject property is driven by more expansive suite sizing rather than inflated unit pricing, as reflected by the building asking rate sitting 4.7% below the submarket asking benchmark per square foot across its active inventory share.
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 Southside Residences at Gramercy Park (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Southside Residences at Gramercy Park last month, and how fast did they rent?
At Southside Residences at Gramercy Park, leasing velocity registered an average of 19 days on market over the 30-day window, 25 days over the 90-day window, and a lifetime average of 28 days compared to a submarket benchmark of 27 days. Closed lease counts tracked at 5 units over the recent 30-day period, 17 units over the 90-day window, and 30 total historical transactions. Leasing turnover accelerated significantly over the late summer, demonstrating strong absorption among incoming renters.
What is the negotiation spread between asking rents and closed lease prices at Southside Residences at Gramercy Park?
At Southside Residences at Gramercy Park, transactions closed with an average discount of $46 per month, representing a 1.95% reduction from initial asking prices and generating $552 in annual tenant savings. Exactly 40.0% of leases closed under asking, reflecting tenant-favorable market leverage and landlord concessions during negotiations.
What are typical executed lease prices across different layouts at Southside Residences at Gramercy Park?
Southside Residences at Gramercy Park is anchored by high-volume 1-Bedroom + Den layouts averaging $2,296 per month over 22 days, and 1-Bedroom suites averaging $1,900 per month over 31 days. Every single bedroom tier is itemized as follows: 1-Bedroom + Den recorded 14 closed leases with an average rent of $2,296 per month, a median rent of $2,300 per month, a P25-P75 range of $2,212 to $2,300 per month, an average square footage of 650 square feet, a rate of $3.55 per square foot, and 22 days on market. 1-Bedroom suites recorded 6 closed leases averaging $1,900 per month, a median rent of $1,900 per month, a P25-P75 range of $1,900 to $1,900 per month, an average square footage of 444 square feet, a rate of $4.36 per square foot, and 31 days on market. The 2-Bedroom tier recorded 4 closed leases with an average rent of $2,548 per month, a median rent of $2,570 per month, a P25-P75 range of $2,525 to $2,592 per month, an average size of 750 square feet, a rate of $3.40 per square foot, and 30 days on market. The 2-Bedroom + Den tier recorded 4 closed leases with an average rent of $2,550 per month, a median rent of $2,575 per month, a P25-P75 range of $2,425 to $2,700 per month, an average size of 750 square feet, a rate of $3.40 per square foot, and 31 days on market. The 3-Bedroom+ tier features a closed count of 1 lease averaging $3,250 per month, a median rent of $3,250 per month, a P25-P75 range of $3,250 to $3,250 per month, an average size of 1,100 square feet, a rate of $2.95 per square foot, and 62 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The Studio tier comprises 1 closed lease with an average rent of $1,650 per month, a median rent of $1,650 per month, a P25-P75 range of $1,650 to $1,650 per month, an average size of 400 square feet, a rate of $4.13 per square foot, and 61 days on market (note that this represents an individual deal rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Southside Residences at Gramercy Park?
At Southside Residences at Gramercy Park, verified parking additions commanded a realized lease premium of $191 per month. Parking spaces are commonly bundled directly into larger two-bedroom and multi-room suites while remaining a distinct line item for smaller floor plans. Active asking rates for parking currently sit at $225 per month.
How does the lease-to-listing ratio at Southside Residences at Gramercy Park reflect current tenant demand?
At Southside Residences at Gramercy Park, monthly average rents followed a fluctuating trajectory from spring through late summer. April recorded 4 closed leases at an average rent of $2,285 per month and $3.71 per square foot over 22 days. May followed with 8 closed leases averaging $2,394 per month at $3.49 per square foot over 35 days. June posted 5 closed leases at an average rent of $2,220 per month and $3.62 per square foot over 40 days. July saw 8 closed leases averaging $2,238 per month at $3.77 per square foot over 24 days. August concluded the tracked period with 5 closed leases averaging $2,310 per month and $3.81 per square foot over 19 days.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Southside Residences at Gramercy Park (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Southside Residences at Gramercy Park, and what was their re-listing price compared to previous asking?
At Southside Residences at Gramercy Park, exactly 1 unit was delisted, representing a 20% delisted-to-leased ratio comprising 1 terminated listing, 0 expired listings, and 0 suspended listings. This metric indicates a healthy operational market where only 1 listing is pulled for every 5 successful leases.
How do asking prices on de-listed suites compare to executed leases and active listings at Southside Residences at Gramercy Park?
At Southside Residences at Gramercy Park, unrented units asked an average of $2,100 per month, representing a nominal dollar spread of $210 per month below realized lease averages and a rate-per-square-foot of $3.82 per square foot. Unrented listings recorded a lower nominal asking price because they were concentrated in smaller floor plans, but commanded a higher rate per square foot than the building's historical all-time lease average ($3.67 per square foot), demonstrating that prospective tenants pushed back on high-density rate-per-square-foot pricing.
What market friction causes rental listings to stall or de-list at Southside Residences at Gramercy Park?
At Southside Residences at Gramercy Park, unrented units averaged 43 days on market compared to 28 days for successfully leased units. The 24 days of excess marketing time translates directly into nearly one month of lost rental income and ongoing condo maintenance fees, highlighting the carrying cost of pricing pushback.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 15 | 2383 | 681 | 3.56 | 24 |
| 2026-04-28 | 15 | 2383 | 681 | 3.56 | 25 |
| 2026-04-29 | 15 | 2373 | 674 | 3.58 | 25 |
| 2026-04-30 | 17 | 2394 | 671 | 3.63 | 23 |
| 2026-05-01 | 17 | 2394 | 671 | 3.63 | 24 |
| 2026-05-02 | 17 | 2394 | 671 | 3.63 | 25 |
| 2026-05-03 | 18 | 2406 | 676 | 3.62 | 25 |
| 2026-05-04 | 18 | 2397 | 665 | 3.67 | 24 |
| 2026-05-05 | 17 | 2347 | 639 | 3.71 | 23 |
| 2026-05-06 | 16 | 2359 | 645 | 3.71 | 22 |
| 2026-05-07 | 15 | 2353 | 644 | 3.70 | 24 |
| 2026-05-08 | 15 | 2353 | 644 | 3.70 | 25 |
| 2026-05-09 | 15 | 2353 | 644 | 3.70 | 26 |
| 2026-05-10 | 15 | 2353 | 644 | 3.70 | 27 |
| 2026-05-11 | 15 | 2353 | 644 | 3.70 | 28 |
| 2026-05-12 | 14 | 2364 | 644 | 3.72 | 28 |
| 2026-05-13 | 13 | 2349 | 636 | 3.75 | 29 |
| 2026-05-14 | 13 | 2349 | 636 | 3.75 | 30 |
| 2026-05-15 | 12 | 2341 | 634 | 3.75 | 28 |
| 2026-05-16 | 12 | 2341 | 634 | 3.75 | 29 |
| 2026-05-17 | 12 | 2341 | 634 | 3.75 | 30 |
| 2026-05-18 | 12 | 2341 | 634 | 3.75 | 31 |
| 2026-05-19 | 12 | 2341 | 634 | 3.75 | 32 |
| 2026-05-20 | 11 | 2336 | 624 | 3.80 | 34 |
| 2026-05-21 | 10 | 2330 | 631 | 3.74 | 37 |
| 2026-05-22 | 10 | 2305 | 611 | 3.81 | 35 |
| 2026-05-23 | 10 | 2305 | 611 | 3.81 | 36 |
| 2026-05-24 | 10 | 2305 | 611 | 3.81 | 37 |
| 2026-05-25 | 8 | 2338 | 619 | 3.82 | 39 |
| 2026-05-26 | 8 | 2338 | 619 | 3.82 | 40 |
| 2026-05-27 | 8 | 2356 | 631 | 3.77 | 38 |
| 2026-05-28 | 8 | 2356 | 631 | 3.77 | 39 |
| 2026-05-29 | 8 | 2356 | 631 | 3.77 | 40 |
| 2026-05-30 | 8 | 2356 | 631 | 3.77 | 41 |
| 2026-05-31 | 8 | 2356 | 631 | 3.77 | 42 |
| 2026-06-01 | 6 | 2433 | 650 | 3.76 | 42 |
| 2026-06-02 | 7 | 2450 | 664 | 3.71 | 37 |
| 2026-06-03 | 8 | 2431 | 663 | 3.69 | 33 |
| 2026-06-04 | 8 | 2431 | 663 | 3.69 | 34 |
| 2026-06-05 | 8 | 2431 | 663 | 3.69 | 35 |
| 2026-06-06 | 8 | 2431 | 663 | 3.69 | 36 |
| 2026-06-07 | 8 | 2431 | 663 | 3.69 | 37 |
| 2026-06-08 | 7 | 2450 | 664 | 3.71 | 43 |
| 2026-06-09 | 6 | 2467 | 683 | 3.62 | 37 |
| 2026-06-10 | 6 | 2467 | 683 | 3.62 | 38 |
| 2026-06-11 | 5 | 2470 | 690 | 3.59 | 44 |
| 2026-06-12 | 5 | 2470 | 690 | 3.59 | 45 |
| 2026-06-13 | 5 | 2470 | 690 | 3.59 | 46 |
| 2026-06-14 | 5 | 2470 | 690 | 3.59 | 47 |
| 2026-06-15 | 5 | 2360 | 620 | 3.91 | 46 |
| 2026-06-16 | 5 | 2360 | 620 | 3.91 | 47 |
| 2026-06-17 | 5 | 2360 | 620 | 3.91 | 48 |
| 2026-06-18 | 5 | 2360 | 620 | 3.91 | 49 |
| 2026-06-19 | 3 | 2350 | 600 | 4.07 | 42 |
| 2026-06-20 | 3 | 2350 | 600 | 4.07 | 43 |
| 2026-06-21 | 4 | 2363 | 613 | 3.98 | 33 |
| 2026-06-22 | 4 | 2363 | 613 | 3.98 | 34 |
| 2026-06-23 | 4 | 2363 | 613 | 3.98 | 35 |
| 2026-06-24 | 4 | 2363 | 613 | 3.98 | 36 |
| 2026-06-25 | 4 | 2363 | 613 | 3.98 | 37 |
| 2026-06-26 | 5 | 2250 | 570 | 4.08 | 31 |
| 2026-06-27 | 5 | 2250 | 570 | 4.08 | 32 |
| 2026-06-28 | 6 | 2258 | 583 | 3.99 | 27 |
| 2026-06-29 | 6 | 2258 | 583 | 3.99 | 28 |
| 2026-06-30 | 7 | 2321 | 593 | 4.01 | 25 |
| 2026-07-01 | 7 | 2321 | 593 | 4.01 | 26 |
| 2026-07-02 | 7 | 2321 | 593 | 4.01 | 27 |
| 2026-07-03 | 7 | 2321 | 593 | 4.01 | 28 |
| 2026-07-04 | 8 | 2300 | 600 | 3.93 | 25 |
| 2026-07-05 | 8 | 2300 | 600 | 3.93 | 26 |
| 2026-07-06 | 8 | 2288 | 600 | 3.91 | 16 |
| 2026-07-07 | 7 | 2286 | 593 | 3.96 | 18 |
| 2026-07-08 | 8 | 2281 | 600 | 3.90 | 17 |
| 2026-07-09 | 9 | 2261 | 594 | 3.89 | 16 |
| 2026-07-10 | 10 | 2285 | 610 | 3.83 | 15 |
| 2026-07-11 | 11 | 2286 | 605 | 3.86 | 15 |
| 2026-07-12 | 10 | 2290 | 600 | 3.90 | 17 |
| 2026-07-13 | 10 | 2290 | 600 | 3.90 | 18 |
| 2026-07-14 | 10 | 2290 | 600 | 3.90 | 19 |
| 2026-07-15 | 9 | 2294 | 594 | 3.95 | 21 |
| 2026-07-16 | 10 | 2325 | 610 | 3.91 | 20 |
| 2026-07-17 | 9 | 2361 | 622 | 3.84 | 19 |
| 2026-07-18 | 9 | 2361 | 622 | 3.84 | 20 |
| 2026-07-19 | 8 | 2431 | 650 | 3.76 | 21 |
| 2026-07-20 | 8 | 2431 | 650 | 3.76 | 22 |
| 2026-07-21 | 8 | 2431 | 650 | 3.76 | 23 |
| 2026-07-22 | 8 | 2431 | 650 | 3.76 | 24 |
| 2026-07-23 | 7 | 2393 | 650 | 3.70 | 25 |
| 2026-07-24 | 7 | 2364 | 636 | 3.74 | 14 |
| 2026-07-25 | 7 | 2364 | 636 | 3.74 | 15 |
| 2026-07-26 | 7 | 2364 | 636 | 3.74 | 16 |
| 2026-07-27 | 7 | 2364 | 636 | 3.74 | 17 |
| 2026-07-28 | 7 | 2364 | 636 | 3.74 | 18 |
| 2026-07-29 | 7 | 2364 | 636 | 3.74 | 19 |
| 2026-07-30 | 7 | 2364 | 636 | 3.74 | 20 |
| 2026-07-31 | 5 | 2310 | 610 | 3.80 | 18 |
| 2026-08-01 | 5 | 2310 | 610 | 3.80 | 19 |
| 2026-08-02 | 5 | 2310 | 610 | 3.80 | 20 |
| 2026-08-03 | 5 | 2310 | 610 | 3.80 | 21 |
| 2026-08-04 | 4 | 2263 | 600 | 3.79 | 25 |
| 2026-08-05 | 4 | 2263 | 600 | 3.79 | 26 |
| 2026-08-06 | 4 | 2263 | 600 | 3.79 | 27 |
| 2026-08-07 | 3 | 2183 | 583 | 3.77 | 30 |
| 2026-08-08 | 3 | 2183 | 583 | 3.77 | 31 |
| 2026-08-09 | 3 | 2183 | 583 | 3.77 | 32 |
| 2026-08-10 | 4 | 2300 | 625 | 3.71 | 25 |
| 2026-08-11 | 4 | 2300 | 625 | 3.71 | 26 |
| 2026-08-12 | 5 | 2240 | 580 | 3.97 | 21 |
| 2026-08-13 | 5 | 2240 | 580 | 3.97 | 22 |
| 2026-08-14 | 6 | 2317 | 608 | 3.91 | 20 |
| 2026-08-15 | 7 | 2357 | 629 | 3.84 | 18 |
| 2026-08-16 | 7 | 2357 | 629 | 3.84 | 19 |
| 2026-08-17 | 6 | 2392 | 625 | 3.93 | 16 |
| 2026-08-18 | 5 | 2330 | 600 | 4.00 | 19 |
| 2026-08-19 | 5 | 2330 | 600 | 4.00 | 20 |
| 2026-08-20 | 6 | 2467 | 641 | 3.95 | 18 |
| 2026-08-21 | 5 | 2540 | 659 | 3.98 | 14 |
| 2026-08-22 | 5 | 2540 | 659 | 3.98 | 15 |
| 2026-08-23 | 5 | 2540 | 659 | 3.98 | 16 |
| 2026-08-24 | 5 | 2540 | 659 | 3.98 | 17 |
| 2026-08-25 | 5 | 2540 | 659 | 3.98 | 18 |
| 2026-08-26 | 5 | 2540 | 659 | 3.98 | 19 |
| 2026-08-27 | 4 | 2675 | 724 | 3.73 | 21 |
| 2026-08-28 | 5 | 2670 | 729 | 3.69 | 17 |
| 2026-08-29 | 5 | 2670 | 729 | 3.69 | 18 |
| 2026-08-30 | 5 | 2670 | 729 | 3.69 | 19 |
| 2026-08-31 | 5 | 2670 | 729 | 3.69 | 20 |
12-Month Market Dynamics & Trend Trajectory
Southside Residences at Gramercy Park has established a reliable leasing history across 30 lifetime transactions, maintaining an overall average rent of $2,295 per month, a rate of $3.67 per square foot, and an average suite size of 642 square feet alongside a lifetime average of 28 days on market. Properties in the building reflect steady tenant turnover and consistent absorption across multiple floor plan tiers. Pricing discipline across the building demonstrates a balanced market environment where a significant portion of transactions successfully close below asking price. Tenants capitalized on negotiation leverage, securing an average monthly discount of $46 per month, or 1.95% off initial asking prices, which yielded $552 in annualized tenant savings.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 2 | 2775 | 875 | 3.25 | 36 |
| 2026-05-10 | 1 | 2300 | 650 | 3.54 | 70 |
| 2026-05-17 | 2 | 2325 | 750 | 3.10 | 20 |
| 2026-05-24 | 3 | 2217 | 571 | 3.89 | 32 |
| 2026-05-31 | 1 | 1650 | 400 | 4.13 | 61 |
| 2026-06-07 | 1 | 2300 | 650 | 3.54 | 5 |
| 2026-06-14 | 3 | 2383 | 683 | 3.48 | 45 |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 1 | 2250 | 650 | 3.46 | 9 |
| 2026-07-12 | 4 | 2188 | 613 | 3.72 | 13 |
| 2026-07-19 | 3 | 2300 | 600 | 3.94 | 44 |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 2 | 2400 | 650 | 3.69 | 16 |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 2 | 2425 | 700 | 3.45 | 24 |
| 2026-08-23 | 1 | 1900 | 400 | 4.75 | 15 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Southside Residences at Gramercy Park competes directly with a cluster of established and newly delivered multi-family properties along the Wilson Avenue corridor in Downsview, anchored by Gramercy Park built in 2013 (0.03 km away with 15 active leases), Express Condos built in 2023 (0.14 km away with 23 active leases), The Station built in 2016 (0.17 km away with 14 active leases), and Nordic built in 2024 (0.2 km away with 50 active leases). These properties span a decade of rapid transit-oriented development, contrasting mid-2010s mid-rise density with newer high-density master-planned communities. Positioned within this competitive micro-market, Southside Residences at Gramercy Park registers an average leased rate of $3.67 per square foot across an average suite size of 642 square feet, aligning closely with the overall competitive benchmark average of $3.74 per square foot across 675 square feet. Completed in 2021, the building occupies a balanced middle tier in age and scale, offering modern layouts that trade at a competitive rate per square foot relative to newer deliveries while providing functional interior footprints.
Comparable Analysis & Questions
How do rental rates at Southside Residences at Gramercy Park compare to neighbouring buildings within Downsview?
Southside Residences at Gramercy Park achieves an average lease rent of $2,295 per month, closely tracking the overall competitor average of $2,367 per month across benchmark properties including Gramercy Park, Express Condos, The Station, and Nordic. Gramercy Park (525 Wilson Ave) averages $2,389 per month at $3.79 per square foot across 669 square feet. Express Condos (8 Tippett Rd) reports an average lease rent of $2,301 per month at $3.78 per square foot across 633 square feet. The Station (555-565 Wilson Ave) commands an average lease rent of $2,526 per month at $3.34 per square foot across a larger average layout of 828 square feet. Nordic (500 Wilson Ave) leases at an average of $2,253 per month at $4.03 per square foot across more compact 571-square-foot footprints.
Does Southside Residences at Gramercy Park offer a competitive price-per-square-foot ($/SF) against local comparables?
Southside Residences at Gramercy Park positions itself as a balanced value choice in Downsview, leasing at an average of $3.67 per square foot across 642 square feet compared to the broader submarket average of $3.77 per square foot. Renters evaluating Southside against Nordic (500 Wilson Ave) benefit from more interior space, as the subject building provides more square footage (642 square feet vs. 571 square feet) and offers a more competitive rate per square foot ($3.67 per square foot vs. $4.03 per square foot), avoiding the premium pricing attached to brand-new 2024 construction. Against The Station (555-565 Wilson Ave), which averages 828 square feet at $3.34 per square foot, Southside offers a more modern 2021 vintage layout structure while commanding a higher rate per square foot. When compared to Express Condos (8 Tippett Rd) at $3.78 per square foot and Gramercy Park (525 Wilson Ave) at $3.79 per square foot, Southside offers a lower rate per square foot while maintaining comparable lifestyle standards.
How do building age, amenities, and developer reputation impact rent spreads?
Southside Residences at Gramercy Park provides an extensive, resort-style amenity package along the Wilson Avenue corridor. Signature features include an outdoor pool, an indoor kids' play room, a dedicated pet wash station, a sauna and steam room, and a rooftop terrace. When contrasted with Gramercy Park (525 Wilson Ave), which features an indoor pool and hot tub, Southside matches wellness programming by pairing its sauna and steam room with a specialized yoga studio and outdoor pool. Against Express Condos (8 Tippett Rd)—which offers a gym, party room, rooftop terrace, and courtyard—Southside introduces substantially broader shared spaces, including a dining room and kitchen, a library and reading room, and an indoor kids' play room. Similarly, while Nordic (500 Wilson Ave) provides a dog run, business centre, and outdoor calisthenics area, Southside differentiates itself with an indoor pool, a dedicated pet wash station, and extensive outdoor gardens. This amenity suite particularly serves young professionals, couples, and growing families seeking comprehensive wellness and social spaces on-site.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Southside Residences at Gramercy Park.
Building Amenities
- Concierge & Security
- Shared Laundry Room
- Gym & Fitness Centre
- Yoga Studio
- Outdoor Pool
- Sauna & Steam Room
- Party & Lounge Room
- Dining Room & Kitchen
- Library & Reading Room
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
- Kids' Play Room - Indoor
- Pet Wash Station
Residential Buildings in the Vicinity
- Gramercy Park32 m
- Express Condos141 m
- The Station167 m
- Tretti200 m
- Nordic204 m
- Rocket at Subway221 m
- 480 Wilson Apartments248 m
- 150 Neptune Condos536 m
- 130 Neptune Drive Condos541 m
- 32 Hotspur828 m
- 10 Wasdale Crescent905 m
- Reuben Cipin Healthy Living Community1.1 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Southside Residences at Gramercy Park.
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.