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Market Data as of August 31, 2026

Wish Condos — Rental Market Data

3121 Sheppard Ave E, Scarborough, Ontario M1T 0B6
Quick Rent Estimate
Active Suites6 Available
Type
Units
Avg Rent
1-Bedroom + Den
4
$2,299
1-Bedroom
1
$2,250
2-Bedroom
1
$2,800

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2021
Total Suites264
DeveloperLiberty Development Corp.

Wish Condos at 3121 Sheppard Ave E in Scarborough is an established residential building completed in 2021 by Liberty Development Corp., featuring 264 total suites across its community. The property maintains an active availability rate of 2.3 percent with 6 active listings clearing the market in an average of 29 days, complemented by a recent leasing velocity of 2 transactions over the past 30 days averaging 28 days on market alongside 6 transactions over the past 90 days averaging 25 days on market.

Current active listings ask an average rent of $2,374 per month at an average rate of $3.58 per square foot, compared to realized 90-day leases averaging $2,472 per month at $3.46 per square foot. Active inventory skews toward more compact layouts averaging 668 square feet compared to historical leases averaging 739 square feet, while the building's active asking rate per square foot tracks 5.9 percent above the broader Scarborough North asking benchmark of $3.38 per square foot.

Marketing friction remains low with zero unrented units sitting in delisted status and recent leasing data indicating a tenant-favorable environment where 66.7 percent of recent leases closed at an average discount of $72 per month or 2.73 percent below asking. Prospective tenants looking at current inventory will find deep selection concentrated entirely within 1-Bedroom + Den layouts holding a 66.7 percent share, whereas standard 1-Bedroom and 2-Bedroom configurations offer scarce availability with only single active units on the market.

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Active Rental Inventory & Asking Rates

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

Active Units6
+4 (200.0%)
Avg Asking Rent$2,374
-$201 (7.8%)
Avg Suite Size668 sf
-32 sf (4.5%)
Avg Days on Market29d
-17d (37.0%)
Avg Asking $/SF$3.58
-$0.17 (4.6%)

Active Market Insights & Questions

How has rental availability changed at Wish Condos recently?

Wish Condos has 6 active listings as of August 31, 2026, with asking rents ranging from $2,100 to $2,800 per month, an average asking rent of $2,374 per month, and a median asking rent of $2,298 per month. Current listings average 668 square feet with an asking rate of $3.58 per square foot. 1-Bedroom + Den configurations dominate active inventory with a 66.7 percent share, indicating that current listings heavily lean toward compact multi-functional layouts rather than traditional multi-bedroom executive suites.

What floor plans and unit layouts are currently available at Wish Condos?

The 1-Bedroom + Den configuration is the dominant active layout at Wish Condos, accounting for 4 listings and a 66.7 percent share of current inventory with an average rent of $2,299 per month across 653 square feet at $3.52 per square foot. Standard 1-Bedroom suites represent a single active listing with an average rent of $2,250 per month across 550 square feet at $4.09 per square foot. 2-Bedroom units also comprise a single active listing averaging $2,800 per month across 850 square feet at $3.29 per square foot.

What is the average asking rent and $/SF by suite size at Wish Condos?

Wish Condos features a minimum entry rent of $2,100 per month and a peak asking rent of $2,800 per month, creating a dollar spread of $700 per month or a 33.3 percent pricing spread across active inventory. The median asking rent sits at $2,298 per month. The entry-level suite consists of a 1-Bedroom + Den layout spanning 650 square feet at an asking rate of $3.23 per square foot, while the peak suite is a 2-Bedroom layout offering 850 square feet at $3.29 per square foot.

How much extra do parking spaces and dens cost at Wish Condos?

Active 1-Bedroom + Den layouts at Wish Condos carry an average den premium of $49 per month over standard configurations for an additional 103 square feet of space. This extra den space prices at a marginal rate of $0.48 per square foot. Active parking stall premiums cannot be reliably isolated due to an insufficient sample of paired listings.

How do asking rents at Wish Condos compare to local and municipal benchmarks?

Wish Condos averages an asking rent of $2,374 per month at $3.58 per square foot, comparing against the Scarborough North submarket asking benchmark of $2,553 per month at $3.38 per square foot. The lower nominal monthly outlay at the building is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 5.9 percent above the submarket asking average while representing 8.0 percent of total submarket active 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 Wish Condos (Data period: For the month of August 2026).

Units Leased2
Avg Leased Price$2,525
Avg Leased Size739 sf
Avg Days to Lease28d
Leased $/SF$3.72

Leased Transaction Insights & Questions

How many suites were leased at Wish Condos last month, and how fast did they rent?

At Wish Condos, the 30-day average days on market is 28 days compared to a 90-day average of 25 days, tracking closely against the Scarborough North submarket benchmark of 28 days. Closed lease counts registered 2 deals over the 30-day window, matching the 6 deals closed across the 90-day window and making up the total of 9 lifetime transactions. This steady performance demonstrates consistent leasing turnover without major seasonal friction.

What is the negotiation spread between asking rents and closed lease prices at Wish Condos?

At Wish Condos, tenants negotiated an average discount of $72 per month, representing a 2.73% savings below asking price and annual tenant savings of $864 per year. Exactly 66.7% of leases closed under asking, reflecting localized tenant pricing leverage and landlord concessions in a competitive submarket.

What are typical executed lease prices across different layouts at Wish Condos?

Wish Condos recorded its highest leasing volume in the 2-Bedroom + Den and 1-Bedroom + Den configurations, averaging $2,693 per month with 36 days on market and $2,325 per month with 11 days on market respectively. The 2-Bedroom + Den tier recorded 3 closed leases with an average rent of $2,693 per month, a median rent of $2,700 per month, a P25-P75 range of $2,600 to $2,790 per month, an average size of 883 square feet at $3.05 per square foot, and 36 days on market (note that this represents a small sample size). The 1-Bedroom + Den tier recorded 2 closed leases with an average rent of $2,325 per month, a median rent of $2,325 per month, a P25-P75 range of $2,312 to $2,338 per month, an average size of 600 square feet at $3.91 per square foot, and 11 days on market (note that this represents a small sample size). The 2-Bedroom tier recorded 2 closed leases with an average rent of $2,495 per month, a median rent of $2,495 per month, a P25-P75 range of $2,492 to $2,498 per month, an average size of 750 square feet at $3.33 per square foot, and 28 days on market (note that this represents a small sample size). The 1-Bedroom tier accounted for 1 closed lease closing at an average rent of $2,100 per month, a median rent of $2,100 per month, a P25-P75 range of $2,100 to $2,100 per month, an average size of 550 square feet at $3.82 per square foot, and 21 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 3-Bedroom+ tier also accounted for 1 closed lease closing at an average rent of $2,950 per month, a median rent of $2,950 per month, a P25-P75 range of $2,950 to $2,950 per month, an average size of 750 square feet at $3.93 per square foot, and 42 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 Wish Condos?

At Wish Condos, realized leased parking premiums cannot be isolated due to insufficient paired data across historical lease records. Parking is typically bundled within standard suite agreements or omitted as a separate line item in available lease data. Active asking metrics similarly lack reliable isolated parking premiums.

How does the lease-to-listing ratio at Wish Condos reflect current tenant demand?

Wish Condos maintained an overall steady rent trajectory through the tracked 2026 leasing season. In April 2026, 1 deal closed at an average rent of $2,950 per month ($3.93 per square foot) with 42 days on market. May 2026 recorded 2 closed deals averaging $2,495 per month ($3.33 per square foot) over 28 days on market. June 2026 saw 2 closed deals average $2,300 per month ($3.38 per square foot) with 31 days on market. July 2026 posted 2 closed deals at an average of $2,590 per month ($3.29 per square foot) across 17 days on market. August 2026 concluded with 2 closed deals averaging $2,525 per month ($3.72 per square foot) in 28 days on market.

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)
2026-04-27326638173.2749
2026-04-28326638173.2750
2026-04-29326638173.2751
2026-04-30326638173.2752
2026-05-01425737503.5040
2026-05-02425737503.5041
2026-05-03525687703.4034
2026-05-04425107503.4331
2026-05-05525087503.4126
2026-05-06525087503.4127
2026-05-07525087503.4128
2026-05-08525087503.4129
2026-05-09525087503.4130
2026-05-10525087503.4131
2026-05-11525087503.4132
2026-05-12525087503.4133
2026-05-13525087503.4134
2026-05-14525087503.4135
2026-05-15525087503.4136
2026-05-16525087503.4137
2026-05-17525087503.4138
2026-05-18525087503.4139
2026-05-19525087503.4140
2026-05-20424637503.3644
2026-05-21424637503.3645
2026-05-22424637503.3646
2026-05-23424637503.3647
2026-05-24424637503.3648
2026-05-25424637503.3649
2026-05-26424637503.3650
2026-05-27424637503.3651
2026-05-28424637503.3652
2026-05-29424637503.3653
2026-05-30324507503.3763
2026-05-31224257003.5929
2026-06-01125508503.0029
2026-06-02223757003.5015
2026-06-03323336503.7011
2026-06-04323336503.7012
2026-06-05323336503.7013
2026-06-06323336503.7014
2026-06-07323336503.7015
2026-06-08323336503.7016
2026-06-09323336503.7017
2026-06-10323336503.7018
2026-06-11323336503.7019
2026-06-12323336503.7020
2026-06-13222255504.0511
2026-06-14222255504.0512
2026-06-15222255504.0513
2026-06-16222255504.0514
2026-06-17222255504.0515
2026-06-18222255504.0516
2026-06-19222255504.0517
2026-06-20222255504.0518
2026-06-21222255504.0519
2026-06-22222255504.0520
2026-06-23122505504.0920
2026-06-24122505504.0921
2026-06-25122505504.0922
2026-06-26122505504.0923
2026-06-27122505504.0924
2026-06-28225757003.7513
2026-06-29326777833.519
2026-06-30326777833.5110
2026-07-01326777833.5111
2026-07-02326777833.5112
2026-07-03326777833.5113
2026-07-04326777833.5114
2026-07-05326777833.5115
2026-07-06326777833.5116
2026-07-07326777833.5117
2026-07-08326777833.5118
2026-07-09326777833.5119
2026-07-10326777833.5120
2026-07-11326777833.5121
2026-07-12326777833.5122
2026-07-13326777833.5123
2026-07-14326777833.5124
2026-07-15326777833.5125
2026-07-16326777833.5126
2026-07-17326777833.5127
2026-07-18326777833.5128
2026-07-19425837503.5222
2026-07-20425837503.5223
2026-07-21425837503.5224
2026-07-22425837503.5225
2026-07-23324836833.6826
2026-07-24324836833.6827
2026-07-25324836833.6828
2026-07-26324836833.6829
2026-07-27324836833.6830
2026-07-28225757003.7543
2026-07-29225757003.7544
2026-07-30225757003.7545
2026-07-31225757003.7546
2026-08-01225757003.7547
2026-08-02324836873.6632
2026-08-03324836873.6633
2026-08-04324836873.6634
2026-08-05324836873.6635
2026-08-06424636533.8427
2026-08-07424636533.8428
2026-08-08424636533.8429
2026-08-09424636533.8430
2026-08-10424636533.8431
2026-08-11424386533.8121
2026-08-12524096523.7517
2026-08-13524096523.7518
2026-08-14524096523.7519
2026-08-15524096523.7520
2026-08-16524096523.7521
2026-08-17524096523.7522
2026-08-18523496723.5321
2026-08-19523496723.5322
2026-08-20523496723.5323
2026-08-21523496723.5324
2026-08-22523496723.5325
2026-08-23523496723.5326
2026-08-24523496723.5327
2026-08-25523496723.5328
2026-08-26523496723.5329
2026-08-27523496723.5330
2026-08-28523496723.5331
2026-08-29623746683.5827
2026-08-30623746683.5828
2026-08-31623746683.5829

12-Month Market Dynamics & Trend Trajectory

Wish Condos has achieved a lifetime leasing volume of 9 transactions, establishing an average rent of $2,530 per month at $3.49 per square foot across an average suite size of 739 square feet. Properties maintain a lifetime average marketing time of 28 days, pointing to steady tenant absorption in the Scarborough North submarket. Pricing discipline at the property leans toward tenant favorability, with transactions exhibiting a net negotiation discount of $72 per month or 2.73% below asking. Landlords routinely adjusted pricing to meet market demand, allowing the majority of incoming tenants to secure favorable lease terms below initial asking rates.

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
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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)
2026-05-17124907503.3230
2026-05-24125007503.3325
2026-05-310N/AN/AN/AN/A
2026-06-07125008502.9441
2026-06-140N/AN/AN/AN/A
2026-06-21121005503.8221
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-120N/AN/AN/AN/A
2026-07-19128809503.0324
2026-07-26123006503.549
2026-08-020N/AN/AN/AN/A
2026-08-09127008503.1844
2026-08-16123505504.2712

Nearby Building Rental Comparables & Price Spreads

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

Wish Condos at 3121 Sheppard Ave E is evaluated alongside a localized competitive set including East 3220 at 3220 Sheppard Ave E (0.41 km away, built in 2022 with 10 active listings), The Garden Series on Sheppard at 3445 Sheppard Ave E (0.92 km away, built in 2025 with 0 active listings), Greens at Tam O'Shanter II at 138 Bonis Ave (2.07 km away, built in 1998 with 1 active listing), and Greens at Tam O'Shanter I at 168 Bonis Ave (2.16 km away, built in 1992 with 2 active listings). This micro-market spans structural generations, contrasting Wish Condos, built in 2021, against the 2022 completion of East 3220, the brand-new 2025 development at The Garden Series, and the established 1990s high-density footprint of the Tam O'Shanter towers. Within this competitive framework, the overall peer group records an average lease rent of $2,830 per month, an average rate of $2.60 per square foot, and an average suite size of 1,213 square feet. Wish Condos maintains a stabilized scale of 264 suites, balancing modern architectural efficiency with competitive per-square-foot pricing that positions the building advantageously against both newer builds and much older, larger-format alternatives in the Scarborough North submarket.

3220 Sheppard Ave E, Scarborough

Avg Asking$2,498/mo
Avg $/SF$3.43
Rent Spread:
+$124/mo (+5.2%) Higher

3249 Sheppard Ave E, Scarborough

Avg Asking$1,890/mo
Avg $/SF$3.44
Rent Spread:
-$484/mo (-20.4%) Lower

270 Palmdale Drive, Scarborough

Avg Asking$2,550/mo
Avg $/SF$2.31
Rent Spread:
+$176/mo (+7.4%) Higher

2721 Victoria Park Avenue, Scarborough

Avg Asking$2,487/mo
Avg $/SF$2.57
Rent Spread:
+$113/mo (+4.7%) Higher

3260 Sheppard Avenue, Scarborough

Avg Asking$2,540/mo
Avg $/SF$3.20
Rent Spread:
+$166/mo (+7.0%) Higher

3270 Sheppard Avenue E, Scarborough

Avg Asking$2,331/mo
Avg $/SF$3.43
Rent Spread:
-$43/mo (-1.8%) Lower

Comparable Analysis & Questions

How do rental rates at Wish Condos compare to neighbouring buildings within Scarborough North?

Wish Condos records an average lease rent of $2,530 per month, trading below the overall comparable average of $2,830 per month across its primary competitor benchmarks. East 3220 at 3220 Sheppard Ave E achieved an average lease rent of $2,315 per month at $3.66 per square foot across an average of 639 square feet. Greens at Tam O'Shanter II at 138 Bonis Ave registered an average lease rent of $3,100 per month at $2.07 per square foot across 1,500 square feet. Greens at Tam O'Shanter I at 168 Bonis Ave reported an average lease rent of $3,075 per month at $2.08 per square foot across 1,500 square feet. The Garden Series on Sheppard at 3445 Sheppard Ave E currently maintains no closed lease data over the past 180 days.

Does Wish Condos offer a competitive price-per-square-foot ($/SF) against local comparables?

Wish Condos delivers a compelling value proposition by offering an average lease rate of $3.49 per square foot across 739 square feet, positioning itself favorably against the submarket average of $3.35 per square foot. Renters at Wish Condos trade off the massive, older footprints found in 1990s competitors like Greens at Tam O'Shanter I and II—which average 1,500 square feet at $2.07 to $2.08 per square foot—in favor of superior layout efficiency, modern mechanical systems, lower utility burdens, and contemporary finishes. Meanwhile, compared to the adjacent East 3220, which leases at $3.66 per square foot across 639 square feet, Wish Condos offers a more competitive rate per square foot while providing 100 more interior square feet of living space.

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

Wish Condos delivers an extensive lifestyle and amenity profile that compares favorably against neighboring properties, featuring a concierge and security service, a gym and fitness centre, a yoga studio, an indoor golf simulator, a party and lounge room, a meeting room, a media and theatre room, a games and billiards room, a dining room and kitchen, a BBQ area, a rooftop terrace, a garden and courtyard, an indoor kids' play room, and a pet wash station. When contrasted with East 3220, which offers a sauna and steam room alongside a business centre, Wish Condos matches high-density functional demands while emphasizing recreational spaces like its golf simulator and rooftop terrace. Against the older Tam O'Shanter towers at 138 and 168 Bonis Ave, which feature indoor and outdoor pools, squash courts, and car wash bays, Wish Condos replaces dated recreational sprawl with contemporary shared environments like a pet wash station, a party and lounge room, and an indoor kids' play room. This amenity package serves modern professionals, young families, and pet owners seeking contemporary building standards without paying the extreme premiums associated with older, oversized footprints.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Wish Condos.

Building Amenities

  • Concierge & Security
  • Shared Laundry Room
  • Gym & Fitness Centre
  • Yoga Studio
  • Golf Simulator
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Kids' Play Room - Indoor
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Wish Condos.

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.