East 3220 — Rental Market Data

East 3220 features 4 active listings as of August 31, 2026, offering a price range of $2,700 to $2,900 per month with an average asking rent of $2,775 per month and a median asking rent of $2,750 per month. Active inventory averages 906 square feet with an average asking rate of $3.07 per square foot. Multi-bedroom layouts dominate current availability, with 2-bedroom configurations capturing a 75 percent inventory share and skewing active selection entirely toward larger, family-sized formats.

The 2-bedroom layout is the dominant active tier at East 3220, accounting for 3 listings and a 75 percent inventory share. This core tier averages $2,733 per month across an average of 891 square feet at an asking rate of $3.07 per square foot. The remaining inventory consists of a single 2-bedroom plus den suite holding a 25 percent share, asking $2,900 per month across 950 square feet at an asking rate of $3.05 per square foot.

East 3220 presents a minimum entry rent of $2,700 per month and a peak asking rent of $2,900 per month, creating a dollar spread of $200 per month or a 7.4 percent pricing spread. Median asking rent rests at $2,750 per month. The entry-level suite is represented by a 2-bedroom layout spanning 850 square feet at an asking rate of $3.18 per square foot, while the peak suite is a 2-bedroom plus den layout spanning 950 square feet at an asking rate of $3.05 per square foot.

East 3220 has unquantified den dimensions and square footage differences between standard 2-bedroom floor plans and den variants, leaving active den premiums unavailable for isolation. Active parking premium data cannot be reliably isolated due to an insufficient paired sample of listings with dedicated vehicle stalls.

East 3220 asks an average rent of $2,775 per month at $3.07 per square foot, comparing to the Scarborough North submarket average asking rent of $2,553 per month at $3.38 per square foot. The building's higher nominal monthly rent is driven by larger suite sizing rather than inflated pricing, supported by a building asking rate that sits 9.2 percent below the submarket benchmark across its active inventory share of 4 listings out of 75 submarket units.

East 3220 records an all-time average lease rent of $2,272 per month, which tracks below the overall comparable micro-market average of $2,874 per month across its established competitor benchmark set. Individual competitor performance highlights diverse pricing structures: Wish Condos at 3121 Sheppard Ave E reports an average lease rent of $2,448 per month at $3.46 per square foot across an average of 718 square feet. Greens at Tam O'Shanter II at 138 Bonis Ave reports an average lease rent of $3,100 per month at $2.07 per square foot across a much larger average footprint of 1,500 square feet. Similarly, Greens at Tam O'Shanter I at 168 Bonis Ave logs 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 reports no active lease transactions within the trailing 180-day window.

East 3220 establishes its value proposition through a realized lease rate of $3.72 per square foot across an average suite size of 613 square feet, positioning itself at a rate per square foot premium over mature, large-format competitors while capturing modern rental demand. Renters at East 3220 trade away the expansive 1,500 square foot floor plans found at older properties like Greens at Tam O'Shanter II (which leases at $2.07 per square foot) and Greens at Tam O'Shanter I (which leases at $2.08 per square foot) in favor of significantly newer construction, modern mechanical systems, and tighter, highly efficient layouts. Conversely, when compared to newer boutique peers like Wish Condos—which leases at 718 square feet for $3.46 per square foot—East 3220 commands a slight rate per square foot premium driven by its 2022 completion year, lower utility burdens, and contemporary interior finishes.

East 3220 delivers an extensive lifestyle and amenity program that competes directly with the most amenitized developments in the Scarborough North submarket. Signature offerings at East 3220 include a 24-hour concierge and security service, a fully equipped gym and fitness centre, a relaxing sauna and steam room, a dedicated party and lounge room, and an outdoor rooftop terrace complemented by a garden and courtyard. When contrasted against nearby peers, East 3220 matches or exceeds the offering at Wish Condos (which features a yoga studio, golf simulator, and pet wash station) while offering a much more robust indoor-outdoor communal footprint than older properties like Greens at Tam O'Shanter I and II, which lean heavily on traditional recreational spaces such as squash courts and indoor pools. This robust amenity package primarily serves young professionals, couples, and small families seeking modern recreational spaces and building security without sacrificing proximity to main transit corridors along Sheppard Avenue East.