Toronto East — Rental Market Data

Toronto East at 3270 Sheppard Avenue E holds one active listing as of August 31, 2026, with a single asking rent of $2,800 per month serving as both the minimum, maximum, and median. The average asking rent is $2,800 per month across the 950-square-foot suite, translating to $2.95 per square foot. The 100 percent layout share belongs to the two-bedroom tier, meaning current inventory leans entirely toward a mid-size multi-bedroom layout rather than compact entry-level suites.

The dominant and sole active layout at Toronto East is the two-bedroom, with one unit representing 100 percent of current inventory. That single listing asks $2,800 per month for 950 square feet at $2.95 per square foot. No one-bedroom, studio, or three-bedroom units are currently available for rent in this building.

Toronto East's active availability is concentrated in a single price point of $2,800 per month, producing a dollar spread of $0 and a percentage spread of 0 percent. The entry-level and peak suite are the same unit: a two-bedroom at 950 square feet asking $2.95 per square foot. With only one listing on the market, there is no internal price gradient for renters to compare across tiers.

Toronto East does not have a quantified active den premium, as the single listing is a two-bedroom without a paired den configuration to isolate marginal cost per square foot. Parking premium data is inconclusive for this building; the active sample is too small to reliably isolate a parking add-on, and historical lease records also lack sufficient paired data to establish a verified parking stall benchmark.

Toronto East's active asking rent of $2,800 per month exceeds the Scarborough North submarket average asking rent of $2,610 per month by $190, while its rate of $2.95 per square foot sits 0.3 percent below the submarket asking benchmark of $2.96 per square foot. The higher nominal rent is driven by the 950-square-foot suite size rather than a premium per-unit pricing, as the per-square-foot rate is essentially at parity with the broader market. Toronto East's single listing represents 1 out of 22 active listings in the Scarborough North submarket.

Toronto East's average closed lease rent of $2,267 per month sits $66 below the four-comp average of $2,333, though it trails the two Pinnacle Toronto East towers and 270 Palmdale Condos while edging out Sheppard Garden Condos. Pinnacle Toronto East at 3260 Sheppard Avenue (0.04 km) closed leases averaging $2,525 at $3.00 per square foot across 875-square-foot suites; its 3249 Sheppard Ave E counterpart (0.14 km) recorded a single closed lease at $1,890 and $3.44 per square foot in a 550-square-foot unit. 270 Palmdale Condos (0.21 km) averaged $2,533 at $2.30 per square foot over 1,100 square feet, and Sheppard Garden Condos (0.37 km) closed at $2,383 and $3.52 per square foot in 683-square-foot suites.

Toronto East leases at $3.48 per square foot across an average 667-square-foot suite, a rate that commands a premium over three of four nearby competitors while trading at a slight discount to Sheppard Garden Condos. Against Pinnacle Toronto East at 3260 Sheppard, the subject charges $0.48 per square foot more (16% higher) but delivers 208 fewer square feet, meaning renters gain a modern 2025 build and resort-style amenities in a tighter footprint. Versus 270 Palmdale Condos, Toronto East's $1.18-per-square-foot premium (51.3%) reflects a 433-square-foot reduction in suite size compared to the 1974-era building's 1,100-square-foot layouts. The one exception is Sheppard Garden Condos, where Toronto East's $3.48 rate is $0.04 per square foot below the comp's $3.52, with suites only 16 square feet smaller—making it the closest like-for-like value match in the cluster.

Toronto East's amenity package—anchored by an outdoor pool, hot tub and jacuzzi, indoor kids' play room, library and reading room, and a dedicated BBQ area—outpaces every nearby competitor on resort-style recreation. Sheppard Garden Condos at 3421 Sheppard Avenue E offers only a media and theatre room alongside basic gym and rooftop access, lacking any pool, hot tub, children's play space, or library. 270 Palmdale Condos provides an indoor pool and sauna but no outdoor pool, no jacuzzi, no indoor kids' play room, and no games or billiards room. Pinnacle Toronto East at 3260 Sheppard shares several features with the subject but adds a sports lounge that Toronto East does not carry, while the 3249 Sheppard tower lists no amenities at all. This lifestyle profile best serves young families and active professionals in Scarborough North who want a full-service, resort-calibre social environment without stepping outside the immediate neighbourhood.