Market Data as of September 30, 2026
Observatory Place II — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of September 30, 2026.
Observatory Place II is a residential community located in Richmond Hill, Ontario. Completed in 1988, the property features an estimated 201 suites. The building currently features no active rental listings on record as of September 30, 2026.
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Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Comparing rental asking rates and price-per-square-foot ($/SF) at Observatory Place II with 6 tracked residential buildings in the immediate vicinity.
Comparable Analysis & Questions
How do rental rates at Observatory Place II compare to neighbouring buildings within Richmond Hill?
At $0/month ($0.00/SF), Observatory Place II maintains a competitive market position compared to surrounding properties.
Does Observatory Place II offer a competitive price-per-square-foot ($/SF) against local comparables?
Comparing $/SF rates demonstrates how space efficiency and suite square footage influence relative affordability against nearby buildings.
How do building age, amenities, and developer reputation impact rent spreads?
Modern building amenities, concierge services, and construction vintage contribute to rent spreads between Observatory Place II and neighbouring options.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Observatory Place II.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Tennis & Pickleball Court
- Party & Lounge Room
- BBQ Area
- Library & Reading Room
- Games & Billiards Room
- Garden & Courtyard
- Squash & Racquetball Court
- Shuffleboard
Residential Buildings in the Vicinity
- Observatory Place I134 m
- Gibraltar of Richmond Hill II271 m
- Grand Palace - A279 m
- Xpression - North Tower288 m
- Hillcrest Gate II289 m
- Xpression - South Tower293 m
- Hillcrest Gate I309 m
- Gibraltar of Richmond Hill316 m
- Grand Palace - Building C345 m
- Grand Palace - B347 m
- 40 Baif406 m
- 50 Baif427 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Observatory Place II.
Snapshot Dates & Benchmark Cadence
- Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of September 30, 2026.
- Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (September 2026 vs August 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.