Market Data as of August 31, 2026
Sheppard Garden Condos — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Developed by 95 Developments, Sheppard Garden Condos at 3421 Sheppard Avenue E is located in the Scarborough North submarket and features a total of 416 suites completed in 2025. Current active inventory stands at 3 listings reflecting a 0.7% availability rate. Over the past 90 days, the building recorded 4 closed leases averaging 20 days on the market, while the past 30 days recorded 1 closed lease averaging 29 days on the market.
Active asking rents average $2,633 per month at an average rate of $3.43 per square foot, tracking above the 90-day realized lease average of $2,525 per month and $3.53 per square foot, with active units skewing toward larger layouts. Meanwhile, the active asking rate per square foot tracks 15.9% above the broader submarket asking benchmark of $2.96 per square foot.
Marketing friction indicates an average closed days on the market of 20 days compared to 42 days for unrented delisted units, while historical negotiations show tenants securing an average discount of $157 per month (a 5.16% discount) across 57.1% of leases. Prospective tenants looking for inventory will find that 3-bedroom-plus layouts offer the deepest selection, whereas 1-bedroom-plus-den options maintain a scarce single active listing.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Sheppard Garden Condos as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Sheppard Garden Condos recently?
Sheppard Garden Condos currently features 3 active listings as of August 31, 2026, spanning an absolute price range of $2,100 per month to $2,900 per month, with an average asking rent of $2,633 per month and a median asking rent of $2,900 per month. Active suites average 783 square feet with an average asking rate of $3.43 per square foot. Multi-bedroom layouts dominate the available inventory, as 3-bedroom-plus suites account for 66.7% of all active listings.
What floor plans and unit layouts are currently available at Sheppard Garden Condos?
The dominant active layout at Sheppard Garden Condos is the 3-Bedroom+ tier, accounting for 2 active listings and a 66.7% inventory share. This tier asks an average of $2,900 per month across an average of 900 square feet at $3.23 per square foot. The remaining active inventory consists of the 1-Bedroom + Den tier, representing 1 listing and a 33.3% share asking $2,100 per month across an average of 550 square feet at $3.82 per square foot.
What is the average asking rent and $/SF by suite size at Sheppard Garden Condos?
Sheppard Garden Condos records a minimum entry rent of $2,100 per month and a peak asking rent of $2,900 per month, creating a dollar spread of $800 and a percentage spread of 38.1%. The median asking rent sits at $2,900 per month. The entry-level option is a 1-Bedroom + Den suite spanning 550 square feet priced at $3.82 per square foot, while the peak tier is represented by a 3-Bedroom+ suite offering 950 square feet at $3.05 per square foot.
How much extra do parking spaces and dens cost at Sheppard Garden Condos?
Active parking premium data for Sheppard Garden Condos is inconclusive due to an insufficient paired sample. Verified parking stall data from closed leases indicates a monthly add-on cost of $167 per month for designated parking spots. Active den premium data cannot be isolated as active den premiums and square footage deltas are currently unrecorded.
How do asking rents at Sheppard Garden Condos compare to local and municipal benchmarks?
Sheppard Garden Condos asks an average rent of $2,633 per month at $3.43 per square foot, comparing against the Scarborough North submarket average asking rent of $2,610 per month and $2.96 per square foot. While nominal monthly asking rents sit close to the submarket benchmark, the higher rate per square foot reflects more compact suite sizing rather than inflated unit pricing. The building's asking rate per square foot tracks 15.9% above the submarket asking benchmark, representing 13.6% of the submarket's 22 total active listings.
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 Sheppard Garden Condos (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Sheppard Garden Condos last month, and how fast did they rent?
At Sheppard Garden Condos, the 30-day average days on market stands at 29 days, compared to a 90-day average of 20 days against a submarket benchmark of 29 days. Tracking closed lease counts shows 1 deal completed over the past 30 days, 4 transactions finalized across the past 90 days, and 7 total leases recorded over its tracked history. Leasing velocity moderated heading into the late summer months as active inventory tightened.
What is the negotiation spread between asking rents and closed lease prices at Sheppard Garden Condos?
At Sheppard Garden Condos, units closed at an average discount of $157 per month off asking, representing a 5.16% variance below asking that generated $1,884 in annual tenant savings. Tenant leverage defined transaction outcomes, with 57.1% of all closed leases securing concessions below the initial asking price.
What are typical executed lease prices across different layouts at Sheppard Garden Condos?
At Sheppard Garden Condos, the 1-Bedroom + Den anchors the building with 5 closed leases averaging $2,200 per month (median rent of $2,200 per month, P25-P75 range of $2,150 to $2,300 per month) across an average of 610 square feet at $3.62 per square foot over an average of 64 days on market. The 2-Bedroom tier represents an individual single transaction with 1 closed lease averaging $2,500 per month (median rent of $2,500 per month, P25-P75 range of $2,500 to $2,500 per month) across 750 square feet at $3.33 per square foot over 20 days on market (note that this represents an individual transaction rather than a broad statistical benchmark). The 3-Bedroom+ tier represents an individual single transaction with 1 closed lease averaging $3,100 per month (median rent of $3,100 per month, P25-P75 range of $3,100 to $3,100 per month) across 950 square feet at $3.26 per square foot over 7 days on market (note that this represents an individual transaction rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Sheppard Garden Condos?
At Sheppard Garden Condos, verified parking privileges added a realized premium of $167 per month to closed lease agreements. Suite bundling patterns typically incorporate parking into larger multi-bedroom floor plans. Active asking parking rates remained inconclusive due to an insufficient paired sample.
How does the lease-to-listing ratio at Sheppard Garden Condos reflect current tenant demand?
At Sheppard Garden Condos, monthly rents moved across a distinct arc from early 2026 through the late summer season. February recorded 1 closed deal averaging $2,300 per month at $3.54 per square foot over 174 days on market. May saw 2 closed deals averaging $2,100 per month at $3.51 per square foot across 47 days on market. June registered 2 closed leases averaging $2,800 per month at $3.30 per square foot in 14 days. July closed 1 deal at $2,150 per month, achieving $3.91 per square foot over 23 days on market. August finalized 1 lease at $2,350 per month, realizing $3.62 per square foot across 29 days on market.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Sheppard Garden Condos (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Sheppard Garden Condos, and what was their re-listing price compared to previous asking?
At Sheppard Garden Condos, a total of 3 units were delisted, yielding a delisted-to-leased ratio of 300% driven by 3 terminated listings, 0 expired listings, and 0 suspended listings. This equates to approximately 3 unrented listings pulled from the market for every successful lease closed.
How do asking prices on de-listed suites compare to executed leases and active listings at Sheppard Garden Condos?
At Sheppard Garden Condos, unrented units asked an average of $2,218 per month, sitting $132 per month below realized lease averages nominally. Unrented listings featured lower nominal asking prices because they were concentrated in smaller floor plans rather than offering superior value, while commanding a higher rate per square foot ($4.05 per square foot vs $3.53 per square foot) as prospective tenants rejected high-density pricing.
What market friction causes rental listings to stall or de-list at Sheppard Garden Condos?
At Sheppard Garden Condos, delisted unrented units logged an average of 42 days on market compared to 49 days for successful leases. Excess marketing time of 13 days translates directly into roughly half a month of lost rental income plus ongoing monthly condo maintenance fees, highlighting the carrying cost of unrented vacancy.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 3 | 2750 | 717 | 3.83 | 23 |
| 2026-04-28 | 3 | 2750 | 717 | 3.83 | 24 |
| 2026-04-29 | 3 | 2750 | 717 | 3.83 | 25 |
| 2026-04-30 | 3 | 2750 | 717 | 3.83 | 26 |
| 2026-05-01 | 2 | 3025 | 750 | 4.05 | 29 |
| 2026-05-02 | 2 | 3025 | 750 | 4.05 | 30 |
| 2026-05-03 | 2 | 3025 | 750 | 4.05 | 31 |
| 2026-05-04 | 2 | 3025 | 750 | 4.05 | 32 |
| 2026-05-05 | 2 | 3025 | 750 | 4.05 | 33 |
| 2026-05-06 | 2 | 3025 | 750 | 4.05 | 34 |
| 2026-05-07 | 2 | 3025 | 750 | 4.05 | 35 |
| 2026-05-08 | 2 | 3025 | 750 | 4.05 | 36 |
| 2026-05-09 | 2 | 3025 | 750 | 4.05 | 37 |
| 2026-05-10 | 2 | 3025 | 750 | 4.05 | 38 |
| 2026-05-11 | 2 | 3025 | 750 | 4.05 | 39 |
| 2026-05-12 | 2 | 3025 | 750 | 4.05 | 40 |
| 2026-05-13 | 3 | 2792 | 717 | 3.89 | 27 |
| 2026-05-14 | 3 | 2792 | 717 | 3.89 | 28 |
| 2026-05-15 | 3 | 2792 | 717 | 3.89 | 29 |
| 2026-05-16 | 3 | 2792 | 717 | 3.89 | 30 |
| 2026-05-17 | 3 | 2792 | 717 | 3.89 | 31 |
| 2026-05-18 | 3 | 2792 | 717 | 3.89 | 32 |
| 2026-05-19 | 3 | 2792 | 717 | 3.89 | 33 |
| 2026-05-20 | 3 | 2792 | 717 | 3.89 | 34 |
| 2026-05-21 | 3 | 2875 | 783 | 3.64 | 12 |
| 2026-05-22 | 3 | 2875 | 783 | 3.64 | 13 |
| 2026-05-23 | 3 | 2875 | 783 | 3.64 | 14 |
| 2026-05-24 | 3 | 2875 | 783 | 3.64 | 15 |
| 2026-05-25 | 3 | 2875 | 783 | 3.64 | 16 |
| 2026-05-26 | 2 | 2413 | 700 | 3.46 | 9 |
| 2026-05-27 | 2 | 2413 | 700 | 3.46 | 10 |
| 2026-05-28 | 2 | 2413 | 700 | 3.46 | 11 |
| 2026-05-29 | 2 | 2413 | 700 | 3.46 | 12 |
| 2026-05-30 | 2 | 2413 | 700 | 3.46 | 13 |
| 2026-05-31 | 2 | 2413 | 700 | 3.46 | 14 |
| 2026-06-01 | 2 | 2413 | 700 | 3.46 | 15 |
| 2026-06-02 | 2 | 2413 | 700 | 3.46 | 16 |
| 2026-06-03 | 2 | 2413 | 700 | 3.46 | 17 |
| 2026-06-04 | 2 | 2413 | 700 | 3.46 | 18 |
| 2026-06-05 | 2 | 2413 | 700 | 3.46 | 19 |
| 2026-06-06 | 2 | 2413 | 700 | 3.46 | 20 |
| 2026-06-07 | 2 | 2413 | 700 | 3.46 | 21 |
| 2026-06-08 | 3 | 2358 | 650 | 3.67 | 15 |
| 2026-06-09 | 3 | 2358 | 650 | 3.67 | 16 |
| 2026-06-10 | 2 | 2288 | 600 | 3.83 | 15 |
| 2026-06-11 | 2 | 2288 | 600 | 3.83 | 16 |
| 2026-06-12 | 2 | 2288 | 600 | 3.83 | 17 |
| 2026-06-13 | 2 | 2288 | 600 | 3.83 | 18 |
| 2026-06-14 | 2 | 2288 | 600 | 3.83 | 19 |
| 2026-06-15 | 2 | 2288 | 600 | 3.83 | 20 |
| 2026-06-16 | 2 | 2288 | 600 | 3.83 | 21 |
| 2026-06-17 | 2 | 2288 | 600 | 3.83 | 22 |
| 2026-06-18 | 3 | 2792 | 717 | 3.89 | 15 |
| 2026-06-19 | 3 | 2792 | 717 | 3.89 | 16 |
| 2026-06-20 | 3 | 2792 | 717 | 3.89 | 17 |
| 2026-06-21 | 3 | 2792 | 717 | 3.89 | 18 |
| 2026-06-22 | 3 | 2792 | 717 | 3.89 | 19 |
| 2026-06-23 | 3 | 2792 | 717 | 3.89 | 20 |
| 2026-06-24 | 3 | 2792 | 717 | 3.89 | 21 |
| 2026-06-25 | 2 | 2288 | 600 | 3.83 | 30 |
| 2026-06-26 | 2 | 2288 | 600 | 3.83 | 31 |
| 2026-06-27 | 2 | 2288 | 600 | 3.83 | 32 |
| 2026-06-28 | 2 | 2288 | 600 | 3.83 | 33 |
| 2026-06-29 | 2 | 2288 | 600 | 3.83 | 34 |
| 2026-06-30 | 2 | 2288 | 600 | 3.83 | 35 |
| 2026-07-01 | 1 | 2325 | 650 | 3.58 | 49 |
| 2026-07-02 | 1 | 2325 | 650 | 3.58 | 50 |
| 2026-07-03 | 1 | 2325 | 650 | 3.58 | 51 |
| 2026-07-04 | 1 | 2325 | 650 | 3.58 | 52 |
| 2026-07-05 | 1 | 2325 | 650 | 3.58 | 53 |
| 2026-07-06 | 1 | 2325 | 650 | 3.58 | 54 |
| 2026-07-07 | 1 | 2325 | 650 | 3.58 | 55 |
| 2026-07-08 | 1 | 2325 | 650 | 3.58 | 56 |
| 2026-07-09 | 2 | 2153 | 525 | 4.26 | 29 |
| 2026-07-10 | 2 | 2153 | 525 | 4.26 | 30 |
| 2026-07-11 | 2 | 2153 | 525 | 4.26 | 31 |
| 2026-07-12 | 2 | 2153 | 525 | 4.26 | 32 |
| 2026-07-13 | 2 | 2153 | 525 | 4.26 | 33 |
| 2026-07-14 | 2 | 2153 | 525 | 4.26 | 34 |
| 2026-07-15 | 2 | 2153 | 525 | 4.26 | 35 |
| 2026-07-16 | 2 | 2153 | 525 | 4.26 | 36 |
| 2026-07-17 | 2 | 2153 | 525 | 4.26 | 37 |
| 2026-07-18 | 2 | 2153 | 525 | 4.26 | 38 |
| 2026-07-19 | 2 | 2153 | 525 | 4.26 | 39 |
| 2026-07-20 | 2 | 2153 | 525 | 4.26 | 40 |
| 2026-07-21 | 2 | 2153 | 525 | 4.26 | 41 |
| 2026-07-22 | 3 | 2218 | 567 | 4.05 | 28 |
| 2026-07-23 | 3 | 2218 | 567 | 4.05 | 29 |
| 2026-07-24 | 3 | 2218 | 567 | 4.05 | 30 |
| 2026-07-25 | 3 | 2218 | 567 | 4.05 | 31 |
| 2026-07-26 | 3 | 2218 | 567 | 4.05 | 32 |
| 2026-07-27 | 3 | 2218 | 567 | 4.05 | 33 |
| 2026-07-28 | 3 | 2218 | 567 | 4.05 | 34 |
| 2026-07-29 | 4 | 2251 | 588 | 3.94 | 26 |
| 2026-07-30 | 4 | 2251 | 588 | 3.94 | 27 |
| 2026-07-31 | 4 | 2251 | 588 | 3.94 | 28 |
| 2026-08-01 | 4 | 2251 | 588 | 3.94 | 29 |
| 2026-08-02 | 4 | 2251 | 588 | 3.94 | 30 |
| 2026-08-03 | 3 | 2218 | 567 | 4.05 | 37 |
| 2026-08-04 | 3 | 2218 | 567 | 4.05 | 38 |
| 2026-08-05 | 3 | 2218 | 567 | 4.05 | 39 |
| 2026-08-06 | 2 | 2338 | 650 | 3.60 | 47 |
| 2026-08-07 | 1 | 2350 | 650 | 3.62 | 9 |
| 2026-08-08 | 2 | 2625 | 800 | 3.33 | 5 |
| 2026-08-09 | 2 | 2625 | 800 | 3.33 | 6 |
| 2026-08-10 | 2 | 2625 | 800 | 3.33 | 7 |
| 2026-08-11 | 3 | 2450 | 717 | 3.50 | 5 |
| 2026-08-12 | 3 | 2450 | 717 | 3.50 | 6 |
| 2026-08-13 | 3 | 2450 | 717 | 3.50 | 7 |
| 2026-08-14 | 3 | 2450 | 717 | 3.50 | 8 |
| 2026-08-15 | 3 | 2450 | 717 | 3.50 | 9 |
| 2026-08-16 | 3 | 2450 | 717 | 3.50 | 10 |
| 2026-08-17 | 3 | 2450 | 717 | 3.50 | 11 |
| 2026-08-18 | 3 | 2450 | 717 | 3.50 | 12 |
| 2026-08-19 | 3 | 2450 | 717 | 3.50 | 13 |
| 2026-08-20 | 3 | 2450 | 717 | 3.50 | 14 |
| 2026-08-21 | 3 | 2450 | 717 | 3.50 | 15 |
| 2026-08-22 | 4 | 2563 | 750 | 3.47 | 12 |
| 2026-08-23 | 4 | 2563 | 750 | 3.47 | 13 |
| 2026-08-24 | 4 | 2563 | 750 | 3.47 | 14 |
| 2026-08-25 | 4 | 2563 | 750 | 3.47 | 15 |
| 2026-08-26 | 4 | 2563 | 750 | 3.47 | 16 |
| 2026-08-27 | 3 | 2633 | 783 | 3.43 | 13 |
| 2026-08-28 | 3 | 2633 | 783 | 3.43 | 14 |
| 2026-08-29 | 3 | 2633 | 783 | 3.43 | 15 |
| 2026-08-30 | 3 | 2633 | 783 | 3.43 | 16 |
| 2026-08-31 | 3 | 2633 | 783 | 3.43 | 17 |
12-Month Market Dynamics & Trend Trajectory
Sheppard Garden Condos has recorded a lifetime leasing volume of 7 transactions, achieving an average monthly rent of $2,371 per month at $3.53 per square foot across an average suite size of 679 square feet and an average days on market of 49 days. The building reflects steady tenant turnover across its initial operating lifecycle. Transaction distribution heavily favored incoming occupiers, with 57.1% of leases securing price concessions below initial landlord expectations. Tenants capitalized on soft pricing conditions to negotiate an average discount of $157 per month, saving $1,884 annually and establishing clear tenant leverage across the building.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2200 | 650 | 3.38 | 23 |
| 2026-05-03 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-10 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-17 | 1 | 2000 | 550 | 3.64 | 70 |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 2500 | 750 | 3.33 | 20 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 1 | 3100 | 950 | 3.26 | 7 |
| 2026-06-28 | 1 | 2150 | 550 | 3.91 | 23 |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2350 | 650 | 3.62 | 29 |
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Sheppard Garden Condos.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Media & Theatre Room
- Rooftop Terrace
- Party & Lounge Room
- Meeting Room
Residential Buildings in the Vicinity
- The Garden Series on Sheppard46 m
- Garden Series Condos 248 m
- The Garden Series On Sheppard111 m
- Toronto East366 m
- Pinnacle Toronto East402 m
- 270 Palmdale Condos453 m
- Pinnacle Toronto East460 m
- East 3220499 m
- Wish Condos895 m
- 3765 Sheppard Townhouses1.0 km
- Greens at Tam O'Shanter II1.2 km
- Greens at Tam O'Shanter I1.3 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Sheppard Garden 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.