Terrace on Danforth — Rental Market Data

Terrace on Danforth has two active listings as of August 31, 2026, with asking rents spanning $2,300 to $2,850 per month, an average of $2,575 per month, and a median of $2,575 per month. The average suite measures 750 square feet at an asking rate of $3.45 per square foot. Inventory splits evenly between a 1-Bedroom + Den (50 percent share) and a 2-Bedroom (50 percent share), placing the building squarely in the compact entry-level to mid-size two-bedroom tier rather than the multi-bedroom executive segment.

The dominant active layout at Terrace on Danforth is the 1-Bedroom + Den, accounting for one of two listings and a 50 percent share of available inventory. The 1-Bedroom + Den asks $2,300 per month across 650 square feet at $3.54 per square foot, while the 2-Bedroom tier offers one unit at $2,850 per month across 850 square feet at $3.35 per square foot. Both tiers represent single-listing samples, so no tier offers a multi-unit selection for renters.

Terrace on Danforth's active asking rents range from a minimum of $2,300 per month to a peak of $2,850 per month, producing a dollar spread of $550 and a percentage spread of 23.9 percent. The median asking rent sits at $2,575 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $3.54 per square foot, while the peak listing is a 2-Bedroom at 850 square feet and $3.35 per square foot, meaning the larger unit actually commands a lower rate per square foot despite the higher absolute rent.

Terrace on Danforth's active den premium and the associated square-footage delta cannot be reliably quantified from the current two-unit sample, as no paired den-versus-non-den comparison exists in the active inventory. Parking stall costs likewise cannot be isolated; the tracking system flags the available data as an unreliable outlier or insufficient paired sample, so no specific monthly parking fee should be quoted for this building.

Terrace on Danforth's average asking rent of $2,575 per month runs $100 above the Scarborough South submarket asking benchmark of $2,475 per month, yet its rate of $3.45 per square foot sits approximately 9.9 percent below the submarket asking rate of $3.83 per square foot. The nominal rent premium is explained by suite size: active units average 750 square feet, which is 104 square feet larger than the submarket implied average of 646 square feet, so renters are paying more in absolute dollars for more space while still getting a below-market rate per square foot. The building's two active listings represent 2 out of 36 available units in the Scarborough South submarket, a 5.6 percent share of total active inventory.

Terrace on Danforth's average realized lease rent of $2,500 per month sits $350 above the overall comp benchmark of $2,150, with the premium driven entirely by the subject's larger suite footprint rather than a higher per-square-foot rate. The Towns on Danforth at 41 Danforth Road (0.14 km, one closed lease) recorded an average rent of $2,449 per month at $3.27 per square foot over 750 square feet, meaning the subject commands a $51-per-month higher rent despite offering 100 more interior square feet. Clonmore Urban Towns at 174 Clonmore Drive (0.51 km, one closed lease) logged an average rent of $1,850 per month at $3.36 per square foot over 550 square feet, placing the subject $650 higher on a monthly basis while providing 300 additional square feet of living area. The two remaining Clonmore Urban Towns buildings at 168 and 172 Clonmore Drive (both 2022 completions, 0.51 and 0.53 km respectively) recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark against which to compare the subject.

Terrace on Danforth offers a $2.94-per-square-foot leased rate over an 850-square-foot average suite, trading at a measurable discount below both active competitors on a per-square-foot basis while delivering substantially more interior space. Against The Towns on Danforth (0.14 km), the subject trades at a $0.33-per-square-foot (10.1%) discount, yet provides 100 more square feet of interior area, so the $51 higher monthly rent reflects the larger footprint rather than a rate premium. Against Clonmore Urban Towns at 174 Clonmore Drive (0.51 km), the subject trades at a $0.42-per-square-foot (12.5%) discount while delivering 300 additional square feet, making the $650 nominal rent gap a direct function of the expanded suite size. In both cases the renter receives more living area for a lower cost per square foot than the nearby alternatives, a trade-off that favours tenants prioritizing space efficiency over compact, higher-rate-per-foot layouts.

Terrace on Danforth fields a nine-feature lifestyle package—including a gym and fitness centre, rooftop terrace, meeting room, games and billiards room, BBQ area, concierge and security, and package locker—that substantially outpaces its immediate peer set, where The Towns on Danforth and Clonmore Urban Towns at 172 Clonmore Drive list no common amenities at all. The only comp with overlapping lifestyle features is Clonmore Urban Towns at 168 Clonmore Drive, which offers a party and lounge room, rooftop terrace, garden and courtyard, shared laundry room, dining room and kitchen, and an outdoor children's playground; however, it lacks the subject's dedicated gym, meeting room, games and billiards room, BBQ area, concierge desk, and package locker. The subject's remote-work-ready meeting room, fitness facility, and social gaming space collectively target professionals and small households who value on-site wellness, flexible work environments, and in-building social programming without the need to source those amenities externally.