Waterford Terrace — Rental Market Data

Waterford Terrace records an average lease rate of $2,600 per month, trading reasonably in line with the overall comparable average of $2,575 per month across benchmark properties such as Watermark and Lakeshore Park Estates II. Watermark, located at 3563 Lake Shore Blvd W, achieved an average lease rent of $2,450 per month at $3.70 per square foot across an average of 671 square feet. Meanwhile, Lakeshore Park Estates II at 3835 Lake Shore Boulevard W recorded a closed lease averaging $2,700 per month at $2.45 per square foot across a spacious 1,100 square feet. Unlisted competing peers such as 3393 Lakeshore Boulevard W (built in 2026) and 29th Street Lofts at 3400 Lake Shore Blvd W (built in 2005) carry no recent lease transactions in the past 180 days.

Waterford Terrace delivers a compelling value proposition by trading at a lower, more competitive rate per square foot while offering larger, more functional floor plans compared to newer micro-condo inventory in the Etobicoke South submarket. At a realized lease rate of $2.36 per square foot across an average 1,100 square feet, the subject property undercuts newer vertical stock like Watermark, which commands $3.70 per square foot across smaller 671-square-foot layouts. Renters at Waterford Terrace trade away ultra-modern aesthetic packages in exchange for significantly lower costs per square foot, enjoying substantial room to move without absorbing the density and premium pricing associated with mid-2010s builds.

Waterford Terrace provides a focused residential lifestyle supported by essential building amenities tailored for long-term occupants seeking a quiet, lower-density footprint, highlighted by Concierge & Security. In comparison, Watermark at 3563 Lake Shore Blvd W offers a Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Games & Billiards Room, Rooftop Terrace, BBQ Area, and Concierge & Security, while Lakeshore Park Estates II provides a Shared Laundry Room, BBQ Area, and Concierge & Security, and 29th Street Lofts features a BBQ Area alongside security services. This amenity configuration makes Waterford Terrace well-suited for value-conscious renters and downsizers who prioritize larger square footage and interior quiet over extensive shared building recreational facilities.