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Market Data as of August 31, 2026

South Hill On Madison — Rental Market Data

377 Madison Ave, Toronto, Ontario M4V 3E1
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom
1
$3,250

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2018
Total Suites165
DeveloperBurnac Group

South Hill On Madison at 377 Madison Ave in Toronto's South Midtown neighbourhood is a 165-suite residential building completed in 2018 by the Burnac Group. As of August 31, 2026, a single unit is actively listed, representing a 0.6 percent availability rate across the tower. Leasing activity has been quiet: zero closed leases in the trailing 30 and 90-day windows, with two transactions recorded over the past year at an average days-on-market of 13.

The active asking rent of $3,250 per month translates to $3.82 per square foot across 850 square feet, which is modestly below the realized rate of $3.86 per square foot on historical leases averaging 750 square feet at $2,875 per month. The current listing therefore offers a larger footprint than past closed deals while carrying a slightly lower rate per square foot, a combination that narrows the nominal rent gap despite the extra area. Against the South Midtown submarket asking benchmark of $4.64 per square foot, South Hill On Madison's active rate sits 17.7 percent below the neighbourhood average.

Marketing friction appears contained: the active listing has been on market for 21 days, marginally under the submarket average of 23 days, and no delisted, terminated, or expired listings are recorded. Across all tracked closed transactions, tenants secured an average concession of $75 per month, or 2.49 percent below asking, with 100 percent of leases closing under the initial list price. Inventory depth is extremely thin at this moment—only one two-bedroom suite is available, with no one-bedroom, studio, or three-bedroom options currently on the market.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at South Hill On Madison as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units1
0
Avg Asking Rent$3,250
+$550 (20.4%)
Avg Suite Size850 sf
+200 sf (30.8%)
Avg Days on Market21d
+16d (320.0%)
Avg Asking $/SF$3.82
-$0.33 (8.0%)

Active Market Insights & Questions

How has rental availability changed at South Hill On Madison recently?

South Hill On Madison has one active listing as of August 31, 2026, with a single asking rent of $3,250 per month (minimum, average, and median all identical). The available suite spans 850 square feet at an asking rate of $3.82 per square foot. The entire active inventory is a two-bedroom layout, meaning the building's current availability leans squarely toward multi-bedroom executive space rather than compact entry-level units.

What floor plans and unit layouts are currently available at South Hill On Madison?

The sole active layout at South Hill On Madison is a two-bedroom suite, representing 100 percent of the one available listing. With only a single unit on the market, no bedroom-tier breakdown beyond the two-bedroom category is possible, and no studio, one-bedroom, or three-bedroom options are currently listed. Renters seeking alternative configurations must look to broader South Midtown inventory.

What is the average asking rent and $/SF by suite size at South Hill On Madison?

South Hill On Madison's active pricing spread is $0, with both the minimum and peak asking rent at $3,250 per month, reflecting a single-listing inventory with no range to measure. The entry-level and peak suite are the same unit: a two-bedroom layout of 850 square feet priced at $3.82 per square foot. Because only one listing exists, there is no internal price gradient for renters to navigate within this building.

How much extra do parking spaces and dens cost at South Hill On Madison?

Den premium and marginal cost-per-square-foot figures for South Hill On Madison cannot be quantified from the current active sample, as no paired den versus non-den listings are available for comparison. Parking stall costs likewise cannot be reliably isolated; the data set flags the parking premium as an unreliable outlier or insufficient paired sample, so no specific monthly figure should be quoted to prospective renters.

How do asking rents at South Hill On Madison compare to local and municipal benchmarks?

South Hill On Madison's active asking rent of $3,250 per month and rate of $3.82 per square foot both trade below the South Midtown submarket averages of $4,012 per month and $4.64 per square foot, a 17.7 percent discount on the per-square-foot basis. The nominal rent gap narrows further when accounting for suite size: the active listing's 850 square feet closely matches the submarket implied average footprint of 865 square feet, so the lower asking rate is not an artifact of a compact unit. South Hill On Madison accounts for one out of 52 available listings in the South Midtown submarket.

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.

Suite Filters
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Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-27226006254.3855
2026-04-28226006254.3856
2026-04-29226006254.3857
2026-04-30226006254.3858
2026-05-01226006254.3859
2026-05-02226006254.3860
2026-05-03226006254.3861
2026-05-04226006254.3862
2026-05-05226006254.3863
2026-05-06226006254.3864
2026-05-07226006254.3865
2026-05-08132008503.7618
2026-05-09132008503.7619
2026-05-13127006504.15N/A
2026-05-14127006504.151
2026-05-15127006504.152
2026-05-16127006504.153
2026-05-17127006504.154
2026-05-18127006504.155
2026-08-10132508503.82N/A
2026-08-11132508503.821
2026-08-12132508503.822
2026-08-13132508503.823
2026-08-14132508503.824
2026-08-15132508503.825
2026-08-16132508503.826
2026-08-17132508503.827
2026-08-18132508503.828
2026-08-19132508503.829
2026-08-20132508503.8210
2026-08-21132508503.8211
2026-08-22132508503.8212
2026-08-23132508503.8213
2026-08-24132508503.8214
2026-08-25132508503.8215
2026-08-26132508503.8216
2026-08-27132508503.8217
2026-08-28132508503.8218
2026-08-29132508503.8219
2026-08-30132508503.8220
2026-08-31132508503.8221

12-Month Market Dynamics & Trend Trajectory

South Hill On Madison's realized average rent of $2,875 per month sits 22.9% below the South Midtown submarket average of $3,731, and its $3.86 per square foot rate trails the submarket's $4.42 per square foot by 12.7%. The building's 750-square-foot average suite footprint is modest, and the active 2-Bedroom listing at 850 square feet closely matches the submarket implied average of 865 square feet, so the discount is driven by pricing rather than a size mismatch. This positions South Hill On Madison as a value-oriented option within a submarket where 52 active listings average $4,012 per month and $4.64 per square foot at the asking level. Pricing discipline at South Hill On Madison leans decisively toward the tenant side. 100% of the two tracked leases closed below asking, with an average concession of $75 per month (2.49%) that equates to $900 in annual savings per unit. The landlord showed no pricing rigidity in this small sample, and the net negotiation spread of -$75 per month confirms tenant-favorable leverage rather than any landlord premium. With only two transactions, this pattern is directional, but it signals that asking prices at this building carry meaningful room for negotiation.

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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.

Property & transaction filters
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-05-10131008503.6520
2026-05-17126506504.086

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

South Hill On Madison at 377 Madison Ave sits in a tight competitive pocket with two active pricing benchmarks and two zero-transaction architectural references within 450 metres. Madison Avenue Lofts at 380 MacPherson Ave, just 0.09 km away and completed in 2009, recorded 2 closed leases over the trailing 180 days, while ANX Condos at 322 Dupont Street, 0.36 km distant and delivered in 2025, closed 36 lease transactions in the same window. The Summit at 280 St George Street (0.41 km, 2025) and 346 Davenport at 346 Davenport Rd (0.42 km, 2023) each recorded zero closed leases, serving purely as architectural and amenity references rather than active pricing benchmarks. The active peer set spans a nine-year structural gap between the 2009-era Madison Avenue Lofts and the 2025 ANX Condos, bracketing South Hill On Madison's 2018 completion. The overall comp benchmark averages $2,676 per month at $4.07 per square foot across 669 square feet of interior space, while the broader South Midtown submarket runs materially higher at $3,731 per month and $4.42 per square foot. South Hill On Madison's realized lease average of $2,875 per month at $3.86 per square foot over 750 square feet positions the building above the immediate comp pocket on nominal rent yet below both the comp average rate per square foot and the submarket benchmark. The 750-square-foot average footprint exceeds the comp average by 81 square feet, meaning the building's value proposition rests on delivering a larger interior envelope at a competitive per-square-foot rate rather than competing on unit size alone.

380 MacPherson Ave, Toronto

Avg Asking$2,913/mo
Avg $/SF$4.01
Rent Spread:
-$338/mo (-10.4%) Lower

322 Dupont Street, Toronto

Avg Asking$2,921/mo
Avg $/SF$4.62
Rent Spread:
-$329/mo (-10.1%) Lower

280 St George Street, Toronto

Avg Asking$2,025/mo
Avg $/SF$4.09
Rent Spread:
-$1,225/mo (-37.7%) Lower

276 St George Street, Toronto

Avg Asking$2,123/mo
Avg $/SF$4.06
Rent Spread:
-$1,128/mo (-34.7%) Lower

159 Russell Hill Road, Toronto

Avg Asking$3,200/mo
Avg $/SF$3.76
Rent Spread:
-$50/mo (-1.5%) Lower

88 Bernard Avenue, Toronto

Avg Asking$1,750/mo
Avg $/SF$4.55
Rent Spread:
-$1,500/mo (-46.2%) Lower

Comparable Analysis & Questions

How do rental rates at South Hill On Madison compare to neighbouring buildings within South Midtown?

South Hill On Madison's average realized lease rent of $2,875 per month sits $199 above the overall comp benchmark of $2,676, with both active competitors pricing below the subject. Madison Avenue Lofts at 380 MacPherson Ave (0.09 km, 2 closed leases) averaged $2,525 per month at $3.62 per square foot over 700 square feet, placing the subject $350 higher on a monthly basis. ANX Condos at 322 Dupont Street (0.36 km, 36 closed leases) averaged $2,827 per month at $4.51 per square foot over 637 square feet, leaving the subject $48 higher monthly. The Summit at 280 St George Street (0.41 km) and 346 Davenport at 346 Davenport Rd (0.42 km) each recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark against which to compare.

Does South Hill On Madison offer a competitive price-per-square-foot ($/SF) against local comparables?

South Hill On Madison leases at $3.86 per square foot over an average 750-square-foot footprint, trading at a discount below ANX Condos' $4.51 per square foot while commanding a premium over Madison Avenue Lofts' $3.62 per square foot, and sitting 12.7% below the South Midtown submarket leased rate of $4.42 per square foot. Against ANX Condos, the subject trades at a $0.65 per square foot (14.4%) discount yet provides 113 more interior square feet, meaning the modest $48 monthly rent premium is entirely a function of the larger interior envelope rather than a higher asset valuation per unit of space. Against Madison Avenue Lofts, the subject commands a $0.24 per square foot (6.6%) premium and delivers 50 additional square feet, justifying the $350 monthly differential through both a higher rate and a bigger footprint. In both cases the nominal rent spread is driven by interior square footage rather than a pure per-square-foot revaluation.

How do building age, amenities, and developer reputation impact rent spreads?

South Hill On Madison offers an eleven-feature lifestyle package including a yoga studio, pet wash station, dining room and kitchen, media and theatre room, and rooftop terrace with BBQ area, positioning it as a mid-range amenity building that outperforms its single-amenity peers while falling short of the aquatic and wellness offerings at ANX Condos. The subject's yoga studio and pet wash station are absent from both Madison Avenue Lofts and ANX Condos, while ANX Condos counters with an outdoor pool and EV charging station that South Hill On Madison does not provide. Madison Avenue Lofts adds a sauna and steam room, library and reading room, and EV charging that the subject lacks, though the subject's dedicated dining room and kitchen, media and theatre room, and garden courtyard are not matched at ANX Condos. The building's amenity mix best serves young professionals and small households who prioritize a full-service social and wellness environment—yoga, group dining, pet care—without requiring resort-style aquatic facilities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around South Hill On Madison.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Party & Lounge Room
  • Meeting Room
  • Dining Room & Kitchen
  • Media & Theatre Room
  • Rooftop Terrace
  • BBQ Area
  • Garden & Courtyard
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for South Hill On Madison.

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.