Market Data as of August 31, 2026

Ellipse II — Rental Market Data

38 Lee Centre Dr, Scarborough, Ontario M1H 3J7

Quick Rent Estimate

Active Suites3 Available

Type

Units

Avg Rent

2-Bedroom

$2,450

1-Bedroom

$2,200

Building Summary & Rental Market Overview

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

Building TypeCondominium

Year Completed2004

Total Suites347

DeveloperLee Developments

Ellipse II is a residential community located in Scarborough, Ontario. Completed in 2004, the property features an estimated 347 suites. As of August 31, 2026, the market features 3 active rental listings averaging $2,367/month ($3.54/SF).

Looking to compare? Explore more buildings in Scarborough City Centre

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Ellipse II as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units3

-11 (78.6%)

Avg Asking Rent$2,367

+$18 (0.8%)

Avg Suite Size683 sf

-29 sf (4.1%)

Avg Days on Market65d

+36d (124.1%)

Avg Asking $/SF$3.54

+$0.22 (6.5%)

Active Market Insights & Questions

How has rental availability changed at Ellipse II recently?

There are currently 3 active rental listings available at 38 Lee Centre Dr in Scarborough. Over the past 30 days, availability has averaged 3 suites.

What floor plans and unit layouts are currently available at Ellipse II?

Current active inventory spans 1-bedroom, 2-bedroom floor plans.

What is the average asking rent and $/SF by suite size at Ellipse II?

Asking rents range across available layouts, averaging $2,367/month ($3.54/SF).

How much extra do parking spaces and dens cost at Ellipse II?

Landlords place an implied premium of $0/month for dedicated parking stalls and $0/month for suites with a den.

How do asking rents at Ellipse II compare to local and municipal benchmarks?

Asking rents at Ellipse II ($2,367/month) are 5.7% lower than the Scarborough average ($2,509/month).

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 Ellipse II (Data period: For the month of August 2026).

Units Leased11

Avg Leased Price$2,259

Avg Leased Size711 sf

Avg Days to Lease45d

Leased $/SF$3.18

Leased Transaction Insights & Questions

How many suites were leased at Ellipse II last month, and how fast did they rent?

Over For the month of August 2026, 11 residential lease transactions closed at Ellipse II, leasing in an average of 45 days on market.

What is the negotiation spread between asking rents and closed lease prices at Ellipse II?

Completed lease contracts averaged $2,259/month, compared to active asking rents of $2,367/month, reflecting a spread of $107/month (4.8%).

What are typical executed lease prices across different layouts at Ellipse II?

Executed lease contracts averaged $2,259/month ($3.18/SF) across closed suites.

What measurable rent premium did suites with parking achieve in closed leases at Ellipse II?

Dedicated parking stalls continue to command tangible contract premiums in finalized lease agreements.

How does the lease-to-listing ratio at Ellipse II reflect current tenant demand?

Absorption velocity remains active, demonstrating steady tenant turnaround across modern suite sizes.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Ellipse II (Data period: For the month of August 2026).

Delisted Units1

Avg Asking Price$2,400

Avg Suite Size750 sf

Avg Days on Market36d

Delisted $/SF$3.20

De-Listed Market Analysis & Questions

How many listings de-listed at Ellipse II, and what was their re-listing price compared to previous asking?

During August 2026, 1 listings were withdrawn or terminated from the market. Re-listed suites returned with price adjustments aligning with local demand.

How do asking prices on de-listed suites compare to executed leases and active listings at Ellipse II?

Withdrawn listings had an average asking rate of $2,400/month ($3.20/SF) prior to removal.

What market friction causes rental listings to stall or de-list at Ellipse II?

Listings spent an average of 36 days on market prior to termination, indicating tenant price resistance on specific layouts.

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

Select layout to filter chart

Unit Type

Parking

Den

Chart Metrics

Max 2 Plotted

Compare up to 2 axes simultaneously:

Show Min / Max Range Bands

Left AxisAsking Price

Avg Asking Price

Right AxisUnits Available

Avg Units Available

Historical statistics trends for active listings
Date	Units Available	Avg Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-04-27	5	2290	685	3.36	56
2026-04-28	5	2290	685	3.36	57
2026-04-29	5	2290	685	3.36	58
2026-04-30	4	2337	693	3.40	59
2026-05-01	5	2300	685	3.38	48
2026-05-02	5	2300	685	3.38	49
2026-05-03	5	2300	685	3.38	50
2026-05-04	5	2300	685	3.38	51
2026-05-05	5	2300	685	3.38	52
2026-05-06	5	2300	685	3.38	53
2026-05-07	5	2300	685	3.38	54
2026-05-08	5	2300	685	3.38	55
2026-05-09	5	2300	685	3.38	56
2026-05-10	5	2300	685	3.38	57
2026-05-11	5	2300	685	3.38	58
2026-05-12	5	2300	685	3.38	59
2026-05-13	4	2337	693	3.40	72
2026-05-14	4	2337	693	3.40	73
2026-05-15	4	2337	693	3.40	74
2026-05-16	4	2337	693	3.40	75
2026-05-17	4	2337	693	3.40	76
2026-05-18	4	2337	693	3.40	77
2026-05-19	4	2337	693	3.40	78
2026-05-20	4	2337	693	3.40	79
2026-05-21	4	2337	693	3.40	80
2026-05-22	5	2410	725	3.35	65
2026-05-23	5	2410	725	3.35	66
2026-05-24	5	2410	725	3.35	67
2026-05-25	5	2410	725	3.35	68
2026-05-26	5	2410	725	3.35	69
2026-05-27	5	2410	725	3.35	70
2026-05-28	6	2392	712	3.38	59
2026-05-29	6	2392	712	3.38	60
2026-05-30	6	2392	712	3.38	61
2026-05-31	6	2392	712	3.38	62
2026-06-01	9	2444	747	3.30	42
2026-06-02	9	2444	747	3.30	43
2026-06-03	9	2444	747	3.30	44
2026-06-04	9	2444	747	3.30	45
2026-06-05	9	2444	747	3.30	46
2026-06-06	9	2444	747	3.30	47
2026-06-07	9	2444	747	3.30	48
2026-06-08	9	2444	747	3.30	49
2026-06-09	9	2444	747	3.30	50
2026-06-10	10	2459	757	3.27	46
2026-06-11	10	2459	757	3.27	47
2026-06-12	10	2459	757	3.27	48
2026-06-13	10	2459	757	3.27	49
2026-06-14	10	2459	757	3.27	50
2026-06-15	10	2459	757	3.27	51
2026-06-16	10	2459	757	3.27	52
2026-06-17	10	2459	757	3.27	53
2026-06-18	10	2459	757	3.27	54
2026-06-19	10	2459	757	3.27	55
2026-06-20	10	2459	757	3.27	56
2026-06-21	10	2459	757	3.27	57
2026-06-22	10	2459	757	3.27	58
2026-06-23	10	2459	757	3.27	59
2026-06-24	11	2440	757	3.25	49
2026-06-25	11	2440	757	3.25	50
2026-06-26	11	2440	757	3.25	51
2026-06-27	11	2440	757	3.25	52
2026-06-28	11	2440	757	3.25	53
2026-06-29	11	2454	743	3.40	53
2026-06-30	10	2475	752	3.40	42
2026-07-01	11	2450	734	3.45	39
2026-07-02	12	2425	729	3.43	37
2026-07-03	13	2410	723	3.43	35
2026-07-04	13	2410	723	3.43	36
2026-07-05	13	2410	723	3.43	37
2026-07-06	13	2410	723	3.43	38
2026-07-07	13	2410	723	3.43	39
2026-07-08	14	2416	732	3.39	37
2026-07-09	13	2403	723	3.42	38
2026-07-10	13	2403	723	3.42	39
2026-07-11	13	2403	723	3.42	40
2026-07-12	13	2403	723	3.42	41
2026-07-13	13	2403	723	3.42	42
2026-07-14	14	2395	723	3.40	40
2026-07-15	14	2395	723	3.40	41
2026-07-16	13	2372	713	3.42	41
2026-07-17	11	2330	688	3.49	41
2026-07-18	10	2354	717	3.31	45
2026-07-19	11	2353	711	3.34	41
2026-07-20	11	2353	711	3.34	42
2026-07-21	11	2353	711	3.34	43
2026-07-22	11	2353	711	3.34	44
2026-07-23	11	2353	711	3.34	45
2026-07-24	11	2353	711	3.34	46
2026-07-25	12	2357	714	3.33	44
2026-07-26	12	2357	714	3.33	45
2026-07-27	12	2357	714	3.33	46
2026-07-28	12	2357	714	3.33	47
2026-07-29	12	2353	717	3.31	32
2026-07-30	13	2357	717	3.31	30
2026-07-31	14	2349	712	3.32	29
2026-08-01	13	2353	709	3.34	29
2026-08-02	13	2353	709	3.34	30
2026-08-03	12	2363	714	3.33	31
2026-08-04	11	2382	718	3.35	32
2026-08-05	11	2382	718	3.35	33
2026-08-06	11	2382	718	3.35	34
2026-08-07	11	2382	718	3.35	35
2026-08-08	11	2382	718	3.35	36
2026-08-09	11	2382	718	3.35	37
2026-08-10	11	2382	718	3.35	38
2026-08-11	11	2382	718	3.35	39
2026-08-12	11	2382	718	3.35	40
2026-08-13	11	2382	718	3.35	41
2026-08-14	11	2382	718	3.35	42
2026-08-15	11	2382	718	3.35	43
2026-08-16	10	2350	705	3.37	41
2026-08-17	10	2350	705	3.37	42
2026-08-18	10	2350	705	3.37	43
2026-08-19	10	2350	705	3.37	44
2026-08-20	11	2341	700	3.37	41
2026-08-21	11	2341	700	3.37	42
2026-08-22	11	2341	700	3.37	43
2026-08-23	10	2335	695	3.39	40
2026-08-24	10	2335	695	3.39	41
2026-08-25	10	2335	695	3.39	42
2026-08-26	7	2343	689	3.44	39
2026-08-27	7	2343	689	3.44	40
2026-08-28	6	2359	696	3.43	46
2026-08-29	6	2359	696	3.43	47
2026-08-30	3	2367	683	3.54	64
2026-08-31	3	2367	683	3.54	65

12-Month Market Dynamics & Trend Trajectory

Over the trailing 12-month period, rental market metrics at Ellipse II reflect broader macroeconomic seasonality and local submarket absorption trends. Use the suite layout filters above to isolate pricing trajectories across studio, 1-bedroom, and 2-bedroom configurations.

Loading inventory data…

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

Unit type

Parking

Den

Lease vs Asking Price Performance

Chart metrics & timeframe

Max 2 selected

Select metrics to plot

Timeframe

Group by

Show min/max boundaries

Latest leased insights and trends

Left AxisLeased Price

Avg Leased Price

Right AxisUnits Leased

Avg Units Leased

Historical statistics trends for leased transactions
Date	Units Leased	Avg Leased Price ($)	Avg SqFt (SF)	Avg PSF ($/SF)	Avg DOM (Days)
2026-05-10	1	2150	650	3.31	12
2026-05-17	0	N/A	N/A	N/A	N/A
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	0	N/A	N/A	N/A	N/A
2026-06-14	0	N/A	N/A	N/A	N/A
2026-06-21	0	N/A	N/A	N/A	N/A
2026-06-28	1	1950	550	3.55	5
2026-07-05	1	2550	850	3.00	29
2026-07-12	4	2375	738	3.49	43
2026-07-19	0	N/A	N/A	N/A	N/A
2026-07-26	1	2300	750	3.07	38
2026-08-02	2	2125	663	3.21	32
2026-08-09	0	N/A	N/A	N/A	N/A
2026-08-16	1	2700	850	3.18	76
2026-08-23	5	2230	705	3.17	50
2026-08-30	2	2226	687	3.25	31

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 Ellipse II with 6 tracked residential buildings in the immediate vicinity.

Ellipse I74 m

36 Lee Centre Dr, Scarborough

Avg Asking$2,242/mo

Avg $/SF$3.30

Rent Spread:

-$124/mo (-5.3%) Lower

May Tower118 m

1 Lee Centre Dr, Scarborough

Avg Asking$2,510/mo

Avg $/SF$3.07

Rent Spread:

+$143/mo (+6.1%) Higher

May Tower II120 m

11 Lee Centre Dr, Scarborough

Avg Asking$2,463/mo

Avg $/SF$3.16

Rent Spread:

+$96/mo (+4.0%) Higher

Hillsborough Court II171 m

8 Lee Centre Dr, Scarborough

Avg Asking$2,511/mo

Avg $/SF$3.15

Rent Spread:

+$144/mo (+6.1%) Higher

Hillsborough Court I205 m

18 Lee Centre Dr, Scarborough

Avg Asking$2,277/mo

Avg $/SF$2.86

Rent Spread:

-$90/mo (-3.8%) Lower

Residences at the Consilium I293 m

88 Corporate Dr, Scarborough

Avg Asking$2,623/mo

Avg $/SF$3.40

Rent Spread:

+$256/mo (+10.8%) Higher

Comparable Analysis & Questions

How do rental rates at Ellipse II compare to neighbouring buildings within Scarborough City Centre?

At $2,367/month ($3.54/SF), Ellipse II maintains a competitive market position compared to surrounding properties.

Does Ellipse 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 Ellipse II and neighbouring options.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Ellipse II.

Building Amenities

Concierge & Security
Gym & Fitness Centre
Indoor Pool
Hot Tub & Jacuzzi
Sauna & Steam Room
Party & Lounge Room
Meeting Room
Media & Theatre Room
Games & Billiards Room
Library & Reading Room
BBQ Area
Garden & Courtyard

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Ellipse II.

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.