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Market Data as of August 31, 2026

Uptown Markham - Riverview C — Rental Market Data

38 Water Walk Dr, Markham, Ontario L3R 6M8
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
2
$2,315
1-Bedroom + Den
2
$2,575
2-Bedroom
2
$2,925
3-Bedroom+
1
$3,550

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2023
Total Suites322
DeveloperTimes Group

Located at 38 Water Walk Dr in Markham City Centre, Uptown Markham - Riverview C is an established residential building developed by Times Group and completed in 2023. Comprising 322 suites, the property currently maintains 7 active listings yielding a modest availability rate of 2.2 percent. Furthermore, the property recorded 20 closed leases over the past 90 days with an average days on market of 26 days, alongside a 30-day leasing velocity of 7 closed leases with an average days on market of 20 days.

Active asking rents average $2,740 per month at $3.80 per square foot, tracking above the realized 90-day lease average of $2,552 per month and $3.69 per square foot. Current active inventory leans toward more compact suite footprints averaging 736 square feet compared to historical averages, while the active asking rate per square foot sits 6.1 percent above the broader submarket asking benchmark of $3.58 per square foot.

Marketing friction remains relatively low for successfully leased units, though 2 unrented units that were eventually delisted sat on the market for an average of 63 days while asking an average of $2,750 per month, indicating that overpricing relative to realized leases prolongs vacancy. Prospective tenants currently encounter balanced selection across 1-bedroom, 1-bedroom plus den, and 2-bedroom configurations, whereas 3-bedroom plus layouts are limited to a single available listing.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Uptown Markham - Riverview C as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units7
-2 (22.2%)
Avg Asking Rent$2,740
+$51 (1.9%)
Avg Suite Size736 sf
-9 sf (1.2%)
Avg Days on Market31d
+8d (37.4%)
Avg Asking $/SF$3.80
+$0.10 (2.7%)

Active Market Insights & Questions

How has rental availability changed at Uptown Markham - Riverview C recently?

Uptown Markham - Riverview C carries 7 active listings as of August 31, 2026, with asking rents ranging from $2,280 to $3,550 per month, averaging $2,740 per month and a median of $2,700 per month. Active suites feature an average size of 736 square feet at an average asking rate of $3.80 per square foot. 1-bedroom layouts represent the dominant active inventory share at 28.6 percent, reflecting a balance between compact entry-level options and larger multi-bedroom executive suites.

What floor plans and unit layouts are currently available at Uptown Markham - Riverview C?

The dominant active layout at Uptown Markham - Riverview C is the 1-Bedroom configuration, representing 2 active listings and a 28.6 percent share of current inventory with an average rent of $2,315 per month across 550 square feet at $4.21 per square foot. 1-Bedroom + Den suites also account for 2 listings and a 28.6 percent share, averaging $2,575 per month across 675 square feet at $3.81 per square foot. Meanwhile, 2-Bedroom units comprise 2 listings and a 28.6 percent share, asking an average of $2,925 per month across 800 square feet at $3.67 per square foot, while the sole 3-Bedroom+ listing commands $3,550 per month across 1,100 square feet at $3.23 per square foot.

What is the average asking rent and $/SF by suite size at Uptown Markham - Riverview C?

Uptown Markham - Riverview C exhibits a minimum entry rent of $2,280 per month and a peak asking rent of $3,550 per month, creating a dollar spread of $1,270 per month or a 55.7 percent spread. The median asking rent stands at $2,700 per month across all active inventory. The entry-level option consists of a 1-bedroom suite spanning 550 square feet at an asking rate of $4.15 per square foot, whereas the peak tier is anchored by a 3-bedroom+ suite spanning 1,100 square feet at an asking rate of $3.23 per square foot.

How much extra do parking spaces and dens cost at Uptown Markham - Riverview C?

Uptown Markham - Riverview C commands an active den premium of $260 per month for a square footage delta of 125 square feet. This additional den space equates to a marginal cost of $2.08 per square foot. Meanwhile, active parking premium data cannot be reliably isolated due to an insufficient paired sample.

How do asking rents at Uptown Markham - Riverview C compare to local and municipal benchmarks?

Uptown Markham - Riverview C maintains an average asking rent of $2,740 per month at $3.80 per square foot, comparing to the Markham City Centre submarket asking benchmark of $2,711 per month at $3.58 per square foot. The higher nominal monthly outlay is driven by suite sizing and positioning rather than cheaper unit pricing, with the building's asking rate sitting 6.1 percent above the submarket asking benchmark per square foot while representing 7.3 percent of total submarket active inventory.

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 Uptown Markham - Riverview C (Data period: For the month of August 2026).

Units Leased7
Avg Leased Price$2,514
Avg Leased Size732 sf
Avg Days to Lease20d
Leased $/SF$3.68

Leased Transaction Insights & Questions

How many suites were leased at Uptown Markham - Riverview C last month, and how fast did they rent?

At Uptown Markham - Riverview C (38 Water Walk Dr), the 30-day leasing velocity registered 7 closed transactions with an average days on market of 20 days, compared to 20 deals over the 90-day window averaging 26 days on market and a submarket benchmark days on market of 27 days. Leasing turnover accelerated significantly over the summer, rising from 4 closed deals in May to 7 transactions per month in both July and August.

What is the negotiation spread between asking rents and closed lease prices at Uptown Markham - Riverview C?

At Uptown Markham - Riverview C (38 Water Walk Dr), the net negotiation outcome yielded an average discount of $27 per month, representing a 1.06% concession below asking and delivering $324 in annual tenant savings. Exactly 41.7% of closed leases secured concessions below asking price, reinforcing tenant pricing leverage across the building.

What are typical executed lease prices across different layouts at Uptown Markham - Riverview C?

At Uptown Markham - Riverview C (38 Water Walk Dr), the two highest-volume anchor layouts are 1-Bedroom + Den configurations averaging $2,420 per month over 26 days on market, and 2-Bedroom + Den suites averaging $3,238 per month over 22 days on market. For 1-Bedroom + Den units, 15 closed leases recorded an average rent of $2,420 per month, a median of $2,450 per month, a P25-P75 range of $2,400 to $2,450 per month, an average size of 648 square feet, $3.75 per square foot, and 26 days on market. For 2-Bedroom + Den units, 4 closed leases recorded an average rent of $3,238 per month, a median of $3,225 per month, a P25-P75 range of $3,200 to $3,262 per month, an average size of 1,089 square feet, $2.97 per square foot, and 22 days on market (note that this represents an individual deal rather than a broad statistical benchmark). For 2-Bedroom configurations, 3 closed leases recorded an average rent of $2,893 per month, a median of $2,900 per month, a P25-P75 range of $2,890 to $2,900 per month, an average size of 789 square feet, $3.68 per square foot, and 30 days on market (note that this represents an individual deal rather than a broad statistical benchmark). For 1-Bedroom units, 2 closed leases recorded an average rent of $2,225 per month, a median of $2,225 per month, a P25-P75 range of $2,212 to $2,238 per month, an average size of 554 square feet, $4.02 per square foot, and 8 days on market (note that this represents an individual deal rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Uptown Markham - Riverview C?

At Uptown Markham - Riverview C (38 Water Walk Dr), realized leased parking premiums had insufficient paired data to isolate a distinct monthly dollar value. Suite bundling patterns indicate parking is frequently absorbed into the base rent for larger floor plans rather than itemized separately. Active asking parking data similarly exhibits an insufficient sample size to establish a reliable baseline.

How does the lease-to-listing ratio at Uptown Markham - Riverview C reflect current tenant demand?

At Uptown Markham - Riverview C (38 Water Walk Dr), overall monthly rent followed a gradual downward adjustment from spring peaks as seasonal leasing volume expanded. May recorded 4 closed deals averaging $2,838 per month at $3.36 per square foot over 18 days on market. June registered 6 closed deals averaging $2,622 per month at $3.66 per square foot over 27 days on market. July achieved 7 closed deals averaging $2,529 per month at $3.74 per square foot over 30 days on market. August closed 7 deals averaging $2,514 per month at $3.68 per square foot over 20 days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units2
Avg Asking Price$2,750
Avg Suite Size750 sf
Avg Days on Market63d
Delisted $/SF$3.83

De-Listed Market Analysis & Questions

How many listings de-listed at Uptown Markham - Riverview C, and what was their re-listing price compared to previous asking?

At Uptown Markham - Riverview C (38 Water Walk Dr), a total of 2 units were delisted, representing a delisted-to-leased ratio of 28.6% relative to the 24 closed leases. This unrented volume consists of 1 terminated listing and 1 expired listing, resulting in approximately 1 unrented listing pulled for every 3.4 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Uptown Markham - Riverview C?

At Uptown Markham - Riverview C (38 Water Walk Dr), unrented units asked an average of $2,750 per month, which is $236 per month above realized lease averages of $2,514 per month. Unrented units were overpriced relative to realized leases, generating an asking rate of $3.83 per square foot compared to the broader building realized baseline of $3.64 per square foot.

What market friction causes rental listings to stall or de-list at Uptown Markham - Riverview C?

At Uptown Markham - Riverview C (38 Water Walk Dr), delisted unrented units sat on the market for an average of 63 days compared to 20 days for recent realized leases. This excess marketing duration of 43 days represents roughly 1.4 months of lost rental income plus ongoing monthly condo maintenance fees, illustrating the carrying cost of price pushback.

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)
2026-04-27628428393.4922
2026-04-28628428393.4923
2026-04-29628428393.4924
2026-04-30728938763.4121
2026-05-01728938763.4122
2026-05-02727938123.5422
2026-05-03727938123.5423
2026-05-04727938123.5424
2026-05-05827447793.6522
2026-05-06726797333.7525
2026-05-07726797333.7526
2026-05-08627087473.7424
2026-05-09627087473.7425
2026-05-10627087473.7426
2026-05-11627087473.7427
2026-05-12726797303.7724
2026-05-13826507203.7722
2026-05-14826507203.7723
2026-05-15826507203.7724
2026-05-16826507203.7725
2026-05-17726717303.7628
2026-05-18626507173.8129
2026-05-19626507173.8130
2026-05-20726217073.8126
2026-05-21726217073.8127
2026-05-22726217073.8128
2026-05-23726217073.8129
2026-05-24726217073.8130
2026-05-25726217073.8131
2026-05-26726217073.8132
2026-05-27726217073.8133
2026-05-28826006873.8930
2026-05-29826006873.8931
2026-05-30826006873.8932
2026-05-31826006873.8933
2026-06-01826006873.8934
2026-06-02826006873.8935
2026-06-031025756803.8720
2026-06-041025756803.8721
2026-06-05925006383.9616
2026-06-06925006383.9617
2026-06-07925006383.9618
2026-06-08925006383.9619
2026-06-09825006403.9519
2026-06-10825506523.9520
2026-06-11825416523.9415
2026-06-12825416523.9416
2026-06-13825416523.9417
2026-06-14825416523.9418
2026-06-15825416523.9419
2026-06-16925316523.9218
2026-06-171125576703.8615
2026-06-181125576703.8616
2026-06-191125576703.8617
2026-06-201125576703.8618
2026-06-211125576703.8619
2026-06-221125576703.8620
2026-06-231025586723.8521
2026-06-24925766853.8019
2026-06-25826167023.7620
2026-06-26826167023.7621
2026-06-27826167023.7622
2026-06-28826167023.7623
2026-06-29725796793.8225
2026-06-30626006833.8324
2026-07-01626006833.8325
2026-07-02725796793.8222
2026-07-03926177063.7518
2026-07-04826387003.8119
2026-07-05826387003.8120
2026-07-06826387003.8121
2026-07-07826387003.8122
2026-07-08826387003.8123
2026-07-09726006933.8023
2026-07-10626257003.8124
2026-07-11626257003.8125
2026-07-12626257003.8126
2026-07-13626257003.8126
2026-07-14626257003.8127
2026-07-15827757693.6821
2026-07-16927397673.6419
2026-07-171026857453.6718
2026-07-181026857453.6719
2026-07-191126687363.6918
2026-07-201126687363.6919
2026-07-211126687363.6920
2026-07-221126687363.6921
2026-07-231126687363.6922
2026-07-241126687363.6923
2026-07-251226467213.7522
2026-07-261226467213.7523
2026-07-271027107453.7221
2026-07-281027107453.7222
2026-07-29926897443.7021
2026-07-30926897443.7022
2026-07-31926897443.7023
2026-08-01926897443.7024
2026-08-02926897443.7025
2026-08-03926897443.7026
2026-08-041027607803.6424
2026-08-051027607803.6425
2026-08-061026857413.7323
2026-08-071026857413.7324
2026-08-08927117513.7323
2026-08-091027107463.7422
2026-08-10926337063.8125
2026-08-111026056913.8623
2026-08-12926397063.8326
2026-08-13826697253.7628
2026-08-14927007283.7826
2026-08-151026587103.8224
2026-08-161026587103.8225
2026-08-17926767173.8226
2026-08-18926767173.8227
2026-08-19926767173.8228
2026-08-20926767173.8229
2026-08-21926767173.8230
2026-08-22926767173.8231
2026-08-23926767173.8232
2026-08-241026487103.8030
2026-08-251026487103.8031
2026-08-26926707063.8631
2026-08-27926707063.8632
2026-08-28826987253.7925
2026-08-29727407363.8029
2026-08-30727407363.8030
2026-08-31727407363.8031

12-Month Market Dynamics & Trend Trajectory

Uptown Markham - Riverview C (38 Water Walk Dr) has established a consistent leasing history backed by 24 total lifetime transactions. Closed leases average $2,599 per month at $3.64 per square foot across an average suite size of 732 square feet, with a lifetime average days on market of 24 days reflecting steady tenant turnover. Pricing discipline in the building favors incoming occupants, as transactions reflect a net negotiation discount of $27 per month, or 1.06% below asking price. Over 41% of leasing agreements successfully secured rate concessions, demonstrating persistent tenant leverage and landlord willingness to adjust asking targets to secure occupancy.

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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)
2026-04-261320011002.917
2026-05-03228508753.3826
2026-05-100N/AN/AN/AN/A
2026-05-17124506503.7715
2026-05-240N/AN/AN/AN/A
2026-05-311325010563.0869
2026-06-07224756383.8818
2026-06-140N/AN/AN/AN/A
2026-06-21223256003.8821
2026-06-28226658093.2918
2026-07-05226757003.8227
2026-07-12124006503.6910
2026-07-190N/AN/AN/AN/A
2026-07-26325006503.8542
2026-08-02124506503.7737
2026-08-09326337363.7710
2026-08-16125006503.8529
2026-08-23223757003.4123

Nearby Building Rental Comparables & Price Spreads

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

Uptown Markham - Riverview C at 38 Water Walk Dr is evaluated against a competitive set of four nearby buildings in the Markham City Centre submarket, anchored primarily by newer contemporaries and established alternatives within a 0.16-kilometer radius. The immediate micro-market features modern developments completed in 2018 and 2023, such as Uptown Markham - Riverview A at 8 Water Walk Dr (0.09 km away, completed in 2023, with 28 active listings), Uptown Markham - Riverview B at 18 Water Walk Dr (0.11 km away, completed in 2023, with 26 active listings), Uptown Markham - Riverside Building B at 25 Water Walk Dr (0.16 km away, completed in 2018, with 15 active listings), alongside the much older Ellington Park at 1 Verclaire Gate (0.12 km away, built in 2009, with 2 active listings). Across this competitive landscape, the overall comp average lease rent stands at $2,930 per month, trading at an average of $3.33 per square foot across an average suite size of 930 square feet. Uptown Markham - Riverview C positions itself firmly within this modern node, balancing contemporary build quality against denser floor plans that command a healthy rate per square foot relative to the broader submarket's historical benchmarks.

8 Water Walk Dr, Markham

Avg Asking$2,935/mo
Avg $/SF$3.49
Rent Spread:
+$195/mo (+7.1%) Higher

18 Water Walk Dr, Markham

Avg Asking$2,823/mo
Avg $/SF$3.51
Rent Spread:
+$83/mo (+3.0%) Higher

1 Verclaire Gate, Markham

Avg Asking$3,650/mo
Avg $/SF$2.61
Rent Spread:
+$910/mo (+33.2%) Higher

25 Water Walk Dr, Markham

Avg Asking$2,443/mo
Avg $/SF$3.73
Rent Spread:
-$297/mo (-10.8%) Lower

15 Water Walk Dr, Markham

Avg Asking$2,486/mo
Avg $/SF$3.68
Rent Spread:
-$254/mo (-9.3%) Lower

28 Uptown Dr, Markham

Avg Asking$2,496/mo
Avg $/SF$3.42
Rent Spread:
-$244/mo (-8.9%) Lower

Comparable Analysis & Questions

How do rental rates at Uptown Markham - Riverview C compare to neighbouring buildings within Markham City Centre?

Uptown Markham - Riverview C achieves an average lease rent that compares dynamically against the overall comp average of $2,930 per month across key benchmarks including Uptown Markham - Riverview A, Uptown Markham - Riverview B, Ellington Park, and Uptown Markham - Riverside Building B. Uptown Markham - Riverview A (8 Water Walk Dr) reports an average lease rent of $2,908 per month at $3.62 per square foot across an average of 833 square feet. Uptown Markham - Riverview B (18 Water Walk Dr) logs an average lease rent of $2,718 per month at $3.46 per square foot across an average of 805 square feet. Ellington Park (1 Verclaire Gate) commands an average lease rent of $3,650 per month at $2.61 per square foot across a significantly larger average footprint of 1,400 square feet. Finally, Uptown Markham - Riverside Building B (25 Water Walk Dr) registers an average lease rent of $2,442 per month at $3.64 per square foot across an average of 680 square feet.

Does Uptown Markham - Riverview C offer a competitive price-per-square-foot ($/SF) against local comparables?

Uptown Markham - Riverview C establishes its value proposition by delivering efficient, contemporary layouts that trade at competitive rates per square foot relative to both immediate peers and the broader submarket benchmark of $3.57 per square foot. Renters evaluating the building weigh trade-offs between modern finish packages, lower utility burdens, and updated mechanical efficiencies versus older, oversized alternatives like Ellington Park, which offers expansive 1,400-square-foot floor plates at a lower $2.61 per square foot. Conversely, when compared against compact alternatives such as Uptown Markham - Riverside Building B (averaging 680 square feet at $3.64 per square foot) or Riverview A (averaging 833 square feet at $3.62 per square foot), Uptown Markham - Riverview C provides a balanced spatial footprint that aligns with modern tenant expectations for functional density without sacrificing living comfort.

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

Uptown Markham - Riverview C delivers an extensive lifestyle and wellness package that distinguishes it from neighboring properties through a robust selection of shared recreational infrastructure. The building features standout signature amenities including an indoor pool, a dedicated yoga studio, a relaxing sauna and steam room, a convenient pet wash station, and a landscaped rooftop terrace with a BBQ area. When contrasted against nearby peers, Riverview C matches or exceeds local offerings; for instance, while Uptown Markham - Riverview A (8 Water Walk Dr) includes an EV charging station and car wash bay alongside its indoor pool and gym, and Uptown Markham - Riverside Building B (25 Water Walk Dr) offers an outdoor pool and a hot tub and jacuzzi, Riverview C curates a comprehensive wellness environment complete with dedicated pet care and indoor aquatic facilities. These offerings cater exceptionally well to professionals, wellness enthusiasts, and pet owners seeking an all-inclusive vertical community.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Uptown Markham - Riverview C.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Indoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Uptown Markham - Riverview C.

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.