Skip to Content

Market Data as of August 31, 2026

Hillside III — Rental Market Data

38 William Carson Cres, North York, Ontario M2P 2H2
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom + Den
1
$4,500

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2006
Total Suites162
DeveloperState Building Group

Hillside III at 38 William Carson Crescent in North York's York Mills neighborhood is a 162-suite residential building completed in 2006 by State Building Group. As of August 31, 2026, one unit is actively listed, representing a 0.6 percent availability rate. The building recorded one closed lease in the trailing 30 days at an average of $3,500 per month with a two-day marketing cycle, and two leases over the past 90 days averaging five days on market.

The single active listing asks $4,500 per month on a 1,300-square-foot footprint, translating to $3.46 per square foot. That asking rate exceeds the building's realized lease average of $3.18 per square foot on 1,100-square-foot suites, meaning the current listing commands a higher per-square-foot price despite the larger footprint. Against the York Mills submarket asking benchmark of $3.60 per square foot, Hillside III's active rate sits 3.9 percent below market, though the nominal monthly rent of $4,500 runs above the submarket average asking rent of $4,000 because the suite is 189 square feet larger than the submarket implied average of 1,111 square feet.

Marketing friction at Hillside III is modest: the active listing has been on market for 21 days, well under the submarket average of 30 days, and the one delisted unit that expired after 36 days asked $5,000 per month—42.9 percent above realized lease averages—indicating that overpriced units stall while correctly positioned ones lease quickly. Across all tracked closed transactions, leases closed at asking with zero dollar concession, reflecting balanced tenant-landlord leverage. The single active unit is a 2-Bedroom + Den, leaving no one-bedroom or three-bedroom options currently available; renters seeking alternative layouts must look to the four other active listings across the broader York Mills submarket.

Get Monthly Rental Market Updates for Hillside III

Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.

Strictly monthly updates. One-click unsubscribe at any time.

Active Rental Inventory & Asking Rates

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

Active Units1
0
Avg Asking Rent$4,500
-$500 (10.0%)
Avg Suite Size1,300 sf
0 sf
Avg Days on Market21d
+10d (90.9%)
Avg Asking $/SF$3.46
-$0.38 (10.0%)

Active Market Insights & Questions

How has rental availability changed at Hillside III recently?

Hillside III has one active listing as of August 31, 2026, asking $4,500 per month with a minimum and maximum rent of $4,500 and a median of $4,500. The available suite spans 1,300 square feet at an asking rate of $3.46 per square foot. This single listing is a 2-Bedroom + Den, representing 100 percent of active inventory, positioning the building's current availability squarely in the multi-bedroom executive tier rather than compact entry-level stock.

What floor plans and unit layouts are currently available at Hillside III?

The sole active layout at Hillside III is the 2-Bedroom + Den, with one unit representing 100 percent of available inventory. That listing asks $4,500 per month on 1,300 square feet at $3.46 per square foot. No one-bedroom, two-bedroom without den, or three-bedroom units are currently listed, so renters seeking those configurations must turn to the remaining four active listings in the York Mills submarket.

What is the average asking rent and $/SF by suite size at Hillside III?

Hillside III's single active listing sets both the minimum and maximum asking rent at $4,500 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 2-Bedroom + Den at 1,300 square feet and $3.46 per square foot. With only one listing on the market, there is no internal price gradient for renters to navigate within this building.

How much extra do parking spaces and dens cost at Hillside III?

Hillside III's active den premium and square-footage delta cannot be quantified from the current single-listing sample, as no paired comparison between den and non-den units is available. Parking stall costs at this building also 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 renters.

How do asking rents at Hillside III compare to local and municipal benchmarks?

Hillside III's active asking rent of $4,500 per month and $3.46 per square foot compare against the York Mills submarket average asking rent of $4,000 and $3.60 per square foot. The building's per-square-foot rate runs 3.9 percent below the submarket asking benchmark, while the higher nominal monthly rent is explained by the 1,300-square-foot suite being 189 square feet larger than the submarket implied average of 1,111 square feet. Hillside III accounts for one out of five available listings in the York Mills submarket, or 20 percent of current 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 Hillside III (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$3,500
Avg Leased Size1,100 sf
Avg Days to Lease2d
Leased $/SF$3.18

Leased Transaction Insights & Questions

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

Hillside III closed one lease in the trailing 30 days with a 2-day DOM, compared to a 5-day average over 90 days and a 30-day submarket benchmark of 30 days. The building recorded two total leases over the past year, both within the last 90 days, indicating leasing activity paused for roughly six months before resuming. Turnover remains minimal at one closing per quarter, well below the submarket's five active listings competing for the same tenant pool.

What is the negotiation spread between asking rents and closed lease prices at Hillside III?

Hillside III leases settled on average at exactly 100% of asking price, with zero dollar variance and no annualized savings or gain for either party. Both tracked transactions closed at the listed rate, meaning landlords did not concede below asking and tenants did not pay a premium. This balanced outcome reflects a thin transaction set where neither side held measurable pricing leverage.

What are typical executed lease prices across different layouts at Hillside III?

The 2-Bedroom + Den layout is the sole leased configuration at Hillside III, averaging $3,500 per month with a 5-day DOM across two closed leases. This represents a small sample size and serves as a directional indicator only, not a broad statistical benchmark. The median rent sits at $3,500, the P25–P75 range spans $3,499 to $3,500, average suite size is 1,100 square feet, and the rate per square foot lands at $3.18.

What measurable rent premium did suites with parking achieve in closed leases at Hillside III?

Hillside III does not have a reliably isolated parking premium, as paired lease data is insufficient to separate parking charges from base rent. Active listings at the building also show unreliable or outlier parking figures, preventing a defensible monthly parking value. Tenants should confirm whether parking is bundled into the listed rent or billed separately before signing a lease.

How does the lease-to-listing ratio at Hillside III reflect current tenant demand?

Hillside III shows a flat rent trajectory across its two tracked months, with no meaningful seasonal shift in pricing. In June 2026, one lease closed at $3,499 per month ($3.18 per square foot) after 7 days on market. In August 2026, one lease closed at $3,500 per month ($3.18 per square foot) after just 2 days on market. The one-dollar nominal increase is negligible and does not signal a pricing trend.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$5,000
Avg Suite Size1,300 sf
Avg Days on Market36d
Delisted $/SF$3.85

De-Listed Market Analysis & Questions

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

Hillside III logged one delisted unit, representing a 100% ratio against its single 30-day lease and a 50% ratio against lifetime volume. The listing was suspended rather than terminated or expired, suggesting the landlord pulled the unit from market without a final decision. This single delisting functions as a friction indicator: for every lease that closed in the trailing month, one unit failed to convert and was withdrawn.

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

Hillside III's delisted unit asked an average of $5,000 per month, which is $1,500 per month (42.9%) above the realized lease average of $3,500 per month. The delisted rate per square foot reached $3.85 versus $3.18 for closed leases, confirming direct overpricing relative to market-clearing levels. This spread signals the landlord priced well above what tenants were willing to pay in this submarket.

What market friction causes rental listings to stall or de-list at Hillside III?

Hillside III's delisted unit sat on market for an average of 36 days, compared to a 5-day realized lease DOM, creating a 31-day excess marketing period. That excess translates to roughly $5,167 in lost rent at the $5,000 asking rate, plus ongoing condo maintenance fees during the unrented carry. The 34-day gap against the 30-day DOM benchmark further underscores how far the listing drifted from the submarket's typical absorption window.

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
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)
2026-04-27128007503.7398
2026-04-28128007503.7399
2026-04-29128007503.73100
2026-06-151349911003.18N/A
2026-06-161349911003.181
2026-06-171349911003.182
2026-06-181349911003.183
2026-06-191349911003.184
2026-06-201349911003.185
2026-06-211349911003.186
2026-07-201500013003.85N/A
2026-07-211500013003.851
2026-07-221500013003.852
2026-07-231500013003.853
2026-07-241500013003.854
2026-07-251500013003.855
2026-07-261500013003.856
2026-07-271500013003.857
2026-07-281500013003.858
2026-07-291500013003.859
2026-07-301500013003.8510
2026-07-311500013003.8511
2026-08-011500013003.8512
2026-08-021500013003.8513
2026-08-031500013003.8514
2026-08-041500013003.8515
2026-08-051500013003.8516
2026-08-061500013003.8517
2026-08-071500013003.8518
2026-08-081500013003.8519
2026-08-091500013003.8520
2026-08-102475013003.6511
2026-08-112475013003.6512
2026-08-122475013003.6513
2026-08-132475013003.6514
2026-08-142475013003.6515
2026-08-152475013003.6516
2026-08-162475013003.6517
2026-08-172475013003.6518
2026-08-182475013003.6519
2026-08-193433312333.5013
2026-08-203433312333.5014
2026-08-212475013003.6522
2026-08-222475013003.6523
2026-08-232475013003.6524
2026-08-242475013003.6525
2026-08-251450013003.4615
2026-08-261450013003.4616
2026-08-271450013003.4617
2026-08-281450013003.4618
2026-08-291450013003.4619
2026-08-301450013003.4620
2026-08-311450013003.4621

12-Month Market Dynamics & Trend Trajectory

Hillside III realized an average lease rent of $3,500 per month at $3.18 per square foot, trading 7% below the York Mills submarket average of $3,757 and 13.6% below the submarket rate of $3.68 per square foot. The building's 5-day average DOM also undercuts the submarket's 30-day benchmark, suggesting that when pricing aligns with local demand, units lease quickly at a modest discount to surrounding inventory. Both tracked leases at Hillside III closed at exactly asking price with zero dollar variance, indicating balanced negotiation dynamics rather than landlord concessions or tenant premiums. With only two transactions in the dataset, this at-asking result is a directional reference rather than an established pattern. The absence of any discount or premium suggests landlords in this building are pricing close to market-clearing levels, avoiding the overpricing trap that produced the $1,500-per-month delisted spread.

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
Chart metrics & timeframe
Max 2 selected
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
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-06-211349911003.187
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-161350011003.182

Nearby Building Rental Comparables & Price Spreads

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

Hillside III at 38 William Carson Cres sits in a tightly clustered competitive pocket on William Carson Crescent where three sister and adjacent properties trade within 150 metres. The Antiquary of York Mills (11 William Carson Cres, 0.1 km, completed 2001) recorded one closed lease over the trailing 180 days; Hillside II (28 William Carson Cres, 0.11 km, completed 2002) logged three; and Hillside I (18 William Carson Cres, 0.15 km, completed 2000) closed seven leases in the same window. Slightly further afield, Southminster Manor at 28 Upper Canada Drive (0.26 km, completed 1958) registered a single closed lease, anchoring the lower end of the price spectrum with its mid-century construction and minimal common facilities. All four comparables posted active transaction volume, giving Hillside III a fully benchmarked peer set spanning a 56-year construction range from 1958 to 2006. Against the four-comp average of $3,151 per month, $3.41 per square foot, and 920 square feet of interior space, Hillside III's realized lease metrics of $3,500 per month at $3.18 per square foot across 1,100 square feet position the building as a larger-footprint, lower-rate-per-foot offering. The subject's 1,100-square-foot average suite exceeds the comp mean by 180 square feet, while its per-square-foot rate sits $0.23 below the four-building average. This combination means Hillside III delivers a meaningfully more spacious living area at a modestly lower cost per unit of space, a value proposition that differentiates it from the tighter 878-to-1,113-square-foot range its immediate neighbours occupy and from the 650-square-foot units at Southminster Manor.

11 William Carson Cres, North York

Avg Asking$3,450/mo
Avg $/SF$3.54
Rent Spread:
-$1,050/mo (-23.3%) Lower

28 William Carson Cres, North York

Avg Asking$3,340/mo
Avg $/SF$3.65
Rent Spread:
-$1,160/mo (-25.8%) Lower

18 William Carson Cres, North York

Avg Asking$3,572/mo
Avg $/SF$3.39
Rent Spread:
-$928/mo (-20.6%) Lower

28 Upper Canada Drive, North York

Avg Asking$1,900/mo
Avg $/SF$2.79
Rent Spread:
-$2,600/mo (-57.8%) Lower

29 Upper Canada Drive, North York

Avg Asking$2,000/mo
Avg $/SF$2.35
Rent Spread:
-$2,500/mo (-55.6%) Lower

78 Harrison Garden Blvd, North York

Avg Asking$2,725/mo
Avg $/SF$3.79
Rent Spread:
-$1,775/mo (-39.4%) Lower

Comparable Analysis & Questions

How do rental rates at Hillside III compare to neighbouring buildings within York Mills?

Hillside III's average realized lease rent of $3,500 per month runs $349 above the four-comparables benchmark of $3,151, a spread driven primarily by the outlier-low Southminster Manor figure rather than by premium pricing against the three William Carson Crescent peers. The Antiquary of York Mills at 11 William Carson Cres (0.1 km, one closed lease) averaged $3,450 per month at $3.93 per square foot across 878 square feet, placing Hillside III $50 higher on a monthly basis. Hillside II at 28 William Carson Cres (0.11 km, three closed leases) averaged $3,633 per month at $3.50 per square foot over 1,040 square feet, meaning the subject trades $133 lower per month. Hillside I at 18 William Carson Cres (0.15 km, seven closed leases) averaged $3,620 per month at $3.29 per square foot across 1,113 square feet, with the subject $120 lower monthly. Southminster Manor at 28 Upper Canada Drive (0.26 km, one closed lease) averaged $1,900 per month at $2.92 per square foot over 650 square feet, a figure so far below the subject that it skews the comp average downward; Hillside III commands $1,600 more per month than this 1958-era building.

Does Hillside III offer a competitive price-per-square-foot ($/SF) against local comparables?

Hillside III leases at $3.18 per square foot across an average 1,100-square-foot suite, trading at a discount to all three active William Carson Crescent comparables while commanding a premium over the 1958-built Southminster Manor, and delivering more interior space than the submarket's 920-square-foot comp average. Against The Antiquary of York Mills, the subject offers a $0.75-per-square-foot (19.1%) discount and 222 more interior square feet, so renters gain nearly a quarter of an extra room's worth of space at a lower rate per foot, though the total monthly rent still lands $50 higher because the larger footprint partially offsets the per-foot savings. Versus Hillside II, Hillside III trades at a $0.32-per-square-foot (9.1%) discount with 60 additional square feet, producing a net $133-per-month saving for the tenant while still receiving a bigger unit. Against Hillside I, the subject carries a $0.11-per-square-foot (3.3%) discount but provides 13 fewer square feet, a near-parity trade where the slightly smaller footprint and lower per-foot rate together yield a $120-per-month reduction. Southminster Manor, at $2.92 per square foot and 650 square feet, sits in a different asset class entirely; Hillside III commands a $0.26-per-square-foot (8.9%) premium and 450 more square feet, reflecting the building's 2006 construction, full amenity suite, and modern layout versus the mid-century walk-up.

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

Hillside III fields an eleven-item amenity package that overlaps heavily with its three William Carson Crescent neighbours while introducing two signature features—an outdoor putting green and a dedicated dining room with kitchen—that no other building in the immediate peer set offers. The Antiquary of York Mills counters with a rooftop terrace and pet wash station absent from Hillside III, while Hillside II adds EV charging, a rooftop terrace, and package service that the subject does not provide; Hillside I distinguishes itself with a media and theatre room. Southminster Manor, by contrast, offers only a shared laundry room, making the subject's indoor pool, hot tub and jacuzzi, sauna and steam room, gym, concierge and security, party and lounge room, meeting room, games and billiards room, garden and courtyard, and outdoor putting green an order-of-magnitude lifestyle upgrade. The outdoor putting green paired with the full aquatic and wellness suite (pool, hot tub, sauna) and the communal dining kitchen positions Hillside III squarely for social, resort-oriented professionals in their mid-to-late thirties who want a turnkey leisure environment within the building and are willing to trade away a rooftop terrace or EV charging for a more expansive interior footprint and a dedicated green-space recreation amenity.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Hillside III.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • Garden & Courtyard
  • Outdoor Putting Green

Data Methodology & Analytical Standards

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

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.