Market Data as of August 31, 2026
385 Melvin Avenue — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
385 Melvin Avenue is an established residential building located at 385 Melvin Avenue in Central Hamilton, offering 20 total suites built in 1961. Currently, the building records zero active listings, resulting in a zero percent availability rate as of August 2026. Leasing velocity and historical absorption metrics record zero closed transactions with 0 days on market over the past 90 days, matching the 30-day closed count of 0 units with an average of 0 days on market.
Active asking rents and price per square foot metrics are unavailable for 385 Melvin Avenue given that there are zero units currently on the market. Consequently, direct comparisons to historical realized leases or the wider Central Hamilton submarket asking benchmark of $2,026 per month at $2.94 per square foot cannot be evaluated at this time. Future pricing performance will depend on upcoming unit turnover across the 20-suite property footprint.
Marketing friction cannot be assessed through closed days on market or delisted ratios due to the zero-count active inventory. There are zero units currently available across any bedroom layout tier, reflecting a fully occupied property state with no active selection for prospective tenants.
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Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.
| Date | Units Available | Avg Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-27 | 1 | 1495 | 550 | 2.72 | 41 |
| 2026-04-28 | 1 | 1495 | 550 | 2.72 | 42 |
| 2026-04-29 | 1 | 1495 | 550 | 2.72 | 43 |
| 2026-04-30 | 1 | 1495 | 550 | 2.72 | 44 |
| 2026-05-01 | 1 | 1495 | 550 | 2.72 | 45 |
| 2026-05-02 | 1 | 1495 | 550 | 2.72 | 46 |
| 2026-05-03 | 1 | 1495 | 550 | 2.72 | 47 |
| 2026-05-04 | 1 | 1495 | 550 | 2.72 | 48 |
| 2026-05-05 | 1 | 1495 | 550 | 2.72 | 49 |
| 2026-05-06 | 1 | 1495 | 550 | 2.72 | 50 |
| 2026-05-07 | 1 | 1495 | 550 | 2.72 | 51 |
| 2026-05-08 | 1 | 1495 | 550 | 2.72 | 52 |
| 2026-05-09 | 1 | 1495 | 550 | 2.72 | 53 |
| 2026-05-10 | 1 | 1495 | 550 | 2.72 | 54 |
| 2026-05-11 | 1 | 1495 | 550 | 2.72 | 55 |
| 2026-05-12 | 1 | 1495 | 550 | 2.72 | 56 |
| 2026-05-13 | 1 | 1495 | 550 | 2.72 | 57 |
| 2026-05-14 | 1 | 1495 | 550 | 2.72 | 58 |
| 2026-05-15 | 1 | 1495 | 550 | 2.72 | 59 |
12-Month Market Dynamics & Trend Trajectory
At 385 Melvin Avenue, historical leasing data is entirely absent, recording a lifetime volume of 0 transactions, an average rent of null, a rate per square foot of null, an average suite size of null, and a lifetime days on market of null. Tenant turnover cannot be evaluated due to the complete lack of historical rental records for this 20-suite residential building in the Central Hamilton submarket. Pricing discipline and market leverage remain unmeasurable at this address because historical transaction distributions across asking thresholds are null. With zero closed leases on record, negotiation spreads and landlord-tenant leverage dynamics cannot be established. The property operates entirely outside historical rental benchmark tracking for the local municipality.
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
When evaluating 385 Melvin Avenue within Central Hamilton, the immediate competitive set features four nearby multi-residential buildings representing varying construction eras across the micro-market. These include 216 Parkdale Avenue N, a new development completed in 2026 located 0.74 kilometers away with 1 active listing; 269 Parkdale Avenue N, built in 1969 situated 0.77 kilometers away with 1 active listing; 105 Tia Drive, constructed in 1981 located 1.21 kilometers away with 3 active listings; and 11 Woodman Condos, built in 1970 positioned 1.22 kilometers away with 1 active listing. This local landscape displays a structural generational blend, contrasting mid-century properties built in the 1960s and 1970s against newer infill developments. Across this competitive cohort, benchmark metrics average $1,569 per month in lease rent, operating at an average rate of $2.38 per square foot across an average suite size of 674 square feet. Positioned within this framework, 385 Melvin Avenue offers a mid-century building age profile completed in 1961 containing 20 total suites. While the property shares localized spatial dimensions with its mid-century peers, its historical structural generation provides an alternative cost structure compared to newer builds in Central Hamilton.
Comparable Analysis & Questions
How do rental rates at 385 Melvin Avenue compare to neighbouring buildings within Central Hamilton?
385 Melvin Avenue operates within a competitive micro-market where the overall comp average lease rent sits at $1,569 per month across nearby properties including 216 Parkdale Avenue N, 269 Parkdale Avenue N, 105 Tia Drive, and 11 Woodman Condos. Individual competitor leasing data shows 216 Parkdale Avenue N achieving an average lease rent of $1,500 per month at $3 per square foot across an average of 500 square feet. 269 Parkdale Avenue N recorded an average lease rent of $1,475 per month at $2.15 per square foot across an average of 686 square feet. 105 Tia Drive achieved an average lease rent of $1,500 per month at $1.98 per square foot across an average of 760 square feet. Finally, 11 Woodman Condos registered an average lease rent of $1,800 per month at $2.40 per square foot across an average of 750 square feet.
Does 385 Melvin Avenue offer a competitive price-per-square-foot ($/SF) against local comparables?
385 Melvin Avenue positions its value proposition around established mid-century spatial utility, trading alongside a micro-market comp average of $2.38 per square foot and 674 square feet, while remaining below the broader Central Hamilton submarket benchmark asking rent of $2,026 per month and $2.94 per square foot. Renters evaluating this building versus modern alternatives like 216 Parkdale Avenue N (500 square feet at $3 per square foot) navigate a classic trade-off between newer layouts with higher per-square-foot costs and traditional, more generously proportioned footprints. Meanwhile, comparisons against mid-century peers such as 105 Tia Drive (760 square feet at $1.98 per square foot) and 11 Woodman Condos (750 square feet at $2.40 per square foot) highlight how Melvin Avenue fits squarely within the conventional density and pricing bands of Central Hamilton's established rental stock.
How do building age, amenities, and developer reputation impact rent spreads?
385 Melvin Avenue delivers a traditional residential lifestyle anchored by a shared laundry room, aligning closely with the standard amenity packages found across its mid-century peer group. When contrasted against nearby properties, the building shares functional basics with 105 Tia Drive and 11 Woodman Condos—both of which also feature a shared laundry room—while offering a more streamlined amenity profile compared to newer infill locations like 216 Parkdale Avenue N, which incorporates a dedicated meeting room. This straightforward, utilitarian amenity setup serves budget-conscious renters, students, and single professionals seeking functional, cost-effective housing without paying for extensive recreational common areas.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around 385 Melvin Avenue.
Building Amenities
- Shared Laundry Room
Residential Buildings in the Vicinity
- 216 Parkdale Avenue N745 m
- 269 Parkdale Avenue N775 m
- 105 Tia Drive1.2 km
- 11 Woodman Condos1.2 km
- 2373 King East1.8 km
- 2205 King Street E2.0 km
- 2189 King E2.0 km
- 851 Queenston2.2 km
- 1466 Main Street E2.3 km
- 870 Queenston2.3 km
- Valley View2.3 km
- 249 Montmorency Drive2.4 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 385 Melvin Avenue.
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.