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Market Data as of September 30, 2026

The Cove at Waterways — Rental Market Data

39 Annie Craig Dr, Etobicoke, Ontario M8V 0H1
Quick Rent Estimate

Last Lease

1-Bedroom
Lease Amount
$2,275/mo
Date Leased: September 5, 2026
Rent psf$4.14/sf
Turnover VelocityFast (9d)
Active Inventory Status0 Available

Building Summary & Rental Market Overview

Rental market analytics and building profile as of September 30, 2026.

Building TypeCondominium
Year Completed2021
Total Suites281
DeveloperConservatory Group

The Cove at Waterways is a residential community located in Etobicoke, Ontario. Completed in 2021, the property features an estimated 281 suites. While there are currently no active rental listings on the market, historical records show 3 closed lease transactions with an average realized rent of $2,675/month ($4.19/SF).

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Quick Suite Rent Estimate

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Last Realized Lease

Transaction metrics for the most recently leased suite

1-Bedroom
Lease Amount$2,275/mo
Date LeasedSeptember 5, 2026
Rent psf$4.14/sf
Turnover VelocityFast (9d)
Active Inventory Status0 Available

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 The Cove at Waterways (Data period: For the month of September 2026).

Units Leased3
Avg Leased Price$2,675
Avg Leased Size638 sf
Avg Days to Lease9d
Leased $/SF$4.19

Leased Transaction Insights & Questions

How many suites were leased at The Cove at Waterways last month, and how fast did they rent?

Over For the month of September 2026, 3 residential lease transactions closed at The Cove at Waterways, leasing in an average of 9 days on market.

What is the negotiation spread between asking rents and closed lease prices at The Cove at Waterways?

Completed lease contracts averaged $2,675/month, compared to active asking rents of $0/month, reflecting a spread of $0/month (0.0%).

What are typical executed lease prices across different layouts at The Cove at Waterways?

Executed lease contracts averaged $2,675/month ($4.19/SF) across closed suites.

What measurable rent premium did suites with parking achieve in closed leases at The Cove at Waterways?

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

How does the lease-to-listing ratio at The Cove at Waterways reflect current tenant demand?

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

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)
2026-04-27324156173.9349
2026-04-28323155674.2034
2026-04-29323155674.2035
2026-04-30423355884.0727
2026-05-01322825674.1536
2026-05-02322825674.1537
2026-05-03322825674.1538
2026-05-04322825674.1539
2026-05-05322825674.1540
2026-05-06322825674.1541
2026-05-07322825674.1542
2026-05-08322825674.1543
2026-05-09322825674.1544
2026-05-10322825674.1545
2026-05-11322825674.1546
2026-05-12423865634.3435
2026-05-13423865634.3436
2026-05-14423865634.3437
2026-05-15423865634.3438
2026-05-16423865634.3439
2026-05-17423865634.3440
2026-05-18423865634.3441
2026-05-19425756134.3537
2026-05-20425756134.3538
2026-05-21425756134.3539
2026-05-22425756134.3540
2026-05-23425756134.3541
2026-05-24425756134.3542
2026-05-25425756134.3543
2026-05-26425756134.3544
2026-05-27425756134.3545
2026-05-28425756134.3546
2026-05-29425756134.3547
2026-05-30425756134.3548
2026-05-31425756134.3549
2026-06-01425756134.3550
2026-06-02425756134.3551
2026-06-03425756134.3552
2026-06-04525306004.3343
2026-06-05525306004.3344
2026-06-06525306004.3337
2026-06-07525306004.3338
2026-06-08424886134.1942
2026-06-09325336334.1655
2026-06-10225756254.3513
2026-06-11330007834.079
2026-06-12330007834.0710
2026-06-13330007834.0711
2026-06-14330007834.0712
2026-06-15330007834.0713
2026-06-16330007834.0714
2026-06-17330007834.0715
2026-06-18330007834.0716
2026-06-19330007834.0717
2026-06-20330007834.0718
2026-06-21330007834.0719
2026-06-22235009753.6023
2026-06-23235009753.6024
2026-06-24235009753.6025
2026-06-25235009753.6026
2026-06-26235009753.6027
2026-06-27235009753.6028
2026-06-28235009753.6029
2026-06-29235009753.6030
2026-06-30235009753.6031
2026-07-01235009753.6032
2026-07-02235009753.6033
2026-07-03235009753.6034
2026-07-04235009753.6035
2026-07-05235009753.6036
2026-07-06235009753.6037
2026-07-07331508333.8925
2026-07-08331508333.8926
2026-07-09331508333.8927
2026-07-10228007004.0828
2026-07-11228007004.0829
2026-07-12228007004.0830
2026-07-13326506504.1420
2026-07-14227507003.9929
2026-07-15227507003.9930
2026-07-16227507003.9931
2026-07-17227507003.9932
2026-07-18428007253.9016
2026-07-19428007253.9017
2026-07-20428007253.9018
2026-07-21428007253.9019
2026-07-22326836833.966
2026-07-23427637253.855
2026-07-24427637253.856
2026-07-25427637253.857
2026-07-26427637253.858
2026-07-27427637253.859
2026-07-28326836833.9612
2026-07-29326836833.9613
2026-07-30326836833.9614
2026-07-31224256004.0616
2026-08-01224256004.0617
2026-08-02224256004.0618
2026-08-03224256004.0619
2026-08-04224256004.0620
2026-08-05224256004.0621
2026-08-06224256004.0622
2026-08-07224256004.0623
2026-08-08224256004.0624
2026-08-09224256004.0625
2026-08-10224256004.0626
2026-08-11224256004.0627
2026-08-12324676054.0918
2026-08-13324676054.0919
2026-08-14324676054.0920
2026-08-15324676054.0921
2026-08-16324676054.0922
2026-08-17324676054.0923
2026-08-18324676054.0924
2026-08-19324676054.0925
2026-08-20224256004.0636
2026-08-21326836504.1324
2026-08-22326836504.1325
2026-08-23326836504.1326
2026-08-24228507004.0620
2026-08-25132007504.274
2026-08-26132007504.275
2026-08-27325836154.192
2026-08-28325836154.193
2026-08-29325836154.194
2026-08-30325836154.195
2026-08-31425756154.185
2026-09-01425756154.186
2026-09-02425756154.187
2026-09-03323675704.156
2026-09-04222755484.158
2026-09-05122755464.179
2026-09-06122755464.1710
2026-09-07122755464.1711
2026-09-08122755464.1712
2026-09-09122755464.1713
2026-09-10122755464.1714
2026-09-11122755464.1715
2026-09-12122755464.1716
2026-09-13122755464.1717
2026-09-14122755464.1718
2026-09-15122755464.1719
2026-09-16122755464.1720
2026-09-17122755464.1721
2026-09-18122755464.1722
2026-09-19122755464.1723
2026-09-20122755464.1724
2026-09-21122755464.1725
2026-09-22122755464.1726
2026-09-23122755464.1727
2026-09-24122755464.1728
2026-09-25122755464.1729

12-Month Market Dynamics & Trend Trajectory

Over the trailing 12-month period, rental market metrics at The Cove at Waterways 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
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)
2026-04-26124956503.845
2026-05-030N/AN/AN/AN/A
2026-05-100N/AN/AN/AN/A
2026-05-17123956503.6819
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-07225255504.5916
2026-06-140N/AN/AN/AN/A
2026-06-21120004005.0016
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
2026-07-26231008503.659
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-16125506144.158
2026-08-23224256004.0640
2026-08-30326756384.199

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 The Cove at Waterways with 6 tracked residential buildings in the immediate vicinity.

Riva del Lago56 m

110 Marine Parade Dr, Etobicoke

Avg Asking$3,750/mo
Avg $/SF$3.84
Rent Spread:
N/A
Water's Edge at The Cove56 m

38 Annie Craig Drive, Etobicoke

Avg Asking$2,609/mo
Avg $/SF$4.43
Rent Spread:
N/A
Waterscapes at Waterview63 m

80 Marine Parade Dr, Etobicoke

Avg Asking$2,894/mo
Avg $/SF$3.88
Rent Spread:
N/A
Lago74 m

56 Annie Craig Dr, Etobicoke

Avg Asking$2,688/mo
Avg $/SF$4.39
Rent Spread:
N/A
Ocean Club - Tower100 m

59 Annie Craig Dr, Etobicoke

Avg Asking$2,942/mo
Avg $/SF$4.07
Rent Spread:
N/A
Nautilus at Waterview101 m

16 Brookers Lane, Etobicoke

Avg Asking$2,684/mo
Avg $/SF$3.70
Rent Spread:
N/A

Comparable Analysis & Questions

How do rental rates at The Cove at Waterways compare to neighbouring buildings within Mimico?

At $0/month ($0.00/SF), The Cove at Waterways maintains a competitive market position compared to surrounding properties.

Does The Cove at Waterways 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 The Cove at Waterways and neighbouring options.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around The Cove at Waterways.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Spin Studio
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Pet Wash Station
  • Cool plunge
  • Massage rooms

Residential Buildings in the Vicinity

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for The Cove at Waterways.

Snapshot Dates & Benchmark Cadence

  • Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of September 30, 2026.
  • Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (September 2026 vs August 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.