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Market Data as of August 31, 2026

King + Condos — Rental Market Data

39 Sherbourne St, Toronto, Ontario M5A 0L8
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom
1
$2,150

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2016
Total Suites132
DeveloperPLUS Dev Group & Terracom Dev Inc.

King + Condos at 39 Sherbourne St in Toronto's St. Lawrence neighbourhood is a 132-suite residential building completed in 2016 by PLUS Dev Group and Terracom Dev Inc. As of August 31, 2026, the tower carries one active listing out of 116 available units across the submarket, representing a 0.8 percent availability rate. Leasing activity remains modest: one closed lease in the trailing 30 days at an average of $2,000 per month with 94 days on market, and four leases in the trailing 90 days averaging $2,650 per month with 70 days on market.

The single active one-bedroom suite asks $2,150 per month on 550 square feet, translating to $3.91 per square foot. That asking rate sits above the 90-day realized lease average of $3.78 per square foot, even though the nominal monthly figure is lower than the 90-day lease average of $2,650 because the active suite's footprint is 116 square feet more compact than the 666-square-foot average across all tracked historical leases. Against the St. Lawrence submarket asking benchmark of $4.51 per square foot, King + Condos trades at a 13.3 percent discount on a rate basis, a gap driven entirely by the building's smaller suite sizes relative to the submarket implied average of 651 square feet.

Marketing friction presents a mixed picture. The active listing has been on market for 12 days, well under the submarket average of 21 days, yet the most recent 30-day closed lease required 94 days to convert, signaling leasing deceleration at the margin. Across all nine tracked historical leases, tenants negotiated an average discount of $44 per month, or 2.06 percent below asking, with 44.4 percent of transactions closing under the listed price and saving renters roughly $528 per year. Inventory depth is effectively nonexistent: the sole active unit is a one-bedroom, leaving no two-bedroom or studio options for prospective tenants at this address.

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Active Rental Inventory & Asking Rates

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

Active Units1
-1 (50.0%)
Avg Asking Rent$2,150
-$125 (5.5%)
Avg Suite Size550 sf
0 sf
Avg Days on Market12d
-36d (75.3%)
Avg Asking $/SF$3.91
-$0.23 (5.5%)

Active Market Insights & Questions

How has rental availability changed at King + Condos recently?

King + Condos has one active listing as of August 31, 2026, asking $2,150 per month with both the average and median rent at that same figure. The suite spans 550 square feet at an asking rate of $3.91 per square foot, and the 100 percent layout share is a one-bedroom unit. With only a single listing on the books, inventory is confined to a compact entry-level one-bedroom rather than multi-bedroom executive layouts, and renters seeking alternatives must look to the broader St. Lawrence submarket's 115 other available units.

What floor plans and unit layouts are currently available at King + Condos?

The sole active layout at King + Condos is a one-bedroom suite, representing 100 percent of the building's available inventory with one unit on the market. That single listing asks $2,150 per month on 550 square feet, pricing out to $3.91 per square foot. No studio, two-bedroom, or larger configurations are currently listed, so tenants requiring a different bedroom count have zero options within this building.

What is the average asking rent and $/SF by suite size at King + Condos?

King + Condos shows a minimum and maximum asking rent of $2,150 per month, producing a dollar spread of $0 and a percentage spread of 0 percent because only one unit is active. The median asking rent is likewise $2,150. The entry-level suite is a one-bedroom at 550 square feet and $3.91 per square foot, and because it is also the peak listing, no contrast between a budget and a premium unit can be drawn from the current inventory.

How much extra do parking spaces and dens cost at King + Condos?

King + Condos does not have a quantified den premium or den square-footage delta in its active inventory, so the marginal cost of additional den space cannot be isolated from the current data. Parking stall pricing is similarly inconclusive; the available paired sample is too small or contains anomalous outliers to produce a reliable monthly figure, and no specific parking add-on cost can be quoted to prospective tenants at this time.

How do asking rents at King + Condos compare to local and municipal benchmarks?

King + Condos asks $2,150 per month and $3.91 per square foot, compared to the St. Lawrence submarket average asking rent of $2,934 per month and $4.51 per square foot. The 13.3 percent discount on a per-square-foot basis is explained by suite size: the active unit's 550 square feet is 101 square feet smaller than the submarket implied average of 651 square feet, so the lower nominal rent reflects a more compact footprint rather than weaker pricing power. The building holds one out of 116 available listings in the submarket, a 0.9 percent share of total 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 King + Condos (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,000
Avg Leased Size666 sf
Avg Days to Lease94d
Leased $/SF$3.64

Leased Transaction Insights & Questions

How many suites were leased at King + Condos last month, and how fast did they rent?

King + Condos at 39 Sherbourne St recorded a 94-day average DOM on its single 30-day lease closing, compared to a 70-day average across four 90-day closings and a 21-day St. Lawrence submarket benchmark. The building logged one lease in the trailing 30 days, four in the trailing 90 days, and nine over the full year, indicating leasing cadence has decelerated sharply into late summer. Lifetime volume of nine transactions against a 132-suite inventory confirms King + Condos remains in a low-turnover, owner-occupied phase rather than an active rental pipeline.

What is the negotiation spread between asking rents and closed lease prices at King + Condos?

King + Condos tenants negotiated an average discount of $44 per month (2.06% below asking), translating to $528 in annual savings per unit across tracked leases. Forty-four percent of all nine closed leases settled under the initial asking price, confirming measurable tenant leverage in this submarket. The landlord concession pattern is modest but consistent, with no lease closing above asking and the net spread settling at a $44 monthly tenant-favorable gap.

What are typical executed lease prices across different layouts at King + Condos?

The one-bedroom layout dominates King + Condos leasing at five closed deals averaging $1,960 per month with a 60-day DOM, forming the statistical anchor for this building. Two-bedroom suites closed twice at an average of $3,425 per month and 26-day DOM, a limited sample of two transactions that serves as a directional reference only. The one-bedroom plus den tier recorded a single individual transaction at $2,400 per month (650 sq ft, $3.69 per square foot, 26-day DOM), representing one deal rather than a broad benchmark. The two-bedroom plus den tier likewise reflects a single individual transaction at $3,400 per month (950 sq ft, $3.58 per square foot, 18-day DOM).

What measurable rent premium did suites with parking achieve in closed leases at King + Condos?

King + Condos parking premium data is inconclusive, as insufficient paired lease-and-parking records prevent a reliable monthly isolation. Active listings similarly show unreliable or outlier parking figures that do not support a defensible premium quote. Tenants should treat parking costs at this building as individually negotiated and unverified against a consistent market rate.

How does the lease-to-listing ratio at King + Condos reflect current tenant demand?

King + Condos rents followed a volatile spring-to-summer trajectory, peaking in June before retreating into August. April closed one deal at $1,999 per month ($3.63 per square foot, 18-day DOM). May accelerated to four closings averaging $2,463 per month ($3.91 per square foot, 25-day DOM). June logged one lease at $3,400 per month but at just $3.58 per square foot, reflecting a larger 950 sq ft two-bedroom plus den footprint rather than a rate premium. July slowed to two deals at $2,600 per month ($3.95 per square foot, 84-day DOM), where the higher per-square-foot rate signals compact suite footprints despite the lower nominal rent. August closed one lease at $2,000 per month ($3.64 per square foot, 94-day DOM), marking the slowest absorption window of the tracked period.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$2,300
Avg Suite Size550 sf
Avg Days on Market43d
Delisted $/SF$4.18

De-Listed Market Analysis & Questions

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

King + Condos recorded one delisted listing in the tracked window, representing a 100% delisted-to-30-day-lease ratio (one delisting against one closing) and an 11.1% ratio against lifetime volume. The single delisting was a terminated listing, with zero expired or suspended entries in the dataset. At this volume, the delisted rate functions as a single-event friction marker rather than a systemic withdrawal signal.

How do asking prices on de-listed suites compare to executed leases and active listings at King + Condos?

The one delisted unit at King + Condos asked an average of $2,300 per month, which is $300 per month (15.0%) above the $2,000 realized 30-day lease average, indicating direct overpricing relative to market-clearing levels. The delisted listing carried a $4.18 per square foot asking rate versus the $3.64 per square foot realized in the same 30-day window, a 14.8% per-square-foot gap that further underscores the pricing disconnect. This spread confirms the unrented unit was positioned above what tenants were actually paying in comparable suites at the time.

What market friction causes rental listings to stall or de-list at King + Condos?

The delisted unit at King + Condos sat on market for 43 days, which is one day below the 44-day lifetime lease average and 51 days below the 94-day 30-day lease average. Because the delisted DOM is lower than both realized benchmarks, no excess carrying cost in lost rent or condo fees applies to this specific listing. The friction here is pricing-driven rather than time-driven: the unit cleared quickly on paper but failed to convert at the asking rate, ultimately terminating without a lease.

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
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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)
2026-04-27419754834.1422
2026-04-28319674604.3124
2026-04-29423385854.1319
2026-04-30423385854.1320
2026-05-01523605984.0617
2026-05-02523605984.0618
2026-05-03523605984.0619
2026-05-04523605984.0620
2026-05-05424886443.9621
2026-05-06424886443.9622
2026-05-07424886443.9623
2026-05-08424886443.9624
2026-05-09424886443.9625
2026-05-10424886443.9626
2026-05-11424886443.9627
2026-05-12424886443.9628
2026-05-13424886443.9629
2026-05-14424886443.9630
2026-05-15424886443.9631
2026-05-16321675384.0837
2026-05-17321675384.0838
2026-05-18321675384.0839
2026-05-19421885414.0830
2026-05-20421885414.0831
2026-05-21421885414.0832
2026-05-22524306233.9826
2026-05-23524306233.9827
2026-05-24524306233.9828
2026-05-25524306233.9829
2026-05-26524306233.9830
2026-05-27424256164.0333
2026-05-28424256164.0334
2026-05-29325006384.0434
2026-05-30325006384.0435
2026-05-31325006384.0436
2026-06-01325006384.0437
2026-06-02325006384.0438
2026-06-03325006384.0439
2026-06-04325006384.0440
2026-06-05325006384.0441
2026-06-06325006384.0442
2026-06-07325006384.0443
2026-06-08325006384.0444
2026-06-09220504834.2758
2026-06-10220504834.2759
2026-06-11220504834.2760
2026-06-12220504834.2761
2026-06-13220504834.2762
2026-06-14220504834.2763
2026-06-15320675054.1243
2026-06-16320675054.1244
2026-06-17320675054.1245
2026-06-18424006183.9834
2026-06-19424006183.9835
2026-06-20424006183.9836
2026-06-21424006183.9837
2026-06-22424006183.9838
2026-06-23424006183.9839
2026-06-24424006183.9840
2026-06-25424006183.9841
2026-06-26424006183.9842
2026-06-27424006183.9843
2026-06-28424006183.9844
2026-06-29424006183.9845
2026-06-30424006183.9846
2026-07-01424006183.9847
2026-07-02424006183.9848
2026-07-03424006183.9849
2026-07-04424006183.9850
2026-07-05424006183.9851
2026-07-06424006183.9852
2026-07-07523806044.0243
2026-07-08523806044.0244
2026-07-09523806044.0245
2026-07-10523806044.0246
2026-07-11523806044.0247
2026-07-12523806044.0248
2026-07-13523806044.0249
2026-07-14523806044.0250
2026-07-15523806044.0251
2026-07-16326506853.9432
2026-07-17326506853.9433
2026-07-18326506853.9434
2026-07-19326506853.9435
2026-07-20326506853.9436
2026-07-21326506853.9437
2026-07-22326506853.9438
2026-07-23222755504.1441
2026-07-24222755504.1442
2026-07-25222755504.1443
2026-07-26222755504.1444
2026-07-27222755504.1445
2026-07-28222755504.1446
2026-07-29222755504.1447
2026-07-30222755504.1448
2026-07-31222755504.1449
2026-08-01222755504.1450
2026-08-02222755504.1451
2026-08-03222755504.1452
2026-08-04222755504.1453
2026-08-05222755504.1454
2026-08-06222755504.1455
2026-08-07222755504.1456
2026-08-08222755504.1457
2026-08-09222755504.1458
2026-08-10222755504.1459
2026-08-11222755504.1460
2026-08-12222755504.1461
2026-08-13222755504.1462
2026-08-14222755504.1463
2026-08-15222755504.1464
2026-08-16222755504.1465
2026-08-17222755504.1466
2026-08-18222755504.1467
2026-08-19222005504.0046
2026-08-20222005504.0047
2026-08-21121505503.912
2026-08-22121505503.913
2026-08-23121505503.914
2026-08-24121505503.915
2026-08-25121505503.916
2026-08-26121505503.917
2026-08-27121505503.918
2026-08-28121505503.919
2026-08-29121505503.9110
2026-08-30121505503.9111
2026-08-31121505503.9112

12-Month Market Dynamics & Trend Trajectory

King + Condos realized an average lease rent of $2,494 per month and $3.82 per square foot across nine lifetime transactions, placing the building $164 per month (6.2%) below the St. Lawrence submarket average of $2,658 and 9.5% below the submarket's $4.22 per square foot benchmark. Active asking rates at $3.91 per square foot sit 13.3% under the submarket asking average of $4.51 per square foot, and the building's 550 sq ft active suite is 101 sq ft smaller than the submarket implied 651 sq ft average, meaning the lower nominal rent partly reflects compact footprint rather than pure discount positioning. On pricing discipline, 44.4% of King + Condos leases closed below asking with an average tenant discount of $44 per month (2.06%), yielding $528 in annualized savings per unit. The net negotiation spread of -$44 confirms a tenant-favorable environment where landlords absorbed modest concessions to close deals. No lease in the tracked dataset closed above asking, and the absence of premium transactions signals that King + Condos landlords lack the pricing leverage to hold at or above list in this submarket.

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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
Chart metrics & timeframe
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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)
2026-05-03118004154.3420
2026-05-10134509603.5917
2026-05-170N/AN/AN/AN/A
2026-05-24223006003.8532
2026-05-310N/AN/AN/AN/A
2026-06-07134009503.5818
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-12118004154.34132
2026-07-19134009553.5635
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-16120005503.6494

Nearby Building Rental Comparables & Price Spreads

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

King + Condos at 39 Sherbourne St sits in a dense cluster of four active competitors within 80 metres, all recording closed lease transactions over the trailing 180 days. Abbey Lane Lofts (261 King St E, 0.03 km, built in 2003) closed three leases; Kings Court (230 King St E, 0.04 km, built in 2005) closed eleven; East (138 Princess St, 0.06 km, built in 2010) closed two; and St. Lawrence Condos (158 Front St E, 0.08 km, built in 2022) closed twenty-four. The peer set spans three distinct construction eras—early-2000s lofts, mid-2000s mid-rise, and a 2022 delivery—placing the 2016 King + Condos squarely between the older stock and the newest entrant in this St. Lawrence pocket. Against the four-comp benchmark of $2,553 average rent, $3.74 per square foot, and 717 average square feet, King + Condos' realized lease metrics of $2,494 per month, $3.82 per square foot, and 666 average square feet position the building as a slightly more compact, marginally higher-rate product. The subject's 132-suite scale and 2016 build date give it a mid-generation value proposition: newer than the 2003–2005 lofts and mid-rises but a full decade older than St. Lawrence Condos, which carries a broader amenity suite and the highest lease volume in the set at twenty-four closed transactions.

261 King St E, Toronto

Avg Asking$2,089/mo
Avg $/SF$2.81
Rent Spread:
-$61/mo (-2.8%) Lower

230 King St E, Toronto

Avg Asking$2,511/mo
Avg $/SF$4.51
Rent Spread:
+$361/mo (+16.8%) Higher
East61 m

138 Princess St, Toronto

Avg Asking$2,663/mo
Avg $/SF$3.80
Rent Spread:
+$513/mo (+23.8%) Higher

180 Front Street E, Toronto

Avg Asking$2,344/mo
Avg $/SF$4.26
Rent Spread:
+$194/mo (+9.0%) Higher

158 Front St E, Toronto

Avg Asking$2,684/mo
Avg $/SF$4.32
Rent Spread:
+$534/mo (+24.9%) Higher
MoZo130 m

333 Adelaide E/218 King E, Toronto

Avg Asking$3,925/mo
Avg $/SF$6.67
Rent Spread:
+$1,775/mo (+82.6%) Higher

Comparable Analysis & Questions

How do rental rates at King + Condos compare to neighbouring buildings within St. Lawrence?

King + Condos' average realized lease rent of $2,494 per month sits $59 below the four-comp benchmark of $2,553, with the spread driven primarily by the premium-priced East and the volume leader St. Lawrence Condos. Abbey Lane Lofts (261 King St E, 0.03 km, three closed leases) averaged $2,150 per month at $2.56 per square foot across 841 square feet, meaning the subject commands a $344 higher monthly rent. Kings Court (230 King St E, 0.04 km, eleven closed leases) averaged $2,505 per month at $4.52 per square foot across 581 square feet, placing the subject $11 lower. East (138 Princess St, 0.06 km, two closed leases) averaged $2,975 per month at $3.66 per square foot across 825 square feet, with the subject trading $481 lower. St. Lawrence Condos (158 Front St E, 0.08 km, twenty-four closed leases) averaged $2,580 per month at $4.23 per square foot across 621 square feet, putting the subject $86 lower.

Does King + Condos offer a competitive price-per-square-foot ($/SF) against local comparables?

King + Condos leases at $3.82 per square foot across an average 666-square-foot suite, a rate that sits above the comp average of $3.74 per square foot while the footprint falls below the 717-square-foot peer mean, positioning the building as a compact, rate-efficient option in the St. Lawrence micro-market. Against Kings Court (eleven closed leases, $4.52 per square foot, 581 sq ft), the subject trades at a $0.70 per square foot (15.5%) discount while providing 85 more interior square feet, so the $11 lower nominal rent reflects the larger footprint at a lower unit rate rather than weaker asset valuation. Against St. Lawrence Condos (twenty-four closed leases, $4.23 per square foot, 621 sq ft), the subject offers a $0.41 per square foot (9.7%) discount with 45 additional square feet, again a space-versus-rate trade-off favouring the renter on total interior area. Against East (two closed leases, $3.66 per square foot, 825 sq ft), the subject commands a $0.16 per square foot (4.4%) premium but provides 159 fewer square feet, so the $481 lower nominal rent is driven entirely by the smaller suite footprint rather than a lower per-unit valuation. Against Abbey Lane Lofts (three closed leases, $2.56 per square foot, 841 sq ft), the subject commands a $1.26 per square foot (49.2%) premium while delivering 175 fewer square feet, a clear trade-off where the renter pays more per unit of space for a newer, amenity-rich product over a 2003 loft conversion.

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

King + Condos offers a nine-feature lifestyle package—including a yoga studio, media and theatre room, car share, and dedicated fibre connectivity—that outpaces the single-amenity Abbey Lane Lofts and the six-feature East while remaining leaner than the fourteen-feature St. Lawrence Condos and the nine-feature Kings Court. The subject's car share program and Beanfield Fibre infrastructure are absent from every named competitor, and its media and theatre room is not matched by Abbey Lane Lofts or East, though Kings Court and St. Lawrence Condos do not list a dedicated screening space. Conversely, St. Lawrence Condos differentiates with an outdoor pool, pet wash station, kids' play room, dining room, and rooftop terrace—none of which appear in the King + Condos package—and Kings Court adds a hot tub, sauna, car wash bay, and rooftop terrace that the subject does not offer. The building's amenity mix best serves young professionals and remote workers in the St. Lawrence corridor who prioritize a quiet fitness studio, a private meeting room, reliable fibre, and a car-share option over resort-style leisure facilities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around King + Condos.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Party & Lounge Room
  • Media & Theatre Room
  • Meeting Room
  • BBQ Area
  • Yoga Studio
  • Car Share
  • Beanfield Fibre

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for King + Condos.

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.