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Market Data as of August 31, 2026

Centre IV — Rental Market Data

400 Webb Drive, Mississauga, Ontario L5B 3Z7
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom + Den
1
$2,950

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed1991
Total Suites224
DeveloperConservatory Group

Centre IV at 400 Webb Drive in the Mississauga City Centre neighborhood is an established residential building completed in 1991 by Conservatory Group, containing 224 total suites. The building features 1 active listing representing an availability rate of 0.4 percent. Over the past 90 days, there were 4 closed leases averaging 44 days on market, while the 30-day window recorded 2 closed leases averaging 65 days on market.

Current active asking rent sits at $2,950 per month, compared to realized 90-day leases averaging $2,813 per month. Unrented inventory skews toward larger layouts than historical leases, while active asking rates per square foot cannot be reliably calculated from current sparse listings against the submarket asking benchmark of $3.64 per square foot.

Marketing friction shows closed deals averaging 44 days on market compared to 26 days on market for suspended units that averaged $3,200 per month and were overpriced relative to realized leases, with 80.0 percent of recent leases closing under asking at an average tenant discount of $59 per month (2.09 percent). Inventory availability is constrained to a single 2-Bedroom plus Den layout tier, leaving zero active choices across other configurations.

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Active Rental Inventory & Asking Rates

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

Active Units1
-2 (66.7%)
Avg Asking Rent$2,950
-$33 (1.1%)
Avg Suite Size400 sf
-783 sf (66.2%)
Avg Days on Market12d
-19d (61.7%)
Avg Asking $/SF$7.38
+$4.79 (185.3%)

Active Market Insights & Questions

How has rental availability changed at Centre IV recently?

Centre IV features 1 active listing as of August 31, 2026, with an asking price range, average, and median rent of $2,950 per month. Average square footage and asking rates per square foot are currently unquantifiable due to missing dimension data in the active inventory. The dominant layout share percentage stands at 100 percent, reflecting an active inventory entirely composed of multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at Centre IV?

The dominant active layout is the 2-Bedroom plus Den configuration, accounting for 1 active listing and a 100 percent inventory share. This single available tier features an average rent of $2,950 per month with unquantified average square footage and rate per square foot.

What is the average asking rent and $/SF by suite size at Centre IV?

Centre IV exhibits a minimum entry rent of $2,950 per month and a peak asking rent of $2,950 per month, resulting in a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent matches this single listing at $2,950 per month. The entry-level suite is a 2-Bedroom plus Den layout, while the peak suite is represented by the identical 2-Bedroom plus Den unit.

How much extra do parking spaces and dens cost at Centre IV?

Centre IV has active den premium data and square footage deltas that are currently null. Active parking premiums cannot be reliably isolated from current listings as the status is an unreliable outlier or insufficient sample.

How do asking rents at Centre IV compare to local and municipal benchmarks?

Centre IV asks an average rent of $2,950 per month, which compares to the submarket average asking rent of $2,771 per month. Nominal rent variances reflect suite size differences rather than higher unit pricing, with the building representing 0.4 percent of 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 Centre IV (Data period: For the month of August 2026).

Units Leased2
Avg Leased Price$2,775
Avg Leased Size1,035 sf
Avg Days to Lease65d
Leased $/SF$2.71

Leased Transaction Insights & Questions

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

At Centre IV, the 30-day average days on market is 65 days, the 90-day average is 44 days, and the submarket benchmark stands at 23 days. Tracking closed lease counts shows 2 transactions over the last 30 days, 4 over the last 90 days, and 5 over the lifetime period, reflecting steady leasing turnover through the summer months.

What is the negotiation spread between asking rents and closed lease prices at Centre IV?

At Centre IV, tenants secured an average monthly discount of $59, representing a 2.09% concession below asking price and annual tenant savings of $708 per year. Exactly 80.0% of leases closed under asking, demonstrating clear tenant leverage across recent transactions.

What are typical executed lease prices across different layouts at Centre IV?

At Centre IV, the two primary anchor layouts are the 2-Bedroom + Den and the 2-Bedroom tiers. The 2-Bedroom + Den tier, representing 4 closed leases with a small sample size, averaged $2,800 per month with a median of $2,825 per month, a P25-P75 range of $2,675 to $2,950 per month, an average size of 1,056 square feet, $2.68 per square foot, and 44 days on market. The 2-Bedroom tier, representing an individual single deal with 1 closed lease, averaged $2,750 per month with a median of $2,750 per month, a P25-P75 range of $2,750 to $2,750 per month, an average size of 950 square feet, $2.89 per square foot, and 16 days on market (note that this represents an individual transaction rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Centre IV?

At Centre IV, realized leased parking premium data is inconclusive due to insufficient paired sample records. Suite bundling patterns typically incorporate parking within larger multi-bedroom floor plans without separate line-item values, and active asking parking rates cannot be reliably isolated.

How does the lease-to-listing ratio at Centre IV reflect current tenant demand?

At Centre IV, overall rent trajectories maintained stability through the tracked spring and summer timeline. In May 2026, 1 closed deal recorded an average rent of $2,700 per month at $3.00 per square foot over 16 days on market. In June 2026, 1 closed deal recorded an average rent of $2,950 per month at $2.31 per square foot over 30 days on market. In July 2026, 1 closed deal recorded an average rent of $2,750 per month at $2.89 per square foot over 16 days on market. In August 2026, 2 closed deals recorded an average rent of $2,775 per month at $2.71 per square foot over 65 days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,200
Avg Suite Size1,500 sf
Avg Days on Market26d
Delisted $/SF$2.13

De-Listed Market Analysis & Questions

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

At Centre IV, a total of 1 unit was delisted, representing a delisted-to-lifetime-leased ratio of 20.0% and a delisted-to-30-day-leased ratio of 50.0%, consisting entirely of suspended listings with zero terminated or expired listings. This reflects a healthy relisting ratio of 1 unrented listing pulled for every 5 successful leases.

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

At Centre IV, unrented delisted units asked an average of $3,200 per month, representing a nominal premium of $425 per month above realized lease averages of $2,775 per month and a rate-per-square-foot gap of $2.13 per square foot versus $2.71 per square foot, confirming that unrented inventory suffered from overpricing.

What market friction causes rental listings to stall or de-list at Centre IV?

At Centre IV, delisted unrented units recorded an average of 26 days on market compared to 65 days for recent realized leases. The excess marketing time translates directly into carrying costs of unrented vacancy, compounding lost rental income alongside ongoing condo maintenance fees.

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)
2026-04-271190015001.2770
2026-04-281190015001.2771
2026-04-291190015001.2772
2026-04-301190015001.2773
2026-05-011190015001.2774
2026-05-021190015001.2775
2026-05-031190015001.2776
2026-05-041190015001.2777
2026-05-051190015001.2778
2026-05-061190015001.2779
2026-05-071190015001.2780
2026-05-081190015001.2781
2026-05-091190015001.2782
2026-05-101190015001.2783
2026-05-111190015001.2784
2026-05-121190015001.2785
2026-05-133254812252.2229
2026-05-143254812252.2230
2026-05-152287310882.702
2026-05-162287310882.703
2026-05-172287310882.704
2026-05-182287310882.705
2026-05-192287310882.706
2026-05-202287310882.707
2026-05-212287310882.708
2026-05-222287310882.709
2026-05-232287310882.7010
2026-05-242287310882.7011
2026-05-252287310882.7012
2026-05-262287310882.7013
2026-05-272287310882.7014
2026-05-282287310882.7015
2026-05-291299512752.3516
2026-05-301299512752.3517
2026-05-311299512752.3518
2026-06-011299512752.3519
2026-06-021299512752.3520
2026-06-032287311132.6211
2026-06-042287311132.6212
2026-06-052287311132.6213
2026-06-062287311132.6214
2026-06-072287311132.6215
2026-06-082287311132.6216
2026-06-092287311132.6217
2026-06-102287311132.6218
2026-06-112287311132.6219
2026-06-12127509502.899
2026-06-13127509502.8910
2026-06-14127509502.8911
2026-06-15127509502.8912
2026-06-16127509502.8913
2026-06-17127509502.8914
2026-06-18127509502.8915
2026-06-19127509502.8916
2026-06-20127509502.8917
2026-06-21127509502.8918
2026-06-22127509502.8919
2026-06-23127509502.8920
2026-06-24127509502.8921
2026-06-25127509502.8922
2026-06-26127509502.8923
2026-06-27127509502.8924
2026-06-28127509502.8925
2026-06-29127509502.8926
2026-06-30127509502.8927
2026-07-01127509502.8928
2026-07-022287510252.8115
2026-07-032287510252.8116
2026-07-042287510252.8117
2026-07-052287510252.8118
2026-07-062287510252.8119
2026-07-072287510252.8120
2026-07-082287510252.8121
2026-07-092287510252.8122
2026-07-102287510252.8123
2026-07-112287510252.8124
2026-07-122287510252.8125
2026-07-132287510252.8126
2026-07-143283310002.8418
2026-07-153283310002.8419
2026-07-163283310002.8420
2026-07-173283310002.8421
2026-07-183283310002.8422
2026-07-193283310002.8423
2026-07-203283310002.8424
2026-07-213283310002.8425
2026-07-223283310002.8426
2026-07-233283310002.8427
2026-07-244292511252.6621
2026-07-254292511252.6622
2026-07-264292511252.6623
2026-07-274292511252.6624
2026-07-284292511252.6625
2026-07-294292511252.6626
2026-07-303298311832.5930
2026-07-313298311832.5931
2026-08-013298311832.5932
2026-08-023298311832.5933
2026-08-033298311832.5934
2026-08-043298311832.5935
2026-08-053298311832.5936
2026-08-063298311832.5937
2026-08-073298311832.5938
2026-08-083298311832.5939
2026-08-093298311832.5940
2026-08-103298311832.5941
2026-08-113298311832.5942
2026-08-123298311832.5943
2026-08-133298311832.5944
2026-08-143298311832.5945
2026-08-153298311832.5946
2026-08-163298311832.5947
2026-08-173298311832.5948
2026-08-183298311832.5949
2026-08-19329008174.3342
2026-08-20329008174.3343
2026-08-21229757505.0526
2026-08-22129504007.383
2026-08-23129504007.384
2026-08-24129504007.385
2026-08-25129504007.386
2026-08-26129504007.387
2026-08-27129504007.388
2026-08-28129504007.389
2026-08-29129504007.3810
2026-08-30129504007.3811
2026-08-31129504007.3812

12-Month Market Dynamics & Trend Trajectory

Centre IV at 400 Webb Drive has recorded a lifetime leasing volume of 5 transactions with an average monthly rent of $2,790 per month, an average rate of $2.73 per square foot, and an average suite size of 1,035 square feet. Average days on market stand at 38 days, reflecting moderate tenant turnover across the Conservatory Group building. Pricing discipline at the property heavily favors prospective tenants, with 80.0% of transactions closing below asking price. The net negotiation spread reflects an average discount of $59 per month, or 2.09% off asking, delivering tangible tenant savings and proving that landlords faced pushback on price when listing above market value.

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)
2026-05-24127009003.0016
2026-05-310N/AN/AN/AN/A
2026-06-071295012752.3130
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
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-26127509502.8916
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-162277510252.7165

Nearby Building Rental Comparables & Price Spreads

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

Centre IV at 400 Webb Drive competes directly with a balanced mix of established residential towers and newly completed developments in the Mississauga City Centre micro-market, including The Platinum Condos at 350 Webb Drive N (located 0.07 kilometers away, built in 1990, with 3 active listings), M2 - M City 2 at 3883 Quartz Rd (located 0.09 kilometers away, built in 2024, with 77 active listings), M City - Phase 1 at 3900 Confederation Pkwy (located 0.15 kilometers away, built in 2024, with 100 active listings), and Monarchy at 335 Webb Drive (located 0.24 kilometers away, built in 1991, with 8 active listings). This competitive set highlights a clear generational split between mature 1990s construction and high-density 2024 master-planned towers. Across these immediate competitors, the broader micro-market averages $2,575 per month at $3.19 per square foot across an average suite size of 886 square feet. Centre IV stands out by offering larger, traditional floor plans that deliver more square footage at a lower rate per square foot compared to the newly constructed master-planned inventory nearby, while tracking closely with its 1990s contemporaries on Webb Drive.

350 Webb Drive N, Mississauga

Avg Asking$2,322/mo
Avg $/SF$1.98
Rent Spread:
-$628/mo (-21.3%) Lower

3883 Quartz Rd, Mississauga

Avg Asking$2,668/mo
Avg $/SF$3.95
Rent Spread:
-$282/mo (-9.5%) Lower

3900 Confederation Pkwy, Mississauga

Avg Asking$2,465/mo
Avg $/SF$3.77
Rent Spread:
-$485/mo (-16.5%) Lower

335 Webb Drive, Mississauga

Avg Asking$2,839/mo
Avg $/SF$2.90
Rent Spread:
-$111/mo (-3.8%) Lower

325 Webb Drive, Mississauga

Avg Asking$2,830/mo
Avg $/SF$2.59
Rent Spread:
-$120/mo (-4.1%) Lower

330 Burnhamthorpe Rd W, Mississauga

Avg Asking$2,637/mo
Avg $/SF$3.36
Rent Spread:
-$313/mo (-10.6%) Lower

Comparable Analysis & Questions

How do rental rates at Centre IV compare to neighbouring buildings within Mississauga City Centre?

Centre IV achieves an average lease rent of $2,790 per month, trading slightly above the overall competitive set average of $2,575 per month due to its larger average suite size of 1,035 square feet. Direct peer performance varies across the immediate neighborhood: The Platinum Condos (350 Webb Drive N) reports an average lease rent of $2,567 per month at $2.14 per square foot across 1,200 square feet; M2 - M City 2 (3883 Quartz Rd) records an average lease rent of $2,475 per month at $3.84 per square foot across 677 square feet; M City - Phase 1 (3900 Confederation Pkwy) averages $2,413 per month at $3.79 per square foot across 659 square feet; and Monarchy (335 Webb Drive) leases at an average of $2,843 per month at $2.98 per square foot across 1,006 square feet.

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

Centre IV provides a compelling value proposition by offering larger floor plans at a lower rate per square foot than compact new builds, leasing at an average of $2.73 per square foot against a submarket average asking benchmark of $3.64 per square foot. Renters at Centre IV trade sleek, ultra-dense layouts found in 2024 completions like M2 - M City 2 ($3.84 per square foot across 677 square feet) and M City - Phase 1 ($3.79 per square foot across 659 square feet) for significantly more interior volume, averaging 1,035 square feet. When compared to 1990s peers, Centre IV remains competitive, trading near Monarchy (which averages $2.98 per square foot across 1,006 square feet) while offering superior interior square footage relative to newer high-rise alternatives.

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

Centre IV delivers an extensive recreational lifestyle profile that rivals newer master-planned developments by offering a robust package of traditional and active amenities. Residents enjoy signature features including an indoor pool, a dedicated shuttle service, a squash and racquetball court, a tennis and pickleball court, and a comprehensive gym and fitness centre. While newer competitors like M2 - M City 2 introduce modern additions such as a pet wash station, a yoga studio, and a spin studio, Centre IV outpaces them in traditional recreational space by providing dedicated racquet courts, multi-sport facilities, and an indoor pool that are rarely replicated in post-2020 construction. This amenity lineup particularly serves families, long-term residents, and active professionals seeking comprehensive on-site recreational infrastructure without sacrificing square footage.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Centre IV.

Building Amenities

  • Concierge & Security
  • Shuttle Service
  • Gym & Fitness Centre
  • Indoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Basketball Court
  • Tennis & Pickleball Court
  • Squash & Racquetball Court
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace

Data Methodology & Analytical Standards

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

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.