Market Data as of August 31, 2026
Mayfair on the Green II — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Mayfair on the Green II at 410 McLevin Ave in Scarborough East is a 222-suite residential building completed in 1991 by Korank Properties, and it currently sits at full occupancy with zero units listed for rent as of August 31, 2026. The building's recent leasing activity shows one closed lease in the trailing 30 days at an average of $2,600 per month with a nine-day time on market, and two additional leases closed over the past 90 days averaging $2,600 per month at a 16-day average DOM. With an availability rate of 0 percent, prospective renters have no direct access to current asking rents or suite configurations at this address.
Historical lease data paints a clear pricing picture: the three tracked transactions closed at an average of $2,583 per month on roughly 1,050 square feet of space, translating to approximately $2.47 per square foot across the full sample and $2.74 per square foot in the most recent 30-day lease. That realized rate per square foot sits 25.4 percent below the Scarborough East submarket leased benchmark of $3.42 per square foot, positioning the building as a value-oriented option relative to neighboring inventory. The submarket's average asking rent of $2,406 per month at $3.11 per square foot implies a typical suite of around 774 square feet, meaning Mayfair on the Green II's historical leases covered substantially more floor area than the submarket norm.
Marketing friction at this building is effectively absent from the delisting side, with zero terminated, expired, or suspended listings recorded across the tracking period. The single 30-day lease closed in nine days compared to the submarket average of 33 days, indicating that when a unit does come to market, it moves quickly. Across all tracked closed transactions, tenants negotiated an average concession of $43 per month, or 1.65 percent below asking, with 100 percent of leases closing under the initial ask and saving renters approximately $516 per year. Because no units are currently available, inventory depth across every bedroom tier stands at zero, and renters seeking comparable two-bedroom space in Scarborough East should expand their search to the 34 active listings in the broader submarket.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 Mayfair on the Green II (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Mayfair on the Green II last month, and how fast did they rent?
Mayfair on the Green II closed one lease in the trailing 30 days at a 9-day DOM, compared to a 16-day DOM over 90 days and a 33-day submarket benchmark in Scarborough East. The building recorded two closings in the 90-day window and three lifetime leases, indicating leasing turnover remains slow and episodic rather than steady. With zero active listings on the market as of August 31, 2026, the property is effectively fully occupied and not generating new tenant flow.
What is the negotiation spread between asking rents and closed lease prices at Mayfair on the Green II?
Mayfair on the Green II tenants negotiated an average discount of $43 per month (1.65% below asking) across all three tracked leases, translating to $516 in annual savings per unit. Every single lease in the dataset closed under the landlord's listed price, confirming consistent tenant leverage and landlord concession in this micro-market. This pattern reflects a landlord willingness to concede on final pricing rather than hold units vacant, a clear signal of tenant-favorable negotiation dynamics.
What are typical executed lease prices across different layouts at Mayfair on the Green II?
The 2-bedroom layout is the sole product at Mayfair on the Green II, accounting for 100% of tracked leases at an average of $2,583 per month and a 13-day DOM. Across this limited sample of three closed deals, the median rent sits at $2,600 with a P25–P75 band of $2,575 to $2,600, indicating tight pricing dispersion. Suites average 1,050 square feet at $2.47 per square foot. This is a directional indicator only given the small sample size and should not be treated as a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Mayfair on the Green II?
Mayfair on the Green II does not have sufficient paired lease data to isolate a reliable parking premium, and no active listings exist to cross-reference asking parking rates. Parking pricing at this property remains inconclusive based on the current dataset. Tenants should confirm whether parking is bundled into the monthly rent or available as a separate add-on directly with the property manager.
How does the lease-to-listing ratio at Mayfair on the Green II reflect current tenant demand?
Mayfair on the Green II shows a modest upward rent trajectory from $2,550 in April to $2,600 by July and August 2026, with DOM compressing from 23 days to 9 days. April closed one lease at $2,550 per month, $2.32 per square foot, and a 7-day DOM. July added one lease at $2,600 per month, $2.36 per square foot, and a 23-day DOM. August closed one lease at $2,600 per month but at $2.74 per square foot and a 9-day DOM; the higher rate per square foot at the same nominal rent reflects a more compact suite footprint in that month rather than any property devaluation or revaluation.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2580 | 1100 | 2.35 | 5 |
| 2026-04-28 | 1 | 2580 | 1100 | 2.35 | 6 |
| 2026-06-07 | 1 | 2700 | 1100 | 2.45 | N/A |
| 2026-06-08 | 1 | 2700 | 1100 | 2.45 | 1 |
| 2026-06-09 | 1 | 2700 | 1100 | 2.45 | 2 |
| 2026-06-10 | 1 | 2700 | 1100 | 2.45 | 3 |
| 2026-06-11 | 1 | 2700 | 1100 | 2.45 | 4 |
| 2026-06-12 | 1 | 2700 | 1100 | 2.45 | 5 |
| 2026-06-13 | 1 | 2700 | 1100 | 2.45 | 6 |
| 2026-06-14 | 1 | 2700 | 1100 | 2.45 | 7 |
| 2026-06-15 | 1 | 2700 | 1100 | 2.45 | 8 |
| 2026-06-16 | 1 | 2700 | 1100 | 2.45 | 9 |
| 2026-06-17 | 1 | 2700 | 1100 | 2.45 | 10 |
| 2026-06-18 | 1 | 2700 | 1100 | 2.45 | 11 |
| 2026-06-19 | 1 | 2700 | 1100 | 2.45 | 12 |
| 2026-06-20 | 1 | 2700 | 1100 | 2.45 | 13 |
| 2026-06-21 | 1 | 2700 | 1100 | 2.45 | 14 |
| 2026-06-22 | 1 | 2700 | 1100 | 2.45 | 15 |
| 2026-06-23 | 1 | 2700 | 1100 | 2.45 | 16 |
| 2026-06-24 | 1 | 2700 | 1100 | 2.45 | 17 |
| 2026-06-25 | 1 | 2700 | 1100 | 2.45 | 18 |
| 2026-06-26 | 1 | 2700 | 1100 | 2.45 | 19 |
| 2026-06-27 | 1 | 2700 | 1100 | 2.45 | 20 |
| 2026-06-28 | 1 | 2700 | 1100 | 2.45 | 21 |
| 2026-06-29 | 1 | 2700 | 1100 | 2.45 | 22 |
| 2026-06-30 | 1 | 2700 | 1100 | 2.45 | 23 |
| 2026-07-01 | 1 | 2700 | 1100 | 2.45 | 24 |
| 2026-07-02 | 1 | 2700 | 1100 | 2.45 | 25 |
| 2026-07-03 | 1 | 2700 | 1100 | 2.45 | 26 |
| 2026-07-04 | 1 | 2700 | 1100 | 2.45 | 27 |
| 2026-07-05 | 1 | 2700 | 1100 | 2.45 | 28 |
| 2026-07-06 | 1 | 2650 | 1100 | 2.41 | N/A |
| 2026-07-07 | 1 | 2650 | 1100 | 2.41 | 1 |
| 2026-07-08 | 1 | 2650 | 1100 | 2.41 | 2 |
| 2026-07-09 | 1 | 2650 | 1100 | 2.41 | 3 |
| 2026-07-10 | 1 | 2650 | 1100 | 2.41 | 4 |
| 2026-07-11 | 1 | 2650 | 1100 | 2.41 | 5 |
| 2026-07-12 | 1 | 2650 | 1100 | 2.41 | 6 |
| 2026-07-13 | 1 | 2650 | 1100 | 2.41 | 7 |
| 2026-07-14 | 1 | 2650 | 1100 | 2.41 | 8 |
| 2026-07-15 | 1 | 2650 | 1100 | 2.41 | 9 |
| 2026-07-16 | 1 | 2650 | 1100 | 2.41 | 10 |
| 2026-07-17 | 1 | 2650 | 1100 | 2.41 | 11 |
| 2026-07-18 | 1 | 2650 | 1100 | 2.41 | 12 |
| 2026-07-19 | 1 | 2650 | 1100 | 2.41 | 13 |
| 2026-07-20 | 1 | 2650 | 1100 | 2.41 | 14 |
| 2026-07-21 | 1 | 2650 | 1100 | 2.41 | 15 |
| 2026-07-22 | 1 | 2650 | 1100 | 2.41 | 16 |
| 2026-07-23 | 1 | 2650 | 1100 | 2.41 | 17 |
| 2026-07-24 | 1 | 2650 | 1100 | 2.41 | 18 |
| 2026-07-25 | 1 | 2650 | 1100 | 2.41 | 19 |
| 2026-07-26 | 1 | 2650 | 1100 | 2.41 | 20 |
| 2026-07-27 | 1 | 2650 | 1100 | 2.41 | 21 |
| 2026-07-28 | 1 | 2650 | 1100 | 2.41 | 22 |
| 2026-08-19 | 1 | 2650 | 950 | 2.79 | N/A |
| 2026-08-20 | 1 | 2650 | 950 | 2.79 | 1 |
| 2026-08-21 | 1 | 2650 | 950 | 2.79 | 2 |
| 2026-08-22 | 1 | 2650 | 950 | 2.79 | 3 |
| 2026-08-23 | 1 | 2650 | 950 | 2.79 | 4 |
| 2026-08-24 | 1 | 2650 | 950 | 2.79 | 5 |
| 2026-08-25 | 1 | 2650 | 950 | 2.79 | 6 |
| 2026-08-26 | 1 | 2650 | 950 | 2.79 | 7 |
| 2026-08-27 | 1 | 2650 | 950 | 2.79 | 8 |
12-Month Market Dynamics & Trend Trajectory
Mayfair on the Green II realizes an average rent of $2,583 per month, which sits $254 above the Scarborough East submarket average of $2,329. On a rate-per-square-foot basis, however, the building trades at $2.47 per square foot versus the submarket's $3.42 per square foot, a 25.4% discount that reflects the property's larger 1,050-square-foot suite footprints rather than weak demand. The building commands a nominal rent premium while delivering a lower density charge, positioning it as a space-rich option in a submarket where the typical suite is closer to 774 square feet. Pricing discipline at Mayfair on the Green II leans decisively toward the tenant side. All three tracked leases closed below asking, with an average concession of $43 per month (1.65%) and $516 in annualized savings per unit. This 100% under-asking close rate signals that landlords at this property are willing to negotiate rather than hold units vacant, giving prospective tenants a clear and consistent opening to push back on the listed price.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-07-26 | 1 | 2600 | 1100 | 2.36 | 23 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2600 | 950 | 2.74 | 9 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Mayfair on the Green II at 410 McLevin Ave sits within a tight cluster of four nearby competitors, all of which recorded active lease volume over the trailing 180 days. Mayfair on the Green I (400 McLevin Ave, 0.05 km, completed 1991) closed two leases; Mayfair on the Green IV (480 McLevin Ave, 0.14 km, completed 1994) closed one; Mayfair on the Green III (430 McLevin Ave, 0.19 km, completed 1991) closed one; and 100 Wingarden Court Condominium (100 Wingarden Court, 0.42 km, completed 1987) closed six. The three Mayfair towers share the same 1991–1994 construction window as the subject, while Wingarden Court is four years older and represents the oldest asset in the immediate pocket. No competitor in this set recorded zero transactions, so every peer serves as both an architectural reference and an active pricing benchmark. Against the four-comp average of $2,461 per month, $2.35 per square foot, and 1,060 square feet of interior space, Mayfair on the Green II realizes $2,583 per month at $2.47 per square foot across an average 1,050-square-foot suite. The subject's total footprint is essentially in line with the comp mean (10 sq ft smaller), yet it clears a $0.12-per-square-foot premium over the group average, positioning it as a mid-range value play in a submarket where the broader Scarborough East leased benchmark runs $3.42 per square foot. The building's 1991 construction places it squarely in the same generation as its two closest Mayfair siblings, while the slightly larger Wingarden Court suites (1,115 sq ft) anchor the upper end of the local size range.
100 Wingarden Court, Scarborough
Comparable Analysis & Questions
How do rental rates at Mayfair on the Green II compare to neighbouring buildings within Scarborough East?
Mayfair on the Green II's average realized lease rent of $2,583 per month runs $122 above the four-comp benchmark of $2,461, with the spread driven primarily by its larger interior footprints relative to the two closest Mayfair towers. Mayfair on the Green I at 400 McLevin Ave (0.05 km, two closed leases) averaged $2,225 per month at $2.54 per square foot across 875 square feet, placing the subject $358 higher on a nominal basis. Mayfair on the Green IV at 480 McLevin Ave (0.14 km, one closed lease) averaged $2,700 per month at $2.08 per square foot across 1,300 square feet, meaning the subject trades $117 lower despite a smaller suite. Mayfair on the Green III at 430 McLevin Ave (0.19 km, one closed lease) averaged $2,400 per month at $2.53 per square foot across 950 square feet, putting the subject $183 higher. 100 Wingarden Court Condominium (0.42 km, six closed leases) averaged $2,517 per month at $2.26 per square foot across 1,115 square feet, with the subject $66 higher. All four competitors posted realized lease data, so no zero-transaction caveat applies in this pocket.
Does Mayfair on the Green II offer a competitive price-per-square-foot ($/SF) against local comparables?
Mayfair on the Green II leases at $2.47 per square foot across an average 1,050-square-foot suite, positioning it at a modest premium to the four-comp mean of $2.35 per square foot while matching the group's 1,060-square-foot size benchmark almost exactly. Against Mayfair on the Green I, the subject trades at a $0.07-per-square-foot (2.8%) discount while providing 175 more interior square feet, so the higher nominal rent of $358 is entirely footprint-driven rather than a rate premium. Versus Mayfair on the Green IV, the subject commands a $0.39-per-square-foot (18.8%) premium yet delivers 250 fewer square feet; the $117 lower monthly rent here is a direct consequence of the smaller interior footprint, not a weaker asset valuation. Against Mayfair on the Green III, the subject trades at a $0.06-per-square-foot (2.4%) discount while offering 100 more square feet, again making the $183 higher rent a space premium. Finally, compared with 100 Wingarden Court Condominium, the subject commands a $0.21-per-square-foot (9.3%) premium while providing 65 fewer square feet, and the $66 higher rent reflects both the tighter per-square-foot rate and the slightly smaller suite.
How do building age, amenities, and developer reputation impact rent spreads?
Mayfair on the Green II fields a nine-item amenity suite that includes a rooftop terrace, a feature absent from every one of its four nearby competitors, giving it a distinct outdoor-living edge in an otherwise pool-and-court-dominated peer set. The subject's indoor pool, sauna and steam room, gym, squash and racquetball court, tennis and pickleball court, party lounge, meeting room, and concierge security mirror the core packages at Mayfair on the Green I and Mayfair on the Green IV, though Wingarden Court lacks a pool, gym, and sauna entirely. Mayfair on the Green III out-features the subject with a hot tub, basketball court, games and billiards room, library, and garden courtyard that the subject does not carry. The rooftop terrace is the single amenity that no competitor in this cluster offers, and combined with the full aquatic and racquet-sport package, the building best serves lifestyle-oriented professionals and small families who want resort-style recreation without leaving the building, while still benefiting from the cost-conscious pricing that a 1991-era structure in Scarborough East delivers relative to newer submarket inventory.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Mayfair on the Green II.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Sauna & Steam Room
- Tennis & Pickleball Court
- Squash & Racquetball Court
- Party & Lounge Room
- Meeting Room
- Rooftop Terrace
Residential Buildings in the Vicinity
- Mayfair on the Green I52 m
- Mayfair on the Green IV137 m
- Mayfair on the Green III188 m
- 100 Wingarden Court Condominium425 m
- Carriage House451 m
- 15 Sewells Rd469 m
- Carriage House II488 m
- Presto Towns565 m
- Park Vista651 m
- Regency Court1.7 km
- Condominium2.1 km
- First Home Markham Sheppard - Building A2.1 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Mayfair on the Green II.
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.