Skip to Content

Market Data as of August 31, 2026

Casa II — Rental Market Data

42 Charles St E, Toronto, Ontario M4Y 0B7
Quick Rent Estimate
Active Suites5 Available
Type
Units
Avg Rent
2-Bedroom
2
$3,100
1-Bedroom
1
$2,550
1-Bedroom + Den
1
$3,100
Studio
1
$2,500

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2016
Total Suites470
DeveloperCresford Developments

Casa II, located at 42 Charles St E in the Cabbagetown submarket, is a 470-suite residential tower completed in 2016 by Cresford Developments that currently maintains 5 active listings and an availability rate of 1.1%. Leasing momentum remains active with 12 units leased over the past 30 days at an average of 11 days on market, alongside a 90-day volume of 70 transactions averaging 23 days on market.

Active asking rents average $2,870 per month at $5.56 per square foot, tracking above the realized 90-day lease average of $2,398 per month at $4.70 per square foot due to active inventory skewing toward larger, multi-bedroom layouts. The building's active asking rate per square foot stands at $5.56, outperforming the broader submarket asking benchmark of $4.33 per square foot.

Closed transactions averaged 11 days on market over the past 30 days, while delisted listings averaged 12 days on market with 28.2% of leases closing below asking, granting tenants an average discount of $24 per month. Prospective tenants face a small selection of available inventory, with 2-Bedroom layouts holding a 40% share of active listings while 1-Bedroom, 1-Bedroom + Den, and Studio configurations each represent single-listing availability.

Get Monthly Rental Market Updates for Casa II

Stay ahead of pricing shifts. Monthly summary of closed lease contracts, active asking rates, and available inventory direct to your inbox.

Strictly monthly updates. One-click unsubscribe at any time.

Active Rental Inventory & Asking Rates

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

Active Units5
-3 (37.5%)
Avg Asking Rent$2,870
+$258 (9.9%)
Avg Suite Size530 sf
-57 sf (9.8%)
Avg Days on Market19d
+7d (55.2%)
Avg Asking $/SF$5.56
+$1.07 (23.9%)

Active Market Insights & Questions

How has rental availability changed at Casa II recently?

Casa II features 5 active listings as of August 31, 2026, with an asking price range between $2,500 and $3,200 per month, an average asking rent of $2,870 per month, and a median asking rent of $3,000 per month. Active suites average 530 square feet at an asking rate of $5.56 per square foot. Multi-bedroom configurations dominate current availability, indicating that inventory leans toward larger layouts compared to historical leasing patterns.

What floor plans and unit layouts are currently available at Casa II?

2-Bedroom configurations represent the dominant active layout at Casa II with 2 listings, capturing a 40% share of active inventory at an average asking rent of $3,100 per month, an average size of 650 square feet, and an asking rate of $4.77 per square foot. Additional layouts include single-listing options for a 1-Bedroom unit at $2,550 per month across 400 square feet ($6.38 per square foot), a 1-Bedroom + Den suite at $3,100 per month across 550 square feet ($5.64 per square foot), and a Studio suite at $2,500 per month across 400 square feet ($6.25 per square foot). Available selections across these tiers range from small samples to single listings, requiring prospective tenants to evaluate units on an individual basis.

What is the average asking rent and $/SF by suite size at Casa II?

Casa II records a minimum entry rent of $2,500 per month and a peak asking rent of $3,200 per month, yielding a dollar spread of $700 and a percentage spread of 28%. The median asking rent sits at $3,000 per month across the building's active listings. The entry-level tier features a Studio layout spanning 400 square feet at an asking rate of $6.25 per square foot, whereas the peak tier is anchored by a 2-Bedroom suite offering 650 square feet at an asking rate of $4.92 per square foot.

How much extra do parking spaces and dens cost at Casa II?

Casa II commands an active den premium of $550 per month for an additional 150 square feet of interior space, representing a marginal cost of $3.67 per square foot for the extra area. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample. Verified historical leasing data indicates an average parking add-on cost of $162 per month.

How do asking rents at Casa II compare to local and municipal benchmarks?

Casa II asks an average rent of $2,870 per month at $5.56 per square foot, comparing to the broader Cabbagetown submarket asking average of $3,178 per month at $4.33 per square foot. The lower nominal monthly outlay for certain active units is driven by more compact suite sizing rather than cheaper underlying unit pricing. The building's asking rate per square foot tracks 28.4% above the submarket asking benchmark, backed by the building's 5 active listings representing 4.7% of total 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 Casa II (Data period: For the month of August 2026).

Units Leased12
Avg Leased Price$2,446
Avg Leased Size525 sf
Avg Days to Lease11d
Leased $/SF$5.09

Leased Transaction Insights & Questions

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

At Casa II, 30-day leasing velocity registered an average of 11 days on market, compared to 23 days for the 90-day window and a submarket benchmark average of 22 days on market. Closed lease counts tracked at 12 units over the past 30 days, 70 units over the past 90 days, and 78 units over the trailing 1-year period, illustrating that leasing turnover accelerated rapidly heading into the summer months.

What is the negotiation spread between asking rents and closed lease prices at Casa II?

At Casa II, tenant negotiations resulted in an average discount of $24 per month, representing a 0.92% price reduction and $288 in annual tenant savings. Exactly 28.2% of closed leases secured concessions below asking price, reflecting a moderately tenant-favorable leasing environment where proactive renters successfully captured minor landlord concessions.

What are typical executed lease prices across different layouts at Casa II?

The two highest-volume anchor layouts at Casa II are 1-Bedroom suites averaging $2,258 per month across 23 days on market and 2-Bedroom units averaging $2,888 per month across 34 days on market. 1-Bedroom tiers recorded 36 closed leases with an average rent of $2,258 per month, a median rent of $2,300 per month, a P25-P75 range of $2,188 to $2,362 per month, an average square feet of 487, a rate of $4.75 per square foot, and an average DOM of 23. 2-Bedroom tiers recorded 20 closed leases with an average rent of $2,888 per month, a median rent of $2,800 per month, a P25-P75 range of $2,775 to $3,000 per month, an average square feet of 665, a rate of $4.35 per square foot, and an average DOM of 34. Studio layouts accounted for 13 closed leases with an average rent of $2,002 per month, a median rent of $2,000 per month, a P25-P75 range of $1,900 to $2,100 per month, an average square feet of 399, a rate of $5.02 per square foot, and an average DOM of 20, forming a statistically robust benchmark. 1-Bedroom + Den suites recorded 9 closed leases with an average rent of $2,383 per month, a median rent of $2,350 per month, a P25-P75 range of $2,300 to $2,450 per month, an average square feet of 549, a rate of $4.34 per square foot, and an average DOM of 20, representing a moderate sample size.

What measurable rent premium did suites with parking achieve in closed leases at Casa II?

At Casa II, verified realized parking premiums averaged $162 per month for successfully leased suites. Standard suite bundling patterns indicate that parking stalls are frequently packaged into larger 2-bedroom floor plans. Active asking parking data was inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at Casa II reflect current tenant demand?

At Casa II, overall rent trajectory followed an upward path from early spring through late summer. In April 2026, 4 units closed at an average rent of $2,413 per month ($4.11 per square foot) with 58 days on market. In May 2026, 4 units closed at $2,250 per month ($4.23 per square foot) with 28 days on market. In June 2026, 23 units closed at $2,320 per month ($4.39 per square foot) with 32 days on market. In July 2026, leasing activity peaked with 35 closed deals averaging $2,433 per month ($4.76 per square foot) and 20 days on market. By August 2026, 12 units closed at an average of $2,446 per month ($5.09 per square foot) with 11 days on market.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$1,400
Avg Suite Size550 sf
Avg Days on Market12d
Delisted $/SF$2.55

De-Listed Market Analysis & Questions

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

At Casa II, total delisted unrented inventory reached 1 unit, representing a delisted-to-leased ratio of 8.3% consisting entirely of 1 suspended listing and zero terminated or expired listings. This indicates a healthy market ratio where approximately 1 listing was pulled for every 12 successful leases.

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

At Casa II, unrented delisted units asked an average of $1,400 per month, reflecting a nominal dollar spread of $1,046 per month below realized lease averages and a rate of $2.55 per square foot. Delisted units exhibited a lower nominal asking price because they were concentrated in smaller floor plans, but commanded a lower rate per square foot, demonstrating that prospective tenants rejected high density $/sq. ft. pricing.

What market friction causes rental listings to stall or de-list at Casa II?

At Casa II, delisted unrented units averaged 12 days on market compared to 25 days on market for realized leases. Because delisted marketing times were shorter than realized lease averages, unrented listings did not incur excess vacancy carry or financial holding penalties.

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)
2026-04-271232335545.6133
2026-04-281232335545.6134
2026-04-291026505404.9031
2026-04-301027205564.8826
2026-05-011027205564.8827
2026-05-021127005544.8625
2026-05-031127005544.8626
2026-05-041127005544.8627
2026-05-051127005544.8628
2026-05-061027505544.9530
2026-05-071126825404.9528
2026-05-081326925574.8425
2026-05-091426685574.8024
2026-05-101526875634.7823
2026-05-111626665534.8523
2026-05-121726535524.8322
2026-05-131826105444.8222
2026-05-141925885444.7822
2026-05-152025615374.7922
2026-05-162125515314.8522
2026-05-172125515314.8523
2026-05-182225625364.8223
2026-05-192325735394.8221
2026-05-202525795384.8320
2026-05-212625705384.8120
2026-05-222625705384.8121
2026-05-232825575394.7821
2026-05-242825575394.7822
2026-05-252825575394.7823
2026-05-263025285304.8122
2026-05-273025285304.8123
2026-05-283225195314.7823
2026-05-293225195314.7824
2026-05-303025255314.8025
2026-05-312925335304.8222
2026-06-012925335304.8223
2026-06-022825395344.7824
2026-06-032825255314.7924
2026-06-042825255314.7925
2026-06-052825255314.7926
2026-06-062825255314.7927
2026-06-072625355324.7928
2026-06-082425695374.8130
2026-06-092225465264.8530
2026-06-102225465264.8531
2026-06-112125245204.8630
2026-06-122224985154.8630
2026-06-132225465334.8129
2026-06-142125625364.8228
2026-06-152125345294.8328
2026-06-162025405284.8527
2026-06-172025445204.9427
2026-06-182125665105.1725
2026-06-192125665105.1726
2026-06-202024325064.9923
2026-06-211824204955.0723
2026-06-221924405035.0323
2026-06-232123815124.8521
2026-06-242324225244.8121
2026-06-252324185214.8320
2026-06-262324185214.8321
2026-06-272124295264.8319
2026-06-282224235274.8019
2026-06-292324355284.8019
2026-06-302125125215.0120
2026-07-012025335274.9920
2026-07-022025335274.9921
2026-07-032126095454.9719
2026-07-041926385445.0520
2026-07-051726555664.7822
2026-07-061726555664.7823
2026-07-071526995794.7523
2026-07-081627145834.7423
2026-07-092025945544.7719
2026-07-102225835454.8517
2026-07-112125975444.8819
2026-07-122426105494.8617
2026-07-132625845434.8617
2026-07-142325805454.8518
2026-07-152226085544.8318
2026-07-162025875654.6919
2026-07-171825925694.6620
2026-07-181725855654.6921
2026-07-191725855654.6922
2026-07-201526405874.5922
2026-07-211326315854.6025
2026-07-221026606154.3021
2026-07-231225925794.5218
2026-07-241226135874.4917
2026-07-251026205854.5317
2026-07-261026205854.5318
2026-07-271126095824.5316
2026-07-281025755754.5318
2026-07-291025055904.2619
2026-07-30926445944.4820
2026-07-31826135874.4912
2026-08-01826135874.4913
2026-08-02726436144.2715
2026-08-03726436144.2716
2026-08-04825635874.3615
2026-08-05825505694.5415
2026-08-06825505694.5416
2026-08-07724645574.4812
2026-08-08724645574.4813
2026-08-09625255834.3516
2026-08-10328836334.5625
2026-08-11427885754.9819
2026-08-12329005835.1523
2026-08-13329005835.1524
2026-08-14329005835.1525
2026-08-15329005835.1526
2026-08-16329005835.1527
2026-08-17228505255.5926
2026-08-18228505255.5927
2026-08-19228505255.5928
2026-08-20326174835.5219
2026-08-21228505255.5930
2026-08-22228505255.5931
2026-08-23228505255.5932
2026-08-24329335335.6022
2026-08-25429505635.3617
2026-08-26429505635.3618
2026-08-27627505085.5313
2026-08-28627505085.5314
2026-08-29627505085.5315
2026-08-30528705305.5618
2026-08-31528705305.5619

12-Month Market Dynamics & Trend Trajectory

Casa II at 42 Charles St E has established a consistent leasing history backed by 78 lifetime closed transactions averaging $2,391 per month at $4.64 per square foot across an average suite size of 525 square feet. Average lifetime days on market sits at 25 days, pointing to steady tenant turnover and continuous absorption across the 470-suite property. Pricing discipline at the building exhibits mild tenant leverage, with 28.2% of transactions closing below asking price. Tenants negotiated an average discount of $24 per month, securing a 0.92% reduction from list prices and realizing $288 in annual savings, which underscores a market environment where landlords occasionally concede on price to secure immediate occupancy.

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)
2026-05-03122005504.0022
2026-05-100N/AN/AN/AN/A
2026-05-17120004954.0440
2026-05-24224005414.4425
2026-05-31225355255.0924
2026-06-07924395434.5531
2026-06-14423005334.3241
2026-06-21523165404.3142
2026-06-28820535064.2121
2026-07-05522604904.6919
2026-07-121324755254.7815
2026-07-19925285334.9129
2026-07-26326835674.8210
2026-08-02524404805.1914
2026-08-09424505004.998
2026-08-16225755504.8317
2026-08-230N/AN/AN/AN/A
2026-08-30122004005.503

Nearby Building Rental Comparables & Price Spreads

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

Casa II at 42 Charles St E is situated in a dense micro-market anchored by several direct competitors completed between 2010 and 2024, including Chaz Yorkville (45 Charles St E, 0.03 km away, completed in 2015 with 56 active listings), Casa III (50 Charles St E, 0.06 km away, completed in 2018 with 109 active listings), 55C (55 Charles St E, 0.06 km away, completed in 2024 with 78 active listings), and Casa - Condominio Residenza (33 Charles St E, 0.06 km away, completed in 2010 with 34 active listings). Built in 2016 with 470 suites, Casa II represents the mid-decade structural generation of the Charles Street corridor, sitting directly between the older 2010 Residenza and the newer 2018 Casa III and 2024 55C developments. Across this competitive set, the overall comparable benchmark averages $2,691 per month at $4.37 per square foot across an average suite size of 634 square feet. Casa II registers an average lease rate of $2,391 per month at $4.64 per square foot across an average footprint of 525 square feet, positioning the building as a more compact, efficiently scaled option that trades at a competitive rate per square foot relative to its broader micro-market benchmarks.

45 Charles St E, Toronto

Avg Asking$2,732/mo
Avg $/SF$4.24
Rent Spread:
-$138/mo (-4.8%) Lower

33 Charles St E, Toronto

Avg Asking$2,751/mo
Avg $/SF$4.11
Rent Spread:
-$119/mo (-4.1%) Lower
55C57 m

55 Charles St E, Toronto

Avg Asking$2,877/mo
Avg $/SF$4.39
Rent Spread:
+$7/mo (+0.3%) Higher

50 Charles St E, Toronto

Avg Asking$2,748/mo
Avg $/SF$4.99
Rent Spread:
-$122/mo (-4.3%) Lower

35 Hayden St, Toronto

Avg Asking$2,490/mo
Avg $/SF$4.04
Rent Spread:
-$380/mo (-13.2%) Lower

30 Hayden St, Toronto

Avg Asking$2,420/mo
Avg $/SF$4.00
Rent Spread:
-$450/mo (-15.7%) Lower

Comparable Analysis & Questions

How do rental rates at Casa II compare to neighbouring buildings within Cabbagetown?

Casa II achieves an average lease rent of $2,391 per month, comparing against an overall competitive set average of $2,691 per month across benchmark properties such as Chaz Yorkville, Casa III, 55C, and Casa - Condominio Residenza. Chaz Yorkville (45 Charles St E) recorded an average lease rent of $2,651 per month at $4.16 per square foot across 650 square feet. Casa III (50 Charles St E) achieved $2,625 per month at $4.78 per square foot across 565 square feet. 55C (55 Charles St E) logged an average lease rent of $2,831 per month at $4.33 per square foot across 664 square feet. Finally, Casa - Condominio Residenza (33 Charles St E) reported an average lease rent of $2,655 per month at $4.19 per square foot across 655 square feet.

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

Casa II delivers a value proposition defined by an average leased rate of $4.64 per square foot across an average footprint of 525 square feet, balancing its mid-decade construction era against newer and older alternatives in the submarket. Renters at Casa II trade off larger, older layouts found at buildings like Casa - Condominio Residenza (655 square feet at $4.19 per square foot) and 55C (664 square feet at $4.33 per square foot) in exchange for a highly efficient, smaller footprint that reduces absolute monthly rent obligations while maintaining a central Cabbagetown location. Compared to the adjacent Casa III, which leases at $4.78 per square foot across 565 square feet, Casa II offers a marginally lower rate per square foot while capturing similar modern structural efficiencies.

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

Casa II provides a robust lifestyle and amenity profile featuring a grand lobby designed by Missoni Home, an outdoor pool, a yoga studio, and a rooftop terrace that rival the shared spaces of surrounding towers. When contrasted with specific neighborhood peers, Casa II matches the outdoor pool found at Casa III and Casa - Condominio Residenza while offering a distinctive design pedigree via Missoni Home that distinguishes it from the golf simulators and spin studios at Chaz Yorkville or the outdoor firepits at 55C. This amenity suite best serves urban professionals and medical or financial district commuters seeking a balance of boutique aesthetic finishes and established building infrastructure without paying the top-tier premiums demanded by brand-new 2024 constructions.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Casa II.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Outdoor Pool
  • Party & Lounge Room
  • Meeting Room
  • Games & Billiards Room
  • BBQ Area
  • Rooftop Terrace
  • Grand Lobby designed by Missoni Home

Data Methodology & Analytical Standards

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