Market Data as of August 31, 2026
Grenadier Landing — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Grenadier Landing at 5 Marine Parade Dr in the Mimico neighborhood of Etobicoke was completed in 2003 by developer Davies Smith Developments Inc. and comprises 261 suites, currently featuring 1 active listing representing an availability rate of 0.4 percent. Over the past 90 days, the building recorded 1 closed lease transaction with an average of 5 days on market, matching its 30-day leasing pace of 1 transaction with an average of 5 days on market.
Active inventory features an asking rent of $2,800 per month and an asking rate of $4.31 per square foot across an average suite size of 650 square feet, which compares to realized 90-day leases averaging $3,700 per month at $4.11 per square foot across an average suite size of 900 square feet. This positions active asking rates slightly below the broader Mimico submarket asking benchmark of $4.45 per square foot.
Landlords benefit from rapid absorption with closed days on market averaging 5 days alongside leasing terms achieving premiums over asking price. Meanwhile, prospective tenants face highly constrained choice as the building currently offers zero availability outside of its single 1-Bedroom listing tier.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Grenadier Landing as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Grenadier Landing recently?
Grenadier Landing features 1 active listing as of August 31, 2026, with an asking rent of $2,800 per month across an average and median rent of $2,800 per month. Active inventory averages 650 square feet with an asking rate of $4.31 per square foot, entirely dominated by 1-Bedroom layouts that account for 100 percent of available stock, leaning squarely toward compact entry-level rental inventory rather than multi-bedroom configurations.
What floor plans and unit layouts are currently available at Grenadier Landing?
1-Bedroom suites represent the dominant active layout at Grenadier Landing, accounting for 1 available listing and a 100 percent inventory share. This single available 1-Bedroom tier averages $2,800 per month across 650 square feet at an asking rate of $4.31 per square foot. There are zero units currently available across any other layout tiers.
What is the average asking rent and $/SF by suite size at Grenadier Landing?
Grenadier Landing shows a minimum entry rent of $2,800 per month and a peak asking rent of $2,800 per month, resulting in a dollar spread of $0 and an asking spread percentage of 0 percent. Median asking rent rests at $2,800 per month, with the entry-level suite represented by a 1-Bedroom configuration measuring 650 square feet at $4.31 per square foot, mirroring the peak suite characteristics exactly due to single-listing inventory.
How much extra do parking spaces and dens cost at Grenadier Landing?
Grenadier Landing currently lacks sufficient paired data to isolate active den premiums, with unquantified den size deltas and square footage metrics. Active parking premium data cannot be reliably isolated due to an insufficient sample or anomalous outlier, meaning parking stall costs cannot be accurately determined from current listings.
How do asking rents at Grenadier Landing compare to local and municipal benchmarks?
Grenadier Landing asks $2,800 per month at $4.31 per square foot compared to the broader Mimico submarket asking benchmark of $3,167 per month at $4.45 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing, positioning the building at a 3.1 percent discount on a per square foot basis while representing a 1.6 percent share 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 Grenadier Landing (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Grenadier Landing last month, and how fast did they rent?
At Grenadier Landing, the 30-day leasing velocity recorded an average of 5 days on market, matching the 90-day benchmark of 5 days on market, which significantly outpaces the Etobicoke submarket benchmark of 24 days on market. Closed lease counts registered at 1 transaction across the 30-day, 90-day, and all-time tracked horizons, reflecting stable leasing turnover over the summer period.
What is the negotiation spread between asking rents and closed lease prices at Grenadier Landing?
At Grenadier Landing, transactions settled with an average premium of $200 per month over asking (a 5.71% premium), delivering $2,400 per year in additional rental revenue. This reflects landlord pricing leverage in the current leasing cycle.
What are typical executed lease prices across different layouts at Grenadier Landing?
At Grenadier Landing, the anchor layout is the 2-Bedroom tier, which represents 100% of closed lease volume with an average rent of $3,700 per month, a median rent of $3,700 per month, a P25-P75 range of $3,700 to $3,700 per month, an average suite size of 900 square feet, a rate of $4.11 per square foot, and an average of 5 days on market. (note that this represents an individual deal rather than a broad statistical benchmark).
What measurable rent premium did suites with parking achieve in closed leases at Grenadier Landing?
At Grenadier Landing, realized parking premium data is inconclusive due to insufficient paired lease records. Parking access was bundled without separate line-item values in available transaction records.
How does the lease-to-listing ratio at Grenadier Landing reflect current tenant demand?
At Grenadier Landing, overall rent tracked at an average of $3,700 per month across the observed timeline. In August 2026, 1 closed deal was recorded at an average rent of $3,700 per month, yielding $4.11 per square foot with an average of 5 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 9500 | 2000 | 4.75 | 143 |
| 2026-04-28 | 1 | 9500 | 2000 | 4.75 | 144 |
| 2026-04-29 | 1 | 9500 | 2000 | 4.75 | 145 |
| 2026-04-30 | 1 | 9500 | 2000 | 4.75 | 146 |
| 2026-05-01 | 1 | 9500 | 2000 | 4.75 | 147 |
| 2026-05-02 | 1 | 9500 | 2000 | 4.75 | 148 |
| 2026-05-03 | 1 | 9500 | 2000 | 4.75 | 149 |
| 2026-05-04 | 1 | 9500 | 2000 | 4.75 | 150 |
| 2026-05-05 | 1 | 9500 | 2000 | 4.75 | 151 |
| 2026-05-06 | 1 | 9500 | 2000 | 4.75 | 152 |
| 2026-05-07 | 1 | 9500 | 2000 | 4.75 | 153 |
| 2026-05-08 | 1 | 9500 | 2000 | 4.75 | 154 |
| 2026-05-09 | 1 | 9500 | 2000 | 4.75 | 155 |
| 2026-05-10 | 1 | 9500 | 2000 | 4.75 | 156 |
| 2026-05-11 | 1 | 9500 | 2000 | 4.75 | 157 |
| 2026-05-12 | 1 | 9500 | 2000 | 4.75 | 158 |
| 2026-05-13 | 1 | 9500 | 2000 | 4.75 | 159 |
| 2026-05-14 | 1 | 9500 | 2000 | 4.75 | 160 |
| 2026-05-15 | 1 | 9500 | 2000 | 4.75 | 161 |
| 2026-05-16 | 1 | 9500 | 2000 | 4.75 | 162 |
| 2026-05-17 | 1 | 9500 | 2000 | 4.75 | 163 |
| 2026-05-18 | 1 | 9500 | 2000 | 4.75 | 164 |
| 2026-05-19 | 1 | 9500 | 2000 | 4.75 | 165 |
| 2026-05-20 | 1 | 9500 | 2000 | 4.75 | 166 |
| 2026-05-21 | 1 | 9500 | 2000 | 4.75 | 167 |
| 2026-05-22 | 1 | 9500 | 2000 | 4.75 | 168 |
| 2026-05-23 | 1 | 9500 | 2000 | 4.75 | 169 |
| 2026-05-24 | 1 | 9500 | 2000 | 4.75 | 170 |
| 2026-05-25 | 1 | 9500 | 2000 | 4.75 | 171 |
| 2026-05-26 | 1 | 9500 | 2000 | 4.75 | 172 |
| 2026-05-27 | 1 | 9500 | 2000 | 4.75 | 173 |
| 2026-05-28 | 1 | 9500 | 2000 | 4.75 | 174 |
| 2026-05-29 | 1 | 9500 | 2000 | 4.75 | 175 |
| 2026-05-30 | 1 | 9500 | 2000 | 4.75 | 176 |
| 2026-05-31 | 1 | 9500 | 2000 | 4.75 | 177 |
| 2026-06-01 | 1 | 9500 | 2000 | 4.75 | 178 |
| 2026-06-02 | 1 | 9500 | 2000 | 4.75 | 179 |
| 2026-06-03 | 1 | 9500 | 2000 | 4.75 | 180 |
| 2026-06-04 | 1 | 9500 | 2000 | 4.75 | 181 |
| 2026-06-05 | 1 | 9500 | 2000 | 4.75 | 182 |
| 2026-06-06 | 1 | 9500 | 2000 | 4.75 | 183 |
| 2026-06-07 | 1 | 9500 | 2000 | 4.75 | 184 |
| 2026-06-08 | 1 | 9500 | 2000 | 4.75 | 185 |
| 2026-06-09 | 1 | 9500 | 2000 | 4.75 | 186 |
| 2026-06-10 | 1 | 9500 | 2000 | 4.75 | 187 |
| 2026-06-11 | 1 | 9500 | 2000 | 4.75 | 188 |
| 2026-06-12 | 1 | 9500 | 2000 | 4.75 | 189 |
| 2026-06-13 | 1 | 9500 | 2000 | 4.75 | 190 |
| 2026-06-14 | 1 | 9500 | 2000 | 4.75 | 191 |
| 2026-06-15 | 1 | 9500 | 2000 | 4.75 | 192 |
| 2026-06-16 | 1 | 9500 | 2000 | 4.75 | 193 |
| 2026-06-17 | 1 | 9500 | 2000 | 4.75 | 194 |
| 2026-06-18 | 1 | 9500 | 2000 | 4.75 | 195 |
| 2026-06-19 | 1 | 9500 | 2000 | 4.75 | 196 |
| 2026-06-20 | 1 | 9500 | 2000 | 4.75 | 197 |
| 2026-06-21 | 1 | 9500 | 2000 | 4.75 | 198 |
| 2026-06-22 | 1 | 9500 | 2000 | 4.75 | 199 |
| 2026-06-23 | 1 | 9500 | 2000 | 4.75 | 200 |
| 2026-06-24 | 1 | 9500 | 2000 | 4.75 | 201 |
| 2026-06-25 | 1 | 9500 | 2000 | 4.75 | 202 |
| 2026-06-26 | 1 | 9500 | 2000 | 4.75 | 203 |
| 2026-06-27 | 1 | 9500 | 2000 | 4.75 | 204 |
| 2026-06-28 | 1 | 9500 | 2000 | 4.75 | 205 |
| 2026-06-29 | 1 | 9500 | 2000 | 4.75 | 206 |
| 2026-07-30 | 1 | 2800 | 650 | 4.31 | N/A |
| 2026-07-31 | 1 | 2800 | 650 | 4.31 | 1 |
| 2026-08-01 | 1 | 2800 | 650 | 4.31 | 2 |
| 2026-08-02 | 1 | 2800 | 650 | 4.31 | 3 |
| 2026-08-03 | 1 | 2800 | 650 | 4.31 | 4 |
| 2026-08-04 | 1 | 2800 | 650 | 4.31 | 5 |
| 2026-08-05 | 1 | 2800 | 650 | 4.31 | 6 |
| 2026-08-06 | 1 | 2800 | 650 | 4.31 | 7 |
| 2026-08-07 | 1 | 2800 | 650 | 4.31 | 8 |
| 2026-08-08 | 1 | 2800 | 650 | 4.31 | 9 |
| 2026-08-09 | 1 | 2800 | 650 | 4.31 | 10 |
| 2026-08-10 | 1 | 2800 | 650 | 4.31 | 11 |
| 2026-08-11 | 1 | 2800 | 650 | 4.31 | 12 |
| 2026-08-12 | 1 | 2800 | 650 | 4.31 | 13 |
| 2026-08-13 | 1 | 2800 | 650 | 4.31 | 14 |
| 2026-08-14 | 1 | 2800 | 650 | 4.31 | 15 |
| 2026-08-15 | 1 | 2800 | 650 | 4.31 | 16 |
| 2026-08-16 | 1 | 2800 | 650 | 4.31 | 17 |
| 2026-08-17 | 1 | 2800 | 650 | 4.31 | 18 |
| 2026-08-18 | 1 | 2800 | 650 | 4.31 | 19 |
| 2026-08-19 | 1 | 2800 | 650 | 4.31 | 20 |
| 2026-08-20 | 1 | 2800 | 650 | 4.31 | 21 |
| 2026-08-21 | 2 | 3150 | 775 | 4.10 | 11 |
| 2026-08-22 | 2 | 3150 | 775 | 4.10 | 12 |
| 2026-08-23 | 2 | 3150 | 775 | 4.10 | 13 |
| 2026-08-24 | 2 | 3150 | 775 | 4.10 | 14 |
| 2026-08-25 | 2 | 3150 | 775 | 4.10 | 15 |
| 2026-08-26 | 1 | 2800 | 650 | 4.31 | 27 |
| 2026-08-27 | 1 | 2800 | 650 | 4.31 | 28 |
| 2026-08-28 | 1 | 2800 | 650 | 4.31 | 29 |
| 2026-08-29 | 1 | 2800 | 650 | 4.31 | 30 |
| 2026-08-30 | 1 | 2800 | 650 | 4.31 | 31 |
| 2026-08-31 | 1 | 2800 | 650 | 4.31 | 32 |
12-Month Market Dynamics & Trend Trajectory
Grenadier Landing at 5 Marine Parade Dr in the Mimico submarket has recorded a lifetime leasing volume of 1 transaction with an average monthly rent of $3,700 per month, an average rate of $4.11 per square foot, and an average suite size of 900 square feet. Average lifetime days on market stands at 5 days, indicating rapid tenant turnover for available units. Transaction distribution reflects landlord pricing leverage with leases closing above asking price, achieving an average premium of $200 per month over asking (a 5.71% premium) and generating $2,400 per year in additional landlord revenue.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-08-23 | 1 | 3700 | 900 | 4.11 | 5 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Grenadier Landing at 5 Marine Parade Dr is part of a mature waterfront cluster in Etobicoke's Mimico submarket, evaluated alongside direct local competitors including The Player's Club at 2067 Lake Shore Blvd W (0.07 km away, completed in 2002, 1 active listing), Nevis - Villa at 80 Palace Pier Crt (0.08 km away, completed in 2003, 0 active listings), Nevis - Tower at 88 Palace Pier Crt (0.09 km away, completed in 2003, 1 active listing), and Waterford at 2095 Lake Shore Blvd W (0.09 km away, completed in 2005, 0 active listings). These low-to-mid-2000s residential developments share a cohesive structural generation focused on expansive floor plans and established lakefront positioning. Across the micro-market, the overall comparable benchmark averages $2,825 per month at $6.37 per square foot across an average suite size of 475 square feet. Grenadier Landing positions itself competitively within this established corridor, offering larger footprints that balance its early-2000s construction era against newer developments while maintaining favorable value relative to peak submarket asking averages.
Comparable Analysis & Questions
How do rental rates at Grenadier Landing compare to neighbouring buildings within Mimico?
Grenadier Landing records an average lease rent of $3,700 per month, comparing against an overall competitive set average of $2,825 per month across nearby properties like The Player's Club and Nevis - Tower. Individual reporting shows The Player's Club at 2067 Lake Shore Blvd W achieving an average lease rent of $3,600 per month at $9.00 per square foot across an average of 400 square feet, while Nevis - Tower at 88 Palace Pier Crt reports an average lease rent of $2,050 per month at $3.73 per square foot across an average of 550 square feet.
Does Grenadier Landing offer a competitive price-per-square-foot ($/SF) against local comparables?
Grenadier Landing establishes its value proposition by offering larger average suite layouts at a lower rate per square foot compared to surrounding early-2000s alternatives. Subject trades at a $4.89 per square foot (54.3%) discount below The Player's Club, providing 500 more interior square feet than The Player's Club while delivering spacious 900 square foot floor plans.
How do building age, amenities, and developer reputation impact rent spreads?
Grenadier Landing delivers a robust selection of lifestyle features that rival or exceed neighboring lakefront developments. The building features signature amenities including a concierge and security service, a party and lounge room, a games and billiards room, a gym and fitness centre, and a rooftop terrace, contrasting with specialized competitor offerings such as the indoor pool and hot tub at The Player's Club, the car wash bay at Nevis - Villa, the putting green at Nevis - Tower, and the dedicated yoga studio at Waterford, making Grenadier Landing well-suited for residents seeking comprehensive onsite recreation in an established waterfront setting.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Grenadier Landing.
Building Amenities
- Concierge & Security
- Party & Lounge Room
- Games & Billiards Room
- Media & Theatre Room
- Gym & Fitness Centre
- Garden & Courtyard
- BBQ Area
- Rooftop Terrace
- Meeting Room
- Library & Reading Room
- Hobby Room
- Convenience Store
Residential Buildings in the Vicinity
- The Player's Club68 m
- Nevis - Villa76 m
- Waterford94 m
- Nevis - Tower95 m
- Waterford Tower II111 m
- Waterford Tower I162 m
- Newport Beach I & II182 m
- Palace Pier210 m
- Palace Place261 m
- Waterview II - Voyager319 m
- Waterview I - Voyager356 m
- Waterview III & IV - Explorer383 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Grenadier Landing.
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.
