Skip to Content

Market Data as of August 31, 2026

50 at Wellesley Station — Rental Market Data

50 Wellesley St E, Toronto, Ontario M4Y 0C8
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom
1
$3,600

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2019
Total Suites365
DeveloperPlaza

50 at Wellesley Station is a 365-suite established residential building developed by Plaza at 50 Wellesley St E in Toronto's Cabbagetown neighborhood, completed in 2019. The property currently records 1 active listing, translating to a tight availability rate of 0.3%. Over the past 90 days, the building recorded 45 closed leases averaging 27 days on the market, while the last 30 days saw 5 closed leases averaging 9 days on the market.

Active asking rent sits at $3,600 per month across a single 750-square-foot suite, demanding $4.80 per square foot. This current asking rent exceeds the realized 90-day lease average of $2,841 per month across 655 square feet at $4.33 per square foot. The active asking rate per square foot stands 10.9% above the submarket asking benchmark of $4.33 per square foot, reflecting the larger 750-square-foot footprint of the sole available layout compared to historical building averages.

Marketing friction is minimal, with zero delisted units recorded and closed leases averaging 9 days on the market over the last 30 days. Historical data indicates that 37.7% of past leases closed under asking with an average tenant discount of $37 per month, reflecting a tenant-favorable negotiation environment. Inventory selection is extremely restricted with exactly 1 active two-bedroom suite available, leaving zero options across bachelor, one-bedroom, or three-bedroom tiers.

Get Monthly Rental Market Updates for 50 at Wellesley Station

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 50 at Wellesley Station as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units1
-1 (50.0%)
Avg Asking Rent$3,600
+$700 (24.1%)
Avg Suite Size750 sf
+100 sf (15.4%)
Avg Days on Market4d
-4d (50.0%)
Avg Asking $/SF$4.80
+$0.33 (7.3%)

Active Market Insights & Questions

How has rental availability changed at 50 at Wellesley Station recently?

50 at Wellesley Station features 1 active listing as of August 31, 2026, with an asking price of $3,600 per month, which serves as the minimum, median, and maximum asking rent. This active suite spans 750 square feet at an asking rate of $4.80 per square foot. Two-bedroom configurations account for 100% of the active inventory, steering current availability entirely toward multi-bedroom executive layouts rather than compact entry-level suites.

What floor plans and unit layouts are currently available at 50 at Wellesley Station?

The dominant active layout at 50 at Wellesley Station is the 2-Bedroom tier, comprising 1 active listing and representing 100% of current inventory. This single available two-bedroom suite averages $3,600 per month across 750 square feet at an asking rate of $4.80 per square foot. There are zero active units available in bachelor, one-bedroom, or three-bedroom configurations.

What is the average asking rent and $/SF by suite size at 50 at Wellesley Station?

50 at Wellesley Station has a minimum entry rent of $3,600 per month and a peak asking rent of $3,600 per month, resulting in a dollar spread of $0 and an asking spread of 0%. Median asking rent rests at $3,600 per month. The entry-level suite is a 2-Bedroom layout spanning 750 square feet at $4.80 per square foot, which matches the peak suite configuration identically.

How much extra do parking spaces and dens cost at 50 at Wellesley Station?

Active den premium data for 50 at Wellesley Station cannot be evaluated as the active den square footage delta and premium dollars are null. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, so parking fees are omitted. Verified historical leased parking averages $166 per month.

How do asking rents at 50 at Wellesley Station compare to local and municipal benchmarks?

50 at Wellesley Station asks an average rent of $3,600 per month at $4.80 per square foot, comparing to the Cabbagetown submarket average asking rent of $3,178 per month at $4.33 per square foot. The higher nominal monthly outlay is driven by the larger 750-square-foot average suite size of the current listing. The building's active asking rate per square foot sits 10.9% above the submarket asking benchmark, backed by 1 active listing within a submarket total of 106 active properties.

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 50 at Wellesley Station (Data period: For the month of August 2026).

Units Leased5
Avg Leased Price$2,960
Avg Leased Size655 sf
Avg Days to Lease9d
Leased $/SF$4.45

Leased Transaction Insights & Questions

How many suites were leased at 50 at Wellesley Station last month, and how fast did they rent?

At 50 at Wellesley Station, leasing velocity recorded an average of 9 days on market over the last 30 days, compared to 27 days over the trailing 90-day window and a lifetime average of 29 days on market against a submarket benchmark of 22 days. Closed lease counts shifted from 45 transactions over the 90-day window to 5 transactions in the final 30 days, reflecting steady summer leasing absorption.

What is the negotiation spread between asking rents and closed lease prices at 50 at Wellesley Station?

At 50 at Wellesley Station, leasing transactions settled with an average tenant discount of $37 per month, or 1.29% below asking price, yielding $444 in annual tenant savings per lease. Exactly 37.7% of closed leases secured concessions below asking price, confirming that market leverage leaned moderately toward prospective tenants.

What are typical executed lease prices across different layouts at 50 at Wellesley Station?

The 2-Bedroom layout and 1-Bedroom + Den floor plan anchored leasing volume, with the 2-Bedroom tier recording 33 closed deals averaging $3,119 per month with a median of $3,100 per month, a P25-P75 range of $3,100 to $3,200 per month, an average square footage of 750 square feet at $4.16 per square foot, and 29 days on market as a statistically robust benchmark. The 1-Bedroom + Den floor plan recorded 18 closed leases averaging $2,423 per month with a median of $2,400 per month, a P25-P75 range of $2,392 to $2,500 per month, an average square footage of 580 square feet at $4.20 per square foot, and 31 days on market as a statistically robust benchmark. The 1-Bedroom layout accounted for 9 closed leases averaging $2,187 per month with a median of $2,150 per month, a P25-P75 range of $2,100 to $2,250 per month, an average square footage of 427 square feet at $5.18 per square foot, and 32 days on market as a moderate sample. The 2-Bedroom + Den floor plan represented an individual single transaction of 1 closed lease at $3,600 per month with a median of $3,600 per month, a P25-P75 range of $3,600 to $3,600 per month, an average square footage of 950 square feet at $3.79 per square foot, and 11 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 50 at Wellesley Station?

At 50 at Wellesley Station, realized parking premiums averaged a verified $166 per month when attached to lease agreements. Parking privileges were frequently bundled into larger multi-bedroom floor plans. Active asking data contained insufficient paired samples to isolate unbundled parking costs independently.

How does the lease-to-listing ratio at 50 at Wellesley Station reflect current tenant demand?

At 50 at Wellesley Station, monthly average rents climbed steadily from spring through late summer alongside accelerating leasing velocity. April recorded 3 closed deals averaging $2,483 per month at $4.16 per square foot over 25 days on market. May captured 13 closed leases averaging $2,655 per month at $4.33 per square foot over 39 days on market. June reached 23 closed transactions averaging $2,807 per month at $4.34 per square foot over 34 days on market. July achieved 17 closed deals averaging $2,853 per month at $4.27 per square foot over 23 days on market. August concluded the peak summer stretch with 5 closed leases averaging $2,960 per month at $4.45 per square foot over 9 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.

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)
2026-04-271825916054.3631
2026-04-281626376154.3831
2026-04-291626376154.3832
2026-04-301626376154.3833
2026-05-011727326444.3129
2026-05-021627536434.3428
2026-05-031828246664.3126
2026-05-041828246664.3127
2026-05-051828666774.3027
2026-05-061928446764.2727
2026-05-071928446764.2728
2026-05-081928446764.2729
2026-05-091828666834.2630
2026-05-101729166914.2928
2026-05-111829266944.2828
2026-05-121829266944.2829
2026-05-131629617094.2227
2026-05-141628796904.2127
2026-05-151628796904.2128
2026-05-161828696864.2326
2026-05-171928896894.2325
2026-05-181828786864.2427
2026-05-191729066944.2328
2026-05-201729597144.1525
2026-05-211729597144.1526
2026-05-221928746814.2824
2026-05-231928746814.2825
2026-05-241828536774.2826
2026-05-251828176664.3023
2026-05-261927876524.3723
2026-05-271828066524.4024
2026-05-281928226584.3924
2026-05-292028366624.3723
2026-05-302028366624.3724
2026-05-312028366624.3725
2026-06-012228306614.3624
2026-06-022429036834.3122
2026-06-032328906804.3123
2026-06-042328906804.3124
2026-06-052228786774.3125
2026-06-062228786774.3126
2026-06-072129006784.3427
2026-06-082028916754.3526
2026-06-091928746714.3627
2026-06-102028766754.3326
2026-06-112028886874.2526
2026-06-122028886874.2527
2026-06-132028886874.2528
2026-06-142028886874.2529
2026-06-152028616774.2729
2026-06-161828346694.2928
2026-06-172027926594.2826
2026-06-181827526494.2926
2026-06-191727856634.2227
2026-06-201628066714.2124
2026-06-211628066714.2125
2026-06-221628066714.2126
2026-06-231628036714.2026
2026-06-241527816654.2123
2026-06-251327796684.1926
2026-06-261127716714.1630
2026-06-271028036794.1534
2026-06-281028036794.1535
2026-06-29927926724.1829
2026-06-301029087004.1824
2026-07-01928876944.1824
2026-07-021029487004.2322
2026-07-03829356884.2926
2026-07-04829356884.2927
2026-07-05729046794.3031
2026-07-06828606634.3428
2026-07-07928766724.3026
2026-07-081029136804.3124
2026-07-09929396944.2422
2026-07-101028706654.3916
2026-07-111028706654.3917
2026-07-12828886694.4122
2026-07-13728866574.4918
2026-07-14728866574.4919
2026-07-15728866574.4920
2026-07-16728796574.4819
2026-07-17829316694.4718
2026-07-18729076574.5114
2026-07-19729076574.5115
2026-07-20729076574.5116
2026-07-21629756584.6314
2026-07-22729506714.5012
2026-07-23628926584.5115
2026-07-24628926584.5116
2026-07-25628926584.5117
2026-07-26628926584.5118
2026-07-27428757004.1418
2026-07-28327676834.0913
2026-07-29227506504.2718
2026-07-30229006504.477
2026-07-31229006504.478
2026-08-01229006504.479
2026-08-02229006504.4710
2026-08-03229006504.4711
2026-08-04328336174.628
2026-08-05328336174.629
2026-08-06229006504.4714
2026-08-07229506504.5411
2026-08-08125005504.5523
2026-08-20129507433.97N/A
2026-08-21129507433.971
2026-08-22129507433.972
2026-08-23129507433.973
2026-08-24129507433.974
2026-08-25129507433.975
2026-08-26129507433.976
2026-08-27232757474.394
2026-08-28136007504.801
2026-08-29136007504.802
2026-08-30136007504.803
2026-08-31136007504.804

12-Month Market Dynamics & Trend Trajectory

50 at Wellesley Station achieved a lifetime leasing volume of 61 completed transactions with an average monthly rent of $2,784 per month, a rate of $4.32 per square foot, and an average suite size of 655 square feet. Properties averaged 29 days on market across the historical timeline, reflecting consistent absorption velocity across typical tenant turnover cycles. Pricing discipline at the building favored prospective renters, with 37.7% of leases securing concessions below asking. Transactions settled with an average monthly discount of $37 per month, or 1.29% under asking price, returning $444 in annual tenant savings and confirming modest tenant negotiation leverage.

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)
2026-04-26222655254.5157
2026-05-03123005504.1817
2026-05-10428256884.2536
2026-05-17325475674.6236
2026-05-24329177174.0642
2026-05-31226005754.6922
2026-06-07427386384.4335
2026-06-14728716714.3644
2026-06-21828956794.2720
2026-06-28528507094.0337
2026-07-05326506174.3135
2026-07-12427636504.2719
2026-07-19229007004.1223
2026-07-26529206804.4421
2026-08-02331176834.584
2026-08-09125005504.5524
2026-08-160N/AN/AN/AN/A
2026-08-23129507433.978

Nearby Building Rental Comparables & Price Spreads

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

50 at Wellesley Station competes directly with a dense cluster of residential towers in the Cabbagetown micro-market, anchored by Vox Condominiums at 28 Wellesley St E (0.02 kilometers away, completed in 2018, with 71 active leases), 22 Condominiums at 22 Wellesley St E (0.06 kilometers away, completed in 2008, with 7 active leases), Terrace Court at 19 Dundonald St (0.08 kilometers away, completed in 1985, with 1 active lease), and Totem Condominium at 17 Dundonald St (0.08 kilometers away, completed in 2019, with 21 active leases). These properties represent distinct structural eras, ranging from established mid-rise developments built in the mid-1980s to modern, high-density glass towers completed in the late 2010s. Across this competitive set, the overall benchmark averages $2,898 per month at $4.31 per square foot across an average suite size of 725 square feet. Positioned as an established 365-suite development completed in 2019, 50 at Wellesley Station aligns closely with the modern micro-market baseline while offering competitive per-square-foot pricing that positions the building advantageously against both older alternatives and hyper-dense contemporary neighbors.

28 Wellesley St E, Toronto

Avg Asking$2,466/mo
Avg $/SF$4.83
Rent Spread:
-$1,134/mo (-31.5%) Lower

22 Wellesley St E, Toronto

Avg Asking$2,700/mo
Avg $/SF$4.40
Rent Spread:
-$900/mo (-25.0%) Lower

19 Dundonald St, Toronto

Avg Asking$4,000/mo
Avg $/SF$3.28
Rent Spread:
+$400/mo (+11.1%) Higher

17 Dundonald St, Toronto

Avg Asking$2,583/mo
Avg $/SF$4.34
Rent Spread:
-$1,017/mo (-28.2%) Lower

8 Wellesley St E, Toronto

Avg Asking$2,997/mo
Avg $/SF$4.78
Rent Spread:
-$603/mo (-16.8%) Lower

555 Yonge St, Toronto

Avg Asking$2,348/mo
Avg $/SF$4.04
Rent Spread:
-$1,252/mo (-34.8%) Lower

Comparable Analysis & Questions

How do rental rates at 50 at Wellesley Station compare to neighbouring buildings within Cabbagetown?

50 at Wellesley Station achieves an average lease rent of $2,784 per month, sitting moderately below the overall comparative set average of $2,898 per month against key benchmarks such as Vox Condominiums and Totem Condominium. Individual competitor metrics reflect diverse pricing structures across the immediate micro-market: Vox Condominiums (28 Wellesley St E) records an average lease rent of $2,532 per month at $5.05 per square foot across an average of 515 square feet; 22 Condominiums (22 Wellesley St E) logs an average lease rent of $2,621 per month at $4.50 per square foot across 601 square feet; Terrace Court (19 Dundonald St) reports an average lease rent of $4,000 per month at $3.28 per square foot across a much larger 1,220 square feet; and Totem Condominium (17 Dundonald St) posts an average lease rent of $2,440 per month at $4.42 per square foot across 565 square feet.

Does 50 at Wellesley Station offer a competitive price-per-square-foot ($/SF) against local comparables?

50 at Wellesley Station delivers a compelling value proposition, trading at an average of $4.32 per square foot across a mean suite size of 655 square feet compared to the broader submarket baseline of $4.23 per square foot. Renters evaluating the building versus Vox Condominiums benefit from a lower rate per square foot—trading at a $0.73 per square foot (14.5%) discount below Vox's $5.05 per square foot—while enjoying 140 more interior square feet than Vox's 515-square-foot average. Similarly, compared to Totem Condominium at $4.42 per square foot and 565 square feet, the subject building provides 90 more square feet of living space at a slightly more accessible rate per square foot, allowing tenants to secure modern 2019-era construction without sacrificing functional room dimensions.

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

50 at Wellesley Station provides an extensive lifestyle and amenity package that matches or exceeds the offerings found across the immediate Cabbagetown competitor cluster. Signature amenities at the subject property include a 24-hour Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, an Outdoor Pool, and a Sky Lobby. When contrasted with nearby peers, these facilities rival the fitness and social offerings at Vox Condominiums, which features an indoor pool and gym, and 22 Condominiums, which provides a rooftop terrace and hot tub, while significantly outclassing older properties like Terrace Court in contemporary wellness spaces. This robust amenity ecosystem particularly serves urban professionals and couples seeking a comprehensive, high-amenity residential community in downtown Toronto.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around 50 at Wellesley Station.

Building Amenities

  • Concierge & Security
  • Shared Laundry Room
  • Gym & Fitness Centre
  • Yoga Studio
  • Outdoor Pool
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Sky Lobby

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 50 at Wellesley Station.

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.