500 Dawes — Rental Market Data

500 Dawes features 14 active listings as of August 31, 2026, with asking rents ranging from $1,595 to $1,995 per month, averaging $1,766 per month and a median of $1,795 per month. Active suites average 579 square feet with an average asking rate of $3.17 per square foot. The inventory is heavily anchored by 1-Bedroom floor plans which account for 57.1% of all current availability, reflecting a strong concentration of compact, entry-level rental product.

The dominant active layout at 500 Dawes is the 1-Bedroom tier, which accounts for 8 listings and a 57.1% inventory share with an average asking rent of $1,795 per month across an average of 625 square feet at $2.89 per square foot. Studio units represent 4 listings or 28.6% of the active market, averaging $1,595 per month across 400 square feet at $3.99 per square foot. Two-Bedroom suites comprise the remaining 2 listings or 14.3% of available inventory, asking an average of $1,995 per month across 750 square feet at $2.66 per square foot.

At 500 Dawes, active asking rents range from a minimum entry rent of $1,595 per month to a peak asking rent of $1,995 per month, creating a dollar spread of $400 and a percentage spread of 25.1%. The median asking rent stands at $1,795 per month across all active units. The entry-level tier is anchored by Studio suites averaging 400 square feet at an asking rate of $3.99 per square foot, while the peak tier is represented by 2-Bedroom suites averaging 750 square feet at an asking rate of $2.66 per square foot.

Active den premium data for 500 Dawes is currently unavailable as active listings do not feature quantified den layouts or distinct square footage deltas. Consequently, marginal cost per square foot for additional den space cannot be calculated from current market data. Furthermore, active parking premiums cannot be reliably isolated due to insufficient paired sample data, meaning parking stall costs remain inconclusive.

Asking rents at 500 Dawes average $1,766 per month at $3.17 per square foot, comparing to the broader East York submarket asking benchmark of $2,211 per month at $3.08 per square foot. The lower nominal monthly outlay at the building is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot exceeds the submarket asking benchmark by 2.9%, supported by 14 active listings representing 25.5% of total submarket inventory.

500 Dawes records an active average asking rent of $1,766 per month, positioning it alongside local alternatives such as Monterey Park at 11 Glenburn Avenue, which averages $2,098 per month at $2.81 per square foot across 750 square feet, and Crescent Town at 5 Massey Square, which averages $2,300 per month at $2.42 per square foot across 950 square feet. Additional nearby properties include Dawes Apartments at 508 Dawes Road and Goodland Gardens Apartments at 75 Eastdale Avenue, both of which currently report no active lease metrics in the dataset.

500 Dawes establishes its value proposition through an average active asking rate of $3.17 per square foot across compact suite footprints averaging 579 square feet, comparing against a broader micro-market average of $2.62 per square foot across 850 square feet. Renters at 500 Dawes trade down in overall square footage to secure lower absolute monthly housing costs—averaging $1,766 per month—while gaining manageable layouts compared to larger, older footprint alternatives like Crescent Town at 950 square feet or Monterey Park at 750 square feet.

500 Dawes delivers a practical lifestyle and amenity profile anchored by a shared laundry room, an outdoor children's playground, controlled access, and a property manager on site. When contrasted against larger competitive peers, 500 Dawes provides essential community-focused conveniences, whereas properties like Crescent Town at 5 Massey Square offer extensive recreational infrastructure including a concierge and security, shared laundry room, car wash bay, gym and fitness centre, indoor pool, hot tub and jacuzzi, sauna and steam room, basketball court, tennis and pickleball court, squash and racquetball court, party and lounge room, meeting room, games and billiards room, day care, and jogging track, and Goodland Gardens Apartments at 75 Eastdale Avenue features a concierge and security, shared laundry room, gym and fitness centre, and party and lounge room. This amenity lineup at 500 Dawes serves budget-conscious renters, small households, and individuals seeking straightforward, accessible building management over extensive resort-style recreational facilities.