Market Data as of August 31, 2026
Kingly Condos — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Kingly Condos at 501 Adelaide Street West in Toronto's Downtown West submarket is a 133-suite residential tower developed by Allied Properties and RioCan Living, completed in 2020. As of August 31, 2026, the building is fully occupied with zero units currently listed for rent, representing a 0 percent availability rate. Leasing activity remains modest but consistent: one lease closed in the trailing 30 days at an average of $4,800 per month with a 29-day time on market, while three leases closed over the past 90 days averaging $4,332 per month and a 15-day average days on market.
With no active listings to benchmark, pricing intelligence draws on realized lease data. The trailing 90-day cohort closed at an average of $4,82 per square foot on suites averaging 840 square feet, placing the building's realized rate 5.9 percent above the Downtown West submarket leased benchmark of $4.55 per square foot. The submarket's current asking average sits at $3,080 per month and $4.81 per square foot, meaning Kingly Condos' historical lease pricing already commands a premium over what comparable units are asking across the broader area.
Marketing friction cannot be assessed on active inventory because no units are currently listed, though the single delisted unit in the tracking window sat 64 days on market compared to the submarket average of 20 days, suggesting that when a unit does become available, pricing calibration matters. Across all four tracked closed leases, landlords achieved an average premium of $25 per month, or 0.81 percent above asking, indicating a landlord-favorable negotiation environment. The dominant historical layout is the one-bedroom, and renters seeking availability should monitor the building's listing page or explore the 170 active listings across the wider Downtown West 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 Kingly Condos (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Kingly Condos last month, and how fast did they rent?
Kingly Condos at 501 Adelaide St W recorded a 29-day average DOM on its single 30-day lease closing, compared to a 15-day average over the trailing 90 days and a 20-day Downtown West submarket benchmark. The building closed one lease in the past 30 days, three in the past 90 days, and four over the full trailing year, indicating leasing cadence moderated from a two-lease 90-day window down to a single closing in the most recent month. Lifetime volume of four leases across 133 suites confirms this is a small-sample directional indicator rather than a broad statistical benchmark.
What is the negotiation spread between asking rents and closed lease prices at Kingly Condos?
Kingly Condos tenants paid an average premium of $25 per month (0.81% above asking), generating $300 per year in additional rental revenue for landlords across the four tracked leases. All four transactions settled at or above the listed asking price, reflecting landlord pricing leverage in a tight Downtown West inventory environment. The net negotiation spread of $25 per month is modest but consistent, indicating tenants accepted listed rates without meaningful pushback on price.
What are typical executed lease prices across different layouts at Kingly Condos?
Kingly Condos shows no dominant anchor layout, with each bedroom tier representing exactly one closed lease (25% share) across the four tracked transactions. The 1-Bedroom tier closed at $3,200 per month over 9 days on market, covering 650 square feet at $4.92 per square foot. The 1-Bedroom + Den tier closed at $2,500 per month over 17 days, also at 650 square feet but at a lower $3.85 per square foot rate. The 2-Bedroom tier closed at $4,800 per month over 29 days, spanning 961 square feet at $4.99 per square foot. The 3-Bedroom+ tier closed at $4,995 per month in just 6 days, covering 1,100 square feet at $4.54 per square foot. Each tier represents an individual single transaction, not a broad statistical benchmark.
What measurable rent premium did suites with parking achieve in closed leases at Kingly Condos?
Kingly Condos does not have sufficient paired lease data to isolate a realized parking premium, and the parking component remains inconclusive. Active listing data also shows unreliable or insufficient paired samples for parking valuation, so no defensible monthly parking figure can be quoted. Tenants in this building should treat parking as a bundled or separately negotiated component rather than a transparent market-rate add-on.
How does the lease-to-listing ratio at Kingly Condos reflect current tenant demand?
Kingly Condos rents moved in a wide band from $2,500 in May to $4,800 in August 2026, reflecting suite-mix variation rather than a directional rent trend. In May, one 1-Bedroom + Den closed at $2,500 per month ($3.85 per square foot) over 17 days. June brought a single 3-Bedroom+ closing at $4,995 per month ($4.54 per square foot) in just 6 days. July recorded one 1-Bedroom at $3,200 per month ($4.92 per square foot) over 9 days. August closed a 2-Bedroom at $4,800 per month ($4.99 per square foot) after 29 days on market. The nominal rent drop from June to July reflects the shift to a compact 650-square-foot suite rather than any property devaluation.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Kingly Condos (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Kingly Condos, and what was their re-listing price compared to previous asking?
Kingly Condos logged one delisted unit in the tracked period, representing a 100% delisted-to-30-day-leased ratio (one delisting against one lease) and a 25% ratio against the four lifetime leases. The single delisting was a terminated listing; no expired or suspended listings appeared in the dataset. With zero active listings currently on market, this delisting functions as a narrow friction signal rather than a systemic vacancy carry indicator.
How do asking prices on de-listed suites compare to executed leases and active listings at Kingly Condos?
Kingly Condos' single delisted unit asked $2,250 per month, which is $2,550 per month below the building's realized lease average of $3,874. The delisted listing carried a rate of $5.63 per square foot versus the $4.58 per square foot realized average, indicating the lower nominal asking price reflected a smaller suite footprint rather than a discounted market position. This below-leased spread pattern is consistent with compact units commanding a higher per-square-foot rate while showing a lower absolute dollar figure.
What market friction causes rental listings to stall or de-list at Kingly Condos?
Kingly Condos' delisted unit sat on market for 64 days, compared to the building's 15-day realized lease average DOM, producing 49 excess marketing days. Those 49 days translate to roughly 1.6 months of lost rent at the $2,250 asking rate—approximately $3,670 in foregone revenue—plus ongoing condo maintenance fees during the unrented period. Against the 30-day lease DOM of 29 days, the excess is 35 days, still representing over a month of carrying cost before the listing was terminated.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-05-13 | 1 | 2500 | 650 | 3.85 | N/A |
| 2026-05-14 | 1 | 2500 | 650 | 3.85 | 1 |
| 2026-05-15 | 1 | 2500 | 650 | 3.85 | 2 |
| 2026-05-16 | 1 | 2500 | 650 | 3.85 | 3 |
| 2026-05-17 | 1 | 2500 | 650 | 3.85 | 4 |
| 2026-05-18 | 1 | 2500 | 650 | 3.85 | 5 |
| 2026-05-19 | 1 | 2500 | 650 | 3.85 | 6 |
| 2026-05-20 | 1 | 2500 | 650 | 3.85 | 7 |
| 2026-05-21 | 1 | 2500 | 650 | 3.85 | 8 |
| 2026-05-22 | 1 | 2500 | 650 | 3.85 | 9 |
| 2026-05-23 | 1 | 2500 | 650 | 3.85 | 10 |
| 2026-05-24 | 1 | 2500 | 650 | 3.85 | 11 |
| 2026-05-25 | 1 | 2500 | 650 | 3.85 | 12 |
| 2026-05-26 | 1 | 2500 | 650 | 3.85 | 13 |
| 2026-05-27 | 1 | 2500 | 650 | 3.85 | 14 |
| 2026-05-28 | 1 | 2500 | 650 | 3.85 | 15 |
| 2026-05-29 | 1 | 2500 | 650 | 3.85 | 16 |
| 2026-06-04 | 1 | 4995 | 1100 | 4.54 | N/A |
| 2026-06-05 | 1 | 4995 | 1100 | 4.54 | 1 |
| 2026-06-06 | 1 | 4995 | 1100 | 4.54 | 2 |
| 2026-06-07 | 1 | 4995 | 1100 | 4.54 | 3 |
| 2026-06-08 | 1 | 4995 | 1100 | 4.54 | 4 |
| 2026-06-09 | 1 | 4995 | 1100 | 4.54 | 5 |
| 2026-06-12 | 1 | 2250 | 400 | 5.63 | N/A |
| 2026-06-13 | 1 | 2250 | 400 | 5.63 | 1 |
| 2026-06-14 | 1 | 2250 | 400 | 5.63 | 2 |
| 2026-06-15 | 1 | 2250 | 400 | 5.63 | 3 |
| 2026-06-16 | 1 | 2250 | 400 | 5.63 | 4 |
| 2026-06-17 | 1 | 2250 | 400 | 5.63 | 5 |
| 2026-06-18 | 1 | 2250 | 400 | 5.63 | 6 |
| 2026-06-19 | 1 | 2250 | 400 | 5.63 | 7 |
| 2026-06-20 | 1 | 2250 | 400 | 5.63 | 8 |
| 2026-06-21 | 1 | 2250 | 400 | 5.63 | 9 |
| 2026-06-22 | 1 | 2250 | 400 | 5.63 | 10 |
| 2026-06-23 | 1 | 2250 | 400 | 5.63 | 11 |
| 2026-06-24 | 2 | 2750 | 475 | 5.77 | 6 |
| 2026-06-25 | 2 | 2750 | 475 | 5.77 | 7 |
| 2026-06-26 | 2 | 2750 | 475 | 5.77 | 8 |
| 2026-06-27 | 2 | 2750 | 475 | 5.77 | 9 |
| 2026-06-28 | 2 | 2750 | 475 | 5.77 | 10 |
| 2026-06-29 | 2 | 2750 | 475 | 5.77 | 11 |
| 2026-06-30 | 2 | 2750 | 475 | 5.77 | 12 |
| 2026-07-01 | 2 | 2750 | 475 | 5.77 | 13 |
| 2026-07-02 | 2 | 2750 | 475 | 5.77 | 14 |
| 2026-07-03 | 2 | 2750 | 475 | 5.77 | 15 |
| 2026-07-04 | 2 | 2750 | 475 | 5.77 | 16 |
| 2026-07-05 | 2 | 2750 | 475 | 5.77 | 17 |
| 2026-07-06 | 3 | 2867 | 533 | 5.43 | 12 |
| 2026-07-07 | 3 | 2867 | 533 | 5.43 | 13 |
| 2026-07-08 | 3 | 2867 | 533 | 5.43 | 14 |
| 2026-07-09 | 4 | 3350 | 640 | 5.32 | 11 |
| 2026-07-10 | 4 | 3350 | 640 | 5.32 | 12 |
| 2026-07-11 | 4 | 3350 | 640 | 5.32 | 13 |
| 2026-07-12 | 4 | 3350 | 640 | 5.32 | 14 |
| 2026-07-13 | 4 | 3350 | 640 | 5.32 | 15 |
| 2026-07-14 | 4 | 3350 | 640 | 5.32 | 16 |
| 2026-07-15 | 3 | 3433 | 637 | 5.51 | 20 |
| 2026-07-16 | 3 | 3433 | 637 | 5.51 | 21 |
| 2026-07-17 | 3 | 3433 | 637 | 5.51 | 22 |
| 2026-07-18 | 3 | 3433 | 637 | 5.51 | 23 |
| 2026-07-19 | 3 | 3433 | 637 | 5.51 | 24 |
| 2026-07-20 | 3 | 3433 | 637 | 5.51 | 25 |
| 2026-07-21 | 2 | 3525 | 681 | 5.31 | 26 |
| 2026-07-22 | 2 | 3525 | 681 | 5.31 | 27 |
| 2026-07-23 | 2 | 3525 | 681 | 5.31 | 28 |
| 2026-07-24 | 2 | 3525 | 681 | 5.31 | 29 |
| 2026-07-25 | 2 | 3525 | 681 | 5.31 | 30 |
| 2026-07-26 | 2 | 3525 | 681 | 5.31 | 31 |
| 2026-07-27 | 2 | 3525 | 681 | 5.31 | 32 |
| 2026-07-28 | 2 | 3525 | 681 | 5.31 | 33 |
| 2026-07-29 | 2 | 3525 | 681 | 5.31 | 34 |
| 2026-07-30 | 2 | 3525 | 681 | 5.31 | 35 |
| 2026-07-31 | 2 | 3525 | 681 | 5.31 | 36 |
| 2026-08-01 | 2 | 3525 | 681 | 5.31 | 37 |
| 2026-08-02 | 2 | 3525 | 681 | 5.31 | 38 |
| 2026-08-03 | 2 | 3525 | 681 | 5.31 | 39 |
| 2026-08-04 | 2 | 3525 | 681 | 5.31 | 40 |
| 2026-08-05 | 2 | 3525 | 681 | 5.31 | 41 |
| 2026-08-06 | 2 | 3525 | 681 | 5.31 | 42 |
| 2026-08-07 | 1 | 2250 | 400 | 5.63 | 56 |
| 2026-08-08 | 1 | 2250 | 400 | 5.63 | 57 |
| 2026-08-09 | 1 | 2250 | 400 | 5.63 | 58 |
| 2026-08-10 | 1 | 2250 | 400 | 5.63 | 59 |
| 2026-08-11 | 1 | 2250 | 400 | 5.63 | 60 |
| 2026-08-12 | 1 | 2250 | 400 | 5.63 | 61 |
| 2026-08-13 | 1 | 2250 | 400 | 5.63 | 62 |
| 2026-08-14 | 1 | 2250 | 400 | 5.63 | 63 |
12-Month Market Dynamics & Trend Trajectory
Kingly Condos realized an average rent of $3,874 per month and $4.58 per square foot across four tracked leases, positioning the building $841 per month (27.7%) above the Downtown West submarket average of $3,033 and 5.9% above the submarket's $4.55 per square foot lease rate. The building's 15-day average DOM also outperforms the submarket's 20-day benchmark, suggesting Kingly Condos clears faster than the broader Downtown West pool of 170 active listings. Pricing discipline at Kingly Condos skews landlord-favorable: all four tracked leases closed at or above asking, with an average premium of $25 per month (0.81%) generating $300 per year in incremental revenue. No lease settled below the listed rate, meaning tenants absorbed full asking prices without meaningful negotiation leverage. This pattern indicates landlords in this micro-market face limited pushback on price, particularly given the zero-active-listing inventory snapshot at the data date.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-24 | 1 | 2500 | 650 | 3.85 | 17 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 1 | 4995 | 1100 | 4.54 | 6 |
| 2026-06-14 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-21 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-28 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-05 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-12 | 1 | 3200 | 650 | 4.92 | 9 |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-02 | 1 | 4800 | 961 | 4.99 | 29 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Kingly Condos at 501 Adelaide St W sits in a dense cluster of four active competitor buildings within 120 metres, all of which recorded closed lease transactions over the trailing 180 days. The nearest peer, Musee at 525 Adelaide St W (0.06 km, built in 2017), logged 28 closed leases, followed by oneeleven at 111 Bathurst St (0.1 km, built in 2016) with 13, 123 Portland at 123 Portland St (0.1 km, built in 2024) with 6, and Six50 King West at 650 King St W (0.12 km, built in 2012) with 5. The competitive set spans a decade of construction eras, from the 2012 Six50 King West to the 2024 123 Portland, with Kingly Condos (built in 2020) occupying the middle of that structural range. Against the four-comp benchmark of an average $3,165 monthly rent, $4.87 per square foot, and 667 square feet of interior space, Kingly Condos' realized lease profile of $3,874 per month at $4.58 per square foot across 840 square feet positions the building as a larger-footprint, lower-rate-per-square-foot alternative. The subject's 173-square-foot advantage over the comp average means the higher nominal rent is a function of interior scale rather than a per-unit valuation premium. At $4.58 per square foot, Kingly Condos trades below the comp average of $4.87 per square foot, reinforcing a value proposition anchored in space efficiency for renters prioritizing interior volume over compact, high-rate suites.
Comparable Analysis & Questions
How do rental rates at Kingly Condos compare to neighbouring buildings within Downtown West?
Kingly Condos' average realized lease rent of $3,874 per month exceeds the four-comp benchmark of $3,165 by $709, with the primary drivers being larger suite footprints rather than rate premiums. Musee at 525 Adelaide St W (0.06 km, 28 closed leases) averages $2,739 per month at $4.20 per square foot across 655 square feet; oneeleven at 111 Bathurst St (0.1 km, 13 closed leases) averages $3,821 per month at $6.57 per square foot across 630 square feet; 123 Portland at 123 Portland St (0.1 km, 6 closed leases) averages $3,618 per month at $4.20 per square foot across 825 square feet; and Six50 King West at 650 King St W (0.12 km, 5 closed leases) averages $2,480 per month at $4.52 per square foot across 559 square feet. All four competitors recorded active lease volume over the trailing 180 days, so each provides a realized rent benchmark rather than a zero-transaction architectural reference.
Does Kingly Condos offer a competitive price-per-square-foot ($/SF) against local comparables?
Kingly Condos leases at $4.58 per square foot across an average 840 square feet, placing it below the comp average of $4.87 per square foot while delivering 173 more interior square feet than the 667-square-foot benchmark. Against oneeleven, the subject trades at a $1.99 per square foot (30.3%) discount while providing 210 more interior square feet, meaning the $53 higher monthly rent is entirely a footprint effect rather than a rate premium. Versus Musee, Kingly Condos commands a $0.38 per square foot (9.0%) premium and delivers 185 more square feet, with the $1,135 higher monthly rent reflecting both the rate advantage and the larger interior. Against 123 Portland, the subject carries a $0.38 per square foot (9.0%) premium with 15 additional square feet, and the $256 higher rent is modestly split between rate and size. Six50 King West shows the widest gap: Kingly Condos commands a $0.06 per square foot (1.3%) premium and 281 more square feet, producing a $1,394 higher monthly rent driven almost entirely by the larger footprint.
How do building age, amenities, and developer reputation impact rent spreads?
Kingly Condos offers a ten-feature lifestyle package including a sauna and steam room, business centre, dining room and kitchen, and media and theatre room, positioning it as a full-service residential building within a peer set that ranges from four-amenity to fourteen-amenity profiles. The subject's sauna and steam room, business centre, and dining room and kitchen are absent from oneeleven, while its gym, sauna, BBQ area, and media room are missing from Six50 King West's lean four-amenity offering. Conversely, Musee differentiates with an outdoor pool, hot tub and jacuzzi, yoga studio, garden and courtyard, convenience store, and cabanas—features Kingly Condos does not provide—and 123 Portland adds a pet wash station and EV charging station not found at the subject. The building's amenity mix best serves professionals and small households who prioritize on-site wellness (sauna and steam), remote-work infrastructure (business centre, meeting room), and social dining over aquatic recreation or pet-specific facilities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Kingly Condos.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Party & Lounge Room
- Rooftop Terrace
- Dining Room & Kitchen
- Business Centre
- Meeting Room
- Sauna & Steam Room
- BBQ Area
- Media & Theatre Room
Residential Buildings in the Vicinity
- Musee58 m
- oneeleven101 m
- 123 Portland101 m
- Six50 King West - King Building119 m
- Six50 King West - Bathurst Building130 m
- 543 Richmond138 m
- Fashion House - Adelaide Building158 m
- Thompson Residences161 m
- 533 Richmond165 m
- Adelaide Square184 m
- Fashion House - King Building187 m
- 20 Stewart195 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Kingly Condos.
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.