Market Data as of August 31, 2026
First Home Destination Drive 2 - Building 10 — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
First Home Destination Drive 2 - Building 10, located at 5150 Winston Churchill Blvd in the Mississauga West neighborhood, is an established residential building completed in 2011 by Daniels Corporation with a total of 64 suites. The property currently records 2 active listings, yielding an availability rate of 3.1 percent and an average marketing duration of 25 days on market. Over the trailing 90-day window, the building recorded 0 closed transactions with an average days on market of 0 days, while the 30-day window similarly recorded 0 closed transactions with an average days on market of 0 days.
Active asking rents average $2,300 per month at an average rate of $3.20 per square foot, which trails the broader Mississauga West submarket asking benchmark of $2,685 per month and $3.63 per square foot. Current active inventory averages 719 square feet, positioning the available suites below historical all-time leased averages of 850 square feet while reflecting a lower monthly outlay driven by more compact suite sizing rather than cheaper unit pricing.
Tenant negotiations lean favorable to renters in this submarket, with historical data indicating that 100 percent of past leases closed under asking at an average discount of $50 per month, saving tenants $600 annually with zero delisted units recorded. Inventory selection is currently limited exclusively to 1-Bedroom layouts, leaving zero availability across larger multi-bedroom tiers.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at First Home Destination Drive 2 - Building 10 as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at First Home Destination Drive 2 - Building 10 recently?
First Home Destination Drive 2 - Building 10 maintains 2 active listings as of August 31, 2026, spanning a price range of $2,200 to $2,400 per month with an average and median rent of $2,300 per month. Active suites average 719 square feet at an asking rate of $3.20 per square foot. The 1-Bedroom layout type accounts for 100 percent of current inventory, meaning active listings lean exclusively toward compact, entry-level suites rather than multi-bedroom executive layouts.
What floor plans and unit layouts are currently available at First Home Destination Drive 2 - Building 10?
The dominant active layout at First Home Destination Drive 2 - Building 10 is the 1-Bedroom, which accounts for 2 listings and a 100 percent inventory share. This 1-Bedroom tier features an average rent of $2,300 per month, an average size of 719 square feet, and an average asking rate of $3.20 per square foot across a small selection of available units. There are zero active listings available for 2-Bedroom or larger configurations.
What is the average asking rent and $/SF by suite size at First Home Destination Drive 2 - Building 10?
First Home Destination Drive 2 - Building 10 exhibits a minimum entry rent of $2,200 per month and a peak asking rent of $2,400 per month, creating a dollar spread of $200 and a percentage spread of 9.1 percent. Median asking rent rests at $2,300 per month. The entry-level tier comprises a 1-Bedroom suite spanning 682 square feet at an asking rate of $3.23 per square foot, whereas the peak suite offers a larger 1-Bedroom layout spanning 756 square feet at an asking rate of $3.17 per square foot.
How much extra do parking spaces and dens cost at First Home Destination Drive 2 - Building 10?
First Home Destination Drive 2 - Building 10 has no quantified active den premium data or square footage delta available. Consequently, the marginal cost per square foot for extra den space cannot be calculated from the current dataset. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, and parking fees should not be assumed or overstated.
How do asking rents at First Home Destination Drive 2 - Building 10 compare to local and municipal benchmarks?
First Home Destination Drive 2 - Building 10 lists average asking rents of $2,300 per month at $3.20 per square foot, comparing favorably to the broader Mississauga West submarket asking benchmark of $2,685 per month and $3.63 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing alongside a psf_vs_submarket_asking_pct of -11.8 percent. The building represents a minor share of the submarket's 47 total active listings.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2 | 2625 | 986 | 2.70 | 28 |
| 2026-04-28 | 2 | 2625 | 986 | 2.70 | 29 |
| 2026-04-29 | 2 | 2625 | 986 | 2.70 | 30 |
| 2026-07-26 | 1 | 2400 | 756 | 3.17 | N/A |
| 2026-07-27 | 1 | 2400 | 756 | 3.17 | 1 |
| 2026-07-28 | 1 | 2400 | 756 | 3.17 | 2 |
| 2026-07-29 | 1 | 2400 | 756 | 3.17 | 3 |
| 2026-07-30 | 1 | 2400 | 756 | 3.17 | 4 |
| 2026-07-31 | 1 | 2400 | 756 | 3.17 | 5 |
| 2026-08-01 | 1 | 2400 | 756 | 3.17 | 6 |
| 2026-08-02 | 1 | 2400 | 756 | 3.17 | 7 |
| 2026-08-03 | 1 | 2400 | 756 | 3.17 | 8 |
| 2026-08-04 | 1 | 2400 | 756 | 3.17 | 9 |
| 2026-08-05 | 1 | 2400 | 756 | 3.17 | 10 |
| 2026-08-06 | 1 | 2400 | 756 | 3.17 | 11 |
| 2026-08-07 | 1 | 2400 | 756 | 3.17 | 12 |
| 2026-08-08 | 1 | 2400 | 756 | 3.17 | 13 |
| 2026-08-09 | 1 | 2400 | 756 | 3.17 | 14 |
| 2026-08-10 | 1 | 2400 | 756 | 3.17 | 15 |
| 2026-08-11 | 1 | 2400 | 756 | 3.17 | 16 |
| 2026-08-12 | 1 | 2400 | 756 | 3.17 | 17 |
| 2026-08-13 | 1 | 2400 | 756 | 3.17 | 18 |
| 2026-08-14 | 1 | 2400 | 756 | 3.17 | 19 |
| 2026-08-15 | 1 | 2400 | 756 | 3.17 | 20 |
| 2026-08-16 | 1 | 2400 | 756 | 3.17 | 21 |
| 2026-08-17 | 2 | 2300 | 719 | 3.20 | 11 |
| 2026-08-18 | 2 | 2300 | 719 | 3.20 | 12 |
| 2026-08-19 | 2 | 2300 | 719 | 3.20 | 13 |
| 2026-08-20 | 2 | 2300 | 719 | 3.20 | 14 |
| 2026-08-21 | 2 | 2300 | 719 | 3.20 | 15 |
| 2026-08-22 | 2 | 2300 | 719 | 3.20 | 16 |
| 2026-08-23 | 2 | 2300 | 719 | 3.20 | 17 |
| 2026-08-24 | 2 | 2300 | 719 | 3.20 | 18 |
| 2026-08-25 | 2 | 2300 | 719 | 3.20 | 19 |
| 2026-08-26 | 2 | 2300 | 719 | 3.20 | 20 |
| 2026-08-27 | 2 | 2300 | 719 | 3.20 | 21 |
| 2026-08-28 | 2 | 2300 | 719 | 3.20 | 22 |
| 2026-08-29 | 2 | 2300 | 719 | 3.20 | 23 |
| 2026-08-30 | 2 | 2300 | 719 | 3.20 | 24 |
| 2026-08-31 | 2 | 2300 | 719 | 3.20 | 25 |
12-Month Market Dynamics & Trend Trajectory
First Home Destination Drive 2 - Building 10 has a tracked lifetime volume of 1 closed lease, with an average rent of $2,500 per month and a rate of $2.94 per square foot across an average suite size of 850 square feet. Lifetime days on market averaged 15 days, reflecting steady tenant turnover when units are listed. This Mississauga West property operates with limited rental churn, maintaining a stable 64-suite community profile. Pricing discipline within the building tilted toward tenant leverage, with 100% of transactions closing below asking price. Tenants successfully negotiated an average discount of $50 per month, representing a 1.96% price concession from initial asking rents. This resulted in annualized tenant savings of $600 per year, confirming that landlords adjusted pricing expectations to secure occupancy.
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
First Home Destination Drive 2 - Building 10 is evaluated alongside nearby competitors including First Home Destination Drive located 0.09 kilometers away (completed in 2010 with 2 active listings), First Home Destination Drive 2 - Building 9 located 0.1 kilometers away (completed in 2011 with 2 active listings), 2891 Rio Court Townhomes located 0.27 kilometers away (completed in 2013 with 1 active listing), and [HOT] Condos located 0.38 kilometers away (completed in 2015 with 4 active listings). Built in 2011, the subject property shares its structural era and modern multi-family generation with its immediate Daniels Corporation peers, while bridging the age gap between earlier 2010 developments and newer 2015 builds in the immediate node. Within this competitive micro-market, the overall comparable benchmark registers an average monthly rent of $2,556 per month, an average rate of $2.79 per square foot, and an average suite size of 938 square feet. First Home Destination Drive 2 - Building 10 positions itself competitively within this cluster, offering renters an established build year combined with manageable floor plate options that balance spatial utility against the broader submarket's pricing averages.
5100 Winston Churchill Blvd, Mississauga
5170 Winston Churchill Blvd, Mississauga
Comparable Analysis & Questions
How do rental rates at First Home Destination Drive 2 - Building 10 compare to neighbouring buildings within Mississauga West?
First Home Destination Drive 2 - Building 10 achieved an average lease rent of $2,500 per month, comparing closely against the overall competitive set average of $2,556 per month across nearby properties such as First Home Destination Drive, First Home Destination Drive 2 - Building 9, 2891 Rio Court Townhomes, and [HOT] Condos. Individual nearby benchmarks report distinct leasing metrics: First Home Destination Drive (5100 Winston Churchill Blvd) achieved an average lease rent of $2,725 per month at $2.66 per square foot across an average of 1,025 square feet; First Home Destination Drive 2 - Building 9 (5170 Winston Churchill Blvd) recorded an average lease rent of $2,450 per month at $2.87 per square foot across an average of 875 square feet; 2891 Rio Court Townhomes (2891 Rio Court) logged an average lease rent of $2,675 per month at $2.43 per square foot across an average of 1,100 square feet; and [HOT] Condos (5025 Harvard Rd) realized an average lease rent of $2,375 per month at $3.20 per square foot across an average of 750 square feet.
Does First Home Destination Drive 2 - Building 10 offer a competitive price-per-square-foot ($/SF) against local comparables?
First Home Destination Drive 2 - Building 10 delivers a balanced value proposition, trading at an average leased rate of $2.94 per square foot across an average of 850 square feet against a submarket average of $3.44 per square foot. Renters evaluating the building navigate distinct trade-offs, such as securing a more competitive rate per square foot than newer alternatives like [HOT] Condos at $3.20 per square foot across 750 square feet, while contrasting against larger historical footprints like 2891 Rio Court Townhomes at $2.43 per square foot across 1,100 square feet. This positioning allows tenants to capture functional suite layouts at competitive pricing without absorbing the steeper per-square-foot premiums found in newer inventory.
How do building age, amenities, and developer reputation impact rent spreads?
First Home Destination Drive 2 - Building 10 provides a focused lifestyle and amenity profile anchored by concierge and security services. When contrasted with surrounding properties, the subject building's concierge and security offering matches the baseline security found at [HOT] Condos and First Home Destination Drive 2 - Building 9, while differing from sibling properties like First Home Destination Drive which features an outdoor children's playground, and 2891 Rio Court Townhomes which provides an outdoor BBQ area. Furthermore, properties like First Home Destination Drive 2 - Building 9 and [HOT] Condos offer expanded common elements including indoor pools, fitness centres, and party rooms that outpace the subject building's streamlined amenity package. These building characteristics best serve resident demographics prioritizing fundamental security and a low-maintenance residential environment over extensive recreational facilities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around First Home Destination Drive 2 - Building 10.
Building Amenities
- Concierge & Security
Residential Buildings in the Vicinity
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for First Home Destination Drive 2 - Building 10.
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.
