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Market Data as of August 31, 2026

Musee — Rental Market Data

525 Adelaide St W, Toronto, Ontario M5V 0N7
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
3-Bedroom+
1
$3,997

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2017
Total Suites433
DeveloperPlaza

Musee, located at 525 Adelaide St W in Toronto's Downtown West neighborhood, is a 433-suite established residential building completed in 2017 by Plaza. The tower demonstrates tight inventory with a single active listing representing an availability rate of 0.2%. Over the past 90 days, the building recorded 20 closed leases with an average days on market of 26, while the past 30 days saw 5 closed leases averaging 29 days on market.

Current active inventory features an asking rent of $3,997 per month at $4.70 per square foot for an 850 square foot 3-Bedroom+ suite, which contrasts with realized 90-day leases averaging $2,722 per month at $4.20 per square foot for an average of 655 square feet. Current active listings offer significantly larger layouts than historical lease averages, while the active rate per square foot trades 2.3% below the submarket asking benchmark of $4.81 per square foot.

Marketing friction is evident in unrented units that languished on the market for an average of 94 days before being delisted at an average price of $3,866 per month, which sits $1,437 per month above realized lease averages due to severe overpricing. Realized transactions display tenant-favorable conditions where 17.9% of leases closed under asking, capturing an average monthly discount of $11 per month. Prospective tenants face a severe inventory bottleneck with zero availability in 1-bedroom and 2-bedroom tiers, leaving selection restricted entirely to the single 3-bedroom+ floor plan.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Musee as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units1
-4 (80.0%)
Avg Asking Rent$3,997
+$1,157 (40.7%)
Avg Suite Size850 sf
+190 sf (28.8%)
Avg Days on Market0d
-65d (100.0%)
Avg Asking $/SF$4.70
+$0.46 (10.8%)

Active Market Insights & Questions

How has rental availability changed at Musee recently?

Musee features 1 active listing as of August 31, 2026, with an asking price of $3,997 per month, representing both the minimum and maximum rent for the building. The active inventory consists of 850 square foot units commanding an average asking rate of $4.70 per square foot. The 3-Bedroom+ layout holds a 100% dominant share of current inventory, meaning active listings lean exclusively toward multi-bedroom executive layouts rather than compact entry-level suites.

What floor plans and unit layouts are currently available at Musee?

The 3-Bedroom+ floor plan is the dominant active layout at Musee, accounting for 1 active listing and a 100% share of current inventory. This single-listing tier commands an average asking rent of $3,997 per month across an average of 850 square feet at a rate of $4.70 per square foot. There are zero active listings available in the 1-bedroom and 2-bedroom tiers.

What is the average asking rent and $/SF by suite size at Musee?

Musee exhibits an asking rent range from a minimum entry rent of $3,997 per month to a peak asking rent of $3,997 per month, resulting in a dollar spread of $0 and a percentage spread of 0%. The median asking rent matches this exact figure at $3,997 per month. The entry-level and peak suite is a 3-Bedroom+ layout spanning 850 square feet and pricing out at $4.70 per square foot.

How much extra do parking spaces and dens cost at Musee?

Active den premium data for Musee cannot be reliably isolated due to an insufficient sample size and a null square footage delta. Active parking premium data is similarly inconclusive due to an unreliable outlier or insufficient sample, preventing any reliable isolation of current parking fees. Verified historical parking leases average $249 per month.

How do asking rents at Musee compare to local and municipal benchmarks?

Musee asks an average rent of $3,997 per month at $4.70 per square foot, comparing to the Downtown West submarket asking benchmark of $3,080 per month at $4.81 per square foot. The higher nominal monthly rent is driven by the expansive 850 square foot 3-bedroom suite footprint rather than elevated unit pricing. The building's asking rate per square foot trades 2.3% below the wider submarket asking benchmark, backed by 1 active listing representing a 0.6% 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 Musee (Data period: For the month of August 2026).

Units Leased5
Avg Leased Price$2,429
Avg Leased Size655 sf
Avg Days to Lease29d
Leased $/SF$4.27

Leased Transaction Insights & Questions

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

At Musee, leasing velocity recorded an average of 29 days on market over the past 30 days, 26 days on market over the past 90 days, and a submarket benchmark average of 20 days on market. Closed lease counts tracked 5 units in the 30-day window, 20 units across the 90-day window, and 28 total transactions over the past year. Leasing turnover accelerated significantly through the early summer before moderating into August.

What is the negotiation spread between asking rents and closed lease prices at Musee?

At Musee, rental transactions closed on average at a discount of $11 per month, representing a 0.40% reduction below asking price and delivering $132 in annual tenant savings. Approximately 17.9% of leases closed under asking, reflecting mild tenant-favorable negotiation leverage where landlords made minor pricing concessions to secure occupancy.

What are typical executed lease prices across different layouts at Musee?

Musee's highest-volume anchor layouts are the 1-Bedroom and 1-Bedroom + Den tiers. The 1-Bedroom tier recorded 12 closed leases with an average monthly rent of $2,385 per month and an average of 27 days on market, forming a statistically robust benchmark with a median of $2,388 per month, a P25-P75 range of $2,300 to $2,412 per month, an average size of 550 square feet, and a rate of $4.34 per square foot. The 1-Bedroom + Den tier recorded 8 closed leases with an average monthly rent of $2,722 per month and an average of 25 days on market, representing a moderate sample with a median of $2,750 per month, a P25-P75 range of $2,638 to $2,800 per month, an average size of 675 square feet, and a rate of $4.04 per square foot. The 2-Bedroom tier recorded 7 closed leases with an average monthly rent of $3,129 per month and an average of 16 days on market, delivering a moderate sample with a median of $3,200 per month, a P25-P75 range of $2,788 to $3,338 per month, an average size of 749 square feet, and a rate of $4.18 per square foot. The 3-Bedroom+ tier recorded 1 closed lease with an average monthly rent of $4,400 per month and an average of 8 days on market (note that this represents an individual deal rather than a broad statistical benchmark), featuring a median of $4,400 per month, a P25-P75 range of $4,400 to $4,400 per month, an average size of 1,100 square feet, and a rate of $4.00 per square foot.

What measurable rent premium did suites with parking achieve in closed leases at Musee?

At Musee, verified realized parking premiums averaged $249 per month when explicitly itemized. Parking stalls are routinely bundled into larger multi-bedroom suite agreements, while active asking parking rates remain inconclusive due to insufficient paired sample data.

How does the lease-to-listing ratio at Musee reflect current tenant demand?

At Musee, average monthly rents followed a cyclical trajectory, climbing from spring through mid-summer before adjusting downward in August. In April 2026, 3 units closed at an average rent of $2,767 per month, an average rate of $4.25 per square foot, and 7 days on market. In May 2026, 5 units closed at an average rent of $2,790 per month, an average rate of $4.20 per square foot, and 21 days on market. In June 2026, 6 units closed at an average rent of $2,846 per month, an average rate of $4.08 per square foot, and 23 days on market. In July 2026, peak summer volume saw 9 units close at an average rent of $2,803 per month, an average rate of $4.23 per square foot, and 25 days on market. In August 2026, 5 units closed at an average rent of $2,429 per month, an average rate of $4.27 per square foot, and 29 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Musee (Data period: For the month of August 2026).

Delisted Units3
Avg Asking Price$3,866
Avg Suite Size833 sf
Avg Days on Market94d
Delisted $/SF$4.56

De-Listed Market Analysis & Questions

How many listings de-listed at Musee, and what was their re-listing price compared to previous asking?

At Musee, a total of 3 units were delisted, representing a delisted-to-leased ratio of 60% relative to successful leasing volume. This unrented pool consisted of 2 terminated listings and 1 expired listing, with zero suspensions recorded. This equates to roughly 1 listing pulled or expired for every 1.6 successfully executed leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Musee?

At Musee, unrented units asked an average of $3,866 per month, which is $1,437 per month higher than realized lease averages of $2,429 per month nominally because unrented listings were significantly overpriced relative to successfully leased inventory.

What market friction causes rental listings to stall or de-list at Musee?

At Musee, delisted units sat on the market for an average of 94 days compared to 29 days for realized leases. This 65-day excess marketing window translates directly to over two months of lost rental income and ongoing maintenance carrying costs resulting from severe overpricing.

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
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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)
2026-04-27434508134.2024
2026-04-28433757884.2523
2026-04-29532807804.1719
2026-04-30631337584.0917
2026-05-01631337584.0918
2026-05-02631337584.0919
2026-05-03631337584.0920
2026-05-04631337584.0921
2026-05-05730147294.1119
2026-05-06730147294.1120
2026-05-07730147294.1121
2026-05-08929067004.1317
2026-05-09929067004.1318
2026-05-10929067004.1319
2026-05-11929067004.1320
2026-05-12929067004.1321
2026-05-13829507064.1621
2026-05-14929227004.1620
2026-05-15629587084.1319
2026-05-16629587084.1320
2026-05-17629587084.1321
2026-05-18629587084.1322
2026-05-19530107204.1327
2026-05-20530107204.1328
2026-05-21530107204.1329
2026-05-22530107204.1330
2026-05-23530107204.1331
2026-05-24530107204.1332
2026-05-25530107204.1333
2026-05-26530107204.1334
2026-05-27629507084.1229
2026-05-28629507084.1230
2026-05-29928506784.1821
2026-05-30928506784.1822
2026-05-31928506784.1823
2026-06-01928506784.1824
2026-06-02928506784.1825
2026-06-031028536754.2023
2026-06-04928476674.2423
2026-06-05928476674.2424
2026-06-06928476674.2425
2026-06-07928476674.2426
2026-06-081028086554.2624
2026-06-091028086554.2625
2026-06-101128076644.2124
2026-06-111128076644.2125
2026-06-121128076644.2126
2026-06-131128076644.2127
2026-06-141128076644.2128
2026-06-151327836544.2524
2026-06-161227816464.2927
2026-06-171127736454.2829
2026-06-181027306354.2831
2026-06-191027306354.2832
2026-06-201027306354.2833
2026-06-211027306354.2834
2026-06-22927446334.3134
2026-06-23927446334.3135
2026-06-24927446334.3136
2026-06-25927446334.3137
2026-06-26927446334.3138
2026-06-27927446334.3139
2026-06-28927446334.3140
2026-06-29927446334.3141
2026-06-30928226444.3541
2026-07-01829566814.3041
2026-07-021129776954.2830
2026-07-031129776954.2831
2026-07-041129776954.2832
2026-07-051030307104.2634
2026-07-061030307104.2635
2026-07-07930117064.2639
2026-07-08930117064.2640
2026-07-09930117064.2641
2026-07-10828506564.3047
2026-07-11927896444.2942
2026-07-12927896444.2943
2026-07-13729076714.2844
2026-07-14729076714.2845
2026-07-15628086584.2252
2026-07-16429756884.2665
2026-07-17530397004.2953
2026-07-18530397004.2954
2026-07-19530397004.2955
2026-07-20530397004.2956
2026-07-21530397004.2957
2026-07-22530397004.2958
2026-07-23530397004.2959
2026-07-24530397004.2960
2026-07-25530397004.2961
2026-07-26530397004.2962
2026-07-27530397004.2963
2026-07-28528406604.2462
2026-07-29528406604.2463
2026-07-30528406604.2464
2026-07-31528406604.2465
2026-08-01528406604.2466
2026-08-02528406604.2467
2026-08-03528406604.2468
2026-08-04528406604.2469
2026-08-05528406604.2470
2026-08-06727786434.2951
2026-08-07727786434.2952
2026-08-08628416584.2755
2026-08-09628416584.2756
2026-08-10524495904.1739
2026-08-11324165834.1741
2026-08-12324165834.1742
2026-08-13324165834.1743
2026-08-14324165834.1744
2026-08-15223506003.9463
2026-08-16223506003.9464
2026-08-17223506003.9465
2026-08-18223506003.9466
2026-08-19234007504.4356
2026-08-20234007504.4357
2026-08-21234007504.4358
2026-08-22234007504.4359
2026-08-23234007504.4360
2026-08-24234007504.4361
2026-08-25234007504.4362
2026-08-26234007504.4363
2026-08-27234007504.4364
2026-08-28234007504.4365
2026-08-29234007504.4366
2026-08-30234007504.4367
2026-08-31139978504.70N/A

12-Month Market Dynamics & Trend Trajectory

Musee has established a consistent leasing history with a lifetime volume of 28 closed transactions averaging $2,739 per month. Suites average 655 square feet at a rate of $4.20 per square foot, maintaining a lifetime average of 23 days on market that reflects steady tenant turnover within the Downtown West submarket. Pricing discipline at the building exhibits mild tenant leverage, with 17.9% of transactions securing concessions below asking. Tenants successfully negotiated an average discount of $11 per month, equivalent to a 0.40% reduction that saved occupants $132 annually and proved that overambitious landlord pricing faces immediate pushback from prospective renters.

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
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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)
2026-05-10428136754.2125
2026-05-17127006504.155
2026-05-240N/AN/AN/AN/A
2026-05-31128007503.7336
2026-06-070N/AN/AN/AN/A
2026-06-14329587174.1413
2026-06-21126006504.0045
2026-06-28226256004.3824
2026-07-05332257994.0714
2026-07-12424315754.2436
2026-07-190N/AN/AN/AN/A
2026-07-26133757504.5011
2026-08-02124005504.3637
2026-08-09324825834.2629
2026-08-16123005504.1822

Nearby Building Rental Comparables & Price Spreads

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

Musee at 525 Adelaide St W is situated directly alongside a competitive set of downtown condominium towers, including oneeleven at 111 Bathurst St (0.05 km away, completed in 2016, with 13 active listings), Kingly Condos at 501 Adelaide St W (0.06 km away, completed in 2020, with 4 active listings), Six50 King West - Bathurst Building at 95 Bathurst St (0.08 km away, completed in 2012, with 4 active listings), and Six50 King West - King Building at 650 King St W (0.09 km away, completed in 2012, with 5 active listings). Built in 2017, Musee represents the mid-decade structural generation of the Downtown West submarket, positioning it squarely between the earlier 2012 completions of Six50 King West and the post-2016 wave of newer builds like Kingly Condos. Across this immediate micro-market, the overall comparable benchmark averages $3,256 per month at $4.93 per square foot across an average suite size of 682 square feet. Within this competitive landscape, Musee maintains a strong value position, operating at a rate of $4.20 per square foot across an average footprint of 655 square feet. This places the building's cost efficiency below the broader comp average while aligning closely with the historical delivery standards of the Adelaide and Bathurst corridor.

111 Bathurst St, Toronto

Avg Asking$3,380/mo
Avg $/SF$5.69
Rent Spread:
-$617/mo (-15.4%) Lower

501 Adelaide St W, Toronto

Avg Asking$3,287/mo
Avg $/SF$4.84
Rent Spread:
-$710/mo (-17.8%) Lower

95 Bathurst St, Toronto

Avg Asking$3,894/mo
Avg $/SF$6.69
Rent Spread:
-$104/mo (-2.6%) Lower

650 King St W, Toronto

Avg Asking$2,542/mo
Avg $/SF$4.49
Rent Spread:
-$1,455/mo (-36.4%) Lower

140 Bathurst St, Toronto

Avg Asking$2,448/mo
Avg $/SF$4.45
Rent Spread:
-$1,549/mo (-38.7%) Lower

629 King St W/38 Stewart St, Toronto

Avg Asking$2,663/mo
Avg $/SF$4.77
Rent Spread:
-$1,335/mo (-33.4%) Lower

Comparable Analysis & Questions

How do rental rates at Musee compare to neighbouring buildings within Downtown West?

Musee achieves an average lease rent of $2,739 per month, comparing favorably against the overall comp average of $3,256 per month across key benchmarks such as oneeleven and Kingly Condos. At 111 Bathurst St, oneeleven reports an average lease rent of $3,821 per month at $6.57 per square foot across an average of 630 square feet. At 501 Adelaide St W, Kingly Condos commands an average lease rent of $3,874 per month at $4.58 per square foot across an average of 840 square feet. Further down the competitive set, the Six50 King West - Bathurst Building at 95 Bathurst St records an average lease rent of $2,850 per month at $4.05 per square foot across 700 square feet, while the Six50 King West - King Building at 650 King St W averages $2,480 per month at $4.52 per square foot across 559 square feet.

Does Musee offer a competitive price-per-square-foot ($/SF) against local comparables?

Musee establishes its value proposition by trading at $4.20 per square foot across an average layout of 655 square feet, offering a competitive economic alternative to newer and more densely priced local inventory. Renters at Musee evaluate trade-offs between modern building age and layout efficiency, frequently securing lower square-foot rates than those found at the adjacent oneeleven, which prices at $6.57 per square foot across 630 square feet, and Kingly Condos, which asks $4.58 per square foot across larger 840-square-foot footprints. While older alternatives like Six50 King West - Bathurst Building trade slightly lower at $4.05 per square foot across 700 square feet, Musee balances its 2017 construction era with a central Downtown West position that undercuts the submarket's active asking average of $4.81 per square foot.

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

Musee delivers a comprehensive wellness and lifestyle amenity package that outpaces many immediate peers in the Downtown West submarket. Residents enjoy an extensive suite selection featuring an outdoor pool, a yoga studio, a sauna and steam room, cabanas, and a rooftop terrace, contrasting sharply with the more limited social configurations found at Six50 King West - King Building, which restricts its offering to a gym, garden, and rooftop terrace. Furthermore, while oneeleven offers a rooftop terrace, party room, and dining room, it lacks the dedicated water features and wellness facilities embedded at Musee. This amenity profile particularly serves urban professionals and fitness-oriented residents seeking resort-style common spaces within walking distance of King West.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Musee.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Outdoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Convenience Store
  • Cabanas

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Musee.

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.