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Market Data as of August 31, 2026

Chedoke Heights — Rental Market Data

555 Sanatorium Road, Hamilton, Ontario L9C 2B1
Quick Rent Estimate
Active Suites7 Available
Type
Units
Avg Rent
1-Bedroom
3
$2,500
1-Bedroom + Den
2
$2,600

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year CompletedRecent
Total Suites211
DeveloperStarward Homes

Chedoke Heights at 555 Sanatorium Road is an established residential building situated in Hamilton Mountain, developed by Starward Homes and completed in 2026. The property contains 211 total suites, maintaining an active inventory of 5 listings which translates to an availability rate of 2.4 percent. Over the trailing 90-day period, the building logged 2 closed transactions with an average days on market of 53, while the 30-day period recorded 0 closed transactions with an average days on market of 0.

Active asking rents average $2,540 per month at a rate of $3.21 per square foot across an average footprint of 841 square feet, compared to realized 90-day leases averaging $2,625 per month at $2.58 per square foot across 1,075 square feet. Current active inventory skews toward more compact layouts than historical leases, bringing monthly asking outlays below recent closed figures while pushing the active rate per square foot 13.8 percent above the submarket asking benchmark of $2.82 per square foot.

Marketing friction is evidenced by a closed days on market average of 53 days, with tenants securing concessions by negotiating an average discount of $150 per month, or 5.46 percent below asking, across 100.0 percent of recent leases. Prospective renters will find limited selection constrained to 1-Bedroom and 1-Bedroom + Den tiers, offering active counts of 3 and 2 units respectively.

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Active Rental Inventory & Asking Rates

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

Active Units5
0
Avg Asking Rent$2,540
$0
Avg Suite Size841 sf
0 sf
Avg Days on Market117d
+31d (28.2%)
Avg Asking $/SF$3.21
$0.00

Active Market Insights & Questions

How has rental availability changed at Chedoke Heights recently?

Chedoke Heights features 5 active listings as of August 31, 2026, offering a price range of $2,500 to $2,700 per month, an average asking rent of $2,540 per month, and a median asking rent of $2,500 per month. Active suites average 841 square feet at an asking rate of $3.21 per square foot. The 1-Bedroom layout commands a dominant 60.0 percent share of active inventory, indicating that current availability leans toward more compact entry-level suites rather than multi-bedroom executive floor plans.

What floor plans and unit layouts are currently available at Chedoke Heights?

The dominant active layout at Chedoke Heights is the 1-Bedroom tier, accounting for 3 active listings and a 60 percent share of the available inventory. The 1-Bedroom tier averages $2,500 per month with a median of $2,500 per month across an average size of 703 square feet at $3.63 per square foot. The 1-Bedroom + Den tier accounts for 2 active listings representing a 40 percent share, averaging $2,600 per month at $2.58 per square foot across an average of 1,047 square feet.

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

Chedoke Heights exhibits a minimum entry rent of $2,500 per month and a peak asking rent of $2,700 per month, creating a dollar spread of $200 and a percentage spread of 8 percent. The median asking rent rests at $2,500 per month. The entry-level suite consists of a 1-Bedroom layout spanning 610 square feet at $4.10 per square foot, whereas the peak suite comprises a 1-Bedroom + Den layout offering 1,274 square feet at $2.12 per square foot.

How much extra do parking spaces and dens cost at Chedoke Heights?

Chedoke Heights commands an active den premium of $100 per month for an additional 344 square feet of space. This extra den area incurs a marginal cost of $0.29 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

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

Chedoke Heights asks an average rent of $2,540 per month at $3.21 per square foot, comparing against Hamilton Mountain submarket benchmarks of $1,737 per month and $2.82 per square foot. The higher nominal monthly rent is paired with a rate per square foot that stands 13.8 percent above the submarket asking benchmark, supported by the building's inventory representing 13.5 percent of the 37 total active submarket 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.

Suite Filters
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Chart Metrics
Max 2 Plotted
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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)
2026-04-27627009573.0575
2026-04-28627009573.0576
2026-04-29627009573.0577
2026-04-30627009573.0578
2026-05-01627009573.0579
2026-05-02627009573.0580
2026-05-03627009573.0581
2026-05-04627009573.0582
2026-05-05426259593.0883
2026-05-061026109183.0517
2026-05-071026109183.0518
2026-05-081026109183.0519
2026-05-091026109183.0520
2026-05-101026109183.0521
2026-05-111026109183.0522
2026-05-121026109183.0523
2026-05-131026109183.0524
2026-05-141026109183.0525
2026-05-151026109183.0526
2026-05-161026109183.0527
2026-05-171026109183.0528
2026-05-181026109183.0529
2026-05-191026109183.0530
2026-05-201026109183.0531
2026-05-211026109183.0532
2026-05-221026109183.0533
2026-05-231026109183.0534
2026-05-241026109183.0535
2026-05-251026109183.0536
2026-05-261026109183.0537
2026-05-271026109183.0538
2026-05-281026109183.0539
2026-05-291026109183.0540
2026-05-301026109183.0541
2026-05-311026109183.0542
2026-06-011026109183.0543
2026-06-021026109183.0544
2026-06-031026109183.0545
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2026-07-02825509322.9978
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2026-07-08825509322.9984
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2026-07-10825509322.9986
2026-07-11825509322.9987
2026-07-12825509322.9988
2026-07-13825509322.9989
2026-07-14725578793.1493
2026-07-15725578793.1494
2026-07-16725578793.1495
2026-07-17725578793.1496
2026-07-18725578793.1497
2026-07-19725578793.1498
2026-07-20725578793.1499
2026-07-21725578793.14100
2026-07-22725578793.14101
2026-07-23725578793.14102
2026-07-24725578793.14103
2026-07-25725578793.14104
2026-07-26725578793.14105
2026-07-27725578793.14106
2026-07-28725578793.14107
2026-07-29725578793.14108
2026-07-30725578793.14109
2026-07-31725578793.14110
2026-08-01725578793.14111
2026-08-02725578793.14112
2026-08-03725578793.14113
2026-08-04725578793.14114
2026-08-05725578793.14115
2026-08-06725578793.14116
2026-08-07725578793.14117
2026-08-08725578793.14118
2026-08-09725578793.14119
2026-08-10725578793.14120
2026-08-11725578793.14121
2026-08-12725578793.14122
2026-08-13725578793.14123
2026-08-14725578793.14124
2026-08-15725578793.14125
2026-08-16725578793.14126
2026-08-17725578793.14127
2026-08-18725578793.14128
2026-08-19725578793.14129
2026-08-20725578793.14130
2026-08-21725578793.14131
2026-08-22725578793.14132
2026-08-23725578793.14133
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2026-08-25725578793.14135
2026-08-26725578793.14136
2026-08-27725578793.14137
2026-08-28725578793.14138
2026-08-29725578793.14139
2026-08-30725578793.14140
2026-08-31725578793.14141

12-Month Market Dynamics & Trend Trajectory

Chedoke Heights at 555 Sanatorium Road has recorded a total lifetime leasing volume of 2 transactions across its initial occupancy lifecycle, achieving an overall average lease rent of $2,625 per month at an average rate of $2.58 per square foot. The average suite size across completed leases stands at 1,075 square feet, accompanied by a lifetime average days on market of 53 days as tenant turnover establishes baseline metrics for the Starward Homes development on Hamilton Mountain. Pricing discipline during this initial leasing phase favored incoming occupants, with 100% of transactions closing below initial asking rents. Tenants successfully captured an average monthly discount of $150 or 5.46% off asking prices, translating to $1,800 in annual tenant savings and reflecting landlord concessions designed to secure initial occupancy velocity in the building.

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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
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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)
2026-06-07127508503.2437
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-121250013001.9269

Nearby Building Rental Comparables & Price Spreads

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

Chedoke Heights at 555 Sanatorium Road is evaluated alongside a competitive set comprising Scenic Trails at 1 Redfern Ave (0.19 kilometers away, completed in 2021 with 4 active listings), 244 Upper Paradise at 244 Upper Paradise Road (0.51 kilometers away, completed in 2026 with 0 active listings), 77 Leland at 77 Leland St (1.87 kilometers away, completed in 2020 with 18 active listings), and Urban West at 427 Aberdeen Ave (2.24 kilometers away, completed in 2013 with 1 active listing). These properties span diverse structural generations, ranging from mature mid-rise developments built in 2013 to newly constructed buildings delivering in 2026. Across the micro-market, the overall comparable benchmark registers an average lease rent of $2,101 per month at an average rate of $3.66 per square foot across an average suite size of 605 square feet. Positioned as a newly completed 2026 development with 211 total suites, Chedoke Heights offers expansive floor plans that trade at lower rates per square foot than several older, hyper-dense comparables, reflecting modern construction efficiencies and generous spatial value.

1 Redfern Ave, Hamilton

Avg Asking$2,292/mo
Avg $/SF$3.41
Rent Spread:
-$265/mo (-10.4%) Lower

244 Upper Paradise Road, Hamilton

Avg Asking$1,795/mo
Avg $/SF$2.56
Rent Spread:
-$762/mo (-29.8%) Lower
77 Leland1.9 km

77 Leland St, Hamilton

Avg Asking$1,834/mo
Avg $/SF$4.55
Rent Spread:
-$723/mo (-28.3%) Lower

427 Aberdeen Ave, Hamilton

Avg Asking$2,233/mo
Avg $/SF$2.85
Rent Spread:
-$324/mo (-12.7%) Lower

57 Mericourt Road, Hamilton

Avg Asking$1,950/mo
Avg $/SF$2.60
Rent Spread:
-$607/mo (-23.7%) Lower

37 Mericourt Road, Hamilton

Avg Asking$1,968/mo
Avg $/SF$3.17
Rent Spread:
-$589/mo (-23.0%) Lower

Comparable Analysis & Questions

How do rental rates at Chedoke Heights compare to neighbouring buildings within Hamilton Mountain?

Chedoke Heights achieves an average lease rent of $2,625 per month, comparing against an overall comparable market average of $2,101 per month across benchmark properties including Scenic Trails, 77 Leland, and Urban West. Scenic Trails (1 Redfern Ave) reports an average lease rent of $2,238 per month at $3.35 per square foot across an average of 669 square feet. 77 Leland (77 Leland St) averages $1,866 per month at $4.71 per square foot across a compact 396 square feet. Urban West (427 Aberdeen Ave) records an average lease rent of $2,200 per month at $2.93 per square foot across an average footprint of 750 square feet. Meanwhile, 244 Upper Paradise (244 Upper Paradise Road) maintains zero closed leases in the past 180 days, precluding active lease rent comparisons.

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

Chedoke Heights positions itself in the Hamilton Mountain submarket by delivering generous average suite sizes of 1,075 square feet at a leased rate of $2.58 per square foot, providing a compelling value proposition compared to smaller, high-density alternatives. Renters trade hyper-urban micro-units for expansive layouts, modern 2026 construction finishes, and lower utility burdens per square foot. While compact legacy comps like 77 Leland achieve $4.71 per square foot across 396 square feet, and mid-tier buildings like Scenic Trails command $3.35 per square foot across 669 square feet, Chedoke Heights undercuts the broader submarket's dense pricing pressure by offering substantially larger square footage at a more accessible square-foot basis.

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

Chedoke Heights delivers a focused lifestyle and amenity profile featuring a Gym & Fitness Centre and a Shared Laundry Room, aligning with the core functional needs of its residents. When contrasted against nearby competitors, Scenic Trails offers an extensive lifestyle package including a yoga studio, games and billiards room, media and theatre room, party and lounge room, meeting room, BBQ area, garden and courtyard, pet wash station, and wine room. Urban West provides outdoor space through a rooftop terrace, BBQ area, and a dining room and kitchen, whereas 77 Leland features a concierge and security service alongside shared laundry. Chedoke Heights best serves value-conscious residents and working professionals who prioritize functional on-site fitness and spacious modern floor plans over elaborate recreational facilities.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Chedoke Heights.

Building Amenities

  • Gym & Fitness Centre
  • Shared Laundry Room

Data Methodology & Analytical Standards

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

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.