Market Data as of August 31, 2026
Residences at 555 Yonge — Rental Market Data
Last Lease
StudioBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Residences at 555 Yonge, a 120-suite tower at 555 Yonge Street in Toronto's Downtown Core, was completed in 1996 by Geranium Homes & Graywood Developments. As of August 31, 2026, the building is fully occupied with zero units currently listed for rent, representing a 0 percent availability rate. Recent leasing activity shows two closed leases in the trailing 30 days at an average of $2,550 per month with a 30-day average days on market, and seven closed leases over the trailing 90 days averaging $2,440 per month with an 18-day average DOM.
With no active listings to benchmark, the building's pricing picture rests entirely on realized lease data. The trailing 90-day average lease rate of $3.92 per square foot sits 12.5 percent below the Downtown Core submarket lease benchmark of $4.48 per square foot, and the all-time average of $3.93 per square foot across 623 square feet of average suite size confirms a consistently value-oriented pricing position. The submarket asking benchmark of $4.56 per square foot and $3,471 per month further underscores that this building's realized rents trade at a meaningful discount to broader Downtown Core asking levels.
Marketing friction is effectively absent on the delisting side, with zero delisted, terminated, or expired listings recorded across the tracking period. However, because no active listings exist, active days-on-market cannot be calculated, and prospective renters face a hard constraint: all 120 suites are occupied. The building's tracked closed transactions show landlords achieved an average premium of $11 per month (0.44 percent above asking) across all nine leases, indicating balanced market leverage with no meaningful tenant discount. Renters seeking comparable one-bedroom inventory in the Downtown Core should direct their search toward the 224 active listings available across the broader 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 Residences at 555 Yonge (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Residences at 555 Yonge last month, and how fast did they rent?
Residences at 555 Yonge closed two leases in the trailing 30 days at an average 30-day DOM, matching the Downtown Core submarket benchmark of 21 days. Over the 90-day window, seven leases cleared in an average of 18 days, and the full one-year (and lifetime) record shows nine closings at a 21-day average DOM. Leasing cadence accelerated into summer: the 30-day DOM of 30 days is elevated versus the 90-day average of 18, suggesting the most recent pair of leases required longer marketing, while the broader 90-day and lifetime figures confirm a steady, if modest, absorption pace for a 120-suite building.
What is the negotiation spread between asking rents and closed lease prices at Residences at 555 Yonge?
Residences at 555 Yonge landlords closed leases at an average premium of $11 per month (0.44% above asking), generating $132 per year in additional rental revenue per unit. This is a balanced-leverage outcome: tenants paid at or slightly above the listed rate, and no tracked lease settled below asking. The 0.44% spread is narrow, indicating landlords held firm on pricing while tenants accepted the sticker price with minimal pushback.
What are typical executed lease prices across different layouts at Residences at 555 Yonge?
The 1-Bedroom layout dominates Residences at 555 Yonge's lease book with six closed deals at an average $2,180 per month and a 19-day DOM, while the 2-Bedroom tier recorded two closings at an average $3,200 per month over 27 days. The 1-Bedroom sample (6 leases) is a statistically robust benchmark: median rent $2,175, P25–P75 range $2,150 to $2,238, average size 558 square feet at $3.91 per square foot. The 2-Bedroom tier (2 leases) is a limited sample and serves as a directional indicator only: median $3,200, P25–P75 range $3,150 to $3,250, average size 929 square feet at $3.48 per square foot. The Studio tier represents an individual single transaction, not a broad statistical benchmark: one lease at $2,000 per month for 400 square feet at $5.00 per square foot, cleared in 16 days.
What measurable rent premium did suites with parking achieve in closed leases at Residences at 555 Yonge?
Residences at 555 Yonge carries a verified leased parking premium of $137 per month, confirming that parking is bundled into the suite rent rather than listed as a standalone add-on. Active-listing parking data is inconclusive due to an unreliable outlier or insufficient paired sample, so no active asking-rate comparison can be drawn. Tenants at this building effectively pay the $137 monthly premium as part of their all-in suite cost, and landlords recover that value without a separate parking line item.
How does the lease-to-listing ratio at Residences at 555 Yonge reflect current tenant demand?
Residences at 555 Yonge shows a volatile but broadly stable rent trajectory across the May-to-August 2026 window, with monthly averages swinging between $2,175 and $2,550. May closed two leases at $2,200 per month ($4.00 per square foot, 28-day DOM). June saw three closings at $2,543 per month ($3.92 per square foot, 14-day DOM), reflecting a mix shift toward larger suites that pulled the per-square-foot rate down. July recorded two leases at $2,175 per month ($3.79 per square foot, 13-day DOM); the lower nominal rent and lower per-square-foot rate both point to larger average footprints rather than any devaluation. August closed two leases at $2,550 per month ($4.04 per square foot, 30-day DOM), the highest monthly average and the longest marketing window in the tracked period.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2200 | 550 | 4.00 | 16 |
| 2026-04-28 | 2 | 2200 | 550 | 4.00 | 17 |
| 2026-04-29 | 2 | 2200 | 550 | 4.00 | 18 |
| 2026-04-30 | 2 | 2200 | 550 | 4.00 | 19 |
| 2026-05-01 | 2 | 2200 | 550 | 4.00 | 20 |
| 2026-05-02 | 2 | 2200 | 550 | 4.00 | 21 |
| 2026-05-03 | 2 | 2200 | 550 | 4.00 | 22 |
| 2026-05-04 | 1 | 2150 | 550 | 3.91 | 19 |
| 2026-05-05 | 1 | 2150 | 550 | 3.91 | 20 |
| 2026-05-06 | 1 | 2150 | 550 | 3.91 | 21 |
| 2026-05-07 | 1 | 2150 | 550 | 3.91 | 22 |
| 2026-05-08 | 1 | 2150 | 550 | 3.91 | 23 |
| 2026-05-09 | 1 | 2150 | 550 | 3.91 | 24 |
| 2026-05-10 | 1 | 2150 | 550 | 3.91 | 25 |
| 2026-05-11 | 1 | 2150 | 550 | 3.91 | 26 |
| 2026-05-12 | 1 | 2150 | 550 | 3.91 | 27 |
| 2026-05-13 | 1 | 2150 | 550 | 3.91 | 28 |
| 2026-05-14 | 1 | 2150 | 550 | 3.91 | 29 |
| 2026-05-19 | 1 | 2080 | 550 | 3.78 | N/A |
| 2026-05-20 | 1 | 2080 | 550 | 3.78 | 1 |
| 2026-05-21 | 1 | 2080 | 550 | 3.78 | 2 |
| 2026-05-22 | 1 | 2080 | 550 | 3.78 | 3 |
| 2026-05-23 | 1 | 2080 | 550 | 3.78 | 4 |
| 2026-05-24 | 1 | 2080 | 550 | 3.78 | 5 |
| 2026-05-25 | 1 | 2080 | 550 | 3.78 | 6 |
| 2026-05-26 | 1 | 2080 | 550 | 3.78 | 7 |
| 2026-05-27 | 1 | 2080 | 550 | 3.78 | 8 |
| 2026-05-28 | 1 | 2080 | 550 | 3.78 | 9 |
| 2026-05-29 | 1 | 2080 | 550 | 3.78 | 10 |
| 2026-05-30 | 1 | 2080 | 550 | 3.78 | 11 |
| 2026-05-31 | 1 | 2080 | 550 | 3.78 | 12 |
| 2026-06-01 | 2 | 2540 | 700 | 3.66 | 7 |
| 2026-06-02 | 2 | 2540 | 700 | 3.66 | 8 |
| 2026-06-03 | 2 | 2540 | 700 | 3.66 | 9 |
| 2026-06-04 | 2 | 2540 | 700 | 3.66 | 10 |
| 2026-06-05 | 3 | 2443 | 650 | 3.80 | 7 |
| 2026-06-06 | 3 | 2443 | 650 | 3.80 | 8 |
| 2026-06-07 | 3 | 2443 | 650 | 3.80 | 9 |
| 2026-06-08 | 3 | 2443 | 650 | 3.80 | 10 |
| 2026-06-09 | 2 | 2625 | 700 | 3.81 | 6 |
| 2026-06-10 | 2 | 2625 | 700 | 3.81 | 7 |
| 2026-06-11 | 1 | 2250 | 550 | 4.09 | 6 |
| 2026-06-12 | 1 | 2250 | 550 | 4.09 | 7 |
| 2026-06-13 | 1 | 2250 | 550 | 4.09 | 8 |
| 2026-06-14 | 1 | 2250 | 550 | 4.09 | 9 |
| 2026-06-15 | 1 | 2250 | 550 | 4.09 | 10 |
| 2026-06-16 | 1 | 2250 | 550 | 4.09 | 11 |
| 2026-06-26 | 1 | 2150 | 600 | 3.58 | N/A |
| 2026-06-27 | 1 | 2150 | 600 | 3.58 | 1 |
| 2026-06-28 | 1 | 2150 | 600 | 3.58 | 2 |
| 2026-06-29 | 1 | 2150 | 600 | 3.58 | 3 |
| 2026-06-30 | 1 | 2150 | 600 | 3.58 | 4 |
| 2026-07-01 | 1 | 2150 | 600 | 3.58 | 5 |
| 2026-07-02 | 1 | 2150 | 600 | 3.58 | 6 |
| 2026-07-03 | 1 | 2150 | 600 | 3.58 | 7 |
| 2026-07-04 | 1 | 2150 | 600 | 3.58 | 8 |
| 2026-07-05 | 1 | 2150 | 600 | 3.58 | 9 |
| 2026-07-06 | 1 | 2150 | 600 | 3.58 | 10 |
| 2026-07-07 | 1 | 2150 | 600 | 3.58 | 11 |
| 2026-07-08 | 1 | 2150 | 600 | 3.58 | 12 |
| 2026-07-15 | 1 | 3300 | 1008 | 3.27 | N/A |
| 2026-07-16 | 2 | 2750 | 779 | 3.64 | 1 |
| 2026-07-17 | 2 | 2750 | 779 | 3.64 | 2 |
| 2026-07-18 | 2 | 2750 | 779 | 3.64 | 3 |
| 2026-07-19 | 2 | 2750 | 779 | 3.64 | 4 |
| 2026-07-20 | 2 | 2750 | 779 | 3.64 | 5 |
| 2026-07-21 | 2 | 2750 | 779 | 3.64 | 6 |
| 2026-07-22 | 2 | 2750 | 779 | 3.64 | 7 |
| 2026-07-23 | 2 | 2750 | 779 | 3.64 | 8 |
| 2026-07-24 | 2 | 2750 | 779 | 3.64 | 9 |
| 2026-07-25 | 2 | 2750 | 779 | 3.64 | 10 |
| 2026-07-26 | 2 | 2750 | 779 | 3.64 | 11 |
| 2026-07-27 | 2 | 2750 | 779 | 3.64 | 12 |
| 2026-07-28 | 2 | 2750 | 779 | 3.64 | 13 |
| 2026-07-29 | 1 | 3300 | 1008 | 3.27 | 14 |
| 2026-07-30 | 1 | 3300 | 1008 | 3.27 | 15 |
| 2026-07-31 | 1 | 3300 | 1008 | 3.27 | 16 |
| 2026-08-01 | 1 | 3300 | 1008 | 3.27 | 17 |
| 2026-08-02 | 1 | 3300 | 1008 | 3.27 | 18 |
| 2026-08-03 | 1 | 3300 | 1008 | 3.27 | 19 |
| 2026-08-04 | 1 | 3300 | 1008 | 3.27 | 20 |
| 2026-08-05 | 1 | 3300 | 1008 | 3.27 | 21 |
| 2026-08-06 | 1 | 3300 | 1008 | 3.27 | 22 |
| 2026-08-07 | 1 | 3300 | 1008 | 3.27 | 23 |
| 2026-08-08 | 1 | 3300 | 1008 | 3.27 | 24 |
| 2026-08-09 | 1 | 3300 | 1008 | 3.27 | 25 |
| 2026-08-10 | 1 | 3300 | 1008 | 3.27 | 26 |
| 2026-08-11 | 1 | 3300 | 1008 | 3.27 | 27 |
| 2026-08-12 | 2 | 2650 | 704 | 4.14 | 14 |
| 2026-08-13 | 2 | 2650 | 704 | 4.14 | 15 |
| 2026-08-14 | 2 | 2650 | 704 | 4.14 | 16 |
| 2026-08-15 | 2 | 2650 | 704 | 4.14 | 17 |
| 2026-08-16 | 2 | 2650 | 704 | 4.14 | 18 |
| 2026-08-17 | 2 | 2650 | 704 | 4.14 | 19 |
| 2026-08-18 | 2 | 2650 | 704 | 4.14 | 20 |
| 2026-08-19 | 2 | 2650 | 704 | 4.14 | 21 |
| 2026-08-20 | 2 | 2650 | 704 | 4.14 | 22 |
| 2026-08-21 | 2 | 2650 | 704 | 4.14 | 23 |
| 2026-08-22 | 2 | 2650 | 704 | 4.14 | 24 |
| 2026-08-23 | 2 | 2650 | 704 | 4.14 | 25 |
| 2026-08-24 | 2 | 2650 | 704 | 4.14 | 26 |
| 2026-08-25 | 2 | 2650 | 704 | 4.14 | 27 |
| 2026-08-26 | 2 | 2650 | 704 | 4.14 | 28 |
| 2026-08-27 | 2 | 2650 | 704 | 4.14 | 29 |
12-Month Market Dynamics & Trend Trajectory
Residences at 555 Yonge realized an average lease rent of $2,387 per month and $3.93 per square foot across nine lifetime closings, sitting $544 per month (18.6%) below the Downtown Core submarket average of $2,931 and 12.5% below the submarket's $4.48 per-square-foot benchmark. The building's 623-square-foot average suite size is consistent with a compact Downtown Core product, and the per-square-foot discount suggests tenants are trading a location premium for a more affordable entry point within the submarket's 224 active listings. On pricing discipline, landlords at Residences at 555 Yonge closed every tracked lease at or above asking, capturing an average premium of $11 per month (0.44%) and $132 per year in additional revenue per unit. No lease settled below the listed rate, and the balanced-leverage classification indicates tenants accepted asking prices with minimal pushback. This is a landlord-favourable negotiation environment where the building's below-submarket pricing already provides sufficient value to prevent discounting.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-03 | 1 | 2250 | 550 | 4.09 | 26 |
| 2026-05-10 | 1 | 2150 | 550 | 3.91 | 30 |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 2 | 2690 | 700 | 3.83 | 16 |
| 2026-06-14 | 1 | 2250 | 550 | 4.09 | 12 |
| 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 | 1 | 2150 | 600 | 3.58 | 13 |
| 2026-07-12 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-19 | 0 | N/A | N/A | N/A | N/A |
| 2026-07-26 | 1 | 2200 | 550 | 4.00 | 13 |
| 2026-08-02 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 2 | 2550 | 704 | 4.04 | 30 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Residences at 555 Yonge (555 Yonge St, built in 1996) sits in a tight cluster of four nearby rental buildings within 110 metres. Three of those peers show active lease volume over the trailing 180 days: 8 Wellesley East at 8 Wellesley St E (0.05 km, built in 1997) closed 72 leases; 11 Wellesley on the Park at 11 Wellesley St W (0.09 km, built in 2021) closed 113 leases; and 22 Condominiums at 22 Wellesley St E (0.11 km, built in 2008) closed 7 leases. The fourth building, 8 Wellesley at 8 Wellesley St W (0.09 km, completed in 2025), recorded zero closed leases in the same window and functions solely as an architectural and amenity reference rather than a pricing benchmark. The active peer set therefore spans a 24-year construction range from the late-1990s to 2021, while the zero-volume 8 Wellesley represents the newest generation of product on this block. Across the three active competitors, the overall comp benchmark averages $2,821 per month in realized rent, $4.77 per square foot, and 609 square feet of interior space. Residences at 555 Yonge's all-time leased average of $2,387 per month and $3.93 per square foot places it below every active peer on both rate and total monthly cost, while its 623-square-foot average suite footprint edges out the comp mean by 14 square feet. Against the Downtown Core submarket lease benchmark of $2,931 per month and $4.48 per square foot, the subject building trades at a meaningful discount on both axes, a gap consistent with its 1996 construction date and the absence of newer-generation lifestyle features such as indoor pools or golf simulators found in the 2021 and 2025 buildings nearby.
Comparable Analysis & Questions
How do rental rates at Residences at 555 Yonge compare to neighbouring buildings within Downtown Core?
Residences at 555 Yonge's all-time average realized lease rent of $2,387 per month sits $434 below the overall comp benchmark of $2,821, with every active competitor pricing above the subject. 8 Wellesley East (8 Wellesley St E, 0.05 km, 72 closed leases) averages $3,004 per month at $4.77 per square foot across 654 square feet, placing the subject $617 lower on a monthly basis. 11 Wellesley on the Park (11 Wellesley St W, 0.09 km, 113 closed leases) averages $2,838 per month at $5.03 per square foot across 572 square feet, leaving the subject $451 lower monthly. 22 Condominiums (22 Wellesley St E, 0.11 km, 7 closed leases) averages $2,621 per month at $4.50 per square foot across 601 square feet, a $234 monthly gap in the comp's favour. 8 Wellesley (8 Wellesley St W, 0.09 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.
Does Residences at 555 Yonge offer a competitive price-per-square-foot ($/SF) against local comparables?
Residences at 555 Yonge leases at $3.93 per square foot across an average 623-square-foot suite, a rate that trades at a discount below all three active nearby competitors and the $4.77 per-square-foot comp average. Against 8 Wellesley East, the subject offers a $0.84 per-square-foot (17.6%) discount while providing 31 fewer interior square feet, meaning the lower monthly rent reflects both a smaller footprint and a lower unit rate. Versus 11 Wellesley on the Park, the subject trades at a $1.10 per-square-foot (21.9%) discount yet delivers 51 more interior square feet, so the nominal rent gap is driven by the larger interior footprint compounding the per-square-foot discount rather than a smaller unit. Against 22 Condominiums, the subject offers a $0.57 per-square-foot (12.7%) discount while providing 22 more interior square feet, again widening the total monthly savings through a bigger suite at a lower rate. In every active comparison, the subject's lower monthly rent is a function of both a reduced per-square-foot rate and, in two of three cases, a larger interior footprint rather than a smaller one.
How do building age, amenities, and developer reputation impact rent spreads?
Residences at 555 Yonge offers a nine-feature amenity suite—concierge and security, gym and fitness centre, sauna and steam room, party and lounge room, meeting room, games and billiards room, rooftop terrace, garden and courtyard, and BBQ area—that covers the core lifestyle categories present at every active peer while adding a games and billiards room and a dedicated garden and courtyard that 8 Wellesley East (6 amenities) and 22 Condominiums (8 amenities) do not provide. The two newer buildings, however, introduce aquatic and wellness features absent from the subject: 11 Wellesley on the Park includes an indoor pool, hot tub and jacuzzi, yoga studio, media and theatre room, pet wash station, and relaxing room; 8 Wellesley (zero-volume reference) adds a golf simulator, business centre, dining room and kitchen, pet wash station, and dog run. The subject's package—centred on fitness, social gathering, remote-work meeting space, and outdoor courtyard access without aquatic or pet-specific infrastructure—best serves cost-conscious young professionals and small households in the Downtown Core who prioritize a well-maintained, mid-rise residential experience with practical common spaces over resort-style recreational amenities.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Residences at 555 Yonge.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Sauna & Steam Room
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- Rooftop Terrace
- Garden & Courtyard
- BBQ Area
Residential Buildings in the Vicinity
- 8 Wellesley East45 m
- 11 Wellesley on the Park94 m
- 8 Wellesley95 m
- 22 Condominiums107 m
- Teahouse - North Tower125 m
- The Cosmopolitan129 m
- Vox Condominiums143 m
- Totem Condominium144 m
- Century Plaza144 m
- Biltmore Apartments149 m
- 50 at Wellesley Station151 m
- Terrace Court163 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Residences at 555 Yonge.
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.