Condominium — Rental Market Data

Condominium currently features 1 active listing as of August 31, 2026, offering a price range of $2,800 per month with an average and median rent of $2,800 per month. The active inventory spans an average square footage of 1,100 square feet with an asking rate of $2.55 per square foot. The dominant active layout accounts for 100 percent of current inventory, pointing entirely toward large multi-bedroom family suites rather than compact entry-level units.

The 3-Bedroom+ layout serves as the sole active offering at Condominium, representing 1 listing and a 100 percent inventory share. This single available tier features an average asking rent of $2,800 per month across an average of 1,100 square feet at $2.55 per square foot.

Condominium exhibits zero pricing spread across its single active listing, maintaining a minimum entry rent of $2,800 per month and a peak asking rent of $2,800 per month for a dollar and percentage spread of zero. The median asking rent rests at $2,800 per month. The sole entry-level and peak suite is a 3-Bedroom+ layout spanning 1,100 square feet at an asking rate of $2.55 per square foot.

Active den premium data for Condominium is unavailable as the active listing does not feature a quantified den layout or square footage delta. Active parking premium data cannot be reliably isolated due to an insufficient paired sample size, meaning parking fees cannot be accurately determined for the building.

Condominium asks an average rent of $2,800 per month at $2.55 per square foot, contrasting with the Scarborough East submarket asking benchmark of $2,469 per month at $2.90 per square foot. The building's lower nominal rent is driven by more compact suite sizing or specific layout configurations rather than cheaper unit pricing, while the active asking rate per square foot sits 12.1 percent below submarket asking benchmarks across the building's sparse 1 active listing inventory share.

Condominium at 5580 Sheppard Avenue E achieves an all-time average lease rent of $2,100 per month, trading below the overall competitor average of $2,700 per month across key benchmarks including Markham Gardens Townhomes, Presto Towns, and The Wilshire. Individual competitor leasing data shows Markham Gardens Townhomes at 28 Rosebank Drive averaging $3,000 per month at $1.76 per square foot across 1,700 square feet. Presto Towns at 245 Mclevin Avenue records an average lease rent of $2,400 per month at $1.85 per square foot across 1,300 square feet. The Wilshire at 1275 Markham Road E registers an average lease rent of $2,700 per month at $2.08 per square foot across 1,300 square feet. Markham Gardens Condos at 29 Rosebank Drive reports no closed leases in the past 180 days.

Condominium at 5580 Sheppard Avenue E establishes its value proposition through an all-time average leased rate of $2.47 per square foot across an average size of 850 square feet, positioning itself competitively against a submarket average lease rate of $2.75 per square foot. Renters at the subject building trade off newer finish generations and compact layouts for more accessible entry rents, contrasting with larger footprints found at competing sites like Markham Gardens Townhomes at 1,700 square feet leasing at $1.76 per square foot. Meanwhile, newer developments like Presto Towns lease at $1.85 per square foot across 1,300 square feet, and mature alternatives like The Wilshire achieve $2.08 per square foot across 1,300 square feet.

Condominium at 5580 Sheppard Avenue E delivers a robust lifestyle and amenity package that compares favorably against surrounding residential properties in Scarborough East. The subject building distinguishes its common areas with five signature features: a concierge and security service, a dedicated meeting room, a party and lounge room, a games and billiards room, and an outdoor tennis and pickleball court. By comparison, Markham Gardens Townhomes at 28 Rosebank Drive features a concierge and security service, Markham Gardens Condos at 29 Rosebank Drive features a concierge and security service alongside a shared laundry room, and Presto Towns lists no active amenity data. The Wilshire at 1275 Markham Road E provides an extensive amenity suite including a gym and fitness centre, outdoor pool, sauna and steam room, squash and racquetball court, a games and billiards room, a party and lounge room, a meeting room, and a BBQ area. This amenity mix serves budget-conscious families and established renters seeking organized community spaces without paying luxury new-construction premiums.