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Market Data as of August 31, 2026

Via Bloor - Tower 2 — Rental Market Data

585 Bloor St E, Toronto, Ontario M4W 0B3
Quick Rent Estimate
Active Suites2 Available
Type
Units
Avg Rent
3-Bedroom+
2
$4,350

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2023
Total Suites388
DeveloperTridel

Via Bloor – Tower 2 at 585 Bloor Street East in Cabbagetown is a 388-suite residential tower completed by Tridel in 2023, and as of August 31, 2026, it carries just two active listings, representing a 0.5 percent availability rate. Leasing velocity remains healthy: 11 closed leases in the trailing 30 days at an average 28 days on market, and 23 closed leases over the past 90 days averaging 21 days on market, both figures tracking close to the building's lifetime average of 26 days.

The two active suites are asking an average of $4,350 per month at a blended rate of $3.90 per square foot across an average footprint of 1,125 square feet. That per-square-foot rate sits below the building's 90-day realized lease rate of $4.02 per square foot, even though the nominal asking rent is roughly $1,362 higher than the 90-day average closed lease of $2,988. The gap is entirely a function of suite size: current listings average 1,125 square feet compared to the 743-square-foot average across all tracked historical leases, meaning the active inventory skews toward larger, multi-bedroom executive layouts rather than the compact one-bedroom-plus-den units that dominated past closings. Against the broader Cabbagetown submarket asking benchmark of $3,178 per month at $4.33 per square foot, Via Bloor Tower 2's active rate per square foot is 9.9 percent more competitive.

Marketing friction is a modest concern: the 30-day average days on market for active listings exceeds the submarket benchmark of 22 days by eight days, and the 28-day closed-lease DOM for the trailing month also runs above that threshold, signaling a slight leasing deceleration even as the building records zero delistings, expirations, or terminations. Across all 29 tracked closed transactions, tenants negotiated an average concession of $32 per month, or 1.01 percent below asking, with 34.5 percent of leases closing under the initial list price. Inventory depth is extremely thin: both available units are three-bedroom-plus layouts, leaving zero one-bedroom or two-bedroom options for renters seeking smaller footprints in this tower.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Via Bloor - Tower 2 as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units2
-8 (80.0%)
Avg Asking Rent$4,350
+$1,296 (42.4%)
Avg Suite Size1,125 sf
+360 sf (47.1%)
Avg Days on Market30d
+9d (44.9%)
Avg Asking $/SF$3.90
-$0.18 (4.5%)

Active Market Insights & Questions

How has rental availability changed at Via Bloor - Tower 2 recently?

Via Bloor – Tower 2 has two active listings as of August 31, 2026, with asking rents ranging from $3,900 to $4,800 per month, an average of $4,350, and a median of $4,350. Both suites average 1,125 square feet at a blended asking rate of $3.90 per square foot, and 100 percent of the active inventory falls into the three-bedroom-plus tier. The current listing pool leans squarely toward large multi-bedroom executive layouts, with no compact entry-level or two-bedroom units available.

What floor plans and unit layouts are currently available at Via Bloor - Tower 2?

The sole active layout at Via Bloor – Tower 2 is the three-bedroom-plus tier, accounting for both available units and 100 percent of active inventory. Each of the two suites averages 1,125 square feet at $4,350 per month and $3.90 per square foot, with the smaller unit at 950 square feet asking $3,900 ($4.11 per square foot) and the larger at 1,300 square feet asking $4,800 ($3.69 per square foot). No one-bedroom, two-bedroom, or studio units are currently listed in this tower.

What is the average asking rent and $/SF by suite size at Via Bloor - Tower 2?

Via Bloor – Tower 2 shows a $900 spread between its minimum entry rent of $3,900 and peak asking rent of $4,800, a 23.1 percent range across the two active listings. The median asking rent sits at $4,350 per month. The entry-level suite is a 950-square-foot three-bedroom-plus layout priced at $4.11 per square foot, while the peak suite offers 1,300 square feet in the same bedroom tier at a more efficient $3.69 per square foot.

How much extra do parking spaces and dens cost at Via Bloor - Tower 2?

Active den premiums and square-footage deltas for Via Bloor – Tower 2 cannot be quantified from the current two-listing sample, as no paired den versus non-den comparison is available. Verified historical lease data does confirm a parking stall premium of $59 per month across closed transactions, but active parking add-on costs cannot be reliably isolated from the current listing sample due to insufficient paired data.

How do asking rents at Via Bloor - Tower 2 compare to local and municipal benchmarks?

Via Bloor – Tower 2's active asking rate of $3.90 per square foot is 9.9 percent below the Cabbagetown submarket asking benchmark of $4.33 per square foot, even though the nominal average rent of $4,350 per month exceeds the submarket asking average of $3,178. That nominal premium is fully explained by suite size: the active listings average 1,125 square feet, well above the compact footprints that drive the submarket's lower average rent. The building's two active units represent 2 out of 106 available listings in the Cabbagetown submarket, a 1.9 percent share of total 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 Via Bloor - Tower 2 (Data period: For the month of August 2026).

Units Leased11
Avg Leased Price$2,822
Avg Leased Size743 sf
Avg Days to Lease28d
Leased $/SF$4.19

Leased Transaction Insights & Questions

How many suites were leased at Via Bloor - Tower 2 last month, and how fast did they rent?

Via Bloor - Tower 2 closed 11 leases in the trailing 30 days at an average DOM of 28, against a Cabbagetown submarket benchmark of 22 days. Over the prior 90 days, 23 leases transacted at a faster average DOM of 21. The full-year and lifetime total stands at 29 closed leases, indicating leasing cadence accelerated sharply into August after a thin spring start.

What is the negotiation spread between asking rents and closed lease prices at Via Bloor - Tower 2?

Via Bloor - Tower 2 tenants negotiated an average discount of $32 per month (1.01% below asking), translating to $384 in annual savings per unit across tracked leases. 34.5% of all 29 closed leases settled below the listed asking price, confirming measurable tenant leverage in this submarket. Landlords absorbed modest concessions rather than holding firm at sticker price, a pattern consistent with a tenant-favorable negotiation environment.

What are typical executed lease prices across different layouts at Via Bloor - Tower 2?

The two highest-volume anchor layouts at Via Bloor - Tower 2 are the 1-Bedroom + Den (9 leases, average $2,503 per month, DOM 32) and the 3-Bedroom+ (7 leases, average $3,864 per month, DOM 16). The 2-Bedroom tier closed 6 leases at an average of $3,175 per month (median $3,150, P25-P75 range $3,150 to $3,188), averaging 849 square feet at $3.74 per square foot with a DOM of 24. The 1-Bedroom tier is a limited sample of 4 leases, averaging $2,431 per month (median $2,415, P25-P75 $2,360 to $2,486) across 626 square feet at $3.94 per square foot, DOM 34. Studios form a small sample of 3 leases at $2,000 per month (median $2,000, P25-P75 $1,950 to $2,050), 400 square feet at $5.00 per square foot, DOM 23.

What measurable rent premium did suites with parking achieve in closed leases at Via Bloor - Tower 2?

Via Bloor - Tower 2 carries a verified leased parking premium of $59 per month, confirmed across paired lease records where parking was bundled into the suite rent. Active asking parking data is inconclusive due to insufficient paired samples, so no reliable comparison can be drawn between realized and current asking parking rates at this building.

How does the lease-to-listing ratio at Via Bloor - Tower 2 reflect current tenant demand?

Via Bloor - Tower 2 rents climbed from $2,550 in April to a June peak of $3,175 before settling at $2,822 in August across 29 tracked leases. April saw 1 closed deal at $2,550 per month ($3.92 per square foot, DOM 21). May brought 5 deals at $2,616 per month ($3.86 per square foot, DOM 50). June recorded 4 deals at $3,175 per month ($3.89 per square foot, DOM 12). July closed 8 deals at $3,123 per month ($3.85 per square foot, DOM 16). August surged to 11 deals at $2,822 per month ($4.19 per square foot, DOM 28). The August nominal rent drop relative to June and July reflects a shift toward compact suite footprints rather than property devaluation, as the rate per square foot actually rose to $4.19.

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)
2026-04-27728617243.9738
2026-04-28728617243.9739
2026-04-29830797714.0035
2026-04-30830797714.0036
2026-05-01830797714.0037
2026-05-02830797714.0038
2026-05-03830797714.0039
2026-05-04830797714.0040
2026-05-05932037914.0537
2026-05-06734148194.1823
2026-05-07832807984.1114
2026-05-08832807984.1115
2026-05-09832807984.1116
2026-05-10832807984.1117
2026-05-11831247434.2312
2026-05-12831247434.2313
2026-05-13831247434.2314
2026-05-14831247434.2315
2026-05-15831247434.2316
2026-05-16831247434.2317
2026-05-17831247434.2318
2026-05-18831247434.2319
2026-05-19628736664.3322
2026-05-20728416644.2920
2026-05-21728416644.2921
2026-05-22728416644.2922
2026-05-23728416644.2923
2026-05-24728416644.2924
2026-05-25629987084.2226
2026-05-26629987084.2227
2026-05-27629987084.2228
2026-05-28629987084.2229
2026-05-29729346994.1726
2026-05-30729346994.1727
2026-05-31831307494.1625
2026-06-011030797504.1020
2026-06-021030797504.1021
2026-06-031030797504.1022
2026-06-041132547814.1421
2026-06-051032597754.1824
2026-06-06931217384.1927
2026-06-07931217384.1928
2026-06-08831807494.2031
2026-06-09932277724.1628
2026-06-10932277724.1629
2026-06-11833688064.1427
2026-06-12833688064.1428
2026-06-13833688064.1429
2026-06-14833688064.1430
2026-06-15833688064.1431
2026-06-16833688064.1432
2026-06-17833688064.1433
2026-06-18833688064.1434
2026-06-19833688064.1435
2026-06-20833688064.1436
2026-06-21734848294.1839
2026-06-22734848294.1840
2026-06-23833557944.2136
2026-06-24833557944.2137
2026-06-25833557944.2138
2026-06-26833557944.2139
2026-06-27732347714.1838
2026-06-28732347714.1839
2026-06-29732347714.1840
2026-06-30729346934.3030
2026-07-01932327744.2424
2026-07-02932327744.2425
2026-07-03933548084.2322
2026-07-041133908254.1819
2026-07-051133908254.1820
2026-07-061034908424.2317
2026-07-071034908424.2318
2026-07-081134008254.1917
2026-07-091134008254.1918
2026-07-101133097974.2117
2026-07-111133097974.2118
2026-07-121133097974.2119
2026-07-131233298104.1718
2026-07-141333508214.1418
2026-07-151332807984.1718
2026-07-161432107814.1718
2026-07-171331737664.1919
2026-07-181331737664.1920
2026-07-191331737664.1921
2026-07-201332657974.1515
2026-07-211432648014.1215
2026-07-221532568044.1015
2026-07-231532568044.1016
2026-07-241130007534.0613
2026-07-251130007534.0614
2026-07-261130007534.0615
2026-07-271130007534.0616
2026-07-281130007534.0617
2026-07-291130007534.0618
2026-07-301130007534.0619
2026-07-311030557654.0821
2026-08-011030557654.0822
2026-08-021030557654.0823
2026-08-031030557654.0824
2026-08-041030557654.0825
2026-08-05931227894.0424
2026-08-06931227894.0425
2026-08-07931227894.0426
2026-08-08730357574.1128
2026-08-09629337254.1531
2026-08-10429497134.2837
2026-08-11528596794.3430
2026-08-12528596794.3431
2026-08-13528596794.3432
2026-08-14528596794.3433
2026-08-15528596794.3434
2026-08-16528596794.3435
2026-08-17528396794.2926
2026-08-18429006874.3625
2026-08-19328006324.5619
2026-08-20328006324.5620
2026-08-21328006324.5621
2026-08-22328006324.5622
2026-08-23229506754.5528
2026-08-24229506754.5529
2026-08-25139009504.1152
2026-08-26139009504.1153
2026-08-27139009504.1154
2026-08-28139009504.1155
2026-08-292435011253.9028
2026-08-302435011253.9029
2026-08-312435011253.9030

12-Month Market Dynamics & Trend Trajectory

Via Bloor - Tower 2 realized an average lease of $2,909 per month at $3.99 per square foot across 29 tracked leases, positioning the building roughly 10% above the Cabbagetown submarket average rent of $2,636 while pricing about 5.7% below the submarket's $4.23 per square foot benchmark. This combination signals that the building commands a nominal rent premium over local peers but delivers that value through larger average suite footprints (743 square feet) rather than a higher density rate. On pricing discipline, 34.5% of all 29 closed leases settled below asking, with tenants capturing an average monthly discount of $32 (1.01%) and $384 in annualized savings per unit. The net negotiation spread of -$32 per month confirms a tenant-favorable environment where landlords conceded modestly rather than holding at sticker, a pattern consistent with competitive pressure across the Cabbagetown rental corridor.

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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
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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)
2026-05-03224406933.5688
2026-05-10131508453.7347
2026-05-17131508463.7212
2026-05-24119004004.7514
2026-05-31238509753.935
2026-06-07125506503.9219
2026-06-140N/AN/AN/AN/A
2026-06-21124506503.7720
2026-06-28125506503.9235
2026-07-050N/AN/AN/AN/A
2026-07-12331438503.698
2026-07-19335178923.9818
2026-07-26124506353.8614
2026-08-02331007834.0229
2026-08-09331508173.8722
2026-08-16326156334.3244
2026-08-23222254744.7410

Nearby Building Rental Comparables & Price Spreads

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

Via Bloor – Tower 2 at 585 Bloor St E sits in a tight Cabbagetown cluster of four registered comparables within 400 metres. The two active pricing benchmarks are Via Bloor – Tower 1 at 575 Bloor St E (0.07 km, built in 2022, 34 closed leases over the trailing 180 days) and Burke Condos at 605-609 Sherbourne Street (0.37 km, built in 2025, 157 closed leases). Two additional buildings serve as architectural references only: No. 7 Rosedale at 7 Dale Ave (0.30 km, built in 2024) and The Somerset at 1A Dale Ave (0.31 km, built in 1972), each recording zero lease transactions over the same 180-day window and therefore offering no realized rent or per-square-foot benchmark. The active pair spans a three-year construction gap—Tower 1 in 2022 versus Burke Condos in 2025—while The Somerset, a 1972-era mid-rise, anchors the oldest structural generation in the set. Across the four-comparable pool, the blended benchmark averages $2,655 per month, $3.73 per square foot, and 722 square feet of interior space. Via Bloor – Tower 2's realized lease profile of $2,909 per month at $3.99 per square foot across 743 square feet places the subject roughly 9.5 percent above the comp average on monthly rent and 7 percent above on rate per square foot, while its average suite footprint runs 21 square feet larger than the pooled mean. Against the Cabbagetown submarket benchmark of $2,636 per month and $4.23 per square foot, the subject's nominal rent sits 10.4 percent above market but its per-square-foot rate trades at a 5 percent discount to the submarket asking norm, a gap driven entirely by the building's larger-than-average interior footprint rather than a premium valuation per unit of space.

575 Bloor St E, Toronto

Avg Asking$2,707/mo
Avg $/SF$3.75
Rent Spread:
-$1,643/mo (-37.8%) Lower

605-609 Sherbourne Street, Toronto

Avg Asking$2,688/mo
Avg $/SF$3.68
Rent Spread:
-$1,662/mo (-38.2%) Lower

25 Selby Street, Toronto

Avg Asking$3,160/mo
Avg $/SF$4.10
Rent Spread:
-$1,190/mo (-27.3%) Lower

28 Linden St, Toronto

Avg Asking$2,880/mo
Avg $/SF$3.85
Rent Spread:
-$1,470/mo (-33.8%) Lower

409 Bloor St E, Toronto

Avg Asking$8,350/mo
Avg $/SF$7.34
Rent Spread:
+$4,000/mo (+92.0%) Higher

225 Wellesley St E, Toronto

Avg Asking$2,517/mo
Avg $/SF$3.71
Rent Spread:
-$1,833/mo (-42.1%) Lower

Comparable Analysis & Questions

How do rental rates at Via Bloor - Tower 2 compare to neighbouring buildings within Cabbagetown?

Via Bloor – Tower 2 realized an average lease rent of $2,909 per month over the trailing year, which is $254 (9.6 percent) above the four-comparable benchmark of $2,655 and $273 above the Cabbagetown submarket average of $2,636. The two active competitors frame this spread: Via Bloor – Tower 1 at 575 Bloor St E (0.07 km, 34 closed leases) averaged $2,767 per month at $3.80 per square foot across 740 square feet, meaning the subject commands a $142-per-month higher realized rent; Burke Condos at 605-609 Sherbourne Street (0.37 km, 157 closed leases) averaged $2,542 per month at $3.66 per square foot across 703 square feet, placing the subject $367 per month above that benchmark. No. 7 Rosedale at 7 Dale Ave (0.30 km) and The Somerset at 1A Dale Ave (0.31 km) each recorded zero closed leases over the trailing 180 days, so neither provides a realized rent figure against which to measure the subject's pricing.

Does Via Bloor - Tower 2 offer a competitive price-per-square-foot ($/SF) against local comparables?

Via Bloor – Tower 2 leases at $3.99 per square foot across an average 743-square-foot suite, positioning it at a premium on both rate and footprint relative to every active nearby alternative. Against Via Bloor – Tower 1 (0.07 km), the subject commands a $0.19 per square foot (5.0 percent) premium while providing 3 more interior square feet, so the higher monthly rent of $142 reflects both a steeper per-square-foot rate and a marginally larger unit. Against Burke Condos (0.37 km), the subject commands a $0.33 per square foot (9.0 percent) premium and delivers 40 more interior square feet, meaning the $367-per-month rent differential is amplified by a meaningfully larger interior footprint rather than a pure valuation gap. In both cases the subject's higher nominal rent is partly a function of offering more living space per lease, so a renter comparing total cost must weigh the additional square footage against the per-square-foot uplift. The Somerset and No. 7 Rosedale, with zero closed leases in the trailing 180 days, cannot be used to validate or challenge these per-square-foot comparisons.

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

Via Bloor – Tower 2 offers a 16-item lifestyle package that spans aquatic recreation, fitness, remote-work, and pet-care facilities, making it the most amenity-dense building in its immediate four-comparable set. The subject's outdoor pool, hot tub and jacuzzi, sauna and steam room, spin studio, and yoga studio collectively form a wellness-and-aquatic suite that Burke Condos partially mirrors (pool, spin, yoga) but lacks the hot tub, sauna, and dedicated steam room; Tower 1 shares the full aquatic and fitness stack but omits the subject's meeting room, BBQ area, indoor kids' play room, and pet wash station. No. 7 Rosedale (0.30 km) differentiates with an EV charging station, car wash bay, and tea house—features absent from the subject—while The Somerset (0.31 km) provides only a concierge desk, shared laundry, party room, and pet wash station, with no gym, pool, or fitness programming whatsoever. The subject's combination of a full aquatic/wellness circuit, dedicated meeting and media rooms, an indoor kids' play area, and a pet wash station targets young professional families and dual-income households in Cabbagetown who want resort-style recreation and remote-work infrastructure without the ultra-luxury pricing tier that a standalone spa or concierge-heavy boutique building would command.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Via Bloor - Tower 2.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Spin Studio
  • Outdoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Kids' Play Room - Indoor
  • Pet Wash Station

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Via Bloor - Tower 2.

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.