Market Data as of August 31, 2026
Summerside I — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Summerside I at 60 Mendelssohn St in the Scarborough West neighborhood is an established residential building completed in 2009 by Mattamy Homes featuring 108 suites, with zero active listings currently available. The property has recorded a leasing pace of 1 closed lease over the past year with an average time on market of 16 days, alongside zero closed leases and an average time on market of 0 days over the past 30 days and 90 days. Active parking premiums cannot be reliably isolated from current listings due to an insufficient sample.
Tenants secured historical leases at an average rent of $2,400 per month and $2.82 per square foot, maintaining a 14.8% lower rate per square foot compared to the submarket asking benchmark of $3.32 per square foot, with active units reflecting zero square footage due to no inventory. Historical leasing data indicates that 100.0% of leases closed below asking, granting tenants an average discount of $150 per month or 5.88% off list price.
Prospective renters face a complete lack of available inventory across all layout tiers, requiring monitoring for new listings as units turnover from the building's 108-suite supply.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 1 | 2550 | 850 | 3.00 | 2 |
| 2026-04-28 | 1 | 2550 | 850 | 3.00 | 3 |
| 2026-04-29 | 1 | 2550 | 850 | 3.00 | 4 |
| 2026-04-30 | 1 | 2550 | 850 | 3.00 | 5 |
| 2026-05-01 | 1 | 2550 | 850 | 3.00 | 6 |
| 2026-05-02 | 1 | 2550 | 850 | 3.00 | 7 |
| 2026-05-03 | 1 | 2550 | 850 | 3.00 | 8 |
| 2026-05-04 | 1 | 2550 | 850 | 3.00 | 9 |
| 2026-05-05 | 1 | 2550 | 850 | 3.00 | 10 |
| 2026-05-06 | 1 | 2550 | 850 | 3.00 | 11 |
| 2026-05-07 | 1 | 2550 | 850 | 3.00 | 12 |
| 2026-05-08 | 1 | 2550 | 850 | 3.00 | 13 |
| 2026-05-09 | 1 | 2550 | 850 | 3.00 | 14 |
| 2026-05-10 | 1 | 2550 | 850 | 3.00 | 15 |
12-Month Market Dynamics & Trend Trajectory
Summerside I at 60 Mendelssohn St features a lifetime leasing volume anchored by verified transactions averaging $2,400 per month at $2.82 per square foot across an average suite size of 850 square feet. With a lifetime days on market average of 16 days, the building demonstrates steady tenant turnover relative to the broader Scarborough West submarket benchmark of 30 days. Pricing discipline at the building heavily favors incoming occupants, with 100% of tracked transactions closing below asking price. Tenants secure average monthly discounts of $150 per month, translating to $1,800 in annual tenant savings and confirming a distinctly tenant-favorable leasing environment.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-05-10 | 1 | 2400 | 850 | 2.82 | 16 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Summerside I at 60 Mendelssohn St is situated alongside direct competitors including LINEA Condos at 20 Deans Drive (0.09 km away, completed in 2025 with 36 active listings), Summerside II at 10 Mendelssohn St (0.14 km away, completed in 2009 with 3 active listings), St. Clair Pointe at 684 Warden Ave (0.2 km away, completed in 2005 with 2 active listings), and Linea at 743 Warden Avenue (0.2 km away, completed in 2025 with 6 active listings). This competitive set highlights a clear structural contrast between mid-2000s developments built in 2009 and newer 2025 construction cohorts in the Scarborough West micro-market. Within this local competitive landscape, the overall comparative benchmark averages $2,273 per month at $3.05 per square foot across an average suite size of 756 square feet. Summerside I occupies a middle-tier position by age, offering established scale that undercuts the high rate per square foot demanded by newer 2025 builds while delivering competitive interior dimensions compared to older neighborhood inventory.
Comparable Analysis & Questions
How do rental rates at Summerside I compare to neighbouring buildings within Scarborough West?
Summerside I averages $2,400 per month across its historical lease data, positioning itself near the overall competitive market average of $2,273 per month against nearby benchmarks such as LINEA Condos, Summerside II, St. Clair Pointe, and Linea. Individual competitor metrics reflect notable variations in leasing costs across the immediate radius: LINEA Condos at 20 Deans Drive reports an average lease rent of $2,228 per month at $3.57 per square foot across 633 square feet; Summerside II at 10 Mendelssohn St records an average lease rent of $2,600 per month at $2.83 per square foot across 917 square feet; St. Clair Pointe at 684 Warden Ave logs an average lease rent of $1,925 per month at $2.57 per square foot across 750 square feet; and Linea at 743 Warden Avenue posts an average lease rent of $2,337 per month at $3.24 per square foot across 725 square feet.
Does Summerside I offer a competitive price-per-square-foot ($/SF) against local comparables?
Summerside I delivers a competitive value proposition characterized by a realized lease rate of $2.82 per square foot across an average footprint of 850 square feet, comparing favorably against the submarket average of $3.31 per square foot. Renters evaluating Summerside I trade brand-new 2025 construction finishes for significantly more spacious floor plans at a lower relative cost per square foot. For instance, while modern alternatives like LINEA Condos lease at a steeper $3.57 per square foot for smaller 633-square-foot layouts, Summerside I provides 217 more interior square feet at a more accessible rate per square foot. Similarly, compared to Linea at $3.24 per square foot across 725 square feet, Summerside I offers 125 more square feet, making it an attractive option for tenants prioritizing square footage efficiency over brand-new delivery years.
How do building age, amenities, and developer reputation impact rent spreads?
Summerside I provides a robust suite of resident amenities that compete effectively with newer developments in the Scarborough West micro-market, delivering a balanced lifestyle profile for residents. Signature amenities at Summerside I include a Concierge & Security service, a fully equipped Gym & Fitness Centre, a Party & Lounge Room, a dedicated Meeting Room, and functional Ball Courts. When contrasted with newer builds like LINEA Condos and Linea—which feature specialized additions such as Yoga Studios, Rooftop Terraces, BBQ Areas, Dining Rooms & Kitchens, Business Centres, and Indoor Kids' Play Rooms—Summerside I focuses on core fitness and social spaces. Meanwhile, older peers like St. Clair Pointe offer a Games & Billiards Room alongside standard fitness facilities. This amenity mix at Summerside I ideally serves value-conscious families and professionals seeking reliable building security, active recreation, and practical social spaces without paying the premium pricing associated with 2025 construction cohorts.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Summerside I.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Party & Lounge Room
- Meeting Room
- Ball Courts
Residential Buildings in the Vicinity
- LINEA Condos91 m
- Summerside II139 m
- Linea197 m
- St. Clair Pointe203 m
- Wilshire on the Green222 m
- Monterey Park1.6 km
- Concordia1.6 km
- Victoria Town1.7 km
- Imagine Condos1.7 km
- Versailles Court1.7 km
- 45 Sunrise Condos1.7 km
- 1801-1815 O'Connor Condos1.8 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Summerside I.
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.