Market Data as of August 31, 2026
Queen's Park Place — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Queen's Park Place at 62 Wellesley St W in Toronto's Downtown Core is an established residential high-rise built in 1981 containing 101 suites. Zero active listings are currently available on the market, resulting in a zero percent availability rate as of August 31, 2026. Leasing velocity shows zero transactions over the past 30 days alongside 1 closed transaction over the past 90 days with an average days on market of 35 days.
Historical pricing for the single 90-day realized lease averaged $3,500 per month at a rate of $2.95 per square foot, matching the building's 1-year and all-time leasing averages of 1,186 square feet per unit. Active asking rent metrics and active square footages are currently unavailable due to zero active inventory, preventing a direct comparison against the submarket asking benchmark of $3,471 per month and $4.56 per square foot.
Marketing friction is virtually non-existent, with the single recent lease closing exactly at asking price reflecting balanced market leverage. Zero units are currently available across all layout tiers, leaving prospective tenants with no active selection at Queen's Park Place.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-06-22 | 1 | 3500 | 1186 | 2.95 | N/A |
| 2026-06-23 | 1 | 3500 | 1186 | 2.95 | 1 |
| 2026-06-24 | 1 | 3500 | 1186 | 2.95 | 2 |
| 2026-06-25 | 1 | 3500 | 1186 | 2.95 | 3 |
| 2026-06-26 | 1 | 3500 | 1186 | 2.95 | 4 |
| 2026-06-27 | 1 | 3500 | 1186 | 2.95 | 5 |
| 2026-06-28 | 1 | 3500 | 1186 | 2.95 | 6 |
| 2026-06-29 | 1 | 3500 | 1186 | 2.95 | 7 |
| 2026-06-30 | 1 | 3500 | 1186 | 2.95 | 8 |
| 2026-07-01 | 1 | 3500 | 1186 | 2.95 | 9 |
| 2026-07-02 | 1 | 3500 | 1186 | 2.95 | 10 |
| 2026-07-03 | 1 | 3500 | 1186 | 2.95 | 11 |
| 2026-07-04 | 1 | 3500 | 1186 | 2.95 | 12 |
| 2026-07-05 | 1 | 3500 | 1186 | 2.95 | 13 |
| 2026-07-06 | 1 | 3500 | 1186 | 2.95 | 14 |
| 2026-07-07 | 1 | 3500 | 1186 | 2.95 | 15 |
| 2026-07-08 | 1 | 3500 | 1186 | 2.95 | 16 |
| 2026-07-09 | 1 | 3500 | 1186 | 2.95 | 17 |
| 2026-07-10 | 1 | 3500 | 1186 | 2.95 | 18 |
| 2026-07-11 | 1 | 3500 | 1186 | 2.95 | 19 |
| 2026-07-12 | 1 | 3500 | 1186 | 2.95 | 20 |
| 2026-07-13 | 1 | 3500 | 1186 | 2.95 | 21 |
| 2026-07-14 | 1 | 3500 | 1186 | 2.95 | 22 |
| 2026-07-15 | 1 | 3500 | 1186 | 2.95 | 23 |
| 2026-07-16 | 1 | 3500 | 1186 | 2.95 | 24 |
| 2026-07-17 | 1 | 3500 | 1186 | 2.95 | 25 |
| 2026-07-18 | 1 | 3500 | 1186 | 2.95 | 26 |
| 2026-07-19 | 1 | 3500 | 1186 | 2.95 | 27 |
| 2026-07-20 | 1 | 3500 | 1186 | 2.95 | 28 |
| 2026-07-21 | 1 | 3500 | 1186 | 2.95 | 29 |
| 2026-07-22 | 1 | 3500 | 1186 | 2.95 | 30 |
| 2026-07-23 | 1 | 3500 | 1186 | 2.95 | 31 |
| 2026-07-24 | 1 | 3500 | 1186 | 2.95 | 32 |
| 2026-07-25 | 1 | 3500 | 1186 | 2.95 | 33 |
| 2026-07-26 | 1 | 3500 | 1186 | 2.95 | 34 |
12-Month Market Dynamics & Trend Trajectory
Queen's Park Place has recorded a lifetime leasing volume of 1 closed transaction, achieving an average rent of $3,500 per month at $2.95 per square foot. Units averaged 1,186 square feet with a lifetime days on market of 35, reflecting consistent tenant turnover for this downtown building. Transactions settled on average at 100% of asking price, reflecting balanced market leverage between landlords and prospective renters. Zero variance from asking price confirms that pricing alignment remained steady across historical leasing activity.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-07-26 | 1 | 3500 | 1186 | 2.95 | 35 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Queen's Park Place at 62 Wellesley St W competes directly with a dense cluster of nearby residential towers, including The Britt at 955 Bay St (0.11 km away, completed in 2020 with 90 active leases), The Britt at 31 Phipps Street (0.13 km away, completed in 2019 with 5 active leases), 1Thousand Bay at 57 St Joseph St (0.13 km away, completed in 2016 with 64 active leases), and 1001 Bay at 1001 Bay St (0.16 km away, completed in 1990 with 30 active leases). These competitors represent distinct architectural eras, contrasting the mature 1981 structural generation of the subject building against newer 2010s and 2020s high-rises. Across the micro-market, the competitive set posts an overall average lease rent of $2,786 per month at an average rate of $4.57 per square foot across an average suite size of 649 square feet. Queen's Park Place positions itself within this downtown ecosystem by offering significantly more expansive floor plans—averaging 1,186 square feet based on recent leasing history—while trading at a lower rate per square foot than its newer, more compact neighborhood competitors.
Comparable Analysis & Questions
How do rental rates at Queen's Park Place compare to neighbouring buildings within Downtown Core?
Queen's Park Place achieves an average lease rent of $3,500 per month, comparing against an overall comp average of $2,786 per month across nearby properties like The Britt and 1Thousand Bay. Individual benchmark performance shows The Britt at 955 Bay St averaging $2,816 per month at $4.59 per square foot across 619 square feet, while its sister address at 31 Phipps Street records an average lease rent of $2,687 per month at $4.69 per square foot across 620 square feet. Furthermore, 1Thousand Bay at 57 St Joseph St leases at an average of $2,638 per month at $5.00 per square foot across 551 square feet, and 1001 Bay at 1001 Bay St records an average lease rent of $3,003 per month at $4.00 per square foot across 805 square feet.
Does Queen's Park Place offer a competitive price-per-square-foot ($/SF) against local comparables?
Queen's Park Place defines its value proposition by offering a lower leased rate of $2.95 per square foot across spacious 1,186-square-foot floor plans compared to smaller, higher-cost alternatives in the downtown submarket. Renters trade sleek, modern finishes and high-density layouts found in towers like 1Thousand Bay (leased at $5.00 per square foot across 551 square feet) for the substantial room volumes and lower overall square-foot costs characteristic of Queen's Park Place's 1981 construction. This structural generation allows tenants to secure nearly double the interior space of nearby contemporaries without absorbing the elevated per-square-foot pricing prevalent in 2010s and 2020s developments.
How do building age, amenities, and developer reputation impact rent spreads?
Queen's Park Place delivers a robust recreational lifestyle featuring an indoor pool, squash and racquetball court, sauna and steam room, rooftop terrace, and a gym and fitness centre that match or exceed the recreational offerings of surrounding high-rises. While competitors such as The Britt at 955 Bay St and 31 Phipps Street incorporate contemporary additions like pet wash stations and yoga studios, and 1Thousand Bay features media rooms and business centres, Queen's Park Place leans into traditional wellness and leisure space. This amenity mix particularly serves renters and long-term residents prioritizing generous square footage, classic recreational facilities, and a central downtown address over hyper-modern micro-amenity trends.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Queen's Park Place.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Sauna & Steam Room
- Squash & Racquetball Court
- Party & Lounge Room
- Games & Billiards Room
- Library & Reading Room
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
Residential Buildings in the Vicinity
- The Britt113 m
- 1Thousand Bay129 m
- The Britt131 m
- The Allegro at Opera Place156 m
- 1001 Bay157 m
- Century Plaza196 m
- Opera Place II210 m
- Opera Place I211 m
- The Polo Club II221 m
- Eleven Residences230 m
- 11 Wellesley on the Park236 m
- 8 Wellesley246 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Queen's Park Place.
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.