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Market Data as of August 31, 2026

Reina Condos — Rental Market Data

689 The Queensway, Etobicoke, Ontario M8Y 0C8
Quick Rent Estimate
Active Suites5 Available
Type
Units
Avg Rent
2-Bedroom
3
$2,900
1-Bedroom + Den
2
$2,465

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2025
Total Suites200
DeveloperUrban Capital Property Group and Spotlight Development

Reina Condos at 689 The Queensway in the Etobicoke South neighborhood was developed by Urban Capital Property Group and Spotlight Development, delivering 200 suites upon its 2025 completion. The building currently records an active availability rate of 2.5 percent across 5 listings. Furthermore, the property recorded 7 closed leases over the past 90 days with an average days on market of 32 days, alongside a 30-day closed count of 4 transactions averaging 34 days on the market.

Active asking rents average $2,726 per month at $3.52 per square foot across an average footprint of 785 square feet, comparing against realized 90-day leases averaging $2,393 per month at $3.85 per square foot. Current active inventory skews larger than past leases, lifting nominal monthly outlays above recent historical averages despite a building asking rate that sits 4.6 percent below the wider submarket asking benchmark of $3.69 per square foot.

Marketing friction remains mild, reflected in an average closed days on market of 32 days compared to 27 days for delisted properties, while 30.8 percent of recent leases successfully secured landlord concessions below asking price. Prospective tenants will find the deepest selection concentrated within 2-Bedroom configurations, whereas 1-Bedroom + Den layouts offer a more limited inventory pool.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Reina Condos as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units5
-1 (16.7%)
Avg Asking Rent$2,726
+$334 (14.0%)
Avg Suite Size785 sf
+134 sf (20.6%)
Avg Days on Market25d
0d (1.7%)
Avg Asking $/SF$3.52
-$0.22 (5.9%)

Active Market Insights & Questions

How has rental availability changed at Reina Condos recently?

Reina Condos features 5 active listings as of August 31, 2026, with an overall asking price range spanning from $2,380 to $3,000 per month, an average asking rent of $2,726 per month, and a median asking rent of $2,800 per month. Active suites maintain an average floor area of 785 square feet and an average asking rate of $3.52 per square foot. Multi-bedroom layouts dominate the active inventory pool, reflecting a selection that leans toward larger executive footprints rather than compact entry-level units.

What floor plans and unit layouts are currently available at Reina Condos?

2-Bedroom configurations represent the dominant active layout at Reina Condos, accounting for 3 listings and a 60 percent share of total current inventory. Available 2-Bedroom suites average $2,900 per month across an average size of 875 square feet at $3.34 per square foot. Meanwhile, 1-Bedroom + Den units comprise the remaining 40 percent of active listings with 2 available suites, commanding an average rent of $2,465 per month across an average layout size of 650 square feet at $3.79 per square foot.

What is the average asking rent and $/SF by suite size at Reina Condos?

Reina Condos demonstrates a minimum entry rent of $2,380 per month and a peak asking rent of $3,000 per month, establishing a dollar spread of $620 per month or a 26.1 percent asking spread. Median asking rent stands at $2,800 per month across the active portfolio. The entry-level price point is anchored by a 1-Bedroom + Den suite spanning 650 square feet at an asking rate of $3.66 per square foot, while the peak tier is represented by a larger 2-Bedroom layout spanning 955 square feet at $3.14 per square foot.

How much extra do parking spaces and dens cost at Reina Condos?

Active den premium data for Reina Condos cannot be isolated due to unquantified square footage deltas across available floor plans. Parking premium data is currently unreliable or based on an insufficient sample, meaning specific parking stall costs cannot be accurately established from active listings.

How do asking rents at Reina Condos compare to local and municipal benchmarks?

Reina Condos asks an average of $3.52 per square foot across its active inventory, sitting 4.6 percent below the Etobicoke South submarket asking benchmark of $3.69 per square foot. Although nominal asking rents appear elevated relative to the submarket average of $2,502 per month, this variance is driven by larger suite sizing rather than inflated unit pricing. The building accounts for a 38.5 percent share of total active submarket 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 Reina Condos (Data period: For the month of August 2026).

Units Leased4
Avg Leased Price$2,275
Avg Leased Size665 sf
Avg Days to Lease34d
Leased $/SF$3.89

Leased Transaction Insights & Questions

How many suites were leased at Reina Condos last month, and how fast did they rent?

At Reina Condos, leasing turnover averaged 34 days on market over the last 30 days, compared to 32 days over the trailing 90 days and a lifetime average of 27 days. Closed lease counts totaled 4 deals over the last 30 days, 7 deals over the last 90 days, and 13 total lifetime transactions. Leasing velocity moderated through the summer months as active supply rotated.

What is the negotiation spread between asking rents and closed lease prices at Reina Condos?

At Reina Condos, tenants secured an average monthly discount of $20 per month, representing a 0.79% concession below asking and yielding $240 in annual tenant savings. Approximately 30.8% of leases closed under asking, while remaining transactions settled at asking, reflecting modest tenant-favorable negotiation leverage.

What are typical executed lease prices across different layouts at Reina Condos?

At Reina Condos, the two highest-volume anchor layouts were the 2-Bedroom tier with 6 closed leases averaging $2,821 per month over 19 days on market, and the 1-Bedroom + Den tier with 4 closed leases averaging $2,450 per month over 23 days on market (note that this represents an individual deal rather than a broad statistical benchmark). The 1-Bedroom tier accounted for 3 closed leases, averaging $2,083 per month with a median of $2,100 per month, a P25-P75 range of $2,075 to $2,100 per month, an average size of 533 square feet at $3.92 per square foot, and 50 days on market (note that this represents an individual deal rather than a broad statistical benchmark).

What measurable rent premium did suites with parking achieve in closed leases at Reina Condos?

At Reina Condos, verified leased parking achieved an average premium of $200 per month when bundled with parking stalls. Active parking premium data remained inconclusive due to insufficient paired samples across current listings. Parking costs were otherwise integrated into select multi-bedroom lease agreements.

How does the lease-to-listing ratio at Reina Condos reflect current tenant demand?

At Reina Condos, average rents followed a downward trajectory from spring peaks down to late summer lows as inventory expanded. April recorded 5 closed deals averaging $2,700 per month at $3.82 per square foot over 21 days on market. May registered 1 closed deal averaging $2,725 per month at $3.63 per square foot over 28 days on market. June logged 1 closed deal averaging $2,750 per month at $3.67 per square foot over 6 days on market. July saw 2 closed deals averaging $2,450 per month at $3.87 per square foot over 41 days on market. August closed 4 deals averaging $2,275 per month at $3.89 per square foot over 34 days on market.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Reina Condos (Data period: For the month of August 2026).

Delisted Units2
Avg Asking Price$2,200
Avg Suite Size575 sf
Avg Days on Market27d
Delisted $/SF$3.89

De-Listed Market Analysis & Questions

How many listings de-listed at Reina Condos, and what was their re-listing price compared to previous asking?

At Reina Condos, a total of 2 unrented units were delisted, yielding a delisted-to-30-day-leased ratio of 50.0% and a delisted-to-lifetime-leased ratio of 15.4%. The unrented pool comprised 1 terminated listing and 1 suspended listing, with zero expired listings. This indicates roughly 1 listing pulled for every 6.5 successful lifetime leases.

How do asking prices on de-listed suites compare to executed leases and active listings at Reina Condos?

At Reina Condos, unrented units asked an average of $75 per month below realized leases nominally due to smaller average floor plans, but commanded a higher rate per square foot ($3.89 per square foot vs $3.82 per square foot).

What market friction causes rental listings to stall or de-list at Reina Condos?

At Reina Condos, delisted units recorded an average marketing duration of 27 days, matching the lifetime lease average of 27 days. Because unrented units cleared without excessive marketing days, holding costs remained minimal, requiring zero months of lost rental income or additional condo maintenance fees.

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)
2026-04-27328307034.0421
2026-04-28328307034.0422
2026-04-29228707004.1212
2026-04-30228707004.1213
2026-05-01228707004.1214
2026-05-02228707004.1215
2026-05-03228707004.1216
2026-05-04228707004.1217
2026-05-05228707004.1218
2026-05-06228707004.1219
2026-05-07228707004.1220
2026-05-08128506504.3814
2026-05-09128506504.3815
2026-05-10128506504.3816
2026-05-11128506504.3817
2026-05-12128506504.3818
2026-05-13128506504.3819
2026-05-14128506504.3820
2026-05-15128506504.3821
2026-05-16128506504.3822
2026-05-17128506504.3823
2026-05-18128506504.3824
2026-05-19128506504.3825
2026-05-20128506504.3826
2026-05-21128506504.3827
2026-05-22128506504.3828
2026-05-23128506504.3829
2026-05-24128506504.3830
2026-05-25224756004.1016
2026-05-26224756004.1017
2026-05-27224756004.1018
2026-05-28224756004.1019
2026-05-29224756004.1020
2026-05-30224756004.1021
2026-05-31224756004.1022
2026-06-01423505754.0711
2026-06-02423505754.0712
2026-06-03423505754.0713
2026-06-04423505754.0714
2026-06-05423505754.0715
2026-06-06423505754.0716
2026-06-07423505754.0717
2026-06-08423505754.0718
2026-06-09423505754.0719
2026-06-10524406024.0516
2026-06-11524406024.0517
2026-06-12524406024.0518
2026-06-13524406024.0519
2026-06-14524406024.0520
2026-06-15524406024.0521
2026-06-16524406024.0522
2026-06-17524406024.0523
2026-06-18524206223.9013
2026-06-19524206223.9014
2026-06-20524206223.9015
2026-06-21524206223.9016
2026-06-22524206223.9017
2026-06-23524206223.9018
2026-06-24323336033.8622
2026-06-25423005784.0018
2026-06-26423005784.0019
2026-06-27423005784.0020
2026-06-28423005784.0021
2026-06-29423005784.0022
2026-06-30423005784.0023
2026-07-01423005784.0024
2026-07-02423005784.0025
2026-07-03423005784.0026
2026-07-04423005784.0027
2026-07-05423005784.0028
2026-07-06423005784.0029
2026-07-07524206433.8424
2026-07-08524206433.8425
2026-07-09626837193.8021
2026-07-10526607213.7821
2026-07-11526607213.7822
2026-07-12526607213.7823
2026-07-13626257093.7720
2026-07-14523506313.8024
2026-07-15523506313.8025
2026-07-16523506313.8026
2026-07-17523506313.8027
2026-07-18523506313.8028
2026-07-19523506313.8029
2026-07-20523506313.8030
2026-07-21623756343.8126
2026-07-22524306513.8122
2026-07-23524306513.8123
2026-07-24524306513.8124
2026-07-25524306513.8125
2026-07-26524306513.8126
2026-07-27524306513.8127
2026-07-28524306513.8128
2026-07-29524306513.8129
2026-07-30524306513.8130
2026-07-31623926513.7426
2026-08-01523806513.7328
2026-08-02523806513.7329
2026-08-03523806513.7330
2026-08-04523806513.7331
2026-08-05523606513.6924
2026-08-06523606513.6925
2026-08-07624336703.6922
2026-08-08624336703.6923
2026-08-09624136703.6521
2026-08-10524767043.5525
2026-08-11524767043.5526
2026-08-12524767043.5527
2026-08-13425457183.5932
2026-08-14525467043.6526
2026-08-15525467043.6527
2026-08-16525467043.6528
2026-08-17525467043.6529
2026-08-18525467043.6530
2026-08-19525467043.6531
2026-08-20525467043.6532
2026-08-21525467043.6533
2026-08-22626227463.5729
2026-08-23626227463.5730
2026-08-24626227463.5731
2026-08-25626227463.5732
2026-08-26527267853.5220
2026-08-27527267853.5221
2026-08-28527267853.5222
2026-08-29527267853.5223
2026-08-30527267853.5224
2026-08-31527267853.5225

12-Month Market Dynamics & Trend Trajectory

Reina Condos at 689 The Queensway has established a lifetime leasing volume of 13 closed transactions across Etobicoke South. Realized rents averaged $2,537 per month at $3.82 per square foot, with an average suite size of 665 square feet and a lifetime days on market of 27 days, reflecting steady tenant absorption since registration. Pricing discipline favored incoming renters, as 30.8% of transactions closed below asking price. Tenants secured an average discount of $20 per month, or 0.79% off asking, translating to $240 in annual tenant savings and confirming modest tenant-favorable negotiation leverage.

Loading inventory data…

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
Chart metrics & timeframe
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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)
2026-05-03127257503.6328
2026-05-100N/AN/AN/AN/A
2026-05-170N/AN/AN/AN/A
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-070N/AN/AN/AN/A
2026-06-140N/AN/AN/AN/A
2026-06-21127507503.676
2026-06-280N/AN/AN/AN/A
2026-07-05128507104.0130
2026-07-120N/AN/AN/AN/A
2026-07-19120505503.7351
2026-07-26124006503.6919
2026-08-020N/AN/AN/AN/A
2026-08-09223005754.0212
2026-08-160N/AN/AN/AN/A
2026-08-23121005503.8293

Nearby Building Rental Comparables & Price Spreads

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

Reina Condos competes directly within the Etobicoke South micro-market against modern developments such as Curio Condos (799-801 The Queensway) located 0.56 kilometers away with 14 active listings and a 2025 completion year, Kazmir Condos (6 Chartwell Road) situated 0.89 kilometers away featuring 10 active listings and a 2025 completion year, The Verge Condominiums (1007 The Queensway Street) positioned 1.28 kilometers away with 26 active listings and a 2025 completion year, and the older rental benchmark Princeton Apartments (183 Berry Road) located 1.29 kilometers away built in 1965 with 2 active listings. These properties reflect a distinct generational split, contrasting brand-new 2025 infill construction with mid-century rental stock. Across the competitive set, the average lease rent sits at $2,169 per month with an average rate of $3.48 per square foot across an average suite size of 630 square feet. Reina Condos positions itself solidly within this contemporary corridor, leveraging its 2025 completion year, 200 total suites, and an established development to capture modern renter demand at competitive square footage rates that balance premium building systems against micro-market alternatives.

760 The Queensway, Etobicoke

Avg Asking$3,150/mo
Avg $/SF$3.12
Rent Spread:
+$424/mo (+15.6%) Higher

7 Smith Cres, Etobicoke

Avg Asking$2,669/mo
Avg $/SF$4.10
Rent Spread:
-$57/mo (-2.1%) Lower

799-801 The Queensway, Etobicoke

Avg Asking$2,300/mo
Avg $/SF$3.85
Rent Spread:
-$426/mo (-15.6%) Lower

245 Dalesford Rd, Etobicoke

Avg Asking$2,783/mo
Avg $/SF$3.56
Rent Spread:
+$57/mo (+2.1%) Higher

200 Manitoba St, Etobicoke

Avg Asking$2,767/mo
Avg $/SF$3.35
Rent Spread:
+$41/mo (+1.5%) Higher

190 Manitoba St, Etobicoke

Avg Asking$2,767/mo
Avg $/SF$3.19
Rent Spread:
+$41/mo (+1.5%) Higher

Comparable Analysis & Questions

How do rental rates at Reina Condos compare to neighbouring buildings within Etobicoke South?

Reina Condos achieves an average lease rent that compares directly against the overall competitive average of $2,169 per month, benchmarking closely against modern peers like Curio Condos and The Verge Condominiums. Curio Condos, located at 799-801 The Queensway, reports an average lease rent of $2,278 per month at $3.82 per square foot across an average of 601 square feet. Kazmir Condos at 6 Chartwell Road records an average lease rent of $2,180 per month at $3.72 per square foot across 592 square feet. The Verge Condominiums at 1007 The Queensway Street averages $2,445 per month at $3.65 per square foot across 676 square feet. Meanwhile, the mid-century Princeton Apartments at 183 Berry Road logs an average lease rent of $1,774 per month at $2.73 per square foot across 650 square feet.

Does Reina Condos offer a competitive price-per-square-foot ($/SF) against local comparables?

Reina Condos establishes its value proposition by offering an average leased rate of $3.82 per square foot across an average footprint of 665 square feet, balancing modern construction efficiencies against nearby alternatives and the submarket benchmark of $3.74 per square foot. Renters evaluating Reina Condos trade off against Curio Condos, which trades at identical PSF parity with 601 square feet, and Kazmir Condos at 6 Chartwell Road, where Reina trades at a $0.10 per square foot (2.7%) premium while providing 73 more square feet of interior space. Against The Verge Condominiums at 1007 The Queensway Street, Reina trades at a $0.17 per square foot (4.7%) premium across a comparable footprint, while offering a dramatic $1.09 per square foot (39.9%) premium over the 1965-built Princeton Apartments at 183 Berry Road in exchange for modern energy efficiency, contemporary floor plans, and significantly reduced maintenance burdens.

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

Reina Condos delivers an extensive lifestyle and amenity program that competes robustly against its 2025 peer group in Etobicoke South. Reina Condos features a 24-hour concierge and security service, an EV charging station, a comprehensive gym and fitness centre paired with a dedicated yoga studio, a party and lounge room, meeting room, business centre, media and theatre room, games and billiards room, library and reading room, hobby room, dining room and kitchen, BBQ area, rooftop terrace, garden and courtyard, indoor children's play room, pet wash station, soundproof room, parcel room, and stroller parking. In direct contrast, Curio Condos offers a café hub, wood-working room, and outdoor children's playground alongside shared pet wash facilities. Kazmir Condos includes standard fitness and party spaces but lacks the diverse hobby, media, and soundproof rooms found at Reina. The Verge Condominiums incorporates outdoor games areas and children's play zones, while Princeton Apartments provides only shared laundry and a basic convenience store, highlighting the superior modern wellness and remote-work infrastructure at Reina Condos for professionals and young families.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Reina Condos.

Building Amenities

  • Concierge & Security
  • EV Charging Station
  • Gym & Fitness Centre
  • Yoga Studio
  • Party & Lounge Room
  • Meeting Room
  • Business Centre
  • Media & Theatre Room
  • Games & Billiards Room
  • Library & Reading Room
  • Hobby Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Garden & Courtyard
  • Kids' Play Room - Indoor
  • Pet Wash Station
  • Soundproof Room
  • Parcel Room
  • Stroller Parking

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Reina Condos.

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.