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Market Data as of August 31, 2026

Queensway Park — Rental Market Data

7 Smith Cres, Etobicoke, Ontario M8Z 0G3
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom + Den
1
$2,950

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2022
Total Suites167
DeveloperUrban Capital Property Group & Rosewater Developments

Queensway Park at 7 Smith Cres in Etobicoke's South submarket is a 167-suite residential building completed in 2022 by Urban Capital Property Group and Rosewater Developments. As of August 31, 2026, one unit is actively listed, representing a 0.6 percent availability rate across the tower. The building closed three leases in the trailing 30 days at an average of $2,733 per month with a 15-day average time on market, and seven leases over the past 90 days averaging $2,579 per month with a 22-day average DOM.

The single active listing asks $2,950 per month for a 750-square-foot one-bedroom-plus-den, translating to $3.93 per square foot. That rate sits below the 90-day realized lease average of $4.04 per square foot, even though the nominal monthly rent is higher than the 90-day average of $2,579, because the active suite is 79 square feet larger than the historical lease average of 671 square feet. Against the Etobicoke South submarket asking benchmark of $3.84 per square foot, Queensway Park's active rate runs 2.3 percent above market, a premium explained entirely by the expanded footprint rather than a rate markup.

Marketing friction at Queensway Park is low: the active listing has been on market for 14 days, well under the submarket average of 25 days, and the 30-day closed cohort averaged 15 days, also below benchmark. Across all seven tracked leases, tenants negotiated an average concession of $7 per month, or 0.34 percent below asking, with 14.3 percent of deals closing under the listed price. Inventory depth is effectively a single-unit situation: the one available listing is a one-bedroom-plus-den, leaving no multi-bedroom or studio options for renters seeking alternatives within this building.

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Active Rental Inventory & Asking Rates

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

Active Units1
-2 (66.7%)
Avg Asking Rent$2,950
-$150 (4.8%)
Avg Suite Size750 sf
-83 sf (10.0%)
Avg Days on Market14d
-21d (59.6%)
Avg Asking $/SF$3.93
+$0.05 (1.2%)

Active Market Insights & Questions

How has rental availability changed at Queensway Park recently?

Queensway Park has one active listing as of August 31, 2026, asking $2,950 per month with both the average and median rent at $2,950. The available suite measures 750 square feet at $3.93 per square foot, and the 100 percent layout share is a one-bedroom-plus-den. With only a single unit on the market, inventory skews toward a mid-size executive one-bedroom rather than compact entry-level studios or two-bedroom family layouts.

What floor plans and unit layouts are currently available at Queensway Park?

The sole active layout at Queensway Park is the one-bedroom-plus-den, accounting for 100 percent of available inventory with one listing. That unit asks $2,950 per month across 750 square feet, yielding a rate of $3.93 per square foot. No studio, one-bedroom, or two-bedroom tiers are currently listed, so renters seeking alternative bedroom configurations must look to the broader Etobicoke South submarket.

What is the average asking rent and $/SF by suite size at Queensway Park?

Queensway Park's active pricing spread is zero dollars and zero percent, as the single available unit sets both the minimum and maximum asking rent at $2,950 per month. The median asking rent is likewise $2,950. The entry-level and peak suite are the same listing: a one-bedroom-plus-den at 750 square feet and $3.93 per square foot, so there is no internal price gradient to compare within the building's current inventory.

How much extra do parking spaces and dens cost at Queensway Park?

Queensway Park's active den premium and square-footage delta cannot be quantified because the single available listing already includes a den, leaving no paired one-bedroom comparison to isolate the marginal cost of den space. Parking stall premiums also cannot be reliably isolated from the current data; the sample is insufficient to produce a defensible per-month figure, so renters should confirm parking costs directly with the leasing office.

How do asking rents at Queensway Park compare to local and municipal benchmarks?

Queensway Park's active asking rent of $2,950 per month and $3.93 per square foot compare to the Etobicoke South submarket averages of $2,640 per month and $3.84 per square foot, placing the building 2.3 percent above the submarket asking rate on a per-square-foot basis. The higher nominal rent is driven by suite size: the active unit at 750 square feet is 63 square feet larger than the submarket implied average of 688 square feet, so the per-foot rate tells the true pricing story. Queensway Park's one active listing represents 1 out of 49 available listings in the Etobicoke South submarket, or roughly 2 percent 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 Queensway Park (Data period: For the month of August 2026).

Units Leased3
Avg Leased Price$2,733
Avg Leased Size671 sf
Avg Days to Lease15d
Leased $/SF$3.94

Leased Transaction Insights & Questions

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

Queensway Park at 7 Smith Cres closed three leases in the trailing 30 days with an average DOM of 15, compared to a 90-day average DOM of 22 and a submarket benchmark of 25 days. The 90-day window captured all seven lifetime leases at an average rent of $2,579 per month, while the 30-day slice shows leasing cadence accelerating with a 15-day absorption rate. Lifetime volume remains at seven closed leases, meaning the building is still in early occupancy ramp rather than steady-state turnover.

What is the negotiation spread between asking rents and closed lease prices at Queensway Park?

Queensway Park tenants negotiated an average discount of $7 per month (0.34% below asking), translating to $84 in annual savings per unit across tracked leases. One of seven leases (14.3%) closed under the listed asking price, confirming modest tenant leverage in a market where most transactions settled at or near the posted rate. The net negotiation spread of -$7 per month signals landlord concessions rather than pricing power, and the tenant-favorable direction holds across the full sample.

What are typical executed lease prices across different layouts at Queensway Park?

The 1-Bedroom layout dominates Queensway Park's lease volume with four closed deals averaging $2,013 per month and a 26-day DOM, while the 2-Bedroom tier recorded a single transaction at $2,550 per month with a 9-day DOM. The 1-Bedroom sample (4 leases) is a limited directional indicator: median rent sits at $2,000, the P25–P75 range spans $1,950 to $2,062, average suite size is 475 square feet, and the rate per square foot lands at $4.32. The 2-Bedroom lease represents an individual single transaction at 650 square feet and $3.92 per square foot, not a broad statistical benchmark. The 2-Bedroom + Den closed as a single deal at $3,250 per month across 850 square feet ($3.82 per square foot) with a 28-day DOM. The 3-Bedroom+ lease is likewise an individual transaction at $4,200 per month for 1,300 square feet ($3.23 per square foot), absorbed in 12 days.

What measurable rent premium did suites with parking achieve in closed leases at Queensway Park?

Queensway Park's realized leased parking premium cannot be isolated due to insufficient paired data between bundled and unbundled suites. No verified parking surcharge emerged from the seven tracked leases, and the active listing's parking figure is flagged as an unreliable outlier rather than a market-clearing rate. Tenants should treat any quoted parking add-on at this building as unverified until a larger paired sample confirms a consistent premium.

How does the lease-to-listing ratio at Queensway Park reflect current tenant demand?

Queensway Park's tracked monthly timeline shows a dip-and-recover rent pattern across June through August 2026, with the 30-day average settling at $2,733 per month. June closed three leases averaging $2,633 per month at $3.85 per square foot with an 18-day DOM. July recorded a single lease at $1,950 per month; the lower nominal rent reflects a compact suite footprint rather than property devaluation, as the rate per square foot actually climbed to $4.88, though DOM stretched to 56 days. August rebounded with three closings at $2,733 per month, $3.94 per square foot, and a tight 15-day DOM, confirming renewed leasing momentum into late summer.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,000
Avg Suite Size650 sf
Avg Days on Market112d
Delisted $/SF$4.62

De-Listed Market Analysis & Questions

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

Queensway Park logged one delisted unit in the tracked period, representing a 33.3% delisted-to-leased ratio against trailing 30-day volume (1 delisted vs. 3 leased) and 14.3% against lifetime volume. The single delisting was an expired listing; zero units were terminated or suspended. At this sample size the ratio functions as a directional friction indicator rather than a systemic vacancy signal, but it does flag that one in every three recent lease events ended without a signed tenancy.

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

The delisted unit at Queensway Park asked an average of $3,000 per month, which is $267 per month (9.8%) above the 30-day realized lease average of $2,733 per month. The delisted listing's rate per square foot of $4.62 also exceeds the 30-day leased average of $3.94 per square foot, confirming direct overpricing relative to market-clearing levels rather than a footprint-driven nominal gap. This spread indicates the asking price sat above what tenants were willing to pay in the same submarket window.

What market friction causes rental listings to stall or de-list at Queensway Park?

The delisted listing at Queensway Park sat on market for an average of 112 days, compared to a 30-day realized lease DOM of 15 days and a lifetime average of 22 days. The 97-day excess over the 30-day benchmark (or 90 days over lifetime) translates to roughly $9,700 in lost rent at the $3,000 asking rate, plus ongoing condo maintenance fees during the unrented carry period. This carrying cost underscores the financial penalty of pricing above the submarket's clearing level in Etobicoke South.

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)
2026-04-27228507004.0968
2026-04-28228507004.0969
2026-04-29228507004.0970
2026-04-30129007503.8733
2026-05-01229507004.2417
2026-05-02229507004.2418
2026-05-03229507004.2419
2026-05-04229507004.2420
2026-05-05229507004.2421
2026-05-06229507004.2422
2026-05-07229507004.2423
2026-05-08229507004.2424
2026-05-09229507004.2425
2026-05-10229507004.2426
2026-05-11229507004.2427
2026-05-12229507004.2428
2026-05-13229507004.2429
2026-05-14229507004.2430
2026-05-15229507004.2431
2026-05-16229507004.2432
2026-05-17229507004.2433
2026-05-18229507004.2434
2026-05-19229507004.2435
2026-05-20229507004.2436
2026-05-21427756634.3019
2026-05-22427756634.3020
2026-05-23427756634.3021
2026-05-24427756634.3022
2026-05-25427756634.3023
2026-05-26526406404.2019
2026-05-27526406404.2020
2026-05-28526406404.2021
2026-05-29526406404.2022
2026-05-30626586424.2019
2026-05-31626586424.2020
2026-06-01626586424.2021
2026-06-02626586424.2022
2026-06-03626586424.2023
2026-06-04526106204.2715
2026-06-05526106204.2716
2026-06-06526106204.2717
2026-06-07526106204.2718
2026-06-08526106204.2719
2026-06-09526106204.2720
2026-06-10526106204.2721
2026-06-11425756134.2825
2026-06-12327336334.4429
2026-06-13426886384.3122
2026-06-14426886384.3123
2026-06-15426886384.3124
2026-06-16426886384.3125
2026-06-17426886384.3126
2026-06-18325005674.4727
2026-06-19325005674.4728
2026-06-20325005674.4729
2026-06-21325005674.4730
2026-06-22224755254.7542
2026-06-23224755254.7543
2026-06-24224755254.7544
2026-06-25224755254.7545
2026-06-26224755254.7546
2026-06-27224755254.7547
2026-06-28224755254.7548
2026-06-29224755254.7549
2026-06-30224755254.7550
2026-07-01224755254.7551
2026-07-02224755254.7552
2026-07-03224755254.7553
2026-07-04224755254.7554
2026-07-05224755254.7555
2026-07-06224755254.7556
2026-07-07224755254.7557
2026-07-08224755254.7558
2026-07-09224755254.7559
2026-07-10224755254.7560
2026-07-11224755254.7561
2026-07-12224755254.7562
2026-07-13224755254.7563
2026-07-14224755254.7564
2026-07-15224755254.7565
2026-07-16130006504.6276
2026-07-17130006504.6277
2026-07-18130006504.6278
2026-07-19130006504.6279
2026-07-20130006504.6280
2026-07-21130006504.6281
2026-07-22236009753.9241
2026-07-23236009753.9242
2026-07-24236009753.9243
2026-07-25236009753.9244
2026-07-26236009753.9245
2026-07-27331008333.8931
2026-07-28331008333.8932
2026-07-29331008333.8933
2026-07-30331008333.8934
2026-07-31331008333.8935
2026-08-01331008333.8936
2026-08-02331008333.8937
2026-08-03225506004.2251
2026-08-04225506004.2252
2026-08-05323505334.4435
2026-08-06323505334.4436
2026-08-07323505334.4437
2026-08-08323505334.4438
2026-08-09323505334.4439
2026-08-10323505334.4440
2026-08-11323505334.4441
2026-08-12323505334.4442
2026-08-13323505334.4443
2026-08-14323505334.4444
2026-08-15224755254.7558
2026-08-16224755254.7559
2026-08-17326336004.4740
2026-08-18229757004.2755
2026-08-19229757004.2756
2026-08-20229757004.2757
2026-08-21129507503.934
2026-08-22129507503.935
2026-08-23129507503.936
2026-08-24129507503.937
2026-08-25129507503.938
2026-08-26129507503.939
2026-08-27129507503.9310
2026-08-28129507503.9311
2026-08-29129507503.9312
2026-08-30129507503.9313
2026-08-31129507503.9314

12-Month Market Dynamics & Trend Trajectory

Queensway Park's average realized rent of $2,579 per month sits approximately 7% above the Etobicoke South submarket average of $2,411, while the building's $4.04 per square foot rate carries an 8% premium over the submarket's $3.74 per square foot benchmark. The building's 22-day average DOM undercuts the submarket's 25-day norm, suggesting that the rent premium is being absorbed without a material drag on absorption speed. Pricing discipline at Queensway Park skews tenant-favorable: one of seven leases (14.3%) closed below asking, producing a net negotiation spread of -$7 per month (0.34% discount) and $84 in annualized tenant savings. The remaining leases settled at or near the posted rate, indicating that landlords at this building are largely holding their asking prices while conceding modestly where tenants push back. No landlord premium or above-asking revenue gain is present in the tracked data.

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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
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)
2026-06-07121005503.8217
2026-06-14132508503.8228
2026-06-21125506503.929
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-12119504004.8856
2026-07-190N/AN/AN/AN/A
2026-07-260N/AN/AN/AN/A
2026-08-021420013003.2312
2026-08-09120505503.7319
2026-08-16119504004.8813

Nearby Building Rental Comparables & Price Spreads

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

Queensway Park at 7 Smith Cres sits in a tight cluster of four nearby competitors along The Queensway corridor in Etobicoke South, all of which recorded closed lease transactions over the trailing 180 days. Qube Condos on the Queensway (760 The Queensway, 0.02 km, built in 2015) logged a single closed lease at an average of $3,150 per month across 1,010 square feet. Curio Condos (799-801 The Queensway, 0.17 km, built in 2025) and Reina Condos (689 The Queensway, 0.41 km, built in 2025) each closed 14 leases, while 859 West (859 The Queensway, 0.47 km, built in 2024) recorded 8. The competitive set spans a nine-year structural range from the 2015 Qube tower to the 2025 Curio and Reina deliveries, with Queensway Park's 2022 completion placing it squarely in the mid-generation cohort. No competitor in this immediate pocket recorded zero transactions, so all four serve as active pricing benchmarks rather than architectural references alone. The four-building comp set averages $2,683 per month in realized rent, $3.54 per square foot, and 776 square feet of interior space. Queensway Park's all-time leased average of $2,579 per month and 671 square feet positions the subject below the comp mean on both nominal rent and total footprint, yet its $4.04 per square foot rate runs a meaningful premium over the $3.54 comp average. The building's 167-suite scale and 2022 construction give it a mid-market age advantage over the 2015 Qube tower while remaining a few years older than the 2024-2025 cohort, creating a value proposition anchored in per-square-foot efficiency rather than raw suite size.

760 The Queensway, Etobicoke

Avg Asking$3,150/mo
Avg $/SF$3.12
Rent Spread:
+$200/mo (+6.8%) Higher

799-801 The Queensway, Etobicoke

Avg Asking$2,300/mo
Avg $/SF$3.85
Rent Spread:
-$650/mo (-22.0%) Lower

689 The Queensway, Etobicoke

Avg Asking$2,613/mo
Avg $/SF$3.79
Rent Spread:
-$337/mo (-11.4%) Lower

859 The Queensway, Etobicoke

Avg Asking$2,756/mo
Avg $/SF$3.58
Rent Spread:
-$194/mo (-6.6%) Lower

6 Chartwell Road, Etobicoke

Avg Asking$2,303/mo
Avg $/SF$3.80
Rent Spread:
-$647/mo (-21.9%) Lower

51 Lady Bank Rd, Etobicoke

Avg Asking$2,000/mo
Avg $/SF$3.67
Rent Spread:
-$950/mo (-32.2%) Lower

Comparable Analysis & Questions

How do rental rates at Queensway Park compare to neighbouring buildings within Etobicoke South?

Queensway Park's average realized lease rent of $2,579 per month sits $104 below the four-building comp benchmark of $2,683, with the spread driven primarily by the subject's smaller average suite footprint rather than a weaker rate per square foot. Qube Condos on the Queensway (760 The Queensway, 0.02 km, 1 closed lease) averaged $3,150 per month at $3.12 per square foot across 1,010 square feet, placing the subject $571 lower in nominal rent. Curio Condos (799-801 The Queensway, 0.17 km, 14 closed leases) averaged $2,278 per month at $3.82 per square foot over 601 square feet, making the subject $301 higher. Reina Condos (689 The Queensway, 0.41 km, 14 closed leases) averaged $2,563 per month at $3.77 per square foot across 686 square feet, a mere $16 below the subject. 859 West (859 The Queensway, 0.47 km, 8 closed leases) averaged $2,741 per month at $3.45 per square foot over 806 square feet, leaving the subject $162 lower in total monthly rent.

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

Queensway Park leases at $4.04 per square foot across an average 671-square-foot suite, a rate that commands a premium over every active nearby competitor while the total footprint trails the comp average of 776 square feet. Against Qube Condos on the Queensway, the subject trades at a $0.92 per square foot (29.5%) premium yet provides 339 fewer interior square feet, meaning the $571 lower nominal rent is a direct function of the smaller footprint rather than a weaker per-square-foot valuation. Versus Curio Condos, the subject commands a $0.22 per square foot (5.8%) premium and delivers 70 more interior square feet, so the $301 higher monthly rent reflects both a larger suite and a slightly higher rate. Against Reina Condos, the subject carries a $0.27 per square foot (7.2%) premium with 15 fewer square feet, producing a near-identical $16 rent differential where the rate advantage almost perfectly offsets the size gap. With 859 West, the subject trades at a $0.59 per square foot (17.1%) premium but provides 135 fewer square feet, explaining why the nominal rent lands $162 below that competitor despite the higher per-square-foot rate.

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

Queensway Park offers a 14-feature lifestyle package that overlaps heavily with its immediate peers while distinguishing itself through a shared laundry room, an indoor kids' play room, and a dedicated dining room and kitchen that several nearby competitors lack. Qube Condos on the Queensway provides a tennis and pickleball court and a meeting room absent from the subject's roster, while 859 West differentiates with private cabanas, lawn bowling lanes, and an outdoor children's playground that Queensway Park does not replicate. Curio Condos and Reina Condos both include business centres, café or media spaces, and EV or parcel infrastructure that the subject omits, though Queensway Park counters with a pet wash station (shared only with Curio and Reina) and a games and billiards room common to all four buildings. The building's amenity mix—spanning concierge security, gym and yoga studio, rooftop terrace with BBQ, garden courtyard, hobby room, library, and indoor play space—serves cost-conscious young professionals and small families in Etobicoke South who want a full-service residential experience without the premium pricing attached to the larger-suite or specialty-recreation offerings of the 2024-2025 cohort.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Queensway Park.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Party & Lounge Room
  • Hobby Room
  • Kids' Play Room - Indoor
  • Pet Wash Station
  • Rooftop Terrace
  • BBQ Area
  • Library & Reading Room
  • Dining Room & Kitchen
  • Shared Laundry Room
  • Garden & Courtyard
  • Yoga Studio
  • Games & Billiards Room

Data Methodology & Analytical Standards

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

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.