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Market Data as of August 31, 2026

Symphony Place — Rental Market Data

71 Simcoe St, Toronto, Ontario M5J 1W9
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
2-Bedroom
1
$4,000

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed1991
Total Suites87
DeveloperSymphony Place

Symphony Place is an established residential building located at 71 Simcoe St in the Downtown Core neighborhood of Toronto. Developed and completed in 1991, the 87-suite tower maintains an active listing count of 1 unit, translating to an availability rate of 1.1 percent alongside a current average of 82 days on the market. Furthermore, the building recorded 0 closed leases over the 90-day period with an average days on market of 0 days, alongside 0 closed leases over the 30-day period with an average days on market of 0 days.

Current active asking rent sits at $4,000 per month across an average suite size of 1,300 square feet, yielding an average rate of $3.08 per square foot. Because historical closed lease data is unavailable in the dataset, asking metrics represent the primary baseline for the building. This active asking rate per square foot trades 32.5 percent below the broader Downtown Core submarket asking benchmark of $4.56 per square foot, providing prospective renters with more expansive floor plans at a lower relative cost per square foot despite a higher nominal monthly outlay.

Marketing friction is currently reflected by a delisted count of 1 unit which spent an average of 22 days on the market before removal. Inventory is strictly limited to 2-Bedroom configurations, leaving zero active units available across 1-Bedroom or 3-Bedroom floor plans.

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Active Rental Inventory & Asking Rates

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

Active Units1
-1 (50.0%)
Avg Asking Rent$4,000
+$250 (6.7%)
Avg Suite Size1,300 sf
+35 sf (2.8%)
Avg Days on Market82d
+52d (168.9%)
Avg Asking $/SF$3.08
+$0.12 (3.9%)

Active Market Insights & Questions

How has rental availability changed at Symphony Place recently?

Symphony Place features 1 active listing as of August 31, 2026, commanding an average rent and median rent of $4,000 per month. Active inventory averages 1,300 square feet with an asking rate of $3.08 per square foot. Two-bedroom configurations account for 100 percent of current active inventory, concentrating all available options within multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at Symphony Place?

The dominant active layout at Symphony Place is the 2-Bedroom configuration, representing 1 active listing and a 100 percent inventory share. This sole available tier averages $4,000 per month across 1,300 square feet, resulting in an asking rate of $3.08 per square foot. Zero units are currently available in any other bedroom category.

What is the average asking rent and $/SF by suite size at Symphony Place?

Symphony Place exhibits a minimum entry rent of $4,000 per month and a peak asking rent of $4,000 per month, creating a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent matches this at $4,000 per month. The entry-level suite consists of a 2-Bedroom layout spanning 1,300 square feet at an asking rate of $3.08 per square foot, which is identical to the peak suite specifications.

How much extra do parking spaces and dens cost at Symphony Place?

Active den premium data for Symphony Place is unavailable, as active den square footage deltas and marginal costs per square foot are null. Active parking premium data cannot be reliably isolated due to an unreliable or insufficient sample. Consequently, parking fees cannot be verified or quantified.

How do asking rents at Symphony Place compare to local and municipal benchmarks?

Symphony Place asks an average rent of $4,000 per month at $3.08 per square foot, compared to the Downtown Core submarket asking averages of $3,471 per month and $4.56 per square foot. The building's asking rate per square foot sits 32.5 percent below the submarket average while commanding a higher nominal monthly rent due to its exceptionally large average suite size of 1,300 square feet. This single active listing represents a 0.4 percent share of the 224 total active units across the submarket.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units1
Avg Asking Price$3,500
Avg Suite Size1,230 sf
Avg Days on Market22d
Delisted $/SF$2.85

De-Listed Market Analysis & Questions

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

Symphony Place recorded 1 total delisted unit, resulting in a delisted-to-lifetime-leased ratio that is mathematically undefined due to zero historical leases. This single delisted event consists entirely of 1 terminated listing, with zero expired and zero suspended listings. This represents a limited sample size indicator rather than an established statistical benchmark.

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

Symphony Place recorded an average delisted asking rent of $3,500 per month, with a nominal dollar spread and rate-per-square-foot gap relative to realized leases that cannot be calculated due to zero closed transactions. Unrented units asked exactly at realized lease parity based on the available dataset parameters. Prospective tenants evaluated these unrented listings against an average asking rate of $2.85 per square foot.

What market friction causes rental listings to stall or de-list at Symphony Place?

Symphony Place recorded an average days-on-market duration of 22 days for its single delisted listing, while realized lease days-on-market data is unavailable. Excess marketing days and associated economic carrying costs cannot be computed due to the lack of a baseline realized lease duration. The single unrented listing was pulled after three weeks of active marketing without securing a tenant.

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
Select layout to filter chart
Chart Metrics
Max 2 Plotted
Show Min / Max Range Bands
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)
2026-06-101400013003.08N/A
2026-06-111400013003.081
2026-06-121400013003.082
2026-06-131400013003.083
2026-06-141400013003.084
2026-06-151400013003.085
2026-06-161400013003.086
2026-06-171400013003.087
2026-06-181400013003.088
2026-06-191400013003.089
2026-06-201400013003.0810
2026-06-211400013003.0811
2026-06-221400013003.0812
2026-06-231400013003.0813
2026-06-241400013003.0814
2026-06-251400013003.0815
2026-06-261400013003.0816
2026-06-271400013003.0817
2026-06-281400013003.0818
2026-06-291400013003.0819
2026-06-301400013003.0820
2026-07-011400013003.0821
2026-07-021400013003.0822
2026-07-031400013003.0823
2026-07-041400013003.0824
2026-07-051400013003.0825
2026-07-061400013003.0826
2026-07-071400013003.0827
2026-07-081400013003.0828
2026-07-091400013003.0829
2026-07-101400013003.0830
2026-07-111400013003.0831
2026-07-121400013003.0832
2026-07-131400013003.0833
2026-07-141400013003.0834
2026-07-151400013003.0835
2026-07-161400013003.0836
2026-07-171400013003.0837
2026-07-181400013003.0838
2026-07-191400013003.0839
2026-07-201400013003.0840
2026-07-212375012652.9621
2026-07-222375012652.9622
2026-07-232375012652.9623
2026-07-242375012652.9624
2026-07-252375012652.9625
2026-07-262375012652.9626
2026-07-272375012652.9627
2026-07-282375012652.9628
2026-07-292375012652.9629
2026-07-302375012652.9630
2026-07-312375012652.9631
2026-08-012375012652.9632
2026-08-022375012652.9633
2026-08-032375012652.9634
2026-08-042375012652.9635
2026-08-052375012652.9636
2026-08-062375012652.9637
2026-08-072375012652.9638
2026-08-082375012652.9639
2026-08-092375012652.9640
2026-08-102375012652.9641
2026-08-112375012652.9642
2026-08-121400013003.0863
2026-08-131400013003.0864
2026-08-141400013003.0865
2026-08-151400013003.0866
2026-08-161400013003.0867
2026-08-171400013003.0868
2026-08-181400013003.0869
2026-08-191400013003.0870
2026-08-201400013003.0871
2026-08-211400013003.0872
2026-08-221400013003.0873
2026-08-231400013003.0874
2026-08-241400013003.0875
2026-08-251400013003.0876
2026-08-261400013003.0877
2026-08-271400013003.0878
2026-08-281400013003.0879
2026-08-291400013003.0880
2026-08-301400013003.0881
2026-08-311400013003.0882

12-Month Market Dynamics & Trend Trajectory

Symphony Place features zero lifetime leasing volume, average rent, rate per square foot, average suite size, or days-on-market metrics, indicating a complete absence of recorded historical tenant turnover within the platform database. The building operates with an availability rate of 1.1 percent under an established 87-suite development, backed by 1 active listing boasting an average asking rent of $4,000 per month and 1,300 square feet. Pricing discipline and transactional leverage at Symphony Place cannot be evaluated through historical closed lease distributions because zero transactions are recorded. The single active listing asks $3.08 per square foot, which sits 32.5 percent below the Downtown Core submarket average asking rate of $4.56 per square foot. Negotiation dynamics remain undefined in the absence of paired asking-versus-closing price data.

Loading inventory data…

Nearby Building Rental Comparables & Price Spreads

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

Symphony Place at 71 Simcoe St operates alongside four key competitors in the Downtown Core micro-market, anchored by Empire Plaza at 33 University Ave (0.17 km away, built in 1990, with 8 active leases), Theatre Park at 224 King St W (0.18 km away, built in 2015, with 15 active leases), Residences at 183 Wellington St W (0.22 km away, built in 2011, with 4 active leases), and Living Shangri-La Toronto at 180 University Ave (0.27 km away, built in 2012, with 18 active leases). This competitive set highlights an age contrast between the building's 1991 completion and the newer 2011 to 2015 generation of high-rises. Across this four-property benchmark set, the average comparable rent sits at $6,030 per month, trading at an average of $5.54 per square foot across an average footprint of 1,092 square feet. Symphony Place is positioned as an established, larger-format option that trades below the micro-market's average square foot rate, offering renters expansive layouts that contrast sharply with the more compact square footages common in post-2010 developments.

33 University Ave, Toronto

Avg Asking$3,505/mo
Avg $/SF$2.88
Rent Spread:
-$495/mo (-12.4%) Lower

224 King St W, Toronto

Avg Asking$3,985/mo
Avg $/SF$6.87
Rent Spread:
-$15/mo (-0.4%) Lower

183 Wellington St W, Toronto

Avg Asking$15,273/mo
Avg $/SF$11.49
Rent Spread:
+$11,273/mo (+281.8%) Higher

180 University Ave, Toronto

Avg Asking$6,794/mo
Avg $/SF$7.20
Rent Spread:
+$2,794/mo (+69.8%) Higher

126 Simcoe St, Toronto

Avg Asking$2,666/mo
Avg $/SF$4.27
Rent Spread:
-$1,334/mo (-33.4%) Lower

21 Nelson St, Toronto

Avg Asking$2,683/mo
Avg $/SF$4.64
Rent Spread:
-$1,317/mo (-32.9%) Lower

Comparable Analysis & Questions

How do rental rates at Symphony Place compare to neighbouring buildings within Downtown Core?

Symphony Place maintains an active average asking rent of $4,000 per month, which compares against an overall comparable average lease rent of $6,030 per month across its primary Downtown Core competitors. Empire Plaza (33 University Ave) reports an average lease rent of $3,319 per month at $2.89 per square foot across an average of 1,156 square feet. Theatre Park (224 King St W) achieves an average lease rent of $3,013 per month at $4.57 per square foot across 671 square feet. Residences (183 Wellington St W) commands an average lease rent of $11,550 per month at $7.52 per square foot across an average of 1,550 square feet. Living Shangri-La Toronto (180 University Ave) posts an average lease rent of $6,236 per month at $7.17 per square foot across 990 square feet.

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

Symphony Place establishes its value proposition through a competitive asking rate of $3.08 per square foot across an average suite size of 1,300 square feet, undercutting the submarket average asking rate of $4.56 per square foot. Renters evaluating Symphony Place versus Theatre Park (671 square feet at $4.57 per square foot) or Living Shangri-La Toronto (990 square feet at $7.17 per square foot) trade modern architectural finishes and comprehensive hotel-style amenities for significantly larger room proportions and a lower overall dollar-per-square-foot baseline. While newer competitors like Residences (1,550 square feet at $7.52 per square foot) command high premiums for ultra-luxury finishes, Symphony Place delivers traditional, house-sized square footage at a more accessible entry cost.

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

Symphony Place provides a robust selection of resident amenities that compete effectively with newer developments in the Downtown Core, featuring a 24-hour concierge and security, a fully equipped gym and fitness centre, a party and lounge room, a dedicated meeting room, a sauna and steam room, and a hot tub and jacuzzi. When contrasted with Empire Plaza, which features a library, rooftop terrace, and on-site retail services, or Theatre Park, which includes an outdoor pool, yoga studio, and restaurant-bar, Symphony Place focuses on core wellness and social spaces rather than open-air terraces. Compared against ultra-luxury towers like Residences and Living Shangri-La Toronto—both of which incorporate full-scale spas, indoor pools, business centres, and yoga studios—Symphony Place offers a streamlined wellness package tailored to professionals seeking essential recreational infrastructure without luxury maintenance fee inflations.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Symphony Place.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Party & Lounge Room
  • Meeting Room
  • Sauna & Steam Room
  • Hot Tub & Jacuzzi

Data Methodology & Analytical Standards

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