Market Data as of August 31, 2026
Parkside Towers at World on Yonge (B1) — Rental Market Data
Building Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Parkside Towers at World on Yonge (B1) at 7165 Yonge Street in Markham West is a 309-suite residential building completed in 2015 by Liberty Development Corp., currently showing one active listing out of 40 available units across the submarket, representing a 0.3 percent availability rate. Leasing velocity remains steady: five closed leases in the trailing 30 days at an average of $2,474 per month with a 13-day average time on market, and 18 closed leases over the past 90 days averaging $2,594 per month with a 23-day average DOM.
The single active suite asks $2,450 per month on 650 square feet, translating to $3.77 per square foot, which is higher than the 90-day realized lease rate of $3.66 per square foot despite the nominal monthly rent sitting below the 90-day average of $2,594. The current listing footprint of 650 square feet is more compact than the historical lease average of 682 square feet, meaning the per-square-foot rate is elevated relative to what tenants have actually paid. Against the Markham West submarket asking benchmark of $3.61 per square foot, the building's active rate runs 4.4 percent above the broader market.
Marketing friction is modest: the active listing has been on market for 14 days and 30-day closed leases averaged 13 days, both well under the submarket average of 26 days, indicating no meaningful leasing deceleration. However, inventory depth is effectively nonexistent beyond this one unit, so renters seeking alternatives in this building should monitor new listings or pivot to the 39 other active units across Markham West. Across all 22 tracked closed transactions, tenants secured an average concession of $53 per month, or 2.02 percent below asking, with 45.5 percent of leases closing under the initial list price and an annualized savings of $636.
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Active Rental Inventory & Asking Rates
Current market availability, asking prices, and unit price histories at Parkside Towers at World on Yonge (B1) as of August 31, 2026 (comparing August 2026 vs July 2026).
Active Market Insights & Questions
How has rental availability changed at Parkside Towers at World on Yonge (B1) recently?
Parkside Towers at World on Yonge (B1) has one active listing as of August 31, 2026, asking $2,450 per month with no spread between minimum and maximum. The available suite measures 650 square feet at $3.77 per square foot, and the 100 percent layout share is a single 1-Bedroom + Den unit. With only one listing on the market, the building offers no tiered selection; renters are limited to this compact entry-level-plus-den configuration rather than a range of studio through multi-bedroom options.
What floor plans and unit layouts are currently available at Parkside Towers at World on Yonge (B1)?
The sole active layout at Parkside Towers at World on Yonge (B1) is a 1-Bedroom + Den, representing 100 percent of available inventory as a single listing. That one unit asks $2,450 per month on 650 square feet at $3.77 per square foot, with no other bedroom tiers currently listed. Renters seeking studios, two-bedroom, or three-bedroom configurations will need to look to the 39 other active listings across the Markham West submarket.
What is the average asking rent and $/SF by suite size at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) shows a minimum and maximum asking rent of $2,450 per month, producing a zero-dollar and zero-percent spread because only one unit is listed. The entry-level and peak suite are the same 1-Bedroom + Den at 650 square feet and $3.77 per square foot, so there is no internal price gradient to compare. Renters should note that the 90-day realized lease average of $2,594 per month and the delisted average of $2,898 per month both sit above this current asking figure, suggesting the active unit is priced at a competitive entry point relative to recent transactions.
How much extra do parking spaces and dens cost at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) does not have a quantified den premium or square-footage delta for its active listing, as the single available unit already includes the den in its base configuration. Marginal cost per square foot for additional den space cannot be calculated from the current sample. Active parking premiums cannot be reliably isolated due to an insufficient paired sample, though historical lease data confirms a verified parking stall cost of $184 per month.
How do asking rents at Parkside Towers at World on Yonge (B1) compare to local and municipal benchmarks?
The active asking rent at Parkside Towers at World on Yonge (B1) of $2,450 per month sits below the Markham West submarket average asking rent of $2,730 per month, while the building's $3.77 per square foot rate runs 4.4 percent above the submarket asking benchmark of $3.61 per square foot. The lower nominal monthly rent is explained by the 650-square-foot footprint being more compact than the submarket average suite size, which pushes the per-square-foot rate higher despite the smaller total bill. This building represents one out of 40 active listings in the Markham West submarket, or 2.5 percent of available 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 Parkside Towers at World on Yonge (B1) (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Parkside Towers at World on Yonge (B1) last month, and how fast did they rent?
Parkside Towers at World on Yonge (B1) closed 5 leases in the trailing 30 days at an average 13 days on market, compared to 18 leases over 90 days at 23 DOM and a submarket benchmark of 26 DOM. The building logged 22 lifetime closed leases, all within the past year, indicating steady but moderate leasing turnover rather than a surge. The 30-day DOM of 13 days sits well below the submarket average of 26 days, suggesting units are clearing faster than the broader Markham West market when properly priced.
What is the negotiation spread between asking rents and closed lease prices at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) tenants negotiated an average discount of $53 per month (2.02% below asking), translating to $636 in annual savings per lease. Forty-five percent of tracked leases closed under the listed asking price, confirming measurable tenant leverage in this submarket. Landlords at this building are conceding roughly two percent off sticker to close deals, a pattern consistent with competitive Markham West inventory rather than a landlord pricing premium.
What are typical executed lease prices across different layouts at Parkside Towers at World on Yonge (B1)?
The 1-Bedroom + Den (8 leases, 36.4% share) and 1-Bedroom (6 leases, 27.3% share) are the two anchor layouts at Parkside Towers at World on Yonge (B1), averaging $2,403 and $2,153 per month respectively with DOMs of 23 and 20 days. The 1-Bedroom + Den averages 646 square feet at $3.73 per square foot, with a P25–P75 rent band of $2,350 to $2,425. The 1-Bedroom averages 550 square feet at $3.92 per square foot, with a P25–P75 band of $2,142 to $2,195. The 2-Bedroom tier (4 leases) is a limited sample and directional only, averaging $2,875 per month across 825 square feet at $3.49 per square foot with 11 DOM. The 2-Bedroom + Den (4 leases) is likewise a small sample, averaging $3,038 per month across 850 square feet at $3.39 per square foot with 30 DOM.
What measurable rent premium did suites with parking achieve in closed leases at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) carries a verified leased parking premium of $184 per month above the base suite rent. This figure is confirmed across paired lease records and reflects the going rate for a dedicated parking stall in this building. Active listing data does not support a reliable parking premium estimate due to insufficient paired samples, so the $184 verified lease figure remains the most defensible benchmark for budgeting purposes.
How does the lease-to-listing ratio at Parkside Towers at World on Yonge (B1) reflect current tenant demand?
Parkside Towers at World on Yonge (B1) shows a mid-summer rent peak followed by a modest pullback, with the five-month tracked timeline spanning April through August 2026. April closed 2 deals at $2,450 average and 3.77 per square foot over 11 days. May closed 2 deals at $2,100 average and 3.82 per square foot over 13 days; the lower nominal rent here reflects compact suite footprints rather than property devaluation, as the per-square-foot rate actually rose. June closed 5 deals at $2,610 average and 3.52 per square foot over 29 days. July was the volume peak with 8 deals at $2,659 average and 3.81 per square foot over 26 days. August closed 5 deals at $2,474 average and 3.61 per square foot over 13 days, returning to a faster absorption pace.
De-Listed & Terminated Rental Market Dynamics
Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at Parkside Towers at World on Yonge (B1) (Data period: For the month of August 2026).
De-Listed Market Analysis & Questions
How many listings de-listed at Parkside Towers at World on Yonge (B1), and what was their re-listing price compared to previous asking?
Parkside Towers at World on Yonge (B1) recorded 5 delisted units against 5 leases in the trailing 30 days, a delisted-to-leased ratio of 100%, with 1 terminated, 3 expired, and 1 suspended listing. Against lifetime volume of 22 leases, the ratio drops to 22.7%, which is more representative of the building's longer-term friction rate. A 100% one-month ratio is a short-window artifact; the lifetime figure better reflects the steady-state rate at which unrented listings exit the market at this address.
How do asking prices on de-listed suites compare to executed leases and active listings at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) delisted units asked an average of $2,898 per month, which is $424 per month (17.1%) above the realized lease average of $2,474 per month. The delisted per-square-foot rate of $3.88 also exceeds the realized lease rate of $3.69 per square foot, confirming that unrented units were overpriced relative to what the market actually cleared. This is a direct overpricing signal: landlords listed above market-clearing levels and the units sat until they were pulled rather than repositioned.
What market friction causes rental listings to stall or de-list at Parkside Towers at World on Yonge (B1)?
Parkside Towers at World on Yonge (B1) delisted units averaged 73 days on market versus 21 days for realized leases, a gap of 52 excess marketing days. At the delisted asking rate of $2,898 per month, those 52 days represent roughly $5,036 in lost rent plus ongoing condo maintenance fees during the vacancy carry period. The 30-day comparison widens the gap to 60 excess days (73 minus 13), underscoring that overpriced listings at this building bleed significantly more carrying cost than properly priced units.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 3 | 2833 | 783 | 3.63 | 6 |
| 2026-04-28 | 4 | 2725 | 725 | 3.82 | 6 |
| 2026-04-29 | 4 | 2725 | 725 | 3.82 | 7 |
| 2026-04-30 | 3 | 2800 | 750 | 3.81 | 7 |
| 2026-05-01 | 3 | 2817 | 783 | 3.61 | 7 |
| 2026-05-02 | 3 | 2817 | 783 | 3.61 | 8 |
| 2026-05-03 | 3 | 2817 | 783 | 3.61 | 9 |
| 2026-05-04 | 3 | 2817 | 783 | 3.61 | 10 |
| 2026-05-05 | 3 | 2817 | 783 | 3.61 | 11 |
| 2026-05-06 | 3 | 2817 | 783 | 3.61 | 12 |
| 2026-05-07 | 4 | 2638 | 725 | 3.66 | 10 |
| 2026-05-08 | 5 | 2548 | 690 | 3.73 | 9 |
| 2026-05-09 | 5 | 2548 | 690 | 3.73 | 10 |
| 2026-05-10 | 5 | 2548 | 690 | 3.73 | 11 |
| 2026-05-11 | 5 | 2548 | 690 | 3.73 | 12 |
| 2026-05-12 | 5 | 2548 | 690 | 3.73 | 13 |
| 2026-05-13 | 5 | 2548 | 690 | 3.73 | 14 |
| 2026-05-14 | 5 | 2548 | 690 | 3.73 | 15 |
| 2026-05-15 | 7 | 2474 | 666 | 3.75 | 11 |
| 2026-05-16 | 7 | 2474 | 666 | 3.75 | 12 |
| 2026-05-17 | 7 | 2474 | 666 | 3.75 | 13 |
| 2026-05-18 | 7 | 2474 | 666 | 3.75 | 14 |
| 2026-05-19 | 7 | 2474 | 666 | 3.75 | 15 |
| 2026-05-20 | 7 | 2474 | 666 | 3.75 | 16 |
| 2026-05-21 | 7 | 2474 | 666 | 3.75 | 17 |
| 2026-05-22 | 7 | 2474 | 666 | 3.75 | 18 |
| 2026-05-23 | 7 | 2474 | 666 | 3.75 | 19 |
| 2026-05-24 | 8 | 2525 | 689 | 3.70 | 18 |
| 2026-05-25 | 8 | 2525 | 689 | 3.70 | 19 |
| 2026-05-26 | 8 | 2525 | 689 | 3.70 | 20 |
| 2026-05-27 | 8 | 2525 | 689 | 3.70 | 21 |
| 2026-05-28 | 8 | 2525 | 689 | 3.70 | 22 |
| 2026-05-29 | 7 | 2586 | 709 | 3.69 | 23 |
| 2026-05-30 | 7 | 2586 | 709 | 3.69 | 24 |
| 2026-05-31 | 8 | 2538 | 689 | 3.73 | 22 |
| 2026-06-01 | 8 | 2538 | 689 | 3.73 | 23 |
| 2026-06-02 | 9 | 2573 | 696 | 3.73 | 21 |
| 2026-06-03 | 10 | 2555 | 692 | 3.73 | 20 |
| 2026-06-04 | 10 | 2555 | 692 | 3.73 | 21 |
| 2026-06-05 | 12 | 2654 | 710 | 3.77 | 18 |
| 2026-06-06 | 12 | 2654 | 710 | 3.77 | 19 |
| 2026-06-07 | 12 | 2654 | 710 | 3.77 | 20 |
| 2026-06-08 | 13 | 2635 | 705 | 3.76 | 20 |
| 2026-06-09 | 13 | 2635 | 705 | 3.76 | 21 |
| 2026-06-10 | 13 | 2635 | 705 | 3.76 | 22 |
| 2026-06-11 | 13 | 2635 | 705 | 3.76 | 23 |
| 2026-06-12 | 13 | 2635 | 705 | 3.76 | 24 |
| 2026-06-13 | 14 | 2632 | 698 | 3.80 | 23 |
| 2026-06-14 | 14 | 2632 | 698 | 3.80 | 24 |
| 2026-06-15 | 14 | 2632 | 698 | 3.80 | 25 |
| 2026-06-16 | 14 | 2632 | 698 | 3.80 | 26 |
| 2026-06-17 | 14 | 2632 | 698 | 3.80 | 27 |
| 2026-06-18 | 13 | 2613 | 686 | 3.83 | 28 |
| 2026-06-19 | 12 | 2580 | 672 | 3.86 | 26 |
| 2026-06-20 | 12 | 2580 | 672 | 3.86 | 27 |
| 2026-06-21 | 12 | 2580 | 672 | 3.86 | 28 |
| 2026-06-22 | 11 | 2597 | 674 | 3.87 | 31 |
| 2026-06-23 | 10 | 2629 | 687 | 3.85 | 31 |
| 2026-06-24 | 11 | 2649 | 701 | 3.80 | 29 |
| 2026-06-25 | 11 | 2649 | 701 | 3.80 | 30 |
| 2026-06-26 | 12 | 2803 | 751 | 3.77 | 28 |
| 2026-06-27 | 12 | 2803 | 751 | 3.77 | 29 |
| 2026-06-28 | 11 | 2799 | 742 | 3.81 | 33 |
| 2026-06-29 | 11 | 2799 | 742 | 3.81 | 34 |
| 2026-06-30 | 11 | 2799 | 742 | 3.81 | 35 |
| 2026-07-01 | 11 | 2799 | 742 | 3.81 | 36 |
| 2026-07-02 | 12 | 2749 | 726 | 3.83 | 34 |
| 2026-07-03 | 12 | 2791 | 743 | 3.80 | 32 |
| 2026-07-04 | 11 | 2785 | 742 | 3.80 | 33 |
| 2026-07-05 | 11 | 2785 | 742 | 3.80 | 34 |
| 2026-07-06 | 13 | 2799 | 700 | 4.23 | 30 |
| 2026-07-07 | 13 | 2799 | 700 | 4.23 | 31 |
| 2026-07-08 | 15 | 2749 | 693 | 4.17 | 28 |
| 2026-07-09 | 15 | 2749 | 693 | 4.17 | 29 |
| 2026-07-10 | 15 | 2749 | 693 | 4.17 | 30 |
| 2026-07-11 | 14 | 2778 | 696 | 4.21 | 33 |
| 2026-07-12 | 14 | 2778 | 696 | 4.21 | 34 |
| 2026-07-13 | 13 | 2803 | 700 | 4.24 | 32 |
| 2026-07-14 | 12 | 2820 | 708 | 4.23 | 33 |
| 2026-07-15 | 12 | 2820 | 708 | 4.23 | 34 |
| 2026-07-16 | 12 | 2820 | 708 | 4.23 | 35 |
| 2026-07-17 | 12 | 2820 | 708 | 4.23 | 36 |
| 2026-07-18 | 12 | 2820 | 708 | 4.23 | 37 |
| 2026-07-19 | 12 | 2820 | 708 | 4.23 | 38 |
| 2026-07-20 | 11 | 2813 | 695 | 4.31 | 41 |
| 2026-07-21 | 9 | 2849 | 682 | 4.49 | 34 |
| 2026-07-22 | 9 | 2710 | 713 | 3.85 | 33 |
| 2026-07-23 | 10 | 2714 | 727 | 3.79 | 26 |
| 2026-07-24 | 10 | 2714 | 727 | 3.79 | 27 |
| 2026-07-25 | 10 | 2714 | 727 | 3.79 | 28 |
| 2026-07-26 | 9 | 2766 | 746 | 3.76 | 30 |
| 2026-07-27 | 8 | 2736 | 733 | 3.78 | 34 |
| 2026-07-28 | 8 | 2736 | 733 | 3.78 | 35 |
| 2026-07-29 | 8 | 2736 | 733 | 3.78 | 36 |
| 2026-07-30 | 8 | 2736 | 733 | 3.78 | 37 |
| 2026-07-31 | 8 | 2736 | 733 | 3.78 | 38 |
| 2026-08-01 | 8 | 2736 | 733 | 3.78 | 39 |
| 2026-08-02 | 9 | 2670 | 713 | 3.80 | 36 |
| 2026-08-03 | 7 | 2797 | 743 | 3.83 | 41 |
| 2026-08-04 | 7 | 2797 | 743 | 3.83 | 42 |
| 2026-08-05 | 7 | 2797 | 743 | 3.83 | 43 |
| 2026-08-06 | 5 | 2898 | 760 | 3.88 | 58 |
| 2026-08-07 | 5 | 2898 | 760 | 3.88 | 59 |
| 2026-08-08 | 4 | 2998 | 788 | 3.89 | 67 |
| 2026-08-09 | 4 | 2998 | 788 | 3.89 | 68 |
| 2026-08-10 | 4 | 2998 | 788 | 3.89 | 69 |
| 2026-08-11 | 4 | 2998 | 788 | 3.89 | 70 |
| 2026-08-12 | 4 | 2998 | 788 | 3.89 | 71 |
| 2026-08-13 | 3 | 3267 | 867 | 3.86 | 64 |
| 2026-08-14 | 3 | 3267 | 867 | 3.86 | 65 |
| 2026-08-15 | 3 | 3267 | 867 | 3.86 | 66 |
| 2026-08-16 | 3 | 3267 | 867 | 3.86 | 67 |
| 2026-08-17 | 4 | 3063 | 813 | 3.84 | 51 |
| 2026-08-18 | 4 | 3063 | 813 | 3.84 | 52 |
| 2026-08-19 | 4 | 3063 | 813 | 3.84 | 53 |
| 2026-08-20 | 5 | 3020 | 820 | 3.74 | 43 |
| 2026-08-21 | 5 | 3020 | 820 | 3.74 | 44 |
| 2026-08-22 | 5 | 3020 | 820 | 3.74 | 45 |
| 2026-08-23 | 4 | 2650 | 700 | 3.81 | 43 |
| 2026-08-24 | 3 | 2583 | 650 | 3.97 | 57 |
| 2026-08-25 | 3 | 2583 | 650 | 3.97 | 58 |
| 2026-08-26 | 3 | 2583 | 650 | 3.97 | 59 |
| 2026-08-27 | 3 | 2583 | 650 | 3.97 | 60 |
| 2026-08-28 | 3 | 2583 | 650 | 3.97 | 61 |
| 2026-08-29 | 3 | 2583 | 650 | 3.97 | 62 |
| 2026-08-30 | 2 | 2775 | 700 | 3.95 | 50 |
| 2026-08-31 | 1 | 2450 | 650 | 3.77 | 14 |
12-Month Market Dynamics & Trend Trajectory
Parkside Towers at World on Yonge (B1) realizes an average lease of $2,536 per month and $3.69 per square foot, sitting 3.1% below the Markham West submarket average rent of $2,616 but 4.8% above the submarket per-square-foot rate of $3.52. The building's 21-day average DOM trails the submarket benchmark of 26 days, indicating faster absorption when pricing aligns with tenant expectations. The per-square-foot premium over the submarket suggests tenants are paying more for each unit of space here, likely reflecting the building's Yonge Street corridor location and Liberty Development Corp. product mix. Pricing discipline at Parkside Towers at World on Yonge (B1) skews tenant-favorable: 45.5% of tracked leases closed below asking, with an average concession of $53 per month (2.02%) and $636 in annualized tenant savings per lease. The net negotiation spread of -$53 confirms landlords are absorbing roughly two percent off sticker to close deals. This is not a landlord premium market; it is a tenant-leverage environment where asking prices carry a built-in negotiation cushion, and the 5 delisted units at $424 above realized averages reinforce that overpricing is the primary friction point in this submarket.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2200 | 550 | 4.00 | 3 |
| 2026-05-03 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-10 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-17 | 0 | N/A | N/A | N/A | N/A |
| 2026-05-24 | 1 | 2000 | 550 | 3.64 | 22 |
| 2026-05-31 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-07 | 0 | N/A | N/A | N/A | N/A |
| 2026-06-14 | 2 | 2850 | 850 | 3.35 | 45 |
| 2026-06-21 | 2 | 2250 | 600 | 3.76 | 27 |
| 2026-06-28 | 3 | 2700 | 750 | 3.62 | 22 |
| 2026-07-05 | 1 | 2350 | 650 | 3.62 | 3 |
| 2026-07-12 | 2 | 2488 | 625 | 4.00 | 52 |
| 2026-07-19 | 1 | 3500 | 385 | 9.09 | 16 |
| 2026-07-26 | 2 | 2600 | 700 | 3.78 | 12 |
| 2026-08-02 | 4 | 2380 | 654 | 3.68 | 16 |
| 2026-08-09 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-16 | 0 | N/A | N/A | N/A | N/A |
| 2026-08-23 | 1 | 2850 | 850 | 3.35 | 4 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Parkside Towers at World on Yonge (B1) at 7165 Yonge Street sits in a tightly clustered competitive pocket on Yonge Street in Markham, where three of its four comparables recorded active lease volume over the trailing 180 days. World on Yonge – I (7161-7171 Yonge St, 0.01 km, completed 2014) closed 47 leases, Parkside Towers at World on Yonge (B2) (7167 Yonge St, 0.01 km, completed 2015) closed 9, and The Vanguard (1 Grandview Ave, 0.22 km, completed 2021) closed 11. Crystal Palace Condo (7451 Yonge Street, 0.72 km, completed 1984) logged a single lease transaction in the same window, making it a thin-volume reference point rather than a robust pricing benchmark. The subject building, completed in 2015 with 309 suites, shares its street address block with both World on Yonge – I and B2, placing it squarely within the same architectural generation as those two towers while sitting a full decade behind The Vanguard and roughly 31 years ahead of Crystal Palace Condo. Against the four-comp benchmark of an average realized rent of $2,633 per month, $3.35 per square foot, and 824 average interior square feet, Parkside Towers (B1) positions itself as a compact-footprint, rate-competitive asset. The subject's all-time average lease rent of $2,536 per month runs $97 below the comp mean, yet its $3.69 per square foot rate exceeds the comp average by roughly 10 percent, a gap driven entirely by the subject's 682-square-foot average suite being 142 square feet smaller than the comp norm. In practical terms, a renter at B1 pays a higher per-square-foot price for a meaningfully tighter interior, trading spatial generosity for a lower absolute monthly outlay and a building that carries a full 14-amenity lifestyle package at the same Yonge Street corridor.
Comparable Analysis & Questions
How do rental rates at Parkside Towers at World on Yonge (B1) compare to neighbouring buildings within Markham West?
Parkside Towers at World on Yonge (B1) realized an average lease rent of $2,536 per month over its full leasing history, sitting $97 below the four-comp benchmark of $2,633 and below the submarket average of $2,616. The closest active competitor, World on Yonge – I at 7161-7171 Yonge Street (0.01 km, 47 closed leases), averaged $2,460 per month at $3.65 per square foot across 685 square feet, meaning the subject commands a $76-per-month higher rent than that tower. Parkside Towers (B2) at 7167 Yonge Street (0.01 km, 9 closed leases) averaged $2,594 per month at $3.63 per square foot over 722 square feet, placing the subject $58 per month lower. The Vanguard at 1 Grandview Avenue (0.22 km, 11 closed leases) posted the highest comp rent at $2,877 per month, $3.75 per square foot, and 788 square feet, leaving the subject $341 per month below that 2021-completed tower. Crystal Palace Condo at 7451 Yonge Street (0.72 km) recorded only one closed lease in the trailing 180 days at $2,600 per month, $2.36 per square foot, and 1,100 square feet, a single-transaction data point that offers limited pricing signal but confirms the subject trades $64 per month lower on that narrow sample.
Does Parkside Towers at World on Yonge (B1) offer a competitive price-per-square-foot ($/SF) against local comparables?
Parkside Towers at World on Yonge (B1) leases at $3.69 per square foot across an average 682-square-foot suite, a rate 10 percent above the four-comp average of $3.35 per square foot but applied to a footprint roughly 17 percent smaller than the comp mean of 824 square feet. Against World on Yonge – I, the subject trades at a $0.04 per square foot (1.1 percent) premium while providing 3 fewer interior square feet, so the higher per-square-foot rate is offset by nearly identical suite sizing and a $76-per-month higher nominal rent. Versus Parkside Towers (B2), the subject carries a $0.06 per square foot (1.7 percent) premium yet delivers 40 fewer square feet, meaning the nominal rent actually comes in $58 per month lower because the tighter footprint more than absorbs the rate differential. The Vanguard presents the sharpest contrast: the subject trades at a $0.06 per square foot (1.6 percent) discount below that 2021 tower while providing 106 fewer interior square feet, so the lower per-square-foot rate and smaller footprint together produce a $341-per-month lower rent, a trade-off that favors budget-sensitive renters over those prioritizing the newest construction and largest suites. Crystal Palace Condo, with its single closed lease, shows the subject at a $1.33 per square foot (56.4 percent) premium over the 1984 building's $2.36 per square foot rate, but the subject provides 418 fewer square feet, so the absolute rent is still $64 per month lower; the wide per-square-foot gap simply reflects a 31-year age and construction-standard difference rather than a true value premium.
How do building age, amenities, and developer reputation impact rent spreads?
Parkside Towers at World on Yonge (B1) fields a 14-amenity lifestyle package that includes an indoor pool, hot tub and jacuzzi, sauna and steam room, golf simulator, library and reading room, games and billiards room, and a rooftop terrace, a breadth that exceeds every nearby competitor in this pocket. World on Yonge – I matches most of those features but adds a dedicated yoga studio that the subject does not list, while Parkside Towers (B2) omits the library, media and theatre room, and golf simulator found at B1. The Vanguard differentiates with EV charging stations, a car wash bay, an indoor kids' play room, a fire pit, building-wide water purification, and a dining room and kitchen—lifestyle and convenience features absent from the subject's roster. Crystal Palace Condo, by contrast, offers only concierge and security, a gym, sauna and steam room, and a party lounge, a fraction of the subject's recreational depth. The subject's aquatic-and-wellness cluster (indoor pool, hot tub, sauna/steam) combined with its remote-work and social amenities (meeting room, media room, library, games room) positions it squarely for young professionals and small households in Markham West who want a full-service residential experience without stepping into the newer, higher-rent 2021 cohort represented by The Vanguard.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Parkside Towers at World on Yonge (B1).
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Indoor Pool
- Hot Tub & Jacuzzi
- Sauna & Steam Room
- Golf Simulator
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- Games & Billiards Room
- Library & Reading Room
- BBQ Area
- Rooftop Terrace
- Garden & Courtyard
Residential Buildings in the Vicinity
- Parkside Towers at World on Yonge (B2)8 m
- World on Yonge - I12 m
- The Vanguard218 m
- The Palladium357 m
- Skyrise on Yonge I424 m
- Skyrise on Yonge II534 m
- Central Park on Yonge I663 m
- Crystal Palace Condo721 m
- Central Park on Yonge II823 m
- Thornlea Place Condominium Residences874 m
- Carrington Tower969 m
- Northgage Condos1.1 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Parkside Towers at World on Yonge (B1).
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.
