Market Data as of August 31, 2026
Residences on Sheppard — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Residences on Sheppard, located at 778 Sheppard Ave W in the Downsview neighborhood of North York, is an established residential building completed in 2003 by VHL Developments containing 42 total suites. There are currently zero units available on the market, resulting in an availability rate of 0% as of August 31, 2026. Recent leasing velocity shows 1 closed lease over the past 90 days with an average duration of 5 days on the market, alongside 1 closed lease over the past 30 days with an average duration of 5 days on the market.
Active pricing and density metrics cannot be computed due to the lack of current inventory, though recent 90-day realized leasing activity recorded an average monthly rent of $2,400 per month at an average rate of $2.82 per square foot across an average suite size of 850 square feet. This historical leasing rate sits 25% lower on a per square foot basis compared to the broader Downsview submarket asking benchmark of $3.77 per square foot.
Marketing friction remains non-existent with zero delisted units recorded and recent leases closing precisely at asking price under balanced market conditions. Prospective tenants looking for selection within this 42-suite development face complete inventory scarcity with zero layout tiers currently available for lease.
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Last Realized Lease
Transaction metrics for the most recently leased suite
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 Residences on Sheppard (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at Residences on Sheppard last month, and how fast did they rent?
At Residences on Sheppard, the 30-day and 90-day days on market both sit at 5 days, compared to a Downsview submarket benchmark of 28 days. Leasing turnover was established by a single closed transaction over the tracked summer period.
What is the negotiation spread between asking rents and closed lease prices at Residences on Sheppard?
At Residences on Sheppard, transactions settled on average at 100% of asking price, yielding $0 in net negotiation variance and balanced market leverage.
What are typical executed lease prices across different layouts at Residences on Sheppard?
At Residences on Sheppard, the 2-Bedroom anchor layout recorded 1 closed lease with an average monthly rent of $2,400 per month, a median of $2,400 per month, a P25-P75 range of $2,400 to $2,400 per month, an average size of 850 square feet, $2.82 per square foot, and 5 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 Residences on Sheppard?
At Residences on Sheppard, realized parking premium data is inconclusive due to insufficient paired lease records. Parking access was bundled without separate line-item values in the available transaction data. Active asking parking rates cannot be reliably isolated.
How does the lease-to-listing ratio at Residences on Sheppard reflect current tenant demand?
At Residences on Sheppard, the overall rent trajectory held steady at an average of $2,400 per month across the tracked timeline. In August 2026, the building recorded 1 closed deal at an average rent of $2,400 per month, a rate of $2.82 per square foot, and 5 days on market.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-08-25 | 1 | 2400 | 850 | 2.82 | N/A |
| 2026-08-26 | 1 | 2400 | 850 | 2.82 | 1 |
| 2026-08-27 | 1 | 2400 | 850 | 2.82 | 2 |
| 2026-08-28 | 1 | 2400 | 850 | 2.82 | 3 |
| 2026-08-29 | 1 | 2400 | 850 | 2.82 | 4 |
12-Month Market Dynamics & Trend Trajectory
Residences on Sheppard at 778 Sheppard Ave W recorded a lifetime leasing volume of 1 transaction with an average rent of $2,400 per month, a rate of $2.82 per square foot, and an average suite size of 850 square feet. Tenant turnover achieved an average days on market of 5 days, reflecting strong absorption relative to the broader Downsview submarket. Transactions settled on average at 100% of asking price, demonstrating a balanced pricing equilibrium between landlords and incoming tenants. With zero recorded delisted units or active unrented inventory, the building maintained full pricing alignment and complete leasing stability without required concessions.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-08-30 | 1 | 2400 | 850 | 2.82 | 5 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
The competitive set for Residences on Sheppard at 778 Sheppard Ave W includes four nearby buildings spanning different structural generations, led by The Avanti at 760 Sheppard Ave W (0.05 km away, completed in 2013, with 4 active listings), Ashlea Terrace at 800 Sheppard Ave W (0.09 km away, completed in 1999, with 0 active listings), Acclaim at 801 Sheppard Ave W (0.13 km away, completed in 2012, with 2 active listings), and Diva at 741 Sheppard Ave W (0.18 km away, completed in 2019, with 1 active listing). Completed in 2003, the subject building represents a mid-era construction vintage that bridges older low-rise inventory and newer high-density developments along the Sheppard corridor. Across the micro-market, comparable properties register an average lease rent of $2,450 per month, an average rate of $3.40 per square foot, and an average suite size of 735 square feet. Residences on Sheppard positions itself within this competitive matrix by offering functional square footage and moderate absolute rents, trading below the high-density benchmarks set by newer inventory while maintaining competitive per-square-foot economics relative to its immediate neighbors.
Comparable Analysis & Questions
How do rental rates at Residences on Sheppard compare to neighbouring buildings within Downsview?
Residences on Sheppard records an average lease rent of $2,400 per month, aligning closely with the overall competitive benchmark average of $2,450 per month across its primary peer group. Individual competitor performance varies across the immediate corridor: The Avanti at 760 Sheppard Ave W achieves an average lease rent of $2,825 per month at $3.12 per square foot across an average footprint of 906 square feet; Acclaim at 801 Sheppard Ave W reports an average lease rent of $2,425 per month at $3.25 per square foot across 750 square feet; and Diva at 741 Sheppard Ave W commands an average lease rent of $2,100 per month at $3.82 per square foot across a more compact 550 square foot average layout. Ashlea Terrace at 800 Sheppard Ave W currently reports no closed leases within the past 180 days.
Does Residences on Sheppard offer a competitive price-per-square-foot ($/SF) against local comparables?
Residences on Sheppard delivers a competitive value proposition characterized by a realized lease rate of $2.82 per square foot across an average suite size of 850 square feet, undercutting the wider submarket average asking rate of $3.77 per square foot. Renters evaluating the building trade modern high-density finishes and recent construction years—such as those found at the 2019-built Diva at $3.82 per square foot across 550 square feet—in exchange for larger, traditional layouts that offer more absolute interior space at a lower cost per square foot. Compared with Acclaim at $3.25 per square foot across 750 square feet, the subject building provides 100 more interior square feet at a more accessible per-square-foot metric, while maintaining favorable utility efficiency and spacious living configurations compared to newer, smaller corridor builds.
How do building age, amenities, and developer reputation impact rent spreads?
Residences on Sheppard offers a robust, traditional amenity package that supports a balanced residential lifestyle, featuring a gym and fitness centre, party and lounge room, meeting room, concierge and security, a BBQ area, and a games and billiards room. When contrasted with nearby alternatives, the building matches or exceeds standard corridor offerings: The Avanti includes a sauna and steam room and a rooftop terrace alongside standard fitness and party spaces; Acclaim features a specialized pet wash station and BBQ areas but lacks full recreational rooms; and Diva incorporates a garden and courtyard alongside a rooftop terrace and sauna facilities. This amenity profile makes Residences on Sheppard particularly well-suited for professionals and downsizers seeking practical on-site wellness and social spaces without paying the premium overhead associated with ultra-new, highly amenitized high-rises.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Residences on Sheppard.
Building Amenities
- Gym & Fitness Centre
- Party & Lounge Room
- Meeting Room
- Concierge & Security
- BBQ Area
- Games & Billiards Room
Residential Buildings in the Vicinity
- The Avanti49 m
- Ashlea Terrace91 m
- Acclaim128 m
- Diva179 m
- 726 Sheppard Avenue W202 m
- Westmount Boutique Residences347 m
- Greenwich Village Towns373 m
- Portrait Condominiums375 m
- Greenwich Village448 m
- Plaza Royale508 m
- The Plaza Suites IV598 m
- Terrace Heights I602 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Residences on Sheppard.
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.