Market Data as of August 31, 2026
8 Gladstone — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
8 Gladstone at 8 Gladstone Ave in Toronto's West submarket is an established residential building completed in 2013 by Streetcar Developments & Dundee Realty, offering 89 suites across the M6J 0B3 postal zone. As of August 31, 2026, the tower is fully occupied with zero units currently listed for rent, representing a 0 percent availability rate. Recent leasing activity shows two closed leases in the trailing 30 days and two in the trailing 90 days, with an average of eight days on market for those transactions.
Because no active listings exist, pricing intelligence draws from the building's three tracked historical leases, which averaged $2,217 per month at roughly $4.03 per square foot across 550-square-foot one-bedroom suites. The most recent 30-day and 90-day cohorts both closed at $2,275 per month and $4.14 per square foot. Those realized rates sit below the Toronto West submarket average lease of $2,696 per month and $4.29 per square foot, and well under the submarket asking benchmark of $3,051 per month at $4.72 per square foot, reflecting a compact 550-square-foot footprint versus the submarket implied asking size of approximately 646 square feet.
Marketing friction at 8 Gladstone is minimal in practice: the eight-day average days on market for recent leases compares favourably against the submarket average of 23 days, and no delisted, terminated, or expired listings have been recorded. Tenants secured an average concession of $33 per month, or 1.33 percent below asking, across all tracked closed transactions, translating to roughly $396 in annual savings. With zero active inventory and no delisting history, prospective renters must monitor the building for future openings or turn to the 50 active listings currently available across the broader Toronto West submarket.
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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 8 Gladstone (Data period: For the month of August 2026).
Leased Transaction Insights & Questions
How many suites were leased at 8 Gladstone last month, and how fast did they rent?
8 Gladstone closed two leases in the trailing 30 days at an average DOM of 8, well ahead of the Toronto West submarket benchmark of 23 days. The 90-day window also shows two closings at the same 8-day pace, while the full one-year and lifetime records each total three signed leases. Leasing turnover accelerated sharply in August 2026 compared to the single April closing that carried a 47-day DOM, signaling a meaningful pickup in absorption velocity over the spring-to-summer stretch.
What is the negotiation spread between asking rents and closed lease prices at 8 Gladstone?
8 Gladstone tenants negotiated an average discount of $33 per month (1.33% below asking), translating to $396 in annual savings per unit across the three tracked leases. One-third of all closed leases (33.3%) settled under the listed asking price, confirming measurable tenant leverage in this submarket. The landlord concession pattern is modest but consistent, with the net spread of -$33 per month reflecting a small but real pushback on price rather than a flat at-asking settlement.
What are typical executed lease prices across different layouts at 8 Gladstone?
8 Gladstone's sole leased layout is the 1-Bedroom, accounting for 100% of all three closed leases at an average rent of $2,217 per month and an average DOM of 21 days. This small sample of three transactions serves as a directional reference only, not a broad statistical benchmark. The median rent sits at $2,150 per month, with the P25-P75 range spanning $2,125 to $2,275 per month. Average suite size is 550 square feet, producing a realized rate of $4.03 per square foot.
What measurable rent premium did suites with parking achieve in closed leases at 8 Gladstone?
8 Gladstone realized a verified parking premium of $175 per month on leased units, confirming that parking is bundled into the total asking rent rather than listed as a standalone line item. This verified figure gives landlords and tenants a concrete reference point for the parking component embedded in the $2,217 average lease. Active asking parking data is inconclusive due to insufficient paired samples, so the $175 verified leased premium remains the only reliable anchor for parking value at this building.
How does the lease-to-listing ratio at 8 Gladstone reflect current tenant demand?
8 Gladstone shows a clear upward rent trajectory from spring into late summer 2026, with average lease rent climbing from $2,100 in April to $2,275 in August. April recorded one closed deal at $3.82 per square foot with a 47-day DOM. August delivered two closed deals at $4.14 per square foot with an 8-day DOM, a 39-day compression in time-to-lease. The nominal rent increase of $175 per month from April to August reflects genuine pricing strength rather than a footprint shift, as the per-square-foot rate also rose by $0.32.
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-08-04 | 1 | 2500 | 550 | 4.55 | N/A |
| 2026-08-05 | 1 | 2500 | 550 | 4.55 | 1 |
| 2026-08-06 | 2 | 2325 | 550 | 4.23 | 1 |
| 2026-08-07 | 2 | 2325 | 550 | 4.23 | 2 |
| 2026-08-08 | 2 | 2325 | 550 | 4.23 | 3 |
| 2026-08-09 | 2 | 2325 | 550 | 4.23 | 4 |
| 2026-08-10 | 1 | 2500 | 550 | 4.55 | 6 |
| 2026-08-11 | 1 | 2500 | 550 | 4.55 | 7 |
| 2026-08-12 | 1 | 2500 | 550 | 4.55 | 8 |
| 2026-08-13 | 1 | 2500 | 550 | 4.55 | 9 |
| 2026-08-14 | 1 | 2500 | 550 | 4.55 | 10 |
12-Month Market Dynamics & Trend Trajectory
8 Gladstone's realized average rent of $2,217 per month and $4.03 per square foot both trade below the Toronto West submarket averages of $2,696 per month and $4.29 per square foot, placing the building roughly 17.8% under the submarket rent benchmark and 3.5% under on a per-square-foot basis. The 550-square-foot average suite footprint is consistent with compact 1-bedroom product, and the submarket's implied asking size of 646 square feet suggests 8 Gladstone's units are smaller than the typical Toronto West listing, which partially explains the lower nominal rent without indicating property devaluation. On pricing discipline, 33.3% of the three tracked leases closed below asking, with tenants securing an average $33 per month (1.33%) discount that equates to $396 in annual savings per unit. The net negotiation spread of -$33 per month confirms a tenant-favorable dynamic where landlords absorbed modest concessions rather than holding flat at asking. This is a small-sample directional signal, but the consistent direction across the tracked leases points to genuine landlord flexibility in the Toronto West 1-bedroom segment.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-08-09 | 2 | 2275 | 550 | 4.14 | 8 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
8 Gladstone at 8 Gladstone Ave sits in a dense cluster of four nearby rental buildings within 90 metres, all of which recorded closed lease transactions over the trailing 180 days. Two Gladstone (2 Gladstone Ave, 0.03 km, built in 2012) closed 3 leases; The Carnaby Lofts (30 Minowan Miikan Lane, 0.05 km, built in 2015) closed 1 lease; Twenty (20 Gladstone Ave, 0.06 km, built in 2016) closed 7 leases; and The Carnaby (20 Minowan Miikan Ln, 0.09 km, built in 2016) closed 13 leases. The peer set spans a four-year construction window from 2012 to 2016, with 8 Gladstone (built in 2013) occupying the earliest position alongside Two Gladstone, while the two Carnaby-branded assets and Twenty represent the most recent generation in this immediate pocket. The four-comparable benchmark averages $2,790 per month in realized rent, $4.53 per square foot, and 640 square feet of interior space. At $2,217 per month, $4.03 per square foot, and 550 square feet, 8 Gladstone undercuts the comp average on all three metrics. The building's 89-suite scale is modest relative to the larger Carnaby-branded towers, and its 2013 construction places it at the older end of this cluster. The value proposition is straightforward: a smaller, more affordable footprint in a well-established West Toronto pocket where the newer 2015–2016 buildings command both higher per-square-foot rates and larger suite configurations.
1169 Queen St W, Toronto
Comparable Analysis & Questions
How do rental rates at 8 Gladstone compare to neighbouring buildings within Toronto West?
8 Gladstone's average realized lease rent of $2,217 per month sits $573 below the four-comparable benchmark of $2,790, with every nearby competitor recording higher closed-lease rents. Two Gladstone (2 Gladstone Ave, 0.03 km, 3 closed leases) averaged $2,833 per month at $5.38 per square foot across 573 square feet; The Carnaby Lofts (30 Minowan Miikan Lane, 0.05 km, 1 closed lease) averaged $3,100 per month at $4.13 per square foot across 750 square feet; Twenty (20 Gladstone Ave, 0.06 km, 7 closed leases) averaged $2,607 per month at $4.37 per square foot across 614 square feet; and The Carnaby (20 Minowan Miikan Ln, 0.09 km, 13 closed leases) averaged $2,619 per month at $4.24 per square foot across 623 square feet. All four competitors posted active lease volume over the trailing 180 days, so each provides a realized pricing benchmark rather than a listing-only reference.
Does 8 Gladstone offer a competitive price-per-square-foot ($/SF) against local comparables?
8 Gladstone leases at $4.03 per square foot across an average 550-square-foot suite, trading at a discount below every active nearby competitor on both rate and footprint. Against Two Gladstone, the subject offers a $1.35 per square foot (25.1%) discount and 23 fewer interior square feet, producing a $616-per-month lower rent that reflects both the smaller footprint and the lower per-square-foot rate. The Carnaby Lofts present the widest gap: the subject trades at a $0.10 per square foot (2.4%) discount but provides 200 fewer interior square feet, driving an $883-per-month rent differential that is overwhelmingly footprint-driven rather than rate-driven. Twenty shows a $0.34 per square foot (7.8%) discount with 64 fewer square feet, yielding a $390-per-month lower rent. The Carnaby carries a $0.21 per square foot (5.0%) discount and 73 fewer square feet, producing a $402-per-month lower rent. In every pairing, the subject's lower nominal rent is explained by a combination of smaller interior space and a modestly lower per-square-foot rate, not by a premium asset valuation.
How do building age, amenities, and developer reputation impact rent spreads?
8 Gladstone offers an eight-feature amenity package including a Pet Wash Station and Auto Share program that no nearby competitor replicates, positioning it as the most service-oriented building in this immediate cluster. Two Gladstone (0.03 km) provides a Rooftop Terrace absent from 8 Gladstone but lacks the Gym & Fitness Centre, Media & Theatre Room, Pet Wash Station, and Auto Share found at the subject. The Carnaby Lofts (0.05 km) include a Garden & Courtyard and Rooftop Terrace not present at 8 Gladstone, while the subject adds a Meeting Room, BBQ Area, Pet Wash Station, and Auto Share. Twenty (0.06 km) and The Carnaby (0.09 km) both feature Rooftop Terraces and Garden & Courtyards that 8 Gladstone does not offer; in return, 8 Gladstone's Pet Wash Station, Auto Share, and Meeting Room (absent from The Carnaby) give it a distinct practical-service edge. The building's lifestyle package—pairing fitness, media, meeting, and pet-care facilities with an auto-share program—best serves cost-conscious young professionals and pet-owning tenants who prioritize daily convenience and practical services over rooftop leisure or courtyard landscaping.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around 8 Gladstone.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Party & Lounge Room
- Meeting Room
- Media & Theatre Room
- BBQ Area
- Pet Wash Station
- Auto Share
Residential Buildings in the Vicinity
- Two Gladstone29 m
- The Carnaby Lofts47 m
- Twenty61 m
- The Carnaby87 m
- 1181 Queen West123 m
- Bohemian Embassy - Queen Tower and Gallery150 m
- Q Loft159 m
- Bohemian Embassy - South Tower168 m
- The Brixton174 m
- 31 Alma Avenue222 m
- Noble Court229 m
- Epic on Triangle Park278 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 8 Gladstone.
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.