Newton — Rental Market Data

Newton at 80 Queens Wharf Rd has three active rental listings as of August 31, 2026, spanning $2,600 to $3,400 per month with an average asking rent of $3,083 and a median of $3,250. The average active suite measures 719 square feet at $4.28 per square foot, and the inventory skews toward multi-bedroom executive layouts: two of the three units (66.7 percent) are 2-Bedrooms, while the remaining listing is a compact 1-Bedroom + Den at 650 square feet. This mix contrasts with the building's historical leasing pattern, where 1-Bedroom + Den units accounted for 53.8 percent of closed transactions, indicating that current availability leans toward larger, higher-priced floor plans rather than entry-level suites.

The dominant active layout at Newton is the 2-Bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $3,325 per month across 753 square feet and a rate of $4.42 per square foot. The single 1-Bedroom + Den listing (33.3 percent share) asks $2,600 per month for 650 square feet at $4.00 per square foot, making it the entry point into the building's current availability. Renter choice is therefore limited to two distinct bedroom tiers, with the 2-Bedroom offering a small two-unit selection and the den configuration available as a single transaction.

Newton's three active listings span a $800 spread from a minimum entry rent of $2,600 to a peak asking rent of $3,400 per month, a 30.8 percent range. The median asking rent sits at $3,250 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $4.00 per square foot, while the peak listing is a 2-Bedroom at 750 square feet asking $4.53 per square foot, reflecting both a larger footprint and a premium rate for the additional bedroom.

Active den premiums at Newton cannot be reliably quantified from the current three-unit sample, as the paired data required to isolate the marginal cost of den space is insufficient. Parking stall costs likewise cannot be reliably isolated from active listings due to an unreliable outlier or insufficient paired sample, so no specific monthly parking figure should be quoted for current availability. Historical lease data does confirm a verified parking premium of $204 per month, which serves as a reasonable reference point for budgeting purposes.

Newton's active asking rent of $3,083 per month at $4.28 per square foot compares to the CityPlace / Fort York submarket average asking rent of $3,101 per month at $4.58 per square foot, placing the building 6.6 percent below the neighbourhood asking rate on a per-square-foot basis. The nominal rent gap of $18 per month is largely explained by suite sizing: Newton's active average of 719 square feet is larger than what the submarket benchmark implies, so the lower per-square-foot rate partially offsets the higher total monthly cost. Newton's three active listings represent 3 out of 148 available units in the submarket, or roughly 2 percent of total neighbourhood inventory.

Newton's average realized lease rent of $2,595 per month sits $11 below the four-comp benchmark of $2,606, placing it essentially at parity with its immediate peer set while trailing the submarket average of $2,818. Exchange at 90 Queens Wharf Rd (0.05 km, 8 closed leases) averaged $2,963 per month at $4.10 per square foot across 719 square feet, meaning Newton's tenants paid $368 less per month despite a smaller suite. Forward at 70 Queens Wharf Rd (0.05 km, 16 closed leases) averaged $2,655 per month at $4.22 per square foot across 636 square feet, a $60 monthly gap that reflects near-identical suite sizing. Garrison at Fort York at 169 Fort York Blvd (0.08 km, 10 closed leases) averaged $2,374 per month at $3.90 per square foot across 620 square feet, where Newton's tenants paid $221 more for a comparable footprint. Library District at 170 Fort York Blvd (0.09 km, 17 closed leases) averaged $2,431 per month at $4.88 per square foot across 511 square feet, with Newton's rent running $164 higher but spread over a notably larger interior.

Newton's leased rate of $4.35 per square foot across an average 596-square-foot suite positions the building at a slight premium over its same-generation Queens Wharf peers while offering a meaningful per-square-foot discount relative to Library District, the highest-rate comp in the set. Against Exchange, Newton trades at a $0.25 per square foot (6.1 percent) premium while providing 123 fewer interior square feet, so the lower nominal rent is driven entirely by the smaller footprint rather than weaker asset valuation. Forward presents a tighter spread: Newton commands a $0.13 per square foot (3.1 percent) premium over the comp's $4.22 rate but gives up only 40 square feet of interior space, making the two buildings nearly interchangeable on a space-adjusted basis. Garrison at Fort York shows the widest gap—Newton trades at a $0.45 per square foot (11.5 percent) premium with just 24 fewer square feet—reflecting the five-year age advantage and full aquatic amenity package over the 2013 building. Library District inverts the dynamic: Newton trades at a $0.53 per square foot (10.9 percent) discount below the comp's $4.88 rate while delivering 85 more interior square feet, giving renters a larger suite at a lower per-square-foot cost despite a $164 higher monthly rent.

Newton's 20-item amenity program—anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, dedicated yoga studio, and a tai chi deck—places it in the upper tier of lifestyle offerings within this immediate Queens Wharf and Fort York pocket, though it lacks the basketball court and massage room found at both Exchange and Forward. The tai chi deck is a signature differentiator absent from all four competitors, and Newton's photo studio, music room, and dance studio trio creates a creative-arts cluster that Exchange (which substitutes a music studio and tanning deck) and Forward (which adds a shared laundry room) do not replicate in the same configuration. Garrison at Fort York, built in 2013, omits the indoor pool, hot tub, pet wash station, and kids' play room entirely, offering instead a garden and courtyard that Newton does not provide. Library District differentiates with a dedicated library and reading room but forgoes aquatic facilities, pet services, and the children's play space that Newton includes. The building's lifestyle package best serves young professionals and small families who prioritize full-service wellness (pool, sauna, yoga), creative studio access, and pet-friendly infrastructure over the recreational sports courts or tanning amenities favored by its closest same-generation peers.