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Market Data as of August 31, 2026

Citysphere — Rental Market Data

801 King St W, Toronto, Ontario M5V 1N4
Quick Rent Estimate
Active Suites2 Available
Type
Units
Avg Rent
1-Bedroom
1
$1,750
1-Bedroom + Den
1
$1,800

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed1991
Total Suites338
DeveloperCitysphere Residences

Citysphere at 801 King St W is an established residential building located in Downtown West, featuring 338 suites completed in 1991 by developer Citysphere Residences. With 2 active listings representing an availability rate of 0.6 percent, the property recently recorded a leasing pace of 6 transactions over the past 90 days with an average duration of 15 days on the market, alongside 1 transaction over the past 30 days averaging 12 days on the market.

Active asking rents average $1,775 per month at $2.36 per square foot, contrasting with realized 90-day leases averaging $2,967 per month at $4.19 per square foot. Current listings feature an average suite size of 756 square feet compared to historical lease sizes averaging 706 square feet. The building's active asking rate per square foot sits 50.9 percent below the submarket asking benchmark of $4.81 per square foot.

Unrented units spent an average of 87 days on the market before being delisted, notably higher than the 15-day average for successfully leased properties. Landlords achieved an average premium of $1 per month over asking (a 0.03% premium) on recent leases in a tenant-favorable environment. Inventory availability is heavily constrained with only two active listings split evenly between a 1-Bedroom and a 1-Bedroom + Den layout.

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Active Rental Inventory & Asking Rates

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

Active Units2
0
Avg Asking Rent$1,775
-$23 (1.3%)
Avg Suite Size756 sf
+65 sf (9.4%)
Avg Days on Market23d
-49d (68.8%)
Avg Asking $/SF$2.36
-$0.25 (9.6%)

Active Market Insights & Questions

How has rental availability changed at Citysphere recently?

Citysphere currently has 2 active listings as of August 31, 2026, with a price range spanning from $1,750 to $1,800 per month, an average rent of $1,775 per month, and a median rent of $1,775 per month. Active inventory averages 756 square feet with an asking rate of $2.36 per square foot. The dominant layout is the 1-Bedroom, accounting for 50 percent of active inventory, while the remaining inventory consists of a 1-Bedroom + Den configuration.

What floor plans and unit layouts are currently available at Citysphere?

The 1-Bedroom layout is the dominant active option at Citysphere, comprising 1 listing and holding a 50 percent inventory share with an average rent of $1,750 per month, 710 square feet of space, and an asking rate of $2.46 per square foot. The 1-Bedroom + Den tier represents the remaining 50 percent share with 1 available unit, averaging $1,800 per month across 801 square feet at an asking rate of $2.25 per square foot.

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

Citysphere features a minimum entry rent of $1,750 per month and a peak asking rent of $1,800 per month, yielding a dollar spread of $50 and a percentage spread of 2.9 percent. The median asking rent stands as a single listing metric or $1,750 per month. The entry-level option is a 1-Bedroom suite spanning 710 square feet at an asking rate of $2.46 per square foot, while the peak tier is represented by a 1-Bedroom + Den layout offering 801 square feet at an asking rate of $2.25 per square foot.

How much extra do parking spaces and dens cost at Citysphere?

Citysphere asks an active den premium of $50 per month for an additional 91 square feet of space. The marginal cost for this extra den space equates to $0.55 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

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

Citysphere features an average asking rent of $1,775 per month at $2.36 per square foot, sitting below the Downtown West submarket asking average of $3,080 per month and $4.81 per square foot. The lower nominal monthly outlay is driven by compact suite sizing across current listings rather than discounted unit pricing. The building's asking rate per square foot tracks 50.9 percent below the submarket asking benchmark, backed by 2 active listings representing a negligible share of submarket 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 Citysphere (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$3,500
Avg Leased Size706 sf
Avg Days to Lease12d
Leased $/SF$4.67

Leased Transaction Insights & Questions

How many suites were leased at Citysphere last month, and how fast did they rent?

At Citysphere, the 30-day average days on market is 12 days, the 90-day average days on market is 15 days, and the Downtown West submarket benchmark days on market is 20 days. Leasing velocity recorded 1 closed deal over the past 30 days, 6 closed deals over the past 90 days, and 6 lifetime closed leases. Leasing turnover peaked during mid-summer before moderating heading into August.

What is the negotiation spread between asking rents and closed lease prices at Citysphere?

At Citysphere, transactions settled on average at an average premium of $1 per month over asking (a 0.03% premium), generating $12 per year in additional rental revenue. Overall, pricing leverage favored landlords during the tracked leasing window.

What are typical executed lease prices across different layouts at Citysphere?

At Citysphere, the two highest-volume anchor layouts are 1-Bedroom + Den units and 2-Bedroom suites. The 1-Bedroom + Den layout recorded 4 closed leases averaging $2,588 per month, a median rent of $2,625 per month, a P25-P75 range of $2,550 to $2,662 per month, across an average of 684 square feet at a rate of $3.81 per square foot with an average days on market of 7 days (note that this represents a small sample size). The 2-Bedroom layout recorded 2 closed leases averaging $3,725 per month, a median rent of $3,725 per month, a P25-P75 range of $3,612 to $3,838 per month, across an average of 750 square feet at a rate of $4.97 per square foot with an average days on market of 31 days (note that this represents a small sample size).

What measurable rent premium did suites with parking achieve in closed leases at Citysphere?

At Citysphere, realized leased parking achieved a verified premium of $250 per month. Parking premium data for active listings is inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at Citysphere reflect current tenant demand?

At Citysphere, overall rent followed a rising trajectory across the tracked monthly timeline. In June 2026, 2 closed deals averaged $2,625 per month at $3.69 per square foot with an average days on market of 11 days. In July 2026, 3 closed deals averaged $3,017 per month at $4.37 per square foot with an average days on market of 19 days. In August 2026, 1 closed deal recorded $3,500 per month at $4.67 per square foot with an average days on market of 12 days.

De-Listed & Terminated Rental Market Dynamics

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

Delisted Units2
Avg Asking Price$1,798
Avg Suite Size691 sf
Avg Days on Market87d
Delisted $/SF$2.61

De-Listed Market Analysis & Questions

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

At Citysphere, a total of 2 units were delisted, representing a delisted-to-leased ratio of 33.3 percent, composed entirely of 2 terminated listings with zero expired or suspended listings. This indicates a market health ratio of roughly 1 unrented listing pulled for every 3 successful leases.

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

At Citysphere, unrented delisted units asked an average of $1,798 per month, reflecting a nominal dollar spread of -$1,703 per month below realized leases nominally due to smaller average floor plans, while commanding an average rate of $2.61 per square foot compared to realized leases at $4.19 per square foot. Unrented units had a lower nominal asking price because they were concentrated in smaller floor plans.

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

At Citysphere, delisted units averaged 87 days on market compared to 15 days for realized leases. This excess marketing time of 72 days imposes a substantial holding cost of over two months of lost rental income plus ongoing condo maintenance fees for overpricing.

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)
2026-05-04118007102.54N/A
2026-05-05118007102.541
2026-05-06118007102.542
2026-05-07118007102.543
2026-05-08118007102.544
2026-05-09118007102.545
2026-05-10118007102.546
2026-05-11118007102.547
2026-05-12118007102.548
2026-05-13118007102.549
2026-05-14118007102.5410
2026-05-15118007102.5411
2026-05-16118007102.5412
2026-05-17118007102.5413
2026-05-18118007102.5414
2026-05-19221986803.268
2026-05-20221986803.269
2026-05-21221986803.2610
2026-05-22324487033.497
2026-05-23324487033.498
2026-05-24324487033.499
2026-05-25324487033.4910
2026-05-26324487033.4911
2026-05-27324487033.4912
2026-05-28324487033.4913
2026-05-29324487033.4914
2026-05-30324487033.4915
2026-05-31324487033.4916
2026-06-01324487033.4917
2026-06-02424866903.6214
2026-06-03424866903.6215
2026-06-04424866903.6216
2026-06-05523486863.4313
2026-06-06523486863.4314
2026-06-07523486863.4315
2026-06-08523486863.4316
2026-06-09523486863.4317
2026-06-10523486863.4318
2026-06-11523486863.4319
2026-06-12523486863.4320
2026-06-13523486863.4321
2026-06-14523486863.4322
2026-06-15523687133.3221
2026-06-16523687133.3222
2026-06-17523687133.3223
2026-06-18523687133.3224
2026-06-19523687133.3225
2026-06-20523687133.3226
2026-06-21523687133.3227
2026-06-22523687133.3228
2026-06-23523687133.3229
2026-06-24422856953.2835
2026-06-25422856953.2836
2026-06-26321827103.0536
2026-06-27321827103.0537
2026-06-28321827103.0538
2026-06-29321827103.0539
2026-06-30422866953.2930
2026-07-01422866953.2931
2026-07-02321827103.0542
2026-07-03321827103.0543
2026-07-04321827103.0544
2026-07-05321827103.0545
2026-07-06321827103.0546
2026-07-07321827103.0547
2026-07-08321827103.0548
2026-07-09321827103.0549
2026-07-10321827103.0550
2026-07-11217986912.6152
2026-07-12217986912.6153
2026-07-13217986912.6154
2026-07-14217986912.6155
2026-07-15217986912.6156
2026-07-16217986912.6157
2026-07-17217986912.6158
2026-07-18217986912.6159
2026-07-19217986912.6160
2026-07-20217986912.6161
2026-07-21217986912.6162
2026-07-22320136772.9942
2026-07-23320136772.9943
2026-07-24320136772.9944
2026-07-25320136772.9945
2026-07-26320136772.9946
2026-07-27217986912.6168
2026-07-28217986912.6169
2026-07-29217986912.6170
2026-07-30217986912.6171
2026-07-31217986912.6172
2026-08-01217986912.6173
2026-08-02217986912.6174
2026-08-03217986912.6175
2026-08-04217986912.6176
2026-08-05217986912.6177
2026-08-06323657103.2952
2026-08-07323487103.2721
2026-08-08323487103.2722
2026-08-09323487103.2723
2026-08-10422117333.0118
2026-08-11422117333.0119
2026-08-12422117333.0120
2026-08-13422117333.0121
2026-08-14422117333.0122
2026-08-15422117333.0123
2026-08-16422117333.0124
2026-08-17422117333.0125
2026-08-18317827272.4631
2026-08-19317827272.4632
2026-08-20317827272.4633
2026-08-21317827272.4634
2026-08-22317827272.4635
2026-08-23217757562.3615
2026-08-24217757562.3616
2026-08-25217757562.3617
2026-08-26217757562.3618
2026-08-27217757562.3619
2026-08-28217757562.3620
2026-08-29217757562.3621
2026-08-30217757562.3622
2026-08-31217757562.3623

12-Month Market Dynamics & Trend Trajectory

Citysphere has established a lifetime leasing volume of 6 closed transactions with an average monthly rent of $2,967 per month, an average rate of $4.19 per square foot, an average suite size of 706 square feet, and a lifetime days on market averaging 15 days, reflecting steady tenant turnover within the building. Transactions settled on average slightly above asking price, reflecting mild landlord pricing leverage during the tracked window. The majority of leases successfully closed without major discounting, supported by active tenant demand in the Downtown West submarket.

Loading inventory data…

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.

Property & transaction filters
Chart metrics & timeframe
Max 2 selected
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-06-14126006504.0013
2026-06-21126507853.389
2026-06-28127006504.152
2026-07-05139507505.2750
2026-07-120N/AN/AN/AN/A
2026-07-190N/AN/AN/AN/A
2026-07-26124006503.695
2026-08-020N/AN/AN/AN/A
2026-08-090N/AN/AN/AN/A
2026-08-16135007504.6712

Nearby Building Rental Comparables & Price Spreads

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

Citysphere at 801 King St W competes within a dense cluster of Downtown West properties, evaluated against direct peers including Gotham Lofts at 781 King St W (0.05 km away, completed in 1997 with 1 active listing), The Kings at 800 King St W (0.06 km away, completed in 2000 with 2 active listings), West 833 at 833 King St W (0.07 km away, completed in 1998 with 0 active listings), and 775 King West at 775 King St W (0.11 km away, completed in 2013 with 8 active listings). Built in 1991, Citysphere represents a slightly earlier structural generation compared to its mid-to-late 1990s and 2010s neighbors, offering a distinct baseline of established density and mature management in the King West corridor. Across the micro-market, the active competitive set registers an overall average rent of $3,880 per month, an average rate of $6.59 per square foot, and an average suite size of 650 square feet. Citysphere positions itself effectively within this benchmark suite by balancing scale and structural age against newer builds. While newer inventory like 775 King West captures higher absolute rents through contemporary finishes, Citysphere leverages its established footprint and competitive square-foot pricing to attract value-conscious renters seeking downtown accessibility without modern premium pricing.

781 King St W, Toronto

Avg Asking$4,550/mo
Avg $/SF$7.74
Rent Spread:
+$2,775/mo (+156.3%) Higher

800 King St W, Toronto

Avg Asking$3,133/mo
Avg $/SF$4.00
Rent Spread:
+$1,358/mo (+76.5%) Higher

775 King St W, Toronto

Avg Asking$2,691/mo
Avg $/SF$4.23
Rent Spread:
+$916/mo (+51.6%) Higher

78 Tecumseth St, Toronto

Avg Asking$2,646/mo
Avg $/SF$4.24
Rent Spread:
+$871/mo (+49.1%) Higher

766 King St W, Toronto

Avg Asking$3,450/mo
Avg $/SF$7.06
Rent Spread:
+$1,675/mo (+94.4%) Higher

725 King St W, Toronto

Avg Asking$2,425/mo
Avg $/SF$3.68
Rent Spread:
+$650/mo (+36.6%) Higher

Comparable Analysis & Questions

How do rental rates at Citysphere compare to neighbouring buildings within Downtown West?

Citysphere achieves an average lease rent of $2,967 per month, trading below the overall competitive set average of $3,880 per month when benchmarked against properties such as Gotham Lofts and 775 King West. Individual competing properties report varied lease metrics within the immediate corridor: Gotham Lofts records an average lease rent of $5,800 per month at $11.60 per square foot across an average of 500 square feet; The Kings reports an average lease rent of $3,150 per month at $3.94 per square foot across an average of 800 square feet; West 833 currently reports no closed leases in the past 180 days; and 775 King West registers an average lease rent of $2,691 per month at $4.23 per square foot across an average of 649 square feet.

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

Citysphere delivers a highly competitive value proposition, offering a realized lease rate of $4.19 per square foot across an average suite size of 706 square feet, which positions it advantageously against nearby alternatives and the submarket benchmark of $4.55 per square foot. Renters at Citysphere trade newer construction finishes for more expansive floor plans, securing 57 more square feet than 775 King West while maintaining a competitive square-foot rate of $4.19 per square foot compared to that building's $4.23 per square foot. Similarly, Citysphere provides 206 more interior square feet than Gotham Lofts, which commands a much steeper $11.60 per square foot across its tighter 500-square-foot layouts.

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

Citysphere delivers an extensive lifestyle and amenity profile that compares favorably against surrounding boutique and mid-sized properties in the Downtown West submarket. Signature amenities at Citysphere include a concierge and security, a rooftop terrace, a sauna and steam room, a tennis and pickleball court, a gym and fitness centre, a hot tub and jacuzzi, a BBQ area, an outdoor children's playground, a party and lounge room, a meeting room, a jogging track, and an in-house pub. By comparison, Gotham Lofts limits its communal offerings to a concierge and security, a gym and fitness centre, a meeting room, and a party and lounge room, while The Kings provides a concierge and security, a gym and fitness centre, a sauna and steam room, a party and lounge room, a meeting room, and a BBQ area. Meanwhile, 775 King West introduces modern additions like a media and theatre room, a games and billiards room, a yoga studio, a dining room and kitchen, a rooftop terrace, and an EV charging station, leaving Citysphere to stand out for its rare recreational assets such as outdoor tennis and pickleball courts and an in-house pub that appeal directly to active professionals and social renters seeking a vibrant community atmosphere.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Citysphere.

Building Amenities

  • Concierge & Security
  • Rooftop Terrace
  • Sauna & Steam Room
  • Tennis & Pickleball Court
  • Gym & Fitness Centre
  • Hot Tub & Jacuzzi
  • BBQ Area
  • Children's Playground - Outdoor
  • Party & Lounge Room
  • Meeting Room
  • Jogging Track
  • In-house Pub

Data Methodology & Analytical Standards

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

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.