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Market Data as of August 31, 2026

87 Peter — Rental Market Data

87 Peter St, Toronto, Ontario M5V 2G5
Quick Rent Estimate
Active Suites5 Available
Type
Units
Avg Rent
1-Bedroom
2
$2,325
Studio
2
$2,100
1-Bedroom + Den
1
$2,900

Building Summary & Rental Market Overview

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

Building TypeCondominium
Year Completed2018
Total Suites630
DeveloperMenkes Developments

Developed by Menkes Developments at 87 Peter St in the Entertainment District, 87 Peter is an established residential building completed in 2018 featuring 630 suites. Active inventory stands at 5 units yielding an availability rate of 0.8 percent. Over the past 90 days, the building recorded 34 closed leases averaging 18 days on market, alongside a 30-day closed count of 12 leases averaging 21 days on market.

Current active listings ask an average of $2,350 per month at $5.22 per square foot across an average suite size of 452 square feet, compared to realized 90-day leases averaging $2,525 per month at $4.74 per square foot across historical footprints of 551 square feet. The building asking rate per square foot sits 5.6 percent below the wider submarket asking benchmark of $5.53 per square foot.

Marketing friction remains minimal, with delisted inventory averaging 11 days on the market compared to a closed days on the market average of 18 days over the past 90 days, while unrented units asked an average of $2,480 per month, indicating they were overpriced relative to realized leases. Tenants successfully negotiated an average discount of $22 per month, representing 0.82 percent below asking, with 25.5 percent of leases closing under asking. Prospective tenants will find a small selection of 1-Bedroom and Studio units accounting for 80 percent of active supply, alongside a single available 1-Bedroom + Den layout providing deeper executive selection.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at 87 Peter as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units5
-4 (44.4%)
Avg Asking Rent$2,350
-$33 (1.4%)
Avg Suite Size452 sf
-68 sf (13.0%)
Avg Days on Market24d
+4d (18.7%)
Avg Asking $/SF$5.22
+$0.48 (10.2%)

Active Market Insights & Questions

How has rental availability changed at 87 Peter recently?

87 Peter features 5 active listings as of August 31, 2026, with an asking price range spanning $2,050 to $2,900 per month, an average rent of $2,350 per month, and a median rent of $2,250 per month. Active inventory averages 452 square feet at an asking rate of $5.22 per square foot. Studio and 1-Bedroom layouts dominate the active pool with an 80 percent combined inventory share, demonstrating that current availability leans toward compact entry-level suites rather than multi-bedroom executive layouts.

What floor plans and unit layouts are currently available at 87 Peter?

1-Bedroom units represent the dominant active layout at 87 Peter, accounting for 2 active listings and a 40 percent inventory share. The building offers a small selection of 2 Studio listings averaging $2,100 per month across 400 square feet at $5.25 per square foot. The 2 active 1-Bedroom suites average $2,325 per month across 454 square feet at $5.17 per square foot, while a single available 1-Bedroom + Den unit asks $2,900 per month across 550 square feet at $5.27 per square foot.

What is the average asking rent and $/SF by suite size at 87 Peter?

87 Peter records a minimum entry rent of $2,050 per month and a peak asking rent of $2,900 per month, establishing an absolute dollar spread of $850 per month or a 41.5 percent pricing spread. The building median asking rent sits at $2,250 per month. The entry-level tier consists of Studio suites averaging 400 square feet at an asking rate of $5.13 per square foot, contrasted against the peak tier anchored by a 1-Bedroom + Den suite spanning 550 square feet at an asking rate of $5.27 per square foot.

How much extra do parking spaces and dens cost at 87 Peter?

87 Peter demands an active den premium of $575 per month for an additional 96 square feet of interior space, reflecting a marginal cost of $5.99 per square foot for the extra den area. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample, meaning parking fees cannot be verified from current listings.

How do asking rents at 87 Peter compare to local and municipal benchmarks?

87 Peter asks an average rent of $2,350 per month at $5.22 per square foot, tracking below the submarket average asking rent of $3,542 per month while undercutting the submarket asking rate per square foot by 5.6 percent. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, with the building representing a modest share of the 153 total active listings across the Entertainment District.

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 87 Peter (Data period: For the month of August 2026).

Units Leased12
Avg Leased Price$2,367
Avg Leased Size551 sf
Avg Days to Lease21d
Leased $/SF$4.85

Leased Transaction Insights & Questions

How many suites were leased at 87 Peter last month, and how fast did they rent?

At 87 Peter, units leased in an average of 21 days over the past 30 days, 18 days over the past 90 days, and a submarket benchmark of 20 days. Leasing turnover accelerated significantly over the summer months, jumping from 6 closed leases in April to 12 closed leases in both July and August. Lifetime leasing volume stands at 47 total transactions, confirming steady transactional velocity.

What is the negotiation spread between asking rents and closed lease prices at 87 Peter?

At 87 Peter, transactions closed at an average discount of $22 per month, representing a 0.82% reduction below asking price and annual tenant savings of $264 per year. Exactly 25.5% of leases closed below asking, illustrating a tenant-favorable leasing environment where landlords offered modest price concessions.

What are typical executed lease prices across different layouts at 87 Peter?

At 87 Peter, the two highest-volume anchor layouts are the 1-Bedroom and 1-Bedroom + Den configurations, averaging $2,290 per month across an 18-day marketing window and $2,466 per month across a 21-day window respectively. Studio units recorded 5 closed leases with an average rent of $1,940 per month, a median of $1,950 per month, a P25-P75 range of $1,900 to $1,950 per month, an average size of 431 square feet, $4.57 per square foot, and 19 days on market, representing a moderate sample size. 1-Bedroom units recorded 21 closed leases with an average rent of $2,290 per month, a median of $2,300 per month, a P25-P75 range of $2,250 to $2,300 per month, an average size of 467 square feet, $5.00 per square foot, and 18 days on market, representing a robust sample size. 1-Bedroom + Den units recorded 11 closed leases with an average rent of $2,466 per month, a median of $2,450 per month, a P25-P75 range of $2,400 to $2,475 per month, an average size of 572 square feet, $4.33 per square foot, and 21 days on market, representing a robust sample size. Two-Bedroom units recorded 9 closed leases with an average rent of $3,189 per month, a median of $3,250 per month, a P25-P75 range of $3,150 to $3,350 per month, an average size of 765 square feet, $4.18 per square foot, and 19 days on market, representing a moderate sample size. The 3-Bedroom+ tier recorded 1 closed lease with an average rent of $3,450 per month, a median of $3,450 per month, a P25-P75 range of $3,450 to $3,450 per month, an average size of 750 square feet, $4.60 per square foot, and 11 days on market, representing an individual single transaction rather than a broad statistical benchmark (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 87 Peter?

At 87 Peter, verified leased parking spaces commanded an average premium of $331 per month. Parking stalls are typically bundled into larger 2-Bedroom and 3-Bedroom floor plans while frequently omitted in compact studio and 1-bedroom listings. Active asking parking rates remain inconclusive due to an insufficient paired sample.

How does the lease-to-listing ratio at 87 Peter reflect current tenant demand?

At 87 Peter, average monthly rents fluctuated between $2,318 and $2,690 per month over the spring and summer timeline. April closed 6 deals at an average of $2,500 per month and $4.33 per square foot over 18 days. May recorded 7 closed deals at an average of $2,318 per month and $4.39 per square foot over 24 days. June saw 10 closed deals average $2,690 per month and $4.68 per square foot over 21 days. July peaked at 12 closed deals averaging $2,546 per month and $4.68 per square foot over 13 days. August closed 12 deals at an average of $2,367 per month and $4.85 per square foot over 21 days.

De-Listed & Terminated Rental Market Dynamics

Analyze withdrawn listings, tenant price resistance, and subsequent re-listing discount trends at 87 Peter (Data period: For the month of August 2026).

Delisted Units1
Avg Asking Price$2,480
Avg Suite Size550 sf
Avg Days on Market11d
Delisted $/SF$4.51

De-Listed Market Analysis & Questions

How many listings de-listed at 87 Peter, and what was their re-listing price compared to previous asking?

At 87 Peter, exactly 1 unit was delisted, representing a delisted-to-leased ratio of 8.3%. This unrented listing consisted entirely of a suspended marketing status with zero terminated or expired files. This indicates a highly efficient leasing pool where roughly 1 listing was pulled for every 12 successful leases.

How do asking prices on de-listed suites compare to executed leases and active listings at 87 Peter?

At 87 Peter, unrented units asked an average of $2,480 per month, which is $113 per month above realized lease averages of $2,367 per month. Unrented units were overpriced relative to realized leases, creating a positive dollar spread of 4.8% alongside a higher rate per square foot.

What market friction causes rental listings to stall or de-list at 87 Peter?

At 87 Peter, delisted units averaged 11 days on market compared to 19 days for successful leases. Because unrented listings were pulled faster than the average leasing cycle, excess carrying costs were minimal, allowing landlords to avoid prolonged vacancy holding periods.

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
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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)
2026-04-27624546084.0615
2026-04-28624546084.0616
2026-04-29824035754.2213
2026-04-30824035754.2214
2026-05-01824035754.2215
2026-05-02824035754.2216
2026-05-03824035754.2217
2026-05-04923815554.3716
2026-05-05823535564.3218
2026-05-06823535564.3219
2026-05-07723965654.3518
2026-05-08723965654.3519
2026-05-09923815564.3615
2026-05-10923815564.3616
2026-05-111023785564.3516
2026-05-121023785564.3517
2026-05-131023785564.3518
2026-05-14824165584.4315
2026-05-15924125684.3414
2026-05-16924125684.3415
2026-05-17924125684.3416
2026-05-18924125684.3417
2026-05-19924125684.3418
2026-05-20924125684.3419
2026-05-21924125684.3420
2026-05-22924125684.3421
2026-05-23824135704.3423
2026-05-24824135704.3424
2026-05-25724865934.2925
2026-05-26724865934.2926
2026-05-27724865934.2927
2026-05-28624976014.2727
2026-05-29525266104.2730
2026-05-30525266104.2731
2026-05-31624805754.5027
2026-06-01624805754.5028
2026-06-02624805754.5029
2026-06-03825545884.5622
2026-06-04725976144.4126
2026-06-05724615504.6927
2026-06-06724615504.6928
2026-06-07724615504.6929
2026-06-08726116004.5229
2026-06-09626806334.3529
2026-06-10525365904.4323
2026-06-11525365904.4322
2026-06-12525365904.4323
2026-06-13525365904.4324
2026-06-14525365904.4325
2026-06-15626976174.4722
2026-06-16626976174.4723
2026-06-17626976174.4724
2026-06-18725905864.5221
2026-06-19725905864.5222
2026-06-20725765714.5915
2026-06-21725765714.5916
2026-06-22725765714.5917
2026-06-23725765714.5918
2026-06-24626225754.6622
2026-06-25725335504.7119
2026-06-26925265744.5213
2026-06-27925265744.5214
2026-06-28925265744.5215
2026-06-29925265744.5216
2026-06-301024685574.5615
2026-07-01823545314.6019
2026-07-02823545314.6020
2026-07-03723695364.6116
2026-07-04823795414.5715
2026-07-05923765254.7114
2026-07-06923765254.7115
2026-07-071024155274.749
2026-07-08924285424.668
2026-07-09924335584.496
2026-07-10924675584.585
2026-07-11924675584.586
2026-07-12924675584.587
2026-07-13924675584.588
2026-07-141024455424.689
2026-07-151024455424.6810
2026-07-16924175304.7411
2026-07-17824315164.9011
2026-07-18824315164.9012
2026-07-19824065164.8311
2026-07-20824065164.8312
2026-07-21925275424.8112
2026-07-221024745424.6912
2026-07-23924825424.7312
2026-07-241024645274.8312
2026-07-251024645274.8313
2026-07-261124765294.8213
2026-07-271023755074.8415
2026-07-28923835194.7417
2026-07-29923835194.7418
2026-07-30923835194.7419
2026-07-31923835194.7420
2026-08-01823945164.8418
2026-08-02823945164.8419
2026-08-03822694595.0615
2026-08-041022454485.1213
2026-08-05922394535.0514
2026-08-06823444605.1714
2026-08-07823444605.1715
2026-08-08723294435.3013
2026-08-09524004605.2718
2026-08-10524004605.2719
2026-08-11524004605.2720
2026-08-12524004605.2721
2026-08-13624424755.2018
2026-08-14623754505.3113
2026-08-15623754505.3114
2026-08-16623754505.3115
2026-08-17723904645.1914
2026-08-18723904645.1915
2026-08-19723904645.1916
2026-08-20723904645.1917
2026-08-21623474505.2619
2026-08-22623474505.2620
2026-08-23623474505.2621
2026-08-24623474505.2622
2026-08-25523664605.1819
2026-08-26623724685.1117
2026-08-27623724685.1118
2026-08-28523504525.2221
2026-08-29523504525.2222
2026-08-30523504525.2223
2026-08-31523504525.2224

12-Month Market Dynamics & Trend Trajectory

87 Peter has established a robust leasing history anchored by 47 total transactions averaging $2,491 per month at $4.63 per square foot. Suites average 551 square feet with an average marketing time of 19 days, reflecting steady tenant absorption and consistent demand in the Entertainment District. Pricing discipline favored incoming occupants, as transactions featured a net negotiation discount of 0.82% below asking. With roughly a quarter of all deals closing below initial expectations, landlords utilized modest financial concessions to secure tenants quickly and minimize vacancy carrying costs.

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
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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)
2026-05-03127005504.916
2026-05-10222255504.0533
2026-05-17124005544.3314
2026-05-24322255024.4627
2026-05-31227756254.753
2026-06-07425005135.1429
2026-06-14124006503.6958
2026-06-21329836834.3511
2026-06-28327006064.4422
2026-07-05223255254.5111
2026-07-12324175674.428
2026-07-19223254754.9914
2026-07-26426005255.0113
2026-08-02524605554.6522
2026-08-09322004514.9416
2026-08-16127005504.918
2026-08-23123004005.7542

Nearby Building Rental Comparables & Price Spreads

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

87 Peter benchmarks directly against four core competitor developments in the Entertainment District, spanning from Peter Street Condos (101 Peter St) at 0.06 kilometers away, completed in 2014 with 14 active listings, to Theatre District (8 Widmer St) at 0.07 kilometers away, completed in 2024 with 51 active listings. Additional benchmarks include Encore at Theatre District (28 Widmer St) at 0.08 kilometers away, completed in 2024 with 21 active listings, and King Charlotte (11 Charlotte St) at 0.1 kilometers away, completed in 2016 with 11 active listings, illustrating a dense micro-market mix of mature mid-2010s towers and newly delivered 2024 high-rise stock. Across this competitive set, the overall comp average lease rent sits at $2,642 per month, with an average rate of $4.79 per square foot across an average suite size of 572 square feet. 87 Peter positions itself as a well-established mid-decade high-rise offering competitive valuation, balancing a slightly lower rate per square foot than select boutique peers against expansive suite footprints that deliver stronger overall spatial value in the heart of Toronto's Entertainment District.

101 Peter St, Toronto

Avg Asking$2,381/mo
Avg $/SF$4.68
Rent Spread:
+$31/mo (+1.3%) Higher

8 Widmer St, Toronto

Avg Asking$2,470/mo
Avg $/SF$4.67
Rent Spread:
+$120/mo (+5.1%) Higher

28 Widmer St, Toronto

Avg Asking$3,103/mo
Avg $/SF$4.28
Rent Spread:
+$753/mo (+32.0%) Higher

11 Charlotte St, Toronto

Avg Asking$2,859/mo
Avg $/SF$5.50
Rent Spread:
+$509/mo (+21.7%) Higher

108 Peter St, Toronto

Avg Asking$3,396/mo
Avg $/SF$4.41
Rent Spread:
+$1,046/mo (+44.5%) Higher

21 Widmer St, Toronto

Avg Asking$2,747/mo
Avg $/SF$4.40
Rent Spread:
+$397/mo (+16.9%) Higher

Comparable Analysis & Questions

How do rental rates at 87 Peter compare to neighbouring buildings within Entertainment District?

87 Peter achieves an average lease rent of $2,491 per month, trading below the overall competitor benchmark average of $2,642 per month while competing closely with nearby buildings such as Peter Street Condos, Theatre District, and Encore at Theatre District. Peter Street Condos at 101 Peter St reports an average lease rent of $2,395 per month at $4.56 per square foot across an average of 541 square feet. Theatre District at 8 Widmer St logs an average lease rent of $2,440 per month at $4.64 per square foot across an average of 532 square feet. Encore at Theatre District at 28 Widmer St commands an average lease rent of $2,964 per month at $4.29 per square foot across an average of 710 square feet. King Charlotte at 11 Charlotte St records an average lease rent of $2,768 per month at $5.67 per square foot across an average of 505 square feet.

Does 87 Peter offer a competitive price-per-square-foot ($/SF) against local comparables?

87 Peter establishes its value proposition by offering an average leased rate of $4.63 per square foot across an average suite size of 551 square feet, positioning it competitively against the submarket average of $4.52 per square foot. Renters at 87 Peter benefit from larger interior footprints compared to newer towers like Theatre District (532 square feet) and Peter Street Condos (541 square feet), securing more generous living areas without facing the steep $5.67 per square foot premium demanded by compact layouts at King Charlotte. While newer developments such as Encore at Theatre District feature larger average layouts of 710 square feet at $4.29 per square foot, 87 Peter successfully captures value-conscious tenants who prioritize practical square footage, efficient floor plans, and central accessibility over ultra-luxury rental pricing.

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

87 Peter provides an extensive wellness and lifestyle amenity package that rivals or exceeds the offerings found across the immediate Entertainment District competitive set. 87 Peter features signature highlights including a dedicated pet wash station, an on-site water spa, a private massage room, a comprehensive yoga studio, and a relaxing hot tub and jacuzzi. When contrasted with peers, Peter Street Condos offers a therapeutic massage room and rooftop terrace but lacks specialized hydrotherapy and pet care amenities. Theatre District and Encore at Theatre District incorporate indoor and outdoor pools alongside traditional party rooms and fitness facilities, yet omit dedicated water spas and massage suites found at 87 Peter. King Charlotte delivers a streamlined rooftop terrace, outdoor pool, and car share space, but misses the comprehensive wellness depth of 87 Peter. This robust amenity infrastructure specifically serves urban professionals and pet owners seeking resort-grade wellness facilities within a central downtown high-rise.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around 87 Peter.

Building Amenities

  • Concierge & Security
  • Gym & Fitness Centre
  • Yoga Studio
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room
  • Dining Room & Kitchen
  • BBQ Area
  • Rooftop Terrace
  • Pet Wash Station
  • Water Spa
  • Massage Room
  • Car Share

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 87 Peter.

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.