Market Data as of August 31, 2026
Nevis - Tower — Rental Market Data
Last Lease
1-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
Nevis - Tower is an established residential building located at 88 Palace Pier Crt in the Mimico neighborhood of Etobicoke, featuring 129 suites developed by Shiupong Developments and completed in 2003. There are currently zero units available for rent, reflecting a zero percent availability rate and an inactive active leasing pipeline.
Historical leasing activity over the past 90 days recorded 1 closed lease with an average rent of $2,050 per month and an average size of 550 square feet, achieving $3.73 per square foot. Furthermore, historical leasing over the past 30 days recorded 0 closed leases, while the 90-day closed count stood at 1 lease with an average days on market of 112 days. This historical lease rate trades below the Mimico submarket asking benchmark of $4.45 per square foot, driven by compact suite sizing rather than cheaper unit pricing.
Marketing friction remains muted given the absence of active inventory, though historical leasing velocity showed an average of 112 days on market. Tenants negotiating past leases secured an average discount of $250 per month, representing a 10.87 percent reduction below asking price. With zero active units on the market, prospective tenants currently have no selection available within the building.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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) |
|---|---|---|---|---|---|
| 2026-04-27 | 1 | 2200 | 550 | 4.00 | 42 |
| 2026-04-28 | 1 | 2200 | 550 | 4.00 | 43 |
| 2026-04-29 | 1 | 2200 | 550 | 4.00 | 44 |
| 2026-04-30 | 1 | 2200 | 550 | 4.00 | 45 |
| 2026-05-01 | 1 | 2200 | 550 | 4.00 | 46 |
| 2026-05-02 | 1 | 2200 | 550 | 4.00 | 47 |
| 2026-05-03 | 1 | 2200 | 550 | 4.00 | 48 |
| 2026-05-04 | 1 | 2200 | 550 | 4.00 | 49 |
| 2026-05-05 | 1 | 2200 | 550 | 4.00 | 50 |
| 2026-05-06 | 1 | 2200 | 550 | 4.00 | 51 |
| 2026-05-07 | 1 | 2200 | 550 | 4.00 | 52 |
| 2026-05-08 | 1 | 2200 | 550 | 4.00 | 53 |
| 2026-05-09 | 1 | 2200 | 550 | 4.00 | 54 |
| 2026-05-10 | 1 | 2200 | 550 | 4.00 | 55 |
| 2026-05-11 | 1 | 2200 | 550 | 4.00 | 56 |
| 2026-05-12 | 1 | 2200 | 550 | 4.00 | 57 |
| 2026-05-13 | 1 | 2200 | 550 | 4.00 | 58 |
| 2026-05-14 | 1 | 2200 | 550 | 4.00 | 59 |
| 2026-05-15 | 1 | 2200 | 550 | 4.00 | 60 |
| 2026-05-16 | 1 | 2200 | 550 | 4.00 | 61 |
| 2026-05-17 | 1 | 2200 | 550 | 4.00 | 62 |
| 2026-05-18 | 1 | 2200 | 550 | 4.00 | 63 |
| 2026-05-19 | 1 | 2200 | 550 | 4.00 | 64 |
| 2026-05-20 | 1 | 2200 | 550 | 4.00 | 65 |
| 2026-05-21 | 1 | 2200 | 550 | 4.00 | 66 |
| 2026-05-22 | 1 | 2200 | 550 | 4.00 | 67 |
| 2026-05-23 | 1 | 2200 | 550 | 4.00 | 68 |
| 2026-05-24 | 1 | 2200 | 550 | 4.00 | 69 |
| 2026-05-25 | 1 | 2200 | 550 | 4.00 | 70 |
| 2026-05-26 | 1 | 2200 | 550 | 4.00 | 71 |
| 2026-05-27 | 1 | 2200 | 550 | 4.00 | 72 |
| 2026-05-28 | 1 | 2200 | 550 | 4.00 | 73 |
| 2026-05-29 | 1 | 2200 | 550 | 4.00 | 74 |
| 2026-05-30 | 1 | 2200 | 550 | 4.00 | 75 |
| 2026-05-31 | 1 | 2200 | 550 | 4.00 | 76 |
| 2026-06-01 | 1 | 2200 | 550 | 4.00 | 77 |
| 2026-06-02 | 1 | 2200 | 550 | 4.00 | 78 |
| 2026-06-03 | 1 | 2200 | 550 | 4.00 | 79 |
| 2026-06-04 | 1 | 2200 | 550 | 4.00 | 80 |
| 2026-06-05 | 1 | 2200 | 550 | 4.00 | 81 |
| 2026-06-06 | 1 | 2200 | 550 | 4.00 | 82 |
| 2026-06-07 | 1 | 2200 | 550 | 4.00 | 83 |
| 2026-06-08 | 1 | 2200 | 550 | 4.00 | 84 |
| 2026-06-09 | 1 | 2200 | 550 | 4.00 | 85 |
| 2026-06-10 | 1 | 2200 | 550 | 4.00 | 86 |
| 2026-06-11 | 1 | 2200 | 550 | 4.00 | 87 |
| 2026-06-12 | 1 | 2200 | 550 | 4.00 | 88 |
| 2026-06-13 | 1 | 2200 | 550 | 4.00 | 89 |
| 2026-06-14 | 1 | 2200 | 550 | 4.00 | 90 |
| 2026-06-15 | 1 | 2200 | 550 | 4.00 | 91 |
| 2026-06-16 | 1 | 2200 | 550 | 4.00 | 92 |
| 2026-06-17 | 1 | 2200 | 550 | 4.00 | 93 |
| 2026-06-18 | 1 | 2200 | 550 | 4.00 | 94 |
| 2026-06-19 | 1 | 2200 | 550 | 4.00 | 95 |
| 2026-06-20 | 1 | 2200 | 550 | 4.00 | 96 |
| 2026-06-21 | 1 | 2200 | 550 | 4.00 | 97 |
| 2026-06-22 | 1 | 2200 | 550 | 4.00 | 98 |
| 2026-06-23 | 1 | 2200 | 550 | 4.00 | 99 |
| 2026-06-24 | 1 | 2200 | 550 | 4.00 | 100 |
| 2026-06-25 | 1 | 2200 | 550 | 4.00 | 101 |
| 2026-06-26 | 1 | 2200 | 550 | 4.00 | 102 |
| 2026-06-27 | 1 | 2200 | 550 | 4.00 | 103 |
| 2026-06-28 | 1 | 2200 | 550 | 4.00 | 104 |
| 2026-06-29 | 1 | 2200 | 550 | 4.00 | 105 |
| 2026-06-30 | 1 | 2200 | 550 | 4.00 | 106 |
| 2026-07-01 | 1 | 2200 | 550 | 4.00 | 107 |
| 2026-07-02 | 1 | 2200 | 550 | 4.00 | 108 |
| 2026-07-03 | 1 | 2200 | 550 | 4.00 | 109 |
| 2026-07-04 | 1 | 2200 | 550 | 4.00 | 110 |
| 2026-07-05 | 1 | 2200 | 550 | 4.00 | 111 |
12-Month Market Dynamics & Trend Trajectory
Nevis - Tower, located at 88 Palace Pier Crt in the Mimico submarket, has a recorded lifetime leasing history of 1 closed transaction. This benchmark achieved an average monthly rent of $2,050 per month at $3.73 per square foot across an average suite size of 550 square feet, with a lifetime average marketing time of 112 days. Pricing discipline at the building favored incoming occupants, with 100% of transactions settling below initial asking prices. Tenants negotiated an average monthly discount of $250 per month, translating to a 10.87% reduction from asking and generating $3,000 in annual tenant savings.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-07-05 | 1 | 2050 | 550 | 3.73 | 112 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
Nevis - Tower at 88 Palace Pier Crt anchors a highly concentrated cluster of waterfront residential buildings in Etobicoke's Mimico submarket, featuring direct competitors completed around the turn of the millennium. The immediate competitive set includes The Player's Club at 2067 Lake Shore Blvd W (0.04 km away, completed in 2002, with 1 active listing), Nevis - Villa at 80 Palace Pier Crt (0.05 km away, completed in 2003, with 0 active listings), Grenadier Landing at 5 Marine Parade Dr (0.09 km away, completed in 2003, with 1 active listing), and the mature Palace Pier at 2045 Lake Shore Blvd W (0.15 km away, completed in 1978, with 3 active listings). While Palace Pier represents an established 1978 high-rise generation with expansive footprints, Nevis - Tower and its immediate neighbours reflect early-2000s structural engineering standards. Within this micro-market, the overall competitive benchmark averages $4,139 per month across an average suite size of 986 square feet at $5.77 per square foot. Nevis - Tower operates with a stabilized baseline, recording an all-time average lease rent of $2,050 per month at $3.73 per square foot across compact 550-square-foot layouts. Because of its smaller average suite configuration, the building trades at a lower absolute rent and a competitive rate per square foot relative to the broader comp set, offering budget-conscious renters an accessible entry point into a prime lakeside node without matching the sprawling floor plates found at Palace Pier.
Comparable Analysis & Questions
How do rental rates at Nevis - Tower compare to neighbouring buildings within Mimico?
Nevis - Tower at 88 Palace Pier Crt achieves an all-time average lease rent of $2,050 per month, trading below the overall competitive set average of $4,139 per month across key area benchmarks including The Player's Club and Palace Pier. Individual competitor performance varies significantly based on suite scale and building vintage. The Player's Club (2067 Lake Shore Blvd W) recorded an average lease rent of $3,600 per month at $9.00 per square foot across an average of 400 square feet. Grenadier Landing (5 Marine Parade Dr) achieved an average lease rent of $3,700 per month at $4.11 per square foot across an average of 900 square feet. Palace Pier (2045 Lake Shore Blvd W) commanded an average lease rent of $5,117 per month at $4.21 per square foot across an expansive average of 1,658 square feet. Meanwhile, Nevis - Villa (80 Palace Pier Crt) reported no closed leases in the past 180 days, leaving its current leasing metrics unrecorded.
Does Nevis - Tower offer a competitive price-per-square-foot ($/SF) against local comparables?
Nevis - Tower establishes its value proposition through a realized lease rate of $3.73 per square foot across an average suite size of 550 square feet, positioning it below the submarket average of $4.00 per square foot and the broader comp average of $5.77 per square foot. Renters evaluating Nevis - Tower against nearby alternatives engage in clear layout and financial trade-offs. At $3.73 per square foot, Nevis - Tower provides a more economical rate per square foot than The Player's Club at $9.00 per square foot across 400 square feet, Grenadier Landing at $4.11 per square foot across 900 square feet, and Palace Pier at $4.21 per square foot across 1,658 square feet. Tenants trade away the massive, multi-bedroom square footage found in 1978 and early-2000s legacy high-rises in exchange for a streamlined 550-square-foot footprint that significantly reduces monthly gross rent burdens while maintaining direct waterfront proximity.
How do building age, amenities, and developer reputation impact rent spreads?
Nevis - Tower delivers a robust suite of lifestyle amenities, highlighting five signature features: a Concierge & Security service, Gym & Fitness Centre, Sauna & Steam Room, Rooftop Terrace, and a Car Wash Bay. When contrasted against nearby competitors, Nevis - Tower matches the security and concierge standards found at The Player's Club, Grenadier Landing, and Palace Pier, while offering distinct outdoor and recreational spaces that rival Grenadier Landing's hobby rooms. Although properties like Palace Pier incorporate specialized facilities such as a shuttle service, tennis courts, and an in-house restaurant, Nevis - Tower avoids the inflated maintenance fees associated with sprawling resort-style complexes, making it ideal for professionals seeking practical fitness and social facilities without excessive upkeep costs.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around Nevis - Tower.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Sauna & Steam Room
- Party & Lounge Room
- Media & Theatre Room
- Games & Billiards Room
- Rooftop Terrace
- BBQ Area
- Car Wash Bay
- Meeting Room
- Putting Green
Residential Buildings in the Vicinity
- The Player's Club38 m
- Nevis - Villa49 m
- Grenadier Landing95 m
- Palace Pier154 m
- Waterford170 m
- Waterford Tower II192 m
- Palace Place213 m
- Waterford Tower I216 m
- Newport Beach I & II254 m
- Waterview II - Voyager394 m
- Waterview I - Voyager431 m
- Waterview III & IV - Explorer475 m
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Nevis - Tower.
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.