Market Data as of August 31, 2026
966 Inverhouse Condos — Rental Market Data
Last Lease
2-BedroomBuilding Summary & Rental Market Overview
Rental market analytics and building profile as of August 31, 2026.
966 Inverhouse Condos at 966 Inverhouse Drive in Mississauga's Erindale neighbourhood is a 197-sue residential building completed in 1976 by Southdown Builders, and as of August 31, 2026, every unit is occupied with zero listings on the market. The building's availability rate sits at 0 percent, placing it well below the seven active listings currently circulating across the broader Erindale submarket. Leasing activity has been minimal in the trailing period: no closed leases registered in the past 30 or 90 days, and a single transaction closed over the past year at an average rent of $2,600 per month with a 115-day average time on market.
With no active inventory to benchmark, pricing intelligence draws on the building's one tracked lease: $2,600 per month across 950 square feet, yielding a realized rate of $2.74 per square foot. That figure sits 20.1 percent below the Erindale submarket's average realized lease rate of $3.43 per square foot and roughly 18 percent under the submarket's current asking benchmark of $3.35 per square foot. The single historical lease also reflects a 2-bedroom layout, consistent with the building's dominant tenanted profile, and the 950-square-foot footprint is notably larger than the compact one-bedroom suites that typically anchor submarket asking averages near $3,043 per month.
Renter actionability is constrained by full occupancy: there are no active listings to evaluate for marketing friction, layout depth, or negotiation leverage at this address. The one tracked lease closed exactly at asking with zero concession, suggesting balanced landlord-tenant leverage when a unit does come to market. Prospective renters should monitor the Erindale submarket's seven available listings as their near-term options and revisit 966 Inverhouse Condos if a unit becomes available, where the building's historically competitive per-square-foot rate and generous suite sizing could present a value advantage over submarket peers.
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Last Realized Lease
Transaction metrics for the most recently leased suite
Historical Active Listings & Market Dynamics
Analyze availability, historical asking prices, price per foot ($/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 | 2600 | 950 | 2.74 | 111 |
| 2026-04-28 | 1 | 2600 | 950 | 2.74 | 112 |
| 2026-04-29 | 1 | 2600 | 950 | 2.74 | 113 |
| 2026-04-30 | 1 | 2600 | 950 | 2.74 | 114 |
| 2026-06-09 | 1 | 2800 | 950 | 2.95 | N/A |
| 2026-06-10 | 1 | 2800 | 950 | 2.95 | 1 |
| 2026-06-11 | 1 | 2800 | 950 | 2.95 | 2 |
| 2026-06-12 | 1 | 2800 | 950 | 2.95 | 3 |
| 2026-06-13 | 1 | 2800 | 950 | 2.95 | 4 |
| 2026-06-14 | 1 | 2800 | 950 | 2.95 | 5 |
| 2026-06-15 | 1 | 2800 | 950 | 2.95 | 6 |
| 2026-06-16 | 1 | 2800 | 950 | 2.95 | 7 |
| 2026-06-17 | 1 | 2800 | 950 | 2.95 | 8 |
| 2026-06-18 | 1 | 2800 | 950 | 2.95 | 9 |
| 2026-06-19 | 1 | 2800 | 950 | 2.95 | 10 |
| 2026-06-20 | 1 | 2800 | 950 | 2.95 | 11 |
| 2026-06-21 | 1 | 2800 | 950 | 2.95 | 12 |
| 2026-06-22 | 1 | 2800 | 950 | 2.95 | 13 |
| 2026-06-23 | 1 | 2800 | 950 | 2.95 | 14 |
| 2026-06-24 | 1 | 2800 | 950 | 2.95 | 15 |
| 2026-06-25 | 1 | 2800 | 950 | 2.95 | 16 |
| 2026-06-26 | 1 | 2800 | 950 | 2.95 | 17 |
| 2026-06-27 | 1 | 2800 | 950 | 2.95 | 18 |
| 2026-06-28 | 1 | 2800 | 950 | 2.95 | 19 |
12-Month Market Dynamics & Trend Trajectory
966 Inverhouse Condos cleared its single tracked lease at $2,600 per month and $2.74 per square foot, placing it 16% below the Erindale submarket average lease rent of $3,097 and 20.1% below the submarket rate of $3.43 per square foot. The building's 950-square-foot footprint is larger than typical Erindale inventory, which explains part of the nominal rent gap but not the full per-square-foot discount. Tenants at this address are paying a meaningfully lower rate per square foot than the broader submarket, positioning the building as a value-oriented option within a $3,000-plus rental corridor. Pricing discipline at 966 Inverhouse Condos shows a perfectly balanced negotiation outcome, with the single lease closing at exactly 100% of asking price and zero dollar variance. No tenant discount was extracted and no landlord premium was captured, meaning the asking price matched market-clearing levels on this one transaction. With only one data point, this reflects a single aligned negotiation rather than a pattern of landlord concessions or tenant pushback on price across a volume of leases.
Historical building statistics - leased transactions
This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.
Latest leased insights and trends
| Date | Units Leased | Avg Leased Price ($) | Avg SqFt (SF) | Avg PSF ($/SF) | Avg DOM (Days) |
|---|---|---|---|---|---|
| 2026-04-26 | 1 | 2600 | 950 | 2.74 | 115 |
Nearby Building Rental Comparables & Price Spreads
Direct rental rate comparisons against residential properties in the immediate vicinity.
966 Inverhouse Condos at 966 Inverhouse Drive sits in a tight Erindale pocket where three nearby buildings recorded active lease volume over the trailing 180 days while one serves purely as an architectural reference. S2 Stonebrook Residences at 1035 Southdown Road (0.33 km, built in 2025) closed 14 leases, Stonebrook I at 1055 Southdown Rd (0.35 km, built in 2010) closed 5, and Waldens Landing at 1110 Walden Circ (0.43 km, built in 1989) closed 2. Sheridan Club at 1271 Walden Circ (0.22 km, built in 1989) recorded zero closed leases in the same window and functions as a structural and amenity reference rather than an active pricing benchmark. The subject, built in 1976 with 197 suites, is the oldest asset in this cluster by a full decade relative to the 1989 cohort and by nearly two decades relative to the 2010 and 2025 completions. Across the three active comparables, the blended benchmark averages $2,847 per month in realized rent, $3.25 per square foot, and 914 square feet of interior space. 966 Inverhouse Condos' single closed lease over the trailing year landed at $2,600 per month and $2.74 per square foot across a 950-square-foot suite, placing the subject below the comp average on both rate and total monthly outlay while delivering a footprint roughly 36 square feet larger than the comp mean. Against the Erindale submarket-wide leased benchmark of $3,097 per month and $3.43 per square foot, the subject trades at a meaningful discount on a per-square-foot basis, a gap that reflects its 1976 construction era and the absence of newer-generation lifestyle infrastructure such as rooftop terraces, EV charging, or business centres found in the 2025 and 2010 peer set.
Comparable Analysis & Questions
How do rental rates at 966 Inverhouse Condos compare to neighbouring buildings within Erindale?
966 Inverhouse Condos' realized lease rent of $2,600 per month sits $247 below the overall comp benchmark of $2,847, with the primary active competitors being S2 Stonebrook Residences, Stonebrook I, and Waldens Landing. S2 Stonebrook Residences at 1035 Southdown Road (0.33 km away) closed 14 leases over the trailing 180 days at an average of $3,596 per month, $3.14 per square foot, and 1,233 square feet; the subject trades at a lower monthly rent, $996 below that figure. Stonebrook I at 1055 Southdown Rd (0.35 km) closed 5 leases averaging $2,370 per month, $3.16 per square foot, and 760 square feet; the subject commands a higher monthly rent, $230 above that comp. Waldens Landing at 1110 Walden Circ (0.43 km) closed 2 leases averaging $2,575 per month, $3.44 per square foot, and 750 square feet; the subject commands a marginally higher monthly rent, $25 above that figure. Sheridan Club at 1271 Walden Circ (0.22 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.
Does 966 Inverhouse Condos offer a competitive price-per-square-foot ($/SF) against local comparables?
966 Inverhouse Condos leases at $2.74 per square foot across a 950-square-foot average suite, trading at a discount below every active nearby competitor on a per-square-foot basis while offering more interior space than two of the three active peers. Against S2 Stonebrook Residences (14 closed leases, $3.14 per square foot, 1,233 square feet), the subject trades at a $0.40 per square foot discount and provides 283 fewer interior square feet; the $996 lower monthly rent is driven primarily by that smaller footprint rather than a weaker asset valuation. Against Stonebrook I (5 closed leases, $3.16 per square foot, 760 square feet), the subject trades at a $0.42 per square foot discount yet provides 190 more interior square feet, meaning the $230 higher nominal rent is a function of the larger suite rather than a rate premium. Against Waldens Landing (2 closed leases, $3.44 per square foot, 750 square feet), the subject trades at a $0.70 per square foot discount and provides 200 more interior square feet, so the $25 higher monthly rent again reflects the additional floor area. In every active comparison, the subject delivers a lower rate per square foot, and the nominal rent variance is consistently explained by differences in interior footprint rather than by a shift in per-unit valuation.
How do building age, amenities, and developer reputation impact rent spreads?
966 Inverhouse Condos fields a 15-item amenity package anchored by an outdoor pool, tennis and pickleball court, woodworking room, dog run, and dining room and kitchen, a recreation-and-hobby profile that distinguishes it from the indoor-luxury and technology-focused packages at its newer peers. S2 Stonebrook Residences (built in 2025) counters with an indoor pool, hot tub and jacuzzi, rooftop terrace, EV charging station, car wash bay, yoga studio, business centre, and pet wash station but offers no outdoor pool, no tennis or pickleball court, no woodworking room, and no dedicated dog run. Stonebrook I (built in 2010) similarly provides an indoor pool, hot tub, rooftop terrace, and pet wash station while lacking the subject's outdoor pool, racquet courts, woodworking shop, and dog run. Waldens Landing (built in 1989) shares the outdoor pool and tennis court with the subject but adds squash and racquetball courts while omitting the woodworking room, dining room, and dog run. The subject's lifestyle package—outdoor aquatic and racquet recreation paired with hands-on hobby space and a dedicated pet area—best serves cost-conscious families and hobby-oriented professionals in Erindale who prioritize active outdoor living and practical common space over the indoor wellness and technology amenities that define the 2010 and 2025 peer set.
Building Amenities, Transit & Neighbourhood Features
Building amenities and neighbouring residential communities around 966 Inverhouse Condos.
Building Amenities
- Concierge & Security
- Gym & Fitness Centre
- Outdoor Pool
- Sauna & Steam Room
- Tennis & Pickleball Court
- Party & Lounge Room
- Meeting Room
- Games & Billiards Room
- Library & Reading Room
- Woodworking Room
- Dining Room & Kitchen
- BBQ Area
- Garden & Courtyard
- Children's Playground - Outdoor
- Dog Run
Residential Buildings in the Vicinity
- Sheridan Club220 m
- S2 Stonebrook Residences329 m
- Stonebrook I349 m
- Waldens Landing433 m
- The Craftsman1.0 km
- 2121 Roche Condos2.5 km
- 2485 Woking Condos3.6 km
- The Sheridan Manor4.2 km
- 75 South Maple Avenue South Townhouses4.4 km
- The Mason at Brightwater4.7 km
- Canyon Springs I4.7 km
- Windows on the Green4.7 km
Data Methodology & Analytical Standards
How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for 966 Inverhouse Condos.
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.