The Annex Apartments for Rent & Condo Comps

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 44 tracked properties across The Annex, Toronto.

Postal Codes Covered:M5R, M5S, M6G

The Annex Rental Market Overview

As of late September 2026, the rental market in The Annex submarket of Toronto—concentrated within postal forward sortation area M5R across 44 tracked buildings—reflects a balanced pricing consensus with moderate turnover velocity. Public records show 3 closed leases executed over the trailing 30 days at an average realized rent of $2,793 per month, alongside 16 active listings currently on the market with an average asking rent of $3,008 per month. This produces an asking-to-realized spread of $215 per month, indicating that landlord asking targets sit moderately above executed contract terms.

Rental rates in The Annex submarket closely mirror the wider Toronto municipal average, with both benchmarks sitting at $2,793 per month. Transaction volume over medium- and long-term horizons remains robust, with 28 closed leases recorded over the trailing 90 days and 90 total historical leases establishing a reliable multi-month baseline. Across tracked inventory, 1-bedroom and 2-bedroom configurations account for the vast majority of executed transactions.

Data as of August 31, 2026. September figures will publish once the month's data is complete.

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Analyze verified lease comps and active asking rates across 44 buildings in The Annex.

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Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across The Annex

Active Listings
16units
Across 44 buildings
Average Asking Rent
$3,008/mo
0.0% Asking Trend
Average Unit Size
692SF
Asking layout average
Average Asking / SF
$4.48/SF
Current asking rate
Average Days on Market
142days
Active listing age

Closed Leases

Transactions that closed in August 2026 across The Annex

Units Leased
11closed
Executed transactions
Average Leased Rent
$3,321/mo
+4.8% MoM Delta
Average Leased SF
759SF
Executed size average
Average Leased / SF
$4.51/SF
Realized per-foot rate
Average Days on Market
12days
Days to execute lease

The Annex Rental Rates by Unit Layout

Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.

Studio / Bachelor
$1,950*/mo
$4.76/SF · 410 SF
*Toronto benchmark comp
Parity vs Toronto
1-Bedroom
$2,543/mo
$4.77/SF · 550 SF
+$226 vs Toronto
1-Bedroom + Den
$2,690*/mo
$4.42/SF · 610 SF
*90-day realized benchmark (low 30-day turnover)
+$108 vs Toronto
2-Bedroom
$3,613/mo
$4.41/SF · 838 SF
+$335 vs Toronto
2-Bedroom + Den
$3,958*/mo
$4.33/SF · 940 SF
*Toronto benchmark comp
Parity vs Toronto
3-Bedroom+
$5,008*/mo
$4.43/SF · 1133 SF
*90-day realized benchmark (low 30-day turnover)
+$588 vs Toronto

The Annex Tracked Buildings & Lease Comps

Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in The Annex, Toronto.

ANX Condos

322 Dupont Street

$3,538
avg leased
Leased $/SF: $4.87/SF
Days on Market: 10d
Closed Leases: 4
Active Supply: 2 units
118 Total SuitesBuilding Comps
$3,067
avg leased
Leased $/SF: $4.51/SF
Days on Market: 15d
Closed Leases: 3
Active Supply: 6 units
233 Total SuitesBuilding Comps
Bianca

280 Howland Ave

$3,193
avg leased
Leased $/SF: $4.11/SF
Days on Market: 9d
Closed Leases: 3
Active Supply: 0 units
216 Total SuitesBuilding Comps
The 664 Spadina

664 Spadina Avenue

$6,980
avg leased
Leased $/SF: $5.37/SF
Days on Market: 60d
Closed Leases: 1
Active Supply: 2 units
113 Total SuitesBuilding Comps
Mosaic

736 Spadina Ave

$2,395
avg leased
Leased $/SF: $4.35/SF
Days on Market: 78d
Closed Leases: 1
Active Supply: 0 units
217 Total SuitesBuilding Comps
Pears on the Avenue

170 Avenue Rd

$3,600
avg leased
Leased $/SF: $4.24/SF
Days on Market: 17d
Closed Leases: 1
Active Supply: 0 units
175 Total SuitesBuilding Comps
AYC - Towns

165-175 Pears Ave/270 Davenport Rd

$3,700
avg leased
Leased $/SF: $3.64/SF
Days on Market: 56d
Closed Leases: 1
Active Supply: 0 units
45 Total SuitesBuilding Comps
28 Madison Avenue

28 Madison Avenue

$2,400
avg leased
Leased $/SF: $3.20/SF
Days on Market: 73d
Closed Leases: 1
Active Supply: 0 units
6 Total SuitesBuilding Comps
Exhibit

200 Bloor St W

$2,925
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 2 units
206 Total SuitesBuilding Comps
The Dunhill Club

95 Prince Arthur Ave

$2,700
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
206 Total SuitesBuilding Comps
B.Streets Condos

783 Bathurst St

$2,000
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
195 Total SuitesBuilding Comps
47 Madison Avenue

47 Madison Avenue

$4,800
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
Condo ResidenceBuilding Comps
Spadina Residences

70 Spadina Road

$2,270
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
Condo ResidenceBuilding Comps
Sussex Square

666 Spadina Avenue

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
334 Total SuitesBuilding Comps
Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
264 Total SuitesBuilding Comps
The Prince Arthur

38 Avenue Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
150 Total SuitesBuilding Comps
276 George

276 St George Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
149 Total SuitesBuilding Comps
The Summit

280 St George Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
149 Total SuitesBuilding Comps
The Vincennes

35 Walmer Road

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
147 Total SuitesBuilding Comps
720 Spadina Co-Ownership

720 Spadina Avenue

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
123 Total SuitesBuilding Comps
88 Bernard Avenue

88 Bernard Avenue

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
82 Total SuitesBuilding Comps
Brazil Towers

485 Huron Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
76 Total SuitesBuilding Comps
Saint George Mews

284 Bloor St W

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
74 Total SuitesBuilding Comps
190 George

190 St George St

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
67 Total SuitesBuilding Comps
55 Prince Arthur

55 Prince Arthur Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
66 Total SuitesBuilding Comps
161 Saint George

161 St George Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
63 Total SuitesBuilding Comps
Farewell Apartments

11 Walmer Road

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
63 Total SuitesBuilding Comps
177 George

177 St George Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
56 Total SuitesBuilding Comps
The Loretto

385 Brunswick Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
49 Total SuitesBuilding Comps
Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
43 Total SuitesBuilding Comps
Gibson Place

212 St George St

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
41 Total SuitesBuilding Comps
409 Huron Street

409 Huron Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
40 Total SuitesBuilding Comps
66 Avenue Road

4 Lowther Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
40 Total SuitesBuilding Comps
142 Pears Avenue

142 Pears Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
32 Total SuitesBuilding Comps
346 Davenport

346 Davenport Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
30 Total SuitesBuilding Comps
Museum House

206 Bloor St W

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
27 Total SuitesBuilding Comps
10 Prince Arthur

10 Prince Arthur Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
25 Total SuitesBuilding Comps
Residences of Designer's Walk

330 - 338 Davenport Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
24 Total SuitesBuilding Comps
Schoolhouse

391 Brunswick Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
19 Total SuitesBuilding Comps
The Creed Building

295 Davenport Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
19 Total SuitesBuilding Comps
277 Davenport

277 Davenport Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
9 Total SuitesBuilding Comps
Brunswick Lofts

225 Brunswick Ave

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
7 Total SuitesBuilding Comps
44 Walmer

44 Walmer Road

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
Condo ResidenceBuilding Comps
605 Bloor

605 Bloor Street

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
Condo ResidenceBuilding Comps
Calculation Methodology & Metrics Context (August 2026)
Average Leased Rent:

Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in The Annex.

Leased $/SF & Density:

Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).

Closed Leases & Fallbacks:

Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.

Days on Market & Supply:

The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.

The Annex Rental Market Dynamics & Local Yield Trends

Historic Heritage Character Blended with Academic & Transit Prestige

As of late September 2026, the rental market in The Annex submarket of Toronto—concentrated within postal forward sortation area M5R across 44 tracked buildings—reflects a balanced pricing consensus with moderate turnover velocity. Public records show 3 closed leases executed over the trailing 30 days at an average realized rent of $2,793 per month, alongside 16 active listings currently on the market with an average asking rent of $3,008 per month. This produces an asking-to-realized spread of $215 per month, indicating that landlord asking targets sit moderately above executed contract terms.

Rental rates in The Annex submarket closely mirror the wider Toronto municipal average, with both benchmarks sitting at $2,793 per month. Transaction volume over medium- and long-term horizons remains robust, with 28 closed leases recorded over the trailing 90 days and 90 total historical leases establishing a reliable multi-month baseline. Across tracked inventory, 1-bedroom and 2-bedroom configurations account for the vast majority of executed transactions.

Submarket Pricing Density & Municipal Benchmark Spread

The realized average lease rate in The Annex is currently $3,321/month ($4.51/SF), with an average leasing velocity of 12 Days on Market. Compared to the overall Toronto municipal benchmark ($2,810/month), The Annex trades at a 18% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Mosaic ($2,395/mo) to The 664 Spadina ($6,980/mo).

Month Over Month Trends

Month-over-month performance figures show a registered adjustment of -$528 or -15.90% in average realized lease pricing, shifting from $3,321 per month across 11 closed leases in the prior 30-day window to $2,793 per month across 3 closed leases in the latest 30-day period. This short-term variance is driven by a lower closed transaction volume and a heavier concentration of compact 1-bedroom suite leases in the most recent snapshot compared to a more mixed layout distribution in the preceding month.

Longer Term Trends & Rental Dispersion

Mid-term and all-time baseline metrics confirm long-term rental pricing stability in The Annex. Over the trailing 90 days, 28 closed leases averaged $3,188 per month at $4.45 per square foot, while the historical baseline across 90 recorded transactions stands at $2,989 per month and $4.43 per square foot. Overall rent dispersion highlights a wide pricing spectrum across the submarket, bounded by a minimum realized rent of $1,975 and a maximum of $6,980 per month. The middle 50% of the market—defined by the interquartile range—spans from a 25th percentile rent of $2,400 to a 75th percentile rent of $3,375, anchored by a median rent of $2,900 per month.

Currently across The Annex's 44 tracked multi-family properties, there are 16 active rental listings with an average asking rent of $3,008/month ($4.48/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,321/month, representing real-world contract values negotiated between property owners and prospective tenants.

For Renters

Prospective renters searching in The Annex should target the middle 50% market band, where monthly rents range between $2,400 and $3,375. Stepping up from a standard 1-bedroom suite (averaging $2,329 across 180 days) to a 2-bedroom suite (averaging $3,398) requires an average monthly rent step-up of $1,069 (or 45.9%), gaining an additional 246 square feet of living space. Upgrading from a 2-bedroom to a 3-bedroom layout adds an average of $1,610 per month in rental cost. With active properties leasing in an average of 21 days, applicants should prepare documentation and deposit funds in advance to secure desirable suites quickly.

For Landlords

Landlords and condo investors with assets in The Annex must calibrate pricing strategies against verified realized benchmarks rather than aspirational asking figures. With active listings averaging $3,008 against closed leases at $2,793 over the latest 30-day window, properties priced above the 75th percentile threshold of $3,375 face extended marketing periods beyond the submarket's 21-day average days on market. Aligning list prices closely with recent closed comparables ensures steady absorption and minimizes vacancy loss.

For Realtors

Real estate professionals representing clients in The Annex should leverage the submarket's balanced liquidity and 15.8% absorption rate to manage client expectations effectively. With 16 active listings distributed across 44 tracked buildings in the M5R postal node, agents should guide sellers to bridge the $215 asking-to-realized spread early in the marketing cycle. For tenant clients, targeting properties priced within the $2,400 to $3,375 interquartile range provides the optimal balance of selection and negotiation leverage.

Frequently Asked Questions

The Annex Rental Market & Leasing FAQs

Essential insights for tenants, property owners, and real estate professionals navigating The Annex, Toronto

What is the average rent for a condominium or apartment in The Annex, Toronto?

The Annex's average realized lease price is $2,793 per month ($4.79 per square foot), based on 3 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from $2,400 (25th percentile) to $3,375 (75th percentile), with an overall median rent of $2,900 per month. Rental rates in the submarket closely match the broader Toronto municipal average of $2,821 per month.

How much is a 1-bedroom apartment in The Annex?

The average rent for a 1-bedroom apartment in The Annex, Toronto is $2,329 per month ($4.45 per square foot) based on 180-day data, while 1-bedroom plus den suites average $2,750 per month based on 180-day data. Most 1-bedroom units lease between $2,125 (25th percentile) and $2,465 (75th percentile) per month, with an average size of 535 square feet.

How much is a 2-bedroom apartment in The Annex?

The average rent for a 2-bedroom apartment in The Annex, Toronto is $3,398 per month ($4.38 per square foot) based on 180-day data, while 2-bedroom plus den suites average $3,550 per month based on 180-day data. Most 2-bedroom units lease between $3,000 (25th percentile) and $3,600 (75th percentile) per month, representing an average rent step-up of $1,069 and an additional 246 square feet compared to standard 1-bedroom layouts.

How much is a 3-bedroom apartment in The Annex?

The average rent for a 3-bedroom apartment in The Annex, Toronto is $5,008 per month ($4.43 per square foot), based on 180-day data across 4 closed leases. Three-bedroom suites represent an exclusive inventory segment in the submarket, offering an average of 1,133 square feet of living space with realized lease prices ranging from $3,900 to $6,980 per month.

What are the most affordable and premium condo and apartment buildings in The Annex?

Within The Annex, The 664 Spadina commands the highest average lease rate at approximately $5,263 per month, while B.Streets Condos offers the most accessible entry point at around $2,050 per month based on tracked private condo transactions.

How does rent in The Annex compare to the overall Toronto average?

Rental rates in The Annex closely mirror the wider Toronto municipal average, with both benchmarks sitting at $2,793 per month. Properties in The Annex spend an average of 21 days on the market—leasing 3 days slower than the broader Toronto municipal benchmark of 18 days.

What are the postal code FSAs for The Annex?

Condo and apartment rentals in The Annex primarily fall within postal forward sortation areas such as M5R.

How fast do rental units lease in The Annex (Days on Market)?

Properties in The Annex spend an average of 21 days on the market—leasing 3 days slower than the broader Toronto municipal benchmark of 18 days.

How should landlords price their rental listings in The Annex to avoid vacancy loss?

With active listings averaging $3,008 against closed leases at $2,793—an asking-to-realized spread of $215 per month—landlords in The Annex should price properties in close alignment with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket's 21-day average days on market.

How much more will a unit with a parking spot in The Annex rent for versus a unit without one?

Reserved parking in The Annex adds an estimated $343 to $609 per month to 1-bedroom and 2-bedroom rental rates, respectively, based on verified unbundled lease comps.

Are parking spaces, lockers, and utilities included in The Annex rents?

Tenants in modern Ontario condos should budget separately for hydro and heat pump consumption. Bulk water service and structural maintenance are bundled into the building corporation's operating expenses and paid by the landlord.

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