Markham West Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 35 tracked properties across Markham West, Markham.
Markham West Rental Market Overview
Markham West—situated within the municipality of Markham across postal sortation area L3T—operates as a high-speed rental hotspot characterised by rapid tenant absorption and consistent leasing velocity. Through the end of August 2026, public records show an average realized rent of $2,626 based on 50 closed leases over the trailing 30 days, alongside 40 active listings currently on the market. Active asking rents average $2,704 per month at $3.75 per square foot, creating a modest asking-to-realized spread of $78 per month where landlords and tenants meet close to list price. Across 35 tracked condominium developments, leasing activity is anchored by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed transactions.
Rental rates in the Markham West submarket sit at a premium compared to wider municipal standards, averaging $120 or 4.79% higher than the broader Markham benchmark of $2,506 per month. Properties across the area exhibit strong market liquidity, supported by a 30-day absorption rate of 55.6% as available listed suites move swiftly from active status to signed lease contracts.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Markham West
Closed Leases
Transactions that closed in August 2026 across Markham West
Markham West Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Markham West Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Markham West, Markham.
| Action | |||||
|---|---|---|---|---|---|
World on Yonge - I 7161-7171 Yonge St | $2,553/mo | $3.71/SF | 10leases | 7units | Comps |
Pavilia Towers - Building A 12 Gandhi Lane | $2,418/mo | $3.72/SF | 7leases | 7units | Comps |
Pavilia Towers - Building B 38 Gandhi Lane | $2,566/mo | $3.73/SF | 5leases | 5units | Comps |
Parkside Towers at World on Yonge (B1) 7165 Yonge St | $2,474/mo | $3.61/SF | 5leases | 1unit | Comps |
Eden Park Towers - Building C 273 South Park Rd | $2,570/mo | $3.25/SF | 5leases | 0units | Comps |
Victoria Tower 88 Times Ave | $2,563/mo | $3.02/SF | 4leases | 2units | Comps |
Eden Park II - Building H 325 South Park Rd | $2,450/mo | $3.21/SF | 3leases | 4units | Comps |
The Vanguard 1 Grandview Ave | $2,717/mo | $3.80/SF | 3leases | 2units | Comps |
Parkside Towers at World on Yonge (B2) 7167 Yonge St | $2,633/mo | $3.70/SF | 3leases | 1unit | Comps |
Eden Park II - Building G 277 South Park Rd | $2,267/mo | $3.49/SF | 3leases | 1unit | Comps |
Parkview Tower I 39 Galleria Pkwy | $2,247/mo | $3.46/SF | 3leases | 0units | Comps |
Thornhill Tower II 48 Suncrest Blvd | $2,175/mo | $3.48/SF | 2leases | 1unit | Comps |
Landmark of Thornhill I 7805 Bayview Ave | $3,425/mo | $2.71/SF | 2leases | 0units | Comps |
Parkview Tower II 37 Galleria Pkwy | $2,725/mo | $3.41/SF | 2leases | 0units | Comps |
Thornhill Tower I 62 Suncrest Blvd | $2,100/mo | $3.23/SF | 1lease | 2units | Comps |
The Tower I 25 Times Ave | $2,800/mo | $2.55/SF | 1lease | 1unit | Comps |
Eden Park Towers - Building B 253 South Park Rd | $2,850/mo | $2.59/SF | 1lease | 1unit | Comps |
Landmark of Thornhill II 7825 Bayview Ave | $3,600/mo | $2.77/SF | 1lease | 0units | Comps |
Landmark of Thornhill III 7905 Bayview Ave | $4,000/mo | $2.35/SF | 1lease | 0units | Comps |
The Gazebo 8111 Yonge St | $3,500/mo | $2.69/SF | 1lease | 0units | Comps |
The Summit Condos 7811 Yonge Street | $2,350/mo | $3.13/SF | 1lease | 0units | Comps |
Eden Park Towers - Building A 233 South Park Rd | $2,850/mo | $2.59/SF | 1lease | 0units | Comps |
Thornhill Orchards I 50 Inverlochy Blvd | $3,000/mo | $3.16/SF | 1lease | 0units | Comps |
The Tower II 51 Times Ave | $2,200/mo | $3.38/SF | 1lease | 0units | Comps |
Saddlecreek at the Galleria 135 Pond Dr | $3,000/mo | $3.16/SF | 1lease | 0units | Comps |
Galleria Tower 51 Saddlecreek Dr | $2,050/mo | $3.15/SF | 1lease | 0units | Comps |
Royal Bayview - South Tower 399 Royal Orchard Blvd | $2,950/mo | $4.54/SF | 1lease | 0units | Comps |
Avignon at Bayview 7071 Bayview Ave | $4,200/mo | $2.80/SF | 1lease | 0units | Comps |
Ascot Mansions 2100 - 2200 John St | $2,150(ask) | $3.91 (ask) | 0leases | 1unit | Comps |
Thornhill Orchards II 60 Inverlochy Blvd | $3,200(ask) | $2.46 (ask) | 0leases | 1unit | Comps |
The Derby Tower 130 Pond Dr | $3,300(ask) | $2.20 (ask) | 0leases | 1unit | Comps |
Edgewater at the Galleria 399 South Park Rd | $2,600(ask) | $2.74 (ask) | 0leases | 1unit | Comps |
Royal Bayview - North Tower 397 Royal Orchard Blvd | $2,950(ask) | $4.54 (ask) | 0leases | 1unit | Comps |
Royal Orchard 1 Royal Orchard Blvd | — | — | 0leases | 0units | Comps |
Royal Orchard II 80 Inverlochy Boulevard | — | — | 0leases | 0units | Comps |
7161-7171 Yonge St
12 Gandhi Lane
38 Gandhi Lane
7165 Yonge St
273 South Park Rd
88 Times Ave
325 South Park Rd
1 Grandview Ave
7167 Yonge St
277 South Park Rd
39 Galleria Pkwy
48 Suncrest Blvd
7805 Bayview Ave
37 Galleria Pkwy
62 Suncrest Blvd
25 Times Ave
253 South Park Rd
7825 Bayview Ave
7905 Bayview Ave
8111 Yonge St
7811 Yonge Street
233 South Park Rd
50 Inverlochy Blvd
51 Times Ave
135 Pond Dr
51 Saddlecreek Dr
399 Royal Orchard Blvd
7071 Bayview Ave
2100 - 2200 John St
60 Inverlochy Blvd
130 Pond Dr
399 South Park Rd
397 Royal Orchard Blvd
1 Royal Orchard Blvd
80 Inverlochy Boulevard
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Markham West.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
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.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Markham West Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Markham West
Markham West—situated within the municipality of Markham across postal sortation area L3T—operates as a high-speed rental hotspot characterised by rapid tenant absorption and consistent leasing velocity. Through the end of August 2026, public records show an average realized rent of $2,626 based on 50 closed leases over the trailing 30 days, alongside 40 active listings currently on the market. Active asking rents average $2,704 per month at $3.75 per square foot, creating a modest asking-to-realized spread of $78 per month where landlords and tenants meet close to list price. Across 35 tracked condominium developments, leasing activity is anchored by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed transactions.
Rental rates in the Markham West submarket sit at a premium compared to wider municipal standards, averaging $120 or 4.79% higher than the broader Markham benchmark of $2,506 per month. Properties across the area exhibit strong market liquidity, supported by a 30-day absorption rate of 55.6% as available listed suites move swiftly from active status to signed lease contracts.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Markham West is currently $2,626/month ($3.54/SF), with an average leasing velocity of 25 Days on Market. Compared to the overall Markham municipal benchmark ($2,506/month), Markham West trades at a 5% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Galleria Tower ($2,050/mo) to Avignon at Bayview ($4,200/mo).
Month Over Month Trends
Month-over-month leasing data indicates positive pricing momentum across Markham West, with average realized rents rising by $36 or 1.39% compared to the prior 30-day window where 57 closed leases averaged $2,590 per month. This short-term upward adjustment reflects shifting transaction mixes within the closed sample rather than aggressive nominal rent hikes, as seasonal leasing demand absorbed a higher concentration of multi-bedroom and den suites over the current tracking period. Price-per-square-foot metrics remained stable over the same timeframe, moving from $3.59 down to $3.54 per square foot as average square footage per executed lease adjusted slightly.
Longer Term Trends & Rental Dispersion
Long-term historical baseline trends in Markham West demonstrate stable pricing across all tracked historical periods, matching the all-time average lease price of $2,636 across 204 historical transactions. Overall rent dispersion spans a wide absolute range from a minimum of $1,250 to a maximum of $4,800 per month across the entire historical sample size of 204 leases. The median monthly rent sits at $2,450, while the middle 50% of the market—defined by the interquartile range—operates between a 25th percentile of $2,250 and a 75th percentile of $2,862 per month, representing an absolute dispersion spread of $612. This distribution highlights a balanced multi-residential ecosystem encompassing accessible entry-level units alongside executive penthouse inventory in premium developments.
Currently across Markham West's 35 tracked multi-family properties, there are 40 active rental listings with an average asking rent of $2,704/month ($3.75/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,626/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Markham West should prepare for a fast-moving leasing environment where well-priced suites secure executed contracts within an average of 25 days. Renters targeting entry-level 1-bedroom units will find middle 50% pricing clustered between $2,100 and $2,200 per month, while stepping up to a 1-bedroom plus den suite adds an average of $205 per month (a 9.46% increase) for an additional 59 square feet of living space. Upgrading from a standard 1-bedroom to a 2-bedroom unit requires a substantial step-up of $902 per month—a 41.64% increase—in exchange for an extra 369 square feet. Applicants should note that 3-bedroom suites represent an ultra-scarce segment with only 2 closed leases recorded over the past 30 days and an average realized rent of $3,600. Because properties lease 2 days faster than the wider Markham municipal average, prospective renters must have documentation ready and be prepared to submit applications promptly upon viewing active listings.
For Landlords
Landlords and condo investors operating in Markham West benefit from a high-absorption market where 55.6% of available supply clears within a 30-day window. With active asking rents averaging $2,704 against closed lease contracts averaging $2,626, the asking-to-realized spread remains tight at $78 per month. Property owners should price their suites in close alignment with recent closed lease benchmarks rather than pushing aggressive asking targets, as overpricing outside the established middle 50% band risks extending vacancy timelines past the submarket average of 25 days. Investors holding 2-bedroom units or larger family configurations should highlight square footage efficiency, as closed 2-bedroom leases average 967 square feet at $3.22 per square foot. Maintaining realistic pricing parity with current market comps ensures rapid tenant placement and minimal carrying costs.
For Realtors
Real estate professionals representing clients in Markham West are operating in a liquid submarket anchored by 35 tracked condominium buildings within postal sortation area L3T. Market liquidity is robust, supported by 50 closed leases over the trailing 30 days and an average days-on-market of 25 days—outperforming the broader Markham municipal pace by 2 days. Agents should advise clients that asking-to-realized spreads remain narrow across standard 1-bedroom and 1-bedroom plus den configurations, requiring disciplined pricing and prompt offer execution. When navigating negotiations, practitioners should leverage granular interquartile data—such as the $100 IQR spread on standard 1-bedroom units versus the $200 IQR spread on standard 2-bedroom units—to set realistic client expectations and manage list-to-lease margins effectively.
Markham West Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Markham West, Markham
What is the average rent for a condominium or apartment in Markham West, Markham?
Markham West's average realized lease price is $2,626 per month ($3.54 per square foot), based on 50 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans from a 25th percentile of $2,250 to a 75th percentile of $2,862 per month, with an overall median rent of $2,450. Submarket rents sit 4.79% higher than the broader Markham municipal benchmark of $2,506 per month.
How much is a 1-bedroom apartment in Markham West?
The average rent for a 1-bedroom apartment in Markham West, Markham is $2,276 per month ($3.82 per square foot), while 1-bedroom plus den suites average $2,375 per month, based on 30-day tracking through August 31, 2026. Most 1-bedroom units lease between $2,100 (25th percentile) and $2,200 (75th percentile) per month, with an average size of 598 square feet across closed transactions.
How much is a 2-bedroom apartment in Markham West?
The average rent for a 2-bedroom apartment in Markham West, Markham is $3,169 per month ($3.13 per square foot), while 2-bedroom plus den suites average $3,263 per month, based on 30-day tracking through August 31, 2026. Most standard 2-bedroom units lease between $2,800 (25th percentile) and $3,000 (75th percentile) per month, representing a step-up of $902 per month and 369 square feet compared to standard 1-bedroom suites.
How much is a 3-bedroom apartment in Markham West?
The average rent for a 3-bedroom apartment in Markham West, Markham is $3,600 per month ($2.88 per square foot), based on 30-day data through August 31, 2026. Three-bedroom apartment rentals in Markham West represent a highly scarce inventory segment with limited closed transactions recorded in the current tracking period, averaging 1,382 square feet across closed leases.
What are the most affordable and premium condo and apartment buildings in Markham West?
Within Markham West, Royal Bayview - North Tower commands the highest average lease rate at approximately $4,438 per month, while entry-level private transactions across tracked submarket inventory start at $2,000 per month at Ascot Mansions.
How does rent in Markham West compare to the overall Markham average?
Markham West rents average $2,626 per month, which is higher than the overall Markham average of $2,506 per month (a spread of $120 or 4.79%). Properties in Markham West spend an average of 25 days on the market—leasing 2 days faster than the broader Markham municipal benchmark of 27 days.
What are the postal code FSAs for Markham West?
Condo and apartment rentals in Markham West primarily fall within postal forward sortation areas such as L3T.
How fast do rental units lease in Markham West (Days on Market)?
Rental listings in Markham West spend an average of 25 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days faster than the broader Markham municipal benchmark of 27 days.
How should landlords price their rental listings in Markham West to avoid vacancy loss?
With active listings averaging $2,704 against closed leases at $2,626—an asking-to-realized spread of $78 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the submarket average of 25 days.
How much more will a unit with a parking spot in Markham West rent for versus a unit without one?
Reserved parking in Markham West adds an estimated $340 per month to 1-bedroom rental rates based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Markham West rents?
Standard lease agreements in Ontario require renters to set up separate accounts for suite hydro and heating/cooling power. Water service and common amenity upkeep are almost universally included in the owner's monthly maintenance fees.
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