Unionville Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 13 tracked properties across Unionville, Markham.
Unionville Rental Market Overview
As of late summer 2026, the Unionville submarket within the municipality of Markham—concentrated primarily around postal forwarding sortation area L3R across 13 tracked developments—operates as a pronounced pricing gap and negotiation market. Through the end of August 2026, the area recorded an average realized rent of $2,771 per month based on 18 closed leases over the trailing 30 days, alongside 19 active listings currently on the market with an average asking rent of $3,160 per month. This creates a notable asking-to-realized spread of $389 per month, reflecting a disconnect between landlord aspirational pricing targets and signed tenant contracts. Unionville rental rates sit at a 10.57% premium—representing a dollar difference of $265 per month—compared to the broader Markham municipal average of $2,506 per month. Transaction volume is anchored heavily by 1-bedroom and 1-bedroom plus den layouts, supported by a tracked building count that spans accessible properties like The Essential and executive enclaves such as The Varley.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Unionville
Closed Leases
Transactions that closed in September 2026 across Unionville
Unionville Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Unionville Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Unionville, Markham.
| Action | |||||
|---|---|---|---|---|---|
Circa 33 Cox Blvd | $2,803/mo | $3.28/SF | 8leases | 5units | Comps |
The Courtyards - Building 1 101 Cathedral High St | $2,500/mo | $3.32/SF | 4leases | 0units | Comps |
Garden Court 28 Prince Regent St | $2,767/mo | $2.94/SF | 3leases | 5units | Comps |
Unionville Gardens 268 - 278 Buchanan Dr | $3,050/mo | $3.15/SF | 2leases | 6units | Comps |
The Varley 20 Fred Varley Dr | $3,200/mo | $3.67/SF | 2leases | 1unit | Comps |
Circa II 23 Cox Blvd | $3,400/mo | $2.83/SF | 1lease | 5units | Comps |
The Essential 540 Bur Oak Ave | $2,250/mo | $3.69/SF | 1lease | 0units | Comps |
Ellington Park 1 Verclaire Gate | $3,900/mo | $2.60/SF | 1lease | 0units | Comps |
The Hunt Club 610 Bullock Dr | — | — | 0leases | 0units | Comps |
Walden Pond II 25 Austin Dr | — | — | 0leases | 0units | Comps |
Walden Pond I 55 Austin Dr | — | — | 0leases | 0units | Comps |
The 6th Angus Glen - Building A 9 Stollery Pond Cres | — | — | 0leases | 0units | Comps |
The 6th Angus Glen - Building B 15 Stollery Pond Cres | — | — | 0leases | 0units | Comps |
33 Cox Blvd
101 Cathedral High St
28 Prince Regent St
268 - 278 Buchanan Dr
20 Fred Varley Dr
23 Cox Blvd
540 Bur Oak Ave
1 Verclaire Gate
610 Bullock Dr
25 Austin Dr
55 Austin Dr
9 Stollery Pond Cres
15 Stollery Pond Cres
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Unionville.
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.
Unionville Rental Market Dynamics & Local Yield Trends
Historic Heritage Charm & Premier York Region Academic Enclave
As of late summer 2026, the Unionville submarket within the municipality of Markham—concentrated primarily around postal forwarding sortation area L3R across 13 tracked developments—operates as a pronounced pricing gap and negotiation market. Through the end of August 2026, the area recorded an average realized rent of $2,771 per month based on 18 closed leases over the trailing 30 days, alongside 19 active listings currently on the market with an average asking rent of $3,160 per month. This creates a notable asking-to-realized spread of $389 per month, reflecting a disconnect between landlord aspirational pricing targets and signed tenant contracts. Unionville rental rates sit at a 10.57% premium—representing a dollar difference of $265 per month—compared to the broader Markham municipal average of $2,506 per month. Transaction volume is anchored heavily by 1-bedroom and 1-bedroom plus den layouts, supported by a tracked building count that spans accessible properties like The Essential and executive enclaves such as The Varley.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Unionville is currently $3,350/month ($2.93/SF), with an average leasing velocity of 14 Days on Market. Compared to the overall Markham municipal benchmark ($2,590/month), Unionville trades at a 29% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from The Essential ($2,250/mo) to Ellington Park ($3,900/mo).
Month Over Month Trends
On a month-over-month basis, average realized rents in Unionville increased by $94, or 3.51%, moving from a prior 30-day average of $2,677 per month across 23 closed leases to a current 30-day average of $2,771 per month across 18 closed leases. This short-term upward adjustment is driven by shifts in transaction composition rather than broad market inflation, specifically supported by a higher concentration of multi-bedroom lease executions in the latest 30-day window, including 5 closed transactions for 2-bedroom plus den layouts averaging $3,080 per month and 3 transactions for standard 2-bedroom suites averaging $3,210 per month.
Longer Term Trends & Rental Dispersion
Longer-term performance metrics indicate a durable baseline, with 180-day and historical averages both sitting at $2,620 per month across $3.46 per square foot over 78 total tracked leases. The overall rent dispersion across the submarket ranges from a minimum of $1,875 per month to a maximum of $4,000 per month, with a median rent of $2,400 per month. The middle 50% of the market—defined by an interquartile range (IQR) of $750—spans from a 25th percentile benchmark of $2,250 per month to a 75th percentile benchmark of $3,000 per month across the 78-unit sample size, illustrating a moderate spread between entry-level private suites and luxury inventory.
Currently across Unionville's 13 tracked multi-family properties, there are 22 active rental listings with an average asking rent of $2,859/month ($3.40/SF). For closed transactions executed in September 2026, realized lease agreements averaged $3,350/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Unionville should prepare for a negotiating environment where asking rents outpace closed contract figures by a substantial margin. Renters targeting the middle 50% of the market can expect pricing between $2,250 and $3,000 per month. Stepping up from a standard 1-bedroom suite (averaging $2,203 per month overall) to a 1-bedroom plus den layout requires an additional $115 per month (a 5.22% increase) for 29 extra square feet. Transitioning from a 1-bedroom to a standard 2-bedroom suite (averaging $2,956 per month) involves a rent step-up of $753 per month—equal to a 34.18% increase—gaining 238 square feet of living space. Moving further to a 2-bedroom plus den configuration (averaging $3,149 per month) adds $193 per month, while 3-bedroom plus units average $3,163 per month. With properties averaging 30 days on the market, applicants have room to evaluate options, though desirable units priced within the median range move swiftly.
For Landlords
Landlords and condo investors operating in Unionville must navigate a noticeable pricing gap where active asking rents average $3,160 per month against closed lease contracts averaging $2,771 per month, representing an asking-to-realized spread of $389 per month. Overpricing outside the established middle 50% band ($2,250 to $3,000 per month) risks extending vacancy timelines beyond the submarket's 30-day average DOM. Property owners should align leasing targets closely with recent realized comps rather than aspirational asking figures. Absorption holds at a moderate 48.6%, indicating that landlords offering functional layouts—such as 1-bedroom plus den units averaging $2,318 per month or 2-bedroom configurations averaging $2,956 per month—will capture tenant demand most effectively by maintaining competitive pricing discipline.
For Realtors
Real estate professionals representing clients in Unionville must manage client expectations around list-to-lease spreads, given the $389 divergence between active asking averages ($3,160 per month) and realized 30-day lease contracts ($2,771 per month). Across the 13 tracked buildings within postal FSA L3R, market liquidity remains stable with 18 closed leases over the trailing 30 days and 78 historical transactions. Agents should leverage median benchmark data—specifically the $2,400 per month median rent and the $2,250 to $3,000 per month interquartile range—to guide offer strategies on standard 1-bedroom and 2-bedroom suites. With a submarket days-on-market average of 30 days, agents advising landlords should emphasize prompt price adjustments to prevent extended vacancy periods that trail the broader Markham municipal average.
Unionville Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Unionville, Markham
What is the average rent for a condominium or apartment in Unionville, Markham?
Unionville's average realized lease price is $2,771 per month ($3.54/sqft), based on 18 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans from $2,250 (25th percentile) to $3,000 (75th percentile) per month, with an overall median rent of $2,400 per month. This places Unionville at a 10.57% premium compared to the broader Markham municipal average of $2,506 per month.
How much is a 1-bedroom apartment in Unionville?
The average rent for a 1-bedroom apartment in Unionville, Markham is $2,203 per month ($3.53/sqft) based on historical data, while 1-bedroom plus den suites average $2,318 per month ($3.53/sqft) across 26 closed leases. Most standard 1-bedroom units lease between $2,100 (25th percentile) and $2,275 (75th percentile) per month, with an average size of 629 square feet. Over the trailing 30 days, 4 standard 1-bedroom units closed at an average of $2,188 per month ($3.51/sqft), while 4 1-bedroom plus den units closed at an average of $2,438 per month ($3.58/sqft).
How much is a 2-bedroom apartment in Unionville?
The average rent for a 2-bedroom apartment in Unionville, Markham is $2,956 per month ($3.42/sqft) based on closed lease data, while 2-bedroom plus den suites average $3,149 per month ($3.42/sqft) across 20 closed transactions over the tracking period. Most standard 2-bedroom units lease between $2,750 (25th percentile) and $2,980 (75th percentile) per month, offering an average size of 867 square feet. Transitioning from a 1-bedroom to a standard 2-bedroom suite represents a rent step-up of $753 per month (34.18%) and an additional 238 square feet of living space.
How much is a 3-bedroom apartment in Unionville?
The average rent for a 3-bedroom apartment in Unionville, Markham is $3,163 per month ($2.93/sqft) based on historical data spanning 4 closed transactions. Three-bedroom suites represent a scarce inventory segment in the submarket, with an average size of 1,086 square feet and a middle 50% rental range spanning from $3,075 to $3,238 per month. Over the trailing 30 days, 2 closed 3-bedroom transactions averaged $3,175 per month ($2.82/sqft).
What are the most affordable and premium condo and apartment buildings in Unionville?
Within Unionville, The Varley commands the highest average lease rate at approximately $3,467 per month ($4.80/sqft) across 3 tracked leases, while The Essential offers the most accessible entry point at around $2,279 per month ($3.47/sqft) across 6 closed leases.
How does rent in Unionville compare to the overall Markham average?
Unionville rents average $2,771 per month, which is higher than the overall Markham municipal average of $2,506 per month (a spread of $265 or 10.57%). Properties in Unionville spend an average of 30 days on the market—leasing 3 days slower than the broader Markham municipal benchmark of 27 days.
What are the postal code FSAs for Unionville?
Condo and apartment rentals in Unionville primarily fall within postal forward sortation areas (FSAs) such as L3R.
How fast do rental units lease in Unionville (Days on Market)?
Rental listings in Unionville spend an average of 30 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 3 days slower than the broader Markham municipal benchmark of 27 days.
How should landlords price their rental listings in Unionville to avoid vacancy loss?
With active listings averaging $3,160 per month against closed leases at $2,771 per month—an asking-to-realized spread of $389 per month—landlords in Unionville should align pricing with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket's 30-day average DOM.
How much more will a unit with a parking spot in Unionville rent for versus a unit without one?
A distinct parking premium cannot be isolated from current data because most tracked listings either bundle parking into the lease or sample variations in unit size obscure the standalone rate.
Are parking spaces, lockers, and utilities included in Unionville 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.
Explore Other Markham Submarkets
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