Don Valley North Apartments for Rent & Condo Comps

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 90 tracked properties across Don Valley North, North York.

Postal Codes Covered:M2H, M2J, M2K, M2M, M3A, M3C

Don Valley North Rental Market Overview

Rental market activity across Don Valley North in North York—concentrated within postal forwarding sectors M2H and M2J—reflects a balanced and actively trading environment as of late September 2026. Public market records show an average realized rent of $2,508 based on 229 closed leases executed over the trailing 30 days, operating alongside 234 active listings currently on the market. Landlords maintain an average asking rent of $2,641 across available suites, creating an asking-to-realized spread of $133 per month that offers moderate negotiation room for qualified applicants. Operating across 90 tracked residential developments, leasing performance in Don Valley North closely tracks wider municipal benchmarks, sitting at a minor 1.53% discount compared to the broader North York municipal average of $2,547. Transaction volume is led heavily by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed lease contracts.

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Analyze verified lease comps and active asking rates across 90 buildings in Don Valley North.

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Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Don Valley North

Active Listings
234units
Across 90 buildings
Average Asking Rent
$2,651/mo
0.0% Asking Trend
Average Unit Size
715SF
Asking layout average
Average Asking / SF
$3.87/SF
Current asking rate
Average Days on Market
25days
Active listing age

Closed Leases

Transactions that closed in September 2026 across Don Valley North

Units Leased
229closed
Executed transactions
Average Leased Rent
$2,508/mo
-1.7% MoM Delta
Average Leased SF
669SF
Executed size average
Average Leased / SF
$3.86/SF
Realized per-foot rate
Average Days on Market
24days
Days to execute lease

Don Valley North Rental Rates by Unit Layout

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

Studio / Bachelor
$1,886/mo
$4.73/SF · 399 SF
+$26 vs North York
1-Bedroom
$2,199/mo
$4.11/SF · 548 SF
+$14 vs North York
1-Bedroom + Den
$2,361/mo
$3.85/SF · 621 SF
-$37 vs North York
2-Bedroom
$2,839/mo
$3.61/SF · 800 SF
-$20 vs North York
2-Bedroom + Den
$3,017/mo
$3.57/SF · 865 SF
-$53 vs North York
3-Bedroom+
$3,817/mo
$3.44/SF · 1101 SF
-$106 vs North York

Don Valley North Tracked Buildings & Lease Comps

Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Don Valley North, North York.

Lotus

7 Kenaston Gdns

$2,372
avg leased
Leased $/SF: $3.85/SF
Days on Market: 31d
Closed Leases: 16
Active Supply: 5 units
238 Total SuitesBuilding Comps
Verde - Soul Condos IV

188 Fairview Mall Dr

$2,335
avg leased
Leased $/SF: $4.22/SF
Days on Market: 36d
Closed Leases: 13
Active Supply: 12 units
374 Total SuitesBuilding Comps
Alto at Atria

55 Ann O'Reilly Rd

$2,405
avg leased
Leased $/SF: $3.68/SF
Days on Market: 21d
Closed Leases: 11
Active Supply: 5 units
578 Total SuitesBuilding Comps
The Village Residences

591 Sheppard Ave E

$2,761
avg leased
Leased $/SF: $3.83/SF
Days on Market: 23d
Closed Leases: 9
Active Supply: 6 units
209 Total SuitesBuilding Comps
Tango

121 McMahon Dr

$2,383
avg leased
Leased $/SF: $3.64/SF
Days on Market: 23d
Closed Leases: 9
Active Supply: 4 units
428 Total SuitesBuilding Comps
Seasons II

85 McMahon Dr

$3,013
avg leased
Leased $/SF: $4.26/SF
Days on Market: 11d
Closed Leases: 8
Active Supply: 7 units
330 Total SuitesBuilding Comps
King's Landing

68 Esther Shiner Boulevard

$2,363
avg leased
Leased $/SF: $4.00/SF
Days on Market: 24d
Closed Leases: 8
Active Supply: 4 units
990 Total SuitesBuilding Comps
$2,214
avg leased
Leased $/SF: $4.05/SF
Days on Market: 17d
Closed Leases: 7
Active Supply: 11 units
402 Total SuitesBuilding Comps
Ultra at Heron's Hill

2015 Sheppard Ave E

$2,276
avg leased
Leased $/SF: $3.81/SF
Days on Market: 22d
Closed Leases: 7
Active Supply: 5 units
420 Total SuitesBuilding Comps
Omega on the Park

115 McMahon Dr

$2,480
avg leased
Leased $/SF: $4.03/SF
Days on Market: 17d
Closed Leases: 6
Active Supply: 7 units
390 Total SuitesBuilding Comps
Soul Condos - Phase 1

150 Fairview Mall Dr

$2,183
avg leased
Leased $/SF: $4.20/SF
Days on Market: 17d
Closed Leases: 6
Active Supply: 6 units
213 Total SuitesBuilding Comps
Opus

117 McMahon Dr

$2,342
avg leased
Leased $/SF: $4.03/SF
Days on Market: 21d
Closed Leases: 6
Active Supply: 4 units
350 Total SuitesBuilding Comps
King's Landing

18 Esther Shiner Boulevard

$3,213
avg leased
Leased $/SF: $4.25/SF
Days on Market: 18d
Closed Leases: 6
Active Supply: 2 units
990 Total SuitesBuilding Comps
Seasons I

95 McMahon Dr

$2,783
avg leased
Leased $/SF: $4.00/SF
Days on Market: 22d
Closed Leases: 6
Active Supply: 0 units
362 Total SuitesBuilding Comps
$2,466
avg leased
Leased $/SF: $4.06/SF
Days on Market: 26d
Closed Leases: 5
Active Supply: 7 units
263 Total SuitesBuilding Comps
The Residences at Central Park

29 Green Trail Court

$2,600
avg leased
Leased $/SF: $3.91/SF
Days on Market: 13d
Closed Leases: 5
Active Supply: 5 units
1478 Total SuitesBuilding Comps
Connect Condos - Soul II

128 Fairview Mall Dr

$2,369
avg leased
Leased $/SF: $4.22/SF
Days on Market: 25d
Closed Leases: 4
Active Supply: 9 units
209 Total SuitesBuilding Comps
$2,613
avg leased
Leased $/SF: $4.61/SF
Days on Market: 27d
Closed Leases: 4
Active Supply: 6 units
340 Total SuitesBuilding Comps
Vivo - Soul Condos III

180 Fairview Mall Dr

$2,313
avg leased
Leased $/SF: $4.09/SF
Days on Market: 24d
Closed Leases: 4
Active Supply: 6 units
207 Total SuitesBuilding Comps
The Peak at Emerald City

32 Forest Manor Rd

$2,625
avg leased
Leased $/SF: $3.94/SF
Days on Market: 23d
Closed Leases: 4
Active Supply: 5 units
372 Total SuitesBuilding Comps
$2,788
avg leased
Leased $/SF: $4.30/SF
Days on Market: 23d
Closed Leases: 4
Active Supply: 5 units
291 Total SuitesBuilding Comps
Scala

25 Adra Grado Way

$2,488
avg leased
Leased $/SF: $3.68/SF
Days on Market: 29d
Closed Leases: 4
Active Supply: 4 units
499 Total SuitesBuilding Comps
Emerald City Condominiums 2

66 Forest Manor Rd

$2,600
avg leased
Leased $/SF: $3.56/SF
Days on Market: 18d
Closed Leases: 4
Active Supply: 4 units
404 Total SuitesBuilding Comps
Emerald City Condominiums

70 Forest Manor Rd

$2,475
avg leased
Leased $/SF: $3.79/SF
Days on Market: 9d
Closed Leases: 4
Active Supply: 2 units
478 Total SuitesBuilding Comps
$2,313
avg leased
Leased $/SF: $3.46/SF
Days on Market: 26d
Closed Leases: 4
Active Supply: 2 units
338 Total SuitesBuilding Comps
$2,388
avg leased
Leased $/SF: $3.57/SF
Days on Market: 37d
Closed Leases: 4
Active Supply: 2 units
336 Total SuitesBuilding Comps
$1,988
avg leased
Leased $/SF: $3.61/SF
Days on Market: 18d
Closed Leases: 4
Active Supply: 2 units
255 Total SuitesBuilding Comps
$2,288
avg leased
Leased $/SF: $3.97/SF
Days on Market: 45d
Closed Leases: 4
Active Supply: 1 units
312 Total SuitesBuilding Comps
Arc Condominiums

2885 Bayview Ave

$2,200
avg leased
Leased $/SF: $3.99/SF
Days on Market: 22d
Closed Leases: 3
Active Supply: 5 units
447 Total SuitesBuilding Comps
$2,430
avg leased
Leased $/SF: $3.59/SF
Days on Market: 24d
Closed Leases: 3
Active Supply: 4 units
312 Total SuitesBuilding Comps
Lumina at Emerald City

36 Forest Manor Rd

$2,432
avg leased
Leased $/SF: $3.62/SF
Days on Market: 41d
Closed Leases: 3
Active Supply: 4 units
254 Total SuitesBuilding Comps
$2,117
avg leased
Leased $/SF: $3.82/SF
Days on Market: 25d
Closed Leases: 3
Active Supply: 4 units
245 Total SuitesBuilding Comps
Six99 Condos

699 Sheppard Ave E

$2,767
avg leased
Leased $/SF: $4.08/SF
Days on Market: 20d
Closed Leases: 3
Active Supply: 4 units
174 Total SuitesBuilding Comps
The Bennett on Bayview

3237 Bayview Ave

$2,666
avg leased
Leased $/SF: $3.41/SF
Days on Market: 27d
Closed Leases: 3
Active Supply: 4 units
151 Total SuitesBuilding Comps
Dreamtower at Emerald City

62 Forest Manor Rd

$2,583
avg leased
Leased $/SF: $3.62/SF
Days on Market: 23d
Closed Leases: 3
Active Supply: 2 units
316 Total SuitesBuilding Comps
Leslie Boutique Residences

2756 Old Leslie St

$2,167
avg leased
Leased $/SF: $3.85/SF
Days on Market: 17d
Closed Leases: 3
Active Supply: 2 units
182 Total SuitesBuilding Comps
King's Landing

75 Billes Heights

$3,517
avg leased
Leased $/SF: $3.87/SF
Days on Market: 47d
Closed Leases: 3
Active Supply: 0 units
990 Total SuitesBuilding Comps
$3,217
avg leased
Leased $/SF: $3.33/SF
Days on Market: 13d
Closed Leases: 3
Active Supply: 0 units
258 Total SuitesBuilding Comps
St. Gabriel Terraces

650 Sheppard Ave E

$2,350
avg leased
Leased $/SF: $4.05/SF
Days on Market: 22d
Closed Leases: 3
Active Supply: 0 units
169 Total SuitesBuilding Comps
NY Place

17 Kenaston Gdns

$2,150
avg leased
Leased $/SF: $3.74/SF
Days on Market: 32d
Closed Leases: 3
Active Supply: 0 units
135 Total SuitesBuilding Comps
Graydon Hall Apartments

150 Graydon Hall Drive

$2,213
avg leased
Leased $/SF: $2.78/SF
Days on Market: 76d
Closed Leases: 2
Active Supply: 12 units
286 Total SuitesBuilding Comps
625 Sheppard

6 Greenbriar Rd

$2,100
avg leased
Leased $/SF: $4.38/SF
Days on Market: 4d
Closed Leases: 2
Active Supply: 6 units
238 Total SuitesBuilding Comps
Trio at Atria

50 Ann O'Reilly Rd

$2,175
avg leased
Leased $/SF: $3.87/SF
Days on Market: 34d
Closed Leases: 2
Active Supply: 4 units
339 Total SuitesBuilding Comps
Empire at NY Towers

17 Barberry Pl

$2,600
avg leased
Leased $/SF: $3.74/SF
Days on Market: 75d
Closed Leases: 2
Active Supply: 2 units
399 Total SuitesBuilding Comps
The Point at Emerald City

38 Forest Manor Rd

$2,400
avg leased
Leased $/SF: $4.23/SF
Days on Market: 6d
Closed Leases: 2
Active Supply: 2 units
279 Total SuitesBuilding Comps
$2,775
avg leased
Leased $/SF: $4.48/SF
Days on Market: 6d
Closed Leases: 2
Active Supply: 2 units
175 Total SuitesBuilding Comps
NY2

18 Rean Dr

$2,525
avg leased
Leased $/SF: $3.76/SF
Days on Market: 27d
Closed Leases: 2
Active Supply: 2 units
140 Total SuitesBuilding Comps
Parfait at Atria

60 Ann O'Reilly Rd

$2,600
avg leased
Leased $/SF: $3.72/SF
Days on Market: 24d
Closed Leases: 2
Active Supply: 1 units
235 Total SuitesBuilding Comps
$2,975
avg leased
Leased $/SF: $2.51/SF
Days on Market: 4d
Closed Leases: 2
Active Supply: 1 units
230 Total SuitesBuilding Comps
$3,500
avg leased
Leased $/SF: $3.10/SF
Days on Market: 16d
Closed Leases: 2
Active Supply: 1 units
75 Total SuitesBuilding Comps
Aria Condominiums I

10 Bloorview Pl

$2,750
avg leased
Leased $/SF: $3.50/SF
Days on Market: 29d
Closed Leases: 2
Active Supply: 0 units
297 Total SuitesBuilding Comps
20 Forest Manor Condos

20 Forest Manor Road

$2,100
avg leased
Leased $/SF: $2.63/SF
Days on Market: 54d
Closed Leases: 2
Active Supply: 0 units
190 Total SuitesBuilding Comps
The Chelsea

19 Barberry Pl

$2,438
avg leased
Leased $/SF: $3.50/SF
Days on Market: 20d
Closed Leases: 2
Active Supply: 0 units
128 Total SuitesBuilding Comps
Vida Condos

621 Sheppard Ave E

$2,650
avg leased
Leased $/SF: $4.08/SF
Days on Market: 5d
Closed Leases: 1
Active Supply: 7 units
205 Total SuitesBuilding Comps
Glen Valley

715 Don Mills Road

$2,450
avg leased
Leased $/SF: $2.58/SF
Days on Market: 30d
Closed Leases: 1
Active Supply: 3 units
606 Total SuitesBuilding Comps
260-350 Seneca Hill Condos

260-350 Seneca Hill Drive

$2,800
avg leased
Leased $/SF: $3.29/SF
Days on Market: 17d
Closed Leases: 1
Active Supply: 2 units
705 Total SuitesBuilding Comps
Tango 2

72 Esther Shiner Blvd

$2,180
avg leased
Leased $/SF: $3.96/SF
Days on Market: 77d
Closed Leases: 1
Active Supply: 2 units
257 Total SuitesBuilding Comps
Highpoint

3300 Don Mills Rd

$2,900
avg leased
Leased $/SF: $2.64/SF
Days on Market: 27d
Closed Leases: 1
Active Supply: 2 units
244 Total SuitesBuilding Comps
$2,700
avg leased
Leased $/SF: $4.50/SF
Days on Market: 5d
Closed Leases: 1
Active Supply: 1 units
336 Total SuitesBuilding Comps
Rockefeller on Bayview

18 Kenaston Gdns

$2,550
avg leased
Leased $/SF: $3.77/SF
Days on Market: 31d
Closed Leases: 1
Active Supply: 1 units
231 Total SuitesBuilding Comps
The Crossroads

1900 Sheppard Avenue E

$2,850
avg leased
Leased $/SF: $3.00/SF
Days on Market: 22d
Closed Leases: 1
Active Supply: 1 units
217 Total SuitesBuilding Comps
$2,700
avg leased
Leased $/SF: $3.38/SF
Days on Market: 82d
Closed Leases: 1
Active Supply: 1 units
27 Total SuitesBuilding Comps
Skymark I

3303 Don Mills Rd

$3,300
avg leased
Leased $/SF: $2.20/SF
Days on Market: 26d
Closed Leases: 1
Active Supply: 0 units
276 Total SuitesBuilding Comps
$2,500
avg leased
Leased $/SF: $3.59/SF
Days on Market: 12d
Closed Leases: 1
Active Supply: 0 units
271 Total SuitesBuilding Comps
Skymark II

1555 Finch Ave E

$2,499
avg leased
Leased $/SF: $2.94/SF
Days on Market: 59d
Closed Leases: 1
Active Supply: 0 units
264 Total SuitesBuilding Comps
Crossroads

10 Muirhead Road

$2,900
avg leased
Leased $/SF: $2.64/SF
Days on Market: 8d
Closed Leases: 1
Active Supply: 0 units
218 Total SuitesBuilding Comps
Palace Gate

3181 Bayview Ave

$3,700
avg leased
Leased $/SF: $2.85/SF
Days on Market: 10d
Closed Leases: 1
Active Supply: 0 units
169 Total SuitesBuilding Comps
$2,450
avg leased
Leased $/SF: $3.27/SF
Days on Market: 24d
Closed Leases: 1
Active Supply: 0 units
159 Total SuitesBuilding Comps
St. Gabriel Village II

662 Sheppard Ave E

$8,250
avg leased
Leased $/SF: $3.81/SF
Days on Market: 58d
Closed Leases: 1
Active Supply: 0 units
152 Total SuitesBuilding Comps
$2,350
avg leased
Leased $/SF: $3.62/SF
Days on Market: 22d
Closed Leases: 1
Active Supply: 0 units
143 Total SuitesBuilding Comps
St. Gabriel Manor

676 Sheppard Ave E

$2,580
avg leased
Leased $/SF: $3.44/SF
Days on Market: 9d
Closed Leases: 1
Active Supply: 0 units
96 Total SuitesBuilding Comps
$1,900
avg leased
Leased $/SF: $3.45/SF
Days on Market: 2d
Closed Leases: 1
Active Supply: 0 units
75 Total SuitesBuilding Comps
Willow Park at Bayview

17 Ruddington Dr

$2,750
avg leased
Leased $/SF: $3.24/SF
Days on Market: 56d
Closed Leases: 1
Active Supply: 0 units
75 Total SuitesBuilding Comps
Bayview Sheppard Manors

9 Greenbriar Road

$2,850
avg leased
Leased $/SF: $2.70/SF
Days on Market: 108d
Closed Leases: 1
Active Supply: 0 units
24 Total SuitesBuilding Comps
10 Parkway Forest Drive Condos

10 Parkway Forest Drive

$3,300
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 3 units
192 Total SuitesBuilding Comps
$2,625
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 2 units
705 Total SuitesBuilding Comps
Gates Of Bayview

4001 Bayview Avenue

$2,300
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 2 units
640 Total SuitesBuilding Comps
5 Parkway Forest

5 Parkway Forest Dr

$2,490
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 2 units
300 Total SuitesBuilding Comps
Watergarden Condominiums

1 Watergarden Way

$7,000
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 2 units
40 Total SuitesBuilding Comps
Aria Condominiums II

20 Bloorview Pl

$3,100
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
250 Total SuitesBuilding Comps
Bayview at the Village

625 Sheppard Avenue E

$1,850
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
238 Total SuitesBuilding Comps
70 Old Sheppard Condos

70 Old Sheppard Avenue

$2,750
avg asking
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 1 units
50 Total SuitesBuilding Comps
Parkside Square

325 Yorkland Boulevard

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
1100 Total SuitesBuilding Comps
Bonneville Towers

35 Esterbrooke Avenue

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

65 Skymark Dr

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
201 Total SuitesBuilding Comps
Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
195 Total SuitesBuilding Comps
Attache North

185 Shaughnessy Boulevard

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
180 Total SuitesBuilding Comps
2960 Don Mills Road

2960 Don Mills Road

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
171 Total SuitesBuilding Comps
St. Gabriel Village I

660 Sheppard Ave E

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
101 Total SuitesBuilding Comps
Godstone Manor

55 Godstone Road

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

Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Don Valley North.

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.

Don Valley North Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Don Valley North

Rental market activity across Don Valley North in North York—concentrated within postal forwarding sectors M2H and M2J—reflects a balanced and actively trading environment as of late September 2026. Public market records show an average realized rent of $2,508 based on 229 closed leases executed over the trailing 30 days, operating alongside 234 active listings currently on the market. Landlords maintain an average asking rent of $2,641 across available suites, creating an asking-to-realized spread of $133 per month that offers moderate negotiation room for qualified applicants. Operating across 90 tracked residential developments, leasing performance in Don Valley North closely tracks wider municipal benchmarks, sitting at a minor 1.53% discount compared to the broader North York municipal average of $2,547. Transaction volume is led heavily by 1-bedroom and 1-bedroom plus den layouts, which account for the majority of executed lease contracts.

Submarket Pricing Density & Municipal Benchmark Spread

The realized average lease rate in Don Valley North is currently $2,508/month ($3.86/SF), with an average leasing velocity of 24 Days on Market. Compared to the overall North York municipal benchmark ($2,546/month), Don Valley North trades at a 1% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Legacy at Heron's Hill - Podium ($1,900/mo) to St. Gabriel Village II ($8,250/mo).

Month Over Month Trends

Month-over-month pricing in Don Valley North adjusted downward by $44, representing a 1.72% change from the prior 30-day average of $2,552 down to $2,508 per month. This short-term downward adjustment aligns with a shift in transaction volume from the prior 30-day period—which recorded 357 closed leases—to 229 closed transactions in the current window. Variations in closed monthly averages reflect natural leasing cycle shifts and a minor recalibration in larger suite mix rather than systemic structural declines in underlying per-square-foot rental value, which remained stable at $3.86.

Longer Term Trends & Rental Dispersion

Long-term baseline metrics spanning 1,634 historical transactions indicate robust price stability, with an all-time average lease price of $2,500 at $3.87 per square foot. Market dispersion analysis reveals a well-defined price distribution: the overall median rent sits at $2,400 per month, flanked by a 25th percentile entry threshold ($p25) of $2,200 and a 75th percentile upper threshold ($p75) of $2,800. This creates an interquartile range (IQR) of $600 for the middle 50% of the market. Across the broader spectrum, recorded transactions range from a minimum entry point of $1,595 up to executive luxury peaks of $8,250 per month.

Currently across Don Valley North's 90 tracked multi-family properties, there are 234 active rental listings with an average asking rent of $2,651/month ($3.87/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,508/month, representing real-world contract values negotiated between property owners and prospective tenants.

For Renters

Prospective renters searching in Don Valley North can expect standard market conditions where most mid-tier suites lease within the interquartile range of $2,200 to $2,800 per month. Stepping up from a standard 1-bedroom suite (averaging $2,125 across 180 days) to a 2-bedroom configuration requires an average monthly rent step-up of $705 (a 33.18% increase) while gaining 285 square feet of living space. Moving further to a 3-bedroom layout adds an additional $1,011 per month. With properties averaging 24 days on the market, applicants should prepare required documentation—including proof of income and credit reports—in advance to secure available suites swiftly. Renters should also verify whether parking is bundled into asking rates, as unbundled parking structures can carry additional monthly premiums.

For Landlords

Landlords and condo investors operating in Don Valley North must account for the $133 spread between average asking rents ($2,641) and realized lease contracts ($2,508). Overpricing inventory significantly above the 75th percentile threshold of $2,800 risks extending vacancy timelines beyond the submarket average of 24 days. To maintain competitive absorption—currently supported by a 49.5% absorption rate—owners should align list prices with verified closed lease benchmarks for their specific building and bedroom tier. Properties packaged with clear unbundled parking details or functional den layouts tend to lease within standard market velocity windows without requiring aggressive rent concessions.

For Realtors

Real estate professionals representing clients in Don Valley North navigate a liquid submarket anchored by 90 tracked multi-residential developments across postal codes M2H and M2J. With 234 active listings and 229 closed leases over the trailing 30 days, market liquidity remains balanced. Agents should advise landlord clients to closely monitor the asking-to-realized spread to prevent stale listing periods. For tenant clients, leverage exists primarily against overpriced active inventory, allowing buyers' and renters' agents to negotiate effectively within the $2,200 to $2,800 median price band where the bulk of regional lease volume executes.

Frequently Asked Questions

Don Valley North Rental Market & Leasing FAQs

Essential insights for tenants, property owners, and real estate professionals navigating Don Valley North, North York

What is the average rent for a condominium or apartment in Don Valley North, North York?

Don Valley North's average realized lease price is $2,508 per month ($3.86/sqft), based on 229 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market leases between $2,200 and $2,800 per month, positioning local rates closely in line with the broader North York municipal benchmark of $2,547.

How much is a 1-bedroom apartment in Don Valley North?

The average rent for a 1-bedroom apartment in Don Valley North, North York is $2,125 per month ($4.25/sqft) based on 180-day data, while 1-bedroom plus den suites average $2,328 per month ($3.75/sqft). Most 1-bedroom units lease between $2,000 (25th percentile) and $2,250 (75th percentile) per month, with an average size of 512 square feet.

How much is a 2-bedroom apartment in Don Valley North?

The average rent for a 2-bedroom apartment in Don Valley North, North York is $2,830 per month ($3.60/sqft) based on 180-day data, while 2-bedroom plus den suites average $3,034 per month ($3.54/sqft). Most standard 2-bedroom units lease between $2,700 and $3,000 per month across a median size of 797 square feet, representing a $705 price step-up from standard 1-bedroom layouts.

How much is a 3-bedroom apartment in Don Valley North?

The average rent for a 3-bedroom apartment in Don Valley North, North York is $3,841 per month ($3.86/sqft), based on 180-day data across 74 closed transactions. Three-bedroom suites represent a scarcer inventory segment with an average size of 1,066 square feet and a middle 50% price range spanning from $3,525 to $4,188 per month.

What are the most affordable and premium condo and apartment buildings in Don Valley North?

Within Don Valley North, St. Gabriel Village II commands the highest average lease rate at approximately $8,250 per month, while entry-level private transactions across tracked submarket inventory start around $1,595 per month, with individual buildings such as Bayview at the Village recording verified baseline leases near $1,980 per month.

How does rent in Don Valley North compare to the overall North York average?

Don Valley North rents average $2,508 per month, which is lower than the overall North York municipal average of $2,547 per month (a spread of $39 or -1.53%). Properties in Don Valley North spend an average of 24 days on the market, matching the broader North York municipal benchmark of 24 days.

What are the postal code FSAs for Don Valley North?

Condo and apartment rentals in Don Valley North primarily fall within postal forward sortation areas (FSAs) such as M2H and M2J.

How fast do rental units lease in Don Valley North (Days on Market)?

Rental listings in Don Valley North spend an average of 24 days on the market before leasing, based on 30-day tracking through September 30, 2026—matching the broader North York municipal benchmark of 24 days.

How should landlords price their rental listings in Don Valley North to avoid vacancy loss?

With active listings averaging $2,641 against closed leases at $2,508—an asking-to-realized spread of $133 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy durations from exceeding the 24-day submarket average.

How much more will a unit with a parking spot in Don Valley North rent for versus a unit without one?

Reserved parking in Don Valley North adds an estimated $217 to $268 per month to 2-bedroom and 1-bedroom rental rates, respectively, based on verified unbundled lease comps.

Are parking spaces, lockers, and utilities included in Don Valley North 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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