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

Based on lease transactions tracked by FastScreen in August 2026 across 39 tracked condominium and apartment buildings in Downsview, realized rents by unit layout average: • Studio / Bachelor: $1,648/month ($3.58/SF · 460 SF) · -$102 (-5.8%) vs North York avg • 1-Bedroom: $2,090/month ($3.91/SF · 642 SF) · -$20 (-0.9%) vs North York avg • 1-Bedroom + Den: $2,279/month ($3.70/SF · 617 SF) · -$11 (-0.5%) vs North York avg • 2-Bedroom: $2,564/month ($3.81/SF · 698 SF) · -$266 (-9.4%) vs North York avg • 2-Bedroom + Den: $2,888/month ($3.28/SF · 888 SF) · -$200 (-6.5%) vs North York avg • 3-Bedroom+: $3,017/month ($3.87/SF · 783 SF) · -$843 (-21.8%) vs North York avg Overall market leasing across all unit layouts averaged $2,423/month ($3.76/SF), with an average of 25 Days on Market. Active rental listings currently average $2,454/month ($3.77/SF) for an average unit size of 673 SF.

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

In Downsview, Portrait Condominiums represents a top-tier premium building with an average lease rate of $3,000/month ($2.73/SF). Conversely, Westmount Condominiums offers more accessible pricing, averaging $1,950/month ($3.59/SF). Pricing varies based on building vintage, interior finishes, suite square footage, and amenity offerings.

What are the postal code FSAs for Downsview?

FastScreen tracks verified condominium and apartment listings and closed lease transactions across Downsview's primary postal code Forward Sortation Areas (FSAs): M3H, M3J, M3K, M3M, M6A. These postal districts encompass 39 tracked multi-family properties throughout North York.

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

The average Days on Market (DOM) for realized leases in Downsview is 25 days. Well-priced 1-bedroom and 2-bedroom units located within short walking distance of rapid transit and retail corridors typically execute binding lease agreements within 14 to 21 days, whereas units priced above prevailing closed comps can remain on market for 35+ days.

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

Landlords in Downsview should benchmark initial asking rents against verified 30-day closed lease comps rather than peak active listings. At an average rent of $2,423/month, each day of vacancy costs $81 in lost gross revenue. Overpricing a suite by $100/month and sitting vacant for 30 additional days costs $2,423, which takes 24 months of collecting that higher rent just to break even.

What key features should landlords and realtors highlight when marketing a Downsview rental property?

When marketing a condominium or apartment rental in Downsview, realtors and landlords should emphasize: (1) Immediate walking proximity to rapid transit (subway, GO stations, LRT, or express bus hubs); (2) Dedicated underground parking stalls and storage lockers, which command substantial tenant demand; (3) Functional work-from-home layouts, such as enclosed dens or solariums; (4) High-value building amenities including 24/7 concierge, state-of-the-art fitness centres, and guest suites; and (5) Specific utility inclusions (e.g. heating, water, or high-speed internet).

North York Submarket Hub

Downsview Rental Comps & Market Trends

Name: Downsview, North York Rental Market Intelligence & Lease Benchmark Dataset
Creator: FastScreen

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 39 tracked properties across Downsview, North York.

Postal Codes Covered:M3H, M3J, M3K, M3M, M6A

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Downsview

Active Listings

49units

Across 39 buildings

Average Asking Rent

$2,454/mo

+1.2% Asking Trend

Average Unit Size

673SF

Asking layout average

Average Asking / SF

$3.77/SF

Current asking rate

Average Days on Market

29days

Active listing age

Closed Leases

Transactions that closed in August 2026 across Downsview

Units Leased

72closed

Executed transactions

Average Leased Rent

$2,423/mo

+1.3% MoM Delta

Average Leased SF

675SF

Executed size average

Average Leased / SF

$3.76/SF

Realized per-foot rate

Average Days on Market

25days

Days to execute lease

Downsview Rental Rates by Unit Layout

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

Studio / Bachelor

$1,648/mo

$3.58/SF · 460 SF

-$102 vs North York

1-Bedroom

$2,090/mo

$3.91/SF · 642 SF

-$20 vs North York

1-Bedroom + Den

$2,279/mo

$3.70/SF · 617 SF

-$11 vs North York

2-Bedroom

$2,564/mo

$3.81/SF · 698 SF

-$266 vs North York

2-Bedroom + Den

$2,888/mo

$3.28/SF · 888 SF

-$200 vs North York

3-Bedroom+

$3,017/mo

$3.87/SF · 783 SF

-$843 vs North York

Downsview Tracked Buildings & Lease Comps

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

							Action
WestLine 1100 Sheppard Ave W	$2,367/mo	$3.80/SF	13leases	25days	8units	424suites	Comps
Ion 15 James Finlay Way	$2,264/mo	$3.72/SF	7leases	24days	0units	200suites	Comps
The Keeley 3100 Keele Street / 11-15 Maryport Avenue	$2,300/mo	$3.62/SF	6leases	24days	4units	363suites	Comps
Express Condos 8 Tippett Rd	$2,275/mo	$3.89/SF	6leases	24days	2units	264suites	Comps
Saturday in Downsview Park 50 George Butchart Dr	$2,550/mo	$3.77/SF	6leases	26days	1unit	251suites	Comps
Nordic 500 Wilson Ave	$2,380/mo	$4.06/SF	5leases	30days	6units	429suites	Comps
Southside Residences at Gramercy Park 31 Tippett Rd	$2,310/mo	$3.81/SF	5leases	19days	2units	489suites	Comps
Rocket at Subway 38 Monte Kwinter Crt	$2,318/mo	$4.21/SF	4leases	21days	0units	291suites	Comps
Westmount Boutique Residences 700 Sheppard Ave W	$2,893/mo	$3.42/SF	3leases	34days	2units	131suites	Comps
Parkside Towers at Metro Place (M4) 1 De Boers Dr	$2,483/mo	$3.19/SF	3leases	28days	0units	229suites	Comps
Avro 10 De Boers Dr	$2,377/mo	$4.29/SF	3leases	42days	0units	180suites	Comps
Tretti 30 Tretti Way	$2,700/mo	$4.18/SF	2leases	40days	5units	340suites	Comps
Gramercy Park 525 Wilson Ave	$2,600/mo	$3.37/SF	2leases	3days	2units	511suites	Comps
The Station 555-565 Wilson Ave	$2,525/mo	$3.08/SF	2leases	19days	2units	388suites	Comps
The 2800 Condominium Residences 2800 Keele St	$2,300/mo	$3.54/SF	2leases	17days	2units	216suites	Comps
Westmount Condominiums 2737 Keele St	$1,950/mo	$3.59/SF	2leases	17days	0units	247suites	Comps
Plaza Royale 872 Sheppard Ave W	$2,725/mo	$3.41/SF	2leases	30days	0units	118suites	Comps
Town Plaza 935 Sheppard Ave W	$2,750/mo	$3.24/SF	2leases	17days	0units	105suites	Comps
Acclaim 801 Sheppard Ave W	$2,425/mo	$3.25/SF	2leases	23days	0units	61suites	Comps
Metropolis at Metro Place (M3) 1060 Sheppard Ave W	$2,350/mo	$3.62/SF	1lease	34days	4units	302suites	Comps
Portrait Condominiums 701 Sheppard Ave W	$3,000/mo	$2.73/SF	1lease	24days	2units	197suites	Comps
M2 at Metro Place 1070 Sheppard Ave W	$2,200/mo	$5.50/SF	1lease	20days	1unit	269suites	Comps
Saturday in Downsview Park II 60 George Butchart Dr	$2,200/mo	$3.38/SF	1lease	18days	1unit	170suites	Comps
The Avanti 760 Sheppard Ave W	$2,600/mo	$3.06/SF	1lease	12days	1unit	118suites	Comps
M1 at Metro Place 55 De Boers Dr	$2,300/mo	$3.54/SF	1lease	13days	0units	198suites	Comps
The Max 2772 Keele St	$2,800/mo	$3.29/SF	1lease	37days	0units	140suites	Comps
Diva 741 Sheppard Ave W	$2,100/mo	$3.82/SF	1lease	31days	0units	105suites	Comps
Park Place 4200 Bathurst St	$2,400/mo	$3.20/SF	1lease	47days	0units	92suites	Comps
Hampton Plaza 920 Sheppard Ave W	$2,800/mo	$2.55/SF	1lease	3days	0units	89suites	Comps
Terrace Heights II 555 Wilson Heights Blvd	$2,000/mo	$5.00/SF	1lease	10days	0units	24suites	Comps
Park Plaza 1030 Sheppard Ave W	$3,295(ask)	$3.54 (ask)	0leases	—	1unit	132suites	Comps
Ashlea Terrace 800 Sheppard Ave W	$3,100(ask)	$2.82 (ask)	0leases	—	1unit	56suites	Comps
Terrace Heights I 897 Sheppard Ave W	$2,600(ask)	$3.06 (ask)	0leases	—	1unit	56suites	Comps
Residences on Sheppard 778 Sheppard Ave W	$2,400(ask)	$2.82 (ask)	0leases	—	1unit	42suites	Comps
Viva Condominiums I 3830 Bathurst St	—	—	0leases	—	0units	108suites	Comps
Viva Condominiums II 3840 Bathurst St	—	—	0leases	—	0units	105suites	Comps
The Plaza Suites IV 890 Sheppard Ave W	—	—	0leases	—	0units	97suites	Comps
Terrace Heights III 906 Sheppard Ave W	—	—	0leases	—	0units	72suites	Comps
10 Wasdale Crescent 10 Wasdale Crescent	—	—	0leases	—	0units	—	Comps

WestLine

1100 Sheppard Ave W

$2,367

avg leased

Leased $/SF: $3.80/SF

Days on Market: 25d

Closed Leases: 13

Active Supply: 8 units

424 Total SuitesBuilding Comps

Ion

15 James Finlay Way

$2,264

avg leased

Leased $/SF: $3.72/SF

Days on Market: 24d

Closed Leases: 7

Active Supply: 0 units

200 Total SuitesBuilding Comps

The Keeley

3100 Keele Street / 11-15 Maryport Avenue

$2,300

avg leased

Leased $/SF: $3.62/SF

Days on Market: 24d

Closed Leases: 6

Active Supply: 4 units

363 Total SuitesBuilding Comps

Express Condos

8 Tippett Rd

$2,275

avg leased

Leased $/SF: $3.89/SF

Days on Market: 24d

Closed Leases: 6

Active Supply: 2 units

264 Total SuitesBuilding Comps

Saturday in Downsview Park

50 George Butchart Dr

$2,550

avg leased

Leased $/SF: $3.77/SF

Days on Market: 26d

Closed Leases: 6

Active Supply: 1 units

251 Total SuitesBuilding Comps

Nordic

500 Wilson Ave

$2,380

avg leased

Leased $/SF: $4.06/SF

Days on Market: 30d

Closed Leases: 5

Active Supply: 6 units

429 Total SuitesBuilding Comps

Southside Residences at Gramercy Park

31 Tippett Rd

$2,310

avg leased

Leased $/SF: $3.81/SF

Days on Market: 19d

Closed Leases: 5

Active Supply: 2 units

489 Total SuitesBuilding Comps

Rocket at Subway

38 Monte Kwinter Crt

$2,318

avg leased

Leased $/SF: $4.21/SF

Days on Market: 21d

Closed Leases: 4

Active Supply: 0 units

291 Total SuitesBuilding Comps

Westmount Boutique Residences

700 Sheppard Ave W

$2,893

avg leased

Leased $/SF: $3.42/SF

Days on Market: 34d

Closed Leases: 3

Active Supply: 2 units

131 Total SuitesBuilding Comps

Parkside Towers at Metro Place (M4)

1 De Boers Dr

$2,483

avg leased

Leased $/SF: $3.19/SF

Days on Market: 28d

Closed Leases: 3

Active Supply: 0 units

229 Total SuitesBuilding Comps

Avro

10 De Boers Dr

$2,377

avg leased

Leased $/SF: $4.29/SF

Days on Market: 42d

Closed Leases: 3

Active Supply: 0 units

180 Total SuitesBuilding Comps

Tretti

30 Tretti Way

$2,700

avg leased

Leased $/SF: $4.18/SF

Days on Market: 40d

Closed Leases: 2

Active Supply: 5 units

340 Total SuitesBuilding Comps

Gramercy Park

525 Wilson Ave

$2,600

avg leased

Leased $/SF: $3.37/SF

Days on Market: 3d

Closed Leases: 2

Active Supply: 2 units

511 Total SuitesBuilding Comps

The Station

555-565 Wilson Ave

$2,525

avg leased

Leased $/SF: $3.08/SF

Days on Market: 19d

Closed Leases: 2

Active Supply: 2 units

388 Total SuitesBuilding Comps

The 2800 Condominium Residences

2800 Keele St

$2,300

avg leased

Leased $/SF: $3.54/SF

Days on Market: 17d

Closed Leases: 2

Active Supply: 2 units

216 Total SuitesBuilding Comps

Westmount Condominiums

2737 Keele St

$1,950

avg leased

Leased $/SF: $3.59/SF

Days on Market: 17d

Closed Leases: 2

Active Supply: 0 units

247 Total SuitesBuilding Comps

Plaza Royale

872 Sheppard Ave W

$2,725

avg leased

Leased $/SF: $3.41/SF

Days on Market: 30d

Closed Leases: 2

Active Supply: 0 units

118 Total SuitesBuilding Comps

Town Plaza

935 Sheppard Ave W

$2,750

avg leased

Leased $/SF: $3.24/SF

Days on Market: 17d

Closed Leases: 2

Active Supply: 0 units

105 Total SuitesBuilding Comps

Acclaim

801 Sheppard Ave W

$2,425

avg leased

Leased $/SF: $3.25/SF

Days on Market: 23d

Closed Leases: 2

Active Supply: 0 units

61 Total SuitesBuilding Comps

Metropolis at Metro Place (M3)

1060 Sheppard Ave W

$2,350

avg leased

Leased $/SF: $3.62/SF

Days on Market: 34d

Closed Leases: 1

Active Supply: 4 units

302 Total SuitesBuilding Comps

Portrait Condominiums

701 Sheppard Ave W

$3,000

avg leased

Leased $/SF: $2.73/SF

Days on Market: 24d

Closed Leases: 1

Active Supply: 2 units

197 Total SuitesBuilding Comps

M2 at Metro Place

1070 Sheppard Ave W

$2,200

avg leased

Leased $/SF: $5.50/SF

Days on Market: 20d

Closed Leases: 1

Active Supply: 1 units

269 Total SuitesBuilding Comps

Saturday in Downsview Park II

60 George Butchart Dr

$2,200

avg leased

Leased $/SF: $3.38/SF

Days on Market: 18d

Closed Leases: 1

Active Supply: 1 units

170 Total SuitesBuilding Comps

The Avanti

760 Sheppard Ave W

$2,600

avg leased

Leased $/SF: $3.06/SF

Days on Market: 12d

Closed Leases: 1

Active Supply: 1 units

118 Total SuitesBuilding Comps

M1 at Metro Place

55 De Boers Dr

$2,300

avg leased

Leased $/SF: $3.54/SF

Days on Market: 13d

Closed Leases: 1

Active Supply: 0 units

198 Total SuitesBuilding Comps

The Max

2772 Keele St

$2,800

avg leased

Leased $/SF: $3.29/SF

Days on Market: 37d

Closed Leases: 1

Active Supply: 0 units

140 Total SuitesBuilding Comps

Diva

741 Sheppard Ave W

$2,100

avg leased

Leased $/SF: $3.82/SF

Days on Market: 31d

Closed Leases: 1

Active Supply: 0 units

105 Total SuitesBuilding Comps

Park Place

4200 Bathurst St

$2,400

avg leased

Leased $/SF: $3.20/SF

Days on Market: 47d

Closed Leases: 1

Active Supply: 0 units

92 Total SuitesBuilding Comps

Hampton Plaza

920 Sheppard Ave W

$2,800

avg leased

Leased $/SF: $2.55/SF

Days on Market: 3d

Closed Leases: 1

Active Supply: 0 units

89 Total SuitesBuilding Comps

Terrace Heights II

555 Wilson Heights Blvd

$2,000

avg leased

Leased $/SF: $5.00/SF

Days on Market: 10d

Closed Leases: 1

Active Supply: 0 units

24 Total SuitesBuilding Comps

Park Plaza

1030 Sheppard Ave W

$3,295

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

132 Total SuitesBuilding Comps

Ashlea Terrace

800 Sheppard Ave W

$3,100

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

56 Total SuitesBuilding Comps

Terrace Heights I

897 Sheppard Ave W

$2,600

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

56 Total SuitesBuilding Comps

Residences on Sheppard

778 Sheppard Ave W

$2,400

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

42 Total SuitesBuilding Comps

Viva Condominiums I

3830 Bathurst St

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

108 Total SuitesBuilding Comps

Viva Condominiums II

3840 Bathurst St

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

105 Total SuitesBuilding Comps

The Plaza Suites IV

890 Sheppard Ave W

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

97 Total SuitesBuilding Comps

Terrace Heights III

906 Sheppard Ave W

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

72 Total SuitesBuilding Comps

10 Wasdale Crescent

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 Downsview.

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.

Downsview Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Downsview

Downsview is an established residential submarket within North York, comprising 39 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.

Transportation throughout Downsview is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across North York and the wider Greater Toronto Area.

The residential inventory in Downsview features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.

Submarket Pricing Density & Municipal Benchmark Spread

The realized average lease rate in Downsview is currently $2,423/month ($3.76/SF), with an average leasing velocity of 25 Days on Market. Compared to the overall North York municipal benchmark ($2,573/month), Downsview trades at a 6% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Westmount Condominiums ($1,950/mo) to Portrait Condominiums ($3,000/mo).

Currently across Downsview's 39 tracked multi-family properties, there are 49 active rental listings with an average asking rent of $2,454/month ($3.77/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,423/month, representing real-world contract values negotiated between property owners and prospective tenants.

For Renters

Evaluate both verified closed lease comps and active asking prices across Downsview to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 25 days on market, prepare pre-verified credit reports, proof of employment, and deposit drafts prior to viewings. Check building construction completion dates to confirm Ontario rent control guideline applicability.

For Landlords

Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income. At an average rent of $2,423/mo, each day of vacancy costs $81/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.

For Realtors

Review building-level historical lease velocity and $/SF trends in Downsview to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Downsview's 39 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.

Frequently Asked Questions

Downsview Rental Market & Leasing FAQs

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

Based on lease transactions tracked by FastScreen in August 2026 across 39 tracked condominium and apartment buildings in Downsview, realized rents by unit layout average:

Studio / Bachelor:$1,648/mo($3.58/SF · 460 SF)
-$102 vs North York avg
1-Bedroom:$2,090/mo($3.91/SF · 642 SF)
-$20 vs North York avg
1-Bedroom + Den:$2,279/mo($3.70/SF · 617 SF)
-$11 vs North York avg
2-Bedroom:$2,564/mo($3.81/SF · 698 SF)
-$266 vs North York avg
2-Bedroom + Den:$2,888/mo($3.28/SF · 888 SF)
-$200 vs North York avg
3-Bedroom+:$3,017/mo($3.87/SF · 783 SF)
-$843 vs North York avg

Overall market leasing across all unit layouts averaged $2,423/month ($3.76/SF) with an average of 25 Days on Market. Active rental listings currently average $2,454/month ($3.77/SF) for an average unit size of 673 SF.