What is the average rent for a condominium or apartment in Scarborough City Centre, Scarborough?

Based on lease transactions tracked by FastScreen in August 2026 across 26 tracked condominium and apartment buildings in Scarborough City Centre, realized rents by unit layout average: • Studio / Bachelor: $1,950/month ($4.88/SF · 400 SF) · +$291 (+17.5%) vs Scarborough avg • 1-Bedroom: $2,119/month ($3.88/SF · 558 SF) · +$118 (+5.9%) vs Scarborough avg • 1-Bedroom + Den: $2,278/month ($3.52/SF · 650 SF) · +$106 (+4.9%) vs Scarborough avg • 2-Bedroom: $2,581/month ($3.13/SF · 842 SF) · -$103 (-3.8%) vs Scarborough avg • 2-Bedroom + Den: $2,854/month ($3.51/SF · 891 SF) · -$74 (-2.5%) vs Scarborough avg • 3-Bedroom+: $3,207/month ($3.21/SF · 1007 SF) · -$453 (-12.4%) vs Scarborough avg Overall market leasing across all unit layouts averaged $2,444/month ($3.50/SF), with an average of 30 Days on Market. Active rental listings currently average $2,499/month ($3.49/SF) for an average unit size of 737 SF.

What are the most affordable and premium condo and apartment buildings in Scarborough City Centre?

In Scarborough City Centre, Hillsborough Court II represents a top-tier premium building with an average lease rate of $3,540/month ($2.72/SF). Conversely, Tricycle Condos offers more accessible pricing, averaging $2,073/month ($3.69/SF). Pricing varies based on building vintage, interior finishes, suite square footage, and amenity offerings.

What are the postal code FSAs for Scarborough City Centre?

FastScreen tracks verified condominium and apartment listings and closed lease transactions across Scarborough City Centre's primary postal code Forward Sortation Areas (FSAs): M1G, M1H, M1P. These postal districts encompass 26 tracked multi-family properties throughout Scarborough.

How fast do rental units lease in Scarborough City Centre (Days on Market)?

The average Days on Market (DOM) for realized leases in Scarborough City Centre is 30 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 Scarborough City Centre to avoid vacancy loss?

Landlords in Scarborough City Centre should benchmark initial asking rents against verified 30-day closed lease comps rather than peak active listings. At an average rent of $2,444/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 $2,444, which takes 24 months of collecting that higher rent just to break even.

What key features should landlords and realtors highlight when marketing a Scarborough City Centre rental property?

When marketing a condominium or apartment rental in Scarborough City Centre, 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).

Scarborough Submarket Hub

Scarborough City Centre Rental Comps & Market Trends

Name: Scarborough City Centre, Scarborough Rental Market Intelligence & Lease Benchmark Dataset
Creator: FastScreen

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 26 tracked properties across Scarborough City Centre, Scarborough.

Postal Codes Covered:M1G, M1H, M1P

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Scarborough City Centre

Active Listings

40units

Across 26 buildings

Average Asking Rent

$2,499/mo

+1.2% Asking Trend

Average Unit Size

737SF

Asking layout average

Average Asking / SF

$3.49/SF

Current asking rate

Average Days on Market

35days

Active listing age

Closed Leases

Transactions that closed in August 2026 across Scarborough City Centre

Units Leased

103closed

Executed transactions

Average Leased Rent

$2,444/mo

-3.5% MoM Delta

Average Leased SF

727SF

Executed size average

Average Leased / SF

$3.50/SF

Realized per-foot rate

Average Days on Market

30days

Days to execute lease

Scarborough City Centre 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

$4.88/SF · 400 SF

+$291 vs Scarborough

1-Bedroom

$2,119/mo

$3.88/SF · 558 SF

+$118 vs Scarborough

1-Bedroom + Den

$2,278/mo

$3.52/SF · 650 SF

+$106 vs Scarborough

2-Bedroom

$2,581/mo

$3.13/SF · 842 SF

-$103 vs Scarborough

2-Bedroom + Den

$2,854/mo

$3.51/SF · 891 SF

-$74 vs Scarborough

3-Bedroom+

$3,207/mo

$3.21/SF · 1007 SF

-$453 vs Scarborough

Scarborough City Centre Tracked Buildings & Lease Comps

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

							Action
EQ1 at Equinox 70 Town Centre Crt	$2,698/mo	$3.44/SF	11leases	29days	1unit	336suites	Comps
EQ2 at Equinox 60 Town Centre Crt	$2,525/mo	$3.51/SF	8leases	24days	4units	300suites	Comps
Ellipse II 38 Lee Centre Dr	$2,263/mo	$3.14/SF	8leases	52days	3units	347suites	Comps
360° At The City Centre 83 Borough Dr	$2,331/mo	$3.17/SF	8leases	30days	0units	489suites	Comps
Residences at the Consilium II 68 Corporate Dr	$2,803/mo	$2.88/SF	7leases	35days	3units	523suites	Comps
Ellipse I 36 Lee Centre Dr	$2,221/mo	$3.22/SF	7leases	30days	2units	345suites	Comps
Encore at Equinox 50 Town Centre Crt	$2,157/mo	$4.54/SF	7leases	14days	1unit	403suites	Comps
Centro - North Tower 25 Town Centre Crt	$2,421/mo	$3.53/SF	7leases	21days	1unit	292suites	Comps
Equinox I 60 Brian Harrison Way	$2,404/mo	$3.56/SF	6leases	18days	5units	340suites	Comps
Equinox II 50 Brian Harrison Way	$2,392/mo	$3.84/SF	6leases	52days	4units	349suites	Comps
Centro - South Tower 190 Borough Dr	$2,380/mo	$3.45/SF	5leases	36days	2units	285suites	Comps
Hillsborough Court I 18 Lee Centre Dr	$2,600/mo	$2.93/SF	4leases	39days	2units	228suites	Comps
ME Living 1 30 Meadowglen Pl	$2,283/mo	$3.97/SF	3leases	28days	2units	327suites	Comps
ME Living 2 20 Meadowglen Pl	$2,483/mo	$3.37/SF	3leases	19days	2units	299suites	Comps
May Tower II 11 Lee Centre Dr	$2,433/mo	$3.24/SF	3leases	27days	2units	271suites	Comps
Residences at the Consilium I 88 Corporate Dr	$2,733/mo	$4.87/SF	3leases	43days	0units	557suites	Comps
Tricycle Condos 10 Meadowglen Pl	$2,073/mo	$3.69/SF	3leases	23days	0units	144suites	Comps
May Tower 1 Lee Centre Dr	$2,600/mo	$2.90/SF	2leases	45days	1unit	261suites	Comps
Elle Condos 1350 Ellesmere Rd	$2,350/mo	$3.92/SF	2leases	14days	1unit	250suites	Comps
Forest Mansion II 123 Omni Dr	$2,575/mo	$3.14/SF	2leases	22days	0units	143suites	Comps
Omni at the City Centre 115 Omni Dr	$2,850/mo	$2.59/SF	1lease	48days	2units	246suites	Comps
Hillsborough Court II 8 Lee Centre Dr	$3,540/mo	$2.72/SF	1lease	35days	1unit	236suites	Comps
Altitude 88 Grangeway Ave	$2,200/mo	$3.38/SF	1lease	8days	1unit	222suites	Comps
Forest Vista 61 Town Centre Crt	$2,800/mo	$3.01/SF	1lease	29days	0units	316suites	Comps
Skyscape 68 Grangeway Ave	$2,700/mo	$3.18/SF	1lease	4days	0units	228suites	Comps
Forest Mansion I 125 Omni Dr	—	—	0leases	—	0units	276suites	Comps

EQ1 at Equinox

70 Town Centre Crt

$2,698

avg leased

Leased $/SF: $3.44/SF

Days on Market: 29d

Closed Leases: 11

Active Supply: 1 units

336 Total SuitesBuilding Comps

EQ2 at Equinox

60 Town Centre Crt

$2,525

avg leased

Leased $/SF: $3.51/SF

Days on Market: 24d

Closed Leases: 8

Active Supply: 4 units

300 Total SuitesBuilding Comps

Ellipse II

38 Lee Centre Dr

$2,263

avg leased

Leased $/SF: $3.14/SF

Days on Market: 52d

Closed Leases: 8

Active Supply: 3 units

347 Total SuitesBuilding Comps

360° At The City Centre

83 Borough Dr

$2,331

avg leased

Leased $/SF: $3.17/SF

Days on Market: 30d

Closed Leases: 8

Active Supply: 0 units

489 Total SuitesBuilding Comps

Residences at the Consilium II

68 Corporate Dr

$2,803

avg leased

Leased $/SF: $2.88/SF

Days on Market: 35d

Closed Leases: 7

Active Supply: 3 units

523 Total SuitesBuilding Comps

Ellipse I

36 Lee Centre Dr

$2,221

avg leased

Leased $/SF: $3.22/SF

Days on Market: 30d

Closed Leases: 7

Active Supply: 2 units

345 Total SuitesBuilding Comps

Encore at Equinox

50 Town Centre Crt

$2,157

avg leased

Leased $/SF: $4.54/SF

Days on Market: 14d

Closed Leases: 7

Active Supply: 1 units

403 Total SuitesBuilding Comps

Centro - North Tower

25 Town Centre Crt

$2,421

avg leased

Leased $/SF: $3.53/SF

Days on Market: 21d

Closed Leases: 7

Active Supply: 1 units

292 Total SuitesBuilding Comps

Equinox I

60 Brian Harrison Way

$2,404

avg leased

Leased $/SF: $3.56/SF

Days on Market: 18d

Closed Leases: 6

Active Supply: 5 units

340 Total SuitesBuilding Comps

Equinox II

50 Brian Harrison Way

$2,392

avg leased

Leased $/SF: $3.84/SF

Days on Market: 52d

Closed Leases: 6

Active Supply: 4 units

349 Total SuitesBuilding Comps

Centro - South Tower

190 Borough Dr

$2,380

avg leased

Leased $/SF: $3.45/SF

Days on Market: 36d

Closed Leases: 5

Active Supply: 2 units

285 Total SuitesBuilding Comps

Hillsborough Court I

18 Lee Centre Dr

$2,600

avg leased

Leased $/SF: $2.93/SF

Days on Market: 39d

Closed Leases: 4

Active Supply: 2 units

228 Total SuitesBuilding Comps

ME Living 1

30 Meadowglen Pl

$2,283

avg leased

Leased $/SF: $3.97/SF

Days on Market: 28d

Closed Leases: 3

Active Supply: 2 units

327 Total SuitesBuilding Comps

ME Living 2

20 Meadowglen Pl

$2,483

avg leased

Leased $/SF: $3.37/SF

Days on Market: 19d

Closed Leases: 3

Active Supply: 2 units

299 Total SuitesBuilding Comps

May Tower II

11 Lee Centre Dr

$2,433

avg leased

Leased $/SF: $3.24/SF

Days on Market: 27d

Closed Leases: 3

Active Supply: 2 units

271 Total SuitesBuilding Comps

Residences at the Consilium I

88 Corporate Dr

$2,733

avg leased

Leased $/SF: $4.87/SF

Days on Market: 43d

Closed Leases: 3

Active Supply: 0 units

557 Total SuitesBuilding Comps

Tricycle Condos

10 Meadowglen Pl

$2,073

avg leased

Leased $/SF: $3.69/SF

Days on Market: 23d

Closed Leases: 3

Active Supply: 0 units

144 Total SuitesBuilding Comps

May Tower

1 Lee Centre Dr

$2,600

avg leased

Leased $/SF: $2.90/SF

Days on Market: 45d

Closed Leases: 2

Active Supply: 1 units

261 Total SuitesBuilding Comps

Elle Condos

1350 Ellesmere Rd

$2,350

avg leased

Leased $/SF: $3.92/SF

Days on Market: 14d

Closed Leases: 2

Active Supply: 1 units

250 Total SuitesBuilding Comps

Forest Mansion II

123 Omni Dr

$2,575

avg leased

Leased $/SF: $3.14/SF

Days on Market: 22d

Closed Leases: 2

Active Supply: 0 units

143 Total SuitesBuilding Comps

Omni at the City Centre

115 Omni Dr

$2,850

avg leased

Leased $/SF: $2.59/SF

Days on Market: 48d

Closed Leases: 1

Active Supply: 2 units

246 Total SuitesBuilding Comps

Hillsborough Court II

8 Lee Centre Dr

$3,540

avg leased

Leased $/SF: $2.72/SF

Days on Market: 35d

Closed Leases: 1

Active Supply: 1 units

236 Total SuitesBuilding Comps

Altitude

88 Grangeway Ave

$2,200

avg leased

Leased $/SF: $3.38/SF

Days on Market: 8d

Closed Leases: 1

Active Supply: 1 units

222 Total SuitesBuilding Comps

Forest Vista

61 Town Centre Crt

$2,800

avg leased

Leased $/SF: $3.01/SF

Days on Market: 29d

Closed Leases: 1

Active Supply: 0 units

316 Total SuitesBuilding Comps

Skyscape

68 Grangeway Ave

$2,700

avg leased

Leased $/SF: $3.18/SF

Days on Market: 4d

Closed Leases: 1

Active Supply: 0 units

228 Total SuitesBuilding Comps

Forest Mansion I

125 Omni Dr

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

276 Total SuitesBuilding 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 Scarborough City Centre.

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.

Scarborough City Centre Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Scarborough City Centre

Scarborough City Centre is an established residential submarket within Scarborough, comprising 26 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 Scarborough City Centre is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Scarborough and the wider Greater Toronto Area.

The residential inventory in Scarborough City Centre 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 Scarborough City Centre is currently $2,444/month ($3.50/SF), with an average leasing velocity of 30 Days on Market. Compared to the overall Scarborough municipal benchmark ($2,440/month), Scarborough City Centre trades at a 0% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Tricycle Condos ($2,073/mo) to Hillsborough Court II ($3,540/mo).

Currently across Scarborough City Centre's 26 tracked multi-family properties, there are 40 active rental listings with an average asking rent of $2,499/month ($3.49/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,444/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 Scarborough City Centre to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 30 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 $2,444/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 Scarborough City Centre to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Scarborough City Centre's 26 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.

Frequently Asked Questions

Scarborough City Centre Rental Market & Leasing FAQs

Essential insights for tenants, property owners, and real estate professionals navigating Scarborough City Centre, Scarborough

Based on lease transactions tracked by FastScreen in August 2026 across 26 tracked condominium and apartment buildings in Scarborough City Centre, realized rents by unit layout average:

Studio / Bachelor:$1,950/mo($4.88/SF · 400 SF)
+$291 vs Scarborough avg
1-Bedroom:$2,119/mo($3.88/SF · 558 SF)
+$118 vs Scarborough avg
1-Bedroom + Den:$2,278/mo($3.52/SF · 650 SF)
+$106 vs Scarborough avg
2-Bedroom:$2,581/mo($3.13/SF · 842 SF)
-$103 vs Scarborough avg
2-Bedroom + Den:$2,854/mo($3.51/SF · 891 SF)
-$74 vs Scarborough avg
3-Bedroom+:$3,207/mo($3.21/SF · 1007 SF)
-$453 vs Scarborough avg

Overall market leasing across all unit layouts averaged $2,444/month ($3.50/SF) with an average of 30 Days on Market. Active rental listings currently average $2,499/month ($3.49/SF) for an average unit size of 737 SF.