Downtown West Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 125 tracked properties across Downtown West, Toronto.
Downtown West Rental Market Overview
As of late summer 2026, the Downtown West submarket in Toronto—concentrated within postal forwarding sector M5G and encompassing 125 tracked condominium developments—operates as a high-speed urban rental hotspot characterized by rapid turnover and robust leasing activity. Public records show 180 active listings currently on the market with an average asking rent of $3,184 per month at $4.88 per square foot. By comparison, closed lease data over the trailing 30 days ending August 31, 2026, reveals an average realized rent of $3,021 based on 190 executed transactions across $4.65 per square foot. This creates an asking-to-realized spread of $163 per month where tenants secure suites slightly below initial landlord targets. Downtown West rental rates sit at a $255 premium (or 9.22%) compared to the broader Toronto municipal effective average of $2,766 per month. Transaction volume is heavily anchored by 1-bedroom configurations, which account for the largest share of signed leases across the submarket's multi-residential inventory.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Downtown West
Closed Leases
Transactions that closed in August 2026 across Downtown West
Downtown West Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Downtown West Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown West, Toronto.
| Action | |||||
|---|---|---|---|---|---|
The Residences of 488 University Avenue 488 University Ave | $3,487/mo | $4.57/SF | 12leases | 9units | Comps |
Artistry 280 Dundas St W | $3,074/mo | $4.88/SF | 11leases | 18units | Comps |
Theory 203 College St | $3,591/mo | $5.86/SF | 11leases | 6units | Comps |
Residences at RCMI 426 University Ave | $2,911/mo | $4.06/SF | 9leases | 5units | Comps |
Design Haus 181 Huron St | $3,477/mo | $5.64/SF | 9leases | 0units | Comps |
543 Richmond 543 Richmond St W | $2,609/mo | $4.54/SF | 8leases | 8units | Comps |
Fabrik 435 Richmond St W | $2,750/mo | $4.52/SF | 8leases | 1unit | Comps |
West Condos 9 Tecumseth St | $2,333/mo | $4.70/SF | 6leases | 4units | Comps |
775 King West - East Building 78 Tecumseth St | $2,558/mo | $4.17/SF | 6leases | 0units | Comps |
Artist's Alley 2 230 Simcoe St | $2,750/mo | $5.28/SF | 5leases | 2units | Comps |
The Harlowe 608 Richmond Street West | $2,800/mo | $4.42/SF | 5leases | 2units | Comps |
Musee 525 Adelaide St W | $2,429/mo | $4.27/SF | 5leases | 1unit | Comps |
Westside - East Tower 576 Front St W | $2,445/mo | $4.37/SF | 5leases | 1unit | Comps |
Artist's Alley - East Tower 238 Simcoe St | $2,319/mo | $4.66/SF | 4leases | 8units | Comps |
Fashion House - King Building 560 King St W | $2,515/mo | $5.17/SF | 4leases | 3units | Comps |
No 210 Residences on Simcoe 210 Simcoe St | $2,513/mo | $4.68/SF | 4leases | 2units | Comps |
Waterworks 505 Richmond St W | $7,375/mo | $11.26/SF | 4leases | 1unit | Comps |
SQ2 at Alexandra Park 80 Vanauley St | $3,575/mo | $4.18/SF | 4leases | 1unit | Comps |
400 Wellington West 400 Wellington St W | $3,888/mo | $4.37/SF | 4leases | 0units | Comps |
Thompson Residences 629 King St W/38 Stewart St | $3,325/mo | $5.65/SF | 3leases | 9units | Comps |
The College 297 College St | $3,133/mo | $4.07/SF | 3leases | 7units | Comps |
The Well - Classic Series I 470 Front St W | $2,600/mo | $4.59/SF | 3leases | 3units | Comps |
550 Wellington West 55 Stewart/552 Wellington | $2,367/mo | $4.78/SF | 3leases | 2units | Comps |
oneeleven 111 Bathurst St | $2,917/mo | $4.23/SF | 3leases | 2units | Comps |
Rush 2 Augusta Ave | $2,550/mo | $4.46/SF | 3leases | 2units | Comps |
Artist's Alley - West Tower 121 St Patrick St | $3,283/mo | $4.17/SF | 3leases | 1unit | Comps |
The Morgan 438 Richmond St W | $2,867/mo | $3.64/SF | 3leases | 1unit | Comps |
The Summit I 701 King St W | $2,233/mo | $3.36/SF | 3leases | 1unit | Comps |
Sixty Loft 60 Bathurst St | $4,000/mo | $3.89/SF | 3leases | 1unit | Comps |
Thirtytwo Camden 32 Camden St | $2,650/mo | $3.81/SF | 3leases | 0units | Comps |
SQ Spadina Queen 38 Cameron St | $2,950/mo | $4.53/SF | 2leases | 5units | Comps |
Westside - Bside 27 Bathurst St | $3,475/mo | $4.00/SF | 2leases | 4units | Comps |
Form Condos 50 McCaul St | $3,650/mo | $4.04/SF | 2leases | 3units | Comps |
Seventy5 Portland 75 Portland St | $3,150/mo | $3.70/SF | 2leases | 2units | Comps |
Six50 King West - Bathurst Building 95 Bathurst St | $3,175/mo | $4.06/SF | 2leases | 2units | Comps |
Six50 King West - King Building 650 King St W | $2,175/mo | $4.92/SF | 2leases | 2units | Comps |
Parc Lofts 25 Stafford St | $2,350/mo | $5.06/SF | 2leases | 2units | Comps |
12 Degrees 15 Beverley St | $3,100/mo | $4.93/SF | 2leases | 2units | Comps |
Downtown 508 Wellington St W | $2,175/mo | $4.70/SF | 2leases | 2units | Comps |
335 College Street 335 College Street | $1,800/mo | $4.50/SF | 2leases | 2units | Comps |
775 King West 775 King St W | $3,025/mo | $4.78/SF | 2leases | 1unit | Comps |
The Bread Company 195 McCaul St | $3,050/mo | $4.43/SF | 2leases | 1unit | Comps |
The Brant Park 39 Brant St | $2,100/mo | $5.25/SF | 2leases | 1unit | Comps |
Portland Park Village 550 Front St W | $2,800/mo | $3.57/SF | 2leases | 1unit | Comps |
123 Portland 123 Portland St | $3,495/mo | $4.11/SF | 2leases | 1unit | Comps |
Zed 38 Niagara St | $2,400/mo | $4.06/SF | 2leases | 1unit | Comps |
Village by the Grange VI 89 McCaul St | $3,300/mo | $3.85/SF | 2leases | 1unit | Comps |
MRKT Alexandra Park 115 Denison Ave | $2,800/mo | $4.06/SF | 2leases | 0units | Comps |
Wellington Square 18 Stafford St | $2,600/mo | $4.10/SF | 2leases | 0units | Comps |
Quad Lofts II 23 Brant St | $2,425/mo | $3.63/SF | 2leases | 0units | Comps |
455 Adelaide W (10 Morrison St) 10 Morrison St | $3,225/mo | $4.33/SF | 2leases | 0units | Comps |
The Well - Signature Series 455 Wellington St W | $6,975/mo | $5.39/SF | 2leases | 0units | Comps |
Village by the Grange III 120 St Patrick St | $2,725/mo | $4.19/SF | 2leases | 0units | Comps |
Industrial Revolution Lofts I 676 Richmond St W | $6,750/mo | $3.29/SF | 2leases | 0units | Comps |
West House 88 Bathurst Street | $3,450/mo | $5.29/SF | 1lease | 4units | Comps |
Rêve King West 560 Front St W | $2,300/mo | $4.18/SF | 1lease | 3units | Comps |
The Woodsworth 458 Richmond St W | $2,275/mo | $4.33/SF | 1lease | 3units | Comps |
Dragon Condos 10 Willison Sq | $2,250/mo | $3.46/SF | 1lease | 3units | Comps |
Citysphere 801 King St W | $3,500/mo | $4.67/SF | 1lease | 2units | Comps |
The Summit II 705 King St W | $2,650/mo | $3.53/SF | 1lease | 2units | Comps |
The Well - Classic Series II 480 Front St W | $2,750/mo | $4.22/SF | 1lease | 2units | Comps |
9T6 Condominium Residences 96 St Patrick St | $2,300/mo | $5.00/SF | 1lease | 2units | Comps |
Victory Condominiums 478 King St W | $2,500/mo | $4.13/SF | 1lease | 2units | Comps |
Fashion House - Adelaide Building 461 Adelaide St W | $2,700/mo | $4.91/SF | 1lease | 2units | Comps |
Adelaide Square 140 Bathurst St | $2,495/mo | $4.54/SF | 1lease | 2units | Comps |
66 Portland 66 Portland St | $3,900/mo | $4.11/SF | 1lease | 2units | Comps |
One Park Lane I 280 Simcoe St | $3,800/mo | $2.92/SF | 1lease | 1unit | Comps |
The Westside 700 King St W | $3,150/mo | $3.71/SF | 1lease | 1unit | Comps |
One Park Lane III 211 St Patrick Street | $3,800/mo | $2.92/SF | 1lease | 1unit | Comps |
414 Dundas Street W 414 Dundas Street W | $3,000/mo | $2.73/SF | 1lease | 1unit | Comps |
Artists' Alley 234 Simcoe Street | $2,198/mo | $5.50/SF | 1lease | 0units | Comps |
Village by the Grange 103 Mccaul Street | $2,500/mo | $3.85/SF | 1lease | 0units | Comps |
Wynford Condominiums 1715 Edgecliff Golfway E | $2,600/mo | $2.74/SF | 1lease | 0units | Comps |
Phoebe - Beverley Building 18 Beverley St | $3,800/mo | $4.00/SF | 1lease | 0units | Comps |
Lofts 399 399 Adelaide St W | $2,550/mo | $4.64/SF | 1lease | 0units | Comps |
The Summit III 725 King St W | $2,600/mo | $4.00/SF | 1lease | 0units | Comps |
Kingly Condos 501 Adelaide St W | $4,800/mo | $4.99/SF | 1lease | 0units | Comps |
One Park Lane II 195 St Patrick St | $3,500/mo | $2.69/SF | 1lease | 0units | Comps |
Cityscape Terrace 500 Richmond St W | $4,750/mo | $4.32/SF | 1lease | 0units | Comps |
Village by the Grange II 80 St Patrick St | $3,100/mo | $4.77/SF | 1lease | 0units | Comps |
Queen and Portland 156 Portland St | $2,550/mo | $4.64/SF | 1lease | 0units | Comps |
Kensington Market Lofts I 160 Baldwin St | $3,800/mo | $3.45/SF | 1lease | 0units | Comps |
Village by the Grange VII 105 McCaul St | $3,200/mo | $4.20/SF | 1lease | 0units | Comps |
Village by the Grange IV 53 McCaul St | $2,300/mo | $3.54/SF | 1lease | 0units | Comps |
20 Stewart 20 Stewart St | $2,500/mo | $4.55/SF | 1lease | 0units | Comps |
Kingscourt 188 Spadina Ave | $3,850/mo | $2.57/SF | 1lease | 0units | Comps |
Soho Condos 477 Richmond St W | $1,950/mo | $3.55/SF | 1lease | 0units | Comps |
Zen Lofts 42 Camden St | $2,250/mo | $4.09/SF | 1lease | 0units | Comps |
60 Niagara 60 - 64 Niagara St | $4,400/mo | $3.82/SF | 1lease | 0units | Comps |
8 Oxford Condominiums 8 Oxford Street | $2,550/mo | $3.40/SF | 1lease | 0units | Comps |
Cawthra House 150 Beverley St | $2,500/mo | $3.33/SF | 1lease | 0units | Comps |
Five Hundred Wellington West 500 Wellington St W | $21,000/mo | $13.13/SF | 1lease | 0units | Comps |
436 Queen W 436 Queen Street W | $2,100/mo | $2.47/SF | 1lease | 0units | Comps |
490 Queen Street W 490 Queen Street W | $1,650/mo | $4.13/SF | 1lease | 0units | Comps |
Waverley 484 Spadina Avenue | $3,544(ask) | $5.57 (ask) | 0leases | 5units | Comps |
The Kings 800 King St W | $3,175(ask) | $3.98 (ask) | 0leases | 2units | Comps |
Tecumseth Lofts 766 King St W | $4,500(ask) | $9.31 (ask) | 0leases | 2units | Comps |
Residences of the Artisan 152 St Patrick St | $2,800(ask) | $3.73 (ask) | 0leases | 1unit | Comps |
Trinity Park Lofts 901 Queen St W | $3,200(ask) | $4.27 (ask) | 0leases | 1unit | Comps |
Quad Lofts I 19 Brant St | $3,750(ask) | $5.00 (ask) | 0leases | 1unit | Comps |
Kensington Market Lofts, II 21 Nassau St | $2,650(ask) | $4.82 (ask) | 0leases | 1unit | Comps |
West One - CityPlace Unknown Address | — | — | 0leases | 0units | Comps |
Grangetown Lofts 71 McCaul Street | — | — | 0leases | 0units | Comps |
Wellington on the Park 15 Stafford St | — | — | 0leases | 0units | Comps |
Chinatown Centre 222 Spadina Ave | — | — | 0leases | 0units | Comps |
Design Haus 231 College Street | — | — | 0leases | 0units | Comps |
Village by the Grange I 60 St Patrick St | — | — | 0leases | 0units | Comps |
Village by the Grange V 73 McCaul St | — | — | 0leases | 0units | Comps |
The Sylvia 50 Camden St | — | — | 0leases | 0units | Comps |
Camden Lofts 29 Camden St | — | — | 0leases | 0units | Comps |
Gotham Lofts 781 King St W | — | — | 0leases | 0units | Comps |
533 Richmond 533 Richmond St W | — | — | 0leases | 0units | Comps |
West 833 833 King St W | — | — | 0leases | 0units | Comps |
32 Stewart 32 Stewart St | — | — | 0leases | 0units | Comps |
One Six Nine 169 John St | — | — | 0leases | 0units | Comps |
90 Niagara 90 Niagara St | — | — | 0leases | 0units | Comps |
Phoebe - Soho Building 11 Soho St | — | — | 0leases | 0units | Comps |
The Wellington Worx Building 436 Wellington St W | — | — | 0leases | 0units | Comps |
468 Wellington 468 Wellington St W | — | — | 0leases | 0units | Comps |
The Twenty 20 Niagara St | — | — | 0leases | 0units | Comps |
Industrial Revolution Lofts II 670 Richmond St W | — | — | 0leases | 0units | Comps |
366 College Street 366 College Street | — | — | 0leases | 0units | Comps |
400 Queen Street W 400 Queen Street W | — | — | 0leases | 0units | Comps |
475 Queen West 475 Queen Street West | — | — | 0leases | 0units | Comps |
566 Queen W 566 Queen Street W | — | — | 0leases | 0units | Comps |
488 University Ave
280 Dundas St W
203 College St
426 University Ave
181 Huron St
543 Richmond St W
435 Richmond St W
9 Tecumseth St
78 Tecumseth St
230 Simcoe St
608 Richmond Street West
525 Adelaide St W
576 Front St W
238 Simcoe St
560 King St W
210 Simcoe St
505 Richmond St W
80 Vanauley St
400 Wellington St W
629 King St W/38 Stewart St
297 College St
470 Front St W
55 Stewart/552 Wellington
111 Bathurst St
2 Augusta Ave
121 St Patrick St
438 Richmond St W
701 King St W
60 Bathurst St
32 Camden St
38 Cameron St
27 Bathurst St
50 McCaul St
75 Portland St
95 Bathurst St
650 King St W
25 Stafford St
15 Beverley St
508 Wellington St W
335 College Street
775 King St W
195 McCaul St
39 Brant St
550 Front St W
123 Portland St
38 Niagara St
89 McCaul St
115 Denison Ave
18 Stafford St
23 Brant St
10 Morrison St
455 Wellington St W
120 St Patrick St
676 Richmond St W
88 Bathurst Street
560 Front St W
458 Richmond St W
10 Willison Sq
801 King St W
705 King St W
480 Front St W
96 St Patrick St
478 King St W
461 Adelaide St W
140 Bathurst St
66 Portland St
280 Simcoe St
700 King St W
211 St Patrick Street
414 Dundas Street W
234 Simcoe Street
103 Mccaul Street
1715 Edgecliff Golfway E
18 Beverley St
399 Adelaide St W
725 King St W
501 Adelaide St W
195 St Patrick St
500 Richmond St W
80 St Patrick St
156 Portland St
160 Baldwin St
105 McCaul St
53 McCaul St
20 Stewart St
188 Spadina Ave
477 Richmond St W
42 Camden St
60 - 64 Niagara St
8 Oxford Street
150 Beverley St
500 Wellington St W
436 Queen Street W
490 Queen Street W
484 Spadina Avenue
800 King St W
766 King St W
152 St Patrick St
901 Queen St W
19 Brant St
21 Nassau St
Unknown Address
71 McCaul Street
15 Stafford St
222 Spadina Ave
231 College Street
60 St Patrick St
73 McCaul St
50 Camden St
29 Camden St
781 King St W
533 Richmond St W
833 King St W
32 Stewart St
169 John St
90 Niagara St
11 Soho St
436 Wellington St W
468 Wellington St W
20 Niagara St
670 Richmond St W
366 College Street
400 Queen Street W
475 Queen Street West
566 Queen Street W
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Downtown 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.
Downtown West Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Downtown West
As of late summer 2026, the Downtown West submarket in Toronto—concentrated within postal forwarding sector M5G and encompassing 125 tracked condominium developments—operates as a high-speed urban rental hotspot characterized by rapid turnover and robust leasing activity. Public records show 180 active listings currently on the market with an average asking rent of $3,184 per month at $4.88 per square foot. By comparison, closed lease data over the trailing 30 days ending August 31, 2026, reveals an average realized rent of $3,021 based on 190 executed transactions across $4.65 per square foot. This creates an asking-to-realized spread of $163 per month where tenants secure suites slightly below initial landlord targets. Downtown West rental rates sit at a $255 premium (or 9.22%) compared to the broader Toronto municipal effective average of $2,766 per month. Transaction volume is heavily anchored by 1-bedroom configurations, which account for the largest share of signed leases across the submarket's multi-residential inventory.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Downtown West is currently $3,021/month ($4.65/SF), with an average leasing velocity of 20 Days on Market. Compared to the overall Toronto municipal benchmark ($2,767/month), Downtown West trades at a 9% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from 490 Queen Street W ($1,650/mo) to Five Hundred Wellington West ($21,000/mo).
Month Over Month Trends
Month-over-month price adjustments reflect a downward shift in average closed lease figures from the prior period. Average realized monthly rent moved by -$143, representing a 4.52% decrease compared to the preceding 30 days where 254 closed leases averaged $3,164 per month at $4.52 per square foot. This short-term variation is driven by changes in closed lease volume and a higher concentration of mid-tier layouts executing during the current 30-day tracking window, contrasting with prior transaction mixes.
Longer Term Trends & Rental Dispersion
Long-term rental performance across Downtown West demonstrates consistent price stability and broad inventory dispersion. Across 899 total historical tracked leases, overall rent dispersion spans from a minimum of $300 to a maximum of $21,000 per month, with a median rent of $2,700. The middle 50% of the market—defined by the interquartile range—sits between $2,300 (25th percentile) and $3,350 (75th percentile) per month, resulting in an IQR spread of $1,050. This wide distribution accommodates both entry-level compact suites and ultra-luxury penthouses across the submarket's 125 tracked buildings.
Currently across Downtown West's 125 tracked multi-family properties, there are 180 active rental listings with an average asking rent of $3,184/month ($4.88/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,021/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Renters searching in Downtown West should prepare for a fast-moving market where desirable suites secure tenants within 20 days. Prospective tenants can expect the middle 50% of the market to range between $2,300 and $3,350 per month. Stepping up from a standard 1-bedroom suite (averaging $2,376 per month over 180 days) to a 2-bedroom unit (averaging $3,541 per month) requires an average monthly rent step-up of $1,165 (or 49.03%), gaining an additional 305 square feet of living space. Upgrading from a 2-bedroom to a 3-bedroom layout adds an average of $1,402 per month for 234 extra square feet. Because properties lease quickly, applicants should have financial documents, employment verification, and credit reports ready immediately upon viewing.
For Landlords
Landlords and condo investors operating in Downtown West benefit from strong liquidity and a robust 51.4% absorption rate, though pricing discipline is essential. With active listings averaging $3,184 per month against closed leases at $3,021 per month—an asking-to-realized spread of $163 per month—owners must avoid overpricing beyond the submarket's median threshold of $2,700 per month. Properties priced in line with recent closed lease benchmarks lease efficiently within the 20-day market window, whereas aspirational asking rents risk extended vacancy timelines that exceed municipal norms.
For Realtors
Real estate professionals representing clients in Downtown West navigate a high-velocity urban rental market defined by 180 active listings and 190 closed leases over the trailing 30 days. Agents should advise tenant clients to act decisively given the 20-day average days on market, which outpaces the broader Toronto municipal speed by 2 days. For landlord clients, managing the $163 asking-to-realized spread is critical for capturing qualified applicants across standard 1-bedroom and 2-bedroom inventory without triggering prolonged vacancy.
Downtown West Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Downtown West, Toronto
What is the average rent for a condominium or apartment in Downtown West, Toronto?
Downtown West's average realized lease price is $3,021 per month ($4.65 per square foot), based on 190 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $2,300 (25th percentile) and $3,350 (75th percentile) per month, with an overall median rent of $2,700 per month. This positioning places Downtown West rents at a $255 premium compared to the broader Toronto municipal average of $2,766 per month.
How much is a 1-bedroom apartment in Downtown West?
The average rent for a 1-bedroom apartment in Downtown West, Toronto is $2,376 per month ($4.57 per square foot) based on 180-day data spanning 304 leases, while 1-bedroom plus den suites average $2,782 per month ($4.41 per square foot) across 237 leases. Most 1-bedroom units lease between $2,200 (25th percentile) and $2,450 (75th percentile) per month, with an average size of 531 square feet.
How much is a 2-bedroom apartment in Downtown West?
The average rent for a 2-bedroom apartment in Downtown West, Toronto is $3,541 per month ($4.32 per square foot) based on 180-day data spanning 198 leases, while 2-bedroom plus den suites average $4,136 per month ($4.41 per square foot) across 44 leases. Most 2-bedroom units lease between $3,050 (25th percentile) and $3,900 (75th percentile) per month, representing an average rent step-up of $1,165 and an additional 305 square feet compared to standard 1-bedroom layouts.
How much is a 3-bedroom apartment in Downtown West?
The average rent for a 3-bedroom apartment in Downtown West, Toronto is $4,943 per month ($4.84 per square foot), based on 180-day data covering 68 closed leases. Three-bedroom and larger suites represent a scarce inventory segment with an average size of 1,070 square feet, offering substantial family-sized layouts across tracked submarket buildings.
What are the most affordable and premium condo and apartment buildings in Downtown West?
Within Downtown West, Five Hundred Wellington West commands the highest average lease rate at approximately $21,000 per month, while entry-level private transactions across tracked submarket inventory start around $1,883 per month.
How does rent in Downtown West compare to the overall Toronto average?
Downtown West rents average $3,021 per month, which is higher than the overall Toronto average of $2,766 per month (a spread of $255 or 9.22%). Properties in Downtown West spend an average of 20 days on the market—leasing 2 days faster than the broader Toronto municipal benchmark of 22 days.
What are the postal code FSAs for Downtown West?
Condo and apartment rentals in Downtown West primarily fall within postal forward sortation areas such as M5G.
How fast do rental units lease in Downtown West (Days on Market)?
Rental listings in Downtown West spend an average of 20 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days faster than the broader Toronto municipal benchmark of 22 days.
How should landlords price their rental listings in Downtown West to avoid vacancy loss?
With active listings averaging $3,184 per month against closed leases at $3,021 per month—an asking-to-realized spread of $163 per month—landlords should align asking prices with verified closed lease benchmarks rather than aspirational targets to prevent vacancy from exceeding the submarket average of 20 days.
How much more will a unit with a parking spot in Downtown West rent for versus a unit without one?
Reserved parking in Downtown West adds an estimated $230 to $1,081 per month across 1-bedroom and 3-bedroom layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Downtown 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.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Downtown West