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

Based on lease transactions tracked by FastScreen in August 2026 across 19 tracked condominium and apartment buildings in Downsview, realized rents by unit layout average: • Studio / Bachelor: $1,788/month ($3.25/SF · 550 SF) · -$96 (-5.1%) vs Toronto avg • 1-Bedroom: $1,466/month ($2.53/SF · 580 SF) · -$805 (-35.4%) vs Toronto avg • 1-Bedroom + Den: $1,591/month ($2.49/SF · 640 SF) · -$874 (-35.5%) vs Toronto avg • 2-Bedroom: $1,967/month ($2.31/SF · 850 SF) · -$1,080 (-35.4%) vs Toronto avg • 2-Bedroom + Den: $2,146/month ($2.28/SF · 940 SF) · -$1,178 (-35.4%) vs Toronto avg • 3-Bedroom+: $2,682/month ($2.27/SF · 1180 SF) · -$1,473 (-35.5%) vs Toronto avg Overall market leasing across all unit layouts averaged $1,788/month ($3.25/SF), with an average of 110 Days on Market. Active rental listings currently average $2,682/month ($3.06/SF) for an average unit size of 898 SF.

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

In Downsview, 150 Neptune Condos represents a top-tier premium building with an average lease rate of $3,150/month ($7.70/SF). Conversely, Greenwich Village Towns offers more accessible pricing, averaging $1,788/month ($3.25/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, M3M, M3N, M6A. These postal districts encompass 19 tracked multi-family properties throughout Toronto.

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

The average Days on Market (DOM) for realized leases in Downsview is 110 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 $1,788/month, each day of vacancy costs $60 in lost gross revenue. Overpricing a suite by $100/month and sitting vacant for 30 additional days costs $1,788, which takes 18 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).

Toronto Submarket Hub

Downsview Rental Comps & Market Trends

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

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 19 tracked properties across Downsview, Toronto.

Postal Codes Covered:M3H, M3J, M3M, M3N, 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

6units

Across 19 buildings

Average Asking Rent

$2,682/mo

+1.2% Asking Trend

Average Unit Size

898SF

Asking layout average

Average Asking / SF

$3.06/SF

Current asking rate

Average Days on Market

58days

Active listing age

Closed Leases

Transactions that closed in August 2026 across Downsview

Units Leased

2closed

Executed transactions

Average Leased Rent

$1,788/mo

-26.5% MoM Delta

Average Leased SF

550SF

Executed size average

Average Leased / SF

$3.25/SF

Realized per-foot rate

Average Days on Market

110days

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

$1,788/mo

$3.25/SF · 550 SF

-$96 vs Toronto

1-Bedroom

$1,466/mo

$2.53/SF · 580 SF

-$805 vs Toronto

1-Bedroom + Den

$1,591/mo

$2.49/SF · 640 SF

-$874 vs Toronto

2-Bedroom

$1,967/mo

$2.31/SF · 850 SF

-$1,080 vs Toronto

2-Bedroom + Den

$2,146/mo

$2.28/SF · 940 SF

-$1,178 vs Toronto

3-Bedroom+

$2,682/mo

$2.27/SF · 1180 SF

-$1,473 vs Toronto

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, Toronto.

							Action
Leadway Apartments 1305-1309 Wilson Avenue	$2,300/mo	$3.30/SF	2leases	7days	1unit	172suites	Comps
130 Neptune Drive Condos 130 Neptune Drive	$2,625/mo	$2.39/SF	2leases	52days	1unit	139suites	Comps
Greenwich Village Towns 851 Sheppard Avenue W	$1,788/mo	$3.25/SF	2leases	110days	0units	154suites	Comps
150 Neptune Condos 150 Neptune Drive	$3,150/mo	$7.70/SF	2leases	64days	0units	72suites	Comps
235 Grandravine Drive 235 Grandravine Drive	$1,950/mo	$2.89/SF	2leases	39days	0units	—	Comps
335 Driftwood Avenue 335 Driftwood Avenue	$2,300/mo	$2.71/SF	1lease	31days	0units	300suites	Comps
480 Wilson Apartments 480 Wilson Avenue	$1,950/mo	$3.55/SF	1lease	20days	0units	160suites	Comps
726 Sheppard Avenue W 726 Sheppard Avenue W	$2,000/mo	$3.64/SF	1lease	33days	0units	—	Comps
Driftwood Gardens 345 Driftwood Avenue	$2,400(ask)	$2.82 (ask)	0leases	—	1unit	300suites	Comps
Parkside Tower 1450 Sheppard Avenue W	$2,695(ask)	$2.84 (ask)	0leases	—	1unit	181suites	Comps
Bristol House 10 Tobermory Drive	$3,000(ask)	$2.73 (ask)	0leases	—	1unit	162suites	Comps
Reuben Cipin Healthy Living Community 2 Neptune Drive	$3,200(ask)	$4.35 (ask)	0leases	—	1unit	120suites	Comps
Four Winds Drive Condos 19 Four Winds Drive	—	—	0leases	—	0units	496suites	Comps
4745 Jane Street Condos 4645 Jane Street	—	—	0leases	—	0units	320suites	Comps
Greenwich Village 861 Sheppard Avenue	—	—	0leases	—	0units	153suites	Comps
Four Winds Condos 31 Four Winds Drive	—	—	0leases	—	0units	112suites	Comps
32 Hotspur 32 Hotspur Road	—	—	0leases	—	0units	10suites	Comps
1 Wandle Avenue 1 Wandle Avenue	—	—	0leases	—	0units	—	Comps
1364 Wilson Avenue 1364 Wilson Avenue	—	—	0leases	—	0units	—	Comps

Leadway Apartments

1305-1309 Wilson Avenue

$2,300

avg leased

Leased $/SF: $3.30/SF

Days on Market: 7d

Closed Leases: 2

Active Supply: 1 units

172 Total SuitesBuilding Comps

130 Neptune Drive Condos

130 Neptune Drive

$2,625

avg leased

Leased $/SF: $2.39/SF

Days on Market: 52d

Closed Leases: 2

Active Supply: 1 units

139 Total SuitesBuilding Comps

Greenwich Village Towns

851 Sheppard Avenue W

$1,788

avg leased

Leased $/SF: $3.25/SF

Days on Market: 110d

Closed Leases: 2

Active Supply: 0 units

154 Total SuitesBuilding Comps

150 Neptune Condos

150 Neptune Drive

$3,150

avg leased

Leased $/SF: $7.70/SF

Days on Market: 64d

Closed Leases: 2

Active Supply: 0 units

72 Total SuitesBuilding Comps

235 Grandravine Drive

$1,950

avg leased

Leased $/SF: $2.89/SF

Days on Market: 39d

Closed Leases: 2

Active Supply: 0 units

Condo ResidenceBuilding Comps

335 Driftwood Avenue

$2,300

avg leased

Leased $/SF: $2.71/SF

Days on Market: 31d

Closed Leases: 1

Active Supply: 0 units

300 Total SuitesBuilding Comps

480 Wilson Apartments

480 Wilson Avenue

$1,950

avg leased

Leased $/SF: $3.55/SF

Days on Market: 20d

Closed Leases: 1

Active Supply: 0 units

160 Total SuitesBuilding Comps

726 Sheppard Avenue W

$2,000

avg leased

Leased $/SF: $3.64/SF

Days on Market: 33d

Closed Leases: 1

Active Supply: 0 units

Condo ResidenceBuilding Comps

Driftwood Gardens

345 Driftwood Avenue

$2,400

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

300 Total SuitesBuilding Comps

Parkside Tower

1450 Sheppard Avenue W

$2,695

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

181 Total SuitesBuilding Comps

Bristol House

10 Tobermory Drive

$3,000

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

162 Total SuitesBuilding Comps

Reuben Cipin Healthy Living Community

2 Neptune Drive

$3,200

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 1 units

120 Total SuitesBuilding Comps

Four Winds Drive Condos

19 Four Winds Drive

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

496 Total SuitesBuilding Comps

4745 Jane Street Condos

4645 Jane Street

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

320 Total SuitesBuilding Comps

Greenwich Village

861 Sheppard Avenue

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

153 Total SuitesBuilding Comps

Four Winds Condos

31 Four Winds Drive

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

112 Total SuitesBuilding Comps

32 Hotspur

32 Hotspur Road

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

10 Total SuitesBuilding Comps

1 Wandle Avenue

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

Condo ResidenceBuilding Comps

1364 Wilson Avenue

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 Toronto, comprising 19 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 Toronto 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 $1,788/month ($3.25/SF), with an average leasing velocity of 110 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Downsview trades at a 35% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Greenwich Village Towns ($1,788/mo) to 150 Neptune Condos ($3,150/mo).

Currently across Downsview's 19 tracked multi-family properties, there are 6 active rental listings with an average asking rent of $2,682/month ($3.06/SF). For closed transactions executed in August 2026, realized lease agreements averaged $1,788/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 110 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 $1,788/mo, each day of vacancy costs $60/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 19 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, Toronto

Based on lease transactions tracked by FastScreen in August 2026 across 19 tracked condominium and apartment buildings in Downsview, realized rents by unit layout average:

Studio / Bachelor:$1,788/mo($3.25/SF · 550 SF)
-$96 vs Toronto avg
1-Bedroom:$1,466/mo($2.53/SF · 580 SF)
-$805 vs Toronto avg
1-Bedroom + Den:$1,591/mo($2.49/SF · 640 SF)
-$874 vs Toronto avg
2-Bedroom:$1,967/mo($2.31/SF · 850 SF)
-$1,080 vs Toronto avg
2-Bedroom + Den:$2,146/mo($2.28/SF · 940 SF)
-$1,178 vs Toronto avg
3-Bedroom+:$2,682/mo($2.27/SF · 1180 SF)
-$1,473 vs Toronto avg

Overall market leasing across all unit layouts averaged $1,788/month ($3.25/SF) with an average of 110 Days on Market. Active rental listings currently average $2,682/month ($3.06/SF) for an average unit size of 898 SF.