Scarborough City Centre Rental Comps & Market Trends
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 3 tracked properties across Scarborough City Centre, Toronto.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Scarborough City Centre
Closed Leases
Transactions that closed in the Past 90 Days across Scarborough City Centre
Scarborough City Centre Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in Past 90 Days (expanded 90-day window).
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, Toronto.
| Action | |||||
|---|---|---|---|---|---|
1181 Ellesmere 1181 Ellesmere Road | $2,295/mo | $2.70/SF | 1lease | 0units | Comps |
1191 Ellesmere Road 1191 Ellesmere Road | $1,695(ask) | $3.13 (ask) | 0leases | 2units | Comps |
The Wilshire 1275 Markham Road E | $2,950(ask) | $2.27 (ask) | 0leases | 1unit | Comps |
1181 Ellesmere Road
1191 Ellesmere Road
1275 Markham Road E
Derived from verified closed lease contracts finalized during Past 90 Days across multi-residential buildings in Scarborough City Centre.
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.
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 Toronto, comprising 3 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 Toronto 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 $2,245/month ($2.81/SF), with an average leasing velocity of 15 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Scarborough City Centre trades at a 19% discount, reflecting local transit connectivity, tenant demand, and building amenity standards.
Currently across Scarborough City Centre's 3 tracked multi-family properties, there are 3 active rental listings with an average asking rent of $2,113/month ($2.84/SF). For closed transactions executed in Past 90 Days (expanded to rolling 90-day transactions for statistical reliability), realized lease agreements averaged $2,245/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 15 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 $2,245/mo, each day of vacancy costs $75/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 3 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.
Scarborough City Centre Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Scarborough City Centre, Toronto
Based on lease transactions tracked by FastScreen in Past 90 Days (expanded to rolling 90-day transactions) across 3 tracked condominium and apartment buildings in Scarborough City Centre, realized rents by unit layout average:
- Studio / Bachelor:$1,527/mo($3.32/SF · 460 SF)-$357 vs Toronto avg
- 1-Bedroom:$1,841/mo($3.17/SF · 580 SF)-$430 vs Toronto avg
- 1-Bedroom + Den:$1,998/mo($3.12/SF · 640 SF)-$467 vs Toronto avg
- 2-Bedroom:$2,245/mo($2.81/SF · 800 SF)-$802 vs Toronto avg
- 2-Bedroom + Den:$2,694/mo($2.87/SF · 940 SF)-$630 vs Toronto avg
- 3-Bedroom+:$3,368/mo($2.85/SF · 1180 SF)-$787 vs Toronto avg
Overall market leasing across all unit layouts averaged $2,245/month ($2.81/SF) with an average of 15 Days on Market. Active rental listings currently average $2,113/month ($2.84/SF) for an average unit size of 817 SF.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Scarborough City Centre