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

Based on lease transactions tracked by FastScreen in August 2026 across 27 tracked condominium and apartment buildings in Scarborough North, realized rents by unit layout average: • Studio / Bachelor: $1,751/month ($3.81/SF · 460 SF) · -$133 (-7.1%) vs Toronto avg • 1-Bedroom: $2,042/month ($3.61/SF · 567 SF) · -$229 (-10.1%) vs Toronto avg • 1-Bedroom + Den: $2,315/month ($3.88/SF · 600 SF) · -$150 (-6.1%) vs Toronto avg • 2-Bedroom: $2,461/month ($2.75/SF · 900 SF) · -$586 (-19.2%) vs Toronto avg • 2-Bedroom + Den: $3,090/month ($3.29/SF · 940 SF) · -$234 (-7.0%) vs Toronto avg • 3-Bedroom+: $2,966/month ($3.38/SF · 1016 SF) · -$1,189 (-28.6%) vs Toronto avg Overall market leasing across all unit layouts averaged $2,575/month ($3.42/SF), with an average of 33 Days on Market. Active rental listings currently average $2,525/month ($2.91/SF) for an average unit size of 890 SF.

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

In Scarborough North, Newhaven Condos represents a top-tier premium building with an average lease rate of $2,950/month ($2.27/SF). Conversely, Pinnacle Toronto East offers more accessible pricing, averaging $1,890/month ($3.44/SF). Pricing varies based on building vintage, interior finishes, suite square footage, and amenity offerings.

What are the postal code FSAs for Scarborough North?

FastScreen tracks verified condominium and apartment listings and closed lease transactions across Scarborough North's primary postal code Forward Sortation Areas (FSAs): L3R, M1P, M1S, M1T, M1V, M1W, M3A. These postal districts encompass 27 tracked multi-family properties throughout Toronto.

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

The average Days on Market (DOM) for realized leases in Scarborough North is 33 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 North to avoid vacancy loss?

Landlords in Scarborough North should benchmark initial asking rents against verified 30-day closed lease comps rather than peak active listings. At an average rent of $2,575/month, each day of vacancy costs $86 in lost gross revenue. Overpricing a suite by $100/month and sitting vacant for 30 additional days costs $2,575, which takes 26 months of collecting that higher rent just to break even.

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

When marketing a condominium or apartment rental in Scarborough North, 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

Scarborough North Rental Comps & Market Trends

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

Access granular residential building comps, verified lease benchmarks, and real-time inventory for 27 tracked properties across Scarborough North, Toronto.

Postal Codes Covered:L3R, M1P, M1S, M1T, M1V, M1W, M3A

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Scarborough North

Active Listings

13units

Across 27 buildings

Average Asking Rent

$2,525/mo

+1.2% Asking Trend

Average Unit Size

890SF

Asking layout average

Average Asking / SF

$2.91/SF

Current asking rate

Average Days on Market

32days

Active listing age

Closed Leases

Transactions that closed in August 2026 across Scarborough North

Units Leased

13closed

Executed transactions

Average Leased Rent

$2,575/mo

+8.7% MoM Delta

Average Leased SF

830SF

Executed size average

Average Leased / SF

$3.42/SF

Realized per-foot rate

Average Days on Market

33days

Days to execute lease

Scarborough North Rental Rates by Unit Layout

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

Studio / Bachelor

$1,751/mo

$3.81/SF · 460 SF

-$133 vs Toronto

1-Bedroom

$2,042/mo

$3.61/SF · 567 SF

-$229 vs Toronto

1-Bedroom + Den

$2,315/mo

$3.88/SF · 600 SF

-$150 vs Toronto

2-Bedroom

$2,461/mo

$2.75/SF · 900 SF

-$586 vs Toronto

2-Bedroom + Den

$3,090/mo

$3.29/SF · 940 SF

-$234 vs Toronto

3-Bedroom+

$2,966/mo

$3.38/SF · 1016 SF

-$1,189 vs Toronto

Scarborough North Tracked Buildings & Lease Comps

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

							Action
Garden Series Condos 2 3429 Sheppard Avenue E	$2,583/mo	$3.37/SF	4leases	41days	2units	295suites	Comps
Everworth 3030 Pharmacy Avenue	$2,938/mo	$2.97/SF	2leases	56days	2units	303suites	Comps
Residences of York Valley 1360 York Mills Road	$2,300/mo	$2.42/SF	1lease	58days	1unit	374suites	Comps
Newhaven Condos 2050 Bridletowne Circle	$2,950/mo	$2.27/SF	1lease	10days	1unit	237suites	Comps
Corinthian Towers 2550 Pharmacy Avenue	$2,200/mo	$2.93/SF	1lease	17days	1unit	236suites	Comps
Oaktree Estates 1250 Bridletowne Circle	$2,450/mo	$2.58/SF	1lease	10days	1unit	184suites	Comps
5 Glamorgan 5 Glamorgan Avenue	$1,950/mo	$3.25/SF	1lease	7days	1unit	140suites	Comps
Toronto East 3270 Sheppard Avenue E	$2,075/mo	$3.77/SF	1lease	4days	0units	796suites	Comps
Pinnacle Toronto East 3249 Sheppard Ave E	$1,890/mo	$3.44/SF	1lease	13days	0units	788suites	Comps
Sheppard Garden Condos 3421 Sheppard Avenue E	$2,350/mo	$3.62/SF	1lease	29days	0units	416suites	Comps
1350 York Mills 1350 York Mills Road	$2,600/mo	$3.06/SF	1lease	23days	0units	374suites	Comps
The Garden Series On Sheppard 3427 Sheppard Avenue	$2,643/mo	$2.40/SF	1lease	44days	0units	352suites	Comps
4091-4101 Sheppard Avenue East Condos 4091 Sheppard Avenue E	$2,790/mo	$2.54/SF	1lease	11days	0units	326suites	Comps
Platinum East 80 Alton Towers Circle	$2,600/mo	$2.36/SF	1lease	35days	0units	266suites	Comps
The Copenhagen Condos 1112 Glamorgan Avenue	$2,250/mo	$3.00/SF	1lease	93days	0units	183suites	Comps
270 Palmdale Condos 270 Palmdale Drive	$2,500/mo	$2.27/SF	1lease	17days	0units	170suites	Comps
1701, 1703, 1705 Mccowan Condos 1705 McCowan Road	$2,250/mo	$2.05/SF	1lease	77days	0units	152suites	Comps
1701, 1703, 1705 Mccowan Condos 1701 McCowan Road	$2,850/mo	$7.13/SF	1lease	37days	0units	152suites	Comps
3765 Sheppard Townhouses 3765 Sheppard Avenue E	$2,700/mo	$2.45/SF	1lease	28days	0units	61suites	Comps
Pinnacle Toronto East 3260 Sheppard Avenue	$2,500(ask)	$3.17 (ask)	0leases	—	2units	796suites	Comps
Dorset Towers 1950 Kennedy Road	$2,250(ask)	$2.65 (ask)	0leases	—	2units	190suites	Comps
4091-4101 Sheppard East Condos 4101 Sheppard Avenue E	—	—	0leases	—	0units	326suites	Comps
1701, 1703, 1705 Mccowan Condos 1703 McCowan Road	—	—	0leases	—	0units	152suites	Comps
10 Stonehill Court Condos 10 Stonehill Court	—	—	0leases	—	0units	149suites	Comps
Fairmont Place 2721 Victoria Park Avenue	—	—	0leases	—	0units	88suites	Comps
1200 Bridletowne Circle Condos 1200 Bridletowne Circle	—	—	0leases	—	0units	55suites	Comps
4101 Steeles Avenue E 4101 Steeles Avenue E	—	—	0leases	—	0units	—	Comps

Garden Series Condos 2

3429 Sheppard Avenue E

$2,583

avg leased

Leased $/SF: $3.37/SF

Days on Market: 41d

Closed Leases: 4

Active Supply: 2 units

295 Total SuitesBuilding Comps

Everworth

3030 Pharmacy Avenue

$2,938

avg leased

Leased $/SF: $2.97/SF

Days on Market: 56d

Closed Leases: 2

Active Supply: 2 units

303 Total SuitesBuilding Comps

Residences of York Valley

1360 York Mills Road

$2,300

avg leased

Leased $/SF: $2.42/SF

Days on Market: 58d

Closed Leases: 1

Active Supply: 1 units

374 Total SuitesBuilding Comps

Newhaven Condos

2050 Bridletowne Circle

$2,950

avg leased

Leased $/SF: $2.27/SF

Days on Market: 10d

Closed Leases: 1

Active Supply: 1 units

237 Total SuitesBuilding Comps

Corinthian Towers

2550 Pharmacy Avenue

$2,200

avg leased

Leased $/SF: $2.93/SF

Days on Market: 17d

Closed Leases: 1

Active Supply: 1 units

236 Total SuitesBuilding Comps

Oaktree Estates

1250 Bridletowne Circle

$2,450

avg leased

Leased $/SF: $2.58/SF

Days on Market: 10d

Closed Leases: 1

Active Supply: 1 units

184 Total SuitesBuilding Comps

5 Glamorgan

5 Glamorgan Avenue

$1,950

avg leased

Leased $/SF: $3.25/SF

Days on Market: 7d

Closed Leases: 1

Active Supply: 1 units

140 Total SuitesBuilding Comps

Toronto East

3270 Sheppard Avenue E

$2,075

avg leased

Leased $/SF: $3.77/SF

Days on Market: 4d

Closed Leases: 1

Active Supply: 0 units

796 Total SuitesBuilding Comps

Pinnacle Toronto East

3249 Sheppard Ave E

$1,890

avg leased

Leased $/SF: $3.44/SF

Days on Market: 13d

Closed Leases: 1

Active Supply: 0 units

788 Total SuitesBuilding Comps

Sheppard Garden Condos

3421 Sheppard Avenue E

$2,350

avg leased

Leased $/SF: $3.62/SF

Days on Market: 29d

Closed Leases: 1

Active Supply: 0 units

416 Total SuitesBuilding Comps

1350 York Mills

1350 York Mills Road

$2,600

avg leased

Leased $/SF: $3.06/SF

Days on Market: 23d

Closed Leases: 1

Active Supply: 0 units

374 Total SuitesBuilding Comps

The Garden Series On Sheppard

3427 Sheppard Avenue

$2,643

avg leased

Leased $/SF: $2.40/SF

Days on Market: 44d

Closed Leases: 1

Active Supply: 0 units

352 Total SuitesBuilding Comps

4091-4101 Sheppard Avenue East Condos

4091 Sheppard Avenue E

$2,790

avg leased

Leased $/SF: $2.54/SF

Days on Market: 11d

Closed Leases: 1

Active Supply: 0 units

326 Total SuitesBuilding Comps

Platinum East

80 Alton Towers Circle

$2,600

avg leased

Leased $/SF: $2.36/SF

Days on Market: 35d

Closed Leases: 1

Active Supply: 0 units

266 Total SuitesBuilding Comps

The Copenhagen Condos

1112 Glamorgan Avenue

$2,250

avg leased

Leased $/SF: $3.00/SF

Days on Market: 93d

Closed Leases: 1

Active Supply: 0 units

183 Total SuitesBuilding Comps

270 Palmdale Condos

270 Palmdale Drive

$2,500

avg leased

Leased $/SF: $2.27/SF

Days on Market: 17d

Closed Leases: 1

Active Supply: 0 units

170 Total SuitesBuilding Comps

1701, 1703, 1705 Mccowan Condos

1705 McCowan Road

$2,250

avg leased

Leased $/SF: $2.05/SF

Days on Market: 77d

Closed Leases: 1

Active Supply: 0 units

152 Total SuitesBuilding Comps

1701, 1703, 1705 Mccowan Condos

1701 McCowan Road

$2,850

avg leased

Leased $/SF: $7.13/SF

Days on Market: 37d

Closed Leases: 1

Active Supply: 0 units

152 Total SuitesBuilding Comps

3765 Sheppard Townhouses

3765 Sheppard Avenue E

$2,700

avg leased

Leased $/SF: $2.45/SF

Days on Market: 28d

Closed Leases: 1

Active Supply: 0 units

61 Total SuitesBuilding Comps

Pinnacle Toronto East

3260 Sheppard Avenue

$2,500

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 2 units

796 Total SuitesBuilding Comps

Dorset Towers

1950 Kennedy Road

$2,250

avg asking

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 2 units

190 Total SuitesBuilding Comps

4091-4101 Sheppard East Condos

4101 Sheppard Avenue E

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

326 Total SuitesBuilding Comps

1701, 1703, 1705 Mccowan Condos

1703 McCowan Road

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

152 Total SuitesBuilding Comps

10 Stonehill Court Condos

10 Stonehill Court

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

149 Total SuitesBuilding Comps

Fairmont Place

2721 Victoria Park Avenue

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

88 Total SuitesBuilding Comps

1200 Bridletowne Circle Condos

1200 Bridletowne Circle

Comps pending

Leased $/SF: —

Days on Market: —

Closed Leases: 0

Active Supply: 0 units

55 Total SuitesBuilding Comps

4101 Steeles Avenue E

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 Scarborough North.

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 North Rental Market Dynamics & Local Yield Trends

Comprehensive Residential Market & Yield Overview for Scarborough North

Scarborough North is an established residential submarket within Toronto, comprising 27 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 North 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 North 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 North is currently $2,575/month ($3.42/SF), with an average leasing velocity of 33 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), Scarborough North trades at a 7% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Pinnacle Toronto East ($1,890/mo) to Newhaven Condos ($2,950/mo).

Currently across Scarborough North's 27 tracked multi-family properties, there are 13 active rental listings with an average asking rent of $2,525/month ($2.91/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,575/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 North to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 33 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 $2,575/mo, each day of vacancy costs $86/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 North to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across Scarborough North's 27 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.

Frequently Asked Questions

Scarborough North Rental Market & Leasing FAQs

Essential insights for tenants, property owners, and real estate professionals navigating Scarborough North, Toronto

Based on lease transactions tracked by FastScreen in August 2026 across 27 tracked condominium and apartment buildings in Scarborough North, realized rents by unit layout average:

Studio / Bachelor:$1,751/mo($3.81/SF · 460 SF)
-$133 vs Toronto avg
1-Bedroom:$2,042/mo($3.61/SF · 567 SF)
-$229 vs Toronto avg
1-Bedroom + Den:$2,315/mo($3.88/SF · 600 SF)
-$150 vs Toronto avg
2-Bedroom:$2,461/mo($2.75/SF · 900 SF)
-$586 vs Toronto avg
2-Bedroom + Den:$3,090/mo($3.29/SF · 940 SF)
-$234 vs Toronto avg
3-Bedroom+:$2,966/mo($3.38/SF · 1016 SF)
-$1,189 vs Toronto avg

Overall market leasing across all unit layouts averaged $2,575/month ($3.42/SF) with an average of 33 Days on Market. Active rental listings currently average $2,525/month ($2.91/SF) for an average unit size of 890 SF.