Condos for Rent in The Annex, Toronto, ON

Name: HOMEH Market Pulse — The Annex, Toronto closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Toronto

The Annex

cultural urban family-friendly diverse

The Annex is a vibrant neighborhood in Toronto known for its cultural diversity and lively atmosphere. It offers a mix of residential options and amenities, making it an attractive place to live.

High walkability score of 89 Strong community with 30% immigrants

Day to dayLivability

Walkability

out of 100 · averaged over 189 past and present listings

Average walk score reported on listings here

7.4

Schools near listings

out of 10 · averaged over 7,154 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$1,268,275

19% below Toronto 77% above Ontario

In The Annex

$1,268,275

In Toronto

$1,567,950

In Ontario

$717,000

Median monthly rent

$3,400/mo

19% above Toronto 36% above Ontario

In The Annex

$3,400

In Toronto

$2,850

In Ontario

$2,500

≈ 31.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

213

Median $1,268,275

Condos 164 · Houses 49

For rent

160

Median $3,400

Condos 111 · Houses 49

Recently sold

Recently leased

Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Close to public transit options
Rich cultural and social scene
Good schools with average rating of 7.4
Variety of grocery stores and cafes
Active lifestyle with many parks

Keep in mind

Higher than average rental prices
Homeownership rates are below 50%
Density may feel crowded

The feel of the placeLifestyle

Residents enjoy a lively urban lifestyle with easy access to amenities. The area is popular among students and young professionals.

Great for students young professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

2.8 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

116

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 2.8 km² of The Annex. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.8/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

Palmerston Avenue Junior Public School
Public · Grades JK–6 · Toronto DSB
8.5/10
175th of 3,045 Ontario elementary schools
360 students · EQAO 2024-2025
Jesse Ketchum Junior and Senior Public School
Public · Grades JK–8 · Toronto DSB
7.8/106.4 over 5 yrs
433rd of 3,045 Ontario elementary schools
535 students · EQAO 2024-2025
Huron Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.2/107.0 over 5 yrs
751st of 3,045 Ontario elementary schools
300 students · EQAO 2024-2025
Careerquest - Toronto
Independent
Not rated
City High School
Independent
Not rated
Dalton School, the
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside The Annex, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

30,705

Population (2021)

2.8 km²

Area

10,974

People per km²

42.3

Median age

$91,535

Median income

41%

Own their home

1.8

People per household

16,320

Households

Every age

Children (under 15)8.0%
Working age (15–64)70.2%
Seniors (65+)21.9%

What is built here

Detached houses3.8%
Semi-detached7.3%
Townhouses3.5%
Duplexes2.5%
Low-rise apartments27.7%
High-rise apartments54.5%
Other attached homes0.5%

Own or rent

41%Owners

59%Renters

Across 16,320 households

When it was built

Mostly 1960 or earlier

1960 or earlier40%
1961–198022%
1981–19908%
1991–20007%
2001–20055%
2006–20105%
2011–20155%
2016–20217%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

31%
Born outside Canada: 64.3%
Hold a degree or higher: 61.6%
Employment rate: 24.7%
Commute by transit: 37.7%
Commute by car: 1.5
Children per family: $77,178
Median income after tax: $187,032
Average household income: 14.4%
Living on a low income: $1,751/mo
Renters pay, per month: $1,987/mo
Owners pay, per month: $1,684,851
Median home value at census: 44.1%
Renters spending 30%+ of income on housing: 22.2%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 45 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in The Annex actually rent for

1,302 condos were leased in The Annex over the 12 months to September 2026. Half leased above $2,863 and half below, 0.6% higher than the 12 months before. A typical condo found its tenant in 19 days.

Median rent: $2,863; +0.6% year over year
Days to lease: 19; 1 day quicker
Leases closed: 1,302; last 12 months
Rent per square foot: $4.54/mo; from 1,003 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$4,641$3,780$2,920$2,060

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 11.3%

From 1,302 leases that closed here in the last 12 months.

Rent or buy in The Annex

24.9 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$854,011

257 sales

Median rent

$2,863/mo

1,302 leases

Gross rental yield

4.02%

before costs

Both figures come from deals that actually closed in The Annex over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — The Annex, rentals

Monthly closed leases in The Annex
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	104	$3,025	$2,500 – $4,275	14	100.0%
Aug 2026	148	$2,900	$2,538 – $3,525	14	100.0%
Jul 2026	196	$2,788	$2,400 – $3,700	16	100.0%
Jun 2026	163	$3,000	$2,490 – $3,650	21	100.0%
May 2026	131	$2,800	$2,325 – $3,600	19	100.0%
Apr 2026	120	$2,650	$2,300 – $3,450	18	100.0%
Mar 2026	116	$2,625	$2,300 – $3,300	22	100.0%
Feb 2026	62	$3,025	$2,375 – $3,700	26	100.0%
Jan 2026	72	$2,900	$2,500 – $3,738	23	100.0%
Dec 2025	61	$2,800	$2,395 – $3,700	18	100.0%
Nov 2025	54	$2,875	$2,456 – $4,263	25	100.0%
Oct 2025	75	$3,155	$2,475 – $3,975	15	100.0%
Sep 2025	100	$3,150	$2,550 – $4,463	19	100.0%
Aug 2025	196	$2,800	$2,450 – $3,713	16	100.0%
Jul 2025	230	$2,738	$2,400 – $3,600	18	100.0%
Jun 2025	175	$2,800	$2,425 – $3,600	19	100.0%
May 2025	156	$2,850	$2,350 – $3,763	18	100.0%
Apr 2025	155	$2,900	$2,500 – $3,500	20	100.0%
Mar 2025	106	$2,750	$2,350 – $3,438	21	100.0%
Feb 2025	63	$2,650	$2,325 – $3,210	25	100.0%
Jan 2025	64	$2,775	$2,450 – $3,319	22	100.0%
Dec 2024	56	$2,688	$2,399 – $3,200	32	100.0%
Nov 2024	76	$3,100	$2,700 – $4,325	23	100.0%
Oct 2024	61	$3,150	$2,600 – $3,800	20	100.0%
Sep 2024	76	$3,250	$2,619 – $4,250	19	100.0%
Aug 2024	195	$2,900	$2,500 – $3,600	36	100.0%
Jul 2024	156	$2,850	$2,450 – $3,500	31	100.0%
Jun 2024	119	$2,650	$2,400 – $3,613	45	100.0%
May 2024	133	$2,850	$2,400 – $3,500	42	100.0%
Apr 2024	90	$2,550	$2,350 – $3,273	42	100.0%
Mar 2024	48	$3,008	$2,238 – $3,825	39	100.0%
Feb 2024	42	$2,743	$2,525 – $3,475	41	100.0%
Jan 2024	46	$3,100	$2,625 – $3,750	29	100.0%
Dec 2023	42	$2,800	$2,500 – $3,900	29	100.0%
Nov 2023	42	$2,880	$2,600 – $3,500	24	100.0%
Oct 2023	42	$2,900	$2,700 – $3,500	17	100.0%

What people ask about The Annex

How much does a condo cost in The Annex?

Condos in The Annex sold for a median of $854,011 over the 12 months to September 2026, across 257 closed sales — half sold for more and half for less. That is 11.1% lower than the 12 months before it.

How long does it take to sell a condo in The Annex?

A condo in The Annex took a median of 41 days on the market over the 12 months to September 2026. Condos there closed at 95.4% of the asking price on average, with 7.4% selling over asking.

How much is rent for a condo in The Annex?

The median condo lease in The Annex closed at $2,863 a month over the 12 months to September 2026, across 1,302 leases.

Is it cheaper to rent or buy a condo in The Annex?

A condo in The Annex costs about 24.9 years of the rent on one — the median price of $854,011 against a median rent of $2,863 a month, a gross yield of 4.02%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in The Annex on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.