Pinnacle Toronto East, at 3260 and 3270 Sheppard Avenue East, is a newly completed pair of 30-storey towers with about 796 suites. Many owners and buyers consider leasing a suite. Here's what to check before you do, and what Toronto's latest rent data says.
~796 suites in two 30-storey towers | 2025 year the building was completed |
$2,554 Toronto average asking rent, down 1.4% | 8.3% of a year's rent lost per vacant month |
The Building at a Glance
According to the building page, Pinnacle Toronto East was completed in 2025, with two towers, about 796 suites and 14 floor plans from 515 to 1,045 sq. ft. Amenities include an outdoor pool, hot tub, fitness centre, yoga studio, terrace with BBQ areas and 24-hour concierge. The condo corporation is TSCC 3192.
What the Rent Data Says
According to Rentals.ca and Urbanation data for September 2026, Toronto's average asking rent is $2,554, down 1.4% from a year ago. Nationally, condo apartment rents are down 7.8% year over year. Averages aren't the same as your unit, so compare current listings for similar suites in the building and nearby.
Landlord Checklist
- Know your carrying costs. Add mortgage payments, maintenance fees, property tax and insurance, then compare with realistic rent.
- Plan for vacancy. One empty month equals about 8.3% of a year's rent.
- Read the status certificate. It shows the reserve fund and any special assessments. Here's how to read a status certificate.
- Check the corporation's rules on leasing, moves and parking before you list.
- Get the right insurance. See what standard home insurance doesn't cover for landlords.
- Screen carefully. Here's the true cost of a bad tenant.
A Note on Rent Increases
According to Ontario.ca, new buildings first occupied after November 15, 2018 are exempt from rent control. Because Pinnacle Toronto East was completed in 2025, units there are generally in that category, but confirm the status of a specific unit with the Landlord and Tenant Board. Even where the guideline doesn't apply, written notice and the 12-month rule still matter, and the market sets practical limits.
More on Pinnacle Toronto East
- West Tower vs. East Tower
- The neighbourhood around the towers
- Move-in-ready condos at Sheppard & Warden
Sources: Rentals.ca National Rent Report, CBC via Yahoo News Canada, Mortgage Professional America and Ontario.ca.
Interested in Pinnacle Toronto East? Register here, call 647-259-8806 or email info@remaxpluscity.com.
This article is for general information only and is not legal, tax or financial advice. Building details come from the project page and may change. Confirm all details with the condo corporation and your lawyer.
