Market Wharf — Rental Market Data

Market Wharf has three active listings as of August 31, 2026, with asking rents ranging from $2,200 to $4,200 per month, an average of $3,400 per month, and a median of $3,800 per month. The average suite size across these three listings is 712 square feet at an asking rate of $4.91 per square foot. Each bedroom tier—1-Bedroom, 2-Bedroom, and 2-Bedroom + Den—holds exactly one unit, so the inventory is evenly split rather than skewed toward compact entry-level or multi-bedroom executive layouts.

No single layout dominates Market Wharf's active inventory, as each of the three available tiers holds exactly one unit at a 33.3 percent share. The one-bedroom listing asks $2,200 per month for 400 square feet at $5.50 per square foot, the two-bedroom asks $4,200 per month for 850 square feet at $4.94 per square foot, and the two-bedroom-plus-den asks $3,800 per month for 885 square feet at $4.29 per square foot. Because every tier is a single listing, renters cannot compare multiple options within the same bedroom category at this building.

Market Wharf's three active listings span a $2,000 spread from a $2,200 entry point to a $4,200 peak, a 90.9 percent range. The median asking rent is $3,800 per month, anchored by the two-bedroom-plus-den unit. The entry-level one-bedroom offers 400 square feet at $5.50 per square foot, while the peak two-bedroom provides 850 square feet at $4.94 per square foot, meaning the larger suite delivers a lower rate per square foot despite the higher absolute rent.

Market Wharf's active den premium and square-footage delta cannot be quantified from the current three-unit sample, as the two-bedroom-plus-den listing stands alone without a paired two-bedroom comparison at the same floor or amenity tier. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, so no specific monthly parking figure should be assumed. Historical lease data does confirm a verified parking premium of $249 per month, which serves as a reasonable reference point for budgeting.

Market Wharf's active asking average of $3,400 per month at $4.91 per square foot sits above the St. Lawrence submarket asking benchmark of $2,934 per month at $4.51 per square foot, a premium of 8.9 percent on a rate-per-square-foot basis. The higher nominal rent is partly explained by the larger average suite footprint of 712 square feet in active listings versus the submarket's typical offering, but the per-square-foot premium confirms that Market Wharf commands a pricing advantage over surrounding inventory. The building's three active units represent a small slice of the broader market, accounting for 3 out of 116 available listings in the St. Lawrence submarket.

Market Wharf's all-time average realized rent of $2,672 per month runs $16 above the four-comp benchmark of $2,656, placing the subject marginally ahead of the immediate peer set despite trading below each of the three active post-2020 towers. 75 On the Esplanade (2A Church St, 0.19 km, 27 closed leases) averages $2,800 per month at $4.79 per square foot across 609 square feet, meaning the subject's rent is $128 lower. Waterfront – Lighthouse Tower (15 Lower Jarvis St, 0.21 km, 40 closed leases) posts $2,793 per month at $4.77 per square foot over 610 square feet, a $121 gap in the subject's favour. Sugar Wharf – West Tower (55 Cooper St, 0.23 km, 68 closed leases) commands $2,837 per month at $4.51 per square foot across 654 square feet, leaving the subject $165 below that mark. Market Galleria (71 Front St E, 0.23 km) recorded just one closed lease at $2,195 per month and $3.99 per square foot over 550 square feet; with only a single transaction in the trailing 180 days, it offers no reliable realized-rent benchmark and serves solely as a historical pricing reference.

Market Wharf leases at $4.32 per square foot across an average 627-square-foot suite, a rate that undercuts the four-comp average of $4.52 per square foot while delivering a larger interior footprint than the two closest active towers. Against 75 On the Esplanade, the subject trades at a $0.47 per square foot (9.8%) discount and provides 18 more interior square feet, so the lower nominal rent of $128 per month is driven by a more competitive per-foot rate rather than a smaller unit. The same dynamic holds versus Waterfront – Lighthouse Tower, where the subject offers a $0.45 per square foot (9.4%) discount and 17 additional square feet, again making the $121 rent gap a rate effect, not a space sacrifice. Sugar Wharf – West Tower inverts the size equation: the subject trades at a $0.19 per square foot (4.2%) discount but provides 27 fewer interior square feet, so the $165 lower rent partly reflects a compact footprint alongside the rate advantage. Market Galleria, with its single closed lease at $3.99 per square foot and 550 square feet, sits below the subject on both rate and size, confirming that the 2013 building commands an $0.33 per square foot (8.3%) premium over the 1987 structure while offering 77 more square feet of interior space.

Market Wharf fields a ten-item amenity suite anchored by a sauna and steam room, yoga studio, gym, rooftop terrace, and meeting room, positioning it as a wellness-forward residential building that lacks the aquatic and recreational facilities found at every one of the three newer towers. The sauna and steam room is a genuine differentiator absent from 75 On the Esplanade, Waterfront – Lighthouse Tower, and Sugar Wharf – West Tower, giving the subject a quiet, recovery-oriented fitness theme that none of those peers replicate. Conversely, all three newer buildings offer pool access—outdoor at 75 On the Esplanade and Lighthouse Tower, indoor at Sugar Wharf—along with expanded sport courts, kids' play rooms, and (at Sugar Wharf) a pet wash station and business centre, none of which appear in Market Wharf's package. The building's lifestyle profile, pairing steam-room recovery with yoga and a gym without resort-style water features or family-oriented recreation spaces, best serves the 28-to-45 professional renter who prioritises a curated, low-drama wellness routine and a quieter residential atmosphere over the high-amenity, amenity-heavy experience the 2020-to-2024 cohort targets.