One Cole - West Building — Rental Market Data

One Cole - West Building features 1 active listing as of August 31, 2026, offering a price range of $2,500 to $2,500 per month with an average and median asking rent of $2,500 per month. The active inventory consists entirely of 1-bedroom plus den suites averaging 604 square feet at an asking rate of $4.14 per square foot, indicating that current supply leans exclusively toward compact executive layouts rather than multi-bedroom configurations.

The dominant active layout at One Cole - West Building is the 1-bedroom plus den, accounting for the single available listing and a 100% inventory share. This sole active tier averages $2,500 per month across 604 square feet at an asking rate of $4.14 per square foot. There are zero units currently available across all other bedroom tiers.

One Cole - West Building exhibits a minimum entry rent of $2,500 per month and a peak asking rent of $2,500 per month, resulting in a dollar spread of $0 and a percentage spread of 0%. The median asking rent matches this figure at $2,500 per month. The entry-level suite consists of a 1-bedroom plus den layout measuring 604 square feet priced at $4.14 per square foot using minimum asking metrics, which matches the peak suite configuration.

One Cole - West Building has active den premium data that is currently unquantified due to identical suite configurations. Parking premium data cannot be reliably isolated from current listings because of an insufficient paired sample, meaning active parking stall fees cannot be reliably evaluated.

One Cole - West Building asks an average monthly rent of $2,500 per month at $4.14 per square foot, comparing to the submarket asking benchmark of $2,636 per month at $4.36 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot tracks 5% below the submarket asking benchmark while representing a 0.5% share of total submarket inventory with 1 active listing out of 192 submarket units.

One Cole - West Building achieves an average lease rent of $2,350 per month, comparing moderately against the overall comp average of $2,254 per month across nearby key competitors including One Cole - East Building, Daniels on Parliament, and on Parliament. One Cole - East Building (25 Cole St) reports an average lease rent of $2,572 per month at $3.73 per square foot across an average of 703 square feet. Daniels on Parliament (10 Oak Street) records an average lease rent of $2,088 per month at $3.96 per square foot across an average of 538 square feet. Meanwhile, on Parliament (30 Dreamers Way) registers an average lease rent of $2,101 per month at $3.85 per square foot across an average of 557 square feet. Historical 282 Parliament Street carries no reported lease data for the past 180 days.

One Cole - West Building establishes its value proposition by offering an average leased rate of $3.62 per square foot across 650 square feet, presenting a competitive alternative to newer micro-suites and heavily priced high-rise peers in the Downtown East submarket. Renters evaluating One Cole - West Building weigh the benefits of a more generous 650-square-foot footprint against newer builds like Daniels on Parliament (averaging 538 square feet at $3.96 per square foot) and on Parliament (averaging 557 square feet at $3.85 per square foot), which command higher rates per square foot despite providing smaller interior layouts. While peer One Cole - East Building offers a larger average size of 703 square feet at $3.73 per square foot, One Cole - West Building successfully captures tenants seeking traditional apartment proportions, reliable 2010-era construction quality, and moderate absolute rent obligations relative to submarket asking benchmarks averaging $2,636 per month at $4.36 per square foot.

One Cole - West Building delivers an established lifestyle and amenity profile anchored by 10 core features: Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Media & Theatre Room, Games & Billiards Room, Rooftop Terrace, BBQ Area, Garden & Courtyard, and Wet Bar. When contrasted with nearby competitors, One Cole - West Building matches the foundational security and social offerings of One Cole - East Building while maintaining a more robust recreational package than historical properties like 282 Parliament Street, which is limited to a shared laundry room. Furthermore, while modern competitors like on Parliament introduce specialized additions such as a Yoga Studio, EV Charging Stations, and a Pet Wash Station, One Cole - West Building's traditional mix of fitness, media, and outdoor courtyard spaces continues to serve professionals and mature couples seeking functional, well-rounded building infrastructure.