Aquavista at Bayside — Rental Market Data

Aquavista at Bayside has two active listings as of August 31, 2026, spanning a price range of $3,500 to $7,000 per month with an average and median asking rent of $5,250 per month. The average active suite measures 1,125 square feet at an asking rate of $4.67 per square foot. Both available units sit in the upper bedroom tiers—one two-bedroom and one three-bedroom-plus—so current inventory leans decisively toward larger, multi-bedroom executive layouts rather than compact entry-level suites.

The dominant active layout at Aquavista at Bayside is the two-bedroom tier, with one listing representing 50 percent of available inventory at an average asking rent of $3,500 per month across 750 square feet and a rate of $4.67 per square foot. The three-bedroom-plus tier holds the remaining 50 percent, with a single listing asking $7,000 per month for 1,500 square feet at the same $4.67 per square foot rate. No one-bedroom or studio units are currently on the market, and each bedroom tier consists of a single listing, so renters face zero redundancy in either category.

Aquavista at Bayside's active asking rents range from a minimum of $3,500 per month to a peak of $7,000 per month, producing a dollar spread of $3,500 and a percentage spread of 100 percent. The median asking rent sits at $5,250 per month. The entry-level option is a two-bedroom suite of 750 square feet asking $3,500 per month at $4.67 per square foot, while the peak listing is a three-bedroom-plus layout of 1,500 square feet asking $7,000 per month at the identical $4.67 per square foot rate.

Active den premiums at Aquavista at Bayside cannot be quantified from the current two-unit sample, as no paired den-versus-no-den comparison is available to isolate a reliable dollar delta or marginal cost per square foot. Active parking premiums likewise cannot be reliably isolated from the available data, as the paired sample is insufficient to produce a defensible figure. For reference, verified historical lease data indicates a parking stall add-on of $220 per month, though this reflects closed transactions rather than current active listings.

Aquavista at Bayside's active asking rent of $5,250 per month and rate of $4.67 per square foot compare to the East Bayfront submarket average asking rent of $3,234 per month and $4.65 per square foot, placing the building's rate per square foot just 0.4 percent above the submarket asking benchmark. The nominal rent gap of roughly $2,000 per month is explained entirely by suite size: Aquavista's active listings average 1,125 square feet versus the submarket's implied average asking suite of approximately 695 square feet, a difference of 430 square feet. The building's two active listings represent 2 out of 70 total available listings in the East Bayfront submarket, or roughly 2.9 percent of current market inventory.

Aquavista at Bayside's all-time average realized lease rent of $2,750 per month sits $958 below the four-comp benchmark of $3,708, with the gap driven primarily by the two larger-footprint Bayside towers. Aqualina at Bayside Toronto (15 Merchants' Wharf, 0.06 km) closed 14 leases averaging $2,796 per month at $4.43 per square foot over 647 square feet, placing the subject $46 lower in nominal rent. Aquabella at Bayside (118 Merchants' Wharf, 0.1 km) recorded 11 closed leases at $4,268 per month, $5.15 per square foot, and 917 square feet—$1,518 above the subject. Monde (12–16 Bonnycastle St, 0.15 km) transacted 25 leases averaging $2,606 per month at $4.09 per square foot over 647 square feet, meaning the subject commands $144 more per month. Aqualuna at Bayside (155 Merchants' Wharf, 0.24 km) closed 21 leases at $5,163 per month, $5.38 per square foot, and 1,116 square feet, a $2,413 premium over Aquavista. All four competitors posted active lease volume, so every figure above reflects realized transactions rather than asking prices.

Aquavista at Bayside leases at $4.85 per square foot over an average 588-square-foot suite, trading at a discount below the two larger Bayside towers while commanding a premium over the two smaller-footprint peers in this pocket. Against Aqualina at Bayside Toronto, the subject commands a $0.42 per square foot (9.5%) premium yet provides 59 fewer interior square feet; the $46 lower nominal rent is entirely a function of that reduced footprint rather than a rate concession. Versus Monde, the subject carries a $0.76 per square foot (18.6%) premium and again 59 fewer square feet, which more than offsets the smaller area to produce a $144 higher monthly rent. On the other side, Aquabella at Bayside charges $5.15 per square foot over 917 square feet, so the subject trades at a $0.30 per square foot (5.8%) discount and delivers 329 fewer square feet—both the lower rate and the smaller plan compound to a $1,518 rent gap. Aqualuna at Bayside, at $5.38 per square foot and 1,116 square feet, extends that pattern: the subject trades at a $0.53 per square foot (9.9%) discount with 528 fewer square feet, yielding a $2,413 lower monthly rent. In every pairing the subject's 588-square-foot average is the smallest in the set, so nominal rent differentials are driven as much by interior area as by per-square-foot valuation.

Aquavista at Bayside fields a 14-item amenity suite anchored by an outdoor pool, hot tub and jacuzzi, sauna and steam room, spin studio, yoga studio, rooftop terrace, and a dedicated cafe juice bar—a wellness-and-social package that distinguishes it from several nearby peers. The hot tub and jacuzzi plus the cafe juice bar are signature features absent from all four competitors, while Aqualina at Bayside Toronto adds a business centre, meeting room, library, and garden courtyard that Aquavista does not offer; Aquabella at Bayside differentiates with an indoor pool, on-site daycare, and parcel/grocery pickup room; Monde layers in a shuttle service, piano lounge, children's playground, and business centre; and Aqualuna at Bayside includes a garden courtyard and meeting room. The subject's package skews toward aquatic recreation, fitness programming, and casual social dining rather than remote-work infrastructure or family-oriented services. This lifestyle mix best serves young professionals and couples in the 25-to-40 bracket who prioritize pool access, structured fitness, and a turnkey social environment over co-working space or childcare provisions.