No. 1 City Centre I — Rental Market Data

No. 1 City Centre I carries three active listings as of August 31, 2026, with asking rents ranging from $2,400 to $2,700 per month, an average of $2,550, and a median of $2,550. Average suite size is 717 square feet at an asking rate of $3.56 per square foot, and 100 percent of available inventory is one-bedroom-plus-den layouts. The current mix leans toward compact entry-level executive suites rather than multi-bedroom family configurations, as no two- or three-bedroom units are on the market.

The dominant and sole active layout at No. 1 City Centre I is the one-bedroom-plus-den, accounting for all three listings and 100 percent of available inventory. This tier averages $2,550 per month across 717 square feet at $3.56 per square foot, with no other bedroom tiers currently listed. Renter choice is therefore limited to three den-equipped one-bedroom options within a narrow 650-to-750-square-foot footprint range.

No. 1 City Centre I offers active availability from $2,400 to $2,700 per month, a dollar spread of $300 and a percentage spread of 12.5 percent. The median asking rent sits at $2,550 per month, anchoring the mid-point of the range. The entry-level suite is a 650-square-foot one-bedroom-plus-den at $3.69 per square foot, while the peak listing is a 750-square-foot one-bedroom-plus-den at $3.60 per square foot, meaning the larger unit actually commands a slightly lower per-square-foot rate.

No. 1 City Centre I does not have a quantified den premium or square-footage delta isolable from current active listings, as all three available units already include a den within the one-bedroom-plus-den configuration. Marginal cost per square foot for additional den space therefore cannot be calculated from this sample. Parking stall premiums also cannot be reliably isolated from current listings due to insufficient paired data, and no verified historical parking benchmark exists in the lease record.

No. 1 City Centre I asks an average of $2,550 per month at $3.56 per square foot, compared to the Mississauga City Centre submarket asking benchmark of $2,771 per month and $3.64 per square foot. The building's asking rate is 2.2 percent below the submarket per-square-foot average, and the lower nominal rent is consistent with a modestly smaller average suite footprint of 717 square feet versus the submarket norm. No. 1 City Centre I represents three of the 242 active listings in the Mississauga City Centre submarket, or roughly 1.2 percent of total available inventory.

No. 1 City Centre I's all-time average lease rent of $2,388 per month runs $255 below the four-building comp average of $2,643, positioning it as the more affordable option in this immediate cluster. No. 1 City Centre II at 33 Elm Dr W leases at $2,468 per month ($3.33 per square foot, 750 sq ft), Edge Towers 2 at 30 Elm Dr W at $2,429 per month ($3.88 per square foot, 643 sq ft), The Towne II at 55 Elm Dr W at $2,600 per month ($2.89 per square foot, 928 sq ft), and Obelisk I at 3590 Kaneff Crescent at $3,075 per month ($2.52 per square foot, 1,225 sq ft). The subject building's 30-day lease average of $2,419 per month confirms that recent transactions are tracking just above the all-time figure while still undercutting every comp except Edge Towers 2 on a monthly-dollar basis.

No. 1 City Centre I leases at $3.27 per square foot for an average 733-square-foot suite, a rate that sits below the submarket leased benchmark of $3.55 per square foot and below the comp set average of $3.16 per square foot only when weighted by the larger Obelisk I and The Towne II footprints. Against No. 1 City Centre II (750 sq ft at $3.33/sf), the subject offers 17 fewer square feet at a $0.06 per square foot discount, a modest trade-off for marginally tighter interior space. Compared with Edge Towers 2 (643 sq ft at $3.88/sf), the subject provides 90 more square feet at a $0.61 per square foot discount, delivering meaningfully more living area for a lower per-foot rate. Against The Towne II (928 sq ft at $2.89/sf) and Obelisk I (1,225 sq ft at $2.52/sf), the subject trades at a premium of $0.38 and $0.75 per square foot respectively, but those older buildings carry 195 and 492 more square feet, so the total monthly outlay remains competitive for tenants prioritizing a newer building over maximum floor area.

No. 1 City Centre I delivers a resort-style amenity package that outperforms three of its four nearby competitors on key lifestyle features, particularly in wellness and convenience programming. The building's golf simulator is absent from Edge Towers 2, The Towne II, and Obelisk I, giving residents a private practice facility that only No. 1 City Centre II shares. Its indoor pool and hot tub & jacuzzi combination is unavailable at Edge Towers 2, which offers no aquatic amenities at all, and the in-building convenience store is missing from Edge Towers 2, The Towne II, and Obelisk I. The dedicated yoga studio is not found at Obelisk I, and the rooftop terrace paired with a garden & courtyard provides outdoor programming that Edge Towers 2's more compact amenity deck does not match. This full-service lifestyle package—golf simulator, indoor pool, jacuzzi, convenience store, and yoga studio under one roof—best serves young professionals and small families in Mississauga City Centre who want resort-calibre amenities without stepping outside their building for daily convenience.