May Tower — Rental Market Data

May Tower carries one active listing as of August 31, 2026, priced at $3,100 per month with both the average and median asking rent at that single point. The available suite spans 1,100 square feet at $2.82 per square foot, and the 100 percent layout share belongs to the 2-Bedroom + Den configuration. With only one unit on the market, inventory is concentrated in a single executive-level layout rather than offering a range of compact entry-level or multi-bedroom options.

The dominant active layout at May Tower is the 2-Bedroom + Den, representing 100 percent of current availability with one listing at an average asking rent of $3,100 per month. That single suite measures 1,100 square feet and carries a rate of $2.82 per square foot. No other bedroom tiers—studio, one-bedroom, or standard two-bedroom—currently show available units in the building's active inventory.

May Tower's active availability is concentrated in a single price point, with both the minimum and peak asking rent at $3,100 per month, producing a zero-dollar and zero-percent spread. The entry-level and peak suite are the same unit: a 2-Bedroom + Den of 1,100 square feet priced at $2.82 per square foot. Prospective renters therefore face no price-range flexibility within the building's current listings.

May Tower's active den premium and the associated square-footage delta cannot be quantified from the current single-listing sample, as no paired den-versus-no-den comparison exists in the active inventory. Marginal cost per square foot for the den space remains uncalculated for the same reason. Parking stall costs also cannot be reliably isolated from current listings, and historical lease data does not provide a verified parking premium benchmark for this building.

May Tower's asking rent of $3,100 per month exceeds the Scarborough City Centre submarket average asking rent of $2,495 per month, yet the building's rate of $2.82 per square foot trails the submarket benchmark of $3.34 per square foot by 15.6 percent. The higher nominal outlay is driven entirely by the 1,100-square-foot suite footprint rather than a premium unit price, making the per-square-foot cost more competitive than the surrounding market. May Tower's single active listing represents approximately 1.4 percent of the 74 total active listings across the Scarborough City Centre submarket.

May Tower's all-time average lease rent of $2,588 per month sits $229 above the four-comparable average of $2,359, yet the spread narrows considerably once square footage is factored in. May Tower II at 11 Lee Centre Dr (0.06 km) closed leases averaging $2,429 per month at $3.15 per square foot across 777 square feet of space, a $159-per-month premium over the subject on a rent basis. Ellipse II at 38 Lee Centre Dr (0.12 km) recorded an average lease of $2,283 per month at $3.30 per square foot in 708-square-foot suites, $305 below the subject's realized rent. Ellipse I at 36 Lee Centre Dr (0.16 km) showed a similar profile at $2,241 per month, $3.30 per square foot, and 691 square feet, a $347-per-month gap. Hillsborough Court II at 8 Lee Centre Dr (0.18 km) posted the highest comp rent at $2,483 per month but in the largest suites at 826 square feet and the lowest per-foot rate of $3.10, only $105 above the subject. Across all four competitors, May Tower's higher absolute rent is offset by its larger suite sizes and lower per-square-foot pricing.

May Tower delivers a value proposition anchored in space efficiency: at an average leased rate of $2.96 per square foot across 875 square feet, the building undercuts every nearby comparable on a per-foot basis while offering the largest interior footprint in the cluster. Against May Tower II, tenants gain 98 additional square feet at a $0.19-per-square-foot discount ($2.96 versus $3.15). Compared with Ellipse II, the subject provides 167 more square feet at a $0.34-per-square-foot savings ($2.96 versus $3.30), and against Ellipse I the advantage widens to 184 extra square feet at the same $0.34-per-foot discount. Hillsborough Court II, the closest in size at 826 square feet, still costs $0.14 more per square foot ($3.10 versus $2.96) while offering 49 fewer square feet. The trade-off for a renter choosing May Tower is straightforward: you pay a modestly higher monthly total than the Ellipse buildings but receive 15 to 27 percent more living space at a lower cost per foot, a combination that particularly benefits tenants who prioritize square footage over the lowest possible headline rent.

May Tower's amenity package is competitive within the Lee Centre cluster but differentiates on family-oriented and active-lifestyle features that several nearby competitors lack. The building's indoor basketball court is absent from both Ellipse I and Ellipse II, giving May Tower a distinct edge for tenants who want on-site sports without leaving the building. The dedicated indoor kids' play room is similarly missing at both Ellipse properties, making May Tower the stronger choice for households with young children. The landscaped garden and courtyard at May Tower are not offered at either Ellipse building, adding an outdoor common-space element that the 2004-era competitors do not match. On the other hand, May Tower does not include the squash and racquetball courts found at May Tower II and Hillsborough Court II, nor the rooftop terrace and outdoor children's playground at May Tower II, nor the media and theatre room at the Ellipse pair. Tenants who prioritize a full indoor pool, hot tub, sauna, gym, basketball court, and a dedicated kids' play space in a larger suite at a lower per-square-foot rate will find May Tower the best fit—particularly young families and active professionals in Scarborough City Centre who value space and family programming over racquet sports or rooftop entertaining.