London on the Esplanade - West — Rental Market Data

London on the Esplanade - West has two active listings as of August 31, 2026, with asking rents ranging from $3,000 to $3,900 per month and an average and median rent of $3,450 per month. The combined average suite size is 800 square feet at an average asking rate of $4.36 per square foot. Both active units are two-bedroom configurations (one standard, one with den), meaning the current inventory leans toward mid-size family layouts rather than compact entry-level studios or one-bedroom suites that dominate the building's historical lease mix.

The dominant active layout at London on the Esplanade - West is split evenly between two tiers: one two-bedroom unit (50 percent share) and one two-bedroom-plus-den unit (50 percent share). The standard two-bedroom asks $3,000 per month for 650 square feet at $4.62 per square foot, while the den configuration commands $3,900 per month for 950 square feet at $4.11 per square foot. Both tiers represent single-listing samples, so renters should treat these as individual transactions rather than indicative of a broader pricing band.

London on the Esplanade - West shows a $900-per-month spread (30 percent) between its entry rent of $3,000 and peak asking rent of $3,900, with a median asking rent of $3,450 per month. The entry-level suite is a 650-square-foot two-bedroom priced at $4.62 per square foot, while the peak listing is a 950-square-foot two-bedroom-plus-den at $4.11 per square foot. The wider den suite actually carries a lower per-square-foot rate despite the higher nominal rent, reflecting the premium attached to the additional room configuration.

Den premiums and marginal per-square-foot costs for extra den space cannot be reliably quantified at London on the Esplanade - West, as the active sample contains only one den unit with no paired comparison. Parking stall premiums are likewise unquoted: the available data is flagged as an unreliable outlier or insufficient paired sample, and no verified monthly parking add-on can be isolated from the current listings.

London on the Esplanade - West's average asking rent of $3,450 per month exceeds the St. Lawrence submarket asking average of $2,934 by $516, while its $4.36-per-square-foot rate sits 3.3 percent below the submarket asking benchmark of $4.51 per square foot. The nominal rent premium is driven entirely by suite size: active units average 800 square feet versus the submarket implied average of 651 square feet, a 149-square-foot delta that accounts for the higher monthly figure. The building's two active listings represent just 2 out of 116 available units in the St. Lawrence submarket, or roughly 1.7 percent of total active inventory.

London on the Esplanade - West realized an average lease rent of $2,733 per month over its full lease history, sitting $265 below the four-comp benchmark of $2,998 and below every individual competitor in this immediate cluster. London on the Esplanade - East at 38 The Esplanade (0.03 km, 4 closed leases) averaged $3,081 per month at $4.13 per square foot across 750 square feet, placing the subject $348 lower on a monthly basis. The Esplanade at 25 The Esplanade (0.07 km, 9 closed leases) averaged $2,875 per month at $3.65 per square foot over 798 square feet, a $142 monthly gap. Backstage at 1 The Esplanade (0.13 km, 9 closed leases) realized $2,789 per month at $4.07 per square foot across 689 square feet, just $56 above the subject. L Tower at 8 The Esplanade (0.13 km, 30 closed leases) commanded the highest rent at $3,248 per month, $4.42 per square foot, and 767 square feet, leaving the subject $515 lower monthly. All four competitors recorded active closed lease transactions, so each provides a realized pricing reference rather than an architectural-only benchmark.

London on the Esplanade - West leases at $4.40 per square foot across an average 639-square-foot suite, a rate that exceeds the four-comp benchmark of $4.07 per square foot and the submarket leased average of $4.22 per square foot, while its smaller interior footprint keeps total monthly cost below every nearby active competitor. Against London on the Esplanade - East, the subject trades at a $0.27 per square foot (6.5%) premium yet provides 111 fewer interior square feet, meaning the $348 lower monthly rent is driven by reduced suite size rather than weaker asset valuation. The Esplanade shows an even steeper contrast: the subject commands a $0.75 per square foot (20.5%) premium over that 1989 building while delivering 159 fewer square feet, compressing the nominal gap to $142. Backstage presents the tightest spread—the subject carries a $0.33 per square foot (8.1%) premium with 50 fewer square feet, yielding only a $56 monthly difference. L Tower is the one comp where the subject trades at a $0.02 per square foot (0.5%) discount while also providing 128 fewer interior square feet, so the $515 lower rent reflects both a marginally lower unit rate and a smaller footprint working in tandem. In every case, the subject's lower nominal rent is a footprint effect, not a discount on per-square-foot value.

London on the Esplanade - West offers a 15-feature lifestyle package that includes an outdoor pool, hot tub and jacuzzi, sauna and steam room, yoga studio, gym, meeting room, media and theatre room, games and billiards room, library and reading room, BBQ area, rooftop terrace, garden and courtyard, party and lounge room, concierge and security, and a London-style pub—placing it at the upper end of this corridor's amenity spectrum. The subject's outdoor pool distinguishes it from L Tower (indoor pool only) and is absent from The Esplanade entirely, while the dedicated meeting room and library set it apart from Backstage and The Esplanade, neither of which offers either facility. The London-style pub is a signature differentiator with no direct equivalent in any of the four competitors. Conversely, L Tower provides a shared laundry room and dining room and kitchen that the subject lacks, and The Esplanade includes an outdoor children's playground not found in the subject's package. The Esplanade also offers a dining room and kitchen absent here. This amenity mix—anchored by aquatic recreation, wellness studios, remote-work infrastructure, and a social pub—best serves young professionals and small households in the St. Lawrence area who prioritize a full-service lifestyle building with social and fitness programming over family-oriented or utility-focused features.