Parade 1 - South Tower — Rental Market Data

Parade 1 - South Tower features 5 active listings as of August 31, 2026, with a price range of $2,485 to $5,900 per month, an average asking rent of $4,167 per month, and a median asking rent of $4,000 per month. Active suites average 960 square feet with an average asking rate of $4.34 per square foot. Two-bedroom configurations dominate the current inventory at a 40 percent share, skewing active listings toward multi-bedroom footprints rather than compact entry-level suites.

The dominant active layout in Parade 1 - South Tower is the 2-Bedroom tier, accounting for 2 active listings and a 40 percent inventory share with an average asking rent of $4,425 per month across an average of 925 square feet at $4.65 per square foot. The 1-Bedroom + Den tier comprises 1 listing representing a 20 percent share, asking $2,485 per month across 550 square feet at $4.52 per square foot. Additionally, the 2-Bedroom + Den and 3-Bedroom+ tiers each hold 1 listing at a 20 percent share, asking $4,000 per month across 1,100 square feet at $3.64 per square foot, and $5,500 per month across 1,300 square feet at $4.23 per square foot, respectively.

Parade 1 - South Tower displays a minimum entry rent of $2,485 per month and a peak asking rent of $5,900 per month, creating a dollar spread of $3,415 per month and a percentage spread of 137.4 percent. The median asking rent stands at $4,000 per month. The entry-level suite consists of a 1-Bedroom + Den layout offering 550 square feet at an asking rate of $4.52 per square foot, whereas the peak suite features a larger layout reaching 1,100 to 1,300 square feet at higher absolute monthly price points.

Parade 1 - South Tower has active den premium dollar amounts and square footage deltas that are currently unquantified due to insufficient sample size. Den marginal cost per square foot cannot be isolated from the available dataset. Active parking stall premiums cannot be reliably isolated from current listings as the sample is an unreliable outlier.

Parade 1 - South Tower asks an average rent of $4,167 per month at $4.34 per square foot, comparing against the CityPlace / Fort York submarket asking benchmark of $3,101 per month at $4.58 per square foot. The higher nominal rent at the building is driven by larger suite sizing rather than inflated unit pricing. The building asking rate of $4.34 per square foot sits 5.2 percent below the submarket asking benchmark while representing 3.4 percent of active submarket inventory.

Parade 1 - South Tower achieves an average lease rent of $2,811 per month, aligning closely with the overall competitive benchmark average of $2,722 per month across the immediate CityPlace / Fort York micro-market. Luna Vista at 25 Capreol Crt records an average lease rent of $2,854 per month at $4.01 per square foot across an average of 724 square feet. Parade 1 - North Tower at 15 Iceboat Terr averages $2,556 per month at $4.25 per square foot across an average of 617 square feet. Luna at Cityplace - Podium, LTD & Villas at 8 Telegram Mews logs an average lease rent of $2,981 per month at $3.89 per square foot across 778 square feet. Finally, Parade 2 - North Tower at 21 Iceboat Terr reports an average lease rent of $2,495 per month at $3.96 per square foot across 638 square feet.

Parade 1 - South Tower delivers a compelling value proposition by trading at $3.81 per square foot across an average suite size of 749 square feet, undercutting the submarket asking benchmark of $4.58 per square foot and offering a more competitive rate per square foot than several adjacent properties. Renters at Parade 1 - South Tower benefit from larger average layouts compared to compact alternatives like Parade 1 - North Tower (averaging 617 square feet at $4.25 per square foot) and Parade 2 - North Tower (averaging 638 square feet at $3.96 per square foot). While buildings like Luna at Cityplace offer slightly larger footprints averaging 778 square feet at $3.89 per square foot, Parade 1 - South Tower successfully balances generous interior space with lower overall rate pressure, allowing residents to secure functional floor plans without paying top-tier micro-condo pricing.

Parade 1 - South Tower provides an extensive, resort-grade amenity package that matches or exceeds the offerings of its immediate Concord Adex peers in CityPlace. Residents enjoy signature lifestyle features including a concierge and security service, a shared laundry room, a car wash bay, a gym and fitness centre, a yoga studio, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a squash and racquetball court, a party and lounge room, a meeting room, a media and theatre room, a games and billiards room, a BBQ area, a rooftop terrace, a garden and courtyard, an indoor kids' play room, a pet wash station, and a nail salon and spa. When contrasted with nearby competitors such as Luna Vista at 25 Capreol Crt, Parade 1 - North Tower at 15 Iceboat Terr, and Parade 2 - North Tower at 21 Iceboat Terr, Parade 1 - South Tower matches their core indoor pools, fitness facilities, and squash courts while providing distinct lifestyle conveniences like an on-site pet wash station and dedicated yoga and spa spaces. This robust amenity ecosystem particularly serves young professionals and urban pet owners seeking comprehensive on-site wellness and leisure conveniences within a central downtown node.