Dragon Condos — Rental Market Data

Dragon Condos has three units actively listed as of August 31, 2026, spanning an asking range of $2,100 to $4,200 per month with an average of $2,883 and a median of $2,350. The active inventory averages 683 square feet at $4.15 per square foot, with 1-Bedroom + Den suites comprising 66.7 percent of available listings. The current pool skews toward compact entry-level configurations, as the two-bedroom-plus-den units dominate the mix and the only multi-bedroom option is a single 3-Bedroom+ listing.

The dominant active layout at Dragon Condos is the 1-Bedroom + Den, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,225 per month across 600 square feet and a rate of $3.75 per square foot. The remaining tier is a single 3-Bedroom+ unit listed at $4,200 per month for 850 square feet at $4.94 per square foot, making it a one-of-a-kind offering with no direct comparable in the current pool.

Dragon Condos active listings span from a minimum entry rent of $2,100 per month to a peak asking rent of $4,200 per month, producing a dollar spread of $2,100 and a percentage spread of 100 percent. The median asking rent sits at $2,350 per month. The entry-level suite is a 1-Bedroom + Den at 650 square feet priced at $3.23 per square foot, while the peak listing is a 3-Bedroom+ unit at 850 square feet carrying a rate of $4.94 per square foot.

Dragon Condos active den premiums and square-footage deltas cannot be reliably quantified from the current paired sample, so no marginal cost per square foot for additional den space can be stated. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample or anomalous outlier data, and no specific monthly parking fee should be assumed for budgeting purposes.

Dragon Condos active asking rent of $2,883 per month and rate of $4.15 per square foot both trail the Downtown West submarket benchmarks of $3,080 per month and $4.81 per square foot, placing the building 13.7 percent below the submarket asking rate on a per-square-foot basis. The nominal rent gap narrows when accounting for suite size: active listings average 683 square feet, which is larger than the 603 square feet recorded in historical leases, meaning tenants are paying more total dollars for more space rather than accepting a compact footprint. Dragon Condos accounts for 3 out of 170 available listings in the Downtown West submarket, representing roughly 1.8 percent of the active inventory pool.

Dragon Condos' all-time average realized lease rent of $2,125 per month sits $1,180 below the four-building comp-set average of $3,305, with the gap widening or narrowing depending on which active peer you benchmark against. SQ2 at Alexandra Park (80 Vanauley Street, 0.27 km away) closed 8 leases at an average of $3,375 per month, $4.19 per square foot, and 812 square feet, placing the subject $1,250 lower on a monthly basis. Kingscourt (188 Spadina Avenue, 0.29 km) recorded one closed lease at $3,850 per month, $2.57 per square foot, and 1,500 square feet, making the subject $1,725 lower in nominal rent despite a far smaller footprint. MRKT Alexandra Park (115 Denison Avenue, 0.31 km) closed 5 leases averaging $2,690 per month, $4.04 per square foot, and 670 square feet, leaving the subject $565 below that mark. Chinatown Centre (222 Spadina Avenue, 0.17 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent figure to benchmark against.

Dragon Condos delivers its 603-square-foot average suite at $3.53 per square foot, a rate that trades at a discount below both SQ2 at Alexandra Park ($4.19 per square foot) and MRKT Alexandra Park ($4.04 per square foot) while commanding a premium over Kingscourt ($2.57 per square foot), all against a submarket leased benchmark of $4.55 per square foot. Against SQ2 at Alexandra Park, the subject offers 209 fewer interior square feet and a $0.66-per-square-foot (15.8 percent) discount, meaning the $1,250 monthly rent gap is driven by both a smaller footprint and a lower per-square-foot rate rather than by weaker asset positioning. Against Kingscourt, the subject provides 897 fewer interior square feet yet commands a $0.96-per-square-foot (37.4 percent) premium, so the $1,725 lower nominal rent is entirely a function of the dramatically smaller suite size, not a lower valuation per unit of space. Against MRKT Alexandra Park, the subject gives up 67 fewer square feet and trades at a $0.51-per-square-foot (12.6 percent) discount, producing the smallest monthly gap at $565. In every active comparison the subject's lower headline rent reflects a compact 603-square-foot layout; on a per-square-foot basis the building holds its own or outperforms its peers, particularly against the 1986-era Kingscourt tower.

Dragon Condos fields a nine-item amenity suite that includes a dedicated meeting room, yoga studio, and media/theatre room—features absent from at least two of its three active competitors—while forgoing the aquatic and spa programming that defines its closest rivals. SQ2 at Alexandra Park layers on a hot tub, sauna/steam room, spa lounge, dining room, games room, and shared laundry that Dragon Condos does not offer, though the subject's meeting room is a remote-work asset SQ2 lacks. Kingscourt counters with an indoor pool, sauna/steam room, hot tub, and games/billiards room; in return, Dragon Condos provides a yoga studio, media/theatre room, and BBQ area that the 1986 tower does not list. MRKT Alexandra Park differentiates with an outdoor pool, dining room, kids' play room, and pet wash station, none of which appear in the Dragon Condos package, while the subject's yoga studio, meeting room, and media/theatre room are absent from MRKT's roster. The net effect is a lifestyle package oriented toward fitness, focused work, and small-group social use rather than aquatic recreation or family-oriented programming, making Dragon Condos best suited to young professionals and remote workers who prioritize a gym, yoga space, and meeting room over pools, saunas, or dedicated children's facilities.