Sapphire Condos - Building 2 — Rental Market Data

Sapphire Condos – Building 2 has seven active listings as of August 31, 2026, with asking rents ranging from $1,850 to $2,995 per month, an average of $2,391 and a median of $2,200. The mean suite size across active inventory is 750 square feet at an average asking rate of $3.32 per square foot. One-bedroom units account for 42.9 percent of available listings, while two-bedroom and two-bedroom-plus-den suites split the remaining 57.1 percent evenly, indicating a balanced tilt between compact entry-level and multi-bedroom executive layouts rather than a concentration in either extreme.

The dominant active layout at Sapphire Condos – Building 2 is the one-bedroom, with three units representing 42.9 percent of available inventory at an average asking rent of $1,967 per month across 550 square feet and a rate of $3.59 per square foot. Two-bedroom suites number two (28.6 percent) at an average of $2,425 per month over 799 square feet at $3.03 per square foot, while the two-bedroom-plus-den tier also holds two units (28.6 percent) averaging $2,995 per month across 900 square feet at $3.33 per square foot. No tier is a single-listing scarcity; each offers a small selection of at least two options.

Sapphire Condos – Building 2 shows an active asking spread of $1,145, or 61.9 percent, between the entry-level one-bedroom at $1,850 per month and the peak two-bedroom-plus-den at $2,995 per month. The median asking rent sits at $2,200 per month, anchoring the mid-range of the tower's current availability. The entry suite is a 550-square-foot one-bedroom priced at $3.36 per square foot, while the peak offering is a 900-square-foot two-bedroom-plus-den at $3.33 per square foot, meaning the top-tier unit delivers 64 percent more space for a 62 percent higher monthly rent.

Active den premiums at Sapphire Condos – Building 2 cannot be reliably quantified from the current paired sample, so no specific dollar delta or marginal cost per square foot for extra den space can be stated. Parking stall costs are likewise inconclusive; the available data reflects anomalous outliers or an insufficient paired sample, and no verified monthly parking premium can be quoted for active listings. Renters should request individual parking terms directly from the leasing office rather than relying on a generalized add-on figure.

Sapphire Condos – Building 2 asks an average of $2,391 per month at $3.32 per square foot, compared to the Stoney Creek submarket asking benchmark of $2,180 per month at $3.01 per square foot—a 10.3 percent rate premium on a per-foot basis. The higher nominal monthly rent is partly explained by the tower's larger average suite footprint of 750 square feet versus the submarket norm, which compresses the per-square-foot differential relative to the raw dollar gap. The building currently holds seven of the 33 active listings in the Stoney Creek submarket, representing roughly 21 percent of total available inventory in the area.

Sapphire Condos – Building 2 realized an average lease rent of $1,974 per month across its full transaction history, sitting $127 below the four-comparable benchmark of $2,101 and $56 below the Stoney Creek submarket average of $2,030. The two active competitors tell a split story: Sapphire Condos – Building 1 (125 Shoreview Pl, 0.13 km, 14 closed leases) averaged $2,064 per month at $3.22 per square foot across 647 square feet of space, meaning the subject trades at a $90-per-month lower nominal rent than its sister tower. Waterfront Trails (35 Southshore Cres, 0.34 km, 6 closed leases) averaged $2,137 per month at $3.53 per square foot over 614 square feet, placing the subject $163 per month below that benchmark. Bayliner (301 Frances Ave, 0.43 km) and Shoreliner (500 Green Rd, 0.47 km) each recorded zero closed leases in the trailing 180 days and therefore carry no realized rent figure to benchmark against; they function solely as structural and amenity references for the 1977-era waterfront stock.

Sapphire Condos – Building 2 leases at $3.39 per square foot across an average 585-square-foot suite, a rate that sits above the Stoney Creek submarket benchmark of $3.08 per square foot but below the active comp average of $3.38 per square foot, positioning the building as a mid-premium waterfront product with a compact interior footprint. Against Sapphire Condos – Building 1, the subject commands a $0.17-per-square-foot (5.3 percent) premium while providing 62 fewer interior square feet; the $90-per-month lower nominal rent is therefore driven entirely by the smaller suite footprint rather than a weaker per-square-foot valuation. Against Waterfront Trails, the subject trades at a $0.14-per-square-foot (4.0 percent) discount and provides 29 fewer interior square feet, so both the rate and the space are modestly below that 2016 competitor. In practical terms, a renter choosing Building 2 over Building 1 gains a higher per-square-foot rate in exchange for a tighter layout, while choosing Building 2 over Waterfront Trails secures a lower rate per square foot at the cost of slightly less interior area.

Sapphire Condos – Building 2 offers a seven-feature lifestyle package—Gym & Fitness Centre, Rooftop Terrace, Party & Lounge Room, BBQ Area, Games & Billiards Room, Yoga Studio, and a Communal Waterfront Area—that is broadly competitive with its 2019 and 2016 peers while differentiating on waterfront access and dedicated yoga programming. The Communal Waterfront Area is a signature feature absent from both Sapphire Condos – Building 1 (which instead includes a Meeting Room) and Waterfront Trails (which also carries a Meeting Room but no dedicated waterfront gathering space). The Yoga Studio, shared with Waterfront Trails, is not present in Building 1, giving the subject a wellness edge over its immediate sister tower. The two 1977-era reference buildings, Bayliner and Shoreliner, list broader recreational inventories including outdoor pools, saunas, car wash bays, and woodworking rooms, but their zero-transaction status means they do not compete for active lease demand. The building's package—waterfront communal space, yoga studio, rooftop terrace, and fitness centre without a meeting-room or pool component—best serves young professionals and couples in the 25-to-40 range who prioritize outdoor waterfront leisure, active wellness routines, and social gathering space over formal remote-work infrastructure or aquatic recreation.