Bower on the Preserve 2 — Rental Market Data

Bower on the Preserve 2 lists five active units as of August 31, 2026, with asking rents ranging from $2,350 to $2,900 per month, an average of $2,668 and a median of $2,700. The average active suite measures 763 square feet at an asking rate of $3.59 per square foot, and the inventory skews heavily toward multi-bedroom layouts with two-bedroom units commanding 80 percent of available stock. The single one-bedroom-plus-den listing at 550 square feet represents the only compact entry-level option currently on the market.

Two-bedroom suites dominate active inventory at Bower on the Preserve 2, accounting for four of five listings or 80 percent of available stock. The two-bedroom tier averages $2,748 per month across 816 square feet at $3.42 per square foot, while the lone one-bedroom-plus-den listing asks $2,350 per month for 550 square feet at $4.27 per square foot. Renters seeking a one-bedroom-plus-den configuration face a single-unit constraint with no comparable alternative in the building's current active pool.

Bower on the Preserve 2 spans a $550 asking spread from a $2,350 entry point to a $2,900 peak, a 23.4 percent range across five active listings. The median asking rent sits at $2,700 per month, and the entry-level suite is a one-bedroom-plus-den at 550 square feet priced at $4.27 per square foot. The peak listing is a two-bedroom at 750 square feet asking $3.87 per square foot, meaning the highest-priced unit actually carries a lower rate per square foot than the compact entry suite.

Bower on the Preserve 2 does not carry a quantified den premium or square-footage delta in its active listings, so the marginal cost of additional den space cannot be reliably isolated from current data. Parking stall premiums are likewise unquoted; the paired sample is insufficient to separate a reliable monthly parking add-on from the base asking rent, and no verified parking fee should be assumed when budgeting.

Bower on the Preserve 2 asks an average of $2,668 per month at $3.59 per square foot, which is 0.8 percent below the Oakville North submarket asking benchmark of $3.62 per square foot and $87 above the submarket average asking rent of $2,581. The nominal rent premium over the submarket average is explained by the building's larger average active footprint of 763 square feet relative to the broader market mix. The building holds five out of 81 total active listings in the Oakville North submarket, representing approximately 6.2 percent of available inventory.

Bower on the Preserve 2's all-time average realized rent of $2,475 per month runs $54 below the four-comparable benchmark of $2,529, positioning it modestly under the immediate peer set. Against Bower on the Preserve at 128 Grovewood Common (0.16 km, 16 closed leases, $2,317 average rent, $3.40 per square foot, 694 sq ft), the subject commands a higher monthly rent by $158. Chelsea at Trafalgar Landing (150 Sabina Dr, 0.31 km, 6 closed leases, $2,517 average rent, $3.17 per square foot, 833 sq ft) shows the subject trading at a lower monthly rent by $42. Waterlilies (2480-2496 Post Road, 0.32 km, 3 closed leases, $2,583 average rent, $2.68 per square foot, 967 sq ft) places the subject $108 below its realized rent. Archer at Trafalgar Landing (168 Sabina Dr, 0.35 km, 2 closed leases, $2,700 average rent, $3.21 per square foot, 843 sq ft) shows the subject at a lower monthly rent by $225. All four competitors recorded closed lease transactions over the trailing 180 days, so each provides an active realized-rent benchmark rather than a zero-volume reference.

Bower on the Preserve 2 leases at $3.33 per square foot across an average 753-square-foot suite, a rate that sits above the $3.12 per square foot comp average while the interior footprint falls short of the 834-square-foot peer norm. Against Bower on the Preserve, the subject trades at a $0.07 per square foot (2.1%) discount while providing 59 more interior square feet, meaning the higher nominal rent is driven entirely by the larger footprint rather than a per-unit premium. Versus Chelsea at Trafalgar Landing, the subject commands a $0.16 per square foot (5.0%) premium yet delivers 80 fewer interior square feet, so the lower nominal rent reflects the smaller suite size rather than weaker asset valuation. Waterlilies presents the sharpest contrast: the subject carries a $0.65 per square foot (24.3%) premium over that 2017 building while providing 214 fewer square feet, a trade-off where renters pay more per unit of space for a newer, more compact layout. Archer at Trafalgar Landing shows a $0.12 per square foot (3.7%) premium with 90 fewer square feet, reinforcing the same footprint-driven rent variance pattern.

Bower on the Preserve 2 offers a five-feature lifestyle package—Gym & Fitness Centre, Party & Lounge Room, Games & Billiards Room, Garden & Courtyard, and Meeting Room—that overlaps heavily with its closest peer but diverges from the broader Trafalgar Landing cluster. The Games & Billiards Room is a signature amenity absent from Chelsea at Trafalgar Landing, Waterlilies, and Archer at Trafalgar Landing, giving the subject a distinct social-recreation edge over those three competitors. Conversely, the subject lacks the Concierge & Security desk found at Bower on the Preserve, Chelsea, and Archer, as well as the BBQ Area and Media & Theatre Room at Chelsea and the Rooftop Terrace and Children's Playground at Waterlilies. The building's package skews toward indoor social and fitness programming without 24-hour front-desk service or outdoor entertaining infrastructure, a profile that best serves young professionals and small households in Oakville North who prioritize a gym, billiards, and a meeting space for remote work over concierge service, rooftop access, or family-oriented outdoor play areas.