NXT Condominiums — Rental Market Data

NXT Condominiums at 103 The Queensway Ave has exactly one active listing as of August 31, 2026, asking $2,600 per month with both the average and median rent at $2,600. The available suite spans 750 square feet at an asking rate of $3.47 per square foot, and the 100 percent layout share belongs to a single 1-Bedroom + Den configuration. With only one unit on the market, inventory is neither skewed toward compact entry-level studios nor multi-bedroom executive plans; it represents a mid-range one-bedroom-plus-den offering that sits above the building's historical average suite size of 688 square feet.

The sole active layout at NXT Condominiums is a 1-Bedroom + Den, accounting for 100 percent of available inventory with a single listing. That unit asks $2,600 per month for 750 square feet at $3.47 per square foot, and no other bedroom tier—studio, two-bedroom, or three-bedroom—currently has an active listing. Renter choice within the building is therefore limited to this one configuration, and any interest in alternative layouts must be directed toward the broader High Park submarket.

NXT Condominiums shows a minimum entry rent of $2,600 per month and a peak asking rent of $2,600 per month, producing a dollar spread of $0 and a percentage spread of 0 percent across its single active listing. The median asking rent is likewise $2,600 per month. The entry-level suite is a 1-Bedroom + Den at 750 square feet and $3.47 per square foot, and because this is the only unit on the market, it simultaneously serves as the peak offering with identical size and rate metrics.

NXT Condominiums does not have a quantified active den premium, as the single available listing already includes the den within its 750-square-foot footprint and no paired without-den comparison exists to isolate a marginal cost per square foot. Active parking premiums also cannot be reliably isolated from the current data, as the sample is flagged as an unreliable outlier or insufficient paired set. Historical lease records do confirm a verified parking add-on of $218 per month, which serves as the most recent benchmark for budgeting purposes.

NXT Condominiums asks $2,600 per month at $3.47 per square foot, compared to the High Park submarket average asking rent of $2,800 per month and an asking rate of $3.88 per square foot. The building's asking rate runs 10.6 percent below the submarket benchmark on a per-square-foot basis, and the active suite's 750-square-foot footprint is 28 square feet larger than the submarket implied average of 722 square feet, which explains why the nominal monthly rent is $200 below the submarket average despite the expanded layout. NXT Condominiums represents 1 out of 29 active listings in the High Park submarket, a 3.4 percent share of total available inventory.

NXT Condominiums' all-time average realized lease rent of $2,624 per month sits $344 below the four-comparable benchmark of $2,968, a gap driven primarily by the subject's smaller average suite size rather than a weaker asset valuation. Against NXT 2 at 105 The Queensway Ave (0.03 km, 23 closed leases, $2,360 average rent, $3.90 per square foot, 628 sq ft), the subject commands a higher monthly rent of $264 more per unit. Windermere by the Lake at 15 Windermere Ave (0.14 km, 3 closed leases, $2,950 average rent, $3.63 per square foot, 833 sq ft) realizes a rent $326 higher than the subject. Mirabella Luxury Condos – West Tower at 1928 Lake Shore Blvd W (0.21 km, 20 closed leases, $2,910 average rent, $3.90 per square foot, 755 sq ft) also trades $286 above the subject's realized average. South Kingsway Village II at 22 Southport St (0.22 km, 2 closed leases, $3,650 average rent, $3.29 per square foot, 1,100 sq ft) carries the widest spread at $1,026 above the subject, a figure inflated by its legacy 1,100-square-foot layouts. All four competitors recorded closed lease transactions over the trailing 180 days, so each provides an active pricing reference rather than a zero-volume architectural benchmark.

NXT Condominiums trades at a premium per square foot against every active nearby competitor while providing fewer interior square feet than three of the four, meaning the lower nominal rent versus Windermere, Mirabella, and South Kingsway is a footprint effect rather than a valuation discount. Against NXT 2 (0.03 km), the subject commands a $0.18 per square foot (4.6%) premium and provides 60 more interior square feet, making it the only comp where the subject is simultaneously larger and more expensive on both dimensions. Versus Windermere by the Lake (0.14 km), the subject carries a $0.45 per square foot (12.4%) premium but delivers 145 fewer square feet, so the $326 lower monthly rent reflects a compact 688-square-foot suite rather than weaker pricing power. Mirabella Luxury Condos – West Tower (0.21 km) shows the same pattern: a $0.18 per square foot (4.6%) premium with 67 fewer square feet, yielding a $286 lower nominal rent. South Kingsway Village II (0.22 km) exhibits the starkest contrast—a $0.79 per square foot (24.0%) premium over the subject's rate but 412 fewer square feet, explaining the $1,026 rent gap as a pure size differential in a 1989-era building. In every case the subject's higher per-square-foot rate confirms that the nominal rent variance is driven by interior footprint, not asset quality.

NXT Condominiums offers a 15-feature lifestyle package anchored by dual indoor and outdoor pools, a tennis and pickleball court, a rooftop terrace, a self-serve grocery store, and a daycare centre, positioning it as a full-service residential building that outperforms two of its four peers on amenity breadth. Compared with NXT 2 (0.03 km), the subject lacks a sauna and steam room and a dedicated garden courtyard but adds a self-serve grocery store and a daycare centre that its immediate neighbour does not provide. Against Windermere by the Lake (0.14 km), the subject trades a golf simulator and sauna for a tennis and pickleball court, a dog run, a business centre, a media and theatre room, and games and billiards facilities. Mirabella Luxury Condos – West Tower (0.21 km) fields a broader wellness and family stack—including a yoga studio, pet wash station, EV charging, fire pits, and a dining room—that the subject does not match, though the subject counters with its tennis and pickleball court, daycare centre, and self-serve grocery store. South Kingsway Village II (0.22 km) offers a hot tub, basketball court, squash and racquetball court, and a library absent from the subject's roster. The building's aquatic, recreational, and convenience-oriented package best serves young professional and small-family renters in the High Park corridor who value on-site fitness, social programming, and everyday errand convenience within a walkable neighbourhood rather than resort-style wellness or luxury dining amenities.