Era at Yonge 2 — Rental Market Data

Era at Yonge 2 carries five active listings as of August 31, 2026, spanning a price range of $2,580 to $3,100 per month with an average asking rent of $2,926 and a median of $3,000. The average suite measures 738 square feet at an asking rate of $3.97 per square foot. Inventory leans toward multi-bedroom executive layouts, with two-bedroom units representing 80 percent of available space and the sole one-bedroom plus den suite filling out the entry-level tier.

The dominant active layout at Era at Yonge 2 is the two-bedroom, accounting for four of five listings or 80 percent of current inventory. Two-bedroom suites average $3,013 per month across 760 square feet at $3.96 per square foot, while the single one-bedroom plus den listing is priced at $2,580 per month for 650 square feet at $3.97 per square foot.

Era at Yonge 2 shows a minimum entry rent of $2,580 per month and a peak asking rent of $3,100 per month, producing a dollar spread of $520 or 20.2 percent across the five active listings. The median asking rent sits at $3,000 per month. The entry-level suite is a one-bedroom plus den measuring 650 square feet at $3.97 per square foot, while the peak suite is a two-bedroom at 790 square feet and $3.92 per square foot.

Era at Yonge 2 does not currently have a quantifiable den premium or den square-footage delta isolable from active listings, as the single one-bedroom plus den unit cannot be reliably paired with a comparable one-bedroom listing. Parking stall premiums also cannot be reliably isolated from current active inventory due to insufficient paired sample data, and no verified parking add-on cost is available from historical leases either.

Era at Yonge 2 asks an average of $2,926 per month at $3.97 per square foot, compared to the Richmond Hill submarket asking benchmark of $2,800 per month at $3.82 per square foot. The building's nominal rent is $126 higher than the submarket average, but the 3.9 percent premium on a per-square-foot basis confirms that the higher monthly outlay reflects both a modest rate premium and slightly larger average suite sizing rather than a pure pricing gap. Era at Yonge 2 holds five of the 94 active listings in the Richmond Hill submarket, representing approximately 5.3 percent of total available inventory.

Era at Yonge 2's all-time average lease rent of $2,821 per month sits $143 above the four-comparable average of $2,678, positioning it in the upper tier of this Oneida Crescent cluster. Yonge Parc at 75 Oneida Cres (0.04 km) closed leases averaging $2,700 per month at $3.51 per square foot across 775-square-foot suites; Era at Yonge at 95 Oneida Cres (0.05 km) recorded $2,733 per month at $3.71 per square foot over 744 square feet; The Royal at Bayview Glen at 185 Oneida Cres (0.06 km) averaged $2,625 per month at $3.19 per square foot across 850-square-foot units; and Yonge Parc 2 at 85 Oneida Cres (0.06 km) closed at $2,654 per month, $3.50 per square foot, and 767 square feet. The subject's premium over the comp set is driven primarily by its 2024 build quality and amenity depth rather than raw space, since its average suite is actually 12 square feet smaller than the comp mean.

Era at Yonge 2 leases at $3.68 per square foot on an average 772-square-foot suite, a rate that sits above the submarket leased benchmark of $3.63 per square foot but below its same-year sibling Era at Yonge at $3.71 per square foot. Against Yonge Parc ($3.51/SF, 775 sq ft) and Yonge Parc 2 ($3.50/SF, 767 sq ft), the subject commands a premium of roughly $0.17 to $0.18 per square foot while offering 3 fewer square feet than Yonge Parc and 5 more than Yonge Parc 2. Compared with The Royal at Bayview Glen ($3.19/SF, 850 sq ft), the subject trades at a $0.49 per square foot premium yet provides 78 fewer interior square feet, meaning renters pay more per unit of space for a newer, amenity-rich environment. The one comp where the subject delivers a value edge is Era at Yonge: at $3.68 per square foot versus $3.71, tenants gain 28 additional square feet for a marginally lower rate, making the two 2024 Pemberton Group buildings effectively interchangeable on price-per-space terms.

Era at Yonge 2's 13-amenity package—including an indoor pool, pet wash station, EV charging, rooftop terrace, and dedicated yoga studio—gives it a measurable lifestyle edge over three of its four nearby competitors. Where Yonge Parc (75 Oneida Cres) offers a sauna and steam room but no indoor pool, no BBQ area, and no pet wash station, the subject covers all three gaps while adding EV charging. Against The Royal at Bayview Glen (185 Oneida Cres), which provides a golf simulator and library but lacks an indoor pool, rooftop terrace, garden courtyard, BBQ area, and pet wash station, the subject's outdoor and aquatic offerings are clearly superior. Yonge Parc 2 (85 Oneida Cres) matches the subject on indoor pool and pet wash but omits the media and theatre room, yoga studio, and garden courtyard that Era at Yonge 2 includes. The one amenity the subject does not carry—found at Yonge Parc, Era at Yonge, and Yonge Parc 2—is a dedicated sauna and steam room. This lifestyle package best serves young professional renters in their late twenties to mid-thirties who prioritize fitness variety, pet-friendly convenience, and social outdoor space over the older buildings' golf-simulator or library offerings.