NXT 2 — Rental Market Data

NXT 2 at 105 The Queensway Ave has three units actively listed as of August 31, 2026, with asking rents ranging from $2,050 to $2,700 per month, an average of $2,400, and a median of $2,450. The three available suites average 618 square feet and carry a blended asking rate of $4.07 per square foot. Each bedroom tier is represented by exactly one listing, so inventory is evenly split across 1-Bedroom, 1-Bedroom + Den, and 2-Bedroom layouts rather than skewing toward compact entry-level or multi-bedroom executive formats.

NXT 2's active inventory is evenly distributed, with one unit each in the 1-Bedroom, 1-Bedroom + Den, and 2-Bedroom tiers, giving every layout a 33.3 percent share of available listings. The 1-Bedroom offering lists at $2,050 per month for 400 square feet at $5.13 per square foot, the 1-Bedroom + Den asks $2,700 for 754 square feet at $3.58 per square foot, and the 2-Bedroom is priced at $2,450 for 700 square feet at $3.50 per square foot. Because each tier contains a single listing, renters cannot compare multiple units within the same bedroom category at this building.

NXT 2's three active listings span a $650 spread, from a $2,050 entry point to a $2,700 peak, representing a 31.7 percent range. The median asking rent sits at $2,450 per month. The entry-level suite is a 1-Bedroom at 400 square feet carrying a rate of $5.13 per square foot, while the peak listing is a 1-Bedroom + Den at 754 square feet priced at $3.58 per square foot, illustrating how the larger footprint compresses the per-square-foot cost despite the higher nominal rent.

NXT 2's active den premium is quantified at $650 per month for an additional 354 square feet of space, translating to a marginal cost of $1.84 per square foot for the extra den area. Active parking premiums cannot be reliably isolated due to insufficient paired sample data, so no verified monthly parking figure can be quoted for current listings. Historical lease data does confirm a verified parking add-on of $203 per month, which may serve as a directional reference for prospective renters.

NXT 2's active asking average of $2,400 per month and $4.07 per square foot undercuts the High Park submarket asking benchmark of $2,800 per month while running 4.9 percent above the submarket's $3.88 per square foot asking rate. The nominal rent gap narrows when suite sizes are considered: NXT 2's 618-square-foot average listing is modestly larger than what the submarket asking rate implies, so the per-square-foot premium reflects a slightly more generous footprint rather than a pricing outlier. The building currently holds three of the 29 active listings in the High Park submarket, accounting for roughly 10.3 percent of available inventory.

NXT 2's average realized lease rent of $2,339 per month sits $736 below the overall comp benchmark of $3,075, with the closest active peer being NXT Condominiums at 103 The Queensway Ave, just 30 metres away. NXT Condominiums (completed 2011, 12 closed leases) averaged $2,624 per month at $4.08 per square foot across 688 square feet, meaning the subject trades at a $285-per-month lower rent. Windermere by the Lake (15 Windermere Ave, 0.18 km, completed 2007, 3 closed leases) averaged $2,950 per month at $3.63 per square foot across 833 square feet, placing the subject $611 lower on nominal rent. South Kingsway Village II (22 Southport St, 0.19 km, completed 1989, 2 closed leases) averaged $3,650 per month at $3.29 per square foot across 1,100 square feet, a $1,311-per-month gap in the subject's favour. South Kingsway Village I (20 Southport St, 0.21 km, completed 1988) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare.

NXT 2 leases at $3.94 per square foot for an average 619-square-foot suite, positioning it above the overall comp average of $3.67 per square foot but just under the High Park submarket leased benchmark of $4.01 per square foot. Against NXT Condominiums, the subject trades at a $0.14-per-square-foot (3.4%) discount and provides 69 fewer interior square feet, so the lower nominal rent here reflects both a smaller footprint and a more competitive per-foot rate. Against Windermere by the Lake, the subject commands a $0.31-per-square-foot (8.5%) premium yet delivers 214 fewer square feet; the $611-per-month rent gap is driven entirely by the smaller interior footprint rather than a weaker asset valuation. South Kingsway Village II shows the widest spread: the subject commands a $0.65-per-square-foot (19.8%) premium while providing 481 fewer square feet, and the $1,311-per-month difference is a direct function of the 1,100-square-foot suite size at the 1989 building versus the 619-square-foot average at NXT 2. In every active comparison, the subject's lower monthly rent is a footprint effect, not a rate concession.

NXT 2 fields a 16-feature amenity suite spanning aquatic, fitness, remote-work, and family-lifestyle categories, making it the most amenity-dense building in its immediate peer set. The subject's Childcare Centre, Business Centre, and Tennis & Pickleball Court are absent from Windermere by the Lake, which instead offers a Golf Simulator and Hot Tub & Jacuzzi that NXT 2 does not carry. Against South Kingsway Village II, the subject adds an Outdoor Pool, Rooftop Terrace, Dog Run, and Business Centre, while the 1989 building counters with a Squash & Racquetball Court, Basketball Court, Library & Reading Room, and Hobby Room. NXT Condominiums, the closest active peer at 30 metres, includes a Self-Serve Grocery Store and Daycare Centre but lacks the subject's Sauna & Steam Room, Garden & Courtyard, and dedicated Childcare Centre. The resulting package—dual pools, pickleball, on-site childcare, and a full business centre—sits squarely in the young-professional and early-family segment that prioritizes walkable convenience, active recreation, and built-in work infrastructure over the larger-suite, lower-amenity profile of the 1980s Kingsway buildings.