Metropolis at Metro Place (M3) — Rental Market Data

Metropolis at Metro Place (M3) lists four active units as of August 31, 2026, with asking rents spanning $2,250 to $2,600 per month, an average of $2,463, and a median of $2,500. The average active suite measures 675 square feet at an asking rate of $3.66 per square foot. Two of the four listings (50 percent) are one-bedroom-plus-den configurations, while the remaining two split between a single one-bedroom and a single two-bedroom, meaning current inventory skews toward compact entry-level and small executive layouts rather than larger multi-bedroom plans.

The dominant active layout at Metropolis at Metro Place (M3) is the one-bedroom-plus-den, with two listings representing 50 percent of available inventory at an average asking rent of $2,500 per month across 650 square feet and $3.85 per square foot. The one-bedroom tier carries a single listing at $2,250 per month for 650 square feet at $3.46 per square foot, and the two-bedroom tier also holds one unit at $2,600 per month for 750 square feet at $3.47 per square foot. Each tier beyond the den configuration is a single-listing scarcity, so renters should move quickly if a specific bedroom count is a priority.

Metropolis at Metro Place (M3) shows an active asking spread of $350 per month, from a $2,250 entry point to a $2,600 peak, a 15.6 percent range. The median asking rent sits at $2,500 per month. The entry-level suite is a one-bedroom at 650 square feet priced at $3.46 per square foot, while the peak listing is a two-bedroom at 750 square feet carrying a rate of $3.47 per square foot, meaning the top-tier unit commands a modest per-square-foot premium over the entry configuration despite its additional 100 square feet.

Metropolis at Metro Place (M3) carries an active den premium of $250 per month, though the recorded square-footage delta between den and non-den suites is zero, so a marginal cost per square foot for the extra den space cannot be reliably calculated. Active parking stall premiums cannot be reliably isolated from the current paired sample, and no verified parking add-on figure should be assumed when budgeting monthly costs.

Metropolis at Metro Place (M3) asks an average of $2,463 per month at $3.66 per square foot, compared to the Downsview submarket asking benchmark of $2,472 per month at $3.87 per square foot. The building's nominal rent sits just $9 below the submarket average, but the 5.4 percent lower rate per square foot reflects the more compact 675-square-foot average active footprint versus the broader market mix. Metropolis at Metro Place (M3) accounts for four out of 97 available listings in the Downsview submarket, a 4.1 percent share of current inventory.

Metropolis at Metro Place (M3) realizes an average lease rent of $2,458 per month, sitting $22 above the four-comp blended benchmark of $2,436 and ahead of three of its four nearby peers. M2 at Metro Place (1070 Sheppard Ave W, 0.06 km, 10 closed leases) averages $2,309 per month at $3.84 per square foot across 625 square feet; Parkside Towers at Metro Place (M4) (1 De Boers Dr, 0.09 km, 6 closed leases) averages $2,379 per month at $3.19 per square foot across 750 square feet; M1 at Metro Place (55 De Boers Dr, 0.16 km, 5 closed leases) averages $2,765 per month at $3.22 per square foot across 876 square feet; and Avro (10 De Boers Dr, 0.19 km, 17 closed leases) averages $2,290 per month at $3.93 per square foot across 589 square feet. All four competitors recorded active lease transactions over the trailing 180 days, so each provides a realized pricing benchmark rather than a zero-volume architectural reference.

Metropolis at Metro Place (M3) leases at $3.57 per square foot for an average 700-square-foot suite, placing it slightly above the comp blended rate of $3.55 per square foot and just under the submarket asking benchmark of $3.87 per square foot. Against M2 at Metro Place, the subject trades at a $0.27 per square foot (7.0%) discount while providing 75 more interior square feet, meaning the lower per-square-foot rate is offset by a larger footprint that pushes the total monthly rent $149 higher than M2's. Parkside Towers at Metro Place (M4) presents the inverse trade-off: the subject commands a $0.38 per square foot (11.9%) premium yet delivers 50 fewer interior square feet, so the nominal rent lands only $79 above Parkside's average. M1 at Metro Place is the clearest outlier—the subject trades at a $0.35 per square foot (10.9%) premium while providing 176 fewer interior square feet, and the subject's rent sits $307 below M1's $2,765 average because M1's substantially larger 876-square-foot suites drive the higher nominal figure rather than any asset-valuation gap. Avro, the newest comp, shows the subject at a $0.36 per square foot (9.2%) discount with 111 more interior square feet, yet the subject still realizes $168 more per month, confirming that the larger footprint more than compensates for the lower rate.

Metropolis at Metro Place (M3) offers an eleven-feature lifestyle package anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, golf simulator, and a full suite of social and remote-work spaces, positioning it as a full-service residential building within the Metro Place cluster. The subject's aquatic and wellness trio—indoor pool, hot tub and jacuzzi, and sauna and steam room—is entirely absent from Avro, whose 2021 product pivots toward outdoor and pet-centric amenities including a rooftop terrace, BBQ area, dog run, pet wash station, and car wash bay. Conversely, M2 at Metro Place and M1 at Metro Place each include a Business Centre that the subject does not offer, while Parkside Towers at Metro Place (M4) lacks the subject's dedicated Meeting Room. The building's package best serves professionals and small households who prioritize indoor recreation, wellness routines, and on-site meeting or media spaces over outdoor or pet-focused facilities, making it a natural fit for renters who value a turnkey lifestyle environment within a walkable urban node.