The Verdale I — Rental Market Data

The Verdale I carries three active listings as of August 31, 2026, with asking rents spanning $2,350 to $2,850 per month, an average of $2,543 and a median of $2,430. The mean suite size is 783 square feet at an asking rate of $3.24 per square foot, and the dominant layout is the one-bedroom-plus-den at 66.7 percent of available inventory. Current listings lean toward compact entry-level and mid-size suites rather than multi-bedroom executive configurations, with the sole two-bedroom unit representing just one-third of active stock.

The one-bedroom-plus-den layout dominates The Verdale I's active inventory with two units representing 66.7 percent of available listings, averaging $2,390 per month across 750 square feet at $3.19 per square foot. The two-bedroom tier holds a single listing at 33.3 percent share, asking $2,850 per month for 850 square feet at $3.35 per square foot, making it a one-unit scarcity option for renters seeking additional bedroom space.

The Verdale I's three active listings span a $500 spread from a $2,350 entry point to a $2,850 peak, a 21.3 percent range, with the median asking rent at $2,430 per month. The entry-level suite is a one-bedroom-plus-den at 750 square feet and $3.13 per square foot, while the peak listing is a two-bedroom at 850 square feet and $3.35 per square foot. The $500 differential between the two tiers reflects both the extra bedroom and the 100-square-foot footprint increase rather than a premium on rate alone.

The Verdale I's active den premium and the associated square-footage delta cannot be reliably quantified from the current paired sample, so no marginal cost per square foot for den space can be stated. Parking stall premiums are likewise inconclusive; the available data contains anomalous outliers or an insufficient paired sample to isolate a dependable monthly figure, and no verified parking add-on cost should be assumed.

The Verdale I's active asking rate of $3.24 per square foot sits 9.5 percent below the Markham City Centre submarket asking benchmark of $3.58 per square foot, even though the building's average asking rent of $2,543 per month exceeds the submarket average of $2,711 only marginally when adjusted for suite size. The 783-square-foot mean active footprint is 26 square feet larger than the submarket implied average of 757 square feet, which accounts for the nominal rent variance. The building represents three out of 96 available listings in the submarket, a 3.1 percent share of total active inventory.

The Verdale I's average realized lease rent of $2,333 per month runs $118 below the four-comp benchmark of $2,451, placing it at the lower end of this immediate Birchmount-and-Duke-Cres corridor. The Verdale II (131 Upper Duke Cres, 0.05 km, 6 closed leases) averaged $2,467 per month at $3.77 per square foot across 670 square feet, meaning the subject trades at a $134-per-month lower rent. Nexus North (8130 Birchmount Rd, 0.09 km, 9 closed leases) posted $2,532 per month at $3.28 per square foot over 809 square feet, a $199-per-month gap in the subject's favour. The Verdale on the Valley (151 Upper Duke Cres, 0.12 km, 8 closed leases) realized $2,351 per month at $3.38 per square foot across 728 square feet, just $18 above the subject. Gallery Square – Tower A (8119 Birchmount Rd, 0.14 km, 30 closed leases) averaged $2,455 per month at $3.81 per square foot over 663 square feet, a $122-per-month spread. All four competitors recorded active lease volume; none served as a zero-transaction reference.

The Verdale I leases at $3.55 per square foot across an average 667-square-foot suite, a rate that sits at the four-comp mean of $3.56 per square foot while delivering 51 fewer square feet than the 718-square-foot comp average. Against The Verdale II, the subject trades at a $0.22-per-square-foot (5.8%) discount and provides 3 fewer interior square feet, so the lower nominal rent reflects a marginally tighter footprint rather than a weaker per-unit valuation. Versus Nexus North, the subject commands a $0.27-per-square-foot (8.2%) premium yet delivers 142 fewer interior square feet; the $199-per-month rent gap is therefore driven entirely by the 809-square-foot Nexus suite being substantially larger, not by a premium on the Verdale I's asset quality. The Verdale on the Valley shows the same pattern: the subject carries a $0.17-per-square-foot (5.0%) premium over 61 fewer square feet, keeping its headline rent only $18 below that comp. Against Gallery Square – Tower A, the subject trades at a $0.26-per-square-foot (6.8%) discount while providing 4 more interior square feet, making it the one comparison where both the rate and the footprint favour the Verdale I.

The Verdale I fields an 11-item lifestyle package anchored by an indoor pool, sauna and steam room, hot tub and jacuzzi, and a dedicated dining room and kitchen—features that collectively distinguish it from three of its four immediate competitors. Gallery Square – Tower A, the newest and highest-volume peer, forgoes the aquatic and wellness trio (no indoor pool, no sauna, no hot tub) in favour of a yoga studio, basketball court, rooftop terrace, library, dog run, and pet wash station; The Verdale I's pool-and-spa cluster is its clearest differentiator against that 2024 build. Nexus North adds a rooftop terrace and cold plunge pool but omits the meeting room and dining room & kitchen found at the subject. The Verdale on the Valley swaps in a garden and courtyard but lacks the dining room & kitchen, while The Verdale II mirrors the subject's amenity list almost exactly, missing only the dining room & kitchen. For renters who prioritize in-building aquatic recreation, private sauna access, and a shared dining kitchen over outdoor terraces or pet-specific facilities, The Verdale I's 2011-era wellness-and-entertainment package targets cost-conscious professionals and small households seeking a full-service lifestyle without the premium attached to Gallery Square's newer, pet-forward amenity set.