Residences of Royal Connaught — Rental Market Data

Residences of Royal Connaught lists 12 active units as of August 31, 2026, with asking rents ranging from $1,895 to $2,700 per month, an average of $2,275 and a median of $2,300. The average suite measures 736 square feet at an asking rate of $3.11 per square foot. Two-bedroom layouts account for half of current availability, meaning the active book leans toward multi-bedroom executive suites rather than compact entry-level one-bedrooms.

The two-bedroom tier dominates active inventory with six listings representing 50 percent of available suites, averaging $2,442 per month across 826 square feet at $2.96 per square foot. One-bedroom and one-bedroom-plus-den suites each hold three listings (25 percent share), with one-bedrooms averaging $2,050 per month over 628 square feet at $3.26 per square foot and den configurations averaging $2,165 per month over 661 square feet at $3.28 per square foot.

Residences of Royal Connaught spans an asking range from $1,895 to $2,700 per month, a dollar spread of $805 or 42.5 percent. The median asking rent sits at $2,300 per month. The entry-level suite is a one-bedroom-plus-den measuring 674 square feet at $2.81 per square foot, while the peak listing is a two-bedroom at 802 square feet priced at $3.37 per square foot.

Residences of Royal Connaught carries an active den premium of $115 per month for an additional 33 square feet of space, translating to a marginal cost of $3.48 per square foot for the extra den area. Active parking premiums cannot be reliably isolated from current listings due to insufficient paired samples, though verified historical leases established a $192 per month parking stall benchmark.

Residences of Royal Connaught asks an average of $2,275 per month at $3.11 per square foot, compared with the Central Hamilton submarket asking benchmark of $2,026 per month and $2.94 per square foot. The building's 5.8 percent per-square-foot premium over the submarket reflects larger average suite sizing rather than a pure pricing gap, as the nominal monthly outlay is only modestly higher. The tower holds 12 of the 197 active listings across Central Hamilton, representing roughly 6 percent of total submarket inventory.

Residences of Royal Connaught's average closed lease rent of $2,066 per month sits $193 above the four-comp average of $1,873 and $141 below its Phase 2 sibling at 118 King St E, which leases at $2,207 per month on 800-square-foot suites at $2.82 per square foot. Gore Park Lofts at 121 King St E (completed 2024) closed leases averaging $1,763 per month on 750 square feet at $2.36 per square foot, while 63 John Street S (estimated 2026 completion) recorded a single closed lease at $1,650 per month on 650 square feet at $2.54 per square foot. Film Work Lofts at 80 King William St (completed 2010) posted no closed lease transactions in the trailing 180-day window, leaving the subject building's $2,066 benchmark as the highest realized rent among active transacting comparables in this immediate King Street corridor.

Residences of Royal Connaught leases at $2.89 per square foot on an average 729-square-foot suite, commanding a premium over every transacting comparable while remaining 5.5% below the Central Hamilton submarket average of $3.09 per square foot. Against Phase 2 at 118 King St E, the subject trades at a $0.07 per square foot (2.5%) premium yet provides 71 fewer interior square feet, meaning renters gain access to a comparable amenity suite in a slightly more compact footprint. Compared with Gore Park Lofts at 121 King St E, the subject's $0.53 per square foot (22.5%) premium reflects a far richer lifestyle package—concierge, rooftop terrace, and dedicated studio spaces—versus a three-amenity offering, though the subject still delivers 21 fewer square feet than Gore Park's 750-square-foot average. Against 63 John Street S, the subject commands a $0.35 per square foot (13.8%) premium while actually providing 79 more interior square feet, making it the only comparison where renters gain both space and a full-service building experience over a single shared-laundry offering.

Residences of Royal Connaught fields a ten-amenity lifestyle program that substantially outpaces the three- to five-feature packages at its nearest King Street competitors. Where Gore Park Lofts at 121 King St E offers only a shared laundry room, dining kitchen, and gym, the subject building adds a dedicated concierge and security desk, a private yoga studio, a media and theatre room, a games and billiards lounge, and a rooftop terrace with garden courtyard—five signature features absent from Gore Park's minimal lineup. Phase 2 at 118 King St E mirrors most of the subject's amenities but includes a meeting room the subject lacks, while the subject differentiates with its dedicated dining room and kitchen pairing alongside the rooftop terrace in a 2018-built structure. Against Film Work Lofts (2010) and 63 John Street S (2026), which each offer a single shared amenity, the subject's concierge service, party and lounge room, and BBQ area represent a full-service residential experience unavailable within 150 metres. This lifestyle package best serves young professionals and small households in Central Hamilton who want hotel-style convenience, on-site fitness and wellness programming, and social gathering spaces without leaving the building.