Maddox Tyndall — Rental Market Data

Maddox Tyndall's realized lease rent of $2,370 per month sits $70 below the four-comparable average of $2,440, with the two active competitors—XO Condos at 270 Dufferin Street (0.16 km) and XO 2 Condos at 285 Dufferin Street (0.26 km)—both pricing above the subject. XO Condos, which closed 31 leases over the trailing 180 days, averaged $2,398 per month at $4.35 per square foot across 576 square feet, placing the subject $28 lower on nominal rent. XO 2 Condos, with 32 closed leases in the same period, averaged $2,482 per month at $4.07 per square foot across 616 square feet, leaving the subject $112 lower on monthly rent. Tyndall Tower (118 Tyndall Avenue, 0.1 km) and 1a Elm Grove Avenue (0.26 km) each recorded zero closed leases over the past 180 days and therefore carry no realized rent benchmark; both are estimated for 2026 completion and function solely as architectural references in this comparison set.

Maddox Tyndall offers a 650-square-foot one-bedroom at $3.65 per square foot, trading at a measurable discount below both active nearby alternatives and the Parkdale submarket benchmark of $4.41 per square foot. Against XO Condos (270 Dufferin Street, 0.16 km, 31 closed leases), the subject trades at a $0.70 per square foot discount—roughly 16 percent below the comp's $4.35 rate—while providing 74 more interior square feet than the comp's 576-square-foot average. Against XO 2 Condos (285 Dufferin Street, 0.26 km, 32 closed leases), the subject trades at a $0.42 per square foot discount—about 10 percent below the comp's $4.07 rate—while delivering 34 more interior square feet than the comp's 616-square-foot average. The lower nominal rent at Maddox Tyndall is therefore not a function of a smaller suite; the subject's larger footprint combined with its lower per-square-foot rate means a renter gains meaningful interior space without paying a premium, a trade-off that favours tenants prioritizing usable square footage over amenity density or building age.

Maddox Tyndall provides a seven-item lifestyle package—Common Area Wi-Fi, Concierge & Security, Gym & Fitness Centre, Parcel Lockers, Party & Lounge Room, Resident Events, and Shared Laundry Room—that positions it as a functional mid-tier amenity building well below the recreation-heavy offerings of its 2023-and-2025 peers. XO Condos at 270 Dufferin Street layers on a Yoga Studio, Spin Studio, Business Centre, Media & Theatre Room, Library & Reading Room, Rooftop Terrace, Pet Wash Station, and Chilled Delivery Service, none of which appear at Maddox Tyndall; XO 2 Condos at 285 Dufferin Street adds a Boxing Studio, Golf Simulator, and Rooftop Terrace that the subject likewise lacks. In return, Maddox Tyndall's Parcel Lockers, Resident Events programming, and Common Area Wi-Fi are absent from both XO properties, and its Shared Laundry Room is not offered at either Dufferin Street building. The package best serves cost-conscious professionals and young households who want a gym, concierge coverage, and a social lounge without the per-square-foot premium attached to rooftop terraces, business centres, and multi-discipline fitness studios.