Omega on the Park — Rental Market Data

Omega on the Park currently maintains 6 active listings as of August 31, 2026, with an asking price range spanning from $2,350 to $3,000 per month, an average asking rent of $2,763 per month, and a median asking rent of $2,825 per month. Available units average 717 square feet with an average asking rate of $3.88 per square foot, and active inventory skews toward multi-bedroom executive layouts with 2-Bedroom suites capturing 66.7% of current availability.

Two-Bedroom units represent the dominant active layout at Omega on the Park, accounting for 4 listings and a 66.7% inventory share with an average asking rent of $2,913 per month, a median asking rent of $2,925 per month, an average size of 775 square feet, and an average rate of $3.77 per square foot. The remaining active inventory consists of 1-Bedroom + Den suites, offering 2 listings and a 33.3% share with an average asking rent of $2,465 per month, a median asking rent of $2,465 per month, an average size of 600 square feet, and an average rate of $4.12 per square foot.

Asking rents at Omega on the Park span from a minimum entry rent of $2,350 per month to a peak asking rent of $3,000 per month, creating a dollar spread of $650 and a percentage spread of 27.7%. Median asking rent sits at $2,825 per month, with the entry-level suite represented by a 1-Bedroom + Den layout offering 550 square feet at $4.27 per square foot, while the peak suite is a 2-Bedroom unit spanning 850 square feet at $3.53 per square foot.

Active den premium data for Omega on the Park cannot be reliably isolated due to an insufficient sample size, and active parking premium data is similarly inconclusive with no reliable figures available from current listings. Realized historical leasing data indicates a verified parking premium of $236 per month for stalls attached to completed lease agreements.

Omega on the Park asks an average of $2,763 per month at $3.88 per square foot, comparing favorably to the broader Don Valley North submarket asking benchmark of $2,608 per month at $3.93 per square foot. The higher nominal monthly rent at the building is driven by larger suite sizing rather than inflated unit pricing, as the building's active rate per square foot trades 1.3% below the submarket asking benchmark while representing 2.7% of active submarket inventory.

Omega on the Park achieves an average lease rent of $2,315 per month, sitting below the overall competitive set average of $2,560 per month alongside peer benchmarks such as Opus and Seasons II. Individual competitor performance highlights this leasing spread: Opus (117 McMahon Dr) reports an average lease rent of $2,482 per month at $3.88 per square foot across an average of 651 square feet; Tango (121 McMahon Dr) averages $2,395 per month at $3.62 per square foot across 667 square feet; Seasons I (95 McMahon Dr) leases at $2,687 per month at $3.99 per square foot across 677 square feet; and Seasons II (85 McMahon Dr) commands $2,676 per month at $4.09 per square foot across 663 square feet.

Omega on the Park defines its value proposition by realizing an average lease rate of $3.90 per square foot across an average suite size of 607 square feet, positioning it competitively against the broader submarket benchmark of $3.80 per square foot. Renters evaluating the building navigate distinct trade-offs, capturing more accessible entry rents compared to newer 2022 builds like Seasons I (which averages $3.99 per square foot across 677 square feet) and Seasons II (which averages $4.09 per square foot across 663 square feet), while trading slightly smaller interior footprints in exchange for modern 2019 construction finishes and established building operations.

Omega on the Park delivers an extensive lifestyle and wellness amenity package that rivals or exceeds many surrounding properties in the immediate McMahon Drive corridor. The building features signature amenities including an indoor pool, a dedicated bowling alley, a multi-sport tennis and pickleball court, and a fully equipped gym and fitness centre, contrasting favourably with peer offerings such as Opus's golf simulator and hot tub, Tango's pet wash station and tai chi deck, and the yoga studios and wine tasting rooms found at Seasons I and Seasons II. This diverse recreational layout particularly serves professionals and active households seeking robust on-site fitness and leisure infrastructure without sacrificing proximity to transit.