1181 Ellesmere — Rental Market Data

1181 Ellesmere achieves an average lease rent of $2,245 per month, which tracks below the overall comparable average of $2,421 per month across benchmark properties including Elle Condos, Forest Mansion II, and Forest Mansion I. Individual competitor metrics show Elle Condos at 1350 Ellesmere Rd recording an average lease rent of $2,463 per month at $3.65 per square foot across an average of 683 square feet. Forest Mansion II at 123 Omni Dr reports an average lease rent of $2,500 per month at $3.14 per square foot across 798 square feet. Additionally, Forest Mansion I at 125 Omni Dr registers an average lease rent of $2,300 per month at $2.96 per square foot across an average of 790 square feet, while 1191 Ellesmere Road (0.03 kilometers away, built in 2026) currently maintains 0 active leases.

1181 Ellesmere establishes its value proposition by offering an average leased rate of $2.81 per square foot across an 800-square-foot footprint, undercutting the submarket average lease rate of $3.39 per square foot. Renters secure tangible economic trade-offs, benefiting from modern 2026 construction efficiencies, contemporary mechanical systems, and lower utility burdens while enjoying larger living spaces at a more favorable rate per square foot compared to compact mid-generation builds like Elle Condos (which leases at $3.65 per square foot across 683 square feet). At the same time, the subject building provides competitive pricing against turn-of-the-century assets such as Forest Mansion II ($3.14 per square foot across 798 square feet) and Forest Mansion I ($2.96 per square foot across 790 square feet).

1181 Ellesmere delivers a streamlined, essential lifestyle and amenity profile anchored by concierge and security services and a shared laundry room, aligning closely with adjacent new builds like 1191 Ellesmere Road. When contrasted against larger multi-amenity properties in the immediate area, the building offers a more focused resident experience; for instance, Elle Condos provides extensive recreational spaces including a gym and fitness centre, games and billiards room, party and lounge room, dining room and kitchen, pet wash station, dog run, garden and courtyard, rooftop terrace, BBQ area, and media and theatre room. Similarly, Forest Mansion II and I feature extensive resort-style packages including indoor pools, yoga studios, hot tubs, saunas, and golf simulators. This straightforward amenity offering best serves pragmatic renters who prioritize modern 2026 construction and lower overhead over extensive, high-maintenance recreational facilities.