Canary Park Condos — Rental Market Data

Canary Park Condos has two active rental listings as of August 31, 2026, with asking rents ranging from $3,300 to $4,125 per month and an average of $3,713 per month (median $3,712). Both units measure 750 square feet at an average asking rate of $4.95 per square foot. The entire active inventory is 2-Bedroom layouts at 100 percent share, placing the building's current availability squarely in the multi-bedroom tier rather than compact entry-level suites.

The sole active layout at Canary Park Condos is the 2-Bedroom, with two listings comprising 100 percent of available inventory. Both units average 750 square feet at $3,713 per month and $4.95 per square foot, with no one-bedroom, studio, or three-bedroom tiers currently listed. Renters seeking a smaller or larger configuration will need to look to other East Bayfront buildings for alternatives.

Canary Park Condos shows an active asking spread of $825 per month (25 percent), from a minimum entry rent of $3,300 to a peak of $4,125. The median asking rent sits at $3,712 per month. The entry-level listing is a 2-Bedroom at 750 square feet and $4.40 per square foot, while the peak listing is also a 2-Bedroom at 750 square feet but commanding $5.50 per square foot, suggesting unit-specific differences in floor plan orientation or finish level within the same layout tier.

Canary Park Condos does not have quantified den premium data, as no active listings include a separate den configuration to isolate marginal cost per square foot. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample of listed units with and without parking; no verified parking stall cost can be quoted for the current two listings.

Canary Park Condos asks an average of $3,713 per month at $4.95 per square foot, compared to the East Bayfront submarket average asking rent of $3,234 per month and $4.65 per square foot. The building's 6.5 percent premium on a per-square-foot basis is partly offset by its larger 750-square-foot average suite versus the submarket norm, meaning the higher nominal rent reflects additional living space rather than pure rate inflation. Canary Park Condos accounts for two out of 70 active listings in the East Bayfront submarket, a 2.9 percent share of total available inventory.

Canary Park Condos' all-time average realized lease rent of $2,595 per month sits $97 above the overall comp benchmark of $2,498, with the spread driven by two active peers trading below the subject and one newer competitor trading above it. Canary Block at 60 Tannery Rd (0.12 km, 9 closed leases) averaged $2,361 per month at $3.68 per square foot across 644 square feet, meaning the subject commands a $234-per-month higher rent. River City III at 170 Bayview Ave (0.13 km, 18 closed leases) averaged $2,307 per month at $3.90 per square foot across 657 square feet, placing the subject $288 per month higher. Canary Commons at 35 Rolling Mills Rd / 180 Mill St (0.2 km, 27 closed leases) averaged $2,826 per month at $4.17 per square foot across 696 square feet, so the subject trades at a $231-per-month lower rent. Harris Square – River City – 4 at 21 Lawren Harris Sq (0.1 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark to compare against.

Canary Park Condos leases at $3.96 per square foot across an average 657-square-foot suite, positioning it at a modest premium over two of three active nearby alternatives while offering a discount to the newest and largest competitor in the pocket. Against Canary Block (9 closed leases, $3.68 per square foot, 644 sq ft), the subject commands a $0.28-per-square-foot (7.6%) premium and provides 13 more interior square feet, so the higher monthly rent of $234 reflects both a richer rate and a slightly larger footprint rather than pure asset revaluation. River City III (18 closed leases, $3.90 per square foot, 657 sq ft) presents the tightest comparison: the subject trades at a $0.06-per-square-foot (1.5%) premium with identical average square footage, meaning the $288-per-month rent differential is driven almost entirely by rate rather than space. Canary Commons (27 closed leases, $4.17 per square foot, 696 sq ft) inverts the picture—the subject trades at a $0.21-per-square-foot (5.0%) discount and provides 39 fewer interior square feet, so the $231-per-month lower rent is a function of both the smaller envelope and the more competitive per-square-foot rate, making it the value-oriented choice for renters prioritizing cost over square footage.

Canary Park Condos offers a 14-feature lifestyle package that includes an outdoor pool, sauna and steam room, juice bar, and pet wash station—amenities that collectively set it apart from at least two of its three active competitors. River City III (170 Bayview Ave) matches the subject on the outdoor pool, yoga studio, and pet wash station but adds a dog run, product/tool library, and library & reading room that the subject lacks; conversely, the subject's sauna & steam room and juice bar are absent from River City III's roster. Canary Block (60 Tannery Rd) provides a business centre and dining room & kitchen not found at the subject, while the subject counters with its aquatic and wellness suite (outdoor pool, sauna & steam room) that Canary Block does not offer. Canary Commons (35 Rolling Mills Rd / 180 Mill St) includes a hobby room, kids' play room, and dining room & kitchen absent from the subject, yet it lacks the outdoor pool, sauna & steam room, juice bar, and games & billiards room that define the subject's recreational profile. The building's combination of aquatic recreation, dedicated wellness space, and a juice bar most directly serves young professionals and couples in the East Bayfront who want resort-style daily amenities without the family-oriented programming (kids' play rooms, dining kitchens) that dominates the newer 2020-to-2022 cohort.