Red Hot Condos - 1 & 2 — Rental Market Data

Red Hot Condos - 1 & 2 has three active listings as of August 31, 2026, spanning $2,200 to $2,500 per month with an average asking rent of $2,350 and a median of $2,350. The three suites average 618 square feet at an asking rate of $3.81 per square foot, and 100 percent of available inventory is one-bedroom layout. Current stock leans squarely toward compact entry-level one-bedroom suites rather than multi-bedroom executive configurations.

One-bedroom units account for all three active listings at Red Hot Condos - 1 & 2, representing 100 percent of available inventory. The tier averages $2,350 per month across 618 square feet at $3.81 per square foot, with a small selection of three units offering limited but genuine choice for renters. No studio, two-bedroom, or larger layouts are currently on the market.

Red Hot Condos - 1 & 2 shows an active asking spread of $300 per month (13.6 percent), ranging from a $2,200 entry point to a $2,500 peak. The median asking rent sits at $2,350 per month, anchoring the mid-range of the three available suites. The entry-level unit is a 550-square-foot one-bedroom at $4.00 per square foot, while the peak listing is a 650-square-foot one-bedroom at $3.85 per square foot, meaning the larger suite commands a higher total rent at a slightly lower rate per square foot.

Den premium data for Red Hot Condos - 1 & 2 cannot be quantified from the current active sample, as no paired den versus non-den listings are available to isolate a marginal cost per square foot. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample, so renters should request current parking rates directly from the leasing office rather than relying on a quoted figure.

Red Hot Condos - 1 & 2 asks an average of $2,350 per month at $3.81 per square foot, compared to the Don Mills submarket asking benchmark of $2,955 per month at $3.62 per square foot. The building trades 5.2 percent above the submarket on a per-square-foot basis, yet its nominal monthly rent is lower because the average active suite at 618 square feet is 198 square feet smaller than the submarket implied average of 816 square feet. Red Hot Condos represents three out of 69 total active listings in the Don Mills submarket, a 4.3 percent share of available inventory.

Red Hot Condos - 1 & 2 realized an average lease rent of $2,193 per month over the trailing year, which is $1,023 below the four-comp benchmark of $3,216 and places the subject at the lower end of this immediate Don Mills pocket. The Savoy at Camelot (16 Dallimore Circ, 0.21 km) closed one lease at $3,000 per month ($2.31 per square foot, 1,300 sq ft); Courtyards of Concorde I & II (18 Concorde Pl, 0.36 km) closed one lease at $2,550 per month ($3.19 per square foot, 800 sq ft); Highgate Residence II (3 Concorde Pl, 0.37 km) closed four leases averaging $4,869 per month ($7.40 per square foot, 693 sq ft); and Concorde Park I (5 Concorde Pl, 0.39 km) closed eleven leases at $2,443 per month ($3.03 per square foot, 832 sq ft). The subject trades at a lower monthly rent than all four competitors—$807 below The Savoy at Camelot, $357 below Courtyards of Concorde I & II, $2,676 below Highgate Residence II, and $250 below Concorde Park I—reflecting its smaller suite footprint rather than a weaker per-square-foot valuation.

Red Hot Condos - 1 & 2 leases at $3.82 per square foot across an average 586-square-foot suite, a rate that sits below the $3.98 comp benchmark and the $3.56 Don Mills submarket average while offering 198 fewer square feet than the submarket implied 816-square-foot norm. Against The Savoy at Camelot, the subject commands a $1.51 per square foot (65.4%) premium yet provides 714 fewer interior square feet, so the lower nominal rent is entirely a function of the compact footprint rather than a weaker asset valuation. Versus Courtyards of Concorde I & II, the subject trades at a $0.63 per square foot (19.7%) premium with 214 fewer square feet, and against Concorde Park I it carries a $0.79 per square foot (26.1%) premium with 246 fewer square feet. The one exception is Highgate Residence II, where the subject trades at a $3.58 per square foot (48.4%) discount and still provides 107 fewer square feet, meaning the subject's lower rent there reflects both a smaller suite and a genuinely lower per-square-foot rate against that premium 1984-era product.

Red Hot Condos - 1 & 2 fields a twelve-item lifestyle package anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, yoga studio, and a media and theatre room, giving it a broader aquatic-and-wellness footprint than The Savoy at Camelot (which offers only a sauna and steam room among wellness features) while still trailing the racquet-sport-heavy stacks at Courtyards of Concorde I & II, Highgate Residence II, and Concorde Park I. The subject's media and theatre room appears in none of the four competitors, and its outdoor terrace and BBQ area are absent from The Savoy at Camelot, Courtyards of Concorde I & II, and Concorde Park I. What the subject lacks—tennis and pickleball courts, squash and racquetball courts, a library and reading room, a dog run, and a rooftop terrace—matters most to renters who prioritize active-sport programming or co-working spaces. The package is best suited to cost-conscious professionals and young households who want resort-style aquatic and wellness amenities plus a dedicated entertainment room in a compact, low-maintenance suite without paying the premium for 800-plus-square-foot layouts or racquet-sport facilities.