Sapphire Condos - Building 1 — Rental Market Data

Sapphire Condos – Building 1 has two active listings as of August 31, 2026, with asking rents spanning $1,900 to $2,100 per month, an average of $2,000, and a median of $2,000. The two available suites average 591 square feet at a combined asking rate of $3.42 per square foot. Inventory is evenly split between a compact one-bedroom entry-level suite and a larger one-bedroom-plus-den layout, so neither tier offers multiple options for renters to compare.

The dominant active layout at Sapphire Condos – Building 1 is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $1,900 per month across 513 square feet and a rate of $3.70 per square foot. The remaining 50 percent is a single one-bedroom-plus-den unit listed at $2,100 per month for 668 square feet at $3.14 per square foot. Both tiers are single-listing samples, so renters should treat each as an individual deal rather than a market-rate signal.

Sapphire Condos – Building 1 shows a $200 spread between its minimum entry rent of $1,900 and peak asking rent of $2,100, a 10.5 percent range across the two active units. The median asking rent is $2,000 per month. The entry-level suite is a one-bedroom at 513 square feet priced at $3.70 per square foot, while the peak listing is a one-bedroom-plus-den at 668 square feet priced at $3.14 per square foot, reflecting the den unit's larger footprint pulling its per-square-foot rate lower despite the higher nominal rent.

Sapphire Condos – Building 1 carries a $200-per-month den premium for an additional 155 square feet of space, equating to a marginal cost of $1.29 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the current data due to an insufficient paired sample, so no specific monthly parking figure can be quoted with confidence.

Sapphire Condos – Building 1's active asking average of $2,000 per month sits below the Stoney Creek submarket asking benchmark of $2,180, yet its $3.42-per-square-foot rate exceeds the submarket asking rate of $3.01 per square foot by 13.6 percent. The nominal rent gap resolves through suite sizing: Sapphire's active listings average 591 square feet versus the submarket's broader mix, so the smaller footprint drives a higher per-square-foot cost despite a lower headline dollar figure. The building holds two of the 33 active listings in the Stoney Creek submarket, a 6.1 percent share of available inventory.

Sapphire Condos – Building 1 realized an average lease rent of $2,054 per month over the trailing year, sitting $26 below the four-building comp-set average of $2,080 and $24 above the Stoney Creek submarket benchmark of $2,030. The two active competitors frame this range: Sapphire Condos – Building 2 at 101 Shoreview Pl (0.13 km, 23 closed leases) averaged $2,023 per month at $3.37 per square foot across 604-square-foot suites, meaning the subject commands a $31-per-month higher realized rent than its sister building. Waterfront Trails at 35 Southshore Cres (0.23 km, 6 closed leases) averaged $2,137 per month at $3.53 per square foot across 614-square-foot suites, placing the subject $83 per month below that benchmark. Bayliner at 301 Frances Ave (0.31 km) and Shoreliner at 500 Green Rd (0.35 km) each recorded zero closed leases over the trailing 180 days and therefore carry no realized rent, per-square-foot, or square-footage benchmark for direct comparison.

Sapphire Condos – Building 1 offers a $3.21-per-square-foot leased rate across an average 645-square-foot suite, positioning it at a discount to both active competitors on a per-square-foot basis while delivering more interior space than either. Against Sapphire Condos – Building 2, the subject trades at a $0.16-per-square-foot (4.7%) discount yet provides 41 more square feet of interior space, so the $31-per-month higher nominal rent is driven entirely by the larger footprint rather than a rate premium. Against Waterfront Trails, the subject trades at a $0.32-per-square-foot (9.1%) discount and provides 31 more square feet, meaning the $83-per-month lower nominal rent reflects both a more competitive rate and a bigger unit. In both cases the renter gains additional living area without paying a per-square-foot premium, making the subject the higher-value option on a space-per-dollar basis within this immediate waterfront pocket.

Sapphire Condos – Building 1 provides a six-item amenity package—BBQ area, gym and fitness centre, games and billiards room, party and lounge room, meeting room, and rooftop terrace—that covers core social and wellness needs but omits the yoga studio found at both active competitors. Sapphire Condos – Building 2 adds a dedicated yoga studio and a communal waterfront area that the subject does not offer, while Waterfront Trails includes a yoga studio alongside its gym, rooftop terrace, and party lounge. The two zero-transaction 1977-era buildings, Bayliner and Shoreliner, list outdoor pools, saunas and steam rooms, hot tubs, car wash bays, woodworking rooms, and libraries—features absent from the subject's 2019 package. The subject's lifestyle mix of a rooftop terrace, meeting room, and games room targets young professionals and remote workers who prioritize flexible work-and-social space over aquatic or spa facilities, making it best suited to cost-conscious renters who value a modern, low-maintenance building with functional communal areas over resort-style recreation.