Manhattan Place — Rental Market Data

Manhattan Place lists two active units as of August 31, 2026, with asking rents spanning $3,500 to $4,300 per month, an average of $3,900, and a median of $3,900. The average suite measures 1,470 square feet at an asking rate of $2.68 per square foot, and the inventory splits evenly between a 1-Bedroom + Den (50 percent share) and a 2-Bedroom + Den (50 percent share). Both active listings carry a den, positioning the available stock toward larger, multi-functional family layouts rather than compact entry-level one-bedrooms.

The dominant active layout at Manhattan Place is the 1-Bedroom + Den, represented by one listing and holding a 50 percent share of available inventory. That suite asks $3,500 per month across 1,240 square feet at $2.82 per square foot, while the sole 2-Bedroom + Den listing carries a $4,300 monthly ask over 1,700 square feet at $2.53 per square foot. Each tier is a single listing, so renters face a binary choice with no additional options in either bedroom category.

Manhattan Place's two active listings span a $800 dollar spread from a $3,500 entry rent to a $4,300 peak asking rent, a 22.9 percent range. The median asking rent sits at $3,900 per month, splitting the spread almost evenly. The entry-level suite is a 1-Bedroom + Den measuring 1,240 square feet at $2.82 per square foot, while the peak offering is a 2-Bedroom + Den at 1,700 square feet and $2.53 per square foot, reflecting the larger footprint diluting the per-foot rate.

Manhattan Place's active den premium and the associated square-footage delta between den-equipped and den-free suites cannot be quantified from the current two-unit sample, as both active listings already include a den and no paired comparison exists. Parking stall costs likewise cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, so no specific monthly parking figure should be quoted to renters.

Manhattan Place's active asking rent of $3,900 per month and $2.68 per square foot compare against the North York City Centre submarket averages of $2,753 per month and $3.84 per square foot, placing the building 30.2 percent below the submarket on a rate-per-foot basis. The higher nominal monthly rent is fully explained by suite size: Manhattan Place's average active footprint of 1,470 square feet dwarfs the smaller units that drive the submarket's lower average rent. The building holds two of the 216 active listings in the submarket, representing roughly 0.9 percent of total available inventory.

Manhattan Place's average realized lease rent of $4,250 per month sits $1,632 above the four-comp benchmark of $2,618, with every nearby competitor closing leases at a lower nominal figure. Madison Centre (100 Upper Madison Ave, 0.07 km) recorded 6 closed leases averaging $3,354 per month at $2.88 per square foot across 1,167 square feet; Broadway II (155 Beecroft Rd, 0.11 km) closed 18 leases at $2,336 per month, $3.69 per square foot, and 638 square feet; Broadway I (153 Beecroft Rd, 0.12 km) logged 11 leases at $2,314 per month, $4.27 per square foot, and 559 square feet; and Ultima I – North (4978 Yonge St, 0.16 km) posted 21 leases at $2,468 per month, $3.55 per square foot, and 707 square feet. All four competitors show active closed-lease volume, so each provides a realized rent benchmark rather than a listing-only reference.

Manhattan Place trades at $2.78 per square foot across 1,528 square feet, a rate that sits below every active competitor's per-square-foot figure while delivering the largest interior footprint in the immediate cluster. Against Madison Centre, the subject trades at a $0.10 per square foot (3.5%) discount and provides 361 more interior square feet; against Broadway II, the discount widens to $0.91 per square foot (24.7%) with 890 additional square feet; against Broadway I, the gap reaches $1.49 per square foot (34.9%) and 969 extra square feet; and against Ultima I – North, the subject offers a $0.77 per square foot (21.7%) discount with 821 more square feet. The higher nominal rent at Manhattan Place is therefore driven by the substantially larger suite footprint rather than a premium per-unit valuation—renters pay more in absolute dollars because they are leasing roughly 700 to 970 additional square feet of living space, not because the building commands a higher rate for equivalent space.

Manhattan Place fields a 14-amenity package that includes two features absent from every nearby competitor: a dedicated basketball court and an on-site convenience store. Madison Centre (1988) differentiates with an outdoor pool, hot tub, and EV charging station; Broadway II (2004) adds a hot tub and jacuzzi; Broadway I (2004) offers a media and theatre room plus EV charging; and Ultima I – North (2005) includes a golf simulator and media theatre. Manhattan Place's indoor pool, squash and racquetball court, basketball court, library, rooftop terrace, and convenience store collectively target a lifestyle-oriented, family-friendly renter demographic that values active recreation, on-site retail convenience, and multi-sport facilities over the boutique wellness or tech-adjacent amenities (golf simulators, EV charging) favored by the 2004–2005 cohort.