The Verdale II — Rental Market Data

The Verdale II has one active listing as of August 31, 2026, asking $2,400 per month, with both the average and median rent at $2,400. The suite measures 710 square feet at an asking rate of $3.38 per square foot, and the 100 percent layout share is a 1-Bedroom + Den configuration. With only a single unit available, inventory is neither skewed toward compact entry-level suites nor multi-bedroom executive layouts; it represents one mid-sized one-bedroom-plus-den offering in an otherwise fully occupied building.

The sole active layout at The Verdale II is the 1-Bedroom + Den, accounting for 100 percent of available inventory with a single listing. That unit asks $2,400 per month for 710 square feet at $3.38 per square foot, and no other bedroom tiers—studio, two-bedroom, or three-bedroom—are currently on the market. Renters seeking alternative configurations must look to the broader Markham City Centre submarket, where 95 additional active listings span a wider range of layouts.

The Verdale II's single active listing sets both the minimum and maximum asking rent at $2,400 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 1-Bedroom + Den at 710 square feet and $3.38 per square foot. With only one listing in the active pool, there is no internal price gradient to compare; the full spread analysis must be deferred to the 95 other active listings across the Markham City Centre submarket.

The Verdale II's active den premium and square-footage delta cannot be quantified from the current single-listing sample, as no paired comparison between den and non-den units exists in the active inventory. Marginal cost per square foot for additional den space is therefore uncalculable at this time. Parking stall premiums also cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, and no verified monthly parking add-on figure can be quoted for the active listing.

The Verdale II's active asking rent of $2,400 per month and rate of $3.38 per square foot both sit below the Markham City Centre submarket averages of $2,711 per month and $3.58 per square foot, respectively. The 5.6 percent discount on a per-square-foot basis partly reflects the active suite's 710 square feet, which is 47 square feet more compact than the submarket implied asking average of 757 square feet, so the lower nominal rent is consistent with a smaller footprint rather than a pricing concession. The building represents one out of 96 active listings in the submarket, or roughly 1.0 percent of total available inventory.

The Verdale II's one-year average realized rent of $2,467 per month sits $45 above the four-comp benchmark of $2,422, with the spread driven primarily by its slightly larger suite footprints relative to two of the four peers. The Verdale I at 111 Upper Duke Cres (0.05 km, 8 closed leases) averaged $2,348 per month at $3.46 per square foot for 688 square feet, meaning The Verdale II commands a $119 higher monthly rent. The Verdale on the Valley at 151 Upper Duke Cres (0.07 km, 8 closed leases) averaged $2,351 per month at $3.38 per square foot for 728 square feet, placing The Verdale II $116 above on nominal rent. Nexus North at 8130 Birchmount Rd (0.14 km, 9 closed leases) posted the highest comp rent at $2,532 per month for 809 square feet, $65 more than The Verdale II. Gallery Square – Tower A at 8119 Birchmount Rd (0.19 km, 30 closed leases) averaged $2,455 per month for 663 square feet, just $12 below The Verdale II's realized figure.

The Verdale II leases at $3.39 per square foot for an average 694-square-foot suite, trading at a modest discount to the submarket leased benchmark of $3.57 per square foot while offering a compact footprint 47 square feet below the submarket implied average of 757 square feet. Against The Verdale I (0.05 km), The Verdale II trades at a $0.07 per square foot (2.0%) discount while providing 6 more interior square feet, so the $119 higher nominal rent reflects the additional footprint rather than a per-square-foot premium. Versus The Verdale on the Valley (0.07 km), The Verdale II commands a $0.01 per square foot (0.3%) premium but delivers 34 fewer square feet, making the $116 rent differential a near-wash driven by the smaller interior. Against Nexus North (0.14 km), The Verdale II commands a $0.11 per square foot (3.4%) premium yet provides 115 fewer square feet; the $65 lower nominal rent is entirely a function of the reduced footprint, not a weaker per-square-foot valuation. Compared with Gallery Square – Tower A (0.19 km), The Verdale II trades at a $0.42 per square foot (11.0%) discount while offering 31 more square feet, so the $12 higher nominal rent reflects the larger suite rather than a rate advantage.

The Verdale II offers a full aquatic and wellness amenity package—including an indoor pool, sauna and steam room, and hot tub and jacuzzi—that distinguishes it from the newest competitor, Gallery Square – Tower A, which lacks all three wet-facility features. Against Nexus North (0.14 km), The Verdale II provides a meeting room and BBQ area that the 2014 building does not list, while Nexus North counters with a rooftop terrace and cold plunge pool absent from The Verdale II. The two sister buildings, The Verdale I and The Verdale on the Valley, carry nearly identical amenity rosters; The Verdale I adds a dining room and kitchen, and The Verdale on the Valley includes a garden and courtyard, features The Verdale II does not offer. Gallery Square – Tower A differentiates with pet-specific facilities (dog run, pet wash station), a yoga studio, basketball court, and library—lifestyle amenities The Verdale II does not provide. The Verdale II's package best serves the 25-to-45 professional renter who prioritizes in-building aquatic recreation, private wellness access, and a meeting room for remote work over outdoor or pet-oriented amenities.