2150 Condos I — Rental Market Data

2150 Condos – Phase 1 has three active rental listings as of August 31, 2026, spanning $2,200 to $2,500 per month with an average asking rent of $2,300 and a median of $2,200. The average suite measures 715 square feet at an asking rate of $3.46 per square foot. All three listings are single-unit entries across distinct layout tiers—1-Bedroom, 1-Bedroom + Den, and 2-Bedroom + Den—so inventory is evenly split rather than concentrated in compact entry-level or multi-bedroom executive formats.

No single layout dominates the active inventory at 2150 Condos – Phase 1, as each of the three available units occupies a different bedroom tier at 33.3 percent share. The 1-Bedroom (550 sq ft, $2,200, $4.00 per square foot) and 1-Bedroom + Den (550 sq ft, $2,200, $4.00 per square foot) both list at the entry price point, while the 2-Bedroom + Den (1,046 sq ft, $2,500, $2.39 per square foot) commands the peak rent at a materially lower per-square-foot rate. Each tier is represented by a single listing, so renters cannot compare multiple units within the same layout.

At 2150 Condos – Phase 1, the active asking range runs from $2,200 to $2,500 per month, a $300 spread representing 13.6 percent of the entry price. The median asking rent is $2,200. The entry-level suite is a 1-Bedroom + Den at 550 square feet and $4.00 per square foot, while the peak listing is a 2-Bedroom + Den at 1,046 square feet and $2.39 per square foot, illustrating how the larger footprint compresses the per-square-foot rate despite the higher nominal rent.

Den premiums at 2150 Condos – Phase 1 cannot be reliably quantified from the current active sample, as the den square-footage delta and marginal cost per square foot are both unrecorded. Parking stall costs likewise cannot be isolated from the available data; the paired sample is insufficient to produce a dependable monthly premium figure, and no verified parking add-on should be assumed when budgeting for a unit in this building.

2150 Condos – Phase 1 asks an average of $2,300 per month at $3.46 per square foot, compared to the Scarborough West submarket asking benchmark of $2,527 per month and $3.32 per square foot. The building's nominal rent is $227 below the submarket average, but that gap is explained by the 46-square-foot smaller average footprint (715 versus 761 square feet); on a per-square-foot basis the building actually trades 4.2 percent above the submarket asking rate. The three active listings represent 3 out of 47 available units in the broader Scarborough West submarket, or roughly 6.4 percent of total active inventory.

2150 Condos – Phase 1 realized an average lease rent of $2,236 per month over the trailing year, sitting $224 below the four-comp blended benchmark of $2,460 and below every active peer in the immediate pocket. The closest and most active competitor, 2150 Condos – Phase 2 at 2150 Lawrence Ave E (0.11 km, 20 closed leases), averaged $2,228 per month at $3.72 per square foot across 603-square-foot suites, placing the subject just $8 higher on a monthly basis. 2150 Condos – Phase 3 at 2152 Lawrence Ave E (0.1 km, 5 closed leases) averaged $2,510 per month at $3.09 per square foot over 829 square feet, meaning the subject trades at a $274-per-month discount relative to that phase. The two single-transaction references—301 Prudential Drive Condos (1.41 km, 1 closed lease, $2,600 average) and 895 Kennedy Condos (1.5 km, 1 closed lease, $2,500 average)—each recorded only one lease transaction over the trailing 180 days, so their figures serve as directional reference points rather than robust pricing benchmarks. In every case the subject's lower nominal rent reflects its smaller 706-square-foot average suite rather than a weaker asset valuation.

At $3.22 per square foot and 706 average square feet, 2150 Condos – Phase 1 offers a mid-range rate-per-foot profile that splits the difference between the premium 2020 phases and the discounted 1970s towers in its immediate catchment. Against 2150 Condos – Phase 2, the subject trades at a $0.50-per-square-foot (13.4%) discount while providing 103 more interior square feet, so renters gain roughly 17 percent more living area for a lower per-foot rate despite the $8-per-month nominal premium. Against Phase 3, the subject commands a $0.13-per-square-foot (4.2%) premium but delivers 123 fewer square feet, meaning the higher per-foot rate is offset by a more compact footprint that keeps the total monthly outlay $274 lower. Versus 301 Prudential Drive Condos, the subject carries a $0.48-per-square-foot (17.5%) premium yet provides 244 fewer square feet, a trade-off that favours renters who prioritise modern finishes and amenities over raw floor area. Against 895 Kennedy Condos, the subject trades at a $0.11-per-square-foot (3.3%) discount while offering 44 fewer square feet, a near-neutral exchange where the subject's 2016 construction and full amenity package carry the value differential rather than the rate itself.

2150 Condos – Phase 1 fields a ten-point amenity suite spanning aquatic, fitness, social, and outdoor recreation, positioning it well above the zero-amenity 895 Kennedy Condos and on par with its 2020 sister phases. The building's indoor pool, hot tub and jacuzzi, rooftop terrace, games and billiards room, outdoor children's playground, and garden courtyard collectively match or exceed what Phase 3 offers, with the sole exception of a dedicated meeting room that Phase 3 includes but the subject does not. Phase 2 adds a dining room and kitchen absent from the subject's package, while the subject retains a games and billiards room that Phase 2 omits. Compared with 301 Prudential Drive Condos, the subject swaps the older tower's sauna and steam room and shared laundry for a BBQ area, rooftop terrace, outdoor playground, and garden courtyard—features entirely missing from the 1978 building. 895 Kennedy Condos provides no common lifestyle or recreational facilities whatsoever, operating as a bare-bones residential structure. The subject's amenity mix best serves young professionals and small families in Scarborough West who want resort-style recreation, a fitness centre, and outdoor social space without paying the 2020-phase premium or settling for a 1970s tower with no shared facilities.