Emerald Gate — Rental Market Data

Emerald Gate has four active listings as of August 31, 2026, with asking rents ranging from $1,699 to $3,500 per month, an average of $2,587 and a median of $2,575. The active inventory averages 1,013 square feet at $2.53 per square foot, and 75 percent of available units are two-bedroom-plus-den layouts, indicating the current supply leans toward multi-bedroom executive configurations rather than compact entry-level suites.

The dominant active layout at Emerald Gate is the two-bedroom-plus-den, with three listings representing 75 percent of available inventory at an average asking rent of $2,883 per month across 1,100 square feet and a rate of $2.62 per square foot. The single one-bedroom listing accounts for the remaining 25 percent, asking $1,699 per month for 750 square feet at $2.27 per square foot.

Emerald Gate's active asking rents span from a $1,699 entry point to a $3,500 peak, producing a dollar spread of $1,801 and a percentage spread of 106 percent. The median asking rent sits at $2,575 per month. The entry-level suite is a one-bedroom at 750 square feet priced at $2.27 per square foot, while the peak listing is a two-bedroom-plus-den at 1,250 square feet asking $2.80 per square foot.

Active den premiums at Emerald Gate cannot be reliably quantified due to insufficient paired sample data, and the marginal cost per square foot for additional den space remains uncalculated. Parking stall costs are likewise unquoted; the available data set contains anomalous outliers or an insufficient number of paired listings to isolate a dependable monthly parking add-on.

Emerald Gate's active asking rent of $2,587 per month and $2.53 per square foot compare favourably against the Cooksville submarket benchmarks of $2,386 per month and $3.33 per square foot, placing the building 24 percent below the submarket asking rate per square foot. The nominal rent premium over the submarket average is explained by Emerald Gate's larger average suite footprint of 1,013 square feet versus the submarket norm. The building currently holds four out of 31 active listings in the Cooksville submarket, representing roughly 13 percent of total available inventory.

Emerald Gate's all-time average realized lease rent of $2,335 per month sits $56 below the four-comp benchmark of $2,391, with the spread driven by the three Hillcrest peers pricing above the subject and the newer Arte Residences pricing below it. Classique Residences at 155 Hillcrest Ave (0.02 km, 4 closed leases) averaged $2,481 per month at $3.30 per square foot across 879 square feet, placing the subject $146 lower in nominal rent. Carlyle Classique at 145 Hillcrest Ave (0.1 km, 5 closed leases) averaged $2,450 per month at $2.56 per square foot across 960 square feet, with the subject trading $115 lower. The Carlyle II at 115 Hillcrest Avenue (0.14 km, 7 closed leases) averaged $2,500 per month at $2.63 per square foot across 956 square feet, putting the subject $165 below that mark. Arte Residences at 3009 Novar Rd (0.55 km, 27 closed leases) averaged $2,132 per month at $3.73 per square foot across 576 square feet, meaning the subject commands a $203 higher monthly rent despite offering 387 more square feet of interior space.

Emerald Gate leases at $2.45 per square foot across an average 963-square-foot suite, a rate that trades at a discount below every active nearby competitor on a per-square-foot basis while delivering more interior space than each one. Against Classique Residences, the subject offers a $0.85 per square foot (25.8%) discount and provides 84 more square feet of interior space, making the lower nominal rent a function of the larger footprint rather than weaker asset valuation. Versus Carlyle Classique, the subject trades at a $0.11 per square foot (4.3%) discount with 3 additional square feet, a near-identical footprint at a slightly more competitive rate. The Carlyle II shows a $0.18 per square foot (6.8%) discount in the subject's favour with 7 more square feet, again a marginal footprint advantage at a lower per-square-foot cost. Arte Residences presents the sharpest contrast: the subject trades at a $1.28 per square foot (34.3%) discount while providing 387 more square feet, meaning a renter paying $203 more per month at Emerald Gate gains nearly 67% additional interior space—a trade-off that favours tenants prioritizing room over building age.

Emerald Gate offers an 11-item amenity suite anchored by a Library & Reading Room, Pet Wash Station, and Tennis & Pickleball Court—features that distinguish it from the three Hillcrest peers but overlap with Arte Residences on the pet-wash offering. The subject lacks the Rooftop Terrace present at all four competitors, the Indoor Pool exclusive to Classique Residences, the Hot Tub & Jacuzzi at Carlyle Classique, and the Business Centre or Meeting Room found at Classique Residences, The Carlyle II, and Arte Residences. Where Emerald Gate genuinely differentiates is its dedicated Library & Reading Room (absent from every comp), its Pet Wash Station (shared only with the 2025 Arte delivery), and its Squash & Racquetball Court combined with a Tennis & Pickleball Court pairing that only Carlyle Classique matches. The building's lifestyle package—recreational courts, a quiet reading space, and pet-care convenience without rooftop or business-centre infrastructure—best serves cost-conscious professionals and small pet-owning households who prioritize active recreation and low-maintenance living over co-working or social-entertainment amenities.