Viva 2 - Building 1 — Rental Market Data

Viva 2 - Building 1 features 1 active listing as of August 31, 2026, with an asking price, average rent, and median rent per month all fixed at $2,000 per month. The active inventory spans an average of 585 square feet at an asking rate of $3.42 per square foot. One-bedroom units represent 100% of active inventory, showing that current availability focuses entirely on compact entry-level suites rather than multi-bedroom floor plans.

The dominant active layout at Viva 2 - Building 1 is the 1-Bedroom, accounting for 1 listing representing a 100% inventory share. This single tier averages $2,000 per month across 585 square feet at an asking rate of $3.42 per square foot. There are zero active units available across any other bedroom configurations.

Viva 2 - Building 1 records a minimum entry rent and peak asking rent of $2,000 per month, resulting in an asking spread of $0 per month (0%). The median asking rent sits at $2,000 per month. The entry-level suite consists of a 1-Bedroom layout spanning 585 square feet at $3.42 per square foot, matching the peak suite configuration identically.

Active den premium data for Viva 2 - Building 1 cannot be quantified as current listings do not feature den layouts or square footage deltas. Parking premium data cannot be reliably isolated due to an insufficient paired sample. Prospective tenants should verify parking stall availability and associated monthly fees directly with the leasing office.

Viva 2 - Building 1 asks an average rent of $2,000 per month at $3.42 per square foot, comparing to the Milton submarket average asking rent of $2,483 per month and submarket average asking rate of $3.57 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot tracks 4.2% below the submarket asking benchmark across its 1 active listing, representing 2.3% of the 44 total active listings in the submarket.

Viva 2 - Building 1 achieves an average lease rent of $2,300 per month at $2.85 per square foot, aligning closely with the overall competitive benchmark of $2,289 per month across nearby developments like Viva 2 - Building 2, Parkside Residences - The Fairmont, and the Ambassador Condominiums. Viva 2 - Building 2 at 1370 Costigan Rd reports an average lease rent of $1,950 per month, $3.55 per square foot, and an average square footage of 550. Parkside Residences - The Fairmont at 1379 Costigan Rd records an average lease rent of $2,400 per month, $2.53 per square foot, and 950 square feet. Ambassador Condominiums - Building 2 at 1419 Costigan Rd logs an average lease rent of $2,494 per month, $2.56 per square foot, and 998 square feet. Finally, Ambassador Condominiums - Building 3 at 1421 Costigan Rd posts an average lease rent of $2,313 per month, $3.08 per square foot, and 750 square feet.

Viva 2 - Building 1 establishes its value proposition through an average leased rate of $2.85 per square foot across an average footprint of 843 square feet, positioning it competitively against older, larger footprints and tighter sister properties in the micro-market. Renters evaluating Viva 2 - Building 1 versus Viva 2 - Building 2 (550 square feet at $3.55 per square foot) benefit from 293 more interior square feet and a lower rate of $2.85 per square foot (subject trades at a $0.70 per square foot or 19.7% discount, offering a lower and more competitive rate per square foot). Conversely, when compared with Parkside Residences - The Fairmont (950 square feet at $2.53 per square foot) and Ambassador Condominiums - Building 2 (998 square feet at $2.56 per square foot), tenants trade away 107 to 155 square feet of older living space to secure newer interior layouts at a slightly higher rate per square foot.

Viva 2 - Building 1 delivers a robust lifestyle and amenity package that matches or exceeds several immediate peers, making it well-suited for professionals and couples prioritizing fitness and social spaces. The building features a well-equipped Gym & Fitness Centre, a Party & Lounge Room, a dedicated Meeting Room, and an outdoor BBQ Area, closely mirroring the shared core amenities found at Viva 2 - Building 2. While Parkside Residences - The Fairmont offers only basic Concierge & Security and a Party & Lounge Room, and Ambassador Condominiums - Building 3 provides a Library & Reading Room alongside standard fitness and social spaces, Viva 2 - Building 1 outpaces them in everyday recreational utility. Although larger properties like Ambassador Condominiums - Building 2 incorporate extensive extras such as a Pool, Rooftop Terrace, Pet Wash Station, and Games & Billiards Room, Viva 2 - Building 1 successfully captures value-conscious renters who want core modern amenities without paying the higher carrying costs associated with sprawling resort-style complexes.