East — Rental Market Data

East at 138 Princess St has one active listing as of August 31, 2026, asking $2,400 per month with an average and median rent of $2,400. The unit spans 650 square feet at $3.69 per square foot and is configured as a one-bedroom plus den, representing 100 percent of current available inventory. With only a single listing on the market, the building offers no multi-bedroom or executive-tier options, and the compact 650-square-foot footprint positions this as an entry-level offering rather than a larger family layout.

The sole active layout at East is the one-bedroom plus den, accounting for 100 percent of available inventory with a single listing. That unit asks $2,400 per month across 650 square feet at $3.69 per square foot, and no other bedroom tiers—studio, two-bedroom, or three-bedroom—are currently listed. Renters seeking alternative configurations must look to the broader St. Lawrence submarket, which holds 116 active listings across multiple buildings.

East at 138 Princess St shows a minimum and maximum asking rent of $2,400 per month, producing a zero-dollar and zero-percent spread across its single active listing. The entry-level suite is a one-bedroom plus den at 650 square feet and $3.69 per square foot, which is also the peak offering since no larger or more expensive unit is currently on the market. With only one unit available, there is no internal price gradient for renters to navigate, and the asking price stands as both the floor and the ceiling for this building.

Den premium costs at East cannot be reliably quantified from current active data, as no paired comparison between den and non-den suites is available to isolate the marginal dollar cost per square foot of additional den space. Parking stall premiums are likewise unquantifiable; the available sample is flagged as an unreliable outlier or insufficient paired set, so no specific monthly parking fee can be quoted with confidence. Renters should request direct confirmation of any parking or den add-on costs from the leasing office before signing a lease.

East's active asking rent of $2,400 per month and $3.69 per square foot both sit below the St. Lawrence submarket averages of $2,934 per month and $4.51 per square foot, a rate-based discount of 18.2 percent. The nominal rent gap narrows when accounting for suite size: the building's 650-square-foot footprint closely matches the submarket implied average of 651 square feet, so the lower asking price reflects a genuine rate advantage rather than a size-driven illusion. East's single listing represents 1 out of 116 available units in the submarket, a 0.9 percent share of total active inventory.

East's average realized lease rent of $2,975 per month exceeds the four-comparable benchmark of $2,362 by $613, outpacing every nearby peer on a nominal basis. Against Abbey Lane Lofts at 261 King St E (0.04 km, 3 closed leases, $2,150 average rent, $2.56 per square foot, 841 square feet), East commands a $825-per-month premium. King + Condos at 39 Sherbourne St (0.06 km, 10 closed leases, $2,463 average rent, $3.83 per square foot, 655 square feet) trails East by $512 per month. The Whitfield at 180 Front Street E (0.07 km, 79 closed leases, $2,331 average rent, $4.21 per square foot, 567 square feet) sits $644 below East's realized figure. Kings Court at 230 King St E (0.08 km, 11 closed leases, $2,505 average rent, $4.52 per square foot, 581 square feet) is $470 lower than East. All four competitors recorded active lease transactions over the trailing 180 days, so each provides a realized pricing benchmark rather than a reference-only data point.

East's leased rate of $3.66 per square foot across 825 square feet positions the building below the submarket average of $4.22 per square foot while delivering significantly more interior space than three of four active competitors. Against King + Condos (0.06 km), East trades at a $0.17-per-square-foot discount (4.4% below the comp's $3.83 rate) while providing 170 more interior square feet; the higher nominal rent is driven entirely by the larger footprint, not by a per-unit valuation premium. The Whitfield (0.07 km) carries a $0.55-per-square-foot premium over East ($4.21 versus $3.66), yet East still provides 258 more square feet per suite, meaning the rent gap reflects space volume rather than asset quality. Kings Court (0.08 km) commands a $0.86-per-square-foot advantage ($4.52 versus $3.66) while offering 244 fewer square feet, reinforcing that East's total monthly cost is higher purely because of its generous interior area. The one exception is Abbey Lane Lofts (0.04 km), where East commands a $1.10-per-square-foot premium (43% above the comp's $2.56 rate) while providing 16 fewer square feet—a genuine per-unit valuation gap in a 2003-era building with minimal amenities.

East provides a mid-tier amenity suite—concierge and security, gym and fitness centre, yoga studio, party and lounge room, meeting room, and BBQ area—that substantially exceeds Abbey Lane Lofts' single concierge offering but trails the amenity-rich profiles of The Whitfield and Kings Court. Against King + Condos (0.06 km), East lacks a media and theatre room, car-share program, and dedicated fibre infrastructure; against The Whitfield (0.07 km), the gap widens to include a business centre, games and billiards room, dining room and kitchen, rooftop terrace, indoor kids' play room, outdoor children's playground, pet wash station, and garden café; against Kings Court (0.08 km), East does not offer a car wash bay, hot tub and jacuzzi, sauna and steam room, or rooftop terrace. East's package—fitness-focused with a yoga studio and meeting room but no aquatic, wellness-spa, rooftop, or family-oriented facilities—best serves young professionals and small households in the St. Lawrence pocket who prioritize a well-equipped gym, flexible work space, and social lounge over resort-style recreation or family amenities.