Adelaide Square — Rental Market Data

Adelaide Square has two active rental listings as of August 31, 2026, with asking rents ranging from $2,250 to $2,600 per month, an average of $2,425 per month, and a median of $2,425 per month. Both units are 550 square feet at an average asking rate of $4.41 per square foot, and the entire active inventory is 100 percent one-bedroom layout. The building's current availability leans squarely toward compact entry-level one-bedroom suites rather than multi-bedroom executive configurations, with no two- or three-bedroom units currently on the market.

The dominant and sole active layout at Adelaide Square is the one-bedroom, with both available units representing 100 percent of the building's active inventory. Each one-bedroom suite averages 550 square feet at $2,425 per month, yielding an asking rate of $4.41 per square foot across the small two-unit sample. No other bedroom tiers are currently listed, so renters seeking two-bedroom or larger configurations will need to look to other buildings in the Downtown West submarket.

Adelaide Square's two active listings span a $350 spread, from a minimum entry rent of $2,250 per month to a peak asking rent of $2,600 per month, a 15.6 percent range. The median asking rent sits at $2,425 per month, splitting the difference between the two units. The entry-level suite is a 550-square-foot one-bedroom at $4.09 per square foot, while the peak unit is also a 550-square-foot one-bedroom priced at $4.73 per square foot, indicating the spread reflects unit-specific positioning rather than a difference in layout or size.

Adelaide Square does not currently have quantified den premium data, as no active listings include a separate den configuration to isolate marginal cost per square foot for additional den space. Verified parking is available at a confirmed $350 per month premium, giving renters a clear and reliable add-on cost for a dedicated parking stall.

Adelaide Square's average asking rent of $2,425 per month at $4.41 per square foot sits below the Downtown West submarket average asking rent of $3,080 per month and $4.81 per square foot, a gap of 8.3 percent on a per-square-foot basis. The building's 550-square-foot suites are 90 square feet smaller than the submarket implied average of 640 square feet, which explains a significant portion of the lower nominal rent despite the per-square-foot discount. Adelaide Square accounts for two out of 170 active listings in the Downtown West submarket, representing roughly 1.2 percent of total available inventory in the area.

Adelaide Square's average realized lease rent of $2,495 per month sits $578 below the four-comparable benchmark of $3,073, with every nearby competitor recording a higher monthly figure. oneeleven at 111 Bathurst St (0.09 km, 13 closed leases) averages $3,821 per month at $6.57 per square foot across 630 square feet; Musee at 525 Adelaide St W (0.14 km, 28 closed leases) averages $2,739 per month at $4.20 per square foot across 655 square feet; Six50 King West – Bathurst Building at 95 Bathurst St (0.15 km, 4 closed leases) averages $2,850 per month at $4.05 per square foot across 700 square feet; and The Harlowe at 608 Richmond Street West (0.15 km, 20 closed leases) averages $2,880 per month at $4.48 per square foot across 652 square feet. All four competitors posted active lease volume, so each provides a realized pricing benchmark rather than a speculative asking figure.

Adelaide Square's leased rate of $4.54 per square foot across 550 square feet positions the building at a modest premium over three of four nearby active competitors while offering fewer interior square feet than each one. Against Musee ($4.20 per square foot, 655 sq ft), the subject commands a $0.34 per square foot premium yet provides 105 fewer interior square feet, meaning the lower nominal rent of $244 per month is driven by the smaller footprint rather than a weaker per-unit valuation. Six50 King West – Bathurst Building ($4.05 per square foot, 700 sq ft) shows the same pattern: the subject trades at a $0.49 per square foot premium while delivering 150 fewer square feet, and the $355-per-month rent gap reflects that compact layout. The Harlowe ($4.48 per square foot, 652 sq ft) is the closest rate match, with the subject commanding just a $0.06 per square foot premium and 102 fewer square feet, producing a $385-per-month differential. oneeleven ($6.57 per square foot, 630 sq ft) is the outlier: here the subject trades at a $2.03 per square foot discount and 80 fewer square feet, with a $1,326-per-month rent gap that reflects both the rate gap and the newer building's premium positioning.

Adelaide Square offers a mid-tier lifestyle package—concierge and security, a gym and fitness centre, a party and lounge room, a meeting room, and a BBQ area—that covers core daily needs but lacks the rooftop terraces, aquatic facilities, and media rooms that define its immediate competitors. oneeleven adds a media and theatre room, games and billiards room, rooftop terrace, and dining room and kitchen that Adelaide Square does not provide; Musee layers on an outdoor pool, hot tub and jacuzzi, sauna and steam room, yoga studio, rooftop terrace, garden and courtyard, convenience store, and cabanas; Six50 King West – Bathurst Building includes a rooftop terrace and garden and courtyard; and The Harlowe contributes a dining room and kitchen, media and theatre room, garden and courtyard, and rooftop terrace. The subject's gym and fitness centre is a genuine differentiator against oneeleven, which lists no dedicated fitness facility, but the absence of any rooftop outdoor space, aquatic or wellness features, or dedicated dining area places Adelaide Square squarely in the functional, cost-conscious tier of this Bathurst-and-Adelaide pocket. The building best serves budget-sensitive professionals and young renters who prioritize a walkable downtown West address, reliable concierge access, and a basic fitness option over resort-style amenities and premium square footage.