University — Rental Market Data

University features 1 active listing as of August 31, 2026, commanding a flat asking price range of $4,950 per month with an average and median rent of $4,950 per month. The active inventory spans an average of 1,176 square feet at an asking rate of $4.21 per square foot. The dominant active layout accounts for 100 percent of current inventory, skewing availability entirely toward spacious multi-bedroom executive configurations rather than compact entry-level suites.

The dominant active layout at University is the 2-Bedroom + Den, accounting for 1 listing and a 100 percent inventory share. This single available tier features an average asking rent of $4,950 per month across an average of 1,176 square feet, yielding an average rate of $4.21 per square foot.

University exhibits a minimum entry rent and peak asking rent of $4,950 per month, resulting in a dollar spread of $0 and an overall percentage spread of 0 percent. Median asking rent matches this figure at $4,950 per month. The entry-level suite consists of a 2-Bedroom + Den configuration spanning 1,176 square feet at $4.21 per square foot, which is identical to the peak suite metrics as the building currently maintains a uniform active inventory.

University has an active den premium dollar amount and square footage delta of null. Den size differentials cannot be quantified due to the single-listing inventory structure. Active parking premium data cannot be reliably isolated from current listings due to an insufficient sample, though verified historical leases recorded parking stall costs at $300 per month.

University asks an average rent of $4,950 per month at $4.21 per square foot, comparing against the Entertainment District submarket asking benchmarks of $3,542 per month and $5.53 per square foot. The building's nominal monthly rent appears higher than the submarket average because current inventory consists of a uniquely large 1,176 square foot suite. On a per square foot basis, the building trades at 23.9 percent below submarket asking averages while representing 0.7 percent of total submarket active inventory.

University achieves an average lease rent that aligns closely with the overall competitive benchmark of $2,803 per month, trading competitively against key nearby assets like Studio and Qwest. Studio (199 Richmond St W) reports an average lease rent of $2,833 per month at $4.40 per square foot across an average of 656 square feet. Qwest (168 Simcoe St) records an average lease rent of $3,133 per month at $4.19 per square foot across an average of 747 square feet. Boutique Condos II (126 Simcoe St) averages $2,695 per month at $4.18 per square foot across 652 square feet. Finally, Boutique Condos I (21 Nelson St) reports an average lease rent of $2,550 per month at $4.19 per square foot across an average of 626 square feet.

University offers a highly balanced value proposition, trading at $4.20 per square foot across an average size of 683 square feet against a submarket average asking rate of $5.53 per square foot. Renters at University benefit from larger average floor plans than most immediate peers—providing 27 more square feet than Studio, 31 more square feet than Boutique Condos II, and 57 more square feet than Boutique Condos I—while maintaining efficient pricing that undercuts newer, premium-priced product in the Entertainment District. While older alternatives like Qwest offer larger average footprints of 747 square feet, University delivers a modernized mid-2000s construction standard that optimizes layout utility without the higher utility burdens or dated interior layouts often found in turn-of-the-millennium towers.

University delivers a robust lifestyle and amenity package that stands on par with surrounding high-density competitors in the Entertainment District. Signature amenities at the subject building include a dedicated concierge and security service, a fully equipped gym and fitness centre, a tranquil yoga studio, a relaxing sauna and steam room, and an expansive rooftop terrace complete with a BBQ area, putting green, and jogging track. When contrasted with neighbours, University matches the fitness and social offerings of Studio (which features an outdoor pool, hot tub, and OCADU public art gallery) and Boutique Condos II (which includes indoor and outdoor pools, outdoor fire pits, and a business centre), while exceeding the baseline package of older buildings like Qwest. This curated mix particularly serves urban professionals and fitness-conscious renters seeking comprehensive wellness and outdoor entertainment spaces without leaving the building.