Royal York Grand — Rental Market Data

Royal York Grand's average realized lease rent of $2,700 per month sits $107 below the overall comp benchmark of $2,807, with both active competitors pricing above the subject. Perspective at 25 Fontenay Crt (1.22 km, 4 closed leases) averaged $2,763 per month at $3.03 per square foot over 925 square feet, placing the subject $63 lower on a monthly basis. Perspective 2 at 35 Fontenay Crt (1.22 km, 2 closed leases) averaged $2,850 per month at $3.31 per square foot over 875 square feet, positioning the subject $150 below that benchmark. 61 Richview (0.76 km) and The Fountains of Edenbridge (1.16 km) each recorded zero closed leases in the trailing 180 days and therefore carry no realized rent figure to benchmark against.

Royal York Grand trades at a discount of $0.19 per square foot (6.3%) below Perspective and $0.47 per square foot (14.2%) below Perspective 2, while providing 25 and 75 more interior square feet respectively. Against Perspective, the subject's lower monthly rent of $63 is driven by a meaningfully lower rate per square foot—$2.84 versus $3.03—partially offset by the additional 25 square feet of interior space. The gap widens against Perspective 2, where the subject's $150 monthly savings reflect a steeper per-square-foot discount ($2.84 versus $3.31) that more than compensates for the 75-square-foot footprint advantage. In both cases, the nominal rent variance is a function of the building's lower rate per square foot rather than a smaller suite, meaning renters at Royal York Grand receive more living area at a lower cost per unit of space.

Royal York Grand offers a mid-tier lifestyle package of seven amenities—concierge and security, gym and fitness centre, party and lounge room, meeting room, games and billiards room, library and reading room, and rooftop terrace—that sits between the bare-bones 1973-era 61 Richview and the pool-and-spa-heavy 2016 Perspective pair. The subject's library and reading room is a feature absent from both Perspective and Perspective 2, while its rooftop terrace matches the outdoor amenity offered by those two buildings. What the subject lacks relative to the active 2016 competitors is an indoor pool, sauna and steam room, golf simulator, media and theatre room, BBQ area, and pet wash station—amenities that collectively push the Perspective pair into a higher per-square-foot price point. The building's package best serves cost-conscious professionals and small households who prioritize a quiet reading space, rooftop access, and a functional gym over aquatic or recreational luxury facilities.