Fuse 2 — Rental Market Data

Fuse 2's average realized lease rent of $2,160 per month lands $30 below the four-comp blended benchmark of $2,190, with the spread varying sharply depending on which peer you benchmark against. Fuse at 1410 Dupont St (0.07 km, 10 closed leases) realized an average of $2,263 per month at $3.65 per square foot across 620 square feet, meaning Fuse 2 trades at a $103-per-month lower rent. DuPont Loft Residences at 1401-1407 Dupont Street (0.14 km, 8 closed leases) averaged $1,738 per month at $2.92 per square foot over 600 square feet, so Fuse 2 commands a $422-per-month higher rent. UpsidedownCondos - I at 816 Lansdowne Ave (0.14 km, 6 closed leases) realized $2,384 per month at $3.59 per square foot across 665 square feet, placing Fuse 2 at a $224-per-month lower rent. Chelsea Lofts at 1375 Dupont St (0.16 km, 1 closed lease) recorded an average of $2,375 per month at $3.65 per square foot over 650 square feet, with Fuse 2 trading at a $215-per-month lower rent; given the single-transaction sample, Chelsea Lofts serves as a directional reference rather than a high-confidence pricing anchor.

Fuse 2 leases at $3.78 per square foot across an average 572-square-foot suite, a rate that sits $0.07 per square foot above the Junction submarket benchmark of $3.71 and well above the four-comp average of $3.45 per square foot, while the interior footprint runs 62 square feet smaller than the comp mean of 634. Against Fuse (0.07 km), the subject commands a $0.13-per-square-foot (3.6%) premium yet provides 48 fewer interior square feet, so the $103-per-month lower nominal rent is a direct function of the smaller footprint rather than a discount in asset valuation. DuPont Loft Residences (0.14 km) shows the widest gap: Fuse 2 trades at a $0.86-per-square-foot (29.5%) premium while offering 28 fewer square feet, and the $422-per-month higher rent reflects both the rate premium and the building's 2017 construction versus the 2000-era loft stock. UpsidedownCondos - I (0.14 km) presents the clearest space-versus-rate trade-off—Fuse 2 carries a $0.19-per-square-foot (5.3%) premium but delivers 93 fewer interior square feet, which explains why the nominal rent runs $224 lower despite the higher per-square-foot rate. Chelsea Lofts (0.16 km) mirrors the Fuse dynamic: a $0.13-per-square-foot (3.6%) premium with 78 fewer square feet, producing a $215-per-month lower rent that again traces to footprint rather than a weaker pricing position.

Fuse 2 fields a 13-item amenity suite anchored by an indoor pool, sauna and steam room, and rooftop terrace, a package that is materially broader than any single competitor in the immediate Dupont Street pocket. The indoor pool is the building's signature differentiator: none of the four comparables—Fuse, DuPont Loft Residences, UpsidedownCondos - I, or Chelsea Lofts—offers an aquatic facility, making Fuse 2 the only building within 160 metres that provides in-residence swimming. The sauna and steam room further separate Fuse 2 from Fuse, DuPont Loft Residences, and Chelsea Lofts, though UpsidedownCondos - I does match that wellness feature and adds a basketball court and his-and-hers changing rooms that the subject lacks. DuPont Loft Residences counters with on-site retail absent from Fuse 2, and Chelsea Lofts offers a garden and courtyard not found in the subject's amenity list. The net effect is a wellness-and-recreation-forward lifestyle package—pool, sauna, yoga studio, gym, and rooftop terrace—that targets young professionals and small households in the Junction who prioritise in-building fitness and social space over retail convenience or outdoor courtyard access.