Universal City Tower 3 — Rental Market Data

Universal City Tower 3 has five active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,750 per month, an average of $2,530 and a median of $2,600. The average active suite measures 732 square feet at an asking rate of $3.56 per square foot. Inventory leans toward multi-bedroom executive layouts, with two-bedroom units comprising 60 percent of available stock and one-bedroom-plus-den suites making up the remaining 40 percent.

The dominant active layout at Universal City Tower 3 is the two-bedroom, with three listings representing 60 percent of current inventory at an average asking rent of $2,683 per month across 854 square feet and a rate of $3.14 per square foot. The one-bedroom-plus-den tier accounts for two listings (40 percent) at a flat $2,300 per month across 550 square feet, equating to $4.18 per square foot. Both tiers offer a small selection of two units each, giving renters limited but non-trivial choice within each bedroom category.

Universal City Tower 3's active asking rents span from $2,300 to $2,750 per month, a $450 spread representing a 19.6 percent range. The median asking rent sits at $2,600 per month. The entry-level option is a one-bedroom-plus-den suite of 550 square feet priced at $4.18 per square foot, while the peak listing is a two-bedroom unit of 850 square feet at $3.24 per square foot, reflecting the inverse relationship between suite size and per-square-foot rate within the current inventory.

Active den premiums at Universal City Tower 3 cannot be reliably quantified, as the paired-sample data required to isolate the marginal cost of den space is insufficient. Parking stall costs for active listings also cannot be reliably isolated due to anomalous outliers or an insufficient paired sample, so no specific monthly parking figure can be quoted with confidence. Historical lease data does confirm a verified average parking premium of $227 per month across closed transactions, which serves as a reasonable reference point for budgeting.

Universal City Tower 3's active asking average of $2,530 per month at $3.56 per square foot compares closely to the Pickering submarket asking benchmark of $2,542 per month at $3.58 per square foot, placing the building 0.6 percent below the submarket rate per square foot. The nominal rent is marginally lower than the submarket average, and the slightly larger average suite size of 732 square feet versus the submarket norm explains why the per-square-foot rate remains competitive despite the higher absolute dollar figure. Universal City Tower 3 currently holds five out of 23 available listings in the Pickering submarket, representing roughly 22 percent of total active inventory.

Universal City Tower 3's all-time average realized lease rent of $2,169 per month runs $311 below the four-comparable benchmark of $2,480, with every active competitor posting a higher average. Universal City - I at 1480 Bayly St (0.1 km, 16 closed leases) averaged $2,452 per month at $3.22 per square foot across 774 square feet; Universal City Two at 1455 Celebration Dr (0.15 km, 25 closed leases) averaged $2,241 per month at $3.53 per square foot across 654 square feet; SF3 – San Francisco by the Bay 3 at 1245-1255 Bayly St (0.87 km, 8 closed leases) averaged $2,378 per month at $3.26 per square foot across 744 square feet. Village at the Pines at 1525-1535 Diefenbaker Crt (0.81 km) recorded only one closed lease in the trailing 180 days at $2,850 per month, $2.59 per square foot, and 1,100 square feet, a single-transaction figure that offers limited statistical weight as a pricing reference.

Universal City Tower 3 leases at $3.30 per square foot across an average 664-square-foot suite, a rate that sits above the $3.15 per square foot comp average while its total footprint falls well short of the 818-square-foot comp mean. Against Universal City - I, the subject trades at a $0.08 per square foot (2.5%) premium while providing 110 fewer interior square feet, so the $283-per-month lower nominal rent is a direct function of the smaller suite rather than a weaker asset valuation. Versus Universal City Two, the subject offers a $0.23 per square foot (6.5%) discount and 10 more interior square feet, yet still closes at $72 per month below the competitor—a genuine value gap in both rate and space. Against SF3 – San Francisco by the Bay 3, the subject commands a $0.04 per square foot (1.2%) premium with 80 fewer square feet, again compressing the headline rent through footprint. Village at the Pines, with its single closed lease at $2.59 per square foot and 1,100 square feet, shows the subject trading at a $0.71 per square foot (27.4%) premium while delivering 436 fewer square feet, a trade-off that reflects the 28-year age gap between the two buildings.

Universal City Tower 3 offers a 13-feature lifestyle package that includes a Pet Wash Station, Games & Billiards Room, and Dining Room & Kitchen, positioning it as a mid-to-upper-tier amenity building within a peer set that ranges from three to sixteen features. The Pet Wash Station is absent from Universal City - I, Universal City Two, SF3 – San Francisco by the Bay 3, and Village at the Pines, giving the subject a distinctive pet-ownership edge. Universal City Two counters with a Business Centre, Tech Lounge, Cabanas, and a branded Universal City Piazza that the subject does not carry, while SF3 differentiates with a Hot Tub & Jacuzzi and Media & Theatre Room. Village at the Pines, built in 1997, offers only a Concierge & Security desk, Gym & Fitness Centre, and Library & Reading Room—a stark contrast to the subject's full aquatic, wellness, and social suite. The building's package best serves young professionals and small families in Pickering who want pool access, a dedicated pet-washing facility, and meeting space without stepping into the higher-rent, amenity-dense tier represented by Universal City Two.