LTD — Rental Market Data

LTD's average realized lease rent of $2,431 per month sits $139 below the four-comp benchmark of $2,570, placing it at the lower end of this immediate Fort York rental pocket. The Yards at Fort York (20 Bruyeres Mews, 0.03 km, 19 closed leases) averaged $2,579 per month at $3.93 per square foot across 661 square feet, meaning the subject trades at a rent $148 lower than that nearest neighbour. Harbourfront (600 Fleet Street, 0.05 km, 15 closed leases) recorded $2,443 per month at $4.21 per square foot over 586 square feet, a gap of just $12 above the subject. Fortune at Fort York (38 Iannuzzi Street, 0.07 km, 28 closed leases) averaged $2,503 per month at $4.64 per square foot across 551 square feet, $72 above the subject's realized rent. The LakeFront – LakeShore East Tower (17 Bathurst Street, 0.08 km, 33 closed leases) posted the highest average at $2,753 per month, $4.56 per square foot, and 615 square feet, leaving the subject $322 below that benchmark. All four competitors posted active closed-lease volume, so each figure represents a realized transaction rather than an asking price.

LTD's leased rate of $4.08 per square foot across an average 599-square-foot suite undercuts the submarket leased benchmark of $4.36 per square foot by roughly 6.4 percent, while its interior footprint lands within four square feet of the four-comp average of 603 square feet. Against The Yards at Fort York, the subject trades at a $0.15 per square foot (3.8 percent) premium yet provides 62 fewer interior square feet, so the lower nominal rent is entirely a function of the smaller footprint rather than a cheaper rate. With Harbourfront, the subject trades at a $0.13 per square foot (3.1 percent) discount while delivering 13 more interior square feet, meaning renters gain both space and a lower per-square-foot cost. Fortune at Fort York shows the widest per-square-foot gap: the subject trades at a $0.56 per square foot (12.1 percent) discount and provides 48 more interior square feet, making it the most space-efficient option in the cluster for budget-sensitive tenants. The LakeFront – LakeShore East Tower carries a $0.48 per square foot (10.5 percent) premium over the subject, and the subject provides 16 fewer interior square feet, so the lower monthly rent here reflects both a cheaper rate and a slightly tighter layout.

LTD offers a ten-point lifestyle package anchored by an Espresso Bar, Sauna & Steam Room, Rooftop Terrace with BBQ Area, and a dedicated Media & Theatre Room, positioning it as a mid-tier amenity building within a peer set where the two 2021 towers field substantially larger recreational rosters. The Espresso Bar is a signature feature absent from The Yards at Fort York, Harbourfront, and The LakeFront – LakeShore East Tower, giving LTD a distinct casual-social touchpoint that none of those three competitors replicate. Where the gap widens is in aquatic and wellness programming: Harbourfront and both 2021 towers (Fortune at Fort York and The LakeFront) each include an Indoor Pool and Hot Tub & Jacuzzi, while Fortune adds a Spin Studio, Golf Simulator, Putting Green, Bocce Court, and Cold Plunge—none of which appear in LTD's amenity list. The Yards at Fort York differentiates with a Yoga Studio, Business Centre, Library & Reading Room, and an Interactive 3D Social Room that the subject does not offer. LTD's package best serves cost-conscious young professionals and small households who prioritize a functional gym, meeting room, rooftop social space, and on-site coffee over the full-service resort-style amenities of the newer towers, trading breadth of lifestyle programming for a lower monthly rent and a more straightforward building experience.