Karma — Rental Market Data

Karma currently features 3 active listings as of August 31, 2026, with asking rents ranging from $2,700 per month to $3,550 per month, an average rent of $3,150 per month, and a median rent of $3,200 per month. Active suites average 679 square feet with an average asking rate of $4.68 per square foot. Two-bedroom configurations dominate active inventory with a 66.7 percent share, indicating that current availability leans toward multi-bedroom layouts.

Two-Bedroom suites dominate active inventory at Karma with 2 listings representing a 66.7 percent inventory share, averaging $3,375 per month across 750 square feet at $4.50 per square foot in a limited sample. The remaining 1-Bedroom + Den layout accounts for 1 listing or a 33.3 percent share, averaging $2,700 per month across 536 square feet at $5.04 per square foot.

Karma exhibits an active pricing spread of $850 per month, representing a 31.5 percent variance between a minimum entry rent of $2,700 per month and a peak asking rent of $3,550 per month. Median asking rent rests at $3,200 per month. The entry-level suite consists of a 1-Bedroom + Den layout offering 536 square feet at $5.04 per square foot, while the peak suite is a 2-Bedroom configuration spanning 750 square feet at $4.73 per square foot.

Karma has unquantified active den premiums as active den square footage deltas are null. Active parking stalls are verified at an additional cost of $350 per month.

Karma asks an average rent of $3,150 per month at $4.68 per square foot, compared to the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot sitting 2.6 percent above the submarket benchmark across its active share of submarket inventory.

Karma's average lease rent trades reasonably against the overall comparable average of $2,953 per month, benchmarked alongside prominent nearby options such as YC Condos and the Murano towers. YC Condos at 7 Grenville Street / 460 Yonge Street reported an average lease rent of $2,917 per month at $4.78 per square foot across an average of 626 square feet. The Gallery at 25 Grenville St recorded an average lease rent of $2,866 per month at $3.45 per square foot across an average of 838 square feet. Murano - South Tower at 38 Grenville St logged an average lease rent of $3,025 per month at $4.41 per square foot across an average of 691 square feet. Murano - North Tower at 37 Grosvenor St registered an average lease rent of $3,003 per month at $4.37 per square foot across an average of 692 square feet.

Karma offers an attractive value proposition by balancing its 2016 construction standards and efficient floor plans against older, larger inventory and newer high-density builds in the Downtown Core submarket. Renters evaluating Karma weigh modern finish quality and building age against older alternatives like The Gallery at 25 Grenville St, which offers larger footprints averaging 838 square feet at a lower rate of $3.45 per square foot. Conversely, modern towers like YC Condos demand tighter square footage averaging 626 square feet at a higher rate of $4.78 per square foot, demonstrating how Karma strikes a balance between contemporary building age and spatial efficiency.

Karma delivers a comprehensive lifestyle and amenity profile featuring concierge and security services, a well-equipped gym and fitness centre, a dedicated yoga studio, a sauna and steam room, and a rooftop terrace with a BBQ area. When contrasted against nearby competitors, Karma matches or exceeds peer offerings such as YC Condos, which features a gym, yoga studio, outdoor pool, and rooftop terrace, and the Murano towers, which include indoor pools, running tracks, and garden courtyards. Meanwhile, older properties like The Gallery rely on traditional spaces like squash courts and libraries rather than contemporary fitness and social lounges. This robust amenity package serves young professionals and urban couples seeking an active downtown lifestyle.