Parade 1 - North Tower — Rental Market Data

Parade 1 - North Tower carries 4 active listings as of August 31, 2026, with asking prices ranging from $2,150 to $2,400 per month, an average rent of $2,331 per month, and a median rent of $2,388 per month. These available suites average 534 square feet at an asking rate of $4.37 per square foot. One-bedroom layouts account for 100% of the active inventory, indicating that current availability centers exclusively on compact entry-level footprints.

The dominant active layout in Parade 1 - North Tower is the 1-Bedroom tier, representing all 4 active listings and 100% of the current inventory. This tier features an average rent of $2,331 per month across an average size of 534 square feet, generating an asking rate of $4.37 per square foot. Zero units are currently available across any other bedroom category.

Parade 1 - North Tower displays an active pricing spread ranging from a minimum entry rent of $2,150 per month to a peak asking rent of $2,400 per month, creating a dollar spread of $250 or 11.6%. The median asking rent sits at $2,388 per month. The entry-level option is a 1-Bedroom suite offering 487 square feet at $4.41 per square foot, contrasted against the peak 1-Bedroom suite measuring 550 square feet at $4.36 per square foot.

Parade 1 - North Tower active den premiums and square footage deltas are unquantified as den data is currently null. Verified parking stall costs add an extra $242 per month to lease agreements.

Parade 1 - North Tower asking rents average $2,331 per month at $4.37 per square foot, trailing the broader submarket asking averages of $3,101 per month and $4.58 per square foot. This lower nominal rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot trades 4.6% below the submarket asking benchmark while representing a 2.7% share of the 148 active submarket listings.

Parade 1 - North Tower achieves an average lease rent of $2,545 per month, aligning closely with the overall competitive benchmark average of $2,752 per month across the immediate CityPlace / Fort York micro-market. Individual competitor performance varies across the adjacent towers: Parade 2 - North Tower at 21 Iceboat Terr reports an average lease rent of $2,495 per month at $3.96 per square foot across an average of 638 square feet; Parade 1 - South Tower at 10 Capreol Crt commands $2,856 per month at $3.87 per square foot across 749 square feet; Luna Vista at 25 Capreol Crt registers $2,854 per month at $4.01 per square foot across 724 square feet; and Parade 2 - South Tower & Podium at 151 Dan Leckie Way records $2,803 per month at $3.81 per square foot across 740 square feet.

Parade 1 - North Tower establishes its value proposition by trading at an average of $4.25 per square foot across an average footprint of 616 square feet, positioning itself at a rate per square foot premium compared to broader neighborhood alternatives that feature larger average footprints exceeding 700 square feet. Renters at Parade 1 - North Tower trade away redundant square footage to capture highly optimized layout efficiency, modern interior finish packages, and reduced monthly utility burdens. While nearby options like Parade 2 - South Tower & Podium offer larger average floor plans of 740 square feet at a lower rate of $3.81 per square foot, Parade 1 - North Tower appeals directly to tenants prioritizing modern urban density, lower absolute monthly rent obligations, and immediate access to extensive on-site master-planned recreational infrastructure.

Parade 1 - North Tower delivers an extensive, resort-style amenity ecosystem that distinguishes it from nearby competitor buildings in the CityPlace / Fort York micro-market. Residents enjoy signature lifestyle features including an indoor pool, a dedicated yoga studio, a comprehensive gym and fitness centre, an outdoor rooftop terrace, and a specialized pet wash station. When contrasted with immediate peers, Parade 1 - North Tower matches or exceeds regional offerings; for instance, while Parade 2 - North Tower at 21 Iceboat Terr includes similar wellness staples like its indoor pool, yoga studio, and pet wash station, Parade 1 - North Tower uniquely incorporates specialized recreational spaces such as a basketball court and a tennis and pickleball court. Similarly, compared to Luna Vista at 25 Capreol Crt—which offers an outdoor pool, waterfall, and dining room—Parade 1 - North Tower leans heavily into active sports and expansive social lounges. This robust amenity infrastructure specifically targets young professionals and fitness-oriented urban renters seeking an all-inclusive building experience without requiring off-site gym or club memberships.