15 Kensington Condos — Rental Market Data

15 Kensington Condos realized an average lease rent of $2,367 per month over the trailing year, sitting $125 below the four-comp benchmark of $2,492. Against 25 Kensington Condos at 25 Kensington Road (0.09 km, 3 closed leases), the subject trades at a lower monthly rent of $50, with the comp averaging $2,417 per month at $2.54 per square foot across 950 square feet. Bruce Towers at 18 Knightsbridge Road (0.12 km, 4 closed leases) posted an average of $2,500 per month at $2.26 per square foot over 1,125 square feet, placing the subject $133 lower in nominal rent. Shaw Towers at 17 Knightsbridge Road (0.26 km, 1 closed lease) recorded $2,300 per month at $2.71 per square foot across 850 square feet, making the subject $67 higher than this single-transaction peer. Bellair on the Park II at 22 Hanover Road (0.85 km, 2 closed leases) averaged $2,750 per month at $2.56 per square foot over 1,075 square feet, a $383 premium over the subject's realized rent.

15 Kensington Condos leases at $2.49 per square foot across an average 950-square-foot suite, trading at a slight discount to the four-comp benchmark of $2.52 per square foot and 1,000 square feet. Against 25 Kensington Condos, the subject offers identical average square footage but trades at a $0.05 per square foot (2.0%) discount, reflecting a marginally lower rate on the same footprint. Bruce Towers presents the sharpest trade-off: the subject commands a $0.23 per square foot (10.2%) premium over the comp's $2.26 rate, yet provides 175 fewer interior square feet, meaning the $133 lower nominal rent is driven entirely by the smaller suite package rather than a weaker asset valuation. Shaw Towers, with only one closed lease, shows the subject at a $0.22 per square foot (8.1%) discount while delivering 100 more interior square feet, so the $67 higher monthly rent reflects the larger footprint. Bellair on the Park II trades at $2.56 per square foot over 1,075 square feet; the subject offers a $0.07 per square foot (2.7%) discount and 125 fewer square feet, keeping the total monthly outlay $383 lower.

15 Kensington Condos provides a full eight-item amenity package—including concierge and security, gym and fitness centre, outdoor pool, party and lounge room, meeting room, games and billiards room, library and reading room, and an outdoor children's playground—positioning it as a lifestyle-oriented mid-rise within a peer set that ranges from equally equipped to entirely bare-bones. Against 25 Kensington Condos, the subject lacks a shared laundry room, media and theatre room, garden and courtyard, and indoor kids' play room, though it offers an outdoor playground in place of the indoor alternative. Bruce Towers adds a BBQ area and tennis and pickleball court that the subject does not carry, while the subject counters with a dedicated library and reading room absent from Bruce's list. Shaw Towers at 17 Knightsbridge Road records zero amenities, making the subject's full package a clear differentiator for renters seeking communal space in an otherwise bare 1977 building. Bellair on the Park II outpaces the subject with an indoor pool, hot tub and jacuzzi, sauna and steam room, basketball court, tennis and pickleball court, squash and racquetball court, and a car wash bay—features that skew toward active-recreation tenants. The 15 Kensington Condos package best serves family-oriented and community-focused renters who prioritize a pool, gym, meeting space, and children's outdoor play over the high-intensity sports facilities found at Bellair or the indoor recreation rooms at 25 Kensington.