Gemma Condos — Rental Market Data

Gemma Condos has five active listings as of August 31, 2026, with asking rents ranging from $2,250 to $3,150 per month, an average of $2,550, and a median of $2,300. The average suite size across active listings is 663 square feet at an asking rate of $3.86 per square foot. One-bedroom units dominate the active inventory at 60 percent of available suites, indicating the current listing pool leans toward compact entry-level and mid-tier layouts rather than multi-bedroom executive configurations.

The dominant active layout at Gemma Condos is the one-bedroom, with three listings representing 60 percent of available inventory at an average asking rent of $2,267 per month across 605 square feet and $3.76 per square foot. The remaining inventory splits evenly between a single one-bedroom-plus-den unit at $2,800 per month (650 sq. ft., $4.31 per square foot) and a single two-bedroom-plus-den unit at $3,150 per month (850 sq. ft., $3.71 per square foot). Both upper-tier layouts are single listings, so renters seeking den or two-bedroom configurations face a one-unit-only constraint.

Gemma Condos shows an active asking spread of $900 per month, from a $2,250 entry point to a $3,150 peak, representing a 40 percent range. The median asking rent sits at $2,300 per month, anchoring the lower half of the distribution. The entry-level suite is a one-bedroom at 550 square feet and $4.09 per square foot, while the peak listing is a two-bedroom-plus-den at 850 square feet and $3.71 per square foot, meaning the top unit delivers substantially more space at a lower rate per square foot.

Gemma Condos carries an active den premium of $533 per month for an additional 45 square feet of den space, translating to a marginal cost of $11.84 per square foot for the extra room. Active parking stall premiums cannot be reliably isolated from the current dataset due to insufficient paired samples, so renters should confirm individual parking costs directly with the leasing office before signing.

Gemma Condos asks an average of $2,550 per month at $3.86 per square foot, compared to the Mississauga North submarket asking benchmark of $2,600 per month at $3.42 per square foot. The building's nominal rent is slightly below the submarket average, but its 12.9 percent higher rate per square foot reflects the more compact 663-square-foot average suite size versus the broader market mix. Gemma Condos accounts for five out of 41 available listings in the Mississauga North submarket, or roughly 12 percent of total active inventory.

Gemma Condos realized an average lease rent of $2,607 per month over the trailing period, sitting $38 above the four-comp benchmark of $2,569 and within the range set by Canopy Towers ($2,473) and Perla at Uptown – East Tower ($2,661). Against Perla at Uptown – West Tower at 65 Watergarden Drive (0.12 km, 7 closed leases, $2,550 average rent, $3.24 per square foot, 821 square feet), the subject commands a $57 higher monthly rent. Canopy Towers at 5081-5105 Hurontario Street (0.13 km, 43 closed leases, $2,473 average rent, $3.92 per square foot, 667 square feet) shows the subject trading $134 higher per month. Perla at Uptown – East Tower at 35 Watergarden Drive (0.13 km, 13 closed leases, $2,661 average rent, $3.40 per square foot, 805 square feet) is the one comp where the subject's realized rent runs $54 lower. Amber 2 at Uptown at 5033 Four Springs Avenue (0.15 km, 6 closed leases, $2,592 average rent, $3.35 per square foot, 776 square feet) shows the subject $15 higher. All four competitors recorded closed lease transactions over the trailing 180 days, so each provides an active pricing benchmark rather than a reference-only data point.

Gemma Condos leases at $3.59 per square foot across an average 753-square-foot suite, positioning it at a per-square-foot premium to three of four nearby competitors while offering more interior space than Canopy Towers. Against Canopy Towers ($3.92 per square foot, 667 square feet), the subject trades at a $0.33 per square foot (8.4%) discount and provides 86 more interior square feet; the $134 higher nominal rent is entirely a function of the larger footprint rather than a rate premium, making Canopy the comp where Gemma delivers the strongest space-per-dollar value. Perla at Uptown – West Tower ($3.24 per square foot, 821 square feet) sees the subject command a $0.35 per square foot (10.8%) premium while providing 68 fewer interior square feet, so renters pay more per unit of space for a tighter layout. Perla at Uptown – East Tower ($3.40 per square foot, 805 square feet) shows the subject at a $0.19 per square foot (5.6%) premium with 52 fewer square feet, and the $54 lower total rent is driven by that smaller footprint offsetting the higher rate. Amber 2 at Uptown ($3.35 per square foot, 776 square feet) carries a $0.24 per square foot (7.2%) premium for the subject with 23 fewer square feet, a modest trade-off where the rate differential slightly outweighs the space savings.

Gemma Condos offers a 14-feature lifestyle package that includes three amenities absent from every nearby competitor: an EV Charging Station, a dedicated Co-Working Space, and an Outdoor Fitness Area. Perla at Uptown – West Tower and Perla at Uptown – East Tower both carry Hot Tub & Jacuzzi and Media & Theatre Room features that Gemma does not list, while Canopy Towers adds a Sauna & Steam Room, Pet Wash Station, Dining Room & Kitchen, and Self-service Parcel Room that the subject lacks. Amber 2 at Uptown similarly differentiates with a Hot Tub & Jacuzzi, Sauna & Steam Room, Media & Theatre Room, and an outdoor Children's Playground. Gemma's co-working space and EV charging infrastructure target remote-work professionals and drivers of electric vehicles—two growing tenant segments in Mississauga's north corridor—while the indoor pool, yoga studio, rooftop terrace, and garden courtyard provide a full wellness-and-social mix. The building best serves young professional renters who prioritize work-from-home infrastructure, vehicle charging convenience, and structured fitness programming over spa-level amenities like saunas or jacuzzis found at the 2019–2021 towers.