Park Towers at IQ - West Tower — Rental Market Data

Park Towers at IQ - West Tower has 2 active listings as of August 31, 2026, offering a price range of $2,750 to $3,300 per month with an average and median asking rent of $3,025 per month. Active suites average 800 square feet at an asking rate of $3.77 per square foot. The active inventory consists exclusively of multi-bedroom suites, split evenly between 2-Bedroom and 2-Bedroom + Den configurations.

The dominant active layouts at Park Towers at IQ - West Tower are the 2-Bedroom and 2-Bedroom + Den tiers, each accounting for 1 listing and a 50.0% share of current active inventory. The 2-Bedroom units average $2,750 per month across 750 square feet at $3.67 per square foot. The 2-Bedroom + Den suites average $3,300 per month across 850 square feet at $3.88 per square foot.

Park Towers at IQ - West Tower displays a minimum entry rent of $2,750 per month and a peak asking rent of $3,300 per month, creating a dollar spread of $550 and a percentage spread of 20.0%. The median asking rent rests at $3,025 per month. The entry-level suite is a 2-Bedroom unit spanning 750 square feet priced at $3.67 per square foot, while the peak suite is a 2-Bedroom + Den layout spanning 850 square feet priced at $3.88 per square foot.

Park Towers at IQ - West Tower has an active den premium and square footage delta that are currently unquantified due to insufficient active pairing. Marginal cost per square foot for the extra den space cannot be calculated from active listings. Active parking premiums also cannot be reliably isolated from current listings due to an insufficient sample size.

Park Towers at IQ - West Tower asks an average rent of $3,025 per month at $3.77 per square foot, comparing against the Etobicoke South submarket asking averages of $2,689 per month and $3.90 per square foot. The higher nominal asking rent at the building is driven by larger average suite sizes rather than inflated unit pricing. The building's asking rate per square foot tracks 3.3% below the submarket asking benchmark, representing 5.6% of the 36 total active listings across the submarket.

Park Towers at IQ - West Tower achieves an average lease rent of $2,531 per month, comparing against an overall competitive set average of $2,329 per month across nearby established buildings along Zorra Street and The Queensway. Park Towers at IQ - East Tower (17 Zorra St) reports an average lease rent of $2,268 per month at $3.95 per square foot across an average of 575 square feet. IQ I (1185 The Queensway) records an average lease rent of $2,275 per month at $3.89 per square foot across 588 square feet. The Tailor (1195 The Queensway) posts an average lease rent of $2,333 per month at $3.64 per square foot across 646 square feet. Thirty Six Zorra (36 Zorra St) commands an average lease rent of $2,441 per month at $3.85 per square foot across 659 square feet.

Park Towers at IQ - West Tower establishes its value proposition through a leased rate of $3.88 per square foot across an average suite size of 660 square feet, positioning itself competitively against the submarket average lease rent of $2,435 per month and the overall comp average of $3.83 per square foot. Renters evaluating the building weigh trade-offs between layout efficiency and modern finishes, often securing larger floor plans compared to older neighboring inventory without sacrificing square footage. For instance, the subject provides 85 more square feet than Park Towers at IQ - East Tower at 17 Zorra St (which averages 575 square feet at $3.95 per square foot) and offers a lower rate per square foot ($3.88 vs $3.95) making the subject offer a more competitive rate per square foot. The subject also provides 72 more square feet than IQ I at 1185 The Queensway (which averages 588 square feet at $3.89 per square foot) and offers a more competitive rate per square foot ($3.88 vs $3.89). Against newer completions like The Tailor at 1195 The Queensway ($3.64 per square foot across 646 square feet) and Thirty Six Zorra at 36 Zorra St ($3.85 per square foot across 659 square feet), the building offers comparable functional space within a mature, stabilized phase of the Zorra Street community.

Park Towers at IQ - West Tower delivers an extensive lifestyle and amenity package that stands out within the Etobicoke South corridor, featuring signature conveniences such as an indoor pool, a dedicated yoga studio, an outdoor children's playground, a pet wash station, and a rooftop terrace. When contrasted with immediate peers, the building matches or exceeds regional offerings; Park Towers at IQ - East Tower features a concierge, gym, indoor pool, and rooftop terrace. Similarly, IQ I includes standard fitness and pool facilities alongside a car wash bay, while The Tailor incorporates a library, business centre, and shared laundry room without an indoor pool. Thirty Six Zorra introduces unique elements like a shuttle service, fire pits, and an outdoor pool, distinguishing its shared grounds. These extensive wellness and convenience features make Park Towers at IQ - West Tower particularly attractive to professionals, pet owners, and families seeking comprehensive onsite amenities.