Soul Condos - Phase 1 — Rental Market Data

Soul Condos - Phase 1 currently features four active listings as of August 31, 2026, with asking rents ranging from $1,900 to $2,700 per month, an average asking rent of $2,275 per month, and a median asking rent of $2,250 per month. Active suites average 563 square feet with an asking rate of $4.13 per square foot. Inventory is led by 1-Bedroom plus Den floor plans accounting for 50 percent of available stock, creating a balanced selection between compact entry-level options and larger multi-bedroom executive layouts.

The dominant active layout at Soul Condos - Phase 1 is the 1-Bedroom plus Den, which accounts for two listings representing 50 percent of active inventory with an average rent of $2,250 per month across an average of 550 square feet at $4.09 per square foot. The 2-Bedroom tier provides a single listing representing 25 percent of inventory asking $2,700 per month across 750 square feet at $3.60 per square foot. The Studio tier also comprises a single listing representing 25 percent of inventory asking $1,900 per month across 400 square feet at $4.75 per square foot.

Soul Condos - Phase 1 exhibits a minimum entry rent of $1,900 per month and a peak asking rent of $2,700 per month, reflecting a dollar spread of $800 per month or a 42.1 percent percentage spread. Median asking rent sits at $2,250 per month. The entry-level option is a 400-square-foot Studio asking $4.75 per square foot, while the peak suite is a 750-square-foot 2-Bedroom asking $3.60 per square foot.

Active den premium data cannot be isolated because den sqft delta and marginal psf figures are null across current listings. Parking stalls carry a verified active premium of $200 per month.

Soul Condos - Phase 1 asks an average rent of $2,275 per month at $4.13 per square foot, compared to the broader Don Valley North submarket asking benchmark of $2,608 per month at $3.93 per square foot. The building's lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot exceeds the submarket benchmark by 5.1 percent while representing 1.8 percent of submarket active inventory.

Soul Condos - Phase 1 achieves an average lease rent of $2,327 per month, comparing directly against the overall comp average of $2,278 per month across key competitor benchmarks such as Connect Condos - Soul II, Vivo - Soul Condos III, Verde - Soul Condos IV, and Emerald City Condominiums. Connect Condos - Soul II (128 Fairview Mall Dr) records an average lease rent of $2,228 per month at $4.16 per square foot across an average of 555 square feet. Vivo - Soul Condos III (180 Fairview Mall Dr) reports an average lease rent of $2,288 per month at $3.87 per square foot across 617 square feet. Verde - Soul Condos IV (188 Fairview Mall Dr) logs an average lease rent of $2,183 per month at $4.01 per square foot across 562 square feet. Finally, Emerald City Condominiums (70 Forest Manor Rd) commands an average lease rent of $2,411 per month at $3.62 per square foot across 681 square feet.

Soul Condos - Phase 1 establishes its value proposition by offering an all-time average leased rate of $3.83 per square foot across 622 square feet, trading right in line with the broader submarket benchmark of $3.80 per square foot. Renters at the subject property trade off slightly older 2018 finishes against newer micro-suites by opting into more generous floor plans that provide greater total interior area than tightly packed alternatives like Connect Condos - Soul II at 555 square feet or Verde - Soul Condos IV at 562 square feet. This layout efficiency delivers lower overall utility burdens and practical living spaces without commanding the elevated per-square-foot premiums seen in tighter contemporary footprints.

Soul Condos - Phase 1 delivers a robust lifestyle and amenity profile that matches the master-planned density of its surrounding phase competitors. Residents enjoy five signature amenities, including a 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, a spacious Party & Lounge Room, and an outdoor Rooftop Terrace. When compared against nearby alternatives, the building matches the core offerings found at Connect Condos - Soul II and Vivo - Soul Condos III, while providing a classic suite of social and wellness spaces that rival Verde - Soul Condos IV and Emerald City Condominiums. This amenity package particularly serves young professionals and couples seeking an active fitness and social lifestyle within a connected transit-oriented node.