1582 Bathurst Street — Rental Market Data

1582 Bathurst Street's average realized lease rent of $1,446 per month sits $698 below the three-comp benchmark of $2,144 per month, reflecting the building's notably smaller suite footprints rather than a weaker asset valuation. Among active peers, 1545 Bathurst (1545 Bathurst Street, 0.07 km, four closed leases) averaged $2,045 per month at $4.06 per square foot across 525 square feet, placing the subject $599 per month lower. 1500 Bathurst (1500 Bathurst Street, 0.28 km, four closed leases) averaged $1,936 per month at $4.16 per square foot over 471 square feet, with the subject trading $490 per month below that mark. Heathwood Manor (35 Raglan Ave, 0.26 km, one closed lease) recorded an average of $2,450 per month at $2.36 per square foot across 1,040 square feet, leaving the subject $1,004 per month lower in nominal terms despite commanding a higher per-square-foot rate. 105 Raglan Avenue (105 Raglan Avenue, 0.06 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for comparison.

1582 Bathurst Street leases at $3.76 per square foot across an average 385-square-foot studio, a rate that sits above the comp average of $3.53 per square foot yet well below the submarket lease benchmark of $3.68 per square foot on a per-unit basis, with the low nominal rent driven entirely by the building's compact interior footprint. Against 1545 Bathurst, the subject trades at a $0.30 per square foot (7.4 percent) discount while providing 140 fewer interior square feet, meaning renters pay less per month but also receive a tighter living area. Versus 1500 Bathurst, the subject offers a $0.40 per square foot (9.6 percent) discount with 86 fewer square feet, a similar trade-off of lower total rent for a smaller layout. Heathwood Manor presents the sharpest contrast: the subject commands a $1.40 per square foot (59.3 percent) premium over that 2013 building, yet still rents $1,004 per month lower because the subject provides 655 fewer interior square feet, confirming that the nominal rent gap is a function of suite size rather than asset quality.

1582 Bathurst Street offers a single shared facility—a Shared Laundry Room—making it the most amenity-light building in its immediate peer set and positioning it as a no-frills, low-maintenance residential product for cost-conscious renters. By contrast, 1545 Bathurst and 1500 Bathurst both add Concierge & Security to their laundry provision, while 1500 Bathurst further includes an Outdoor Pool. Heathwood Manor rounds out the most feature-rich package in the cluster with Concierge & Security, a BBQ Area, a Garden & Courtyard, and a Pet Wash Station alongside its Shared Laundry Room. 105 Raglan Avenue, the zero-transaction reference building, matches the subject on Shared Laundry Room but adds Concierge & Security. The absence of concierge service, outdoor recreation, pet facilities, or any wellness and remote-work infrastructure at 1582 Bathurst Street signals a deliberately lean operating model that appeals to budget-sensitive studio renters—primarily young professionals and students in the York/Oakwood corridor—who prioritize a low monthly outlay and minimal HOA-style overhead over lifestyle programming.