159SW — Rental Market Data

At 159SW, active inventory consists of 4 listings as of August 31, 2026, featuring a price range spanning from $2,175 to $4,000 per month, an average rent of $3,206 per month, and a median rent of $3,325 per month. Active suites average 725 square feet with an average asking rate of $4.38 per square foot. 1-Bedroom + Den layouts claim a 50% dominant share of active inventory, showing that current listings offer a split between compact dens and larger multi-bedroom executive suites.

The dominant active layout at 159SW is the 1-Bedroom + Den, accounting for 2 listings and a 50% inventory share with an average rent of $2,513 per month across 600 square feet at $4.17 per square foot. The remaining active inventory consists of 3-Bedroom+ suites, representing 2 listings and a 50% share with an average rent of $3,900 per month across 850 square feet at $4.59 per square foot. These two tiers comprise the entirety of current building availability.

At 159SW, entry-level asking rent begins at $2,175 per month and scales up to a peak asking rent of $4,000 per month, creating a dollar spread of $1,825 per month and a percentage spread of 83.9%. Median asking rent sits at $3,325 per month. The minimum entry-level suite is represented by a 1-Bedroom + Den layout offering 550 square feet at $3.95 per square foot, while the peak suite is a 3-Bedroom+ layout spanning 850 square feet at $4.71 per square foot.

At 159SW, active den premiums and square footage deltas cannot be isolated due to insufficient active data. Marginal costs for extra den space are unquantified. Furthermore, active parking stall premiums cannot be reliably isolated due to an insufficient paired sample.

Asking rent at 159SW averages $3,206 per month at $4.38 per square foot, compared to the Cabbagetown submarket asking benchmark of $3,178 per month at $4.33 per square foot. The nominal rent variance is influenced by suite sizing differences across current availabilities. The building's asking rate per square foot represents a 1.2% premium over submarket asking benchmarks, backed by an active inventory share of 3.8% across the submarket's 106 active listings.

159SW achieves an average lease rent of $2,494 per month, trading below the overall competitive set average of $2,863 per month due to its compact average suite footprint of 624 square feet, while benchmark buildings in the immediate vicinity report varied lease metrics. Verve located at 120 Homewood Ave achieves an average lease rent of $2,811 per month at $3.67 per square foot across an average of 768 square feet. The Star Of Downtown The Townsuites located at 163 Bleecker Street records an average lease rent of $3,200 per month at $3.37 per square foot across an average of 950 square feet. The 500 located at 500 Sherbourne St posts an average lease rent of $2,740 per month at $3.62 per square foot across an average of 765 square feet. Esprit B located at 15 Maitland Pl reports an average lease rent of $2,700 per month at $3.14 per square foot across an average of 860 square feet.

159SW establishes its value proposition through a modern leased rate of $4.09 per square foot across an average suite size of 624 square feet, positioning it competitively against older nearby alternatives and the submarket average of $4.23 per square foot. Renters evaluating 159SW versus older competitors like Esprit B (built in 1990, averaging 860 square feet at $3.14 per square foot) or The Star Of Downtown The Townsuites (built in 2010, averaging 950 square feet at $3.37 per square foot) face a direct trade-off between square footage and asset modernity. While older buildings provide larger total footprints at lower nominal rates per square foot, 159SW offers superior layout efficiency, modern interior finishes, and lower utility burdens typical of a 2022 construction, which commands a higher rate per square foot while maintaining accessible absolute monthly rent totals.

159SW delivers an extensive, contemporary lifestyle and amenity profile that outpaces many of its older surrounding competitors through a curated suite of modern wellness and social spaces. The subject building features 15 signature amenities, highlighted by a dedicated pet wash station, an on-site car share program, a comprehensive yoga studio alongside a gym and fitness centre, a sauna and steam room, and a landscaped rooftop terrace—amenities that surpass older properties like Esprit B, which relies on traditional facilities such as a shared laundry room, squash courts, and basketball courts. While Verve and The 500 offer standard urban high-rise amenities like media rooms and outdoor pools or fountains, 159SW tailors its common spaces directly to contemporary urban professionals and pet owners seeking integrated wellness and convenience without leaving the building.