Midtown — Rental Market Data

Midtown at 1603 Eglinton Ave W holds four active listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,300 per month, an average of $2,725 and a median of $2,700. Suites average 800 square feet at an asking rate of $3.50 per square foot. The inventory leans toward multi-bedroom executive layouts, with two-bedroom units comprising 75 percent of available space and the sole one-bedroom-plus-den listing filling out the remaining quarter.

The dominant active layout at Midtown is the two-bedroom, with three units representing 75 percent of current availability at an average asking rent of $2,900 per month across 883 square feet and a rate of $3.33 per square foot. The one-bedroom-plus-den tier holds a single listing at $2,200 per month for 550 square feet, equating to $4.00 per square foot. Renter choice is therefore concentrated in the two-bedroom segment, while entry-level seekers face a single-unit constraint.

Midtown's active availability spans a $1,100 spread, or 50 percent, from a minimum asking rent of $2,200 to a peak of $3,300 per month. The median asking rent sits at $2,700, anchoring the mid-range of the distribution. The entry-level suite is a one-bedroom-plus-den at 550 square feet priced at $4.00 per square foot, while the peak two-bedroom offering covers 1,100 square feet at $3.00 per square foot, reflecting a clear trade-off between compact premium density and spacious value.

Midtown's active den premium cannot be reliably quantified from current listings, as the one-bedroom-plus-den tier consists of a single unit with no paired two-bedroom comparison at identical square footage to isolate marginal den cost. Parking stall premiums are likewise inconclusive; the available sample does not support a reliable per-stall figure, and no verified historical lease benchmark exists for parking add-ons at this building.

Midtown's active asking rent of $2,725 per month and $3.50 per square foot compare to the Oakwood submarket asking benchmarks of $2,611 per month and $3.51 per square foot, placing the building 0.3 percent below the submarket on a per-square-foot basis. The slightly higher nominal rent at Midtown is attributable to larger average suite sizing of 800 square feet rather than a premium per-square-foot rate. The building accounts for four of the 26 active listings in the Oakwood submarket, representing roughly 15 percent of total available inventory in the area.

Midtown's all-time average lease rent of $2,544 per month sits $286 below the four-comp average of $2,830, giving tenants a meaningful discount relative to the immediate competitive set. Forest Hill Lofts at 1001 Roselawn Ave closed leases averaging $2,650 per month at $3.67 per square foot across 725-square-foot suites; West Village Lofts at 550 Hopewell Ave averaged $3,150 per month at $3.32 per square foot over 950 square feet; 8 Haus at 2433 Dufferin St recorded $2,850 per month at $2.93 per square foot across 990 square feet; and Hill Condominiums at 170 Chiltern Hill Rd closed at $2,671 per month, $3.51 per square foot, in 765-square-foot units. Midtown's lower absolute rent reflects its smaller average footprint rather than a rate disadvantage, as its per-square-foot pricing aligns closely with the comp median.

Midtown leases at approximately $3.37 per square foot across an average 769-square-foot suite, placing it at a slight premium over West Village Lofts ($3.32/SF) and 8 Haus ($2.93/SF) while trading at a modest discount to Forest Hill Lofts ($3.67/SF) and Hill Condominiums ($3.51/SF). Against Forest Hill Lofts, Midtown provides 44 additional square feet of interior space at a lower per-foot rate, delivering more usable area for less money per square foot. Compared with West Village Lofts, Midtown's suites are 181 square feet smaller, and against 8 Haus they are 221 square feet smaller—tenants choosing Midtown over those two buildings accept a more compact footprint in exchange for a newer-feeling amenity package and a central Eglinton location. Hill Condominiums offers nearly identical suite sizes (765 square feet) at a $0.14-per-square-foot higher rate, making Midtown the more cost-efficient option for tenants seeking comparable space in the same micro-market.

Midtown's amenity suite at 1603 Eglinton Ave W differentiates itself through a wellness-focused and pet-friendly package that several nearby competitors do not match. The dedicated Pet Wash Station is absent from all four comparables—Forest Hill Lofts, West Village Lofts, 8 Haus, and Hill Condominiums offer no equivalent service. The Yoga Studio is missing at Forest Hill Lofts, West Village Lofts, and 8 Haus, giving Midtown a clear edge for tenants who prioritise on-site fitness beyond a standard gym. Shared Laundry Room access is unavailable at Forest Hill Lofts, West Village Lofts, and Hill Condominiums, reducing the need to carry laundry between floors. The Media & Theatre Room and Dining Room & Kitchen combination, while present at 8 Haus and Hill Condominiums, is entirely absent from West Village Lofts, which offers only a BBQ Area and concierge. Together, these features position Midtown as the strongest fit for young professionals and pet-owning households in the Oakwood corridor who want a full-service lifestyle building without stepping into the higher rent brackets of the submarket's largest suites.