Garrison at Fort York — Rental Market Data

Garrison at Fort York has three units actively listed as of August 31, 2026, with asking rents ranging from $2,350 to $2,650 per month, an average of $2,483, and a median of $2,450. The average suite measures 617 square feet at an asking rate of $4.04 per square foot. Two of the three listings (66.7 percent) are one-bedroom layouts, while the remaining unit is a one-bedroom-plus-den, meaning current inventory skews toward compact entry-level and mid-size suites rather than multi-bedroom executive plans.

The dominant active layout at Garrison at Fort York is the one-bedroom, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,500 per month across 600 square feet and a rate of $4.17 per square foot. The single one-bedroom-plus-den listing accounts for the remaining 33.3 percent, asking $2,450 per month for 650 square feet at $3.77 per square foot. Both tiers are small samples, so individual pricing may not reflect a broad market trend within the building.

Garrison at Fort York's three active listings span a $300 spread, from a minimum entry rent of $2,350 to a peak asking rent of $2,650 per month, a 12.8 percent range. The median asking rent sits at $2,450 per month. The entry-level suite is a 550-square-foot one-bedroom priced at $4.27 per square foot, while the peak listing is a 650-square-foot one-bedroom at $4.08 per square foot, meaning the larger unit actually carries a lower rate per square foot despite the higher absolute rent.

At Garrison at Fort York, the active den premium is unquantified in a meaningful positive sense: the one-bedroom-plus-den listing asks $50 less per month than the average one-bedroom while offering 50 additional square feet, yielding a marginal cost of negative $1 per square foot for the extra den space. Active parking premiums cannot be reliably isolated from the current sample, though historical lease data shows a verified parking add-on of $161 per month.

Garrison at Fort York's average asking rent of $2,483 per month and $4.04 per square foot both trail the CityPlace / Fort York submarket benchmarks of $3,101 per month and $4.58 per square foot, placing the building 11.8 percent below the submarket asking rate per square foot. The nominal rent gap of roughly $618 per month is partly explained by suite sizing, as the building's 617-square-foot average is comparable to submarket norms, so the discount reflects genuine pricing positioning rather than a footprint trade-off. The building's three active listings represent a small slice of the broader market, comprising 3 out of 148 available listings in the CityPlace / Fort York submarket.

Garrison at Fort York's all-time average realized lease rent of $2,366 per month sits $302 below the four-comp benchmark of $2,668, and it trades lower than every active competitor in this immediate pocket. Newton at 80 Queens Wharf Rd (0.08 km, 15 closed leases) averages $2,685 per month at $4.35 per square foot across 617 square feet; The Yards at Fort York at 20 Bruyeres Mews (0.11 km, 19 closed leases) averages $2,579 per month at $3.93 per square foot across 661 square feet; The LakeFront – LakeShore East Tower at 17 Bathurst St (0.11 km, 33 closed leases) averages $2,753 per month at $4.56 per square foot across 615 square feet; and Forward at 70 Queens Wharf Rd (0.12 km, 16 closed leases) averages $2,655 per month at $4.22 per square foot across 636 square feet. All four competitors recorded active lease volume over the trailing 180 days, so each figure represents a realized transaction benchmark rather than an asking-price reference.

Garrison at Fort York offers a $3.91 per-square-foot leased rate and a 616-square-foot average suite, both below the four-comp averages of $4.27 per square foot and 632 square feet, positioning it as the most cost-efficient option in this Fort York cluster. Against Newton, the subject trades at a $0.44 per-square-foot (10.1%) discount while providing 1 fewer interior square foot, meaning the lower monthly rent of $319 is driven by both a smaller footprint and a genuinely lower rate per unit of space. The Yards at Fort York presents the tightest spread: the subject trades at just a $0.02 per-square-foot (0.5%) discount but provides 45 fewer interior square feet, so the $213 monthly savings is almost entirely a function of the reduced suite size rather than a rate advantage. The LakeFront – LakeShore East Tower shows the widest gap, with the subject trading at a $0.65 per-square-foot (14.3%) discount while providing 1 more interior square foot—here the lower $387 monthly rent reflects a true per-square-foot valuation gap independent of footprint. Forward sits in between, with the subject at a $0.31 per-square-foot (7.3%) discount and 20 fewer interior square feet, blending both a rate and a size differential into the $289 monthly savings.

Garrison at Fort York provides an 11-item lifestyle package anchored by a gym, yoga studio, sauna and steam room, rooftop terrace, and garden courtyard, but it lacks the indoor pools, meeting rooms, business centres, pet wash stations, and dedicated children's play spaces that define its four immediate competitors. Newton (80 Queens Wharf Rd) adds an indoor pool, hot tub and jacuzzi, a full suite of creative studios (music, art, dance, photo), a tai chi deck, and a pet wash station—features entirely absent from Garrison. The LakeFront – LakeShore East Tower (17 Bathurst St) layers on an indoor pool, business centre, karaoke room, Japanese-inspired tea rooms, and both indoor and outdoor children's play areas. Forward (70 Queens Wharf Rd) contributes a basketball court, massage room, and additional creative studios beyond what Garrison offers. The Yards at Fort York (20 Bruyeres Mews) distinguishes itself with a business centre, library and reading room, and an interactive 3D social room. Garrison's package—fitness, wellness, social dining, and outdoor terrace access without aquatic or remote-work infrastructure—serves cost-conscious young professionals and couples who prioritize a low-maintenance, no-frills residential experience over amenity-heavy lifestyle programming, and who are willing to trade premium recreational features for a meaningfully lower monthly rent in the Fort York submarket.