NY Place — Rental Market Data

NY Place has two active listings as of August 31, 2026, with asking rents ranging from $2,175 to $2,250 per month, an average of $2,213, and a median of $2,212. Both available suites are one-bedroom layouts averaging 590 square feet at a combined asking rate of $3.77 per square foot. The current inventory is entirely entry-level one-bedroom stock, with no multi-bedroom or den-included units on the market, so renters seeking larger footprints will need to look to other Don Valley North listings.

The sole active layout at NY Place is the one-bedroom tier, accounting for both available units and a 100 percent share of current inventory. Each listing averages 590 square feet with an asking rent of $2,213 per month and a rate of $3.77 per square foot. No two-bedroom, den-included, or studio options are currently listed, making this a small-selection market for renters targeting this specific building.

NY Place's two active listings span a $75 spread, from a minimum entry rent of $2,175 per month to a peak asking rent of $2,250 per month, a 3.4 percent range. The median asking rent sits at $2,212 per month. The entry-level suite is a one-bedroom at 630 square feet priced at $3.45 per square foot, while the peak listing is also a one-bedroom but at a more compact 550 square feet carrying a higher rate of $4.09 per square foot.

Den premiums and marginal per-square-foot costs for additional den space at NY Place cannot be quantified from the current active sample, as no den-included units are listed. Parking stall premiums also cannot be reliably isolated from the available data, given an insufficient paired sample to separate parking costs from base rent. Renters should request itemized parking fees directly from the leasing office before committing to a lease.

NY Place's active asking average of $2,213 per month and $3.77 per square foot sits below the Don Valley North submarket asking benchmark of $2,608 per month and $3.93 per square foot. The nominal rent gap of roughly $395 per month is explained in part by suite sizing: NY Place's active listings average 590 square feet, and the per-square-foot rate runs 4.1 percent under the submarket asking standard. The building represents two out of 225 active listings in the Don Valley North submarket, a small but present share of available inventory.

NY Place's all-time average realized lease rent of $2,300 per month sits $62 below the four-comparable benchmark of $2,362, with the spread driven primarily by the subject's smaller interior footprint rather than a weaker pricing position. Rockefeller on Bayview at 18 Kenaston Gdns (0.05 km, 13 closed leases) averaged $2,343 per month at $3.63 per square foot across 656 square feet, placing the subject $43 lower in nominal rent. The Chelsea at 19 Barberry Pl (0.06 km, 5 closed leases) averaged $2,269 per month at $3.64 per square foot across 630 square feet, making the subject $31 higher in realized rent. Lotus at 7 Kenaston Gdns (0.07 km, 21 closed leases) averaged $2,421 per month at $3.82 per square foot across 639 square feet, positioning the subject $121 lower. Empire at NY Towers at 17 Barberry Pl (0.07 km, 8 closed leases) averaged $2,413 per month at $3.78 per square foot across 644 square feet, placing the subject $113 lower in total monthly rent.

NY Place commands a per-square-foot premium over every active nearby competitor while providing fewer interior square feet, meaning the lower nominal rent observed against three of four peers is a function of suite size rather than a discount in asset value. Against Rockefeller on Bayview, the subject trades at a $0.34 per square foot (9.4 percent) premium while providing 56 fewer interior square feet, so the $43-per-month rent gap reflects the 600-versus-656-square-foot footprint delta. The Chelsea presents the inverse rent polarity: the subject's $2,300 average is $31 higher than The Chelsea's $2,269, yet the subject still carries a $0.33 per square foot (9.1 percent) premium and 30 fewer square feet, confirming that even at a higher total rent the per-square-foot rate remains above the comp. Lotus shows the widest nominal gap at $121 per month below the subject's peer, but the subject's $0.15 per square foot (3.9 percent) premium and 39 fewer square feet explain that variance as a space trade-off. Empire at NY Towers follows the same pattern: the subject trades $113 lower in total rent yet holds a $0.19 per square foot (5.0 percent) premium with 44 fewer square feet, reinforcing that NY Place's pricing architecture rewards rate density over raw interior area.

NY Place fields an 11-feature lifestyle package anchored by a dedicated cafe, wifi lounge, rooftop terrace, and garden courtyard—amenities that distinguish it from the aquatic-and-wellness-heavy profiles of three of its four immediate peers. Rockefeller on Bayview and Empire at NY Towers both offer indoor pools, hot tubs, saunas, and steam rooms that NY Place does not provide, while Lotus adds a European-inspired spa and yoga studio absent from the subject's floor plan. In return, NY Place's cafe and wifi lounge combination is unique within this cluster (The Chelsea offers a cafe with wifi but no rooftop terrace or garden courtyard), and the subject's games and billiards room plus media theatre room match the social-recreation offerings of Rockefeller, The Chelsea, and Empire. The building's package—social gathering spaces, remote-work infrastructure, outdoor terrace access, and a ground-level cafe—serves young professionals and hybrid remote workers who prioritize communal tech-enabled spaces and casual dining over resort-style aquatic wellness facilities.