Park Towers at IQ - East Tower — Rental Market Data

Park Towers at IQ – East Tower has three units actively listed as of August 31, 2026, with asking rents ranging from $2,200 to $2,500 per month, an average of $2,317 and a median of $2,250. The average suite measures 600 square feet at an asking rate of $3.87 per square foot. Two of the three listings are one-bedroom units (66.7 percent of active inventory), while the remaining unit is a one-bedroom-plus-den layout, meaning the current pool skews toward compact entry-level and mid-size suites rather than multi-bedroom executive configurations.

The dominant active layout at Park Towers at IQ – East Tower is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $2,225 per month, 575 square feet, and $3.88 per square foot. The one-bedroom-plus-den tier holds a single listing at $2,500 per month, 650 square feet, and $3.85 per square foot. No two-bedroom or larger units are currently on the market, so renters seeking multi-bedroom space must look to other Etobicoke South listings.

Park Towers at IQ – East Tower's active asking rents span from a minimum of $2,200 per month to a peak of $2,500 per month, a $300 spread representing 13.6 percent. The median asking rent sits at $2,250 per month. The entry-level suite is a one-bedroom at 599 square feet and $3.67 per square foot, while the peak listing is a one-bedroom-plus-den at 650 square feet and $3.85 per square foot.

At Park Towers at IQ – East Tower, the active den premium is $275 per month for an additional 76 square feet of space, equating to a marginal cost of $3.62 per square foot for the extra den area. Verified parking stalls carry a $50 per month add-on for active listings, which is notably below the $180 per month parking premium observed in closed lease transactions.

Park Towers at IQ – East Tower's active asking average of $2,317 per month and $3.87 per square foot both trail the Etobicoke South submarket asking benchmarks of $2,689 per month and $3.90 per square foot. The building's rate per square foot is 0.8 percent below the submarket asking benchmark, a modest discount that reflects slightly larger suite footprints (600 square feet average) compared to the submarket norm rather than a structural pricing gap. The tower's three active listings represent 8.3 percent of the 36 total available units in the Etobicoke South submarket.

Park Towers at IQ – East Tower realized an average lease rent of $2,285 per month over the trailing year, sitting $110 below the four-comp benchmark of $2,395 per month. Park Towers at IQ – West Tower (15 Zorra St, 0.04 km, 8 closed leases) averaged $2,531 per month at $3.88 per square foot across 660 square feet, placing the subject $246 lower on a monthly basis. IQ I (1185 The Queensway, 0.06 km, 4 closed leases) averaged $2,275 per month at $3.89 per square foot across 588 square feet, making the subject $10 higher. The Tailor (1195 The Queensway, 0.11 km, 13 closed leases) averaged $2,333 per month at $3.64 per square foot across 646 square feet, with the subject trading $48 lower. Thirty Six Zorra (36 Zorra St, 0.17 km, 20 closed leases) averaged $2,441 per month at $3.85 per square foot across 659 square feet, placing the subject $156 lower on a monthly basis.

Park Towers at IQ – East Tower leases at $3.97 per square foot across an average 577-square-foot suite, commanding a per-square-foot premium over every active nearby competitor while providing fewer interior square feet in each comparison. Against Park Towers at IQ – West Tower, the subject trades at a $0.09 per square foot (2.3%) premium yet provides 83 fewer interior square feet, meaning the $246 lower monthly rent reflects the smaller footprint rather than a weaker rate. Versus IQ I, the subject carries a $0.08 per square foot (2.1%) premium with 11 fewer square feet, and the $10 higher nominal rent confirms a near-parity valuation on a per-foot basis. The Tailor presents the sharpest contrast: the subject trades at a $0.33 per square foot (9.1%) premium while providing 69 fewer square feet, so the $48 lower total rent is entirely a function of the reduced interior area. Thirty Six Zorra shows a $0.12 per square foot (3.1%) premium with 82 fewer square feet, again driving the $156 lower monthly figure through footprint rather than asset discount. In every active comparison, the subject's lower nominal rent is a space trade-off, not a rate concession.

Park Towers at IQ – East Tower offers a 13-feature lifestyle package anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, media and theatre room, music room, and rooftop terrace, positioning it as a full-service residential building within the Zorra Street cluster. The subject's indoor pool distinguishes it from Thirty Six Zorra, which provides an outdoor pool, and its media and theatre room plus dedicated music room are absent from all four competitors. However, the East Tower lacks the yoga studios found at West Tower, IQ I, The Tailor, and Thirty Six Zorra; it also does not offer the pet wash stations, car wash bay, children's playground, business centre, dining room and kitchen, or shuttle service available at one or more of its peers. The Tailor's library and reading room, shared laundry room, and parcel storage are likewise not replicated in the East Tower's amenity suite. This package best serves professionals and young households who prioritize aquatic wellness, private entertainment spaces, and a concierge-managed lobby over pet-specific or co-working facilities, making the building a strong fit for renters who value in-suite leisure and a curated social environment over utility-oriented amenities.