River City III — Rental Market Data

River City III has exactly one active listing as of August 31, 2026, asking $2,350 per month with both the average and median rent at that same figure. The available suite spans 495 square feet at an asking rate of $4.75 per square foot. This single listing is a one-bedroom unit, meaning 100 percent of current active inventory sits in the entry-level tier, and no multi-bedroom or executive layouts are presently on the market.

The sole active layout at River City III is a one-bedroom unit, representing 100 percent of available inventory as a single listing. That one unit asks $2,350 per month for 495 square feet at $4.75 per square foot. No two-bedroom, three-bedroom, or den configurations are currently listed, so renters cannot compare across bedroom tiers within this building at this time.

River City III's active pricing spread is $0, with both the minimum and peak asking rent at $2,350 per month, reflecting a single-listing inventory where no range exists. The entry-level suite is a one-bedroom at 495 square feet and $4.75 per square foot, which is also the peak suite since no other units are available. With only one active listing, the median asking rent equals both the floor and ceiling at $2,350 per month.

River City III's active den premium and associated square-footage delta cannot be quantified, as no den configurations are currently listed and no paired comparison data exists. Marginal cost per square foot for additional den space is therefore uncalculable from the current inventory. Active parking stall premiums also cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, so no specific monthly parking fee can be quoted for this building.

River City III's active asking rent of $2,350 per month sits well below the East Bayfront submarket average asking rent of $3,234 per month, while its $4.75 per square foot rate runs 2.2 percent above the submarket asking benchmark of $4.65 per square foot. The lower nominal monthly figure is explained by the building's compact 495-square-foot suite compared to the larger average unit sizes commanding higher absolute rents across the submarket. River City III accounts for 1 out of 70 active listings in the East Bayfront submarket, representing a 1.4 percent share of currently available inventory.

River City III's all-time average realized lease rent of $2,307 per month sits $241 below the four-building comp-set average of $2,548 and $535 below the East Bayfront submarket benchmark of $2,842. Among active competitors, Canary Park Condos at 120 Bayview Ave (0.13 km, 11 closed leases) averages $2,595 per month at $3.96 per square foot across 657 square feet; River City II at 32 Trolley Cres (0.18 km, 8 closed leases) averages $2,600 per month at $4.12 per square foot across 644 square feet; and River City I at 47 Lower River St/51 Trolley Cres (0.22 km, 13 closed leases) averages $2,450 per month at $3.86 per square foot across 637 square feet. Harris Square – River City – 4 at 21 Lawren Harris Sq (0.1 km) recorded zero lease transactions over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.

River City III offers a $3.90 per square foot leased rate across an average 657-square-foot suite, positioning it at a discount to two of three active nearby competitors while commanding a modest premium over the oldest tower in the cluster. Against Canary Park Condos, the subject trades at a $0.06 per square foot (1.5%) discount while delivering identical average square footage, meaning the lower nominal rent of $288 per month reflects a genuine rate advantage rather than a smaller footprint. River City II presents a wider gap: the subject trades at a $0.22 per square foot (5.3%) discount yet provides 13 more interior square feet, so the $293-per-month rent difference is driven by both a lower rate and a larger suite. River City I inverts the dynamic—the subject commands a $0.04 per square foot (1.0%) premium over that 2013-built tower while also delivering 20 more square feet, yet the subject's nominal rent remains $143 per month lower because the larger footprint more than offsets the per-square-foot premium. In every active comparison, the subject's lower monthly rent is a function of competitive per-square-foot pricing and, in two of three cases, a larger interior footprint rather than a smaller unit.

River City III fields a 17-item amenity suite that includes an outdoor pool, rooftop terrace, gym, yoga studio, business centre, and a pet-focused package (dog run and pet wash station) that no active competitor in this pocket replicates. Canary Park Condos matches the subject on the outdoor pool, gym, yoga studio, and rooftop terrace but adds a sauna/steam room and juice bar while lacking the dog run, pet wash station, product/tool library, kids' play room, business centre, library, and hobby room. River City II shares the outdoor pool, business centre, and hobby room but omits the dog run, pet wash station, product/tool library, kids' play room, and library/reading room. River City I, the oldest active comp, has no dog run, pet wash station, product/tool library, kids' play room, business centre, or hobby room. The subject's pet infrastructure—dog run plus on-site pet wash station—is a genuine differentiator absent from every nearby competitor, and the product/tool library and indoor kids' play room extend the lifestyle package beyond what any active peer offers. This amenity mix best serves young professional families and pet-owning renters who want full-service residential infrastructure without stepping outside the immediate Bayview corridor.