Monterey — Rental Market Data

Monterey at 175 Bamburgh Circ maintains 3 active listings as of August 31, 2026, with an asking price range spanning from $2,600 to $3,300 per month, an average asking rent of $2,867 per month, and a median asking rent of $2,700 per month. Active suites average 1,183 square feet at an asking rate of $2.43 per square foot. The inventory is heavily weighted toward 1-Bedroom + Den layouts, which command a 66.7% share of available stock, reflecting an overall leasing footprint tailored to spacious, larger-than-average floor plans.

The dominant active layout at Monterey is the 1-Bedroom + Den, accounting for 2 listings and a 66.7% inventory share. Available 1-Bedroom + Den suites average $2,650 per month across an average of 1,074 square feet at $2.47 per square foot. The remaining inventory consists of 2-Bedroom + Den suites, representing 33.3% of active stock with 1 listing averaging $3,300 per month across 1,400 square feet at $2.36 per square foot.

Monterey features a minimum entry rent of $2,600 per month and a peak asking rent of $3,300 per month, creating a dollar spread of $700 or a 26.9% variance. The median asking rent stands at $2,700 per month. The entry-level option is a 1-Bedroom + Den suite spanning 1,074 square feet priced at $2.42 per square foot, while the peak suite is a 2-Bedroom + Den layout offering 1,400 square feet at $2.36 per square foot.

Active den premium dollar amounts and square footage deltas for Monterey cannot be isolated from the current dataset. Den size deltas and marginal costs per square foot remain unquantified due to limited paired active data. Similarly, active parking premiums cannot be reliably isolated due to an insufficient sample size or anomalous data.

Monterey asks an average rent of $2,867 per month at $2.43 per square foot, positioning its asking rate 28.1% below the Scarborough North submarket asking benchmark of $3.38 per square foot. While nominal asking rents appear higher than the submarket average asking benchmark of $2,553 per month, the lower rate per square foot is driven by expansive suite sizing averaging 1,183 square feet. The building represents 4.0% of the submarket's 75 active listings.

Monterey achieves an average lease rent of $2,707 per month, aligning closely with the overall competitive benchmark average of $2,713 per month established across nearby Bamburgh Circle properties. Individual competitor benchmarks within this immediate cluster demonstrate tight pricing consistency: The Trillium (225 Bamburgh Circ) averages $2,650 per month at $2.41 per square foot across an average of 1,100 square feet; Vista of Skypark (275 Bamburgh Circ) averages $2,700 per month at $2.45 per square foot across 1,100 square feet; Bridlewood Place 2 (75 Bamburgh Circ) records an average lease rent of $2,550 per month at $2.57 per square foot across 1,013 square feet; and Skypark (255 Bamburgh Circ) commands $2,950 per month at $1.97 per square foot across a larger average footprint of 1,500 square feet.

Monterey offers a competitive value proposition characterized by a realized lease rate of $2.81 per square foot across an average suite size of 1,004 square feet, positioning itself relative to the broader submarket average lease rate of $3.35 per square foot. Renters evaluating Monterey versus nearby alternatives like Skypark (which offers larger 1,500-square-foot layouts at $1.97 per square foot) or Bridlewood Place 2 (averaging $2.57 per square foot across 1,013 square feet) must weigh layout efficiency against total monthly outlay. While older, larger footprints in the micro-market can yield lower base rates per square foot, Monterey delivers manageable total suite sizes that reduce gross monthly rental burdens while maintaining central access to the Bamburgh Circle node.

Monterey provides an extensive recreational and lifestyle amenity package that matches or exceeds the offerings found across competing Bamburgh Circle developments. Signature amenities at Monterey include a 24-hour concierge and security service, a fully equipped gym and fitness centre, both indoor and outdoor pools with hot tubs, and dedicated tennis and pickleball courts. When compared against localized peers, Monterey matches the comprehensive club-style offerings of buildings like The Trillium and Vista of Skypark—which similarly feature indoor and outdoor pools, squash courts, and concierge services—while surpassing properties with more limited shared facilities. This robust amenity profile particularly appeals to families and downsizers seeking active, resort-style condominium living without leaving the Scarborough North submarket.