Cedar Gate South I — Rental Market Data

Cedar Gate South I features 2 active listings as of August 31, 2026, commanding a price range of $2,500 to $3,175 per month with an average asking rent of $2,838 per month and a median asking rent of $2,838 per month. Active suites maintain an average floor area of 975 square feet and an average asking rate of $2.91 per square foot. The active inventory divides equally between 1-Bedroom + Den and 2-Bedroom configurations, representing a balanced distribution of mid-sized and larger multi-bedroom layouts.

The dominant active layout at Cedar Gate South I is the 1-Bedroom + Den, accounting for 1 listing and an inventory share of 50%. The 1-Bedroom + Den tier averages $2,500 per month across 850 square feet at an asking rate of $2.94 per square foot. The remaining inventory consists of 2-Bedroom suites, accounting for 1 listing and a 50% share with an average asking rent of $3,175 per month across 1,100 square feet at $2.89 per square foot.

Cedar Gate South I lists active rents spanning from a minimum entry rent of $2,500 per month to a peak asking rent of $3,175 per month, creating a dollar spread of $675 and a percentage spread of 27%. The median asking rent rests at $2,838 per month. Entry-level availability is anchored by the 1-Bedroom + Den suite spanning 850 square feet at an asking rate of $2.94 per square foot, while peak pricing is defined by the 2-Bedroom layout offering 1,100 square feet at an asking rate of $2.89 per square foot.

Cedar Gate South I has unquantified active den premiums due to insufficient active layout variation. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, meaning parking stall costs remain inconclusive.

Cedar Gate South I asks an average monthly rent of $2,838 per month at $2.91 per square foot, comparing to the broader Richmond Hill submarket asking benchmark of $2,800 per month at $3.82 per square foot. The building's lower nominal rent is paired with an asking rate per square foot that tracks 23.8% below the submarket asking benchmark across its 2 active listings, which represent 2.1% of the submarket's 94 active units.

Cedar Gate South I posts active asking rents averaging $2,838 per month, comparing directly against an overall comparable average lease rent of $2,561 per month across benchmark properties including Cedar Gate North II, Lennox Condominium, Mackenzie Square, and Renaissance of Richmond Hill. Individual competitor leasing data shows Cedar Gate North II (309 Major Mackenzie Dr E) achieving an average lease rent of $2,375 per month at $2.97 per square foot across an average of 800 square feet. Lennox Condominium (249 Major Mackenzie Dr E) records an average lease rent of $2,100 per month at $2.84 per square foot across an average of 740 square feet. Mackenzie Square (326 Major Mackenzie Dr E) reports an average lease rent of $2,467 per month at $3.03 per square foot across an average of 817 square feet. Finally, the newer Renaissance of Richmond Hill (10101 Yonge St) commands an average lease rent of $3,300 per month at $3.00 per square foot across a larger average floor plan of 1,100 square feet.

Cedar Gate South I establishes its value proposition through an average asking rate of $2.91 per square foot across an average suite size of 975 square feet, positioning itself attractively against the overall submarket average asking benchmark of $3.82 per square foot. Renters evaluating this building versus older nearby alternatives trade traditional, generously proportioned floor plans for modern operational efficiency without absorbing the steep rate premiums typical of newer developments. For instance, while Lennox Condominium offers smaller 740-square-foot layouts at $2.84 per square foot and Mackenzie Square provides 817-square-foot layouts at $3.03 per square foot, Cedar Gate South I delivers larger average living spaces at a highly competitive $2.91 per square foot. This balance of generous square footage and restrained rate pressures makes the building an appealing option for tenants seeking space economy in Richmond Hill.

Cedar Gate South I delivers a comprehensive lifestyle and amenity profile that compares favorably against neighboring properties by combining traditional recreational spaces with robust wellness facilities. Signature amenities at Cedar Gate South I include Concierge & Security, a Gym & Fitness Centre, an Outdoor Pool, a Hot Tub & Jacuzzi, and a Sauna & Steam Room. When contrasted with nearby competitors, Cedar Gate South I matches or exceeds local offerings: Cedar Gate North II provides a Gym & Fitness Centre, Outdoor Pool, and Sauna & Steam Room alongside an EV Charging Station and Business Centre; Lennox Condominium offers a Gym & Fitness Centre, Sauna & Steam Room, and Media & Theatre Room; Mackenzie Square features an Indoor Pool, Hot Tub & Jacuzzi, Sauna & Steam Room, and a Rooftop Terrace; and Renaissance of Richmond Hill includes a Gym & Fitness Centre and Sauna & Steam Room. This robust amenity package serves lifestyle-conscious renters, downsizers, and professionals who prioritize on-site wellness, security, and recreational infrastructure.