Residences of Avondale II — Rental Market Data

Residences of Avondale II carries two active listings as of August 31, 2026, spanning $2,300 to $3,000 per month with an average and median asking rent of $2,650. The two suites average 718 square feet at $3.68 per square foot, and the inventory splits evenly between one one-bedroom and one two-bedroom unit, meaning neither tier offers a multi-unit choice. With no three-bedroom or den configurations currently listed, the available stock leans toward standard one- and two-bedroom layouts rather than compact studio entry points or executive multi-bedroom plans.

The dominant active layout at Residences of Avondale II is the one-bedroom, with one unit representing 50 percent of available inventory at $2,300 per month, 650 square feet, and $3.54 per square foot. The two-bedroom tier mirrors that share with a single listing asking $3,000 per month across 785 square feet at $3.82 per square foot. Both tiers are single-listing samples, so renters evaluating either bedroom count are looking at one specific unit rather than a range of comparable options.

Residences of Avondale II shows a $700 spread between its minimum entry rent of $2,300 and peak asking rent of $3,000, a 30.4 percent range across two active units. The entry-level one-bedroom at 650 square feet asks $3.54 per square foot, while the peak two-bedroom at 785 square feet commands $3.82 per square foot. The median asking rent of $2,650 sits exactly at the midpoint of this narrow two-unit range, reflecting the limited inventory rather than a broad pricing gradient.

Den premiums and marginal square-foot costs for extra den space cannot be quantified at Residences of Avondale II because no active listings include a den configuration in the current sample. Parking stall costs are likewise unquoted; the available paired data is insufficient to isolate a reliable monthly premium, so renters should confirm parking availability and pricing directly with the leasing office before signing a lease.

Residences of Avondale II asks an average of $2,650 per month at $3.68 per square foot, which is 5.2 percent below the North York City Centre asking benchmark of $3.88 per square foot and $92 below the submarket average asking rent of $2,742. The nominal rent gap narrows once suite size is factored in: the building's 718-square-foot average footprint is 11 square feet above the submarket implied average of 707 square feet, so the per-square-foot discount reflects a modest rate advantage rather than a compact-suite pricing artifact. The two active units represent a small slice of the broader market, accounting for 2 out of 232 available listings in North York City Centre.

Residences of Avondale II's all-time average realized lease rent of $2,511 per month sits $91 above the four-comparable benchmark of $2,420, with the spread driven primarily by the Pied a Terre in Avondale outlier on the low end. Residences of Avondale I (16 Harrison Garden Blvd, 0.03 km, 10 closed leases) averaged $2,470 per month at $3.84 per square foot across 650 square feet, placing the subject $41 higher on a monthly basis. One Avondale Lofts (1 Avondale Ave, 0.08 km, 6 closed leases) averaged $2,792 per month at $3.28 per square foot across 850 square feet, meaning the subject trades $281 lower per month. Spectrum II (28 Harrison Garden Blvd, 0.08 km, 9 closed leases) averaged $2,549 per month at $3.59 per square foot across 733 square feet, with the subject $38 lower. Pied a Terre in Avondale (19 Avondale Ave, 0.1 km, 3 closed leases) averaged $1,867 per month at $4.67 per square foot across 400 square feet, where the subject commands $644 more per month. All four competitors recorded closed lease transactions in the trailing 180 days, so each provides a realized rent benchmark rather than a speculative listing figure.

Residences of Avondale II leases at $3.85 per square foot across an average 664 square feet, matching the comp-cluster per-square-foot average exactly while delivering 6 additional square feet over the 658-square-foot benchmark. Against Residences of Avondale I, the subject trades at a $0.01 per square foot (0.3%) premium and provides 14 more interior square feet, a near-identical value profile with a marginally higher rate. Compared to One Avondale Lofts, the subject commands a $0.57 per square foot (17.4%) premium yet provides 186 fewer interior square feet; the $281 lower monthly rent is driven entirely by the smaller footprint rather than a weaker asset valuation. Against Spectrum II, the subject carries a $0.26 per square foot (7.2%) premium with 69 fewer square feet, again explaining the $38 lower nominal rent through reduced interior area. Pied a Terre in Avondale presents the sharpest contrast: the subject trades at a $0.82 per square foot (17.6%) discount below that competitor's rate while providing 264 more interior square feet, so the $644 higher monthly rent reflects substantially more living space rather than a per-foot premium.

Residences of Avondale II offers the most comprehensive lifestyle package in this immediate peer set, with 13 distinct amenities spanning aquatic, wellness, remote-work, and social categories. The subject's Indoor Pool, Hot Tub & Jacuzzi, and Car Wash Bay are absent from One Avondale Lofts, Spectrum II, and Pied a Terre in Avondale, while its Media & Theatre Room and Garden & Courtyard do not appear in Residences of Avondale I's or Spectrum II's amenity lists. Retail shops on-site further differentiate the building from all four competitors, none of which include ground-floor commercial tenancy. Residences of Avondale I shares the Indoor Pool and Sauna & Steam Room but lacks the Hot Tub, Media Room, Rooftop Terrace, Garden, and Retail component. This full-spectrum package—combining aquatic recreation, a dedicated fitness centre, a car wash bay, meeting and media spaces, and on-site retail—best serves professionals and small households in the North York City Centre submarket who prioritize a turnkey lifestyle environment with minimal reliance on off-site facilities for daily convenience, wellness, and social use.