Teahouse - North Tower — Rental Market Data

Teahouse - North Tower carries five active listings as of August 31, 2026, spanning $2,300 to $5,500 per month with an average asking rent of $3,490 and a median of $2,600. Suites average 588 square feet at an asking rate of $5.10 per square foot. The inventory leans toward compact entry-level one-bedroom-plus-den layouts, which hold 60 percent of active availability, while the remaining 40 percent consists of larger three-bedroom-plus executive suites.

The dominant active layout at Teahouse - North Tower is the one-bedroom-plus-den, with three units representing 60 percent of current availability at an average asking rent of $2,483 per month across 500 square feet and a rate of $5.04 per square foot. The two three-bedroom-plus suites account for the remaining 40 percent, averaging $5,000 per month over 850 square feet at $5.29 per square foot. No zero-bedroom or two-bedroom units are currently on the market.

Teahouse - North Tower's active asking rents range from a $2,300 entry point to a $5,500 peak, producing a dollar spread of $3,200 and a percentage spread of 139.1 percent. The median asking rent sits at $2,600 per month. The entry-level suite is a one-bedroom-plus-den at 400 square feet priced at $5.75 per square foot, while the peak listing is a three-bedroom-plus unit whose exact square footage is not disclosed in current data.

Teahouse - North Tower does not have a quantified den premium or square-footage delta isolable from current active listings, as the paired sample is insufficient to derive a reliable marginal cost per square foot for the den component. Parking stall premiums likewise cannot be reliably isolated from the five active listings due to an unreliable outlier or insufficient paired sample, and no verified historical parking benchmark exists in the lease file.

Teahouse - North Tower's active asking rent of $3,490 per month and $5.10 per square foot compare to Downtown Core submarket benchmarks of $3,471 per month and $4.56 per square foot, placing the building 11.8 percent above the submarket on a rate-per-area basis. The modest nominal rent difference is explained by suite sizing: active listings average 588 square feet versus the submarket's typical footprint, so the higher monthly outlay reflects larger unit dimensions rather than a disproportionate per-square-foot markup. The building holds five of the 224 active listings in the Downtown Core submarket, representing approximately 2.2 percent of total available inventory.

Teahouse - North Tower's average closed lease rent of $2,376 per month sits just $4 above the four-comparable average of $2,372, making it broadly in line with its immediate neighbours. The Cosmopolitan at 25 Maitland St leases at an average of $2,500 per month ($3.42 per square foot, 737 sq ft), representing a $124 premium over the subject. Teahouse - South Tower at 501 Yonge St commands $2,928 per month ($4.60 per square foot, 648 sq ft), a $552 spread above the North Tower. Biltmore Apartments at 33 Maitland Street rents at $1,673 per month ($4.18 per square foot, 400 sq ft), sitting $703 below the subject. Residences at 555 Yonge at 555 Yonge St averages $2,387 per month ($3.93 per square foot, 623 sq ft), only $11 higher than the North Tower's realized rent.

Teahouse - North Tower leases at $4.84 per square foot on an average 502-square-foot suite, a rate that sits above every nearby comparable on a per-square-foot basis while delivering less interior space than three of the four competitors. Against The Cosmopolitan's 737 square feet at $3.42 per square foot, the subject provides 235 fewer square feet yet trades at a $1.42 per square foot premium (41.5% higher). Compared with Teahouse - South Tower's 648 square feet at $4.60 per square foot, the North Tower offers 146 fewer square feet at a $0.24 per square foot premium (5.2% higher). Versus Biltmore Apartments' 400 square feet at $4.18 per square foot, the subject actually provides 102 more square feet while still carrying a $0.66 per square foot premium (15.8% higher). Against Residences at 555 Yonge's 623 square feet at $3.93 per square foot, the North Tower delivers 121 fewer square feet at a $0.91 per square foot premium (23.2% higher). Renter trade-offs centre on accepting a more compact footprint in exchange for a 2023-built building with a deeper amenity package, while those prioritising maximum interior area at a lower per-square-foot rate may find the 1987 and 1996-era buildings more economical on space.

Teahouse - North Tower's amenity profile is the most comprehensive in its immediate cluster, offering a full wellness and social suite that several nearby competitors simply do not match. The building's indoor pool distinguishes it from The Cosmopolitan, which offers only an outdoor pool, and from Biltmore Apartments and Residences at 555 Yonge, neither of which provides any pool facility. A dedicated yoga studio is available at the North Tower but absent from The Cosmopolitan, Biltmore, and 555 Yonge. The pet wash station sets the subject apart from all four comparables, none of which include a dedicated pet grooming facility. A formal meeting room is present at the North Tower but missing from The Cosmopolitan and Biltmore Apartments, and the hot tub and jacuzzi pairing is unavailable at Biltmore and 555 Yonge. This lifestyle package—combining indoor aquatic fitness, guided yoga, on-site pet care, and professional meeting space—best serves young professionals and small households in their late twenties to mid-thirties who want a turnkey wellness and social environment without leaving the building, particularly those with pets who value the convenience of an in-building wash station.