Mondeo Springs II — Rental Market Data

Mondeo Springs II has exactly one active listing as of August 31, 2026, asking $2,800 per month with no spread between minimum and maximum. The available suite measures 950 square feet and carries an asking rate of $2.95 per square foot. This single unit is a 2-Bedroom + Den layout, meaning 100 percent of current inventory sits in the multi-bedroom executive tier rather than the compact entry-level segment that dominates the broader Scarborough West market.

The sole active layout at Mondeo Springs II is a 2-Bedroom + Den, representing 100 percent of available inventory with one unit asking $2,800 per month. That single listing spans 950 square feet at $2.95 per square foot. No one-bedroom, standard two-bedroom, or three-bedroom units are currently on the market, so renters seeking a different bedroom configuration must look to other buildings in the submarket.

Mondeo Springs II's active pricing spread is zero dollars and zero percent, as the single listed unit sets both the minimum and maximum asking rent at $2,800 per month. The entry-level and peak suite are the same 2-Bedroom + Den at 950 square feet and $2.95 per square foot. With only one unit available, there is no internal price gradient for renters to compare across tiers.

Mondeo Springs II's active den premium and the associated square-footage delta cannot be quantified from current data, as the single listed unit already includes a den within its 950-square-foot footprint with no comparable den-less unit to isolate the marginal cost. Parking stall premiums also cannot be reliably isolated; the paired sample is insufficient to produce a defensible monthly figure, so renters should confirm parking costs directly with the leasing office.

Mondeo Springs II's active asking rate of $2.95 per square foot sits 5.4 percent below the Scarborough West submarket asking benchmark of $3.12 per square foot, even though the nominal monthly rent of $2,800 exceeds the submarket average asking rent of $2,692. That nominal premium is driven entirely by suite size: the active unit at 950 square feet is 87 square feet larger than the submarket implied average of 863 square feet. The building's single listing represents 1 out of 25 total active listings in the Scarborough West submarket, a 4 percent share of available inventory.

Mondeo Springs II's average realized lease rent of $2,225 per month sits $177 below the four-comp blended benchmark of $2,402, with every individual competitor pricing above the subject. Mondeo Springs I (8 Mondeo Dr, 0.05 km, 6 closed leases) averaged $2,475 per month at $3.05 per square foot over 817 square feet, placing the subject $250 lower. K Square (2031 & 2033 Kennedy Rd, 0.68 km, 69 closed leases) averaged $2,434 per month at $3.66 per square foot over 679 square feet, with the subject trading $209 below. Solaris II at Metrogate (135 Village Green Sq, 1.59 km, 17 closed leases) realized $2,344 per month at $3.20 per square foot over 742 square feet, a $119 gap. Solaris I at Metrogate (125 Village Green Sq, 1.61 km, 13 closed leases) averaged $2,356 per month at $3.77 per square foot over 668 square feet, leaving the subject $131 lower. All four competitors recorded active lease transactions, so each figure represents a realized pricing point rather than an asking-price reference.

Mondeo Springs II leases at $3.54 per square foot over 650 average square feet, a rate that exceeds the comp-set average of $3.42 per square foot while the subject's footprint is the smallest in the group. Against Mondeo Springs I, the subject commands a $0.49 per square foot (16.1%) premium yet provides 167 fewer interior square feet, meaning the lower nominal rent of $250 is driven entirely by the reduced suite size rather than weaker asset valuation. Versus K Square, the subject trades at a $0.12 per square foot (3.3%) discount and offers 29 fewer square feet, so both the rate and the footprint are marginally smaller, producing the $209 rent gap. Against Solaris II at Metrogate, the subject commands a $0.34 per square foot (10.6%) premium while delivering 92 fewer square feet, again showing the rent differential is a footprint effect. Solaris I at Metrogate presents the inverse: the subject trades at a $0.23 per square foot (6.1%) discount with 18 fewer square feet, yielding a $131 lower monthly rent. In every pairing, the subject's compact 650-square-foot average suite is the primary driver of its lower nominal rent relative to these larger-footprint competitors.

Mondeo Springs II offers a 12-item amenity suite anchored by an indoor pool, golf simulator, basketball court, and sauna/steam room, positioning it as a full-service recreational building within a peer set that leans more heavily toward wellness and family-oriented features. The subject's golf simulator and basketball court are absent from K Square, Solaris II, and Solaris I—only Mondeo Springs I shares both—giving the building a distinct active-recreation edge over three of its four competitors. Conversely, the subject lacks the hot tub/jacuzzi found in all four peers, the rooftop terrace present at K Square and both Metrogate towers, the EV charging stations and digital delivery lockers at K Square, and the on-site daycare and children's playgrounds at Solaris I and Solaris II. The building's package best serves active professionals and small households who prioritize indoor aquatic fitness, sports simulation, and social gathering spaces over family childcare infrastructure or rooftop outdoor living.