The Majestic II — Rental Market Data

The Majestic II has three active listings as of August 31, 2026, with asking rents ranging from $3,000 to $3,600 per month, an average of $3,200, and a median of $3,000. The average suite size across these listings is 944 square feet at an asking rate of $3.41 per square foot. Inventory skews toward compact two-bedroom entry-level suites, with two of the three units (66.7 percent) in that tier, while a single larger two-bedroom-plus-den layout rounds out the selection.

The dominant active layout at The Majestic II is the two-bedroom, represented by two listings and accounting for 66.7 percent of available inventory at an average asking rent of $3,000 per month across 850 square feet and a rate of $3.53 per square foot. The remaining 33.3 percent is a single two-bedroom-plus-den listing asking $3,600 per month for 1,131 square feet at $3.18 per square foot. Renters seeking the den configuration face a one-unit constraint, while the standard two-bedroom tier offers a modest two-unit selection.

The Majestic II's active asking rents span from a minimum of $3,000 to a peak of $3,600 per month, a dollar spread of $600 and a percentage spread of 20 percent. The median asking rent sits at $3,000 per month. The entry-level suite is a two-bedroom at 850 square feet and $3.53 per square foot, while the peak listing is a two-bedroom-plus-den at 1,131 square feet and $3.18 per square foot, reflecting a larger footprint at a lower unit rate.

The Majestic II's active den premium and associated square-footage delta cannot be reliably quantified from the current paired sample. Marginal cost per square foot for additional den space is therefore uncalculated. Active parking stall premiums also cannot be reliably isolated due to an anomalous outlier or insufficient paired data, so no specific monthly parking fee can be quoted with confidence.

The Majestic II's active average asking rent of $3,200 per month and $3.41 per square foot compare against the North York City Centre submarket averages of $2,753 per month and $3.84 per square foot. The building's nominal rent runs $447 above the submarket asking average, yet its rate per square foot is 11.2 percent below the submarket benchmark, a gap explained by the active inventory's more compact 944-square-foot average footprint versus the broader market mix. The Majestic II represents three out of 216 available listings in the North York City Centre submarket, or roughly 1.4 percent of total active inventory.

The Majestic II's average realized lease rent of $3,000 per month exceeds the four-comp benchmark of $2,669 by $331, driven primarily by its larger suite footprints rather than a per-square-foot premium. The Imperial I at 256 Doris Ave (0.07 km, 4 closed leases) averaged $2,400 per month at $3.43 per square foot across 700 square feet, meaning The Majestic II commands $600 more in nominal rent. Kingsdale at 238 Doris Ave (0.08 km, 10 closed leases) realized $2,963 per month at $3.39 per square foot over 889 square feet, a $37 monthly gap in the subject's favour. The Imperial II at 260 Doris Ave (0.10 km, 2 closed leases) posted $3,038 per month at $3.20 per square foot across 950 square feet, placing The Majestic II $38 below that peer. Ellie Condos at 15 Ellerslie Avenue (0.11 km, 41 closed leases) averaged $2,273 per month at $4.40 per square foot over just 532 square feet, a $727 monthly differential that reflects the compact-suite pricing model rather than a true asset-value gap.

The Majestic II leases at $2.94 per square foot across an average 1,025 square feet, trading at a discount below every active nearby competitor on a per-square-foot basis while providing the largest interior footprint in this cluster. Against The Imperial I ($3.43 per square foot, 700 sq ft), the subject offers a $0.49 per square foot (14.3%) rate discount and 325 more interior square feet; against Kingsdale ($3.39 per square foot, 889 sq ft), the discount is $0.45 per square foot (13.3%) with 136 additional square feet; against The Imperial II ($3.20 per square foot, 950 sq ft), the gap is $0.26 per square foot (8.1%) and 75 more square feet; and against Ellie Condos ($4.40 per square foot, 532 sq ft), the subject delivers a $1.46 per square foot (33.2%) discount with 493 more square feet. In each case, the nominal rent variance—whether slightly higher or marginally lower than a given peer—is a function of the subject's larger interior footprint rather than a premium or discount in asset valuation per unit of space.

The Majestic II differentiates itself in this pocket through an indoor pool and a dedicated library and reading room, two lifestyle features absent from all four nearby competitors. The three Doris Avenue buildings (The Imperial I, Kingsdale, and The Imperial II) offer gym, sauna, party room, meeting room, and concierge services but provide no aquatic facility or quiet reading space; Ellie Condos adds a rooftop terrace and media theatre room yet still lacks both an indoor pool and a library. The subject's BBQ area and games and billiards room overlap with Ellie Condos' offerings, while its sauna and steam room match the wellness baseline across the entire peer set. This amenity package—anchored by the indoor pool, library, and 1,000-plus-square-foot suites—serves professionals and small families seeking a full-service residential experience with aquatic recreation and quiet study space, a profile distinct from the compact, high-density lifestyle of Ellie Condos or the older, amenity-light Doris Avenue cohort.