18 Yonge — Rental Market Data

18 Yonge has three active rental listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,800 per month, an average of $2,533, and a median of $2,500. The average suite size across these listings is 655 square feet at a blended asking rate of $3.89 per square foot. One-bedroom units account for 66.7 percent of active inventory, while the remaining 33.3 percent is a single one-bedroom-plus-den layout, indicating the current pool skews toward compact entry-level suites rather than multi-bedroom executive configurations.

The dominant active layout at 18 Yonge is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $2,400 per month across 608 square feet and a rate of $3.97 per square foot. The one-bedroom-plus-den tier holds one listing at 33.3 percent share, asking $2,800 per month for 750 square feet at $3.73 per square foot. With only three total units on the market, both tiers reflect limited selection rather than broad inventory depth.

18 Yonge's active asking rents span from a minimum of $2,300 to a peak of $2,800 per month, a dollar spread of $500 and a percentage spread of 21.7 percent. The median asking rent sits at $2,500 per month. The entry-level suite is a 550-square-foot one-bedroom priced at $4.18 per square foot, while the peak listing is a 750-square-foot one-bedroom-plus-den at $3.73 per square foot, showing that the larger den-equipped unit commands a higher nominal rent despite a lower per-square-foot rate.

At 18 Yonge, the active den premium is quantified at $400 per month for an additional 142 square feet of space, translating to a marginal cost of $2.82 per square foot for the extra den area. Verified parking stalls carry a confirmed add-on of $200 per month, consistent with the $228 per month observed in closed lease transactions.

18 Yonge's active asking rent of $2,533 per month and $3.89 per square foot both trail the Downtown Core submarket benchmarks of $3,471 per month and $4.56 per square foot, placing the building 14.7 percent below the broader asking rate. The nominal rent gap narrows when accounting for suite size: the building's 655-square-foot average footprint is modestly larger than what the submarket's higher per-square-foot rate would imply at equivalent pricing. 18 Yonge currently holds three of the 224 active listings in the Downtown Core submarket, representing approximately 1.3 percent of total available inventory.

18 Yonge's average realized lease rent of $2,507 per month sits $427 below the four-comp benchmark of $2,934, with every nearby competitor recording higher closed-lease rents over the trailing 180 days. Centre – Tower I (16 Yonge St, 0.11 km) closed 16 leases at an average of $2,937 per month ($3.97 per square foot, 747 sq ft); Backstage (1 The Esplanade, 0.16 km) closed 9 leases at $2,789 per month ($4.07 per square foot, 689 sq ft); 33 Bay Residences at Centre (33 Bay St, 0.16 km) closed 11 leases at $3,073 per month ($4.37 per square foot, 732 sq ft); and Centre – Tower II (12 Yonge St, 0.17 km) closed 7 leases at $2,936 per month ($3.66 per square foot, 807 sq ft). All four competitors posted active transaction volume, so each provides a realized-rent benchmark rather than a listing-only reference.

18 Yonge's leased rate of $4.02 per square foot on an average 640-square-foot suite matches the comp-set per-square-foot average while delivering the smallest interior footprint in the cluster. Against Centre – Tower I, the subject commands a $0.05 per square foot (1.3%) premium yet provides 107 fewer interior square feet, so the $430 lower monthly rent is driven by the reduced footprint rather than a weaker per-space valuation. Versus Backstage, the subject trades at a $0.05 per square foot (1.2%) discount and offers 49 fewer square feet, keeping the nominal rent $282 lower. Against 33 Bay Residences at Centre, the subject trades at a $0.35 per square foot (8.0%) discount with 92 fewer square feet, producing a $566 monthly savings. Centre – Tower II presents the sharpest contrast: the subject commands a $0.36 per square foot (9.8%) premium while providing 167 fewer square feet, meaning the $429 lower rent is entirely a function of the smaller suite size. In every pairing, the rent differential tracks the square-footage gap rather than a divergence in per-space pricing.

18 Yonge offers a 13-feature lifestyle package—including an indoor pool, hot tub, sauna, gym, yoga studio, putting green, rooftop terrace, business centre, and meeting room—that is leaner than the 20-to-22-feature suites at the three larger towers but more targeted than Backstage's 13-feature set. The building's indoor pool distinguishes it from Backstage, which provides an outdoor pool, and its yoga studio is absent from Centre – Tower I, 33 Bay Residences at Centre, and Centre – Tower II. Where the adjacent towers layer in basketball courts, squash courts, tennis and pickleball courts, running tracks, wine cellars, and car-share programs, 18 Yonge concentrates its common space around aquatic wellness, fitness, and remote-work infrastructure. That trade-off suits young professionals and small households in the Downtown Core who prioritize a full-service indoor amenity suite and a lower total monthly rent over the sprawling recreational footprints of the neighbouring high-rises.