Vivo - Soul Condos III — Rental Market Data

Vivo – Soul Condos III lists eight active units as of August 31, 2026, with asking rents ranging from $1,495 to $2,800 per month, an average of $2,312 and a median of $2,325. The average suite measures 551 square feet at an asking rate of $4.43 per square foot. One-bedroom and one-bedroom-plus-den layouts each account for 37.5 percent of active inventory, indicating the building's current availability leans toward compact entry-level and flex-space suites rather than multi-bedroom executive plans.

One-bedroom and one-bedroom-plus-den layouts are co-dominant, each holding three of the eight active listings for a 37.5 percent share. One-bedroom units average $1,998 per month across 467 square feet at $4.58 per square foot, while one-bedroom-plus-den suites average $2,350 per month across 503 square feet at $4.78 per square foot. The two-bedroom tier offers two units averaging $2,725 per month across 750 square feet at $3.69 per square foot.

Vivo – Soul Condos III spans an asking rent range from $1,495 to $2,800 per month, a dollar spread of $1,305 or 87.3 percent. The median asking rent sits at $2,325 per month. The entry-level suite is a one-bedroom at 600 square feet priced at $2.49 per square foot, while the peak listing is a two-bedroom at 850 square feet priced at $3.29 per square foot.

Vivo – Soul Condos III carries an active den premium of $352 per month for an additional 37 square feet of flex space, equating to a marginal cost of $9.51 per square foot for the extra den area. Verified parking stall costs stand at $301 per month in active listings, consistent with the $303 per month benchmark established in recent closed leases.

Vivo – Soul Condos III asks an average of $2,312 per month at $4.43 per square foot, compared with the Don Valley North submarket asking benchmark of $2,608 per month at $3.93 per square foot. The building's lower nominal monthly rent is driven by its smaller average suite size of 551 square feet rather than a cheaper per-square-foot rate; in fact, the building prices 12.7 percent above the submarket asking rate per square foot. Vivo – Soul Condos III represents eight of the 225 active listings currently available across the Don Valley North submarket.

Vivo - Soul Condos III's average closed-lease rent of $2,278 per month sits $1 below the four-comp average of $2,279, making it effectively in line with the immediate Fairview Mall Drive corridor. Verde - Soul Condos IV at 188 Fairview Mall Dr leases at $2,183 per month ($4.01 per square foot on 562 square feet), which is $95 less than the subject. Soul Condos - Phase 1 at 150 Fairview Mall Dr comes in at $2,292 per month ($3.93 per square foot on 599 square feet), a $14 premium over the subject. Connect Condos - Soul II at 128 Fairview Mall Dr averages $2,228 per month ($4.16 per square foot on 555 square feet), $50 below the subject. Emerald City Condominiums at 70 Forest Manor Rd carries the highest average at $2,411 per month ($3.62 per square foot on 681 square feet), $133 above the subject. The spread across the set is modest—roughly $228 from lowest to highest—indicating a tightly banded rental market where suite size and per-square-foot economics matter more than headline rent differences.

Vivo - Soul Condos III leases at $3.78 per square foot on an average 628-square-foot suite, a rate that undercuts three of its four direct competitors on a per-square-foot basis while offering more interior space than each of those three. Compared with Verde - Soul Condos IV (562 sq ft at $4.01/sq ft), the subject provides 66 additional square feet at a $0.23-per-square-foot discount. Against Soul Condos - Phase 1 (599 sq ft at $3.93/sq ft), the subject adds 29 square feet for $0.15 less per square foot. Versus Connect Condos - Soul II (555 sq ft at $4.16/sq ft), the subject delivers 73 more square feet at a $0.38-per-square-foot savings—the widest per-square-foot gap in the set. The one exception is Emerald City Condominiums, where the subject's 628-square-foot average is 53 square feet smaller than the 681-square-foot Emerald City suite, and the subject trades at a $0.16-per-square-foot premium ($3.78 versus $3.62). Renters choosing Vivo - Soul Condos III are therefore trading a modest amount of floor area for a 2022-built product with a denser amenity floor plan, while those prioritizing maximum square footage at the lowest per-square-foot cost gravitate toward Emerald City's larger, 2014-era units.

Vivo - Soul Condos III offers a nine-amenity social and wellness package that, while not the largest in the cluster, includes several features absent from specific nearby competitors and is housed in a 2022-built tower. The dedicated Media & Theatre Room is not offered at Verde - Soul Condos IV (188 Fairview Mall Dr), which instead allocates that floor space to a Business Centre and Kids' Play Room. The Rooftop Terrace and the Dining Room & Kitchen are both missing from Connect Condos - Soul II (128 Fairview Mall Dr), which substitutes a Garden & Courtyard, BBQ Area, and Wifi Lounge in their place. Emerald City Condominiums (70 Forest Manor Rd) provides an Indoor Pool, Hot Tub & Jacuzzi, and Sauna & Steam Room—wet-recreation amenities the subject does not carry—but its 2014 build predates Vivo by eight years. The subject's combination of a Media & Theatre Room, Rooftop Terrace, and full Dining Room & Kitchen in a single 2022 tower creates an integrated social-living package best suited to young professionals and small households who prioritize indoor gathering spaces, fitness, and concierge service over resort-style wet amenities or dedicated pet-care facilities.