Living Shangri-La Toronto — Rental Market Data

Living Shangri-La Toronto holds five active listings as of August 31, 2026, with asking rents ranging from $4,950 to $9,200 per month, an average of $7,050, and a median of $7,200. The average suite spans 1,370 square feet at an asking rate of $5.27 per square foot. The two-bedroom layout dominates at 40 percent of active inventory, and the overall mix leans toward multi-bedroom and den configurations rather than compact entry-level suites.

The two-bedroom layout leads active availability with two units representing 40 percent of inventory, averaging $7,250 per month across 1,500 square feet at $4.83 per square foot. The remaining three listings are single-unit tiers: one one-bedroom at 850 square feet asking $4,950 ($5.82 per square foot), one one-bedroom plus den at 1,100 square feet asking $6,600 ($6.00 per square foot), and one two-bedroom plus den at 1,900 square feet asking $9,200 ($4.84 per square foot).

Living Shangri-La Toronto's five active listings span a $4,250 spread from a $4,950 entry point to a $9,200 peak, an 85.9 percent range. The median asking rent sits at $7,200 per month. The entry-level suite is a one-bedroom at 850 square feet priced at $5.82 per square foot, while the peak offering is a two-bedroom plus den at 1,900 square feet priced at $4.84 per square foot, reflecting the inverse relationship between suite size and per-square-foot cost within this building.

Living Shangri-La Toronto carries an active den premium of $1,650 per month for an additional 250 square feet of den space, equating to a marginal cost of $6.60 per square foot for the extra room. Parking stall premiums cannot be reliably isolated from current listings due to insufficient paired data, and no verified parking fee benchmark exists in the recent lease history.

Living Shangri-La Toronto's active asking rent of $7,050 per month and $5.27 per square foot both exceed the Downtown Core submarket averages of $3,471 per month and $4.56 per square foot. The building's 15.6 percent premium on a per-square-foot basis reflects both larger average suite sizes and a higher-end positioning within the submarket. With five active listings out of 224 total Downtown Core active units, Living Shangri-La Toronto represents approximately 2.2 percent of the submarket's current rental inventory.

Living Shangri-La Toronto's average closed lease rent of $6,291 per month sits well above the four-comp average of $2,865, reflecting its larger suite sizes and premium amenity package. Boutique Condos II at 126 Simcoe St leases at $2,695 per month ($4.18 per square foot, 652 sq ft average), University at 140 Simcoe St at $2,799 per month ($4.20 per square foot, 683 sq ft), Qwest at 168 Simcoe St at $3,133 per month ($4.19 per square foot, 747 sq ft), and Studio at 199 Richmond St W at $2,833 per month ($4.40 per square foot, 656 sq ft). The subject building's premium over each comp ranges from $2.44 to $2.66 per square foot, a spread driven primarily by its 1,003-square-foot average suite area versus the 652-to-747-square-foot range at competing properties.

Living Shangri-La Toronto commands a premium of $2.44 to $2.66 per square foot over every nearby competitor while delivering 256 to 351 additional square feet of interior space, making it the largest and highest-rate product in this immediate cluster. Against Boutique Condos II at $4.18 per square foot and 652 sq ft, the subject offers 351 more square feet at $6.84 per square foot; versus Studio at $4.40 per square foot and 656 sq ft, the delta is 347 additional square feet. Tenants choosing a comp save roughly $3,400 to $3,600 per month in absolute rent but accept suites that are 30 to 35 percent smaller in footprint. The subject building's value proposition rests on delivering a full 1,003-square-foot living area with a premium amenity layer, a trade-off that suits renters who prioritize space and lifestyle over minimum monthly outlay.

Living Shangri-La Toronto offers a wellness-and-convenience amenity suite that distinguishes it from all four nearby competitors on several signature features. The building's EV Charging Station and Car Wash Bay are absent from Boutique Condos II, University, Qwest, and Studio alike, giving residents an in-building vehicle care and charging convenience no peer matches. Its Indoor Pool contrasts with the Outdoor Pools at Boutique Condos II and Studio, providing year-round aquatic access regardless of Toronto's winter climate. A dedicated Spa facility is unique to the subject among these four buildings, while its Business Centre exceeds the basic meeting rooms found at University, Qwest, and Studio. Together, these differentiators—EV infrastructure, car wash, indoor pool, spa, and full-service business centre—position the building for career-focused professionals and small-business operators who want a turnkey urban lifestyle without leaving the property for daily wellness, vehicle maintenance, or work-related needs.