181 East — Rental Market Data

181 East carries six active listings as of August 31, 2026, with asking rents spanning $1,900 to $2,575 per month, an average of $2,350 and a median of $2,438. The mean suite size across these listings is 570 square feet at an average asking rate of $4.26 per square foot. Inventory leans toward the 1-Bedroom + Den tier, which accounts for 66.7 percent of active availability, while the remaining 33.3 percent consists of compact Studio units, giving renters a modest spread between entry-level and one-step-up options.

The dominant active layout at 181 East is the 1-Bedroom + Den, with four units representing 66.7 percent of current availability at an average asking rent of $2,488 per month across 654 square feet, or $3.80 per square foot. The Studio tier holds two listings at 33.3 percent share, averaging $2,075 per month for 400 square feet at $5.19 per square foot. Both tiers offer a small but genuine selection rather than a single-unit deal, giving renters at least two comparable options within each bedroom category.

181 East's active availability spans a $675 spread, from a $1,900 entry point to a $2,575 peak, a 35.5 percent range across the six current listings. The median asking rent of $2,438 per month sits closer to the upper half of that band. At the entry end, a 400-square-foot Studio asks $1,900 per month at $4.75 per square foot, while the peak listing is a 650-square-foot 1-Bedroom + Den at $2,575 per month and $3.96 per square foot, reflecting the inverse relationship between suite size and unit rate.

181 East does not currently have a quantified den premium; the dollar amount and square-footage delta between den-equipped and non-den suites are unreported in active listings. The verified active parking premium is $75 per month, a modest add-on relative to the $267 per month benchmark established in historical leases. Renters should note that the active parking figure is confirmed and reliable, while den pricing will need to be confirmed directly with the leasing office on a unit-by-unit basis.

181 East's active asking rent of $2,350 per month sits below the Willowdale submarket average of $2,755, yet its $4.26 per square foot rate runs 3.4 percent above the submarket asking benchmark of $4.12 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing—570 square feet on average versus the submarket's larger leased inventory—rather than a cheaper unit price. The building accounts for six of the 19 active listings in the Willowdale submarket, representing roughly 32 percent of current rental availability in the area.

181 East's average closed-lease rent of $2,862 per month runs $230 above the four-comp average of $2,632, positioning it as the higher-rent option in this immediate cluster. Pavilion Del Sol at 5 Kenneth Ave (0.36 km) leases at $2,950 per month, $2.73 per square foot across 1,125 square feet, making it the only comp that actually exceeds the subject on headline rent despite its 1989 build date. EI8HTY8 at 88 Sheppard Ave E (0.52 km) closed leases averaging $2,373 per month at $3.83 per square foot over 623 square feet, a $489-per-month discount to the subject. Aristo at 120 Harrison Garden Blvd (0.63 km) recorded an average of $2,573 per month at $3.62 per square foot across 715 square feet, sitting $289 below the subject. Pavilion of North York Place at 10 Kenneth Ave (0.51 km) had no closed lease transactions in the trailing 180-day window, so no direct rent benchmark is available for that property.

181 East leases at $3.85 per square foot over an average 762-square-foot suite, a rate that sits below the Willowdale submarket average of $4.06 per square foot while commanding small premiums over three of four nearby comparables. Against Pavilion Del Sol's $2.73 per square foot, the subject trades at a $1.12-per-square-foot premium, but tenants receive 363 fewer square feet than that 1989 tower's 1,125-square-foot average, so the higher per-square-foot cost is partly offset by a more compact, efficient floor plan. Versus EI8HTY8 at $3.83 per square foot, the subject's premium is a mere $0.02 per square foot while delivering 139 more square feet than that building's 623-square-foot average. Compared with Aristo at $3.62 per square foot, the subject carries a $0.23-per-square-foot premium and provides 47 additional square feet over Aristo's 715-square-foot average. The practical trade-off for a renter is straightforward: 181 East costs slightly more per square foot than its 2014–2015 peers but offers a 2025-built product with newer finishes, updated building systems, and a broader wellness amenity package, which justifies the modest per-square-foot delta for tenants who weight building age and lifestyle features heavily.

181 East's amenity profile is the most wellness- and work-oriented in its immediate competitive set, distinguishing it clearly from both the 1987–1989 Pavilion towers and the 2014–2015 mid-rise competitors. The building's dedicated Pet Wash Station has no equivalent at Aristo, EI8HTY8, or either Pavilion property, giving pet-owning renters a feature they cannot access within a short walk. Its Business Centre is absent from Aristo and both Pavilion buildings, offering a step up from the basic meeting rooms those properties provide. The Dining Room & Kitchen at 181 East contrasts with Pavilion Del Sol, which offers no communal dining space, and with EI8HTY8, whose on-site restaurant serves a different, more commercial function. The Library & Reading Room is missing from both Aristo and EI8HTY8, giving 181 East a quiet, residential-scale study environment those competitors do not match. Finally, the dedicated Yoga Studio at 181 East is not replicated at Aristo (which offers only a Spin Studio) or at either Pavilion property, rounding out a programming mix that speaks directly to young professionals aged 25 to 40 who blend remote work, active wellness routines, and pet-friendly urban living into a single rental decision.