Residences — Rental Market Data

Residences at 183 Wellington Street West carries exactly one active listing as of August 31, 2026, asking $30,000 per month with both the average and median rent at that same figure. The suite spans 600 square feet at a rate of $50 per square foot, and the entire active inventory consists of a single 2-Bedroom + Den layout representing 100 percent of available units. With only one listing in the building, the active stock leans entirely toward a premium multi-bedroom configuration rather than offering entry-level or compact one-bedroom options.

The sole active listing at Residences is a 2-Bedroom + Den unit, accounting for 100 percent of the building's available inventory. This single suite asks $30,000 per month across 600 square feet, yielding a rate of $50 per square foot. No other bedroom tiers—whether one-bedroom, two-bedroom without den, or three-bedroom—are currently on the market at this address.

Residences at 183 Wellington Street West shows a minimum and maximum asking rent of $30,000 per month, producing a dollar spread of zero and a percentage spread of zero percent across its single active listing. The median asking rent likewise sits at $30,000 per month. The entry-level and peak suite are the same unit: a 2-Bedroom + Den layout of 600 square feet priced at $50 per square foot, leaving no price differentiation for renters to navigate within this building.

Residences at 183 Wellington Street West does not provide quantifiable den premium data, as the active den dollar amount and square-footage delta are both unrecorded. Marginal cost per square foot for additional den space therefore cannot be calculated from the current listing. Active parking stall premiums also cannot be reliably isolated due to insufficient paired sample data, and no verified parking fee should be attributed to this building's current inventory.

Residences at 183 Wellington Street West asks $30,000 per month at $50 per square foot, compared to the Entertainment District submarket asking benchmark of $3,542 per month at $5.53 per square foot. The building's active rate per square foot runs 804.2 percent above the submarket asking standard, a gap that cannot be explained by suite size alone since the active unit's 600-square-foot footprint is actually 41 square feet smaller than the submarket implied average of 641 square feet. This single listing represents 1 out of 153 available units across the broader Entertainment District rental market.

The Residences at 183 Wellington St W realized an average lease rent of $11,550 per month over its transaction history, a figure that exceeds the three-active-comp blended benchmark of $3,069 per month by more than three-to-one. The Mercer at 8 Mercer Street (0.18 km, 25 closed leases) posted the highest transaction volume in the set at an average of $2,576 per month, $4.36 per square foot, and 601 square feet; Three Hundred at 300 Front Street West (0.20 km, 6 closed leases) averaged $3,873 per month, $4.53 per square foot, and 825 square feet; and The Rosemont Residences at 50 John Street (0.15 km, 5 closed leases) recorded $2,759 per month, $3.71 per square foot, and 748 square feet. Symphony Place at 71 Simcoe Street (0.22 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject's pricing.

The Residences commands a premium of $7.52 per square foot across an average 1,550-square-foot suite, a rate and footprint combination that sits well above the submarket leased benchmark of $4.52 per square foot and the three-comp average of $4.20 per square foot at 725 square feet. Against The Mercer, the subject trades at a $3.16 per square foot (72.5%) premium while providing 949 more interior square feet, meaning the higher nominal rent of $8,974 per month is driven by both a materially larger interior footprint and a higher per-unit rate rather than asset valuation alone. Against Three Hundred, the subject commands a $2.99 per square foot (66.0%) premium with 725 additional square feet, and against The Rosemont Residences, the premium widens to $3.81 per square foot (102.7%) with 802 more square feet. In every active comparison the subject delivers more interior space at a higher rate per square foot, so the rent differential reflects a genuinely larger, higher-specification product rather than a pricing anomaly.

The Residences at 183 Wellington St W offers a 13-feature lifestyle package anchored by an indoor pool, spa, hot tub and jacuzzi, business centre, and rooftop terrace, a breadth that exceeds or matches every active peer in the immediate cluster. The subject's indoor pool and dedicated spa are absent from The Mercer (which offers a reflective pool and sauna/steam room but no spa) and from The Rosemont Residences (which provides a golf simulator and dining room but no aquatic or spa facilities). Three Hundred differentiates with an outdoor pool, private cabana lounges, a massage room, and a Roman fountain, features the subject does not replicate, while the subject's business centre and media/theatre room are matched by The Rosemont but not by The Mercer. Symphony Place, with zero recent transactions, offers only a six-amenity baseline of concierge, gym, party room, meeting room, sauna/steam, and hot tub, making it a far more limited lifestyle reference. The Residences' aquatic-wellness core, combined with its business and remote-work infrastructure, is best suited to professionals and small-business operators who prioritize on-site fitness, spa access, and meeting space within a walkable Entertainment District address.