The Royal at Bayview Glen — Rental Market Data

The Royal at Bayview Glen has one active listing as of August 31, 2026, asking $2,800 per month with both the average and median rent at $2,800. The available suite spans 1,100 square feet at an asking rate of $2.55 per square foot, and the 100 percent layout share is a two-bedroom unit. This single listing leans firmly toward the larger, multi-bedroom executive end of the spectrum rather than compact entry-level inventory, offering substantially more living area than the submarket implied average of 733 square feet.

The Royal at Bayview Glen's sole active listing is a two-bedroom unit, representing 100 percent of current available inventory as a single-listing sample. That one unit asks $2,800 per month for 1,100 square feet at $2.55 per square foot, with no studio, one-bedroom, or three-bedroom tiers currently on the market. Renter options at this building are therefore limited to this single two-bedroom offering until additional units enter the pipeline.

The Royal at Bayview Glen shows a minimum entry rent of $2,800 per month and a peak asking rent of $2,800 per month, producing a dollar spread of $0 and a percentage spread of 0 percent across its single active listing. The median asking rent is likewise $2,800. The entry-level and peak suite are the same unit: a two-bedroom layout of 1,100 square feet priced at $2.55 per square foot, so no tier differentiation exists in the current active inventory.

The Royal at Bayview Glen does not have a quantified active den premium or square-footage delta, as the single available listing is a standard two-bedroom unit with no paired den variant to isolate marginal cost. Parking stall premiums also cannot be reliably isolated from the current data, as the sample of paired active and leased transactions is insufficient to separate a consistent parking add-on from noise. Renters should confirm parking availability and associated monthly fees directly with the leasing office before signing.

The Royal at Bayview Glen's active asking rent of $2,800 per month matches the Richmond Hill submarket average asking rent exactly, but its $2.55 per square foot rate is 33.2 percent below the submarket asking benchmark of $3.82 per square foot. That per-square-foot discount is a direct function of suite size: the building's active unit at 1,100 square feet is 367 square feet larger than the submarket implied average of 733 square feet, so the identical nominal rent stretches across a considerably more expansive footprint. The building currently accounts for one out of 94 available listings in the Richmond Hill submarket, a 1.1 percent share of total active inventory.

The Royal at Bayview Glen's all-time average realized rent of $2,567 per month sits $162 below the four-comp benchmark of $2,729, placing it at the low end of this Oneida Crescent micro-market. Era at Yonge 2 (105 Oneida Cres, 0.06 km) closed 31 leases at an average of $2,828 per month, $3.69 per square foot, and 771 square feet; the subject trades $261 lower per month than this comp. Era at Yonge (95 Oneida Cres, 0.11 km) closed 26 leases averaging $2,733 per month, $3.71 per square foot, and 744 square feet, with the subject $166 lower. Yonge Parc (75 Oneida Cres, 0.07 km) closed 13 leases at $2,700 per month, $3.51 per square foot, and 775 square feet, where the subject is $133 lower. Yonge Parc 2 (85 Oneida Cres, 0.10 km) closed 12 leases at $2,654 per month, $3.50 per square foot, and 767 square feet, with the subject $87 lower. All four competitors recorded active lease volume, so each provides a realized pricing benchmark rather than a zero-transaction reference.

The Royal at Bayview Glen leases at $3.41 per square foot across a 767-square-foot average suite, trading at a discount below every active competitor on a per-square-foot basis while matching or exceeding their interior footprints. Against Era at Yonge 2, the subject offers a $0.28 per square foot (7.6%) discount and provides 4 fewer interior square feet; against Era at Yonge, the discount widens to $0.30 per square foot (8.1%) yet the subject actually delivers 23 more square feet, meaning the larger footprint does not close the rate gap and the nominal rent difference is driven by the older asset's lower per-square-foot valuation rather than a smaller unit. Yonge Parc carries a $0.10 per square foot (2.8%) premium over the subject with 8 more square feet, and Yonge Parc 2 holds a $0.09 per square foot (2.6%) edge with identical 767-square-foot suites. In every pairing the subject's lower monthly rent reflects a genuine per-square-foot discount on a 2008-built product, not a reduction in livable area.

The Royal at Bayview Glen offers an eight-feature lifestyle package anchored by a golf simulator and a dedicated library and reading room, two amenities absent from all four nearby competitors. The subject's concierge, gym, party lounge, games and billiards room, media and theatre room, and meeting room overlap with the broader peer set, but it lacks the indoor pools at Era at Yonge 2 and Yonge Parc 2, the rooftop terraces found at all four competitors, the yoga studios at Era at Yonge 2, Yonge Parc, and Era at Yonge, the sauna and steam rooms at three of the four, and the pet wash stations and EV charging bays present at Era at Yonge 2, Yonge Parc 2, and Era at Yonge. The golf simulator and library give the building a distinct leisure-and-focus character that no 2020-to-2024 competitor replicates, appealing to cost-conscious professionals and small families who prioritize a quiet, amenity-lighter residential experience over pool-and-terrace resort-style living.