The Chelsea — Rental Market Data

The Chelsea at 19 Barberry Place has two active listings as of August 31, 2026, with asking rents ranging from $2,425 to $2,475 per month and an average and median rent of $2,450. Both available suites average 700 square feet at a combined asking rate of $3.52 per square foot. The inventory splits evenly between a one-bedroom layout and a one-bedroom-plus-den configuration, placing the current mix squarely in the compact entry-level and small executive tier rather than multi-bedroom family units.

The dominant active layout at The Chelsea is the one-bedroom, with one unit representing 50 percent of available inventory at an average asking rent of $2,425 per month on 750 square feet ($3.23 per square foot). The remaining 50 percent is a single one-bedroom-plus-den unit listed at $2,475 per month on 650 square feet ($3.81 per square foot). Both tiers are single-listing samples, so no tier offers a comparative spread for renters to benchmark within the building.

The Chelsea's two active listings span a $50 spread, from a minimum entry rent of $2,425 to a peak asking rent of $2,475 per month, a 2.1 percent range. The entry-level suite is a one-bedroom at 750 square feet priced at $3.23 per square foot, while the peak listing is a one-bedroom-plus-den at 650 square feet carrying a $3.81 per-square-foot rate. The median asking rent across both units is $2,450 per month.

The Chelsea's active den premium is $50 per month, attached to a suite that is 100 square feet smaller than the standard one-bedroom, meaning the den configuration actually reduces usable floor area rather than adding it. The marginal cost per square foot for the den delta cannot be reliably calculated from this single paired comparison. Active parking stall premiums cannot be reliably isolated due to insufficient paired data, and no verified parking add-on cost can be quoted for current listings.

The Chelsea's active asking rent of $2,450 per month and $3.52 per square foot both sit below the Don Valley North submarket benchmarks of $2,635 per month and $3.89 per square foot, a 9.5 percent per-square-foot discount. The nominal rent gap narrows when accounting for suite size: The Chelsea's average active footprint of 700 square feet is roughly 23 square feet larger than the submarket implied average of 677 square feet, so the lower per-square-foot rate partially offsets the larger floor area. The building currently holds two of the 260 active listings in the Don Valley North submarket, a 0.8 percent share of total available inventory.

The Chelsea's average realized lease rent of $2,236 per month sits $241 below the four-comp benchmark of $2,477, with every active competitor pricing above the subject. NY Place at 17 Kenaston Gdns (0.06 km, 4 closed leases) averaged $2,250 per month at $3.93 per square foot across 588 square feet, placing The Chelsea $14 lower on a monthly basis. Lotus at 7 Kenaston Gdns (0.07 km, 21 closed leases) realized $2,421 per month at $3.82 per square foot over 639 square feet, a $185 monthly premium over The Chelsea. Empire at NY Towers at 17 Barberry Pl (0.09 km, 8 closed leases) closed at $2,413 per month, $3.78 per square foot, and 644 square feet—$177 above the subject. NY Towers II – Waldorf West at 2 Rean Dr (0.10 km, 6 closed leases) posted the highest average at $2,825 per month, $3.43 per square foot, and 832 square feet, representing a $589 monthly gap over The Chelsea. All four comparables recorded active lease transactions in the trailing 180-day window, so each figure reflects realized market pricing rather than asking-only data.

The Chelsea leases at $3.74 per square foot across an average 600-square-foot suite, trading at a discount below three of four active nearby competitors on a per-square-foot basis while commanding a premium over the largest-footprint peer. Against NY Place ($3.93 per square foot, 588 sq ft), The Chelsea offers a $0.19 per square foot discount (4.8% lower rate) while providing 12 more interior square feet, delivering both a cheaper rate and a slightly larger footprint. Versus Lotus ($3.82 per square foot, 639 sq ft), the subject trades at a $0.08 per square foot discount (2.1%) but provides 39 fewer square feet, meaning the lower monthly rent is partly a function of the smaller interior rather than a pure rate advantage. Empire at NY Towers ($3.78 per square foot, 644 sq ft) shows the tightest spread: The Chelsea discounts by $0.04 per square foot (1.1%) while giving up 44 square feet of interior space. The outlier is NY Towers II – Waldorf West ($3.43 per square foot, 832 sq ft), where The Chelsea commands a $0.31 per square foot premium (9.0%) yet provides 232 fewer square feet; here the higher rate per square foot is offset by the substantially smaller footprint, so the $589 lower monthly rent reflects the reduced interior area rather than a weaker asset valuation.

The Chelsea offers a solid mid-range lifestyle package—concierge and security, gym and fitness centre, party and lounge room, meeting room, media and theatre room, games and billiards room, BBQ area, and a café with WiFi—that covers the core social and wellness needs of a one-bedroom renter but stops short of the aquatic, spa, and outdoor-terrace features that define its immediate peers. NY Place (17 Kenaston Gdns) layers on a rooftop terrace and garden courtyard; Lotus (7 Kenaston Gdns) adds a yoga studio, dining room and kitchen, rooftop terrace, and a European-inspired spa; Empire at NY Towers (17 Barberry Pl) includes an indoor pool, hot tub and jacuzzi, sauna and steam room, golf simulator, library and reading room, and rooftop terrace; and NY Towers II – Waldorf West (2 Rean Dr) pairs a yoga studio, indoor pool, hot tub, sauna, golf simulator, and garden courtyard with the same core fitness and social rooms. The Chelsea's café with WiFi and dedicated meeting room give it a mild remote-work edge over Waldorf West, which lists no café or dedicated workspace, while its games and billiards room and media theatre are absent from Lotus's amenity roster. The building's package best serves cost-conscious young professionals and small households who want a functional gym, a social lounge, and a quiet café for laptop work without paying the premium that aquatic and spa-heavy towers command in this pocket.