Discovery II - Park Place (E) — Rental Market Data

Discovery II – Park Place (E) has three active listings as of August 31, 2026, with asking rents ranging from $2,150 to $2,950 per month, an average of $2,433 per month, and a median of $2,200 per month. The average active suite measures 733 square feet at an asking rate of $3.53 per square foot. Inventory skews toward compact entry-level one-bedroom suites, with two of the three listings (66.7 percent) in that tier, while the remaining unit is a 1,100-square-foot two-bedroom executive layout.

The dominant active layout at Discovery II – Park Place (E) is the one-bedroom, accounting for two of three available units or 66.7 percent of active inventory. One-bedroom listings average $2,175 per month across 550 square feet at $3.95 per square foot, while the single two-bedroom unit asks $2,950 per month for 1,100 square feet at $2.68 per square foot. No studio or three-bedroom units are currently on the market.

Discovery II – Park Place (E) offers an active asking range from $2,150 to $2,950 per month, a dollar spread of $800 and a percentage spread of 37.2 percent. The median asking rent sits at $2,200 per month. The entry-level suite is a 550-square-foot one-bedroom at $3.91 per square foot, while the peak listing is a 1,100-square-foot two-bedroom at $2.68 per square foot, reflecting the inverse relationship between suite size and rate density within this small sample.

Active den premiums at Discovery II – Park Place (E) cannot be reliably quantified due to insufficient paired sample data, so no marginal cost per square foot for additional den space can be stated. Active parking stall premiums are likewise inconclusive; the available data contains anomalous outliers or an insufficient paired sample, and no verified monthly parking add-on can be quoted for current listings. Historical lease records do confirm a verified parking premium of $305 per month across closed transactions.

Discovery II – Park Place (E) asks an average of $2,433 per month at $3.53 per square foot, compared to the Don Valley North submarket asking benchmark of $2,608 per month at $3.93 per square foot. The building's 10.2 percent discount on rate per square foot is partly explained by its 733-square-foot average active footprint versus the submarket's broader mix, and the nominal rent gap of $175 per month narrows further when adjusted for suite size. Discovery II – Park Place (E) represents three out of 225 available listings in the Don Valley North submarket, or roughly 1.3 percent of total active inventory.

Discovery II - Park Place (E) realized an average lease rent of $2,285 per month over its full leasing history, which is $169 below the four-comp benchmark of $2,454 and below every individual competitor's reported figure. Discovery II - Park Place (D) at 15 Singer Crt, 0.02 kilometres away with 7 closed leases, averaged $2,472 per month at $3.50 per square foot across 720 square feet; Discovery I - Park Place (B) at 29 Singer Crt, 0.11 kilometres out with 26 closed leases, averaged $2,438 per month at $3.63 per square foot across 702 square feet; Discovery I - Park Place (A) at 33 Singer Crt, 0.14 kilometres distant with 14 closed leases, averaged $2,484 per month at $3.63 per square foot across 711 square feet; and Tango 2 at 72 Esther Shiner Blvd, 0.14 kilometres away with 23 closed leases, averaged $2,422 per month at $3.40 per square foot across 724 square feet. The subject trades at a lower monthly rent than each of these four active peers, with the gap ranging from $137 (Tango 2) to $199 (Discovery I - Park Place (A)).

Discovery II - Park Place (E) leases at $3.50 per square foot across an average 687-square-foot suite, positioning it at a slight per-square-foot discount to the Discovery I buildings and at a modest premium to Tango 2, while its smaller interior footprint drives the lower nominal rent against every active competitor. Against Discovery II - Park Place (D), the subject trades at identical $3.50 per square foot parity but provides 33 fewer interior square feet, so the $187-per-month rent gap is entirely a function of the smaller suite rather than a rate concession. Versus Discovery I - Park Place (B) and Discovery I - Park Place (A), the subject offers a $0.13 per square foot (3.6%) discount while also delivering 15 and 24 fewer square feet respectively, meaning the lower total rent reflects both a more competitive rate and a tighter floor plate. Against Tango 2, the subject commands a $0.10 per square foot (2.9%) premium yet still provides 37 fewer interior square feet, so the $137-per-month rent difference is driven by the smaller footprint offsetting the higher per-square-foot rate. In every pairing, the nominal rent variance is a footprint effect layered on a broadly comparable per-square-foot valuation rather than a signal of weaker asset pricing.

Discovery II - Park Place (E) fields a 23-item amenity suite that is the most expansive in its immediate peer set, outpacing all four nearby competitors on both breadth and specialty offerings. The building's signature differentiators include a rock climbing wall, a dedicated music room, an outdoor pool, and a tai chi outdoor exercise area—features absent from Discovery II - Park Place (D), Discovery I - Park Place (B), Discovery I - Park Place (A), and Tango 2. While all four competitors share core wellness infrastructure such as an indoor pool, gym, sauna, and hot tub, none replicate the subject's combination of active-recreation courts (basketball, squash, badminton) alongside creative and family-oriented spaces like the music room, kids' play room, and children's outdoor playground. Tango 2, the newest comp at a 2015 completion, offers a tai chi deck but lacks the yoga studio, indoor pool, basketball court, and children's facilities that anchor the subject's package. This lifestyle profile best serves active young professionals and small families in the Don Valley North corridor who want a single-building solution for fitness, recreation, remote-work meetings, and family programming without splitting membership across multiple facilities.