Centro - South Tower — Rental Market Data

Centro - South Tower holds four active listings as of August 31, 2026, spanning a price range of $2,290 to $3,150 per month with an average asking rent of $2,621 and a median of $2,522. The average suite measures 738 square feet at an asking rate of $3.73 per square foot, and the 1-Bedroom + Den layout commands 50 percent of current availability. Inventory leans toward compact entry-level and den-equipped suites rather than multi-bedroom executive layouts, with only one two-bedroom unit on the market.

The 1-Bedroom + Den layout leads active inventory with two units representing 50 percent of available listings at an average asking rent of $2,320 per month across 650 square feet and $3.57 per square foot. A single 1-Bedroom unit (25 percent share) asks $2,695 per month for 550 square feet at $4.90 per square foot, while the lone 2-Bedroom listing (25 percent share) is priced at $3,150 per month for 1,100 square feet at $2.86 per square foot.

Centro - South Tower's four active listings span a dollar spread of $860, from a minimum entry rent of $2,290 to a peak asking rent of $3,150 per month, representing a 37.6 percent spread. The median asking rent sits at $2,522 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $3.52 per square foot, while the peak offering is a 2-Bedroom at 1,100 square feet priced at $2.86 per square foot, meaning the higher absolute rent is driven by substantially greater floor area rather than a premium unit rate.

Centro - South Tower's active den-equipped suites carry a $375 per month discount relative to comparable one-bedroom units, with the den adding approximately 100 square feet of space at a marginal cost of negative $3.75 per square foot, indicating den layouts are priced below the base one-bedroom rate per square foot. Active parking premiums cannot be reliably isolated from current listings due to an insufficient paired sample, though verified historical leases established a $108 per month parking stall benchmark.

Centro - South Tower's active asking rent of $2,621 per month and $3.73 per square foot both exceed the Scarborough City Centre submarket benchmarks of $2,495 per month and $3.34 per square foot respectively. The building's asking rate per square foot runs 11.7 percent above the submarket asking average, a gap partly explained by current inventory skewing toward larger den-equipped and two-bedroom suites rather than the compact one-bedrooms that anchor the neighborhood median. Centro - South Tower accounts for four of the 74 active listings across the entire Scarborough City Centre submarket, representing roughly 5.4 percent of total neighborhood availability.

Centro – South Tower's average closed-lease rent of $2,408 per month sits $49 below the four-comp average of $2,457, placing it in the lower half of this immediate competitive set. Centro – North Tower (25 Town Centre Crt) leases at $2,526 per month, $3.23 per square foot, and 813 square feet on average—$118 (4.7%) above the subject. Encore at Equinox (50 Town Centre Crt) commands $2,185 per month at $3.87 per square foot for 591 square feet, a $223 (10.2%) lower headline rent driven by its compact suite size. Forest Vista (61 Town Centre Crt) leases at $2,600 per month, $3.06 per square foot, and 864 square feet, running $192 (7.4%) above the subject. EQ1 at Equinox (70 Town Centre Crt) closes at $2,518 per month, $3.63 per square foot, and 714 square feet, $110 (4.4%) higher than the subject's realized rent.

Centro – South Tower delivers 772 square feet at an average leased rate of $3.27 per square foot, a configuration that undercuts the submarket benchmark of $3.40 per square foot while offering more interior space than three of the four nearby competitors. Compared with Encore at Equinox (591 sq ft at $3.87/sq ft), the subject provides 181 additional square feet at a $0.60-per-square-foot discount, giving tenants materially more living area for less per-unit cost. Against EQ1 at Equinox (714 sq ft at $3.63/sq ft), the subject adds 58 square feet while trading at a $0.36-per-square-foot discount. On the other side, Centro – North Tower (813 sq ft at $3.23/sq ft) offers 41 more square feet but at a slightly lower per-foot rate, and Forest Vista (864 sq ft at $3.06/sq ft) provides 92 additional square feet at a $0.21-per-square-foot lower rate. Tenants choosing the subject accept a modestly smaller footprint than the two largest competitors in exchange for a newer building, a fuller amenity suite, and a per-square-foot rate that remains competitive across the cluster.

Centro – South Tower's amenity package—spanning an indoor pool, hot tub and jacuzzi, sauna and steam room, rooftop terrace, BBQ area, and garden courtyard—outperforms three of its four immediate neighbours on lifestyle breadth. The indoor pool and hot tub/jacuzzi combination is absent at Encore at Equinox and EQ1 at Equinox, both of which offer only a gym and party room for recreation. The dedicated BBQ area and rooftop terrace are missing entirely from Encore's amenity list, while the garden and courtyard space is unavailable at both Encore and EQ1. Forest Vista counters with a spa, business centre, prayer room, and clubhouse that the subject does not replicate, but it lacks the subject's rooftop terrace, BBQ area, and open garden courtyard. For young professionals and small families in Scarborough City Centre who want resort-style indoor and outdoor recreation without stepping into a 2013-build premium, Centro – South Tower delivers the most complete all-in-one lifestyle package in this 160-metre radius.