Park Lake Residences — Rental Market Data

Park Lake Residences carries 3 active listings as of August 31, 2026, featuring a price range spanning from $2,900 to $3,250 per month, an average asking rent of $3,083 per month, and a median asking rent of $3,100 per month. Active suites average 817 square feet at an asking rate of $3.78 per square foot. The current active inventory consists entirely of 2-bedroom layouts, representing a 100 percent share of available stock and skewing current options toward multi-occupant living configurations.

The dominant active layout at Park Lake Residences is the 2-bedroom configuration, which commands 3 active listings and a 100 percent inventory share. This sole available tier features an average asking rent of $3,083 per month, a median asking rent of $3,100 per month, an average footprint of 817 square feet, and an average rate of $3.78 per square foot. All other layout tiers currently record zero units available on the active market.

Park Lake Residences establishes a minimum entry rent of $2,900 per month and a peak asking rent of $3,250 per month, creating a dollar spread of $350 per month or a 12.1 percent percentage spread. The median asking rent sits at $3,100 per month across the available inventory. The entry-level option is a 2-bedroom suite measuring 750 square feet asking $3.87 per square foot, while the peak tier is a 2-bedroom unit spanning 850 square feet asking $3.82 per square foot.

Park Lake Residences has unquantified den premiums as active den layout data is not currently available for comparison. Active parking stalls carry a verified parking premium of $275 per month.

Park Lake Residences asks an average rent of $3,083 per month at $3.78 per square foot, comparing against the High Park submarket asking benchmark of $2,800 per month at $3.88 per square foot. The higher nominal monthly outlay at the building is driven by larger suite sizing rather than elevated unit pricing. The building's asking rate per square foot trades 2.6 percent below the wider submarket asking benchmark while capturing a 10.3 percent share of submarket active inventory.

Park Lake Residences achieves an average lease rent of $2,810 per month, trading slightly above the overall competitive micro-market average of $2,791 per month while remaining highly competitive against named local benchmarks such as Mirabella East and Windermere by the Lake. Park Lake Residences - I (1910 Lake Shore Blvd W) reports an average lease rent of $2,467 per month, a rate of $3.44 per square foot, and an average suite size of 720 square feet. Mirabella East (1926 Lakeshore Boulevard W) records an average lease rent of $2,837 per month, a rate of $4.03 per square foot, and an average square footage of 706. Mirabella Luxury Condos - West Tower (1928 Lake Shore Blvd W) posts an average lease rent of $2,910 per month, a rate of $3.90 per square foot, and an average suite size of 755 square feet. Windermere by the Lake (15 Windermere Ave) rounds out the set with an average lease rent of $2,950 per month, a rate of $3.63 per square foot, and an average footprint of 833 square feet.

Park Lake Residences establishes its value proposition by offering an average leased rate of $3.68 per square foot across an average suite size of 774 square feet, positioning it below the newer Mirabella towers while providing balanced, spacious floor plans. Renters evaluating Park Lake Residences trade away the ultra-modern finishes and premium pricing of 2022-built alternatives like Mirabella East ($4.03 per square foot across 706 square feet) in favor of more generous square footage at a lower relative cost per square foot. Similarly, compared to Mirabella Luxury Condos - West Tower at $3.90 per square foot across 755 square feet, Park Lake Residences offers a more cost-effective per-square-foot entry point without sacrificing spatial volume. While older stock like Windermere by the Lake offers larger average footprints of 833 square feet at $3.63 per square foot, Park Lake Residences delivers a modernized 2011 construction vintage that bridges the gap between older large-format layouts and expensive contemporary builds.

Park Lake Residences delivers a comprehensive wellness and social lifestyle profile, featuring a concierge and security service, a gym and fitness centre, a yoga studio, a rooftop terrace, and a games and billiards room. When contrasted with its immediate peer Park Lake Residences - I, the property shares a nearly identical amenity package including a party and lounge room, meeting room, BBQ area, and garden courtyard. Against newer developments such as Mirabella East and Mirabella Luxury Condos - West Tower, which incorporate specialized contemporary features like indoor pools, pet wash stations, car wash bays, and children's outdoor playgrounds, Park Lake Residences maintains a strong focus on core fitness and outdoor socializing spaces. This amenity mix effectively serves working professionals and couples prioritizing fitness, outdoor relaxation, and traditional condominium conveniences over extensive resort-style water facilities.