Park Lake Residences - I — Rental Market Data

Park Lake Residences – I has three active listings as of August 31, 2026, with asking rents ranging from $2,350 to $3,000 per month, an average of $2,567, and a median of $2,350. The average suite measures 720 square feet at an asking rate of $3.57 per square foot. Two of the three units are one-bedroom layouts (66.7 percent of active inventory), while the remaining listing is a two-bedroom, meaning current availability skews toward compact entry-level suites rather than multi-bedroom executive configurations.

The dominant active layout at Park Lake Residences – I is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $2,350 per month, 650 square feet, and $3.62 per square foot. The two-bedroom tier holds a single listing at $3,000 per month across 860 square feet, translating to $3.49 per square foot. Renters seeking a second bedroom face single-unit scarcity, while the one-bedroom tier offers a small but workable selection.

Park Lake Residences – I shows an active asking spread of $650 per month, or 27.7 percent, between the entry rent of $2,350 and the peak asking rent of $3,000. The median asking rent sits at $2,350, anchored by the entry-level one-bedroom at 650 square feet and $3.62 per square foot. At the top of the range, the two-bedroom suite spans 860 square feet at $3.49 per square foot, reflecting a larger footprint at a slightly lower rate per square foot.

Den premiums at Park Lake Residences – I cannot be quantified from the current active sample, as no paired den versus non-den listings are available to isolate a marginal cost per square foot. Active parking stall costs also cannot be reliably isolated; the data set flags the parking premium as an unreliable outlier or insufficient sample, so no specific monthly figure should be assumed for a parking spot.

Park Lake Residences – I asks an average of $2,567 per month at $3.57 per square foot, compared with the High Park submarket asking benchmark of $2,800 per month and $3.88 per square foot. The building's rate per square foot runs 8 percent below the submarket asking norm, and the nominal monthly rent is roughly $233 lower than the neighbourhood average, a gap explained in part by the 720-square-foot average suite being modestly sized relative to submarket peers. Park Lake Residences – I accounts for three out of 29 active listings in the High Park submarket, or about 10 percent of available inventory.

Park Lake Residences - I's average realized lease rent of $2,300 per month sits $585 below the four-comparable benchmark of $2,885 per month, with every nearby peer transacting at a higher nominal level. Park Lake Residences at 1900 Lakeshore Boulevard West (0.01 km, six closed leases) averaged $2,842 per month at $3.65 per square foot across 787 square feet, placing the subject $542 lower on a monthly basis. Mirabella East at 1926 Lakeshore Boulevard W (0.08 km, 23 closed leases) realized $2,837 per month at $4.03 per square foot over 706 square feet, a $537 monthly gap in the subject's favour. Mirabella Luxury Condos – West Tower at 1928 Lake Shore Blvd W (0.14 km, 20 closed leases) closed at $2,910 per month, $3.90 per square foot, and 755 square feet, leaving the subject $610 lower per month. Windermere by the Lake at 15 Windermere Ave (0.22 km, three closed leases) averaged $2,950 per month at $3.63 per square foot across 833 square feet, a $650 monthly differential. No competitor in this set recorded zero lease transactions, so every figure above reflects realized closed-lease pricing rather than asking or listing data.

Park Lake Residences - I leases at $3.54 per square foot across an average 650-square-foot suite, a combination that undercuts both the comp-set average of $3.80 per square foot / 770 square feet and the High Park submarket leased benchmark of $4.01 per square foot. Against Park Lake Residences (0.01 km), the subject trades at a $0.11 per square foot (3.0 percent) discount while providing 137 fewer interior square feet, so the lower monthly rent reflects both a smaller footprint and a genuinely lower rate per unit of space. Versus Mirabella East (0.08 km), the subject offers a $0.49 per square foot (12.2 percent) discount with 56 fewer square feet, meaning the nominal rent gap is driven substantially by the comp's premium per-square-foot pricing rather than size alone. Against Mirabella Luxury Condos – West Tower (0.14 km), the subject trades at a $0.36 per square foot (9.2 percent) discount and provides 105 fewer square feet, a trade-off where renters gain a lower monthly outlay but surrender both interior area and the comp's higher per-square-foot valuation. Windermere by the Lake (0.22 km) presents the widest size gap—the subject provides 183 fewer square feet—yet still trades at a $0.09 per square foot (2.5 percent) discount, confirming that the subject's lower nominal rent is not solely a function of compact suites but also reflects a structurally lower rate per square foot across the entire peer set.

Park Lake Residences - I offers a ten-item amenity suite spanning fitness, social gathering, and outdoor recreation, positioning it as a well-rounded but not luxury-tier lifestyle package relative to its immediate lakeshore peers. The subject's Dining Room & Kitchen is absent from both Park Lake Residences (0.01 km) and Windermere by the Lake (0.22 km), giving renters at 1910 Lake Shore Blvd W an in-building communal cooking and dining space those two buildings do not provide. The Games & Billiards Room is missing from Mirabella Luxury Condos – West Tower (0.14 km) and Windermere by the Lake, while the dedicated Meeting Room is absent from both Mirabella towers, which substitute a Business Centre. Conversely, the 2022 Mirabella towers and Windermere by the Lake each feature indoor and/or outdoor pools, sauna and steam rooms, and pet wash stations—facilities the subject does not carry—and Mirabella East adds a car wash bay, children's playground, and library that have no equivalent at Park Lake Residences - I. The building's package best serves cost-conscious professionals and young households who prioritize a functional gym, yoga studio, rooftop terrace, and social lounge over aquatic or wellness luxury, valuing a lower monthly rent and straightforward maintenance profile over the resort-style amenity depth of the adjacent 2022 towers.