Ironstone — Rental Market Data

Ironstone has two active rental listings as of August 31, 2026, both asking $2,400 per month with a median of $2,400 and a zero-dollar spread. The average suite size across these listings is 615 square feet at an asking rate of $3.97 per square foot. Both units are one-bedroom-plus-den layouts, meaning 100 percent of current inventory falls in that tier, and the selection skews toward compact entry-level suites rather than multi-bedroom executive configurations.

The sole active layout at Ironstone is the one-bedroom-plus-den, with two units representing 100 percent of available inventory. Both listings average $2,400 per month across 615 square feet at $3.97 per square foot, with the smaller unit at 539 square feet asking $4.45 per square foot and the larger at 690 square feet asking $3.48 per square foot. No studio, two-bedroom, or three-bedroom units are currently listed for rent.

Ironstone's two active listings both ask $2,400 per month, producing a zero-dollar and zero-percent spread between the minimum and maximum asking rents. The entry-level suite is a one-bedroom-plus-den at 539 square feet priced at $4.45 per square foot, while the peak listing is also a one-bedroom-plus-den at 690 square feet priced at $3.48 per square foot. The identical monthly rent across two different footprints means the larger unit delivers a meaningfully lower rate per square foot, giving renters a clear value distinction based on space.

Ironstone's active den premium and the associated square-footage delta between den-equipped and den-free suites cannot be reliably quantified from the current data. With only two active listings both in the one-bedroom-plus-den category, there is no paired comparison to isolate the marginal cost per square foot of den space. Parking stall premiums also cannot be reliably isolated at this time; the available sample does not support a confident dollar figure, and no verified parking add-on cost can be quoted to prospective renters.

Ironstone's active asking rent of $2,400 per month sits $15 above the Burlington North submarket average asking rent of $2,385, while the building's $3.97-per-square-foot asking rate runs 11.2 percent above the submarket asking benchmark of $3.57 per square foot. The nominal monthly rent is only marginally higher than the submarket average, but the rate-per-square-foot premium reflects that Ironstone's active suites average 615 square feet, a footprint that is modest relative to the submarket mix. The building currently holds two out of 39 available listings in the Burlington North submarket, representing roughly 5 percent of total active inventory in the area.

Ironstone's all-time average realized lease rent of $2,247 per month sits $603 below the two-active-comparable benchmark of $2,850, a gap driven by the differing suite footprints and per-square-foot rates at Millcroft Place and Orchard Uptown III. Millcroft Place at 1998 Ironstone Dr (0.11 km) closed two leases averaging $3,250 per month at $8.29 per square foot across 392 square feet, placing the subject $1,003 lower on a nominal monthly basis. Orchard Uptown III at 2055 Appleby Line (0.27 km) closed four leases averaging $2,449 per month at $2.91 per square foot across 863 square feet, with the subject trading $202 below that mark. Orchard Uptown II at 2045 Appleby Line (0.24 km) and Appleby Woods at 1980 Imperial Way (0.24 km) each recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark against which to compare.

Ironstone's realized rate of $3.65 per square foot across an average 628-square-foot suite sits at a 5.5 per cent premium over the Burlington North submarket leased benchmark of $3.43 per square foot, while its $2,247 average monthly rent runs just $17 above the submarket mean of $2,230. Against Millcroft Place (0.11 km, two closed leases), the subject trades at a $4.64-per-square-foot discount—56 per cent below the comp's $8.29 rate—while providing 236 more interior square feet, meaning the $1,003 lower nominal rent is driven by both a substantially larger footprint and a materially lower per-square-foot rate rather than any devaluation of the asset. Against Orchard Uptown III (0.27 km, four closed leases), the subject commands a $0.74-per-square-foot premium over the comp's $2.91 rate yet delivers 235 fewer interior square feet; the $202 lower nominal rent is therefore a direct function of the smaller suite footprint, not a weaker per-square-foot valuation.

Ironstone fields a 12-item amenity package that extends beyond every active competitor in this immediate pocket, adding wellness, remote-work, and social-lifestyle facilities its nearest peers do not offer. The subject's Yoga Studio, Hot Tub & Jacuzzi, Business Centre, Media & Theatre Room, and Rooftop Terrace are all absent from Millcroft Place (which instead offers a Library & Reading Room and Pet Wash Station) and from Orchard Uptown III (which substitutes a Sauna & Steam Room and Pet Wash Station for the subject's aquatic recovery and dedicated business-centre offerings). Both zero-volume references—Orchard Uptown II and Appleby Woods—carry smaller amenity rosters that lack the subject's rooftop terrace, media room, and business centre entirely. The resulting lifestyle package, pairing a full fitness suite with aquatic recovery, a dedicated remote-work environment, and a rooftop social space, is best suited to young professional renters and small households in Burlington North who prioritize a turnkey wellness-and-productivity environment over the garden-courtyard or library-focused profiles of the older 2000-to-2009-era buildings nearby.