Festival - Landmark Tower — Rental Market Data

Festival - Landmark Tower features 12 active listings as of August 31, 2026, with asking rents ranging from $1,850 to $2,500 per month, averaging $2,087 per month and yielding a median asking rent of $2,000 per month. Active suites average 504 square feet with an asking rate of $4.22 per square foot, while dominant 1-Bedroom layouts hold a 58.3 percent inventory share. Overall, active listings skew heavily toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Festival - Landmark Tower is the 1-Bedroom, comprising 7 active listings and accounting for a 58.3 percent inventory share. Standard 1-Bedroom units average $1,993 per month with a median of $1,950 per month across an average of 457 square feet at $4.45 per square foot. Meanwhile, 1-Bedroom + Den configurations account for 5 listings holding a 41.7 percent share, averaging $2,220 per month across 570 square feet at $3.91 per square foot.

Festival - Landmark Tower displays a minimum entry rent of $1,850 per month and a peak asking rent of $2,500 per month, creating a dollar spread of $650 per month or a 35.1 percent pricing spread. The median asking rent sits at $2,000 per month across the building's active inventory. The entry-level suite is represented by a 1-Bedroom layout measuring 400 square feet listed at $4.63 per square foot, contrasted against the peak suite which is a 1-Bedroom layout spanning 650 square feet priced at $3.85 per square foot.

Festival - Landmark Tower requires an active den premium of $227 per month associated with an average square footage delta of 113 square feet. The marginal cost for the extra den space equates to $2.01 per square foot. Active parking premium data is inconclusive due to an insufficient sample or anomalous outlier.

Festival - Landmark Tower active asking rents average $2,087 per month at $4.22 per square foot, comparing against the broader submarket asking benchmark of $2,315 per month at $3.73 per square foot. The building's lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing. The property's asking rate per square foot tracks 13.1 percent higher than submarket asking benchmarks while capturing 10.4 percent of total submarket active inventory.

Festival - Landmark Tower records an average lease rent that sits near the regional comparable baseline of $2,129 per month, supported by close-range pricing benchmarks from Festival - Signature Tower and Grand Festival - Landmark Tower. Festival - Signature Tower (225 Commerce St) achieved an average lease rent of $2,158 per month at $3.76 per square foot across an average of 577 square feet. Grand Festival - Landmark Tower (28 Interchange Way) posted an average lease rent of $2,050 per month at $3.82 per square foot across 546 square feet. Mobilio - West Tower (10 Honeycrisp Cres) recorded an average lease rent of $2,131 per month at $3.90 per square foot across 552 square feet. Mobilio - East Tower (38 Honeycrisp Cres) logged an average lease rent of $2,178 per month at $4.10 per square foot across 540 square feet.

Festival - Landmark Tower offers a competitive value position in the local micro-market, trading at a discount per square foot compared to the Mobilio towers while maintaining tight pricing parity with its adjacent Festival phase peers. Specifically, the subject trades at a $0.08 per square foot (2.1%) discount below Mobilio - West Tower at $3.90 per square foot and a $0.28 per square foot (6.8%) discount below Mobilio - East Tower at $4.10 per square foot. Renters evaluating these options weigh modern 2025 finish quality, layout efficiency, and reduced utility burdens against the marginally higher square foot costs found in older 2023 builds like Mobilio - East Tower (540 square feet) and the slightly larger footprints found at Festival - Signature Tower (577 square feet at $3.76 per square foot).

Festival - Landmark Tower delivers an extensive, resort-style amenity package that rivals or exceeds the offerings of its immediate neighbours in the Vaughan Metropolitan Centre. Standing out among its signature features are an indoor pool, a dedicated yoga studio, a comprehensive business centre, an indoor kids' play room, and an elevated pedestrian bridge that sets it apart from nearby alternatives. While Festival - Signature Tower includes standard offerings like a gym, party room, and rooftop terrace, and Grand Festival - Landmark Tower incorporates an indoor pool and spin studio, the subject building's inclusion of specialized spaces like a music room, hobby room, and dog run creates a more rounded lifestyle profile. This robust amenity ecosystem particularly serves young professionals, remote workers, and growing families seeking comprehensive on-site wellness and social spaces.