1950 Main West — Rental Market Data

1950 Main West has four active listings as of August 31, 2026, with asking rents ranging from $1,975 to $2,000 per month, an average of $1,981 per month, and a median of $1,975 per month. The average suite size across active listings is 726 square feet at an asking rate of $2.74 per square foot. Two-bedroom units dominate the active inventory at 75 percent of available listings, while the remaining 25 percent is a single one-bedroom-plus-den unit, meaning current stock skews toward mid-size family layouts rather than compact entry-level suites.

The dominant active layout at 1950 Main West is the two-bedroom unit, with three listings representing 75 percent of available inventory at an average asking rent of $1,975 per month across 751 square feet and a rate of $2.63 per square foot. The one-bedroom-plus-den tier holds a single listing at 25 percent share, asking $2,000 per month for 650 square feet at $3.08 per square foot. No studio or three-bedroom units are currently on the market.

1950 Main West shows a tight active pricing spread of $25 per month (1.3 percent), with entry-level asking at $1,975 and peak asking at $2,000 per month. The median asking rent sits at $1,975 per month. The entry-level suite is a two-bedroom unit of 750 square feet priced at $2.63 per square foot, while the peak asking unit is a one-bedroom-plus-den of 650 square feet at $3.08 per square foot, reflecting a compact footprint commanding a higher rate per area.

Den premiums at 1950 Main West cannot be reliably quantified from the current active sample, as the single one-bedroom-plus-den listing does not provide a paired two-bedroom comparison to isolate marginal den cost. Parking stall premiums are likewise inconclusive; the available data contains anomalous outliers or an insufficient paired sample, so no verified monthly parking fee can be quoted for active listings.

1950 Main West asks an average of $1,981 per month at $2.74 per square foot, compared to the Central Hamilton submarket asking average of $2,026 per month and $2.94 per square foot. The building's 6.8 percent discount on rate per square foot versus the submarket benchmark is partly offset by its larger average suite footprint of 726 square feet relative to the submarket norm, meaning tenants pay less per unit of area despite a nominal monthly rent that is $45 below the submarket average. 1950 Main West accounts for 4 out of 197 active listings in the Central Hamilton submarket, a 2.0 percent share of total available inventory.

1950 Main West's average realized lease rent of $1,863 per month sits $616 below the four-comp average of $2,479, with the primary gap driven by the three Forest Glen towers that all transacted above the subject's level. Forest Glen I at 1964 Main St W (0.07 km, 2 closed leases) averaged $2,603 per month at $2.98 per square foot across 900 square feet; Forest Glen II at 1966 Main St W (0.13 km, 1 closed lease) averaged $2,850 per month at $2.59 per square foot across 1,100 square feet; and Forest Glen III at 1968 Main St W (0.20 km, 2 closed leases) averaged $2,663 per month at $2.43 per square foot across 1,096 square feet. The subject trades at a $740-per-month lower rent than Forest Glen I, a $987-per-month lower rent than Forest Glen II, and an $800-per-month lower rent than Forest Glen III. The one exception is 57 Mericourt Road (0.63 km, 1 closed lease), where the subject commands a $63-per-month higher rent than that building's $1,800 average, making it the sole comp where 1950 Main West prices above the peer. All four comparables recorded at least one closed lease in the trailing 180 days, so every figure cited here reflects realized transaction data rather than asking-price speculation.

1950 Main West leases at $2.75 per square foot across an average 679-square-foot suite, a rate that sits above the four-comp average of $2.60 per square foot but well below the Central Hamilton submarket leased benchmark of $3.09 per square foot, while its interior footprint is roughly 283 square feet smaller than the comp mean of 962 square feet. Against Forest Glen I, the subject trades at a $0.23-per-square-foot (7.7%) discount and provides 221 fewer interior square feet, meaning the lower nominal rent of $740 per month is a function of both a more competitive per-square-foot rate and a smaller suite. Against Forest Glen II, the subject commands a $0.16-per-square-foot (6.2%) premium yet still rents $987 per month lower, a spread entirely explained by the 421 fewer square feet the subject provides. Forest Glen III shows the widest per-square-foot gap: the subject commands a $0.32-per-square-foot (13.2%) premium while delivering 417 fewer square feet, and the $800-per-month rent differential again reflects the footprint difference rather than a valuation premium. With 57 Mericourt Road, the subject commands a $0.35-per-square-foot (14.6%) premium and provides 71 fewer square feet, yet still rents only $63 per month higher—indicating that the compact 679-square-foot layout keeps the absolute monthly outlay close to the 2026-built competitor despite the higher rate per square foot.

1950 Main West offers a lean three-item amenity package—Party & Lounge Room, Meeting Room, and Shared Laundry Room—that is materially thinner than the full-service lifestyle suites at its three Forest Glen neighbours but functionally comparable to the minimal offering at 57 Mericourt Road. The Meeting Room is the subject's signature differentiator: none of the four comparables list a dedicated meeting or remote-work space, giving 1950 Main West a small but distinct advantage for tenants who need a professional off-site workspace without paying for a co-working membership. In return, the building lacks the indoor pool, sauna and steam room, gym and fitness centre, concierge and security, tennis and pickleball court, games and billiards room, hobby room, library, and BBQ area that define the Forest Glen I, II, and III amenity stacks. 57 Mericourt Road's package is limited to a Shared Laundry Room and 24-hour access, making the subject's Meeting Room and Party & Lounge Room a modest step above even that near-new competitor. This no-frills, low-maintenance profile—no pool, no gym, no concierge—positions 1950 Main West squarely for cost-conscious professionals and small households in Central Hamilton who prioritize a lower monthly rent, a compact efficient layout, and a single on-site meeting space over the resort-style recreational amenities that command the $2,600-to-$2,850 price points at the adjacent Forest Glen towers.