Forest Glen III — Rental Market Data

Forest Glen III carries one active listing as of August 31, 2026, asking $2,775 per month with both the average and median rent at that same figure. The unit spans 1,024 square feet at an asking rate of $2.71 per square foot, and the 100 percent layout share falls entirely in the 3-bedroom-plus tier. With only a single unit on the market, inventory is concentrated in a large multi-bedroom executive layout rather than compact entry-level suites.

The sole active listing at Forest Glen III is a 3-bedroom-plus unit representing 100 percent of available inventory. That single unit asks $2,775 per month on 1,024 square feet, yielding a rate of $2.71 per square foot. No one-bedroom, two-bedroom, or studio tiers are currently listed, so renters seeking smaller footprints must look to the broader Dundas submarket.

Forest Glen III's single active listing sets both the minimum and peak asking rent at $2,775 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 3-bedroom-plus layout on 1,024 square feet at $2.71 per square foot. With no additional units on the market, there is no internal price gradient to negotiate across.

Forest Glen III does not have a quantified den premium or square-footage delta for its active listing, as the data sample is insufficient to isolate a reliable figure. Parking stall costs likewise cannot be reliably isolated from the current paired sample, and no verified monthly parking add-on can be quoted for this building.

Forest Glen III's active asking rent of $2,775 per month exceeds the Dundas submarket average asking rent of $2,352 per month, yet the building's rate of $2.71 per square foot sits 18.4 percent below the submarket asking benchmark of $3.32 per square foot. The nominal rent premium is explained by suite size: the active unit provides 1,024 square feet, which is 316 square feet larger than the submarket implied average of 708 square feet. Forest Glen III accounts for one out of 61 available listings in the Dundas submarket, representing roughly 1.6 percent of total active inventory.

Forest Glen III's average realized lease rent of $2,663 per month exceeds the overall comp benchmark of $2,439 per month by $224, driven primarily by the subject's substantially larger suite footprint rather than a rate premium. Against Forest Glen II at 1966 Main St W (0.07 km, one closed lease, $2,850 average rent, $2.59 per square foot, 1,100 square feet), the subject trades at a lower monthly rent of $187 less. Against Forest Glen I at 1964 Main St W (0.15 km, two closed leases, $2,603 average rent, $2.98 per square foot, 900 square feet), the subject commands a higher monthly rent of $60 more. Against 1950 Main West at 1950 Main St W (0.2 km, four closed leases, $1,863 average rent, $2.75 per square foot, 679 square feet), the subject commands a higher monthly rent of $800 more. Valley Park at 1770 Main St W (0.58 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.

Forest Glen III leases at $2.43 per square foot across an average 1,096-square-foot suite, trading at a per-square-foot discount below every active nearby competitor while delivering the largest interior footprint in the immediate peer set. Against Forest Glen I (1964 Main St W), the subject trades at a $0.55 per square foot (18.5%) discount below the comp's $2.98 per square foot rate, yet provides 196 more interior square feet; the $60 higher nominal rent is entirely a function of that expanded footprint, not an asset-valuation premium. Against 1950 Main West (1950 Main St W), the subject trades at a $0.32 per square foot (11.6%) discount below the comp's $2.75 per square foot rate while providing 417 more interior square feet, meaning the $800 higher monthly rent is driven by the subject's expansive 3-bedroom-plus layout rather than a rate advantage. Against Forest Glen II (1966 Main St W), the subject trades at a $0.16 per square foot (6.2%) discount below the comp's $2.59 per square foot rate and provides 4 fewer interior square feet, resulting in a $187 lower nominal rent that reflects both the slightly smaller footprint and the lower per-square-foot rate.

Forest Glen III offers an 11-feature lifestyle package including an indoor pool, sauna and steam room, gym and fitness centre, tennis and pickleball court, library and reading room, games and billiards room, party and lounge room, hobby room, shared laundry room, BBQ area, and concierge with security—placing it at the top of the local amenity tier. The subject's tennis and pickleball court and library and reading room are genuinely absent from Forest Glen II (1966 Main St W), which otherwise mirrors the subject's aquatic and wellness suite but omits those two recreational and quiet-space features. Forest Glen I (1964 Main St W) matches the subject on nearly every amenity except the library and reading room, making the two 1972-era buildings near-identical in lifestyle offering. By contrast, 1950 Main West (1950 Main St W) provides only a party and lounge room, meeting room, and shared laundry—lacking any aquatic, fitness, or recreational court facilities—and Valley Park (1770 Main St W), while offering a dining room, garden courtyard, and sauna, carries no pool, no tennis court, and no games room. The subject's full-service package of aquatic recreation, dedicated sports courts, and quiet study space best serves families and multi-occupant 3-bedroom-plus households seeking a self-contained residential community with on-site leisure without the per-square-foot rate premium of newer, smaller-footprint competitors.