Massey Tower — Rental Market Data

Massey Tower features 8 active listings as of August 31, 2026, with an asking price range spanning from $2,200 to $4,200 per month, an average rent of $3,113 per month, and a median asking rent of $3,050 per month. Active listings average 675 square feet with an asking rate of $4.71 per square foot. 1-bedroom, 2-bedroom, and 3-bedroom-plus layouts dominate active inventory with a 25% share each. Current inventory leans toward larger multi-bedroom layouts compared to past leasing averages.

1-Bedroom units represent the dominant active layout at Massey Tower with 2 listings comprising a 25% inventory share. The building also offers 2-bedroom and 3-bedroom-plus layouts holding 25% shares each, averaging $3,650 per month across 850 square feet at $4.29 per square foot and $4,125 per month across 850 square feet at $4.85 per square foot, respectively. Studio and 1-bedroom-plus-den suites round out the available inventory with single-listing samples holding 12.5% shares each, where the studio asks $2,200 per month across 400 square feet at $5.50 per square foot, and the 1-bedroom-plus-den asks $2,500 per month across 650 square feet at $3.85 per square foot.

Massey Tower records a minimum entry rent of $2,200 per month and a peak asking rent of $4,200 per month, creating a dollar spread of $2,000 and a percentage spread of 90.9%. The median asking rent sits at $3,050 per month. The entry-level option is a studio suite spanning 400 square feet at an asking rate of $5.50 per square foot, while the peak suite is a 3-bedroom-plus layout measuring 850 square feet at an asking rate of $4.94 per square foot.

Massey Tower features an active den premium of $175 per month for an additional 175 square feet of interior space. This delivers a marginal cost of $1.00 per square foot for the extra den area. Active parking premium data cannot be reliably isolated due to an anomalous outlier or insufficient paired sample.

Massey Tower asks an average rent of $3,113 per month at $4.71 per square foot, which compares to the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. While nominal asking rents sit below the broader submarket average, the building commands a 3.3% higher asking rate per square foot driven by compact suite sizing. Massey Tower accounts for 8 active listings out of 224 total submarket listings.

Massey Tower achieves an average lease rent of $2,436 per month, aligning closely with the overall competitive benchmark average of $2,428 per month across its primary Downtown Core competitors. Individual lease metrics highlight how the subject building positions itself among these neighbors: Pantages Hotel Condo Suites at 200 Victoria St reports an average lease rent of $1,938 per month at $4.28 per square foot across an average of 463 square feet; Pantages Tower at 210 Victoria St records $2,676 per month at $3.82 per square foot across 755 square feet; Opus Pantages at 220 Victoria St averages $2,900 per month at $3.71 per square foot across 807 square feet; and The Victorian (Downtown East) at 105 Victoria St posts $2,196 per month at $3.38 per square foot across 650 square feet.

Massey Tower establishes its value proposition by delivering efficient, contemporary layouts that trade at an average realized rate of $4.22 per square foot across an average of 586 square feet, comparing favorably against older neighborhood alternatives and the submarket lease average of $4.48 per square foot. Renters evaluating the subject building versus Opus Pantages at 220 Victoria St (which averages 807 square feet at $3.71 per square foot) or Pantages Tower at 210 Victoria St (averaging 755 square feet at $3.82 per square foot) trade larger, older floor plans for newer construction efficiencies, lower ongoing utility burdens, and modern interior finishes. Conversely, while Pantages Hotel Condo Suites at 200 Victoria St commands a slightly higher rate of $4.28 per square foot, it provides a much smaller average footprint of 463 square feet, allowing Massey Tower to offer more generous interior square footage for a comparable or lower relative cost.

Massey Tower delivers an extensive, modern lifestyle and amenity profile that outpaces older vintage developments in its immediate vicinity. The building features signature amenities including a dedicated concierge and security service, a fully equipped gym and fitness centre, a specialized yoga studio, a spin studio, a sauna and steam room, a party and lounge room, a rooftop terrace with a BBQ area, a dining room and kitchen, a meeting room, a unique rain room, and a juice bar. When contrasted against nearby competitors, the subject building's amenity package offers significantly broader wellness options than Pantages Hotel Condo Suites (which offers a gym, business centre, meeting room, and spa facilities) and The Victorian at 105 Victoria St (limited to a concierge, gym, party room, meeting room, BBQ area, and rooftop terrace). Furthermore, while Pantages Tower and Opus Pantages include indoor pools and media rooms, Massey Tower's inclusion of specialized fitness spaces like spin and yoga studios alongside a rain room and juice bar caters directly to fitness-focused urban professionals and young renters seeking contemporary wellness amenities.