Panda — Rental Market Data

Panda at 20 Edward St features 9 active listings as of August 31, 2026, with asking rents ranging from $2,100 to $8,800 per month, averaging $3,472 per month and a median asking rent of $2,800 per month. Active units average 756 square feet with an asking rate of $4.89 per square foot, while 1-bedroom layouts dominate the inventory with a 33.3 percent share, indicating a balanced distribution across both compact entry-level suites and larger multi-bedroom executive layouts.

The dominant active layout at Panda is the 1-Bedroom tier, accounting for 3 active listings and a 33.3 percent inventory share with an average asking rent of $2,500 per month across 450 square feet at $5.70 per square foot. Additional available inventory includes 2 units of 1-Bedroom + Den configurations representing a 22.2 percent share with an average asking rent of $2,575 per month across 550 square feet at $4.68 per square foot, along with 2 units in the 3-Bedroom+ tier holding a 22.2 percent share with an average asking rent of $6,700 per month across 1,600 square feet at $4.09 per square foot. Rounding out the options are single listings for a 2-Bedroom + Den unit asking $3,100 per month across 750 square feet at $4.13 per square foot and a Studio unit asking $2,100 per month across 400 square feet at $5.25 per square foot.

Panda exhibits a minimum entry rent of $2,100 per month and a peak asking rent of $8,800 per month, creating a dollar spread of $6,700 per month or a 319 percent spread across active inventory. The median asking rent sits at $2,800 per month. The entry-level option is a Studio suite measuring 400 square feet listed at $5.25 per square foot, while the peak suite is a 3-Bedroom+ unit measuring 1,900 square feet listed at $4.63 per square foot.

Panda features an active den premium of $75 per month with a square footage delta of 100 square feet for units containing a den. This delivers a marginal cost of $0.75 per square foot for the extra den space. Active parking premium data cannot be reliably isolated due to an insufficient sample or anomalous outliers.

Panda asks an average rent of $3,472 per month at $4.89 per square foot, comparing against the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The building's higher nominal monthly outlay reflects larger suite sizes rather than inflated unit pricing, with the building asking rate sitting 7.2 percent above the submarket asking benchmark while representing 4.0 percent of submarket active inventory.

Panda achieves an average lease rent of $2,864 per month, comparing against an overall competitive submarket average of $2,784 per month across benchmark properties including Horizon on Bay, 38 Elm at Plaza, Motion, and 126 Dundas Street. Horizon on Bay (633 Bay Street) recorded an average lease rent of $2,845 per month at $3.42 per square foot across an average of 851 square feet. 38 Elm at Plaza (38 Elm St) posted an average lease rent of $2,583 per month at $3.35 per square foot across an average of 772 square feet. Motion (570 Bay Street) logged an average lease rent of $3,823 per month at $3.52 per square foot across a larger average footprint of 1,086 square feet. Finally, the property at 126 Dundas Street reported an average lease rent of $1,883 per month at $3.81 per square foot across an average of 517 square feet.

Panda delivers a compelling value proposition by realizing an average lease rate of $4.45 per square foot across an average footprint of 656 square feet, trading at a premium per square foot over older neighbourhood alternatives while remaining closely aligned with broader downtown luxury benchmarks. Renters at Panda weigh the benefits of modern 2022 construction—including contemporary interior efficiency, lower near-term maintenance burdens, and updated mechanical systems—against older alternatives like Horizon on Bay, which offers larger average layouts of 851 square feet at a lower rate of $3.42 per square foot, or 38 Elm at Plaza, which provides 772 square feet at $3.35 per square foot. While older buildings yield lower nominal rates per square foot due to more dated finishes and larger historical floor plans, Panda captures renters prioritizing modern aesthetic appeal, superior building technology, and central urban convenience.

Panda delivers an extensive, contemporary lifestyle and amenity profile that compares favourably against established residential towers in the immediate downtown node. Residents enjoy signature amenities including a Concierge & Security service, a Gym & Fitness Centre, a Games & Billiards Room, a Media & Theatre Room, a Meeting Room, a Party & Lounge Room, a Yoga Studio, a Basketball Court, a BBQ Area, and a Rooftop Terrace. When contrasted with nearby peers, Panda matches or exceeds the offering at Horizon on Bay—which features an indoor pool, hot tub, sauna, squash court, jogging track, and garden—and provides a far more modern suite of wellness spaces than older properties like 38 Elm at Plaza, which includes an indoor pool, library, and kids' play room. Motion features fitness, media, and social rooms alongside car-share availability, whereas 126 Dundas Street offers strictly shared laundry facilities. This amenity suite positions Panda ideally for young professionals and urban couples seeking active fitness options, contemporary social lounges, and outdoor entertaining spaces.