ME Living 2 — Rental Market Data

ME Living 2 has three active listings as of August 31, 2026, spanning $2,100 to $2,450 per month with an average asking rent of $2,317 and a median of $2,400. The average suite measures 646 square feet at an asking rate of $3.58 per square foot, and the inventory splits evenly across three distinct layout tiers: one 1-Bedroom, one 1-Bedroom + Den, and one 2-Bedroom + Den. Because every tier carries a single listing, the active pool leans toward compact entry-level and mid-size suites rather than deep multi-bedroom executive inventory.

The dominant active layout at ME Living 2 is the 1-Bedroom, though all three tiers—1-Bedroom, 1-Bedroom + Den, and 2-Bedroom + Den—each hold exactly one listing at a 33.3 percent share. The 1-Bedroom asks $2,100 per month for 600 square feet at $3.50 per square foot; the 1-Bedroom + Den lists at $2,450 for 689 square feet at $3.56 per square foot; and the 2-Bedroom + Den is priced at $2,400 for 650 square feet at $3.69 per square foot. Each tier is a single transaction, so no layout offers a second option for renters seeking alternatives within the same bedroom count.

ME Living 2's active asking rents range from a $2,100 entry point to a $2,450 peak, producing a $350 spread or 16.7 percent across the three available units. The median asking rent sits at $2,400 per month. The entry-level suite is a 1-Bedroom measuring 600 square feet at $3.50 per square foot, while the peak listing is a 1-Bedroom + Den at 689 square feet and $3.56 per square foot, reflecting a modest rate-per-square-foot increase for the additional den space.

ME Living 2 carries a verified active den premium of $350 per month for an 89-square-foot footprint delta, translating to a marginal cost of $3.93 per square foot for the extra den space. Verified parking at the building is priced at $325 per month per stall, giving renters a clear add-on figure when budgeting for a total monthly outlay.

ME Living 2's active asking average of $2,317 per month sits below the Scarborough City Centre submarket asking benchmark of $2,495, yet the building's $3.58 per square foot rate exceeds the submarket asking rate of $3.34 per square foot by 7.2 percent. The nominal rent gap resolves through suite size: ME Living 2's active average of 646 square feet is more compact than what the submarket benchmark implies, so renters pay a higher rate per square foot for a smaller footprint. The building's three active listings represent 3 out of 74 total available units in the Scarborough City Centre submarket, or roughly 4.1 percent of the active inventory pool.

ME Living 2's average realized lease rent of $2,439 per month sits $69 above the four-comp benchmark of $2,370, with the spread driven primarily by its larger suite footprints rather than a per-area premium. ME Living 1 at 30 Meadowglen Pl (0 km away, 17 closed leases) averaged $2,249 per month at $3.69 per square foot across 634 square feet; the subject commands $190 more per month than this direct neighbour. Tricycle Condos at 10 Meadowglen Pl (0.08 km, 11 closed leases) averaged $2,212 per month at $3.53 per square foot over 639 square feet, placing the subject $227 higher in nominal rent. May Tower II at 11 Lee Centre Dr (1.39 km, 12 closed leases) realized $2,429 per month at $3.15 per square foot across 777 square feet, a near-parity figure just $10 below the subject. May Tower at 1 Lee Centre Dr (1.4 km, 4 closed leases) posted the highest nominal rent at $2,588 per month but over a much larger 875-square-foot footprint at $2.96 per square foot, leaving the subject $149 lower in total monthly cost despite its smaller interior.

ME Living 2 leases at $3.44 per square foot across an average 728-square-foot suite, positioning it between the Meadowglen Place cluster (which trades at $3.53 to $3.69 per square foot on smaller 634-to-639-square-foot units) and the older May Tower pair (which offers $2.96 to $3.15 per square foot on 777-to-875-square-foot layouts). Against ME Living 1, the subject trades at a $0.25 per square foot discount while providing 94 more interior square feet, meaning the $190 higher monthly rent is fully explained by the additional footprint rather than a per-area premium. Tricycle Condos shows the same pattern: the subject offers a $0.09 per square foot discount and 89 more square feet, so the $227 nominal gap reflects space, not valuation. The dynamic reverses against the May Towers: versus May Tower II the subject commands a $0.29 per square foot premium on 49 fewer square feet, and against May Tower it carries a $0.48 per square foot premium on 147 fewer square feet—here the lower nominal rent at May Tower is a direct function of its substantially larger interior, not a cheaper asset. Tenants choosing ME Living 2 are trading a slightly higher per-area rate for a newer building, a more efficient layout, and proximity to the Meadowglen Place retail corridor.

ME Living 2 fields an 11-item amenity suite that includes both an indoor pool and an outdoor pool—a dual-pool configuration that no other building in this four-comp set replicates. ME Living 1 offers an outdoor pool plus a hot tub and jacuzzi but no indoor aquatic facility, while Tricycle Condos provides no pool at all, substituting a yoga studio and BBQ area. The May Tower pair each carry an indoor pool, hot tub, sauna and steam room, basketball court, and library, but neither includes an outdoor pool. ME Living 2's rooftop terrace, media and theatre room, games and billiards room, dining room and kitchen, and garden and courtyard round out a lifestyle package oriented toward social gathering and year-round recreation. The building does not include a sauna, steam room, basketball court, squash or racquetball court, library, or children's playground—features present at one or more of the May Tower properties. This amenity mix best serves young professionals and small households in the 25-to-40 range who prioritize dual-pool access, a dedicated meeting room for remote work, and a social dining and lounge environment over the sports-court and family-playground programming that characterizes the older May Tower stock.