One - The Kip District — Rental Market Data

One - The Kip District has two units actively listed as of August 31, 2026, with asking rents ranging from $2,390 to $2,800 per month, an average of $2,595, and a median of $2,595. The average suite on the market measures 700 square feet at an asking rate of 3.71 per square foot. Both available layouts are single listings: one 1-Bedroom + Den (50 percent of active inventory) and one 2-Bedroom (50 percent), so the current mix spans compact entry-level den configurations through two-bedroom executive layouts with no mid-tier one-bedroom option.

The dominant active layout at One - The Kip District is the 1-Bedroom + Den, accounting for one of two available units (50 percent share) at an average asking rent of $2,390 per month over 650 square feet, or 3.68 per square foot. The second tier is a single 2-Bedroom listing at $2,800 per month across 750 square feet, pricing out to 3.73 per square foot. With only one unit in each bedroom category, both tiers represent individual deals rather than a competitive sample, and no other bedroom configurations are currently on the market.

One - The Kip District's active asking rents span from a $2,390 entry point to a $2,800 peak, a $410 spread representing 17.2 percent of the low end. The median asking rent sits at $2,595 per month, splitting the range roughly in half. The entry-level suite is a 1-Bedroom + Den at 650 square feet and 3.68 per square foot, while the peak listing is a 2-Bedroom at 750 square feet and 3.73 per square foot, so the $410 premium buys an extra 100 square feet of living area.

One - The Kip District does not have a quantified den premium or square-footage delta for its active listings, as the single 1-Bedroom + Den unit cannot be paired with a comparable den-free listing to isolate marginal cost. Active parking premiums also cannot be reliably isolated from the current sample; the data reflects an anomalous outlier or insufficient paired transactions, so no specific monthly parking figure should be quoted. For reference, verified historical lease data shows a $292-per-month parking add-on, but that figure applies to closed transactions rather than the two units currently on the market.

One - The Kip District's average asking rent of $2,595 per month at 3.71 per square foot compares to the Etobicoke Centre submarket asking benchmark of $2,597 per month at 3.65 per square foot, placing the building's rate 1.6 percent above the submarket per-square-foot standard. The near-identical nominal rents mask a footprint difference: the building's active average suite of 700 square feet is larger than what the submarket rate implies, so tenants are paying a modest per-square-foot premium for additional space. One - The Kip District represents 2 out of 64 available listings in the Etobicoke Centre submarket, or roughly 3.1 percent of total active inventory.

One - The Kip District's average realized lease rent of $2,317 per month sits $203 below the four-comp benchmark of $2,520, positioning it as the most competitively priced active building in this immediate cluster. The Kip District 2 at 30 Samuel Wood Way (0.07 km, 28 closed leases) averaged $2,244 per month at $4.08 per square foot across 570-square-foot suites, meaning the subject commands a $73-per-month higher rent than that direct neighbour. Cypress at Etobicoke at 50 Thomas Riley Rd (0.07 km, 25 closed leases) realized $2,565 per month at $3.33 per square foot over 789 square feet, placing the subject $248 lower on a monthly basis. King's Gate at 101 Subway Cres (0.15 km, 10 closed leases) closed at $2,608 per month, $291 above the subject's average, while Nuvo Essex at 35 Viking Lane (0.61 km, 7 closed leases) posted $2,664 per month, a $347 premium over the subject. All four competitors recorded realized lease transactions, so each figure reflects actual closed deals rather than asking prices or zero-volume references.

One - The Kip District leases at $3.60 per square foot across an average 646-square-foot suite, a combination that trades at a premium over three of four nearby competitors on a rate basis while offering fewer interior square feet than all but one. Against The Kip District 2 (0.07 km), the subject trades at a $0.48-per-square-foot (11.8%) discount, yet provides 76 more interior square feet; the subject's $73 higher monthly rent is therefore driven entirely by its larger footprint rather than a rate premium. Against Cypress at Etobicoke (0.07 km), the subject commands a $0.27-per-square-foot (8.1%) premium while delivering 143 fewer square feet, so the $248 lower monthly rent reflects the smaller interior volume rather than a weaker asset valuation. King's Gate (0.15 km) shows the same pattern: the subject carries a $0.22-per-square-foot (6.5%) premium over 174 fewer square feet, and the $291 rent gap is a footprint effect. Nuvo Essex (0.61 km) mirrors this at a $0.29-per-square-foot (8.8%) premium across 162 fewer square feet, with the $347 monthly difference again attributable to suite size rather than per-unit pricing power.

One - The Kip District offers a 13-amenity lifestyle package that includes an EV charging station, sauna and steam room, library and reading room, garden and courtyard, and pet wash station—features that distinguish it from several direct competitors in this pocket. The Kip District 2 (0.07 km) counters with a car wash bay, yoga studio, golf simulator, and dining room and kitchen that the subject does not provide, while the subject's EV charging, sauna, library, and garden courtyard are absent from that building. Cypress at Etobicoke (0.07 km) is the leanest amenity set in the group, offering only a yoga studio and indoor kids' play room beyond the shared basics; the subject's meeting room, media and theatre room, games and billiards room, library, sauna, EV charging, garden courtyard, and pet wash station are all missing from Cypress's roster. King's Gate (0.15 km) differentiates with an indoor pool and hot tub and jacuzzi that the subject lacks, but the subject's rooftop terrace, meeting room, media room, games room, library, EV charging, and pet wash station are not found at King's Gate. Nuvo Essex (0.61 km) similarly offers an indoor pool, hot tub, golf simulator, business centre, and dining room absent from the subject, while the subject's EV charging station, garden courtyard, and pet wash station do not appear in Nuvo's lineup. This amenity mix—blending wellness (sauna, gym), remote-work infrastructure (meeting room, library), and pet-friendly convenience (pet wash, garden)—is best suited to young professional renters in their late twenties to mid-thirties who prioritize a low-maintenance, amenity-rich lifestyle without the resort-style aquatic facilities that define the older 1992 and 2007 stock nearby.