The Parker — Rental Market Data

The Parker has four active rental listings as of August 31, 2026, with asking rents ranging from $2,095 to $2,675 per month, an average of $2,511 and a median of $2,638. Average suite size across active inventory is 475 square feet at an asking rate of $5.37 per square foot. The layout mix skews toward one-bedroom suites at 75 percent of active inventory, with a single studio comprising the remaining 25 percent, placing the current offering squarely in the compact entry-level and small one-bedroom tier rather than multi-bedroom executive layouts.

One-bedroom suites dominate The Parker's active inventory with three listings representing 75 percent of available units, averaging $2,650 per month across 500 square feet at $5.41 per square foot. The remaining 25 percent is a single studio listing at $2,095 per month for 400 square feet, priced at $5.24 per square foot. With only four total units on the market, renters face a limited selection across both bedroom tiers and should act quickly if a specific layout matches their needs.

The Parker's active asking rents span from $2,095 to $2,675 per month, a dollar spread of $580 or 27.7 percent across the four available units. The median asking rent sits at $2,638 per month. The entry-level option is a 400-square-foot studio at $5.24 per square foot, while the peak listing is a 550-square-foot one-bedroom at $4.86 per square foot, meaning the larger suite actually carries a lower per-square-foot rate despite the higher absolute rent.

Den premiums at The Parker cannot be reliably quantified from current active inventory, as no paired den versus non-den comparison exists in the available listings. Parking stall costs likewise cannot be isolated from the data; the sample of paired active listings is insufficient to produce a dependable monthly parking add-on figure, and no verified parking premium should be assumed when budgeting for a move-in.

The Parker's active asking rent of $2,511 per month sits below the North Midtown submarket average asking rent of $2,803, yet its $5.37 per square foot rate runs 25.8 percent above the submarket asking benchmark of $4.27 per square foot. This divergence is explained by suite size: The Parker's active inventory averages 475 square feet, well below the larger units driving submarket averages, so the nominal monthly rent appears competitive while the per-square-foot cost is elevated. The building accounts for four out of 232 active listings in the North Midtown submarket, a 1.7 percent share of total available inventory.

The Parker's average realized lease rent of $2,513 per month sits $78 above the four-comp blended benchmark of $2,435, with the primary drivers being the two Citylights towers and Story of Midtown Toronto. Citylights on Broadway – South Tower (195 Redpath Ave, 0.05 km) closed 57 leases at an average of $2,250 per month ($4.19 per square foot, 547 sq ft); Citylights on Broadway – North Tower (99 Broadway Ave, 0.06 km) closed 28 leases at $2,313 per month ($4.26 per square foot, 550 sq ft). Story of Midtown Toronto (73-75 Broadway Avenue, 0.06 km) recorded 7 closed leases at $2,826 per month ($4.33 per square foot, 657 sq ft), the highest nominal rent in the set. 188 Redpath (188 Redpath Ave, 0.06 km) closed 3 leases at $2,350 per month ($3.31 per square foot, 713 sq ft). All four competitors posted active closed-lease volume over the trailing 180 days, so each provides a realized rent data point rather than an asking-only reference.

The Parker trades at $4.57 per square foot for an average 550-square-foot suite, a rate that commands a premium over every active competitor in this micro-market while delivering less interior space than the two larger-footprint buildings. Against Citylights on Broadway – South Tower, the subject commands a $0.38 per square foot (9.1%) premium and provides 3 more interior square feet, so the $263 higher monthly rent reflects both a stronger per-square-foot valuation and marginally more space. Citylights on Broadway – North Tower shows the same pattern: a $0.31 per square foot (7.3%) premium with identical average square footage, meaning the $200 rent gap is purely a rate differential. Against 188 Redpath, the subject commands a substantial $1.26 per square foot (38.1%) premium but provides 163 fewer interior square feet; the $163 higher total rent is therefore a function of the building's 2022 construction and amenity depth rather than raw space. Story of Midtown Toronto is the one comp where the subject trades at a lower monthly rent—$313 less—yet still commands a $0.24 per square foot (5.5%) premium, because the subject provides 107 fewer interior square feet. The nominal rent gap here is driven entirely by the smaller footprint, not by weaker asset valuation.

The Parker fields one of the most extensive lifestyle packages in this Redpath-Broadway pocket, with 18 listed amenities that include a bowling alley, café and bar, virtual healthcare clinic, EV charging station, and an indoor kids' play room—features absent from every nearby competitor. Citylights on Broadway – South Tower and North Tower both offer outdoor pools, gyms, and yoga studios but lack the bowling alley, café and bar, virtual healthcare clinic, EV charging, and dedicated indoor children's space that The Parker provides; in their stead they lean on basketball courts, badminton courts, and sauna/steam rooms. Story of Midtown Toronto overlaps on spin studio, yoga studio, dog run, and pet wash station but does not include an outdoor pool, bowling alley, café and bar, or virtual healthcare clinic. 188 Redpath, built in 2000, offers a far more limited set—concierge, party room, meeting room, games room, library, BBQ area, and a garden courtyard—with no fitness centre, pool, or pet facilities. The Parker's combination of aquatic recreation (outdoor pool), active-wellness programming (spin studio, yoga studio), pet infrastructure (dog run, pet wash station), and unique lifestyle amenities (bowling alley, café and bar, virtual healthcare clinic) positions it squarely for young professionals and small families who want a full-service residential experience without leaving the building.