School Lofts — Rental Market Data

School Lofts has three units actively listed as of August 31, 2026, with asking rents ranging from $1,750 to $2,200 per month, an average of $2,050, and a median of $2,200. The average active suite measures 1,112 square feet at a blended asking rate of $1.99 per square foot. No single layout dominates the active inventory; instead, the three listings split evenly across studio, one-bedroom, and one-bedroom-plus-den configurations, giving renters a spread from compact entry-level space to multi-room executive layouts.

No single layout holds a majority of School Lofts' active inventory, as each of the three available units occupies its own bedroom tier at 33.3 percent share. The studio listing offers 650 square feet at $1,750 per month ($2.69 per square foot), the one-bedroom provides 1,387 square feet at $2,200 per month ($1.59 per square foot), and the one-bedroom-plus-den spans 1,300 square feet at $2,200 per month ($1.69 per square foot). Each tier represents a single listing, so renters evaluating any specific bedroom count face a one-unit choice with no comparable alternatives within the building.

School Lofts active listings span a $450 monthly spread (25.7 percent), from a $1,750 entry point to a $2,200 peak asking rent. The median asking rent sits at $2,200 per month, reflecting that two of the three units cluster at the top of the range. The entry-level studio measures 650 square feet at $2.69 per square foot, while the peak one-bedroom offers 1,387 square feet at $1.59 per square foot, meaning the lower-priced unit actually commands a higher per-square-foot rate due to its compact footprint.

School Lofts active den premium data shows a $0 dollar difference and an 87-square-foot reduction in footprint between the one-bedroom-plus-den and the standard one-bedroom, making the marginal cost per square foot for den space unquantifiable from the current sample. Active parking stall premiums cannot be reliably isolated from the available paired data, so no specific monthly parking figure can be quoted for the building's current listings.

School Lofts active asking rents average $2,050 per month at $1.99 per square foot, compared to the Central Hamilton submarket asking benchmarks of $2,026 per month and $2.94 per square foot. The building's nominal rent is marginally above the submarket average, but its per-square-foot rate runs 32.3 percent below the neighborhood benchmark because active suites average 1,112 square feet versus the submarket implied average of 689 square feet. School Lofts accounts for 3 out of 197 available listings in the Central Hamilton submarket, a 1.5 percent share of total active inventory.

School Lofts' average realized lease rent of $2,200 per month exceeds the three-active-comp benchmark of $2,057 per month by $143, with the primary drivers being 96 Erie Avenue and the two Vista Condos buildings within 200 metres. 96 Erie Avenue (96 Erie Avenue, 0.18 km, one closed lease) realized an average of $1,645 per month at $2.53 per square foot across 650 square feet, meaning the subject commands a $555 higher monthly rent—entirely attributable to its 225-square-foot larger interior rather than a rate premium. Vista Condos on Charlton 3 (479 Charlton Ave E, 0.18 km, four closed leases) matched the subject at $2,200 per month but at $2.90 per square foot over 769 square feet, so the subject delivers 106 additional square feet for the same nominal rent. Vista Condos on Charlton 2 (467 Charlton Ave E, 0.20 km, four closed leases) realized $2,325 per month at $2.80 per square foot across 835 square feet, placing the subject $125 lower in total rent while still providing 40 more square feet. Claremount Court (151 Stinson Street, 0.21 km) recorded zero closed leases in the trailing 180 days and therefore offers no realized rent benchmark for comparison.

School Lofts trades at $2.51 per square foot across an 875-square-foot average suite, a rate that sits below every active nearby competitor and well under the Central Hamilton submarket leased benchmark of $3.09 per square foot, while delivering the largest interior footprint in the immediate peer set. Against 96 Erie Avenue, the subject offers a $0.02 per square foot discount (0.8% below the comp's $2.53 rate) and 225 more square feet of living space, so the $555 higher monthly rent reflects a bigger home rather than a pricier asset. Versus Vista Condos on Charlton 3, the subject trades at a $0.39 per square foot discount (13.4% below the comp's $2.90 rate) and provides 106 additional square feet, meaning renters capture more interior area for the identical $2,200 monthly outlay. Against Vista Condos on Charlton 2, the subject offers a $0.29 per square foot discount (10.4% below the comp's $2.80 rate) with 40 more square feet, and the $125 lower nominal rent confirms the trade-off favours the renter on both total cost and space. Claremount Court, with zero closed leases in the past 180 days, cannot be used as a pricing reference and is excluded from this value comparison.

School Lofts provides a mid-tier lifestyle package—Concierge & Security, Gym & Fitness Centre, BBQ Area, Garden & Courtyard, and an outdoor Children's Playground—that differentiates it from the zero-amenity 96 Erie Avenue while trailing the two Vista Condos buildings on social and rooftop features. The subject's outdoor Children's Playground and dedicated Garden & Courtyard are absent from all three active competitors, giving families a rare ground-level play and green-space component in this pocket. Conversely, both Vista Condos buildings offer a Rooftop Terrace, Party & Lounge Room, Dining Room & Kitchen, and Fire Pit (Charlton 2 adds CarShare), none of which appear in School Lofts' amenity list, so renters seeking indoor social gathering or rooftop entertaining will find the Vista properties better suited. 96 Erie Avenue carries no common facilities whatsoever, making the subject's concierge, gym, and outdoor amenities a clear step up for cost-conscious renters who still want basic lifestyle infrastructure. This package best serves young families and dual-income professionals in Central Hamilton who prioritize secure, low-maintenance living with a children's play area and outdoor green space over the party-and-rooftop social scene of the Vista buildings.