1181 Queen West — Rental Market Data

There are currently 2 active rental listings available at 200 Sudbury St in Toronto. Over the past 30 days, availability has averaged 2 suites.

Current active inventory spans 1-bedroom, 2-bedroom floor plans.

Asking rents range across available layouts, averaging $2,825/month ($4.04/SF).

Landlords place an implied premium of $0/month for dedicated parking stalls and $0/month for suites with a den.

Asking rents at 1181 Queen West ($2,825/month) are 12.0% lower than the Toronto average ($3,211/month).

1181 Queen West's average realized lease rent of $2,800 per month sits $14 above the four-comp benchmark of $2,786, placing it marginally ahead of the immediate peer set. Bohemian Embassy – South Tower at 1171 Queen St W (0.05 km, 7 closed leases) averaged $2,786 per month at $3.96 per square foot over 702 square feet, meaning the subject commands a $14 higher monthly rent. Bohemian Embassy – Queen Tower and Gallery at 1169 Queen St W (0.06 km, 2 closed leases) averaged $2,425 per month at $3.73 per square foot over 650 square feet, a $375 lower figure than the subject. Two Gladstone at 2 Gladstone Ave (0.09 km, 3 closed leases) averaged $2,833 per month at $5.38 per square foot over 573 square feet, placing the subject $33 below that comp. The Carnaby Lofts at 30 Minowan Miikan Lane (0.10 km, 1 closed lease) averaged $3,100 per month at $4.13 per square foot over 750 square feet, a $300 higher rent than the subject's realized figure.

At $5.09 per square foot over a 550-square-foot average suite, 1181 Queen West trades at a premium rate per square foot against three of its four nearby competitors while offering fewer interior square feet than every one of them. Against Bohemian Embassy – South Tower (702 sq ft, $3.96/sq ft), the subject commands a $1.13 per square foot (28.5 percent) premium but provides 152 fewer interior square feet; the higher nominal rent of just $14 is driven almost entirely by the rate differential rather than a larger footprint. Against Bohemian Embassy – Queen Tower and Gallery (650 sq ft, $3.73/sq ft), the subject carries a $1.36 per square foot (36.5 percent) premium with 100 fewer square feet, and the $375 higher monthly rent reflects both the rate gap and the size gap working in the subject's favour. Against Two Gladstone (573 sq ft, $5.38/sq ft), the subject trades at a $0.29 per square foot (5.4 percent) discount and provides 23 fewer square feet, resulting in a $33 lower monthly rent—the one comp where the subject is both cheaper per square foot and slightly smaller. Against The Carnaby Lofts (750 sq ft, $4.13/sq ft), the subject commands a $0.96 per square foot (23.2 percent) premium while providing 200 fewer square feet; the $300 lower nominal rent is entirely a function of the smaller interior footprint rather than a weaker per-square-foot valuation.

1181 Queen West fields a 12-item amenity programme that includes a Yoga Studio, Business Centre, Dining Room & Kitchen, Shared Laundry Room, and Art Studio—features absent from every one of its four nearby competitors. The Bohemian Embassy towers (South and Queen) and Two Gladstone each offer a Sauna & Steam Room and BBQ Area that the subject does not replicate, while Bohemian Embassy – South Tower additionally provides an AutoShare vehicle-sharing station. The Carnaby Lofts, the closest in age at 2015, carries a leaner list of six amenities with no dedicated yoga space, business centre, dining kitchen, or art studio. The subject's package leans toward creative-professional and wellness-oriented living—yoga, art-making, remote-work meeting rooms, and a communal dining kitchen—rather than the sauna-and-BBQ social model favoured by the 2012-era buildings. This lifestyle mix best serves young creative professionals, freelancers, and small remote-work teams who prioritize studio access, fitness variety, and on-site collaboration space over outdoor grilling or vehicle-sharing conveniences.