Ultra at Heron's Hill — Rental Market Data

Ultra at Heron's Hill features 6 active listings as of August 31, 2026, spanning a price range of $2,100 to $2,650 per month with an average asking rent of $2,342 per month and a median asking rent of $2,300 per month. Active suites average 646 square feet at an asking rate of $3.64 per square foot. The inventory distribution divides evenly across 1-Bedroom, 1-Bedroom plus den, and 2-Bedroom floor plans, offering a balanced selection of compact entry-level options and multi-room suites.

The dominant active layout category at Ultra at Heron's Hill is the 1-Bedroom, accounting for 2 active listings and a 33.3% inventory share. Entry-level 1-Bedroom suites average $2,100 per month across 550 square feet at an asking rate of $3.82 per square foot. Meanwhile, 1-Bedroom plus den units comprise 2 active listings representing a 33.3% share, averaging $2,300 per month across 658 square feet at $3.50 per square foot. Two-bedroom configurations round out the remaining 33.3% share with 2 active listings averaging $2,625 per month across 732 square feet at a rate of $3.59 per square foot.

Ultra at Heron's Hill displays an entry rent of $2,100 per month and a peak asking rent of $2,650 per month, generating a dollar spread of $550 per month or 26.2%. The median asking rent sits at $2,300 per month across the active portfolio. The entry-level tier consists of a 1-Bedroom suite spanning 550 square feet priced at $3.82 per square foot, while the peak tier is anchored by a 2-Bedroom suite offering 750 square feet at an asking rate of $3.53 per square foot.

Ultra at Heron's Hill commands an active den premium of $200 per month for an additional 108 square feet of interior space. This extra square footage translates to a marginal cost of $1.85 per square foot for the den upgrade. Active parking stall premiums cannot be reliably isolated due to an insufficient sample of paired listings.

Ultra at Heron's Hill asks an average rent of $2,342 per month at $3.64 per square foot, trailing the broader Don Valley North submarket asking benchmark of $2,608 per month and $3.93 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than discounted unit pricing. The building's asking rate per square foot sits 7.4% below the submarket average while representing a minor fraction of the 225 active listings across the wider neighborhood.

Ultra at Heron's Hill achieves an average historical lease rent of $2,409 per month, comparing against an overall competitive set average of $2,159 per month across nearby properties including Yorkland at Heron's Hill, Legacy at Heron's Hill, and Trio at Atria. Yorkland at Heron's Hill (275 Yorkland Rd) records an average lease rent of $2,320 per month at $3.57 per square foot across an average of 665 square feet. Legacy at Heron's Hill - Podium (2035 Sheppard Ave E) averages $2,117 per month at $3.30 per square foot across 641 square feet. Legacy at Heron's Hill - Tower (30 Herons Hill Way) averages $2,056 per month at $3.96 per square foot across 538 square feet. Trio at Atria (50 Ann O'Reilly Rd) records an average lease rent of $2,144 per month at $3.83 per square foot across an average of 564 square feet.

Ultra at Heron's Hill delivers a compelling value proposition by trading at an average leased rate of $3.35 per square foot across an average suite size of 733 square feet, offering lower per-square-foot costs than several immediate peers while providing more interior space. Renters at Ultra trade off ultra-compact, high-PSF footprints found in towers like Legacy at Heron's Hill - Tower (which averages 538 square feet at $3.96 per square foot) and Trio at Atria (which averages 564 square feet at $3.83 per square foot) in exchange for generous layouts and more functional square footage. Compared to Yorkland at Heron's Hill at $3.57 per square foot across 665 square feet, Ultra provides larger living quarters at a more economical rate per square foot.

Ultra at Heron's Hill provides an extensive, resort-style amenity package that outpaces many neighboring buildings by offering rare recreational facilities alongside standard modern conveniences. Signature amenities at Ultra include an indoor pool, an outdoor pool, a tennis and pickleball court, a shuttle service, and a dedicated car wash bay. When contrasted with nearby competitors, Ultra's recreational offerings stand out: Yorkland at Heron's Hill features an indoor pool, rooftop terrace, and yoga studio but lacks outdoor pool facilities and tennis courts; Legacy at Heron's Hill - Podium includes an indoor pool, shuttle service, and garden courtyard but omits outdoor aquatic features; Trio at Atria provides an indoor pool, yoga studio, and rooftop terrace but lacks outdoor sports courts and shuttle services. This robust amenity ecosystem best serves residents, professionals, and families seeking an active lifestyle with comprehensive on-site recreation without leaving the property.