Paradigm - West Tower — Rental Market Data

Paradigm – West Tower has five active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,900 per month, an average of $2,480 per month, and a median of $2,450 per month. The average active suite measures 669 square feet at an asking rate of $3.75 per square foot. One-bedroom and one-bedroom-plus-den layouts each account for 40 percent of available inventory, while the remaining 20 percent is a single two-bedroom unit, meaning the current mix leans toward compact entry-level and mid-tier suites rather than multi-bedroom executive layouts.

The dominant active layout at Paradigm – West Tower is the one-bedroom, with two units representing 40 percent of available inventory at an average asking rent of $2,375 per month across 600 square feet and a rate of $3.98 per square foot. The one-bedroom-plus-den tier also holds two listings (40 percent) averaging $2,375 per month over 641 square feet at $3.71 per square foot, while the two-bedroom tier consists of a single 863-square-foot unit listed at $2,900 per month and $3.36 per square foot.

Paradigm – West Tower's active asking rents span from a $2,300 entry point to a $2,900 peak, a $600 spread representing 26.1 percent of the entry price. The median asking rent sits at $2,450 per month. The entry-level suite is a 550-square-foot one-bedroom at $4.18 per square foot, while the peak listing is an 863-square-foot two-bedroom at $3.36 per square foot, illustrating how the larger footprint compresses the per-square-foot rate despite the higher nominal rent.

Paradigm – West Tower's active den premium is quantified at $0 per month for an additional 41 square feet of den space, yielding a marginal cost of $0 per square foot for the extra area. Active parking stall premiums cannot be reliably isolated from the current dataset due to an insufficient paired sample, so no verified monthly parking add-on can be quoted for active listings.

Paradigm – West Tower's average asking rent of $2,480 per month and $3.75 per square foot both sit below the Downtown Burlington submarket asking benchmarks of $2,988 per month and $4.25 per square foot, placing the building 11.8 percent under the submarket rate per square foot. The nominal rent gap of roughly $500 per month is explained in part by suite sizing: active averages of 669 square feet are more compact than what the higher submarket asking rate implies for comparable footprints. The building currently holds five out of 43 available listings in the Downtown Burlington submarket, representing approximately 11.6 percent of total active inventory.

Paradigm – West Tower's one-year average realized rent of $2,303 per month runs $91 above the four-comparable cluster average of $2,212, with the spread driven primarily by its premium over the older and newer reference buildings. Paradigm – Centre Tower (2087 Fairview Street, 0.03 km, 18 closed leases) posted an average rent of $2,605 per month at $3.65 per square foot across 715-square-foot suites, meaning the subject trades at a $302-per-month lower realized rent. Paradigm – East Tower (2093 Fairview Street, 0.35 km, 10 closed leases) matched the subject at $2,303 per month, $3.74 per square foot, and 620 square feet. 849 Brant Street (0.43 km, one closed lease) realized $2,100 per month at $3.65 per square foot over 576 square feet, placing the subject $203 higher in nominal rent. 2095 Prospect Street (0.45 km, two closed leases) averaged $1,838 per month at $2.02 per square foot across 975 square feet, a $465-per-month gap below the subject.

Paradigm – West Tower leases at $3.61 per square foot on a 649-square-foot average suite, a rate that sits above the comp cluster average of $3.27 per square foot but below the submarket leased benchmark of $3.77 per square foot. Against Paradigm – Centre Tower, the subject trades at a $0.04-per-square-foot (1.1%) discount while providing 66 fewer interior square feet, so the lower nominal rent reflects a slightly tighter footprint rather than weaker asset valuation. Versus Paradigm – East Tower, the subject offers a $0.13-per-square-foot (3.5%) discount and 29 more interior square feet, meaning a renter pays the same $2,303 monthly rent for additional usable space. Compared with 849 Brant Street, the subject trades at a $0.04-per-square-foot discount and delivers 73 more square feet; the $203 higher nominal rent is entirely a function of the larger interior footprint, not a rate premium. Against 2095 Prospect Street, the subject commands a $1.59-per-square-foot (78.7%) premium but provides 326 fewer square feet, a trade-off where the renter pays more per unit of space for a 2019-built, amenity-rich product over a 2026-completion, four-amenity building.

Paradigm – West Tower offers a 16-feature lifestyle package spanning aquatic, wellness, fitness, remote-work, and social spaces, placing it at parity with its two sister towers and well ahead of the older and newer references in the immediate pocket. The building's indoor pool, hot tub, sauna and steam room, basketball court, rain room, rooftop terrace, and dedicated business centre match the full amenity list at Paradigm – Centre Tower exactly. Paradigm – East Tower extends that list with a pet wash station and an indoor kids' play room, two features absent from the West Tower. 849 Brant Street provides no common lifestyle or recreational facilities whatsoever, operating as a no-frills residential building that appeals to cost-conscious renters over amenity-rich peers. 2095 Prospect Street offers only a shared laundry room, party lounge, concierge, and convenience store—a fraction of the subject's programming. The West Tower's aquatic-wellness core, combined with its meeting room, business centre, and media theatre, best serves young professionals and small households in Downtown Burlington who want resort-style daily amenities without the step-up rent of a luxury branded product.