Parade 2 - North Tower — Rental Market Data

Parade 2 – North Tower has two active listings as of August 31, 2026, spanning a price range of $2,100 to $2,600 per month with an average and median asking rent of $2,350. The average suite measures 525 square feet at a blended asking rate of $4.63 per square foot. Both active units are one-bedroom configurations (one standard, one with den), so current inventory leans toward compact entry-level and mid-size layouts rather than multi-bedroom executive suites.

The dominant active layout at Parade 2 – North Tower is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $2,100 per month across 400 square feet and a rate of $5.25 per square foot. The second listing is a one-bedroom-plus-den at $2,600 per month, 650 square feet, and $4.00 per square foot, also holding a 50 percent share. Both tiers are single-listing samples, so renters should treat pricing as indicative of individual unit positioning rather than a market-wide tier average.

Parade 2 – North Tower's active asking spread runs from $2,100 to $2,600 per month, a $500 gap representing a 23.8 percent range, with the median asking rent landing at $2,350. The entry-level suite is a 400-square-foot one-bedroom listed at $5.25 per square foot, while the peak listing is a 650-square-foot one-bedroom-plus-den at $4.00 per square foot. The lower per-square-foot rate on the larger unit reflects the den's incremental space rather than a premium positioning.

At Parade 2 – North Tower, the active den premium is $500 per month for an additional 250 square feet of space, equating to a marginal cost of $2.00 per square foot for the extra den area. Active parking premiums cannot be reliably isolated due to an insufficient paired sample or anomalous outlier in the current listing data, so no verified monthly parking figure can be quoted for the two active units.

Parade 2 – North Tower's average asking rent of $2,350 per month sits well below the CityPlace / Fort York submarket asking benchmark of $3,101, while its blended rate of $4.63 per square foot runs 1.1 percent above the submarket asking rate of $4.58 per square foot. The nominal rent gap resolves through suite sizing: the building's 525-square-foot average footprint is more compact than the submarket norm, so the per-square-foot comparison is the more accurate density-adjusted measure. The tower holds two out of 148 available listings in the submarket, a 1.35 percent share of current rental inventory.

Parade 2 - North Tower's all-time average realized lease rent of $2,497 per month sits $270 below the four-comp benchmark of $2,767, placing it at the lower end of this immediate CityPlace / Fort York pocket. Parade 1 - North Tower at 15 Iceboat Terr (0.04 km, 24 closed leases) averaged $2,556 per month at $4.25 per square foot across 617 square feet, meaning the subject trades at a $59 monthly discount. Parade 2 - South Tower & Podium at 151 Dan Leckie Way (0.08 km, 8 closed leases) realized $2,803 per month at $3.81 per square foot over 740 square feet, a $306 spread in the comp's favour. Parade 1 - South Tower at 10 Capreol Crt (0.11 km, 11 closed leases) averaged $2,856 per month at $3.87 per square foot across 749 square feet ($359 higher), and Luna Vista at 25 Capreol Crt (0.14 km, 13 closed leases) posted $2,854 per month at $4.01 per square foot over 724 square feet ($357 higher). All four competitors recorded active lease volume, so each provides a realized pricing benchmark rather than a speculative reference.

Parade 2 - North Tower leases at $3.85 per square foot across an average 652-square-foot suite, positioning it at a modest discount to the $3.99 per square foot comp average while offering 56 fewer square feet than the 708-square-foot peer mean. Against Parade 1 - North Tower, the subject trades at a $0.40 per square foot (9.4 percent) discount yet provides 35 more interior square feet, delivering a genuinely lower per-unit valuation alongside a larger footprint. Versus Parade 2 - South Tower & Podium, the subject commands a $0.04 per square foot (1.0 percent) premium while providing 88 fewer interior square feet; the $306 monthly rent gap is therefore driven by the smaller interior footprint rather than a lower asset valuation. Against Parade 1 - South Tower, the subject offers a $0.02 per square foot (0.5 percent) discount with 97 fewer square feet, and versus Luna Vista it trades at a $0.16 per square foot (4.0 percent) discount with 72 fewer square feet. In each case where the subject's nominal rent falls below a competitor, the reduced interior footprint is the primary driver of the spread rather than a weaker per-square-foot rate.

Parade 2 - North Tower fields a 22-feature amenity program that spans aquatic recreation, fitness, remote-work infrastructure, and dedicated pet services, placing it at the upper tier of this immediate peer set. The building's Pet Daycare station, outdoor Children's Playground, and dedicated Hobby Room are features absent from Parade 1 - North Tower (which instead offers a Basketball Court, Tennis & Pickleball Court, and Business Centre) and Luna Vista (which differentiates with an Outdoor Pool, Dining Room & Kitchen, and Waterfall feature). Parade 2 - South Tower & Podium mirrors the subject's package most closely, sharing the Indoor Pool, Squash & Racquetball Court, Pet Daycare, and Massage Room, while Parade 1 - South Tower distinguishes itself with a Car Wash Bay that the subject does not include. The subject's combination of a full aquatic suite (Indoor Pool, Hot Tub & Jacuzzi, Sauna & Steam Room), a dedicated Yoga Studio, Meeting Room, and Pet Wash Station alongside Pet Daycare makes it particularly well-suited to young professional households with children or pets who want a single-building lifestyle package without relying on off-site recreation.