One Park Lane III — Rental Market Data

One Park Lane III carries 1 active listing as of August 31, 2026, with an asking price range of $4,100 per month, an average rent of $4,100 per month, and a median rent of $4,100 per month. The sole available unit spans 1,210 square feet at an asking rate of $3.39 per square foot. The 2-Bedroom + Den configuration commands 100 percent of active inventory, directing current market supply entirely toward multi-bedroom executive layouts.

The 2-Bedroom + Den serves as the dominant active layout at One Park Lane III, accounting for 1 active listing and 100 percent of total inventory. This single available tier averages $4,100 per month across 1,210 square feet at an asking rate of $3.39 per square foot. All other bedroom tiers currently maintain zero units available on the market.

One Park Lane III features a single active listing at 211 St Patrick Street, resulting in an entry rent of $4,100 per month, a peak asking rent of $4,100 per month, a dollar spread of $0 per month, and a percentage spread of 0 percent. The median asking rent matches this exact figure at $4,100 per month. The entry-level and peak suite are identical, consisting of a 2-Bedroom + Den configuration sized at 1,210 square feet priced at $3.39 per square foot.

One Park Lane III has insufficient paired sample data to isolate den premiums or square foot deltas for the active 2-Bedroom + Den layout. Active parking premium data is inconclusive due to an unreliable outlier or insufficient sample, meaning parking stall costs cannot be reliably isolated from current listings.

One Park Lane III asks an average rent of $4,100 per month at $3.39 per square foot, positioning its rate 29.5 percent below the Downtown West submarket asking benchmark of $4.81 per square foot. While nominal asking rent exceeds the submarket average of $3,080 per month, the lower cost per square foot is driven by expansive suite sizing averaging 1,210 square feet. The property accounts for a tiny fraction of total submarket inventory with its 1 active listing against a submarket active count of 170 listings.

One Park Lane III achieves an average lease rent of $3,800 per month, comparing against an overall comparable average of $3,574 per month across key benchmarks including One Park Lane I, One Park Lane II, Artistry, and The Residences of 488 University Avenue. Individual competitor performance highlights One Park Lane I at 280 Simcoe St reporting an average lease rent of $4,286 per month at $3.06 per square foot across 1,398 square feet, One Park Lane II at 195 St Patrick St averaging $3,475 per month at $2.80 per square foot across 1,250 square feet, Artistry at 280 Dundas St W recording $2,794 per month at $5.00 per square foot across 575 square feet, and The Residences of 488 University Avenue at 488 University Ave averaging $3,741 per month at $4.57 per square foot across 820 square feet.

One Park Lane III establishes its value proposition by offering a competitive rate of $2.92 per square foot across an average suite size of 1,300 square feet, undercutting newer developments like Artistry at $5.00 per square foot across 575 square feet and The Residences of 488 University Avenue at $4.57 per square foot across 820 square feet while aligning closely with the broader micro-market benchmark of $3.86 per square foot. Renters at One Park Lane III navigate a deliberate trade-off: accepting the building's 1982 construction age and classic finishes in exchange for substantially larger interior layouts and lower square-foot overhead costs, bypassing the spatial compression inherent in newer Downtown West high-rises.

One Park Lane III delivers an extensive suite of recreational and wellness amenities that rival newer developments in the Downtown West submarket, featuring a Basketball Court, Indoor Pool, Squash & Racquetball Court, and a Rooftop Terrace. When contrasted against nearby competitors, One Park Lane III matches traditional wellness offerings found at One Park Lane I while providing dedicated recreational spaces like its indoor basketball and squash courts that surpass the yoga and fitness studios typical of modern towers like Artistry and The Residences of 488 University Avenue. This robust amenity package primarily serves established renters, families, and professionals seeking comprehensive on-site recreational infrastructure without sacrificing square footage.