Neptune 1 at Water Park City — Rental Market Data

Neptune 1 at Water Park City maintains 7 active listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,650 per month, an average asking rent of $2,771 per month, and a median asking rent of $2,700 per month. Active suites average 699 square feet with an asking rate of $3.98 per square foot, and inventory leans toward compact entry-level suites with 1-Bedroom configurations holding a dominant 42.9% market share.

The dominant active layout at Neptune 1 at Water Park City is the 1-Bedroom, accounting for 3 active listings and a 42.9% inventory share. Available 1-Bedroom units average $2,500 per month across 617 square feet at $4.05 per square foot. Meanwhile, 1-Bedroom + Den suites comprise 2 listings representing a 28.6% share, asking an average of $2,650 per month across 671 square feet at $3.96 per square foot. Additionally, 2-Bedroom configurations represent 2 units or a 28.6% share, averaging $3,300 per month across 850 square feet at $3.89 per square foot.

Neptune 1 at Water Park City exhibits a minimum entry rent of $2,200 per month and a peak asking rent of $3,650 per month, creating a dollar spread of $1,450 per month and a percentage spread of 65.9%. The median asking rent rests at $2,700 per month. The entry-level option consists of a 1-Bedroom suite spanning 550 square feet at an asking rate of $4.00 per square foot, whereas the peak-tier option comprises a 2-Bedroom suite offering 950 square feet at $3.84 per square foot.

Neptune 1 at Water Park City commands an active den premium of $150 per month for an interior space increase of 54 square feet. The marginal cost for this extra den space equates to $2.78 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

Neptune 1 at Water Park City asks an average rent of $2,771 per month at $3.98 per square foot, which trails the broader CityPlace / Fort York submarket asking benchmark of $3,101 per month at $4.58 per square foot. Lower nominal asking outlays reflect compact suite layouts rather than discounted unit pricing, with the building's asking rate sitting 13.1% below submarket asking rates across 7 active listings out of 148 submarket total offerings.

Neptune 1 at Water Park City achieves an average lease rent of $2,556 per month, tracking moderately below the broader competitor average of $2,664 per month across its primary benchmarks. Neptune 2 at Water Park City (209 Fort York Blvd) records an average lease rent of $2,260 per month at $3.97 per square foot across an average of 558 square feet. Atlantis & Aquarius at Water Park City (231 Fort York Blvd) reports an average lease rent of $2,523 per month at $4.33 per square foot across 599 square feet. West Harbour City I (628 Fleet Street / 99 Sloping Sky Mews) averages $3,185 per month at $3.89 per square foot across a larger 838 square feet. Water Park City I (219 Fort York Blvd) logs an average lease rent of $2,688 per month at $4.24 per square foot across 655 square feet.

Neptune 1 at Water Park City establishes its value proposition by balancing a realized lease rate of $4.18 per square foot against an average suite footprint of 617 square feet, undercutting the submarket average asking price per square foot by 13.1%. Renters evaluating Neptune 1 against West Harbour City I benefit from a more efficient layout compared to West Harbour City I's larger 838 square foot footprint that commands $3,185 per month, while providing more space than the tighter 558 square foot average found at Neptune 2 at Water Park City. This structure allows incoming tenants to secure modern mid-generation living space without absorbing the higher absolute rents required in expansive, multi-bedroom competitive alternatives.

Neptune 1 at Water Park City delivers an extensive wellness and recreation package that matches or exceeds the offerings found across its immediate Fort York competitors. Residents enjoy signature amenities including a concierge and security service, a fully equipped gym and fitness centre, a dedicated yoga studio, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a party and lounge room, a meeting room, a media and theatre room, a games and billiards room, a BBQ area, and a resident rooftop terrace. When contrasted with neighbouring properties, Neptune 1 matches the comprehensive wellness suites found at Atlantis & Aquarius at Water Park City and Neptune 2 at Water Park City, while offering a more cohesive indoor-outdoor recreational pairing than smaller-scale alternative towers in the micro-market. This robust amenity infrastructure particularly serves urban professionals and active couples seeking comprehensive building-contained fitness and social spaces.