2150 Condos - Phase 2 — Rental Market Data

2150 Condos – Phase 2 has two active listings as of August 31, 2026, with asking rents ranging from $2,599 to $3,400 per month, an average of $3,000, and a median of $3,000. Both available suites measure 750 square feet on average, yielding an asking rate of $4.00 per square foot. The inventory splits evenly between a 1-Bedroom + Den layout (50 percent) and a 2-Bedroom layout (50 percent), placing the current offering squarely in the mid-range multi-bedroom segment rather than compact entry-level or executive multi-bedroom tiers.

The dominant active layout at 2150 Condos – Phase 2 is the 1-Bedroom + Den, with one listing representing 50 percent of available inventory at an average asking rent of $3,400 per month across 750 square feet and a rate of $4.53 per square foot. The 2-Bedroom tier also holds one listing (50 percent share) at $2,599 per month, 750 square feet, and $3.47 per square foot. Both tiers consist of single listings, so renters face a one-unit-per-category choice with no comparative depth within either bedroom type.

2150 Condos – Phase 2 shows an active asking spread of $801 per month, from a minimum entry rent of $2,599 to a peak asking rent of $3,400, a 30.8 percent range. The median asking rent sits at $3,000 per month. The entry-level suite is a 2-Bedroom unit at 750 square feet and $3.47 per square foot, while the peak listing is a 1-Bedroom + Den of identical 750-square-foot footprint priced at $4.53 per square foot, reflecting the den configuration premium rather than additional living area.

Active den premiums at 2150 Condos – Phase 2 cannot be reliably quantified due to insufficient paired sample data, so no dollar-per-square-foot marginal cost for extra den space can be stated. Active parking stall premiums are likewise inconclusive; the available data set contains anomalous outliers or too few paired listings to isolate a dependable monthly figure. Historical lease records do confirm a verified parking premium of $91 per month, which provides a reasonable reference point for budgeting.

2150 Condos – Phase 2's active asking average of $3,000 per month and $4.00 per square foot sits above the Scarborough West submarket asking benchmark of $2,692 per month and $3.12 per square foot, a 28.2 percent per-square-foot premium. The nominal rent gap of $308 is partly attributable to the building's 750-square-foot average suite size versus the submarket's smaller typical footprint, but the per-square-foot differential confirms a genuine rate premium independent of size. The building holds two out of 25 active listings in the submarket, representing 8 percent of total available inventory in Scarborough West.

2150 Condos – Phase 2 realized an average lease rent of $2,228 per month over the trailing year, sitting $163 below the four-comp benchmark of $2,391 and below every individual competitor in this pocket. 2150 Condos – Phase 3 (2152 Lawrence Ave E, 0.03 km, five closed leases) averaged $2,510 per month at $3.09 per square foot across 829 square feet; 2150 Condos – Phase 1 (1328 Birchmount Rd, 0.11 km, eleven closed leases) averaged $2,252 per month at $3.21 per square foot across 725 square feet; Scarborough Fair II (2550 Lawrence Ave E, 1.66 km, one closed lease) averaged $2,300 per month at $3.07 per square foot across 750 square feet; and Scarborough Fair I (1470 Midland Ave, 1.72 km, three closed leases) averaged $2,500 per month at $3.08 per square foot across 817 square feet. Because all four comparables recorded at least one closed lease in the trailing 180 days, each provides a realized rent benchmark rather than a listing-only reference.

At $3.72 per square foot and an average suite size of 603 square feet, 2150 Condos – Phase 2 commands a per-square-foot premium over every active competitor while delivering fewer interior square feet, meaning the lower nominal rent is a function of the smaller footprint rather than a discount in asset valuation. Versus 2150 Condos – Phase 3, the subject trades at a $0.63 per square foot (20.4 percent) premium and provides 226 fewer interior square feet, yet the monthly rent lands $282 lower; against 2150 Condos – Phase 1, the subject carries a $0.51 per square foot (15.9 percent) premium with 122 fewer square feet and a $24 lower monthly rent; compared with Scarborough Fair II, the subject commands a $0.65 per square foot (21.2 percent) premium, offers 147 fewer square feet, and rents for $72 less per month; and against Scarborough Fair I, the subject holds a $0.64 per square foot (20.8 percent) premium, provides 214 fewer square feet, and trades at a $272 lower monthly rent. In every pairing the rent gap is driven by the subject's compact 603-square-foot average suite rather than a weaker per-square-foot valuation, so a renter choosing Phase 2 over a larger Phase 3 or Scarborough Fair unit is trading interior area for a lower absolute monthly payment at a higher rate per square foot.

2150 Condos – Phase 2 offers a ten-item lifestyle package that includes a dedicated Dining Room & Kitchen, a feature absent from all four nearby competitors, alongside an indoor pool, hot tub, gym, rooftop terrace, BBQ area, garden courtyard, children's playground, party lounge, and concierge security. The two Lawrence Avenue phases (Phase 1 and Phase 3) match the subject on pool, gym, rooftop, and playground but add a Games & Billiards Room and a Meeting Room that the subject does not list; the 1992-era Scarborough Fair towers swap the BBQ area, garden courtyard, and children's playground for a Sauna & Steam Room and Meeting Room. The subject's inclusion of an outdoor BBQ zone, a landscaped garden courtyard, and a dedicated children's playground—combined with the shared dining kitchen—creates a family-oriented, outdoor-living amenity mix that neither the Phase 1/Phase 3 buildings nor the older Scarborough Fair pair replicates in full. This package is best suited to young families and small households in Scarborough West who value communal outdoor space, a shared cooking area, and a pool-and-playground combination over the meeting-room or billiards facilities found in the competing towers.