Quantum 2 - The North Tower — Rental Market Data

Quantum 2 – The North Tower has four active rental listings as of August 31, 2026, with asking rents ranging from $2,600 to $3,980 per month, an average of $3,220 and a median of $3,150. The average active suite measures 887 square feet at an asking rate of $3.69 per square foot. Each of the four available units occupies a distinct bedroom tier—1-Bedroom, 1-Bedroom + Den, 2-Bedroom, and 2-Bedroom + Den—so inventory is spread evenly rather than concentrated in compact entry-level or multi-bedroom executive layouts.

No single layout dominates the active inventory at Quantum 2 – The North Tower; all four tiers carry one listing each at a 25 percent share. The 1-Bedroom (637 sq ft, $2,700, $4.24 per square foot) and 1-Bedroom + Den (720 sq ft, $2,600, $3.61 per square foot) anchor the entry end, while the 2-Bedroom (1,090 sq ft, $3,600, $3.30 per square foot) and 2-Bedroom + Den (1,100 sq ft, $3,980, $3.62 per square foot) represent the upper tiers. Renters seeking a specific bedroom count will find exactly one option per tier, so availability is effectively first-come, first-served across the board.

Quantum 2 – The North Tower's four active listings span a $1,380 spread (53.1 percent), from a minimum entry rent of $2,600 to a peak asking rent of $3,980 per month. The median asking rent sits at $3,150 per month. The entry-level suite is a 1-Bedroom + Den measuring 720 square feet at $3.61 per square foot, while the peak listing is a 2-Bedroom + Den at 1,100 square feet and $3.62 per square foot, showing that the top-tier premium is driven primarily by the additional den space rather than a sharp rate-per-area jump.

At Quantum 2 – The North Tower, the active den premium is quantified at a negative $100 per month for an additional 83 square feet of den space, yielding a marginal cost of negative $1.20 per square foot—meaning the den adds area without a proportional rent increase. Verified parking stalls carry a $240 per month premium on top of base rent, confirmed through active listing data.

Quantum 2 – The North Tower asks an average of $3,220 per month at $3.69 per square foot, compared to the North Midtown submarket asking benchmark of $2,803 per month at $4.27 per square foot. The building's nominal rent is higher than the submarket average, but its 887-square-foot active suites are more compact than the submarket norm, and the 13.6 percent lower rate per square foot resolves that gap in favour of tenants paying less per area. Quantum 2's North Tower accounts for four out of 232 active listings in the North Midtown submarket, a 1.7 percent share of total available inventory.

Quantum 2 – The North Tower's one-year average realized rent of $3,192 per month exceeds the four-comp benchmark of $2,995 per month by $197, driven primarily by its larger interior footprint rather than a higher per-unit valuation. Quantum 1 – The South Tower (2181 Yonge Street, 0.06 km, 8 closed leases) averaged $2,728 per month at $3.75 per square foot across 738 square feet; the subject commands $464 more per month but at a lower rate per square foot. 2221 Yonge (2221 Yonge Street, 0.06 km, 63 closed leases) averaged $2,461 per month at $3.95 per square foot over 639 square feet, with the subject realizing $731 more monthly on 265 additional square feet. Thirty Holly (30 Holly Street, 0.08 km, 1 closed lease) recorded $4,200 per month at $3.82 per square foot across 1,100 square feet—the only comp where the subject trades at a lower monthly rent ($1,008 less) on 196 fewer square feet. Y&S Condos (20 Soudan Avenue, 0.12 km, 25 closed leases) averaged $2,589 per month at $4.40 per square foot over 602 square feet, with the subject commanding $603 more per month on 302 additional square feet.

Quantum 2 – The North Tower leases at $3.53 per square foot across an average 904-square-foot suite, positioning it below the submarket leased benchmark of $4.19 per square foot and below every active competitor on a per-square-foot basis while delivering more interior space than three of the four peers. Against Quantum 1 – The South Tower, the subject trades at a $0.22 per square foot (5.9%) discount while providing 166 more interior square feet, meaning the $464 monthly premium is entirely a function of the larger footprint rather than a higher asset valuation. Versus 2221 Yonge, the discount widens to $0.42 per square foot (10.6%) with 265 additional square feet, and the $731 nominal rent gap reflects the extra 265 square feet at a lower unit rate. Thirty Holly presents the inverse trade-off: the subject offers 196 fewer square feet at a $0.29 per square foot (7.6%) discount, resulting in a $1,008 lower monthly rent on a smaller suite. Y&S Condos shows the widest per-square-foot gap at $0.87 per square foot (19.8%) below the comp, with the subject providing 302 more square feet; the $603 monthly premium is again footprint-driven, not rate-driven. Across all four comparisons, the subject consistently offers a lower rate per square foot, making it the most space-efficient lease in this micro-market.

Quantum 2 – The North Tower fields a 16-item amenity suite that includes three features—Library & Reading Room, Music Room, and Firepit—genuinely absent from all four nearby competitors, setting it apart as the most lifestyle-rounded option in this Yonge Street pocket. Quantum 1 – The South Tower and 2221 Yonge both offer Hot Tub & Jacuzzi and Dining Room & Kitchen facilities that the subject does not carry, while Y&S Condos differentiates with a Kids' Play Room, Children's Playground, Pet Wash Station, and Coffee Bar. Thirty Holly, built in 1987, provides a stripped-down set of eight amenities and lacks the Indoor Pool, Yoga Studio, Business Centre, Games & Billiards Room, and the subject's signature Library & Reading Room, Music Room, and Firepit entirely. The subject's aquatic and wellness cluster (Indoor Pool, Sauna & Steam Room, Gym & Fitness Centre, Yoga Studio) matches or exceeds every competitor except Thirty Holly, while its remote-work and social package (Meeting Room, Business Centre, Media & Theatre Room, Games & Billiards Room, Party & Lounge Room) is on par with the 2021–2023 generation. The combination of a full indoor pool, dedicated music and reading rooms, an outdoor firepit, and a rooftop terrace targets professionals and small households who prioritize a balanced work-life environment with on-site recreation over the family-oriented or pet-focused amenities found at Y&S Condos.