22 Condominiums — Rental Market Data

22 Condominiums carries one active rental listing as of August 31, 2026, asking $3,450 per month with no spread between minimum and maximum. The available suite spans 950 square feet at a rate of $3.63 per square foot, and the entire active inventory is a two-bedroom layout representing 100 percent of available units. This single listing skews toward a spacious multi-bedroom executive format rather than a compact entry-level suite, offering 216 more square feet than the Cabbagetown submarket implied average.

The sole active layout at 22 Condominiums is a two-bedroom unit, accounting for 100 percent of the building's one available listing. That single two-bedroom suite asks $3,450 per month across 950 square feet at $3.63 per square foot, and no other bedroom tiers are currently on the market. Renters seeking one-bedroom or studio options at this address will find zero active inventory and should direct their search to neighboring Cabbagetown buildings.

With only one unit listed, 22 Condominiums shows a minimum and maximum asking rent of $3,450 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same two-bedroom layout at 950 square feet and $3.63 per square foot, so there is no internal price gradient to evaluate. Median asking rent also lands at $3,450 per month, confirming a single-transaction inventory with no tiered pricing structure.

Active den premiums at 22 Condominiums cannot be quantified because the building's single listing does not provide a paired comparison between den and non-den configurations, leaving the marginal cost per square foot for extra den space uncalculated. Verified parking data from historical leases indicates a $150 per month stall add-on, but the active parking premium cannot be reliably isolated from the current listing due to an insufficient paired sample, so renters should confirm parking terms directly with the leasing office.

The $3,450 per month asking rent at 22 Condominiums exceeds the Cabbagetown submarket average of $3,178 by $272, yet the per-square-foot rate of $3.63 runs 16.2 percent below the submarket asking benchmark of $4.33 per square foot. The nominal rent premium is entirely a function of suite size: the active 950-square-foot two-bedroom is 216 square feet larger than the submarket implied average of 734 square feet, so renters are paying more in total dollars for materially more living space at a lower unit rate. This building represents one out of 106 active listings in the Cabbagetown submarket, a 0.9 percent share of available inventory.

22 Condominiums realized an average lease rent of $2,621 per month over the trailing year, sitting $318 below the four-comp blended benchmark of $2,939 and marginally below the Cabbagetown submarket average of $2,636. Against active peers, the subject commands a higher monthly rent than Vox Condominiums at 28 Wellesley St E (0.04 km, 71 closed leases, $2,532 average rent, $5.05 per square foot, 515 square feet) by $89, and outperforms Totem Condominium at 17 Dundonald St (0.05 km, 21 closed leases, $2,440 average rent, $4.42 per square foot, 565 square feet) by $181. The subject trades at a lower monthly rent than 50 at Wellesley Station at 50 Wellesley St E (0.06 km, 61 closed leases, $2,784 average rent, $4.32 per square foot, 655 square feet) by $163. Terrace Court at 19 Dundonald St (0.06 km) recorded only one closed lease at $4,000 per month ($3.28 per square foot, 1,220 square feet), a single-transaction figure that does not constitute a reliable pricing benchmark for the subject.

22 Condominiums leases at $4.50 per square foot with an average suite of 601 square feet, positioning it above the comp-set average rate of $4.27 per square foot but below the comp-set average size of 739 square feet. Against Vox Condominiums, the subject trades at a $0.55 per square foot (10.9%) discount while providing 86 more interior square feet, meaning the lower per-unit rate is offset by a larger footprint that keeps the total monthly rent $89 above Vox. Versus Totem Condominium, the subject commands a $0.08 per square foot (1.8%) premium and delivers 36 additional square feet, reinforcing a modest value edge on both rate and space. The trade-off sharpens against 50 at Wellesley Station, where the subject posts a $0.18 per square foot (4.2%) premium yet provides 54 fewer square feet; the $163 lower nominal rent is driven entirely by the smaller interior footprint rather than a weaker per-unit valuation. Terrace Court's single closed lease at 1,220 square feet and $3.28 per square foot is an outlier in scale and does not meaningfully anchor the subject's positioning.

22 Condominiums offers an eight-feature lifestyle package anchored by a Hot Tub & Jacuzzi, Sauna & Steam Room, Gym & Fitness Centre, Rooftop Terrace, BBQ Area, Meeting Room, Party & Lounge Room, and Concierge & Security—a wellness-and-recovery profile that distinguishes it from every nearby competitor. The Hot Tub & Jacuzzi is absent from all four comparables: Vox Condominiums substitutes an Indoor Pool, 50 at Wellesley Station offers an Outdoor Pool and Yoga Studio, and neither Totem Condominium nor Terrace Court provides any aquatic or hydrotherapy facility. The subject also lacks the Media & Theatre Room, Music Room, Library & Reading Room, and Games & Billiards Room found at Vox, as well as the Sky Lobby and Dining Room & Kitchen at 50 at Wellesley Station, so entertainment-heavy renters may find the peer set more aligned with their preferences. This package best serves wellness-oriented professionals aged 28 to 45 who prioritize post-work recovery, a private sauna, and a rooftop social space over a full indoor pool or media suite.