Citygate II — Rental Market Data

Citygate II has four active listings as of August 31, 2026, with asking rents ranging from $2,500 to $3,150 per month, an average of $2,875, and a median of $2,925. The average suite size across these listings is 899 square feet at an asking rate of $3.26 per square foot. Two-bedroom units dominate the active inventory at 50 percent of available listings, while the remaining half splits between a single one-bedroom-plus-den and a single two-bedroom-plus-den, giving the current mix a lean toward compact entry-level and mid-size layouts rather than large executive suites.

The dominant active layout at Citygate II is the two-bedroom, with two listings representing 50 percent of available inventory at an average asking rent of $2,925 per month, 850 square feet, and $3.48 per square foot. The one-bedroom-plus-den tier carries one listing at $2,500 per month on 750 square feet ($3.33 per square foot), and the two-bedroom-plus-den tier also holds one listing at $3,150 per month on 1,144 square feet ($2.75 per square foot). Each of the den-inclusive tiers is a single listing, so renters in those categories face zero alternative options within the building.

Citygate II's active asking rents span from a minimum of $2,500 to a peak of $3,150 per month, a dollar spread of $650 and a percentage spread of 26 percent. The median asking rent sits at $2,925 per month. The entry-level suite is a one-bedroom-plus-den at 750 square feet priced at $3.33 per square foot, while the peak listing is a two-bedroom-plus-den at 1,144 square feet carrying a lower rate of $2.75 per square foot, reflecting the premium attached to smaller, denser layouts in the current inventory.

Active den premiums at Citygate II cannot be reliably quantified from the current four-listing sample, as the data does not support a clean paired comparison between den and non-den units of equivalent bedroom count. Parking stall costs likewise cannot be isolated with confidence; the available paired data is flagged as an unreliable outlier or insufficient sample, so no specific monthly parking fee should be assumed. Renters should request itemized parking and den add-on pricing directly from the leasing office before signing a lease.

Citygate II's average asking rent of $2,875 per month exceeds the Mississauga City Centre submarket average of $2,771, yet the building's asking rate of $3.26 per square foot is 10.4 percent below the submarket asking benchmark of $3.64 per square foot. The nominal rent premium is explained by suite sizing: Citygate II's active listings average 899 square feet, and the per-square-foot comparison reveals a more competitive rate than the broader market despite the higher monthly figure. The building represents four out of 242 available listings in the Mississauga City Centre submarket, or roughly 1.7 percent of total active inventory.

Citygate II's average realized lease rent of $2,765 per month over the trailing year runs $243 above the four-comp benchmark of $2,522, a gap driven by the subject's larger suite footprints rather than a higher unit rate. ONYX Condominiums & Lofts at 223 Webb Dr (0.07 km, 16 closed leases) averaged $2,414 per month at $3.38 per square foot across 723 square feet, meaning Citygate II commands a $351 higher monthly rent while offering 183 more interior square feet. Citygate I at 3939 Duke of York Blvd (0.09 km, 5 closed leases) realized $2,600 per month at $3.20 per square foot over 826 square feet, a $165 differential with the subject providing 80 additional square feet. Solstice Condominiums at 225 Webb Dr (0.12 km, 12 closed leases) closed at $2,498 per month, $3.22 per square foot, and 784 square feet, leaving Citygate II $267 higher in total rent with 122 more square feet. Ovation at City Centre I at 3880 Duke of York Blvd (0.15 km, 19 closed leases) averaged $2,576 per month at $3.17 per square foot across 837 square feet, a $189 spread with the subject delivering 69 additional square feet. All four competitors recorded active lease volume, so each provides a realized pricing benchmark rather than a zero-transaction reference.

Citygate II leases at $3.09 per square foot across an average 906-square-foot suite, a rate that sits below every active competitor in the pocket while delivering the largest interior footprint of the group. Against ONYX Condominiums & Lofts, the subject trades at a $0.29 per square foot (8.6%) discount while providing 183 more interior square feet, so the $351 higher monthly rent reflects a substantially larger unit rather than a premium rate. Citygate I charges $3.20 per square foot, and the subject offers a $0.11 per square foot (3.4%) discount with 80 additional square feet, producing a $165 total-rent differential that is purely a volume effect. Solstice Condominiums at $3.22 per square foot sees the subject trade at a $0.13 per square foot (4.0%) discount with 122 more square feet, and Ovation at City Centre I at $3.17 per square foot shows the subject offering a $0.08 per square foot (2.5%) discount with 69 additional square feet. In every pairing, the nominal rent premium is a footprint story: renters at Citygate II pay more in total because they get more space, not because the building commands a higher per-square-foot valuation.

Citygate II's 18-amenity package includes two features absent from all four nearby competitors—a putting green and EV charging stations—giving the building a distinct lifestyle edge in this tight cluster. The subject's squash and racquetball court overlaps with Citygate I and Solstice Condominiums, while its shuttle service matches Citygate I, and its car wash bay appears at ONYX and Ovation. What sets Citygate II apart is the combination of an outdoor putting green for casual recreation, dedicated EV charging infrastructure for growing electric-vehicle ownership, a children's playground shared with Citygate I and Ovation, and a full aquatic suite (indoor pool, hot tub, sauna/steam) that all four competitors also carry. The building targets cost-conscious professionals and young families in Mississauga City Centre who want a broad recreational and convenience package—fitness, aquatic, social, and outdoor play—without paying the per-square-foot premium that smaller-footprint peers like ONYX or Solstice embed into their rents.