Platinum Towers I — Rental Market Data

Platinum Towers I carries four active listings as of August 31, 2026, spanning a price range of $2,300 to $3,500 per month with an average asking rent of $2,963 and a median of $3,025. The average suite on the market measures 963 square feet at an asking rate of $3.14 per square foot, and the inventory leans toward multi-bedroom executive layouts, with 2-Bedroom + Den units accounting for half of available stock. The remaining two listings are compact entry-level suites: one 1-Bedroom at 700 square feet and one 1-Bedroom + Den at 750 square feet.

The dominant active layout at Platinum Towers I is the 2-Bedroom + Den, with two units representing 50 percent of available inventory at an average asking rent of $3,500 per month across 1,200 square feet and a rate of $2.94 per square foot. The 1-Bedroom tier holds one listing at $2,300 per month for 700 square feet ($3.29 per square foot), and the 1-Bedroom + Den tier also holds one listing at $2,550 per month for 750 square feet ($3.40 per square foot). Each of the two smaller tiers is a single-listing situation, meaning renters in those categories face zero alternative options within the building.

Platinum Towers I's active asking rents range from a $2,300 entry point to a $3,500 peak, producing a $1,200 spread or 52.2 percent differential across the four available units. The median asking rent sits at $3,025 per month. The entry-level suite is a 1-Bedroom measuring 700 square feet at $3.29 per square foot, while the peak offering is a 2-Bedroom + Den spanning 1,300 square feet at a more efficient $2.69 per square foot.

Platinum Towers I carries a verified den premium of $250 per month for an additional 50 square feet of space, equating to a marginal cost of $5.00 per square foot for the extra den area. Active parking premiums cannot be reliably isolated from the current listing sample due to insufficient paired data, though historical lease records confirm a verified parking add-on of $75 per month.

Platinum Towers I's average asking rent of $2,963 per month exceeds the North York City Centre submarket asking benchmark of $2,753 by roughly $210, yet the building's rate of $3.14 per square foot undercuts the submarket asking rate of $3.84 per square foot by 18.2 percent. The nominal rent premium is fully explained by suite size: active listings average 963 square feet, well above the compact footprints that drive the submarket's higher per-square-foot figure. Platinum Towers I accounts for four out of 216 available listings in the North York City Centre submarket, a 1.8 percent share of total active inventory.

Platinum Towers I's all-time average realized lease rent of $2,765 per month sits $325 below the four-comp benchmark of $3,090, with the spread driven primarily by the subject's smaller suite footprints rather than a weaker per-unit rate. Platinum XO at 18 Spring Garden Ave (0.07 km, 8 closed leases) averaged $2,988 per month at $3.30 per square foot across 919 square feet, meaning the subject trades $223 lower in nominal rent. Pearl Place at 4955 Yonge St (0.07 km, 27 closed leases) realized $2,543 per month at $4.13 per square foot on 628 square feet, placing the subject $222 higher in total monthly rent. Pearl Condominiums at 35 Hollywood Ave (0.07 km, 11 closed leases) averaged $2,930 per month at $3.65 per square foot across 808 square feet, with the subject $165 lower. Hollywood Plaza I at 18 Hollywood Ave (0.11 km, 3 closed leases) commanded $3,900 per month at $4.60 per square foot on 1,063 square feet, leaving the subject $1,135 below that legacy benchmark.

Platinum Towers I offers a $3.57 per square foot rate on 796 average square feet, trading at a discount below three of four active nearby competitors while commanding a premium over Platinum XO, positioning it as a mid-scale value play in the North York City Centre pocket. Against Platinum XO (0.07 km), the subject commands a $0.27 per square foot (8.2%) premium yet provides 123 fewer interior square feet, so the $223 lower nominal rent reflects the smaller footprint rather than a weaker per-unit valuation. Versus Pearl Place (0.07 km), the subject trades at a $0.56 per square foot (13.6%) discount while delivering 168 more interior square feet; the $222 higher total rent is therefore a function of the larger suite, not a higher rate per unit. Compared with Pearl Condominiums (0.07 km), the subject offers a $0.08 per square foot (2.2%) discount and 12 fewer square feet, a near-parity trade where both rate and size are marginally below the competitor. Against Hollywood Plaza I (0.11 km), the subject trades at a $1.03 per square foot (22.4%) discount and provides 267 fewer interior square feet, making the $1,135 rent gap a combined effect of both lower per-unit pricing and a meaningfully smaller interior.

Platinum Towers I fields an 11-feature amenity suite anchored by a bowling alley, indoor pool, hot tub and jacuzzi, sauna and steam room, gym, media and theatre room, games and billiards room, library, meeting room, party and lounge room, and concierge with security—a package that overlaps heavily with its immediate peers but differentiates on the recreational side. The bowling alley is absent from Pearl Place, Pearl Condominiums, and Hollywood Plaza I, giving the subject a distinct leisure hook shared only with Platinum XO. Conversely, Pearl Place offers a rooftop terrace, BBQ area, and dining room and kitchen that the subject lacks, while Pearl Condominiums adds a business centre, dining room and kitchen, and card room not found at 23 Hollywood Ave. Hollywood Plaza I includes a shared laundry room and business centre absent from the subject's list, and Platinum XO carries a yoga studio the subject does not. The subject's package—emphasizing aquatic wellness (pool, jacuzzi, sauna), active recreation (bowling, billiards, gym), and social gathering (theatre room, party lounge, library)—best serves the 25-to-40 professional renter who prioritizes on-site entertainment and fitness over outdoor terrace living or dedicated remote-work infrastructure.