Eden Park Towers - Building A — Rental Market Data

Eden Park Towers – Building A realized an average lease rent of $2,663 per month over its full leasing history, sitting $18 above the four-competitor benchmark of $2,645 per month. Eden Park Towers – Building B (253 South Park Rd, 0.06 km, 3 closed leases) averaged $2,783 per month at $3.05 per square foot across 950 square feet, meaning the subject trades at a $120-per-month lower rent than its sister tower. Eden Park Towers – Building C (273 South Park Rd, 0.1 km, 6 closed leases) averaged $2,608 per month at $3.33 per square foot across 810 square feet, placing the subject $55 per month higher. The Tower I (25 Times Ave, 0.15 km, 1 closed lease) averaged $2,800 per month at $2.55 per square foot across 1,100 square feet, with the subject $137 per month lower. Parkview Tower I (39 Galleria Pkwy, 0.16 km, 5 closed leases) averaged $2,388 per month at $3.42 per square foot across 720 square feet, where the subject commands a $275-per-month higher rent. All four competitors recorded at least one closed lease in the trailing 180-day window, so each provides a realized pricing reference rather than a zero-transaction architectural placeholder.

Eden Park Towers – Building A leases at $3.25 per square foot across an average 838-square-foot suite, positioning it between the comp set's $3.09 per square foot average and the submarket's $3.52 per square foot benchmark, with a footprint roughly 57 square feet below the comp mean of 895. Against Eden Park Towers – Building B, the subject trades at a $0.20 per square foot (6.6%) premium while providing 112 fewer interior square feet; the $120-per-month lower nominal rent is driven entirely by that smaller footprint rather than a weaker per-unit valuation. Versus Eden Park Towers – Building C, the subject offers a $0.08 per square foot (2.4%) discount and 28 more interior square feet, so the $55-per-month higher rent reflects the additional space rather than a rate premium. The Tower I presents the sharpest contrast: the subject commands a $0.70 per square foot (27.5%) premium yet delivers 262 fewer square feet, meaning the $137-per-month lower rent is a direct function of the compact 838-square-foot layout against The Tower I's 1,100-square-foot plans. Parkview Tower I shows the subject at a $0.17 per square foot (5.0%) discount with 118 more interior square feet, so the $275-per-month higher rent is explained by the larger suite rather than a per-unit rate advantage.

Eden Park Towers – Building A offers an eight-feature lifestyle package including an indoor pool, sauna and steam room, gym and fitness centre, media and theatre room, games and billiards room, library and reading room, party and lounge room, and concierge with security. The two sister towers extend that base with a meeting room and rooftop terrace (Building B) or add a dining room and kitchen alongside the rooftop terrace (Building C), features absent from Building A's floor plan. The Tower I, built in 2002, carries a leaner six-amenity profile with no indoor pool, no library, and no sauna, while Parkview Tower I substitutes a BBQ area for the library and reading room found at the subject. The library and reading room is a distinguishing feature at Eden Park Towers – Building A that neither The Tower I nor Parkview Tower I provides, and the absence of a dedicated meeting room or rooftop terrace differentiates it from both Eden Park sister buildings. This package best serves cost-conscious young professionals and small families in Markham West who prioritize aquatic and wellness facilities, a quiet reading environment, and social gathering space without paying the premium associated with rooftop terraces or full-service dining kitchens at adjacent towers.