Nuvo 1 — Rental Market Data

Nuvo 1 has three active rental listings as of August 31, 2026, with asking rents ranging from $2,100 to $2,400 per month, an average of $2,267, and a median of $2,300. The average suite size across current listings is 500 square feet at an asking rate of $4.64 per square foot. Inventory is dominated by one-bedroom-plus-den configurations at 66.7 percent of available units, with the remaining third occupied by a single standard one-bedroom, meaning the active pool leans toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Nuvo 1 is the one-bedroom-plus-den, with two units available and a 66.7 percent share of current inventory, averaging $2,350 per month at 475 square feet and $5.06 per square foot. The standard one-bedroom tier holds one listing at 33.3 percent share, asking $2,100 per month for 550 square feet at $3.82 per square foot. No two-bedroom or larger units are currently available for rent.

Nuvo 1's active asking rents span from a minimum of $2,100 to a peak of $2,400 per month, a dollar spread of $300 and a percentage spread of 14.3 percent. The median asking rent sits at $2,300 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $3.82 per square foot, while the peak asking unit is a one-bedroom-plus-den also at 550 square feet but commanding $4.36 per square foot, reflecting the den configuration premium within the same footprint.

Nuvo 1 carries an active den premium of $250 per month, with a square footage delta of negative 75 square feet relative to the comparable non-den unit, meaning the den configuration adds cost without adding measurable floor area. The marginal cost per additional square foot for den space cannot be reliably calculated from the current sample. Parking stall premiums cannot be reliably isolated from current listings due to insufficient paired data, and no verified parking fee benchmark exists in the historical lease record.

Nuvo 1's average asking rent of $2,267 per month at $4.64 per square foot compares to the Bronte submarket asking benchmark of $3,042 per month at $3.76 per square foot. The building's nominal rent is $775 lower than the submarket average, yet its per-square-foot rate runs 23.4 percent above the area benchmark, a variance fully explained by Nuvo 1's compact suite sizing averaging 500 square feet versus the larger units that anchor submarket pricing. The building holds three of the 48 active listings in the Bronte submarket, representing approximately 6.3 percent of total available inventory.

Nuvo 1's average closed-lease rent of $2,272 per month sits $121 below the four-comparable average of $2,393, positioning it as a mid-range option in the Bronte micro-market. Nuvo 2 at 2333 Khalsa Gate leases at $2,246 per month ($3.71 per square foot, 609 sq ft), The Bronte at 3005 Pine Glen Rd at $2,133 per month ($3.45 per square foot, 620 sq ft), The Branch at 2450 Old Bronte Rd at $2,288 per month ($3.62 per square foot, 646 sq ft), and WM Westmount at 2475 Old Bronte Road at $2,906 per month ($3.65 per square foot, 800 sq ft). Nuvo 1 undercuts WM Westmount by $634 per month while matching its per-square-foot rate, and it edges out The Branch by just $16 per month despite offering 11 fewer square feet.

Nuvo 1 leases at $3.65 per square foot for an average 635-square-foot suite, a rate that sits at parity with the submarket leased benchmark of $3.61 per square foot and slightly above the four-comp average of $3.61. Against Nuvo 2 (609 sq ft at $3.71/SF), the subject offers 26 additional square feet at a $0.06-per-square-foot discount, making it the more space-efficient choice in that pairing. Versus The Bronte (620 sq ft at $3.45/SF), Nuvo 1 commands a $0.20-per-square-foot premium for 15 extra square feet, a trade-off renters accept for the expanded amenity deck. Against The Branch (646 sq ft at $3.62/SF), the subject trades at a modest $0.03-per-square-foot premium while providing 11 fewer square feet, a near-parity exchange. WM Westmount (800 sq ft at $3.65/SF) offers 165 more square feet at the identical per-square-foot rate, appealing to renters who prioritize footprint over amenity breadth.

Nuvo 1's 18-amenity package is the most sport- and recreation-heavy in the Bronte cluster, distinguishing it from both the leaner The Bronte and the more business-oriented WM Westmount. The Mini Putt Area is exclusive to Nuvo 1 among all four comparables, offering a casual social space no competitor replicates. The Tennis & Pickleball Court and Basketball Court appear only at Nuvo 1 and its sister building Nuvo 2, leaving The Bronte, The Branch, and WM Westmount without dedicated court sports. The Golf Simulator is likewise shared only with Nuvo 2, absent from the other three competitors. The Spin Studio gives Nuvo 1 a dedicated cycling space that The Bronte, The Branch, and WM Westmount do not offer. Together, this recreation-forward stack—courts, simulator, spin studio, and mini putt—serves active professionals and young families in Bronte who want resort-style fitness and social play without leaving the building.