The Chelsea — Rental Market Data

The Chelsea at 24 Augusta Street has one active listing as of August 31, 2026, asking $1,970 per month with both the average and median rent at that same figure. The available unit spans 665 square feet at an asking rate of $2.96 per square foot, and the 100 percent layout share is a one-bedroom configuration. With only a single compact entry-level suite on the market, there is no multi-bedroom or executive inventory to compare against, and the listing represents the entirety of current availability at this address.

The sole active layout at The Chelsea is a one-bedroom unit, accounting for 100 percent of available inventory with a single listing at $1,970 per month. That unit measures 665 square feet and carries an asking rate of $2.96 per square foot, positioning it as a compact entry-level offering. No two-bedroom, three-bedroom, or den-included configurations are currently listed, so renters seeking larger footprints must look to the broader Central Hamilton submarket.

The Chelsea's active pricing spread is effectively zero, with both the minimum and maximum asking rent at $1,970 per month across a single listing. The entry-level suite is a one-bedroom at 665 square feet and $2.96 per square foot, and because there is only one unit on the market, the peak asking rent is identical. Renters evaluating this building should note that the $1,970 figure represents the full range of current availability, with no tiered pricing to compare across different bedroom counts or sizes.

The Chelsea does not have a quantified den premium or square-footage delta for den-included suites, as no such configurations are currently listed among active inventory. Parking stall costs also cannot be reliably isolated from the available data, with the paired sample flagged as insufficient to produce a meaningful monthly add-on figure. Prospective renters should request direct confirmation of any parking or den-related charges from the leasing office before signing a lease.

The Chelsea's active asking rent of $1,970 per month sits $56 below the Central Hamilton submarket average asking rent of $2,026, while its rate of $2.96 per square foot runs 0.7 percent above the submarket asking benchmark of $2.94 per square foot. The nominal rent advantage reflects the building's more compact 665-square-foot suite footprint compared to the broader submarket mix, rather than a discount on the per-square-foot rate. The Chelsea represents one out of 197 active listings in Central Hamilton, a share of roughly 0.5 percent of total available inventory.

The Chelsea's average realized lease rent of $2,503 per month exceeds the four-comp benchmark of $1,519 per month by $984, reflecting the building's larger suite footprints and 2024 construction. Chateau Royale at 135 James St S (0.09 km, nine closed leases) averaged $2,102 per month at $2.54 per square foot across 870 square feet, placing The Chelsea $401 higher on a monthly basis. 156 James S at 156 James Street S (0.1 km, three closed leases) averaged $1,200 per month at $3.34 per square foot over just 338 square feet, a $1,303 gap driven almost entirely by the subject's 511-square-foot size advantage. The Oscar on Bold at 27 Bold Street (0.18 km, one closed lease) averaged $1,575 per month at $2.17 per square foot across 727 square feet, leaving The Chelsea $928 higher monthly. 133 John Street S at 133 John Street S (0.19 km, one closed lease) also averaged $1,200 per month at $3.00 per square foot over 400 square feet, a $1,303 differential again rooted in the subject's 449-square-foot larger interior.

The Chelsea leases at $2.96 per square foot across an average 849-square-foot suite, positioning it above the comp average of $2.76 per square foot and 584 square feet while remaining below the Central Hamilton submarket leased rate of $3.09 per square foot. Against Chateau Royale, The Chelsea commands a $0.42 per square foot (16.5 percent) premium while providing 21 fewer interior square feet, meaning the higher monthly rent reflects genuine per-area value rather than a size advantage. Versus 156 James S, the subject trades at a $0.38 per square foot (11.4 percent) discount while delivering 511 more interior square feet; the $1,303 higher nominal rent is a footprint effect, not a rate premium. The Oscar on Bold presents the widest per-area gap: The Chelsea commands a $0.79 per square foot (36.4 percent) premium and still provides 122 more square feet, so both rate and size compound the $928 monthly difference. Against 133 John Street S, the subject offers a marginal $0.04 per square foot (1.3 percent) discount with 449 additional square feet, again making the higher headline rent a function of interior volume rather than unit pricing.

The Chelsea provides a five-feature lifestyle package—Rooftop Terrace, Gym & Fitness Centre, Concierge & Security, Community Wide Wi-Fi, and Recycling—that outperforms three of its four nearby competitors on common-area breadth. The building's Gym & Fitness Centre is entirely absent from 156 James S (zero amenities), The Oscar on Bold (Rooftop Terrace, BBQ Area, Concierge only), and 133 John Street S (Shared Laundry Room), while Community Wide Wi-Fi appears in no competitor's amenity list. Chateau Royale remains the sole peer with a broader offering, adding Sauna & Steam Room, Hot Tub & Jacuzzi, Games & Billiards Room, Yoga Studio, Garden & Courtyard, and a Dog Run that The Chelsea does not match. The Chelsea's package—rooftop social space, on-site fitness, 24-hour concierge security, and building-wide connectivity—targets young professionals and small households in Central Hamilton who prioritize a low-maintenance, tech-enabled daily routine over resort-style recreation, and who will trade away the spa and entertainment depth of a 2005-era tower for newer construction, larger interior footprints, and a streamlined lifestyle infrastructure.