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Market Data as of August 31, 2026

Emporium II - North Tower — Rental Market Data

2480 Prince Michael Dr, Oakville, Ontario L6H 0H1
Quick Rent Estimate
Active Suites1 Available
Type
Units
Avg Rent
1-Bedroom
1
$2,250

Building Summary & Rental Market Overview

Rental market analytics and building profile as of August 31, 2026.

Building TypeCondominium
Year Completed2015
Total Suites254
DeveloperAshley Oaks Homes

Emporium II – North Tower at 2480 Prince Michael Drive in Oakville's North submarket is a 254-suite residential building completed in 2015 by Ashley Oaks Homes. As of August 31, 2026, a single unit is actively listed, placing availability at 0.4 percent of the total suite count. Leasing activity has been modest: one lease closed in the trailing 30 days at an average of $2,400 per month with a seven-day time on market, while three leases closed over the past 90 days averaging $2,600 per month and an eleven-day DOM.

The active asking rent of $2,250 per month translates to $3.46 per square foot across a 650-square-foot one-bedroom layout. That rate per square foot sits above the 90-day realized lease average of $2.85 per square foot, even though the nominal monthly figure is lower than the 90-day realized average of $2,600 per month. The divergence is driven by footprint: the current listing is 650 square feet compared to the 975-square-foot average across all tracked historical leases, meaning the active suite is materially more compact. Against the broader Oakville North submarket asking benchmark of $3.62 per square foot, Emporium II – North Tower's active rate is 4.4 percent lower, positioning it as a modestly competitive option on a per-square-foot basis.

Marketing friction warrants attention. The single active listing has sat on market for 45 days, nearly double the submarket average of 24 days, signaling leasing deceleration despite zero delisted or expired units in the tracking window. Inventory depth is effectively nonexistent beyond this one unit: the entire active portfolio consists of a single one-bedroom, leaving no multi-bedroom or den-equipped alternatives for renters seeking larger footprints. Prospective tenants should monitor the building's historical lease benchmarks and the 80 other active listings across Oakville North for comparable options.

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Active Rental Inventory & Asking Rates

Current market availability, asking prices, and unit price histories at Emporium II - North Tower as of August 31, 2026 (comparing August 2026 vs July 2026).

Active Units1
0
Avg Asking Rent$2,250
$0
Avg Suite Size650 sf
0 sf
Avg Days on Market45d
+31d (221.4%)
Avg Asking $/SF$3.46
$0.00

Active Market Insights & Questions

How has rental availability changed at Emporium II - North Tower recently?

Emporium II – North Tower has one unit actively listed as of August 31, 2026, with a single asking rent of $2,250 per month serving as both the average and median. The available suite spans 650 square feet at an asking rate of $3.46 per square foot. This one-bedroom represents 100 percent of active inventory, meaning the building's current availability is confined to a compact entry-level layout with no two-bedroom or den-equipped options on the market.

What floor plans and unit layouts are currently available at Emporium II - North Tower?

The sole active listing at Emporium II – North Tower is a one-bedroom unit, accounting for 100 percent of available inventory. That single suite asks $2,250 per month across 650 square feet, equating to $3.46 per square foot. No other bedroom tiers—two-bedroom, three-bedroom, or den configurations—currently carry active listings, so renters seeking larger layouts must look to the broader Oakville North submarket.

What is the average asking rent and $/SF by suite size at Emporium II - North Tower?

Emporium II – North Tower's active pricing spread is $0, or 0 percent, because the single listed unit sets both the minimum and maximum asking rent at $2,250 per month. The median asking rent is likewise $2,250. The entry-level suite is a one-bedroom of 650 square feet priced at $3.46 per square foot, and because it is the only listing, it also serves as the peak offering with no larger or higher-priced alternative currently available.

How much extra do parking spaces and dens cost at Emporium II - North Tower?

Den premiums at Emporium II – North Tower cannot be quantified from current active data, as no den-equipped unit is listed and no paired sample exists to isolate the marginal cost per square foot of additional den space. Parking stall pricing is similarly unquoted; the available data is flagged as an unreliable outlier or insufficient paired sample, so no specific monthly parking fee can be stated with confidence.

How do asking rents at Emporium II - North Tower compare to local and municipal benchmarks?

Emporium II – North Tower's active asking rent of $2,250 per month and $3.46 per square foot both fall below the Oakville North submarket averages of $2,581 per month and $3.62 per square foot, respectively. The building's rate per square foot is 4.4 percent lower than the submarket asking benchmark, a gap partly explained by the 650-square-foot active suite being more compact than the larger layouts that anchor submarket averages. Emporium II – North Tower represents one out of 81 total active listings in the Oakville North submarket, a share of approximately 1.2 percent.

Recent Leased Transactions & Contract Prices

Recent lease transactions, absorption velocity, and the difference between landlord asking prices and actual prices agreed to by tenants at Emporium II - North Tower (Data period: For the month of August 2026).

Units Leased1
Avg Leased Price$2,400
Avg Leased Size975 sf
Avg Days to Lease7d
Leased $/SF$2.18

Leased Transaction Insights & Questions

How many suites were leased at Emporium II - North Tower last month, and how fast did they rent?

Emporium II – North Tower closed one lease in the trailing 30 days with a 7-day DOM, compared to an 11-day average across the 90-day window and a 24-day submarket benchmark. The 90-day window captured three closings at an 11-day average DOM, while the full one-year and lifetime records each total four leases at the same 11-day average. Leasing cadence has modestly accelerated in the most recent month, with the single August closing clearing in half the time of the 90-day norm, though the absolute volume remains thin at one deal per month.

What is the negotiation spread between asking rents and closed lease prices at Emporium II - North Tower?

Emporium II – North Tower leases settled on average at exactly 100% of asking price, with zero dollar variance and no annualized tenant savings or landlord revenue gain across the four tracked transactions. Every recorded lease closed at the listed rate, meaning neither side extracted measurable concession or premium in this small sample. The balanced negotiation profile suggests landlords are pricing at or near market-clearing levels rather than anchoring high and discounting at signing.

What are typical executed lease prices across different layouts at Emporium II - North Tower?

The 1-Bedroom + Den layout is the dominant leased tier at two closings (50% share), averaging $2,400 per month with a 9-day DOM. This is a limited sample of two transactions and serves as a directional reference only, not a broad statistical benchmark. The 2-Bedroom tier recorded one closing at $3,000 per month, $3.16 per square foot on 950 square feet, with a 14-day DOM; this is an individual single transaction and should not be treated as a market benchmark. The 2-Bedroom + Den tier also closed once at $3,200 per month, $2.91 per square foot on 1,100 square feet, with an 11-day DOM; likewise a single deal rather than a statistical norm.

What measurable rent premium did suites with parking achieve in closed leases at Emporium II - North Tower?

Emporium II – North Tower does not have a reliably isolable leased parking premium, as the paired data between bundled and unbundled suites is insufficient to calculate a defensible figure. The active listing also flags parking as an unreliable outlier or insufficient sample, so no parking dollar value can be quoted with confidence. Tenants should confirm whether parking is included in the suite rent or billed separately before signing, as the platform cannot verify a consistent premium from current transaction data.

How does the lease-to-listing ratio at Emporium II - North Tower reflect current tenant demand?

Emporium II – North Tower shows a downward nominal rent trajectory from $3,200 in May to $2,400 by August, though the rate per square foot tells a more nuanced story. May closed one deal at $3,200, $2.91 per square foot, 11-day DOM. June followed with one deal at $3,000, $3.16 per square foot, 14-day DOM. July recorded one deal at $2,400 but a higher $3.20 per square foot on a smaller footprint, 11-day DOM; the nominal drop reflects compact suite size rather than property devaluation. August closed one deal at $2,400 and $2.18 per square foot on a larger unit, 7-day DOM, indicating the lower rate-per-square-foot figure is driven by a bigger suite at the same dollar rent.

Historical Active Listings & Market Dynamics

Analyze availability, historical asking prices, price per foot ($/SF), and days on market over time. Use filters below to benchmark specific layouts.

Suite Filters
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Chart Metrics
Max 2 Plotted
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Left AxisAsking Price
Avg Asking Price
Right AxisUnits Available
Avg Units Available
Historical statistics trends for active listings
DateUnits AvailableAvg Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-271320011002.917
2026-04-281320011002.918
2026-04-291320011002.919
2026-04-301320011002.9110
2026-05-27130009503.16N/A
2026-05-28130009503.161
2026-05-29130009503.162
2026-05-30130009503.163
2026-05-31130009503.164
2026-06-01130009503.165
2026-06-02130009503.166
2026-06-03130009503.167
2026-06-04130009503.168
2026-06-05130009503.169
2026-06-06130009503.1610
2026-06-07130009503.1611
2026-06-08130009503.1612
2026-06-09130009503.1613
2026-07-14124007503.20N/A
2026-07-15124007503.201
2026-07-16124007503.202
2026-07-17223257003.332
2026-07-18223257003.333
2026-07-19223257003.334
2026-07-20223257003.335
2026-07-21223257003.336
2026-07-22223257003.337
2026-07-23223257003.338
2026-07-24223257003.339
2026-07-25122506503.468
2026-07-26122506503.469
2026-07-27122506503.4610
2026-07-28122506503.4611
2026-07-29122506503.4612
2026-07-30122506503.4613
2026-07-31122506503.4614
2026-08-01122506503.4615
2026-08-02122506503.4616
2026-08-03122506503.4617
2026-08-04223258752.829
2026-08-05223258752.8210
2026-08-06223258752.8211
2026-08-07223258752.8212
2026-08-08223258752.8213
2026-08-09223258752.8214
2026-08-10223258752.8215
2026-08-11122506503.4625
2026-08-12122506503.4626
2026-08-13122506503.4627
2026-08-14122506503.4628
2026-08-15122506503.4629
2026-08-16122506503.4630
2026-08-17122506503.4631
2026-08-18122506503.4632
2026-08-19122506503.4633
2026-08-20122506503.4634
2026-08-21122506503.4635
2026-08-22122506503.4636
2026-08-23122506503.4637
2026-08-24122506503.4638
2026-08-25122506503.4639
2026-08-26122506503.4640
2026-08-27122506503.4641
2026-08-28122506503.4642
2026-08-29122506503.4643
2026-08-30122506503.4644
2026-08-31122506503.4645

12-Month Market Dynamics & Trend Trajectory

Emporium II – North Tower realized an average lease rent of $2,750 per month and $2.86 per square foot across four lifetime transactions, positioning the building $324 above the Oakville North submarket average lease rent of $2,426 while carrying an 18.1% discount on rate per square foot relative to the submarket's $3.48 benchmark. The building's larger average suite size of 975 square feet explains the rent premium in absolute dollars, yet the per-square-foot pricing remains meaningfully below both the submarket lease average and the $3.62 submarket asking rate, suggesting tenants are securing more space per dollar than the broader Oakville North market offers. Pricing discipline at Emporium II – North Tower is clean: all four tracked leases closed at exactly 100% of asking price with zero dollar variance, producing no annualized tenant savings or landlord revenue gain. The negotiation leverage reads as balanced, with no pattern of landlords conceding below list or tenants paying a premium above it. In a market where submarket-wide asking rents sit at $2,581 and the building's active listing asks $2,250, the at-asking settlement pattern indicates landlords are calibrating list prices to clear quickly rather than anchoring high and negotiating down at the table.

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Historical building statistics - leased transactions

This section tracks completed leasing transactions over time starting from May 1, 2026. Use the filters below to refine the trends by unit type, parking, den, and price performance.

Property & transaction filters
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Latest leased insights and trends

Left AxisLeased Price
Avg Leased Price
Right AxisUnits Leased
Avg Units Leased
Historical statistics trends for leased transactions
DateUnits LeasedAvg Leased Price ($)Avg SqFt (SF)Avg PSF ($/SF)Avg DOM (Days)
2026-04-261320011002.9111
2026-05-030N/AN/AN/AN/A
2026-05-100N/AN/AN/AN/A
2026-05-170N/AN/AN/AN/A
2026-05-240N/AN/AN/AN/A
2026-05-310N/AN/AN/AN/A
2026-06-07130009503.1614
2026-06-140N/AN/AN/AN/A
2026-06-210N/AN/AN/AN/A
2026-06-280N/AN/AN/AN/A
2026-07-050N/AN/AN/AN/A
2026-07-120N/AN/AN/AN/A
2026-07-19124007503.2011
2026-07-260N/AN/AN/AN/A
2026-08-020N/AN/AN/AN/A
2026-08-091240011002.187

Nearby Building Rental Comparables & Price Spreads

Direct rental rate comparisons against residential properties in the immediate vicinity.

Emporium II – North Tower at 2480 Prince Michael Dr sits in a tightly clustered Oakville North pocket where all four nearby comparables recorded active lease volume over the trailing 180 days. The closest peer, Emporium at Joshua Creek – South Tower (2470 Prince Michael Dr, 0.09 km, completed 2013), closed 4 leases in that window. The Wilmot (1005 Dundas Street E, 0.54 km, completed 2026) logged the highest transaction count at 31 closed leases, followed by Clockwork at Upper Joshua Creek – Building 2 (3006 William Cutmore Blvd, 0.97 km, completed 2025) with 15 and The Post on Dundas (412 Silver Maple Rd, 0.96 km, completed 2025) with 11. The subject building, completed in 2015, occupies a mid-generation position: two years newer than its immediate South Tower neighbour but roughly a decade older than the three 2025–2026 arrivals that now dominate local leasing activity. Against the four-comp benchmark of $2,516 average rent, $3.46 per square foot, and 743 average square feet, Emporium II – North Tower's realized lease profile of $2,750 per month at $2.86 per square foot across 975 square feet tells a clear space-driven story. The subject's 254-suite tower delivers roughly 31 percent more interior footprint than the comp average, which compresses its per-square-foot rate well below the submarket leased benchmark of $3.48 per square foot. Tenants here are paying a modest premium in total monthly dollars but receiving a materially larger living area, making the building's value proposition one of square-footage generosity rather than rate efficiency. The 2015 build date also positions it as an established, fully occupied asset in a pocket where the newest inventory is still absorbing its first lease cycles.

2470 Prince Michael Dr, Oakville

Avg Asking$2,917/mo
Avg $/SF$3.24
Rent Spread:
+$667/mo (+29.6%) Higher

1005 Dundas Street E, Oakville

Avg Asking$2,298/mo
Avg $/SF$3.47
Rent Spread:
+$48/mo (+2.1%) Higher

412 Silver Maple Rd, Oakville

Avg Asking$2,325/mo
Avg $/SF$3.67
Rent Spread:
+$75/mo (+3.3%) Higher

3006 William Cutmore Blvd, Oakville

Avg Asking$2,448/mo
Avg $/SF$3.56
Rent Spread:
+$198/mo (+8.8%) Higher

1415 Dundas St E, Oakville

Avg Asking$2,585/mo
Avg $/SF$3.62
Rent Spread:
+$335/mo (+14.9%) Higher

335 Wheat Boom Dr, Oakville

Avg Asking$2,436/mo
Avg $/SF$3.52
Rent Spread:
+$186/mo (+8.3%) Higher

Comparable Analysis & Questions

How do rental rates at Emporium II - North Tower compare to neighbouring buildings within Oakville North?

Emporium II – North Tower's all-time average realized rent of $2,750 per month sits $234 above the four-comp benchmark of $2,516, driven primarily by its larger suite footprints rather than a per-square-foot premium. Emporium at Joshua Creek – South Tower (2470 Prince Michael Dr, 0.09 km, 4 closed leases) averaged $3,013 per month at $3.14 per square foot across 966 square feet, meaning the subject trades at a $263-per-month discount to that immediate neighbour. The Wilmot (1005 Dundas Street E, 0.54 km, 31 closed leases) realized $2,284 per month at $3.45 per square foot over 664 square feet, placing the subject $466 higher in nominal rent. The Post on Dundas (412 Silver Maple Rd, 0.96 km, 11 closed leases) averaged $2,330 per month at $3.67 per square foot across 651 square feet, with the subject commanding $420 more in total monthly rent. Clockwork at Upper Joshua Creek – Building 2 (3006 William Cutmore Blvd, 0.97 km, 15 closed leases) closed at $2,437 per month, $3.57 per square foot, and 689 square feet, leaving the subject $313 higher in nominal terms. All four comparables posted active lease transactions, so every figure above reflects realized pricing rather than asking-only data.

Does Emporium II - North Tower offer a competitive price-per-square-foot ($/SF) against local comparables?

Emporium II – North Tower leases at $2.86 per square foot across 975 average square feet, a rate that undercuts every active nearby competitor on a per-square-foot basis while delivering the largest interior footprint in the immediate peer set. Against Emporium at Joshua Creek – South Tower, the subject trades at a $0.28 per square foot (8.9 percent) discount and provides 9 more interior square feet, making it the clear value play for renters prioritizing space at a lower rate. Versus The Wilmot, the subject offers a $0.59 per square foot (17.1 percent) discount and 311 additional square feet; the $466 higher nominal rent is entirely a function of the larger footprint, not a valuation premium. The Post on Dundas shows the widest gap: the subject trades at a $0.81 per square foot (22.1 percent) discount while providing 324 more square feet, and the $420 rent differential reflects that extra living area. Clockwork at Upper Joshua Creek – Building 2 follows the same pattern with a $0.71 per square foot (19.9 percent) discount and 286 additional square feet behind the subject's $313 higher monthly figure. In every active comparison, the nominal rent variance is driven by interior footprint rather than asset valuation, and the subject consistently delivers more space at a lower rate per square foot.

How do building age, amenities, and developer reputation impact rent spreads?

Emporium II – North Tower fields a full aquatic-and-wellness amenity suite—indoor pool, outdoor pool, hot tub and jacuzzi, sauna and steam room—that no single competitor in this pocket replicates in its entirety. The Wilmot (1005 Dundas Street E), The Post on Dundas (412 Silver Maple Rd), and Clockwork at Upper Joshua Creek – Building 2 (3006 William Cutmore Blvd) each offer gym, meeting room, and party lounge facilities but include no swimming pool or hot tub of any kind; their lifestyle packages lean toward rooftop terraces, yoga studios, pet wash stations, and business centres instead. Emporium at Joshua Creek – South Tower (2470 Prince Michael Dr) is the only peer sharing the indoor and outdoor pool combination, yet it lacks the subject's dedicated hot tub and jacuzzi, EV charging station, and media/theatre room. The subject's 11-amenity profile—spanning concierge security, gym, dual pools, hot tub, sauna, meeting room, games and billiards room, and EV charging—positions it as a resort-style residential building in suburban Oakville. This package best serves family households and lifestyle-oriented professionals who want on-site aquatic recreation, wellness facilities, and flexible work spaces without venturing into downtown Toronto's compact, amenity-light inventory.

Building Amenities, Transit & Neighbourhood Features

Building amenities and neighbouring residential communities around Emporium II - North Tower.

Building Amenities

  • Concierge & Security
  • EV Charging Station
  • Gym & Fitness Centre
  • Indoor Pool
  • Outdoor Pool
  • Hot Tub & Jacuzzi
  • Sauna & Steam Room
  • Party & Lounge Room
  • Meeting Room
  • Media & Theatre Room
  • Games & Billiards Room

Data Methodology & Analytical Standards

How FastScreen aggregates public listing records, tracks active inventory, and calculates rental market metrics for Emporium II - North Tower.

Snapshot Dates & Benchmark Cadence

  • Standardized Snapshot: Market metrics reflect a standardized monthly snapshot locked as of August 31, 2026.
  • Benchmark Comparison Cadence: Month-over-month comparisons evaluate changes across standardized month-end reporting windows (August 2026 vs July 2026), ensuring consistent baseline periods and eliminating intra-month reporting volatility.
  • Point-in-Time Daily History: Daily charts capture point-in-time active listings available on any given calendar day.

Public Data Aggregation & Thresholds

  • Public Data Aggregation: FastScreen aggregates residential rental listing and completed lease transaction records from publicly available sources.
  • Threshold Filtering: All listings are subject to a minimum monthly rental threshold of $1,000 to filter out standalone storage lockers, private parking spaces, and misclassified commercial entries from condominium statistics.

Calculation Formulations

  • Average Asking Rent: Weighted average of active asking prices across available suites in the reporting period.
  • Price Per Square Foot ($/SF): Calculated by dividing rent by square footage only for listings that provide unit dimensions (suites without stated square footage are excluded from $/SF calculations).
  • Days on Market (DOM): Measures elapsed calendar days between the date a suite is first listed and either the benchmark snapshot date (for active listings) or the finalized date leased.
  • Parking & Den Differentials: Average asking rent differences between suites with vs. without parking, and suites with vs. without a den.

Data Limitations & Scope

  • Exclusively Public Records: Statistics are derived exclusively from publicly available rental listings and completed lease records. Private direct-to-landlord arrangements, unadvertised tenant renewals, and off-market rental agreements are not captured.
  • Agreed Contract Amounts: Reported lease amounts reflect agreed contract rents and do not account for private move-in allowances or individual unit renovations that may influence pricing spreads.

Disclaimer: The information and statistics presented on this page (including asking rents, lease prices, de-listed listings, average square footage, days on market, and implied suite premiums) are aggregated from public listing sources for general informational, educational, and reference purposes only. FastScreen does not guarantee the accuracy, completeness, or timeliness of any data shown. This information does not constitute financial, investment, legal, or professional real estate advice. Users should conduct their own independent research and consult with licensed professionals before making any rental, leasing, property management, or real estate investment decisions.