The Elm — Rental Market Data

The Elm features 3 active listings as of August 31, 2026, spanning a price range of $2,930 to $5,030 per month with an average rent of $3,910 per month and a median rent of $3,770 per month. Average square footage across current inventory is 800 square feet, achieving an asking rate of $4.98 per square foot. Dominant layout share is distributed evenly at 33.3 percent each across 1-Bedroom, 2-Bedroom, and 3-Bedroom+ options, providing balanced inventory across compact entry-level suites and larger multi-bedroom layouts.

The 1-Bedroom, 2-Bedroom, and 3-Bedroom+ layouts each represent the dominant active layout tiers, with 1 listing each and an individual inventory share percentage of 33.3 percent. The 1-Bedroom tier features an average rent of $2,930 per month, an average square footage of 550 square feet, and an asking rate of $5.33 per square foot. The 2-Bedroom tier records an average rent of $3,770 per month across 750 square feet at $5.03 per square foot, while the 3-Bedroom+ tier commands $5,030 per month across 1,100 square feet at $4.57 per square foot.

The Elm exhibits a minimum entry rent of $2,930 per month and a peak asking rent of $5,030 per month, generating a dollar spread of $2,100 per month or a 71.7 percent spread. Median asking rent sits at $3,770 per month. The entry-level suite consists of a 1-Bedroom layout spanning 550 square feet at an asking rate of $5.33 per square foot, whereas the peak suite comprises a 3-Bedroom+ layout spanning 1,100 square feet at an asking rate of $4.57 per square foot.

The Elm has no active den premium data available, as den square footage delta and marginal cost metrics are null. Active parking premium data cannot be reliably isolated due to an insufficient sample or anomalous outlier status. Consequently, active parking fees cannot be reliably reported for current listings.

The Elm records an average asking rent of $3,910 per month at $4.98 per square foot, comparing against the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot. Higher nominal monthly rents are driven by more expansive suite sizing alongside an asking rate per square foot that stands 14.2 percent above the submarket asking benchmark, with the building representing a 1.6 percent share of total submarket active inventory.

The Elm compares directly against a micro-market comp average of $2,434 per month, utilizing benchmark properties such as Jazz at 167 Church Street, 88 North at 77 Shuter St, and 88 Queen at 88 Queen St E. Jazz (built in 2006, 0.06 km away) recorded an average lease rent of $2,173 per month at $4.37 per square foot across an average of 498 square feet. 88 North (built in 2020, 0.09 km away) achieved an average lease rent of $2,372 per month at $4.28 per square foot across 564 square feet. 88 Queen (built in 2025, 0.07 km away) reported an average lease rent of $2,758 per month at $4.09 per square foot across 673 square feet. The Ledbury (built in 2024, 0.03 km away) currently has 0 active lease transactions recorded in the review window.

The Elm provides a modern value proposition anchored by its 2023 construction year and purpose-built rental management, positioning itself competitively against surrounding high-rise stock. Renters exploring this Downtown East micro-market evaluate trade-offs between older, more compact footprints like Jazz (498 square feet at $4.37 per square foot) and larger, newly completed alternatives such as 88 Queen (673 square feet at $4.09 per square foot). Choosing The Elm allows tenants to secure contemporary building finishes and energy-efficient layouts without taking on the dated mechanical infrastructure or smaller functional layouts common in older downtown towers.

The Elm delivers an extensive lifestyle and amenity package that surpasses typical downtown developments by integrating wellness, recreation, and work-from-home facilities. Signature features at The Elm include an outdoor pool, a spin studio, a dedicated basketball court, ski and snowboard and F1 race car simulators, and an on-site early childhood education centre. This robust offering stands out when compared to older peers like Jazz, which offers basic amenities such as a gym, party room, and zip car availability, and newer rivals like 88 North, which features an outdoor pool, gym, and cabanas. The property best serves urban professionals and modern households seeking comprehensive on-site wellness, recreation, and family support services within a single purpose-built rental community.