Meridian Residences II — Rental Market Data

Meridian Residences II features 5 active listings as of August 31, 2026, offering a monthly price range of $2,450 to $2,950 per month with an average asking rent of $2,600 per month and a median asking rent of $2,550 per month. Available suites average 650 square feet with an asking rate of $4.02 per square foot. 1-Bedroom + Den configurations dominate the available supply with an 80% share, indicating that current inventory heavily leans toward compact entry-level suites rather than large-format executive apartments.

1-Bedroom + Den configurations represent the dominant active layout at Meridian Residences II, accounting for 4 active listings and an 80% share of the available inventory. This primary tier averages $2,513 per month across 625 square feet at an asking rate of $4.04 per square foot. The remaining inventory consists of a single 2-Bedroom listing representing a 20% share, asking $2,950 per month across 750 square feet at a rate of $3.93 per square foot.

Meridian Residences II features a minimum entry rent of $2,450 per month and a peak asking rent of $2,950 per month, creating a dollar spread of $500 or a 20.4% spread across current inventory. The median asking rent sits at $2,550 per month. Entry-level availability is anchored by 1-Bedroom + Den suites averaging 550 square feet at an asking rate of $4.45 per square foot, while the peak tier is represented by 2-Bedroom units spanning 750 square feet at $3.93 per square foot.

Active den premium dollar amounts and square footage deltas cannot be reliably isolated for Meridian Residences II from current listing data. Parking premium data is similarly inconclusive due to an insufficient paired sample, preventing the reliable isolation of vehicle stall costs from asking rents. Consequently, specific luxury positioning or extreme parking fee figures cannot be quoted for available suites.

Meridian Residences II asks an average of $2,600 per month at $4.02 per square foot, comparing against the broader North York City Centre submarket asking benchmark of $2,753 per month at $3.84 per square foot. The lower nominal monthly rent relative to the submarket average is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot exceeds the submarket benchmark by 4.7% while representing 2.3% of the submarket's active inventory.

Meridian Residences II achieves an average lease rent of $2,698 per month, aligning closely with the overall competitive benchmark average of $2,666 per month across key local properties such as Meridian Residences I, Sonata, The Continental - North Building, and C-Condominiums. Meridian Residences I at 15 Greenview Ave recorded 13 closed leases with an average rent of $2,873 per month, a rate of $3.53 per square foot, and an average size of 831 square feet. Sonata at 7 Lorraine Dr logged 2 closed leases averaging $2,550 per month at $3.19 per square foot across 800 square feet. The Continental - North Building at 509 Beecroft Rd reported 6 closed leases averaging $2,642 per month at $3.38 per square foot across 783 square feet. C-Condominiums at 503 Beecroft Rd posted 1 closed lease at $2,600 per month, reflecting $3.47 per square foot across 750 square feet.

Meridian Residences II commands an average leased rate of $3.56 per square foot across an average footprint of 771 square feet, positioning its value proposition slightly above mid-century averages in exchange for modern layout efficiency and strong building upkeep. Renters evaluate trade-offs between paying a modest premium for the building's 2008 construction quality versus opting for larger, older footprints in the immediate area. Specifically, Meridian Residences II trades at a $0.03 per square foot (0.8%) premium over Meridian Residences I while offering 60 fewer square feet. Compared to Sonata, the subject building trades at a $0.37 per square foot (11.6%) premium while providing 29 fewer square feet. Against The Continental - North Building, the subject building trades at a $0.18 per square foot (5.3%) premium with 12 fewer square feet. Conversely, against C-Condominiums, the subject building trades at a $0.09 per square foot (2.6%) premium while providing 21 more square feet.

Meridian Residences II delivers a comprehensive lifestyle and amenity package that matches or exceeds the offerings of surrounding mid-2000s towers in North York City Centre. The property features 5 signature amenities including an indoor pool, hot tub and jacuzzi, sauna and steam room, a golf simulator, and a games and billiards room, which complement standard staples like concierge security and a fitness centre. When contrasted with nearby peers, Meridian Residences II matches the indoor pools and fitness facilities found at Meridian Residences I and C-Condominiums, while outperforming buildings like Sonata and The Continental - North Building by incorporating recreational additions such as the golf simulator and dedicated games room. This robust amenity infrastructure best serves urban professionals and downsizers seeking an active, resort-style condominium environment without leaving the building.