Montage (Cityplace) — Rental Market Data

Montage (Cityplace) holds three active rental listings as of August 31, 2026, with asking rents ranging from $2,400 to $2,595 per month, an average of $2,498, and a median of $2,500. Suites average 617 square feet at an asking rate of $4.08 per square foot, and 100 percent of current inventory is 1-Bedroom + Den layouts. The active mix leans squarely toward compact entry-level-plus suites rather than multi-bedroom executive configurations, reflecting the building's dominant lease history in the same tier.

The sole active layout at Montage (Cityplace) is the 1-Bedroom + Den, accounting for all three listings and 100 percent of current inventory. This tier averages $2,498 per month across 617 square feet, translating to $4.08 per square foot, with a median asking rent of $2,500. No other bedroom tier currently has available units, making this a single-tier selection for prospective renters.

Montage (Cityplace) offers active rents from $2,400 to $2,595 per month, a dollar spread of $195 and a percentage spread of 8.1 percent. The median asking rent sits at $2,500 per month. The entry-level suite is a 1-Bedroom + Den at 650 square feet priced at $3.69 per square foot, while the peak asking unit is also a 1-Bedroom + Den at 650 square feet but listed at $3.99 per square foot, indicating that the spread reflects unit-specific features or floor positioning rather than a size differential.

Montage (Cityplace) does not currently have a quantified den premium, as the active den dollar amount and square-footage delta are unreported in the listing data. A verified parking premium of $145 per month applies to active listings, while historical leases established a lower benchmark of $66 per month for a parking stall. Renters should note that the active parking add-on is more than double the rate seen in recent closed leases, suggesting either a repricing of parking or a shift in which units include parking in the base rent.

Montage (Cityplace) asks an average of $2,498 per month at $4.08 per square foot, compared to the CityPlace / Fort York submarket asking benchmark of $3,101 per month at $4.58 per square foot. The building's asking rate per square foot runs 10.9 percent below the submarket average, and because both the nominal rent and the per-square-foot rate are lower, the competitive pricing is not an artifact of compact suite sizing. Montage's three active listings represent approximately 2 percent of the 148 total active listings across the submarket, positioning it as a small but price-competitive option in a tighter neighborhood inventory.

Montage (Cityplace) leases at an average of $2,752 per month, which is $175 below the four-comp average of $2,927 and $64 below the CityPlace / Fort York submarket benchmark of $2,818. Neo (Cityplace) at 4K Spadina Ave reports an average closed-lease rent of $2,593 per month at $4.10 per square foot for 644-square-foot suites, making it the most affordable option in the set. Luna at Cityplace – Podium, LTD & Villas at 8 Telegram Mews averages $2,981 per month at $3.89 per square foot for 778-square-foot units, N Tower (Cityplace) at 15 Fort York Blvd commands $3,278 per month at $4.89 per square foot for 745-square-foot suites, and Luna Vista at 25 Capreol Crt sits at $2,854 per month at $4.01 per square foot for 724-square-foot units. Montage's $2,752 average therefore lands between Neo and Luna Vista in absolute dollar terms while offering a per-square-foot rate that is competitive across the board.

Montage (Cityplace) leases at $4.18 per square foot for an average 663-square-foot suite, positioning it at a slight premium over Neo (Cityplace) at $4.10 per square foot and Luna Vista at $4.01 per square foot, yet at a meaningful discount below N Tower (Cityplace) at $4.89 per square foot. Against Luna Podium, the subject trades at $4.18 per square foot versus $3.89, a 7.5% premium, but tenants receive 115 fewer square feet of interior space (663 vs. 778), so the absolute monthly rent is actually $229 lower than Luna Podium's $2,981 average. Compared with N Tower, the subject offers 82 fewer square feet (663 vs. 745) at a $0.71-per-square-foot discount, translating to a $526-per-month savings on average. For renters prioritizing lower total outlay over maximum square footage, Montage delivers a mid-range per-square-foot rate with a compact but functional 663-square-foot footprint that undercuts the larger, pricier alternatives in this micro-market.

Montage (Cityplace) differentiates itself in the CityPlace cluster through a wellness-and-creative amenity stack that no single competitor replicates in full. The building's dedicated Music Room is unique to the set—Neo (Cityplace) offers a Karaoke Room and Dance Floor instead, while Luna Podium, N Tower, and Luna Vista provide neither. The Tai Chi Deck is likewise exclusive to Montage, absent from all four comparables. A Rock Climbing Wall appears only at Montage and Neo, leaving Luna Podium, N Tower, and Luna Vista without any climbing facility. An Indoor Kids' Play Room is available at Montage, Luna Podium, and Luna Vista but missing from both Neo and N Tower, and a Yoga Studio is offered at Montage alongside three of the four competitors yet absent from N Tower. Together, these five signature features—Music Room, Tai Chi Deck, Rock Climbing Wall, Indoor Kids' Play Room, and Yoga Studio—position Montage as the strongest fit for active young professionals and small families who want on-site creative outlets, low-impact fitness options, and child-friendly programming without stepping outside the building.