Phoenix — Rental Market Data

Phoenix features 10 active listings as of August 31, 2026, spanning a price range of $2,300 to $3,999 per month, with an average asking rent of $2,740 per month and a median asking rent of $2,650 per month. Active listings average 685 square feet with an asking rate of $4.09 per square foot, and 2-bedroom floor plans dominate the inventory at a 60% share.

The dominant active layout at Phoenix is the 2-bedroom configuration, accounting for 6 active listings and a 60% inventory share. Two-bedroom units average $2,733 per month with a median of $2,675 per month across an average of 733 square feet at $3.73 per square foot, while 1-bedroom suites comprise 2 listings representing a 20% share at an average of $2,300 per month across 475 square feet at $4.97 per square foot. The remaining inventory consists of a single 1-bedroom plus den listing occupying a 10% share at $2,400 per month across 550 square feet at $4.36 per square foot, alongside a single 2-bedroom plus den listing holding a 10% share at $3,999 per month across 950 square feet at $4.21 per square foot.

Phoenix presents a minimum entry rent of $2,300 per month and a peak asking rent of $3,999 per month, establishing a dollar spread of $1,699 per month and a percentage spread of 73.9%. Median asking rent stands at $2,650 per month, with the entry-level tier represented by a 1-bedroom suite spanning 400 square feet at an asking rate of $5.75 per square foot, while the peak tier is anchored by a 2-bedroom plus den layout spanning 950 square feet at an asking rate of $4.21 per square foot.

Phoenix carries an active den premium of $100 per month for an additional 75 square feet of interior space. This extra den area prices out at a marginal cost of $1.33 per square foot, while active parking premium data cannot be reliably isolated due to an insufficient sample.

Phoenix asks an average rent of $2,740 per month at $4.09 per square foot, which trails the Mimico submarket asking benchmark of $3,313 per month and $4.43 per square foot. The lower nominal asking rent reflects more compact suite sizing rather than cheaper unit pricing, with the building's asking rate per square foot tracking 7.7% below the submarket average while capturing 19.6% of active submarket inventory.

Phoenix averages $2,442 per month in realized lease rents, trading below the overall competitive set average of $2,818 per month when evaluated against benchmarks like Lofts at Mystic Pointe, Sunset at California Condos, Skylofts at Mystic Pointe, and Tides at Mystic Pointe. Lofts at Mystic Pointe (300 Manitoba St) reports an average lease rent of $2,825 per month at $2.94 per square foot across an average of 975 square feet. Skylofts at Mystic Pointe (250 Manitoba St) achieves an average lease rent of $3,120 per month at $3.21 per square foot across an average of 999 square feet. Tides at Mystic Pointe (185 Legion Rd N) logs an average lease rent of $2,936 per month at $3.68 per square foot across an average of 826 square feet. Finally, Sunset at California Condos (165 Legion Rd N) records an average lease rent of $2,389 per month at $4.13 per square foot across an average of 598 square feet.

Phoenix offers a competitive value proposition characterized by a realized lease rate of $3.93 per square foot and an average suite size of 625 square feet, positioning it below the submarket's average asking rate of $4.43 per square foot. Renters at Phoenix trade down in total interior footprint compared to older area inventory like Skylofts at Mystic Pointe (999 square feet at $3.21 per square foot) and Lofts at Mystic Pointe (975 square feet at $2.94 per square foot), while securing modern construction efficiencies, contemporary interior layouts, and lower overall utility burdens. Against mid-generation peers like Tides at Mystic Pointe (826 square feet at $3.68 per square foot), Phoenix provides newer finishes at a closely aligned rate per square foot. Furthermore, Phoenix offers a more competitive rate per square foot than Sunset at California Condos (598 square feet at $4.13 per square foot), providing slightly more room at $3.93 per square foot.

Phoenix delivers an extensive, contemporary lifestyle and amenity profile that matches or exceeds the offerings found across competing Mimico properties. Signature amenities at Phoenix include a concierge and security service, an outdoor pool, a dedicated yoga studio alongside a gym and fitness centre, a pet wash station, and a rooftop terrace. When contrasted with nearby peers, Phoenix provides modern wellness and pet-focused features that outpace older properties like Skylofts at Mystic Pointe, which offers a gym, sauna, party room, meeting room, rooftop terrace, BBQ area, squash court, hot tub, and dog run but lacks contemporary additions like a dedicated pet wash and yoga studio. Similarly, Lofts at Mystic Pointe features a squash court, hot tub, and rooftop terrace, while Tides at Mystic Pointe and Sunset at California Condos include indoor and outdoor pools, squash courts, and running tracks. The robust amenity package at Phoenix particularly appeals to young professionals and pet owners seeking modern building infrastructure and integrated fitness spaces.