Arc Condominiums - Erin Mills 2 — Rental Market Data

Arc Condominiums – Erin Mills 2 carries five active listings as of August 31, 2026, spanning $1,450 to $3,400 per month with an average asking rent of $2,520 and a median of $2,400. The average active suite measures 815 square feet at $3.09 per square foot, and the dominant layout is the 1-Bedroom + Den at 60 percent of available inventory. Current listings lean toward compact entry-level and mid-tier suites rather than multi-bedroom executive configurations, with only two of the five units offering two bedrooms or more.

The 1-Bedroom + Den layout leads active inventory with three units representing 60 percent of available suites, averaging $2,067 per month across 708 square feet at $2.96 per square foot. The 2-Bedroom tier holds a single listing at $3,400 per month for 1,000 square feet at $3.40 per square foot, while the 2-Bedroom + Den tier also carries one unit at $3,000 per month for 950 square feet at $3.16 per square foot. Renter choice is therefore concentrated in the one-bedroom-plus-den segment, with the two-bedroom options each representing a single transaction.

Arc Condominiums – Erin Mills 2 shows an active asking spread of $1,950 per month, or 134.5 percent, between the entry-level unit at $1,450 and the peak listing at $3,400. The median asking rent sits at $2,400 per month, anchoring the mid-range of the five available suites. The entry-level option is a 1-Bedroom + Den at 750 square feet and $1.93 per square foot, while the peak unit is a 2-Bedroom at 1,000 square feet and $3.40 per square foot, reflecting a 250-square-foot footprint premium between the two extremes.

Arc Condominiums – Erin Mills 2 does not currently support a quantified den premium, as no reliable paired sample exists to isolate the marginal cost per square foot of additional den space. Active parking stall premiums likewise cannot be reliably isolated from the available data, and no specific monthly parking fee should be assumed when budgeting for a unit at this address. Renters should request itemized parking and den charges directly from the leasing office before signing a lease.

Arc Condominiums – Erin Mills 2 asks an average of $2,520 per month at $3.09 per square foot, compared to the Mississauga West submarket asking benchmark of $2,685 per month and $3.63 per square foot. The building's per-square-foot rate runs 14.9 percent below the submarket asking average, a gap that is partly explained by the 815-square-foot active suite footprint being larger than typical submarket listings, which compresses the nominal monthly figure despite competitive density pricing. The building accounts for five out of 47 active listings in the Mississauga West submarket, or roughly 10.6 percent of total available inventory.

Arc Condominiums – Erin Mills 2 realized an average lease rent of $2,550 per month over the trailing year, landing $77 below the four-comp benchmark of $2,627 and slightly above the Mississauga West submarket average of $2,605. Against Erin Mills (2560 Eglinton Ave W, 0.05 km, 15 closed leases at $2,460 average, $3.67 per square foot, 678 sq ft), the subject commands a $90-per-month higher rent. The Kith (2485 Eglinton Ave W, 0.16 km, 19 closed leases at $2,426 average, $3.81 per square foot, 653 sq ft) shows the subject trading $124 higher per month. At the other end, Erin Square – Tower A (4655 Metcalfe Ave, 0.25 km, 16 closed leases at $2,877 average, $3.43 per square foot, 853 sq ft) carries a $327-per-month premium over the subject, and Erin Square – Tower B (4675 Metcalfe Ave, 0.25 km, 13 closed leases at $2,744 average, $3.56 per square foot, 776 sq ft) sits $194 above the subject's realized rent. All four comparables posted active closed-lease volume, so each figure reflects genuine transactional pricing rather than a zero-transaction reference.

Arc Condominiums – Erin Mills 2 leases at $3.41 per square foot with an average 766-square-foot suite, placing it at a rate-per-area discount to every active competitor in this pocket and below the four-comp average of $3.62 per square foot. Versus Erin Mills, the subject trades at a $0.26-per-square-foot (7.1%) discount while providing 88 more interior square feet, meaning the $90 higher nominal rent is driven entirely by the larger footprint rather than a rate premium. The Kith extends that trade-off: the subject offers a $0.40-per-square-foot (10.5%) discount and 113 more square feet, so the $124 higher monthly figure reflects additional interior area, not a per-area markup. Against the two Erin Square towers, the dynamic reverses—Tower A's 853-square-foot plan is 87 square feet larger than the subject's, and the subject trades at a marginal $0.02-per-square-foot (0.6%) discount; Tower B's 776-square-foot suite is 10 square feet larger, with the subject at a $0.15-per-square-foot (4.2%) discount. In every pairing, the subject's lower rate per square foot is the consistent thread, and the nominal rent variance tracks directly to suite size rather than asset-level valuation.

Arc Condominiums – Erin Mills 2 fields a 14-item amenity program that includes an indoor pool, basketball court, library and reading room, and a public plaza—features that collectively distinguish it from at least two of its four immediate competitors. The indoor pool is absent from both Erin Mills and The Kith, giving the subject a clear aquatic-wellness edge over those two closer peers, while the basketball court is not offered at Erin Mills or either Erin Square tower. The library and reading room, present here and at Erin Square – Tower B, is missing from Erin Mills and The Kith, and the public plaza has no counterpart in any of the four comparables. The Kith counters with a pet wash station, EV charging, tennis and pickleball court, and a walking track that the subject does not list, and the Erin Square towers add an outdoor pool, sauna and steam room, yoga studio, and dining room. The subject's package—indoor aquatic access, court-sport recreation, a dedicated reading space, and an open public plaza—best serves families and active professionals who prioritize on-site recreation and communal gathering areas over the wellness-spa or pet-infrastructure themes emphasized by the 2022 and 2025 competitors.