Parkway Place III — Rental Market Data

Parkway Place III has one active listing as of August 31, 2026, asking $2,250 per month with both the average and median rent at that same figure. The available suite measures 400 square feet and carries an asking rate of $5.63 per square foot. This single listing represents a 100 percent one-bedroom share, meaning the current inventory is limited to a compact entry-level layout with no two- or three-bedroom options on the market.

The sole active listing at Parkway Place III is a one-bedroom unit, accounting for 100 percent of available inventory. That single suite asks $2,250 per month across 400 square feet, producing a rate of $5.63 per square foot. No other bedroom tiers are currently listed, so renters seeking two- or three-bedroom configurations must look to the broader Mississauga West submarket for alternatives.

With only one unit listed at Parkway Place III, the minimum and maximum asking rents are both $2,250 per month, resulting in a zero-dollar and zero-percent spread. The entry-level and peak suite are the same 400-square-foot one-bedroom at $5.63 per square foot, so there is no internal price gradient to navigate. Renter pricing flexibility at this address is therefore determined entirely by negotiation rather than tier selection.

Den premiums at Parkway Place III cannot be quantified from the current active inventory, as the sole listed unit does not include a separate den configuration and no paired comparison data exists. Parking stall costs likewise cannot be reliably isolated; the available sample is either an anomalous outlier or too small to produce a dependable monthly figure, so no specific parking add-on should be assumed when budgeting for this building.

Parkway Place III's active asking rent of $2,250 per month sits $435 below the Mississauga West submarket average asking rent of $2,685, while the building's $5.63 per square foot rate runs 55.1 percent above the submarket asking benchmark of $3.63 per square foot. The lower nominal rent reflects the active suite's 400-square-foot footprint, which is 340 square feet smaller than the submarket implied average of 740 square feet, meaning renters are paying a higher per-square-foot price for a more compact layout. Parkway Place III represents one out of 47 available listings in the Mississauga West submarket as of August 31, 2026.

Parkway Place III's average realized lease rent of $2,217 per month sits $369 below the four-comp benchmark of $2,586, with every active competitor pricing above the subject. Parkway Place I (2565 Erin Centre Blvd, 0.04 km, 2 closed leases) averaged $2,625 per month at $3.41 per square foot over 825 square feet; Parkway Place II (2585 Erin Centre Blvd, 0.1 km, 2 closed leases) averaged $2,800 per month at $3.12 per square foot over 900 square feet. The two 2025 deliveries show stronger volume: Kindred Condos (2495 Eglinton Ave W, 0.39 km, 25 closed leases) averaged $2,492 per month at $3.60 per square foot over 699 square feet, and The Kith (2485 Eglinton Ave W, 0.48 km, 19 closed leases) averaged $2,426 per month at $3.81 per square foot over 653 square feet. No competitor in this set recorded zero lease transactions, so all four provide realized rent benchmarks rather than architectural-only references.

Parkway Place III leases at $3.82 per square foot over an average 583-square-foot suite, a rate that commands a premium over every active nearby competitor while the smaller footprint keeps the total monthly outlay lower than each peer. Against Parkway Place I, the subject trades at a $0.41 per square foot (12.0%) premium but provides 242 fewer interior square feet, so the $408-per-month rent gap is driven by the 825-versus-583-square-foot footprint difference rather than a weaker asset valuation. Parkway Place II widens that trade-off: the subject commands a $0.70 per square foot (22.4%) premium yet delivers 317 fewer square feet, producing a $583-per-month nominal discount that reflects the 900-square-foot average suite at the comp. The 2025 builds compress the spread—Kindred Condos shows a $0.22 per square foot (6.1%) subject premium with 116 fewer square feet ($275 lower rent), and The Kith a near-parity $0.01 per square foot (0.3%) premium with 70 fewer square feet ($209 lower rent). In every case the subject's lower headline rent is a square-footage effect, not a rate concession.

Parkway Place III fields a twelve-item amenity program anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, tennis and pickleball court, library and reading room, rooftop terrace, and gazebo—a full aquatic-wellness and leisure package that distinguishes it from both the 2025 Eglinton Avenue deliveries and its own sister towers. Kindred Condos and The Kith, despite their 2025 completion dates, offer no indoor pool, no hot tub or jacuzzi, and no sauna or steam room; their wellness programming is limited to a gym, yoga studio (Kindred), or an outdoor walking track (The Kith). The Library & Reading Room and the Gazebo are absent from all four competitors, giving Parkway Place III a quiet-work and outdoor-adjacent amenity that no nearby peer replicates. Parkway Place I shares most of the subject's core list but lacks the Meeting Room, Rooftop Terrace, and Gazebo, while Parkway Place II adds a BBQ Area but omits the Library & Reading Room and Gazebo. This aquatic-wellness-plus-quiet-space package best serves mid-career professionals and small households in Mississauga West who prioritize a full-service resort-style lifestyle—pool, spa, court sports, and a dedicated reading or meeting space—over the outdoor-playground-and-pet-wash programming that defines the newer 2025 builds.