Scarborough Fair II — Rental Market Data

Scarborough Fair II achieves an average lease rent of $2,300 per month, positioning it competitively against the broader micro-market comp average of $2,444 per month across nearby properties including Scarborough Fair I, Merl Towers, 100 Prudential Drive Condos, and 301 Prudential Drive Condos. Direct peer Scarborough Fair I at 1470 Midland Ave reports an average lease rent of $2,500 per month, a rate of $3.08 per square foot, and an average square footage of 817 square feet across 3 closed leases. Merl Towers at 1385 Midland Avenue registers an average lease rent of $2,225 per month, a rate of $3.42 per square foot, and an average square footage of 650 square feet across 3 closed leases. Meanwhile, 100 Prudential Drive Condos at 100 Prudential Drive posts an average lease rent of $2,450 per month, a rate of $2.88 per square foot, and an average square footage of 850 square feet across 2 closed leases, and 301 Prudential Drive Condos at 301 Prudential Drive records an average lease rent of $2,600 per month, a rate of $2.74 per square foot, and an average square footage of 950 square feet across 1 closed lease.

Scarborough Fair II establishes its value proposition by offering a realized lease rate of $3.07 per square foot across an average footprint of 750 square feet, undercutting older high-rate alternatives while delivering more efficient square footage than compact 1960s builds. Renters evaluate trade-offs between modernized 1990s layouts with lower utility burdens and the compressed, higher-cost space found at Merl Towers, which leases at $3.42 per square foot across a smaller 650-square-foot average footprint. Conversely, buildings like 301 Prudential Drive Condos provide larger 950-square-foot layouts at a lower rate of $2.74 per square foot, requiring tenants to weigh higher absolute monthly rents against the superior layout efficiency and modern functional flow of Scarborough Fair II.

Scarborough Fair II delivers a robust, resort-style amenity package that aligns closely with its sister property while significantly outpacing unamenitized mid-century alternatives in the immediate micro-market. Residents enjoy five signature amenities including an indoor pool, hot tub and jacuzzi, sauna and steam room, rooftop terrace, and a gym and fitness centre, which directly contrast with the limited or absent recreational infrastructure found at older properties like Merl Towers. While peer buildings such as Scarborough Fair I feature similar wellness offerings like an indoor pool and sauna, and 100 Prudential Drive Condos provide standard party rooms and gym facilities, Scarborough Fair II elevates the resident experience with dedicated outdoor green space and social lounges. This comprehensive amenity profile particularly serves budget-conscious families and professionals seeking robust on-site wellness without paying downtown luxury premiums.