The Quarters — Rental Market Data

The Quarters carries one active listing as of August 31, 2026, priced at $5,500 per month with both average and median rents at that single figure. The unit spans 650 square feet at an asking rate of $8.46 per square foot. The 100 percent layout share is a two-bedroom configuration, placing the available inventory squarely in the mid-range tier rather than compact entry-level or multi-bedroom executive formats.

The sole active listing at The Quarters is a two-bedroom unit, representing 100 percent of available inventory as a single listing. That one unit asks $5,500 per month across 650 square feet, yielding a rate of $8.46 per square foot. No other bedroom tiers are currently on the market at this building.

The Quarters presents a single active listing at $5,500 per month, meaning the minimum and maximum asking rents are identical with a dollar spread of zero and a percentage spread of zero. The median asking rent also sits at $5,500. The entry-level and peak suite are the same two-bedroom unit at 650 square feet and $8.46 per square foot, so no tier differentiation exists in the current active inventory.

The Quarters' active den premium and associated square footage delta cannot be quantified from the available data, as no paired den versus non-den listings exist in the current sample. Parking stall costs likewise cannot be reliably isolated, with the data flagged as an unreliable outlier or insufficient paired sample, so no specific monthly parking figure can be quoted to renters.

The Quarters' active asking rent of $5,500 per month and rate of $8.46 per square foot both sit well above the Downtown East submarket benchmarks of $2,636 per month and $4.36 per square foot respectively. The 94 percent premium on a per-square-foot basis reflects the building's positioning at the upper end of the neighborhood, though the active suite's 650 square feet is 45 square feet larger than the submarket implied average of 605 square feet, which partially explains the higher nominal rent. The Quarters accounts for one out of 192 available listings in the Downtown East submarket.

The Quarters' average realized lease rent of $3,833 per month sits $1,261 above the four-comp benchmark of $2,572, a gap driven entirely by the building's expansive 1,767-square-foot suites rather than a per-square-foot premium. 250 Jarvis (250 Jarvis Street, 0.03 km, 2 closed leases) averaged $2,600 per month at $2.77 per square foot across 940 square feet, meaning the subject commands $1,233 more per month. Prime (319 Jarvis Street, 0.06 km, 80 closed leases) averaged $2,298 per month at $4.42 per square foot over 526 square feet, with the subject running $1,535 higher in total rent. T.O. Condominium (117 Gerrard Street East, 0.08 km, 1 closed lease) recorded $2,300 per month at $3.54 per square foot across 650 square feet—a single-transaction sample that limits its benchmarking weight—placing the subject $1,533 above. Metropolitan Essex (298 Jarvis Street, 0.19 km, 5 closed leases) averaged $3,090 per month at $3.23 per square foot over 970 square feet, with the subject $743 higher in nominal rent.

The Quarters trades at $2.17 per square foot, a discount of roughly $1.32 per square foot below the four-comp average of $3.49, while delivering 1,767 square feet of interior space—nearly double the 772-square-foot comp average. Against 250 Jarvis, the subject offers a $0.60 per square foot discount (21.7% below the comp's $2.77 rate) and provides 827 more interior square feet. Versus Prime, the discount widens to $2.25 per square foot (50.9% below Prime's $4.42 rate), with the subject supplying 1,241 additional square feet over Prime's 526-square-foot average. T.O. Condominium shows a $1.37 per square foot discount (38.7% below its $3.54 rate) and 1,117 more square feet for the subject. Metropolitan Essex carries a $1.06 per square foot discount (32.8% below its $3.23 rate) and 797 more square feet. In every case the higher nominal rent is a function of the building's significantly larger suite footprint, not a per-square-foot valuation premium; a renter choosing The Quarters over any of these competitors gains 797 to 1,241 additional square feet of living area while paying less per square foot.

The Quarters provides no common lifestyle or recreational facilities, operating as a no-frills residential building with an empty amenity profile. Every nearby competitor, by contrast, offers a curated suite of shared spaces: 250 Jarvis includes a gym, sauna, concierge, and shared laundry; Prime delivers a 14-feature package spanning a rooftop terrace, yoga studio, dog run, pet wash station, putting green, business centre, and media room; T.O. Condominium features an indoor hot tub, rooftop terrace, garden courtyard, and games room; and Metropolitan Essex anchors its offering with an indoor pool, squash court, and rooftop terrace. The subject's zero-amenity model strips out the recurring cost burden that typically inflates rents in amenity-rich buildings, redirecting value into raw interior square footage. This profile best serves cost-conscious professionals and small households who prioritize a large, private living area over shared recreational infrastructure and are willing to forgo on-site gyms, pools, and social spaces in exchange for a lower per-square-foot rate and a simpler, low-maintenance building operation.