The Imperial II — Rental Market Data

The Imperial II carries two active listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,200 per month, an average of $2,700, and a median of $2,700. The two available suites average 800 square feet at a combined asking rate of $3.38 per square foot, split evenly between one one-bedroom and one two-bedroom unit. Inventory is balanced across entry-level and multi-bedroom tiers rather than skewing toward compact studio or executive layouts, with each tier represented by a single listing.

The dominant active layout at The Imperial II is the one-bedroom tier, holding one of two available units and a 50 percent inventory share. The one-bedroom asks $2,200 per month on 650 square feet at $3.38 per square foot, while the two-bedroom lists at $3,200 per month on 950 square feet at $3.37 per square foot. Both tiers are single-listing samples, so no tier offers a comparative selection within The Imperial II itself.

The Imperial II spans a $1,000 asking spread from a $2,200 entry point to a $3,200 peak, a 45.5 percent range across its two active units. The median asking rent sits at $2,700 per month, anchoring the midpoint of the spread. The entry-level one-bedroom offers 650 square feet at $3.38 per square foot, while the peak two-bedroom provides 950 square feet at $3.37 per square foot, meaning the larger suite delivers an additional 300 square feet for a $1,000 monthly premium.

Den premiums at The Imperial II cannot be quantified from current active listings, as no paired den-versus-no-den comparison exists in the available sample. Parking stall costs are similarly unconfirmed; the active parking data is flagged as unreliable due to an anomalous outlier or insufficient paired sample, and no verified monthly premium can be quoted. Renters should request a direct parking add-on figure from the leasing office before committing to a lease.

The Imperial II asks an average of $2,700 per month at $3.38 per square foot, compared to the North York City Centre submarket asking benchmark of $2,742 per month and $3.88 per square foot. The building trades 12.9 percent below the submarket asking rate per square foot, a discount driven by its 800-square-foot average footprint exceeding the 707-square-foot submarket implied mean by 93 square feet. The Imperial II represents two out of 232 active listings in the North York City Centre submarket, or roughly 0.9 percent of total available inventory.

The Imperial II's average realized lease rent of $3,038 per month runs $472 above the four-comp benchmark of $2,566, placing it at the top of this immediate Doris Avenue and Norton Avenue pocket. The spread is driven entirely by suite size rather than rate: The Imperial I (256 Doris Ave, 0.06 km, four closed leases) averaged $2,400 per month at $3.43 per square foot across 700 square feet; Bravo Condominiums (26 Norton Ave, 0.08 km, 14 closed leases) averaged $2,622 per month at $3.60 per square foot across 736 square feet; The Majestic II (18 Parkview Ave, 0.10 km, three closed leases) averaged $2,967 per month at $3.10 per square foot across 967 square feet; and Ellie Condos (15 Ellerslie Avenue, 0.14 km, 41 closed leases) averaged $2,273 per month at $4.40 per square foot across 532 square feet. Because every competitor in this set recorded at least one closed lease over the trailing 180 days, each provides a realized rent benchmark rather than a listing-only reference.

The Imperial II leases at $3.20 per square foot across an average 950-square-foot suite, a combination that undercuts the comp average of $3.63 per square foot and 734 square feet while delivering the highest nominal rent in the set at $3,038 per month. Against The Imperial I, the subject trades at a $0.23 per square foot (6.7%) discount while providing 250 more interior square feet, so the $638-per-month rent premium is a footprint effect, not a rate premium. Versus Bravo Condominiums, the subject offers a $0.40 per square foot (11.1%) discount and 214 additional square feet, yet still commands $416 more per month because the larger interior absorbs the lower unit rate. The Majestic II is the one comp where the subject carries a $0.10 per square foot (3.2%) premium, but the suite is 17 square feet smaller, keeping the monthly gap to just $71. Ellie Condos presents the steepest contrast: the subject trades at a $1.20 per square foot (27.3%) discount and provides 418 more square feet, yet rents $765 higher per month because Ellie's 532-square-foot units are fundamentally compact. In every case, the nominal rent differential tracks interior footprint rather than asset valuation per unit of space.

The Imperial II offers a six-item amenity suite—Concierge & Security, Gym & Fitness Centre, Sauna & Steam Room, Party & Lounge Room, Meeting Room, and Pet Care Station—that is leaner than its 2013-to-2025 peers but includes one feature no nearby competitor matches: a dedicated Pet Care Station. The Imperial I shares five of the subject's six amenities but omits the Pet Care Station, while Bravo Condominiums, The Majestic II, and Ellie Condos each layer on additional lifestyle facilities such as indoor pools, rooftop terraces, BBQ areas, media or theatre rooms, games and billiards rooms, and library spaces that The Imperial II does not provide. The subject's package therefore trades breadth for targeted utility: a working professional who keeps a dog and wants a sauna, gym, and meeting room without paying for a pool deck or rooftop lounge will find the 1999-built building's focused amenity set and 950-square-foot interiors a practical fit, particularly at a per-square-foot rate that sits below three of the four nearby alternatives.