Merci Le Condominium — Rental Market Data

Merci Le Condominium has two active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,500 per month, an average of $2,400, and a median of $2,400. The two available suites average 650 square feet at a combined asking rate of $3.76 per square foot. One unit is a one-bedroom and the other is a one-bedroom-plus-den, so the active inventory splits evenly between compact entry-level and den-equipped layouts rather than concentrating in multi-bedroom executive tiers.

The dominant active layout at Merci Le Condominium is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $2,300 per month across 550 square feet and a rate of $4.18 per square foot. The remaining 50 percent is a single one-bedroom-plus-den unit listed at $2,500 per month across 750 square feet at $3.33 per square foot. Both tiers are single-listing samples, so neither tier offers a comparative spread within its category.

Merci Le Condominium's active asking rents span $2,300 to $2,500 per month, a $200 spread representing 8.7 percent of the entry price. The median asking rent sits at $2,400 per month, splitting the range cleanly. The entry-level suite is a one-bedroom at 550 square feet priced at $4.18 per square foot, while the peak listing is a one-bedroom-plus-den at 750 square feet priced at $3.33 per square foot, so the higher nominal rent on the den unit reflects its 200-square-foot size advantage rather than a per-square-foot premium.

Merci Le Condominium's active den premium is $200 per month for an additional 200 square feet of space, equating to a marginal cost of $1.00 per square foot for the den add-on. Active parking premiums cannot be reliably isolated from the current listing sample due to insufficient paired data or anomalous outliers, so no verified monthly parking figure can be quoted for the two available units.

Merci Le Condominium's active asking average of $2,400 per month at $3.76 per square foot sits below the Don Valley North submarket asking benchmark of $2,635 per month at $3.89 per square foot. The 3.3 percent per-square-foot discount reflects the building's 650-square-foot average suite, which is 27 square feet smaller than the submarket implied average of 677 square feet, so the lower nominal rent is a footprint effect rather than a value gap. The building holds two of the 260 active listings in the submarket, or roughly 0.8 percent of total available inventory.

Merci Le Condominium's average realized lease rent of $2,242 per month sits $527 below the four-comp benchmark of $2,769, a gap driven primarily by the subject's 592-square-foot average suite versus the 831-square-foot comp average. The Bayview – Tower at 23 Rean Dr (0.08 km, 2 closed leases) averaged $3,500 per month at $3.10 per square foot across 1,175 square feet, meaning the subject trades at a $1,258 lower monthly rent. Vida Condos at 621 Sheppard Ave E (0.1 km, 11 closed leases) averaged $2,252 per month at $3.89 per square foot across 604 square feet, placing the subject just $10 below that figure. NY2 at 18 Rean Dr (0.1 km, 4 closed leases) averaged $2,375 per month at $3.90 per square foot across 619 square feet, with the subject $133 lower. The Bayview – Manor House at 15 Rean Dr (0.12 km, 2 closed leases) averaged $2,950 per month at $3.19 per square foot across 925 square feet, leaving the subject $708 below that mark. All four competitors recorded closed lease transactions over the trailing 180 days, so each provides a realized pricing reference rather than a listing-only data point.

Merci Le Condominium leases at $3.79 per square foot across an average 592-square-foot suite, a rate that undercuts the submarket leased benchmark of $3.88 per square foot by roughly 0.8 percent while offering 27 fewer square feet than the submarket implied average of 677 square feet. Against Vida Condos (11 closed leases, $3.89 per square foot, 604 sq ft), the subject trades at a $0.10 per square foot discount and provides 12 fewer interior square feet, a near-identical footprint with a marginally lower rate. Against NY2 (4 closed leases, $3.90 per square foot, 619 sq ft), the subject trades at a $0.11 per square foot discount and provides 27 fewer interior square feet. The trade-off sharpens against the two Bayview towers: The Bayview – Tower (2 closed leases, $3.10 per square foot, 1,175 sq ft) sees the subject command a $0.69 per square foot premium while providing 583 fewer interior square feet, and The Bayview – Manor House (2 closed leases, $3.19 per square foot, 925 sq ft) shows the subject commanding a $0.60 per square foot premium with 333 fewer interior square feet. In both Bayview cases, the lower nominal monthly rent is entirely a function of the smaller interior footprint rather than a weaker asset valuation; per-unit-area pricing actually favours the subject.

Merci Le Condominium offers a 12-item amenity suite that includes a Business Centre and a Fire Feature—two lifestyle elements absent from all four nearby competitors—alongside a Gym & Fitness Centre, Rooftop Terrace, BBQ Area, Cafe, and Garden & Courtyard. The Bayview – Tower and The Bayview – Manor House each feature an Indoor Pool, Sauna & Steam Room (Tower only), and a Library & Reading Room that the subject does not provide, while Vida Condos and NY2 offer a Shared Laundry Room and a Dining Room & Kitchen or Sports Bar & Restaurant not present at the subject. The subject's distinguishing package centres on the Business Centre for remote-work and meeting needs, the Fire Feature as a social gathering anchor, and the combined Rooftop Terrace plus BBQ Area plus Cafe trio that creates an outdoor lifestyle loop absent from both Bayview towers. This amenity mix best serves young professionals and small households who prioritize flexible workspaces, casual social dining, and low-maintenance outdoor recreation over resort-style aquatic or spa facilities.