Eden Park Towers - Building C — Rental Market Data

Eden Park Towers – Building C realized an average lease rent of $2,608 per month over its full leasing history, sitting $34 above the four-comparable benchmark of $2,574 and just $8 below the Markham West submarket average of $2,616. Against Eden Park Towers – Building B (253 South Park Rd, 0.06 km, three closed leases), the subject trades at a lower monthly rent of $175, with the comp averaging $2,783 per month at $3.05 per square foot across 950 square feet. Eden Park Towers – Building A (233 South Park Rd, 0.1 km, four closed leases) shows a narrower gap: the subject is $55 lower than the comp's $2,663 average, which carried a $3.25 per-square-foot rate over 838 square feet. The two Eden Park II towers reverse the polarity—Building G (277 South Park Rd, 0.12 km, 13 closed leases) averaged $2,387 per month, meaning the subject commands a higher monthly rent of $221, while Building H (325 South Park Rd, 0.18 km, seven closed leases) averaged $2,464, placing the subject $144 higher. All four competitors recorded active lease volume, so no zero-transaction reference applies in this pocket.

Eden Park Towers – Building C leases at $3.33 per square foot across an average 810-square-foot suite, positioning it at a slight premium over the comp-set average of $3.29 per square foot and 807 square feet, yet below the Markham West submarket rate of $3.52 per square foot. Against Eden Park Towers – Building B, the subject trades at a $0.28 per-square-foot (9.2 percent) premium while providing 140 fewer interior square feet; the higher nominal rent of the comp is driven entirely by its larger 950-square-foot footprint rather than a superior per-unit valuation. Eden Park Towers – Building A presents a tighter spread—the subject carries a $0.08 per-square-foot (2.5 percent) premium over 28 fewer square feet—making the two 2012-era towers nearly interchangeable on a rate basis. The trade-off flips with the 2013 Eden Park II pair: Building G's $3.48 per-square-foot rate is $0.15 (4.3 percent) above the subject, yet the subject provides 118 more interior square feet, so the higher monthly rent at the subject is a function of its larger footprint, not a rate premium. Building H follows the same pattern at a $0.03 per-square-foot (0.9 percent) discount with 61 additional square feet in the subject's favour.

Eden Park Towers – Building C offers an eleven-feature lifestyle package including an indoor pool, sauna and steam room, gym, rooftop terrace, dining room and kitchen, meeting room, media theatre, games and billiards room, library, party lounge, and concierge security—placing it at the upper end of its immediate peer set. The subject's dining room and kitchen and rooftop terrace are genuinely absent from Eden Park Towers – Building A, which omits both along with a dedicated meeting room, giving Building C a broader social and remote-work offering within the same 2012-era complex. Eden Park Towers – Building B matches the subject on every listed feature except the dining room and kitchen, making the two towers functionally near-identical in lifestyle programming. The 2013 Eden Park II towers (Buildings G and H) add a shared laundry room that the subject does not carry, but otherwise mirror the same aquatic, wellness, and social amenity suite. The primary renter demographic best served by this package is the young professional or small household seeking full-service resort-style living—pool access, fitness, and a dedicated dining and meeting space—without the step-up cost of a newer-build luxury tower in Markham West.