Tower — Rental Market Data

Tower features 10 active listings as of August 31, 2026, with asking rents spanning from $1,800 to $2,800 per month, an average rent of $2,145 per month, and a median rent of $2,022 per month. Active inventory averages 712 square feet with an asking rate of $3.10 per square foot. 1-Bedroom + Den suites dominate the available inventory with a 50% share, indicating that current listings lean heavily toward multi-room functional layouts.

The dominant active layout at Tower is the 1-Bedroom + Den, accounting for 10 active listings and a 50% inventory share. 1-Bedroom + Den suites feature an average rent of $1,889 per month across an average of 589 square feet at $3.22 per square foot. 2-Bedroom suites comprise 30% of available inventory with 3 listings averaging $2,467 per month across 900 square feet at $2.86 per square foot. Meanwhile, 1-Bedroom and 2-Bedroom + Den units each hold a 10% share, with the single 1-Bedroom listing asking $1,800 per month across 550 square feet at $3.27 per square foot and the single 2-Bedroom + Den listing asking $2,800 per month across 923 square feet at $3.03 per square foot.

Tower establishes a minimum entry rent of $1,800 per month and a peak asking rent of $2,800 per month, creating a dollar spread of $1,000 and a percentage spread of 55.6%. The median asking rent rests at $2,022 per month. The entry-level tier consists of a 1-Bedroom suite spanning 550 square feet at an asking rate of $3.27 per square foot, while the peak tier is represented by a 2-Bedroom + Den suite spanning 923 square feet at an asking rate of $3.03 per square foot.

Tower commands an active den premium of $89 per month for a 39 square foot interior space addition. The marginal cost for this extra den space calculates to $2.28 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient sample size.

Tower commands an active asking rent of $2,145 per month at $3.10 per square foot, tracking slightly above the Stoney Creek submarket asking benchmark of $2,180 per month while exceeding the submarket asking rate per square foot of $3.01 by 3%. The nominal monthly rent variance stems from the building's larger average suite footprints compared to the broader area. Tower accounts for 30.3% of the total active inventory within the submarket.

Tower achieves an average all-time lease rent of $1,820 per month, comparing directly against the overall comp average of $2,183 per month and key benchmark properties in Stoney Creek. Individual competitor lease metrics show Casa di Torre (121 Highway 8) averaging $1,900 per month at $3.10 per square foot across an average of 617 square feet; Florentine Place (99 Donn Ave) recording $2,450 per month at $2.02 per square foot across 1,215 square feet; Valley View (75 Glenburn Crt) averaging $2,200 per month at $2.59 per square foot across 850 square feet; and Carrington Place (966 Queenston Rd) reporting zero recent lease transactions within the 180-day window.

Tower delivers a compelling value proposition by offering an average leased rate of $3.05 per square foot across compact, highly functional 609-square-foot layouts, positioning itself competitively against mature alternatives and the broader submarket benchmark of $3.08 per square foot. Renters evaluate a clear trade-off: choosing Tower secures modern 2025 finishes, superior energy efficiency, and contemporary floor plans at $3.05 per square foot, whereas older alternatives like Florentine Place (99 Donn Ave) provide much larger 1,215-square-foot footprints at a lower $2.02 per square foot, and Valley View (75 Glenburn Crt) supplies 850 square feet at $2.59 per square foot. Meanwhile, newer boutique peers like Casa di Torre (121 Highway 8) command a slightly higher $3.10 per square foot across 617 square feet.

Tower delivers an extensive, contemporary lifestyle package that outpaces many conventional area buildings, featuring a Concierge & Security desk, a fully equipped Gym & Fitness Centre, a Party & Lounge Room, a Meeting Room, an EV Charging Station, a BBQ Area, a Rooftop Terrace, and an Outdoor Children's Playground. When contrasted against nearby competitors, Tower matches or exceeds regional offerings: Casa di Torre includes a Yoga Studio, Dining Room & Kitchen, and Media & Theatre Room alongside gym and terrace spaces; Florentine Place offers a Games & Billiards Room and Sauna & Steam Room; and Valley View relies on shared laundry and sauna facilities. This robust amenity program makes Tower particularly appealing to young professionals and modern households seeking full-service, amenity-rich living in Stoney Creek.