28 Eastern — Rental Market Data

28 Eastern features 6 active listings as of August 31, 2026, with an asking price range spanning $1,680 to $2,900 per month, an average rent of $2,130 per month, and a median rent of $2,100 per month. Active inventory averages 488 square feet with an asking rate of $4.46 per square foot, and studios dominate the availability pool with a 50% share, indicating that current inventory leans heavily toward compact entry-level suites rather than multi-bedroom executive layouts.

Studios represent the dominant active layout at 28 Eastern, commanding 3 active listings and a 50% inventory share with an average rent of $1,760 per month across an average of 400 square feet at $4.40 per square foot. The building also offers a limited sample of 1-bedroom units comprising 1 listing at a share of 16.7% asking an average of $2,300 per month across 400 square feet at $5.75 per square foot. Additional availability includes 1 1-bedroom plus den suite accounting for a 16.7% share with an average rent of $2,300 per month across 650 square feet at $3.54 per square foot, alongside 1 2-bedroom unit representing a 16.7% share asking an average of $2,900 per month across 680 square feet at $4.26 per square foot.

At 28 Eastern, asking rents range from a minimum entry rent of $1,680 per month to a peak asking rent of $2,900 per month, establishing a dollar spread of $1,220 per month and a percentage spread of 72.6%. The median asking rent sits at $2,100 per month, while the entry-level tier consists of a studio unit measuring 400 square feet priced at $4.20 per square foot using min asking metrics. At the opposite end of the pricing spectrum, the peak suite is a 2-bedroom layout spanning 680 square feet and asking $4.26 per square foot using max asking metrics.

Active den configurations at 28 Eastern feature a den premium of $0 per month alongside a square footage delta of 250 square feet. The marginal cost per square foot for the extra den space is $0.00 per square foot as the price point remains flat across the size variance, and active parking premiums cannot be reliably isolated due to an insufficient sample or anomalous outlier status.

28 Eastern asks an average rent of $2,130 per month at $4.46 per square foot, comparing against the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, resulting in a rate per square foot that sits 2.3% above the submarket asking benchmark while representing 3.1% of the submarket's 192 active listings.

At 28 Eastern, the average lease rent sits below the overall comparable average of $2,918 per month, tracking against established properties such as Canary Landing, Canary House, and Trinity Lofts. Canary Landing (65 Trinity Street) reports an average lease rent of $3,723 per month at $4.38 per square foot across an average of 850 square feet. Canary House (425 Front St E) records an average lease rent of $2,419 per month at $4.29 per square foot across 582 square feet. Trinity Lofts (90 Trinity St) posts an average lease rent of $2,613 per month at $4.44 per square foot across 590 square feet. Cherry House at Canary Landing (432 Cherry Street) currently maintains zero closed leases in the past 180 days, so specific rental figures are not reported.

The value proposition at 28 Eastern centers on offering a competitive rate per square foot and practical suite sizing relative to nearby alternatives and the broader Downtown East submarket benchmark of $4.23 per square foot. Renters evaluating the building benefit from modern layout efficiencies, lower utility burdens, and recent construction finishes compared to older alternatives like the 590-square-foot Trinity Lofts, which trades at $4.44 per square foot. While properties like the 850-square-foot Canary Landing command higher absolute rents averaging $3,723 per month at $4.38 per square foot, 28 Eastern provides a more accessible entry point without sacrificing contemporary building standards or location advantages.

Residents at 28 Eastern enjoy an extensive lifestyle and amenity profile that compares favorably with established peer buildings in the Downtown East micro-market, featuring signature offerings including a Concierge & Security desk, a fully equipped Gym & Fitness Centre, a spacious Party & Lounge Room, a dedicated Business Centre, and an expansive Rooftop Terrace with BBQ areas. When contrasted with neighbors, 28 Eastern matches or exceeds amenities found at Trinity Lofts (which offers a gym, party room, rooftop terrace, and dry cleaning service) and aligns with the comprehensive wellness and social programming seen at Canary House and Canary Landing, which include yoga studios, pet wash stations, and indoor kids' play rooms. Cherry House at Canary Landing also features robust wellness spaces such as a sauna and steam room. This amenity package serves urban professionals and modern households seeking robust on-site fitness, remote work infrastructure, and outdoor social spaces.