The Majestic I — Rental Market Data

The Majestic I lists three active units as of August 31, 2026, with asking rents spanning $2,690 to $3,700 per month, an average of $3,230, and a median of $3,300. The average active suite measures 870 square feet at an asking rate of $3.76 per square foot, and the inventory splits evenly across three distinct layout tiers—1-Bedroom + Den, 2-Bedroom, and 2-Bedroom + Den—each accounting for 33.3 percent of available stock. Because every tier holds exactly one listing, the current inventory is a thin, single-unit spread rather than a deep pool, and the mix skews toward mid-to-upper-range two-bedroom configurations rather than compact entry-level one-bedrooms.

The Majestic I's active inventory is evenly divided, with the 1-Bedroom + Den tier holding one listing at 33.3 percent share, alongside one 2-Bedroom unit (33.3 percent) and one 2-Bedroom + Den unit (33.3 percent). The 1-Bedroom + Den asks $2,690 per month on 650 square feet at $4.14 per square foot, the 2-Bedroom lists at $3,300 on 950 square feet at $3.47 per square foot, and the 2-Bedroom + Den commands $3,700 on 1,010 square feet at $3.66 per square foot. Each tier is a single listing, so no bedroom category offers a second option for comparison or negotiation leverage within the building.

The Majestic I's three active listings span a $1,010 spread from a $2,690 entry point to a $3,700 peak, representing a 37.5 percent range, with the median asking rent at $3,300 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $4.14 per square foot, while the top-of-line 2-Bedroom + Den offers 1,010 square feet at $3.66 per square foot for $3,700 per month. The middle 2-Bedroom unit at 950 square feet and $3.47 per square foot bridges the gap, giving renters a clear step-up in both space and price across the three available configurations.

The Majestic I's active den premium and the marginal cost per additional square foot of den space cannot be reliably quantified from the current single-listing sample, as no paired den-versus-no-den comparison exists within the three available units. Parking stall premiums likewise cannot be isolated from the available data, with the sample flagged as unreliable due to insufficient paired observations, so renters should request a direct parking quote from the leasing office rather than rely on a published figure.

The Majestic I's active asking rate of $3.76 per square foot sits 2.1 percent below the North York City Centre submarket asking benchmark of $3.84 per square foot, even though the building's average monthly rent of $3,230 exceeds the submarket average asking rent of $2,753. That nominal rent gap resolves through suite size: the building's 870-square-foot average footprint is materially larger than the submarket norm, so renters pay more in absolute dollars but less per unit of space. The building currently represents 3 out of 216 active listings in the North York City Centre submarket, a 1.4 percent share of total available inventory.

The Majestic I's all-time average realized lease rent of $2,750 per month trades $126 below the four-comp benchmark of $2,876, yet the subject commands a higher nominal rent than every individual competitor in this pocket. Empress Plaza I at 35 Empress Ave (0.08 km, 14 closed leases) averaged $2,804 per month at $3.10 per square foot over 918 square feet, meaning The Majestic I's realized rent runs $54 higher despite the smaller suite. Royal Pinnacle at 33 Empress Ave (0.08 km, 14 closed leases) averaged $2,882 per month at $3.36 per square foot over 881 square feet, with The Majestic I's rent $132 above that figure. Kingsdale at 238 Doris Ave (0.11 km, 10 closed leases) posted the highest comp rent at $2,963 per month, $3.39 per square foot, and 889 square feet, placing The Majestic I $213 below in nominal terms but the subject's smaller footprint compresses the per-square-foot gap to just $0.07. Gibson Square – North Tower at 5168 Yonge St (0.16 km, 18 closed leases) averaged $2,856 per month at $3.81 per square foot over 768 square feet, with The Majestic I's rent $106 higher while offering 32 more interior square feet.

The Majestic I leases at $3.46 per square foot over an average 800-square-foot suite, a rate that sits above the three Empress Avenue and Doris Avenue peers but below the newer Gibson Square – North Tower, while the subject's smaller footprint than three of four competitors explains why the nominal monthly rent reads lower despite the higher per-square-foot charge. Against Empress Plaza I, The Majestic I trades at a $0.36 per square foot (11.6%) premium while providing 118 fewer interior square feet, so a renter pays more per unit of space for a more compact layout. Royal Pinnacle shows a tighter spread: the subject commands a $0.10 per square foot (3.0%) premium with 81 fewer square feet, making the total rent delta of $132 almost entirely a function of the smaller interior. Kingsdale follows the same pattern at a $0.07 per square foot (2.1%) premium and 89 fewer square feet. Gibson Square – North Tower inverts the relationship: The Majestic I trades at a $0.35 per square foot (9.2%) discount below that 2015-built tower while delivering 32 more interior square feet, giving renters a larger unit at a lower rate per square foot in exchange for an older building and a different amenity mix.

The Majestic I offers a seven-feature lifestyle package—Concierge & Security, Gym & Fitness Centre, Sauna & Steam Room, Party & Lounge Room, Meeting Room, Library & Reading Room, and Pet Wash Station—that is leaner than its Empress Avenue neighbours but distinguishes itself with two amenities absent from every nearby competitor: a dedicated Library & Reading Room and a Pet Wash Station. Empress Plaza I counters with a Yoga Studio, Squash & Racquetball Court, Media & Theatre Room, and Games & Billiards Room that The Majestic I does not provide, while Royal Pinnacle adds a Hot Tub & Jacuzzi and Games & Billiards Room, and Kingsdale includes an outdoor Children's Playground. Gibson Square – North Tower, the newest building in the set, layers on an Indoor Pool, Rooftop Terrace, Dining Room & Kitchen, and Media & Theatre Room that no other competitor in this radius matches. The Majestic I's signature differentiators—the quiet reading environment and on-site pet grooming—target cost-conscious professionals and pet-owning tenants who prioritize a low-maintenance, walkable Yonge–Empress location and practical daily conveniences over the resort-style aquatic or entertainment facilities that define the larger, newer towers nearby.