Spectrum II — Rental Market Data

Spectrum II at 28 Harrison Garden Blvd lists five active units as of August 31, 2026, with asking rents ranging from $2,200 to $3,600 per month, an average of $2,660, and a median of $2,350. The average active suite measures 780 square feet at $3.58 per square foot, and the inventory splits evenly between one-bedroom and two-bedroom layouts (40 percent each) with a single one-bedroom-plus-den unit making up the remaining 20 percent. The mix leans toward mid-size family and professional suites rather than compact entry-level studios, with no studio or three-bedroom options currently available.

One-bedroom and two-bedroom layouts are co-dominant at Spectrum II, each representing two of the five active listings for a 40 percent share. One-bedroom units average $2,250 per month across 550 square feet at $4.09 per square foot, while two-bedroom units average $3,225 per month across 1,075 square feet at $3.06 per square foot. The single one-bedroom-plus-den listing asks $2,350 per month for 650 square feet at $3.62 per square foot, offering a modest den addition over the standard one-bedroom footprint.

Spectrum II's five active listings span a $1,400 spread from a $2,200 entry rent to a $3,600 peak, a 63.6 percent range, with a median asking rent of $2,350 per month. The entry-level suite is a 550-square-foot one-bedroom at $4.00 per square foot, while the peak listing is a 1,300-square-foot two-bedroom at $2.77 per square foot, reflecting the inverse relationship between unit size and rate density within the building's current inventory.

Spectrum II's active one-bedroom-plus-den listing carries a $100 per month den premium over the comparable one-bedroom, representing a 100-square-foot footprint delta at a marginal cost of $1.00 per square foot for the additional space. Active parking stall premiums cannot be reliably isolated from the current dataset due to insufficient paired samples, so renters should confirm parking costs directly with the leasing office before signing.

Spectrum II's average asking rent of $2,660 per month and $3.58 per square foot both trail the North York City Centre submarket benchmarks of $2,753 per month and $3.84 per square foot, placing the building 6.8 percent below the submarket asking rate on a per-square-foot basis. The nominal rent gap of roughly $93 per month is largely explained by suite sizing: Spectrum II's active average of 780 square feet is larger than the submarket norm, so the lower per-square-foot rate offsets the bigger footprint. The building accounts for five out of 216 available listings in the submarket, a 2.3 percent share of total active inventory.

Spectrum II's all-time average realized lease rent of $2,418 per month sits $104 below the four-comp benchmark of $2,522, with every nearby competitor transacting at a higher monthly figure. Spectrum I at 30 Harrison Garden Blvd (0.03 km, 11 closed leases) averaged $2,572 per month at $3.82 per square foot across 718 square feet; Residences of Avondale II at 18 Harrison Garden Blvd (0.08 km, 9 closed leases) realized $2,487 per month at $3.82 per square foot over 662 square feet; The Mansions of Avondale I at 55 Harrison Garden Blvd (0.08 km, 5 closed leases) closed at $2,560 per month, $3.43 per square foot, and 750 square feet; and Residences of Avondale I at 16 Harrison Garden Blvd (0.1 km, 10 closed leases) transacted at $2,470 per month, $3.84 per square foot, and 650 square feet. All four competitors recorded active lease transactions over the trailing 180 days, so no zero-volume reference buildings dilute this comparison set.

Spectrum II's leased rate of $3.69 per square foot across an average 663-square-foot suite undercuts the comp benchmark of $3.73 per square foot and 695 square feet, offering a more competitive per-unit cost while delivering a slightly more compact interior footprint. Against Spectrum I, the subject trades at a $0.13-per-square-foot (3.4%) discount and provides 55 fewer interior square feet, so the $154-per-month lower rent reflects both the smaller footprint and the lower rate. Versus Residences of Avondale II, the subject again trades at a $0.13-per-square-foot discount while providing 1 more square foot of interior space, meaning the $69-per-month rent gap is driven almost entirely by the per-unit rate rather than size. The Mansions of Avondale I presents the inverse trade-off: Spectrum II commands a $0.26-per-square-foot (7.6%) premium over that building's $3.43 rate, yet the subject's 87 fewer square feet bring the total monthly rent $142 lower, confirming that the nominal savings come from a smaller interior footprint rather than a weaker asset valuation. Against Residences of Avondale I, the subject trades at a $0.15-per-square-foot (3.9%) discount and provides 13 more square feet, so renters gain additional interior space while paying $52 less per month.

Spectrum II offers a nine-item amenity suite anchored by a rooftop terrace, games and billiards room, and garden courtyard, distinguishing it from several nearby peers that substitute indoor pools and hot tubs for outdoor and recreational space. The rooftop terrace and games and billiards room are absent from The Mansions of Avondale I and Residences of Avondale I, both of which instead feature an indoor pool and hot tub that Spectrum II does not carry. Residences of Avondale II extends further with a car wash bay, media and theatre room, and on-site retail shops—none of which appear in Spectrum II's package—while Spectrum I differentiates with a hot tub and jacuzzi that the subject lacks. In return, Spectrum II's combination of a dedicated games room, open-air rooftop terrace, and landscaped courtyard appeals to renters who value social and outdoor recreation over aquatic wellness facilities, making the building a strong fit for young professionals and small households in the North York City Centre submarket who prioritize a balanced lifestyle mix over pool-centric amenities.