Grand Festival - Landmark Tower — Rental Market Data

Grand Festival - Landmark Tower features 11 active listings as of August 31, 2026, with a price range spanning from $1,800 to $2,600 per month, an average rent of $2,209 per month, and a median rent of $2,250 per month. Active suites average 568 square feet with an asking rate of $3.94 per square foot. 1-Bedroom + Den and 2-Bedroom layouts dominate the active inventory with identical 36.4 percent shares each. Current listings lean toward spacious multi-bedroom layouts while maintaining compact entry-level options.

The dominant active layout at Grand Festival - Landmark Tower is the 1-Bedroom + Den, accounting for 4 active listings and a 36.4 percent inventory share with an average rent of $2,138 per month and an average size of 550 square feet at $3.89 per square foot. The 2-Bedroom tier provides 4 listings representing a 36.4 percent share, averaging $2,538 per month across 674 square feet at $3.77 per square foot. The 1-Bedroom tier offers 3 listings comprising a 27.3 percent share, averaging $1,867 per month across 450 square feet at $4.23 per square foot.

Grand Festival - Landmark Tower presents a minimum entry rent of $1,800 per month and a peak asking rent of $2,600 per month, creating a dollar spread of $800 per month and a percentage spread of 44.4 percent. The median asking rent stands at $2,250 per month across active inventory. The entry-level suite is a 1-Bedroom layout spanning 400 square feet priced at $4.50 per square foot, contrasted against the peak suite which is a 2-Bedroom layout spanning 698 square feet priced at $3.72 per square foot.

Grand Festival - Landmark Tower carries an active den premium of $271 per month for an extra 100 square feet of interior space. The marginal cost for this additional den space equates to $2.71 per square foot. Verified parking stall additions cost an extra $350 per month.

Grand Festival - Landmark Tower asks an average of $2,209 per month at $3.94 per square foot, compared to the broader submarket asking benchmark of $2,315 per month at $3.73 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 5.6 percent above the submarket asking benchmark while representing 9.6 percent of total submarket active inventory.

Grand Festival - Landmark Tower achieves an average lease rent of $2,031 per month, tracking below the overall competitive benchmark average of $2,111 per month across key nearby developments including Festival - Landmark Tower, Festival - Signature Tower, Mobilio - West Tower, and Mobilio - East Tower. Festival - Landmark Tower (195 Commerce St) records an average lease rent of $1,976 per month at $3.86 per square foot across an average of 520 square feet. Festival - Signature Tower (225 Commerce St) posts an average lease rent of $2,158 per month at $3.76 per square foot across 577 square feet. Mobilio - West Tower (10 Honeycrisp Cres) averages $2,131 per month at $3.90 per square foot across 552 square feet. Mobilio - East Tower (38 Honeycrisp Cres) rounds out the set with an average lease rent of $2,178 per month at $4.10 per square foot across 540 square feet.

Grand Festival - Landmark Tower establishes its value proposition by offering an average leased rate of $3.82 per square foot across an average suite size of 541 square feet, positioning it favorably against a submarket average asking rate of $3.73 per square foot and older competing inventory. Renters evaluating Grand Festival - Landmark Tower versus Mobilio - East Tower trade a lower rate per square foot (compared to Mobilio's $4.10 per square foot) while gaining slightly larger interior layouts and modern 2025 construction finishes. When compared to Festival - Signature Tower, Grand Festival provides competitive pricing and efficient floor plans, avoiding the higher absolute rent burdens seen in larger 577-square-foot configurations while delivering the structural and utility advantages of brand-new development.

Grand Festival - Landmark Tower delivers an extensive, resort-inspired lifestyle and amenity profile that outpaces many surrounding properties by incorporating specialized wellness and entertainment spaces. Signature offerings at Grand Festival include a dedicated Spin Studio, an indoor pool with a hot tub and jacuzzi, a sauna and steam room, a media and theatre room, and an indoor kids' play room alongside a dedicated dog run. In direct contrast, Festival - Landmark Tower at 195 Commerce St features a yoga studio and elevated pedestrian bridge but lacks the specialized spin facility and comprehensive indoor pool setup found at the subject building. Meanwhile, Mobilio - West Tower at 10 Honeycrisp Cres offers a yoga studio, business centre, and children's outdoor playground, but does not match the expansive multi-room entertainment, hobby, and music suites provided at Grand Festival. This robust amenity package particularly serves young professionals, growing families, and pet owners seeking an all-inclusive residential experience within the Vaughan Metropolitan Centre.