Park Palace on Yonge III — Rental Market Data

Park Palace on Yonge III currently features 1 active listing as of August 31, 2026, with an asking price range, average rent, and median rent of $2,900 per month. Active suites average 950 square feet at an asking rate of $3.05 per square foot. Two-bedroom configurations account for 100 percent of active inventory, indicating that current options lean exclusively toward multi-bedroom family layouts.

The 2-Bedroom layout dominates active inventory at Park Palace on Yonge III, accounting for 100 percent of available listings with 1 unit on the market. This single active 2-bedroom suite lists for an average rent of $2,900 per month across an average size of 950 square feet at an asking rate of $3.05 per square foot. All other layout tiers currently record zero units available for prospective renters.

Park Palace on Yonge III exhibits a minimum entry rent of $2,900 per month and a peak asking rent of $2,900 per month, resulting in a dollar spread of $0 and an asking spread of 0 percent. The median asking rent stands at $2,900 per month. The entry-level and peak suite is a 2-bedroom layout spanning 950 square feet priced at $3.05 per square foot.

Park Palace on Yonge III features unquantified active den premiums as no den-specific data or square footage deltas are available in the current dataset. Active parking premiums cannot be reliably isolated due to an insufficient paired sample, meaning parking stall costs cannot be determined.

Park Palace on Yonge III asks $2,900 per month at $3.05 per square foot, tracking below the North York City Centre submarket average asking rent of $2,742 per month and asking rate of $3.88 per square foot. The lower nominal outlay compared to submarket averages is driven by more generous suite sizing rather than cheaper unit pricing, with the building asking 21.4 percent lower on a per-square-foot basis while representing 0.4 percent of submarket inventory.

Park Palace on Yonge III registers an average lease rent of $2,850 per month, trading above the broader comp set average of $2,217 per month due to its larger two-bedroom suite configurations, while competing directly with nearby benchmarks like Vogue and Park Palace on Yonge II. Park Palace on Yonge II (18 Pemberton Ave) reports an average lease rent of $2,200 per month at $4.00 per square foot across an average of 550 square feet. Vogue (7 Bishop Ave) records an average lease rent of $2,233 per month at $3.62 per square foot across an average of 617 square feet. Park Palace on Yonge I (8 Pemberton Ave) and The Paramount (39 Pemberton Ave) currently maintain no active lease transactions in the reporting window.

Park Palace on Yonge III delivers an attractive value proposition, offering a competitive rate of $3.00 per square foot across an average suite size of 950 square feet, which positions it below the submarket asking benchmark of $3.88 per square foot. Renters at Park Palace on Yonge III benefit from substantial spatial efficiency and larger total footprints compared to older or similarly aged alternatives in the immediate pocket. For instance, Vogue (7 Bishop Ave) averages 617 square feet at $3.62 per square foot, and Park Palace on Yonge II (18 Pemberton Ave) averages 550 square feet at $4.00 per square foot. Tenants trade off the ultra-modern aesthetic finishes found in brand-new construction for significantly larger living areas and lower relative costs per square foot.

Park Palace on Yonge III provides a robust amenity package that supports a balanced urban lifestyle, standing shoulder-to-shoulder with the recreational facilities found in neighboring Pemberton and Bishop Avenue towers. Signature amenities at Park Palace on Yonge III include a concierge and security service, a gym and fitness centre, a party and lounge room, a meeting room, and a sauna and steam room. When contrasted against nearby alternatives, Park Palace on Yonge III matches standard offerings like the concierge and fitness rooms found at Park Palace on Yonge II and The Paramount, while selectively rivaling Vogue's extensive recreational footprint which includes an indoor pool, squash courts, and a car wash bay, and complementing Park Palace on Yonge I's outdoor playground and rooftop terrace. This building configuration best serves families, professionals, and long-term renters prioritizing generous square footage, essential wellness amenities, and a central North York location.