Palais at Port Royal Place — Rental Market Data

Palais at Port Royal Place has two active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,350 per month, an average of $2,325 and a median of $2,325. Both suites average 625 square feet at a combined asking rate of $3.72 per square foot, with the one-bedroom tier representing 50 percent of active inventory and the one-bedroom plus den tier holding the other 50 percent. The current listing mix leans toward compact entry-level and small executive layouts rather than multi-bedroom configurations, reflecting the building's predominantly one-bedroom and den product line.

The dominant active layout at Palais at Port Royal Place is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $2,300 per month across 600 square feet and a rate of $3.83 per square foot. The one-bedroom plus den tier also holds one listing at 50 percent share, asking $2,350 per month for 650 square feet at $3.62 per square foot. Both tiers are single-listing samples, so pricing and size figures reflect individual transactions rather than a broader distribution.

Palais at Port Royal Place shows a minimum entry rent of $2,300 per month and a peak asking rent of $2,350 per month, producing a dollar spread of $50 and a percentage spread of 2.2 percent. The median asking rent sits at $2,325 per month. The entry-level suite is a one-bedroom at 600 square feet priced at $3.83 per square foot, while the peak suite is a one-bedroom plus den at 650 square feet priced at $3.62 per square foot, meaning the larger den configuration carries a lower rate per square foot despite the higher absolute rent.

At Palais at Port Royal Place, the active den premium is $50 per month for an additional 50 square feet of space, equating to a marginal cost of $1.00 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the current data set due to an insufficient paired sample, so no specific monthly parking figure can be quoted with confidence.

Palais at Port Royal Place is asking an average of $2,325 per month at $3.72 per square foot, compared to the Etobicoke Centre submarket asking benchmark of $2,654 per month and $3.67 per square foot. The building's rate per square foot runs 1.4 percent above the submarket asking average, while its 625-square-foot average suite is 98 square feet smaller than the submarket implied average of 723 square feet, which explains why the nominal monthly rent appears lower despite the higher per-square-foot rate. Palais at Port Royal Place accounts for 2 out of 78 active listings in the Etobicoke Centre submarket, representing roughly 2.6 percent of total available inventory.

Palais at Port Royal Place realized an average lease rent of $2,650 per month over the trailing year, which is $308 higher than the overall comp benchmark of $2,342 and reflects the subject's significantly larger suite footprint rather than a per-square-foot premium. Promenade at Port Royal Place (5 Michael Power Pl, 0.02 km) closed 6 leases averaging $2,342 per month at $3.74 per square foot across 633 square feet; Vivid (1 Michael Power Pl, 0.03 km) closed 5 leases at $2,410 per month, $3.74 per square foot, and 654 square feet. Port Royal Place IV (7 Michael Power Pl, 0.09 km) recorded 3 closed leases at $2,317 per month, $3.76 per square foot, and 617 square feet, while Port Royal Place V (9 Michael Power Pl, 0.07 km) logged a single lease at $2,300 per month, $4.18 per square foot, and 550 square feet. In every case the subject's nominal rent exceeds the competitor's, a gap driven entirely by the subject's 810-square-foot average suite versus the 550-to-654-square-foot range across the peer set.

Palais at Port Royal Place trades at $3.39 per square foot on an 810-square-foot average suite, a rate that sits below every active competitor's per-square-foot benchmark (ranging from $3.74 to $4.18) while delivering 156 to 260 more interior square feet than each peer. Against Promenade at Port Royal Place, the subject offers a $0.35 per square foot (9.4%) discount and 177 additional square feet; versus Vivid, the discount is the same $0.35 per square foot (9.4%) with 156 more square feet. Port Royal Place V presents the widest spread—a $0.79 per square foot (18.9%) discount in the subject's favour and 260 additional square feet—while Port Royal Place IV shows a $0.37 per square foot (9.8%) discount and 193 more square feet. The consistent pattern is clear: a renter choosing Palais at Port Royal Place pays a higher monthly total but receives substantially more interior space at a lower cost per square foot, making the building the space-maximizing option in this immediate pocket.

Palais at Port Royal Place offers an eight-item amenity suite anchored by an indoor pool and sauna/steam room, features it shares only with Vivid among the four nearby competitors. The subject's aquatic and wellness package—indoor pool, sauna, and steam room—distinguishes it from Promenade at Port Royal Place, Port Royal Place IV, and Port Royal Place V, none of which provide a pool or dedicated thermal facilities. However, the subject lacks the outdoor lifestyle infrastructure found at three of the four peers: Promenade and Vivid both offer children's playgrounds, splash pads, outdoor gazebos, and dining/kitchen areas, while Port Royal Place IV adds a BBQ area. Vivid further extends its package with a library/reading room, garden/courtyard, and shared splash pad that the subject does not match. The building's indoor-focused, wellness-oriented amenity profile best serves professionals and small households who prioritize private fitness, aquatic recreation, and meeting-space access over outdoor family-oriented facilities.