on Parliament — Rental Market Data

on Parliament holds two active listings as of August 31, 2026, with asking rents ranging from $2,600 to $2,780 per month, an average of $2,690, and a median of $2,690. Both available suites average 640 square feet at an asking rate of 4.21 dollars per square foot. The active inventory is 100 percent two-bedroom, placing the building's current availability squarely in the mid-range family layout rather than compact entry-level or multi-bedroom executive tiers.

The two-bedroom tier is the sole active layout at on Parliament, accounting for both listings and 100 percent of current inventory. The two available two-bedroom suites average $2,690 per month across 640 square feet at 4.21 dollars per square foot. One-bedroom and three-bedroom tiers each show zero active listings, meaning renters seeking those configurations have no current options at this address.

on Parliament's two active listings span a $180 spread, from a minimum entry rent of $2,600 per month to a peak asking rent of $2,780 per month, a 6.9 percent range. The median asking rent sits at $2,690 per month. The entry-level suite is a 629-square-foot two-bedroom at 4.13 dollars per square foot, while the peak suite is a 650-square-foot two-bedroom at 4.28 dollars per square foot, a 21-square-foot difference between the two available units.

on Parliament does not currently have quantified den premium data, as no active listings include a den configuration to establish a dollar or square-foot delta. Marginal cost per square foot for additional den space therefore cannot be calculated from the present sample. Active parking premiums cannot be reliably isolated from the current two-listing sample, though historical leases at this building established a verified parking stall benchmark of $231 per month.

on Parliament's active asking rent of $2,690 per month exceeds the Downtown East submarket asking average of $2,636 per month by $54, yet the building's rate of 4.21 dollars per square foot sits 3.4 percent below the submarket asking benchmark of 4.36 dollars per square foot. The higher nominal rent is a function of larger suite sizing, as active listings average 640 square feet versus the submarket's typical footprint, rather than a premium per-unit pricing strategy. On Parliament's two listings represent approximately 1 percent of the 192 active listings currently available across the Downtown East submarket.

on Parliament's average closed-lease rent of $2,101 per month sits $347 below the four-comparable average of $2,448, placing it at the lower end of the immediate competitive range. Daniels on Parliament at 10 Oak Street (0.11 km) closed leases averaging $2,088 per month at $3.96 per square foot across 557-square-foot suites, making it the closest rent benchmark. One Cole – West Building at 1 Cole Street (0.21 km) averaged $2,350 per month at $3.62 per square foot over 650 square feet, One Park West at 260 Sackville Street (0.22 km) averaged $2,780 per month at $3.68 per square foot across 800 square feet, and One Cole – East Building at 25 Cole Street (0.23 km) averaged $2,572 per month at $3.73 per square foot over 703 square feet. on Parliament undercuts the three older towers by $249 to $679 per month while offering a newer building and a broader amenity suite.

on Parliament leases at $3.85 per square foot across an average 557-square-foot suite, a rate that trades at a $0.11 per square foot (2.8%) discount to Daniels on Parliament's $3.96 per square foot while commanding a $0.12 to $0.23 per square foot premium over the three 2010- and 2011-era Cole and Sackville towers. Against One Cole – West Building, tenants at on Parliament receive 93 fewer square feet of interior space (557 vs. 650) but pay $0.23 per square foot more; against One Park West, the trade-off is 243 fewer square feet (557 vs. 800) at a $0.17 per square foot premium; and against One Cole – East Building, the delta is 146 fewer square feet (557 vs. 703) at a $0.12 per square foot premium. The practical takeaway for renters is that on Parliament delivers a newer, more amenity-rich product at a per-square-foot rate only marginally above the older towers, while its 557-square-foot footprint remains competitive with the 538-square-foot suites at Daniels on Parliament—where the subject actually provides 19 additional square feet at a lower per-square-foot cost.

on Parliament's amenity package extends meaningfully beyond every nearby competitor, particularly in wellness, pet care, and electric-vehicle infrastructure. The building's dedicated Pet Wash Station is absent from all four comparables, giving pet-owning renters a service no rival in the cluster offers. Its Yoga Studio provides a dedicated movement space that none of the Daniels, One Cole, or One Park West buildings include beyond a standard gym. The EV Charging Station is likewise unique to on Parliament in this immediate set, addressing a growing tenant need that the 2010-vintage towers simply were not designed to accommodate. The Indoor Kids' Play Room distinguishes on Parliament from One Cole – West Building, One Park West, and One Cole – East Building, which lack any dedicated children's space, while the Business Centre sets it apart from both One Cole towers that offer only a basic meeting room. Together, these five signature features—pet wash, yoga studio, EV charging, indoor kids' play room, and full business centre—position on Parliament as the lifestyle-first choice for young professional families and remote workers who want a turnkey, amenity-rich home without sacrificing walkability in the Downtown East submarket.