The Kip District 2 — Rental Market Data

The Kip District 2 carries five active rental listings as of August 31, 2026, with asking rents ranging from $2,350 to $2,450 per month, an average of $2,394 and a median of $2,393. Suites average 604 square feet at an asking rate of $3.98 per square foot. The inventory skews heavily toward compact entry-level configurations, with one-bedroom-plus-den units representing 80 percent of available space and the remaining 20 percent occupied by a single one-bedroom listing.

One-bedroom-plus-den suites dominate active availability at The Kip District 2, accounting for four of five listings and an 80 percent share of inventory. Those units average $2,386 per month across 615 square feet at $3.90 per square foot. The single one-bedroom listing asks $2,425 per month for 564 square feet at $4.30 per square foot, making it the priciest option on a rate-per-square-foot basis despite a lower total monthly outlay.

The Kip District 2 active listings span a $100 spread from a minimum entry rent of $2,350 to a peak asking rent of $2,450 per month, a 4.3 percent range. The median asking rent sits at $2,393 per month. The entry-level suite is a 608-square-foot one-bedroom-plus-den at $3.87 per square foot, while the peak listing is a 550-square-foot one-bedroom-plus-den priced at $4.45 per square foot, meaning the higher rent reflects a smaller footprint rather than a larger layout.

At The Kip District 2, adding a den to a one-bedroom suite carries a nominal premium of negative $39 per month across an additional 51 square feet, translating to a marginal cost of negative $0.76 per square foot for the extra space. Active parking premiums cannot be reliably isolated from current listings due to insufficient paired samples, though verified historical leases established a $317 per month parking stall benchmark.

The Kip District 2 asks an average of $2,394 per month at $3.98 per square foot, compared with the Etobicoke Centre submarket asking benchmark of $2,597 per month at $3.65 per square foot. The building's lower nominal rent is driven by its larger average suite size of 604 square feet rather than cheaper unit pricing; on a rate-per-square-foot basis, The Kip District 2 sits nine percent above the submarket asking average. The building holds five of the 64 active listings in the Etobicoke Centre submarket, representing roughly eight percent of total available inventory.

The Kip District 2's average closed-lease rent of $2,233 per month sits $306 below the four-comp average of $2,539, making it the most affordable entry point in this immediate cluster on a headline-dollar basis. One – The Kip District at 20 Thomas Riley Rd leases at an average of $2,320 per month ($3.61 per square foot, 646 sq ft), Cypress at Etobicoke at 50 Thomas Riley Rd averages $2,565 per month ($3.33 per square foot, 789 sq ft), King's Gate at 101 Subway Cres runs $2,608 per month ($3.38 per square foot, 820 sq ft), and Nuvo Essex at 35 Viking Lane posts the highest average at $2,664 per month ($3.31 per square foot, 808 sq ft). The spread between The Kip District 2 and the most expensive comp, Nuvo Essex, is $431 per month, or roughly 16.2 percent, a gap that narrows considerably once per-square-foot pricing is factored in.

The Kip District 2 leases at $4.10 per square foot on an average 566-square-foot suite, a rate that commands a premium of 13.6 to 23.9 percent over every nearby competitor while delivering 80 to 254 fewer interior square feet than each one. Against One – The Kip District, the subject's $4.10 per square foot exceeds the comp's $3.61 by $0.49, yet the tenant receives 80 fewer square feet (566 vs. 646). Compared with Cypress at Etobicoke at $3.33 per square foot and 789 square feet, The Kip District 2 charges $0.77 more per foot for 223 fewer square feet. King's Gate offers 820 square feet at $3.38 per square foot, a 254-square-foot advantage over the subject, while Nuvo Essex provides 808 square feet at $3.31 per square foot, a 242-square-foot edge. The trade-off is clear: renters at The Kip District 2 are paying a higher per-foot rate for a more compact suite, and the justification must come from the building's 2023 construction, amenity package, and Etobicoke Centre walkability rather than from interior volume.

The Kip District 2's 13-amenity package is oriented toward daily convenience and active wellness, differentiating it from the resort-style or family-oriented offerings at several nearby competitors. Where One – The Kip District provides a sauna and steam room plus EV charging but no dedicated yoga space, The Kip District 2 pairs a purpose-built Yoga Studio with a Car Wash Bay that One – The Kip District lacks entirely. Cypress at Etobicoke offers an indoor Kids' Play Room but no Pet Wash Station or Golf Simulator, both of which are standard at The Kip District 2. King's Gate anchors its lifestyle around an Indoor Pool and Hot Tub & Jacuzzi; The Kip District 2 substitutes a Dining Room & Kitchen and a Media & Theatre Room for that wet-amenity focus. Nuvo Essex includes a Business Centre and Library & Reading Room that The Kip District 2 does not, but the subject counters with a Pet Wash Station and BBQ Area combination that Nuvo Essex omits. This amenity mix best serves young professionals and pet-owning tenants in the 25-to-40 age bracket who prioritize wellness programming, in-building convenience, and social dining over resort pools or dedicated co-working suites.