Lofts at Mystic Pointe — Rental Market Data

Lofts at Mystic Pointe has two units actively listed as of August 31, 2026, spanning a price range of $2,800 to $5,500 per month with an average and median asking rent of $4,150. The two suites average 1,075 square feet at a combined asking rate of $3.76 per square foot, split evenly between a one-bedroom and a two-bedroom layout. Inventory leans toward spacious, above-average footprints rather than compact entry-level units, with the submarket implied average sitting at just 712 square feet.

The dominant active layout at Lofts at Mystic Pointe is the one-bedroom tier, holding one of two listings for a 50 percent inventory share. The one-bedroom asks $2,800 per month across 850 square feet at $3.29 per square foot, while the two-bedroom commands $5,500 per month over 1,300 square feet at $4.23 per square foot. Both tiers represent single listings, so renters in either bedroom category face a one-unit constraint with no in-building alternatives.

Lofts at Mystic Pointe shows an active asking spread of $2,700 per month, or 96.4 percent, between the entry one-bedroom at $2,800 and the peak two-bedroom at $5,500. The median asking rent sits at $4,150 per month, anchoring the midpoint of this wide range. The entry suite offers 850 square feet at $3.29 per square foot, while the top-tier two-bedroom delivers 1,300 square feet at $4.23 per square foot, a 450-square-foot premium that accounts for most of the dollar gap.

Den premiums and marginal per-square-foot costs for extra den space at Lofts at Mystic Pointe cannot be quantified from the current two-unit active sample, as no paired den-versus-no-den comparison exists. Parking stall costs likewise cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, so no specific monthly parking fee should be assumed. Renters should request a direct parking quote from the leasing office before committing to either active listing.

Lofts at Mystic Pointe asks an average of $4,150 per month at $3.76 per square foot, compared to the Mimico submarket asking benchmark of $3,167 per month at $4.45 per square foot. The building's nominal rent runs 31 percent above the submarket average, but that gap is driven entirely by suite size: active units average 1,075 square feet versus a submarket implied average of 712 square feet, a 363-square-foot delta. On a per-square-foot basis, the building trades at a 15.5 percent discount to the submarket asking rate, and its two active listings represent just 2 out of 61 available units in the Mimico rental pool.

Lofts at Mystic Pointe's realized lease rent of $2,850 per month sits $128 above the four-comp average of $2,722, a gap driven entirely by the subject's 1,100-square-foot suite rather than a per-square-foot premium. Tides at Mystic Pointe (185 Legion Rd N, 0.05 km) closed 9 leases at an average of $2,936 per month ($3.68 per square foot, 826 sq ft), meaning the subject trades at $86 lower than this peer. Skylofts at Mystic Pointe (250 Manitoba St, 0.06 km) closed 5 leases averaging $3,120 per month ($3.21 per square foot, 999 sq ft), placing the subject $270 below that benchmark. Phoenix (251 Manitoba St, 0.06 km) recorded 25 closed leases at $2,443 per month ($3.94 per square foot, 623 sq ft), so the subject commands $407 higher than this newer competitor. Sunset at California Condos (165 Legion Rd N, 0.07 km) closed 14 leases at $2,389 per month ($4.13 per square foot, 598 sq ft), with the subject $461 above that figure. All four comparables carry active transaction volume; none recorded zero closed leases, so every rent comparison reflects realized market pricing.

Lofts at Mystic Pointe leases at $2.59 per square foot for 1,100 square feet, a rate 30.7% below the four-comp average of $3.74 per square foot and 35.8% below the Mimico submarket leased benchmark of $4.00 per square foot, while delivering 338 more interior square feet than the comp mean of 762. Against Tides at Mystic Pointe, the subject trades at a $1.09 per square foot (29.6%) discount and provides 274 more interior square feet, so the lower nominal rent of $86 reflects a genuinely cheaper per-unit rate offset by a larger footprint. Skylofts at Mystic Pointe shows the same pattern: the subject trades at a $0.62 per square foot (19.3%) discount while providing 101 more square feet, and the $270 lower monthly rent is a function of the cheaper rate, not a smaller suite. Phoenix and Sunset at California Condos invert the nominal comparison—the subject's rent is $407 and $461 higher respectively—yet the subject still trades at a $1.35 per square foot (34.3%) and $1.54 per square foot (37.3%) discount, with 477 and 502 more interior square feet. In every case the rent variance is driven by the subject's expansive 1,100-square-foot footprint rather than asset valuation, making it the clear space-per-dollar play in this pocket.

Lofts at Mystic Pointe offers an 11-item amenity package anchored by a squash and racquetball court, hot tub and jacuzzi, rooftop terrace, and games and billiards room, a mid-tier lifestyle profile that trails the 21-amenity stacks at Tides at Mystic Pointe and Sunset at California Condos but edges out Phoenix's 14-feature list on two specific items. The squash and racquetball court and hot tub and jacuzzi are absent from Phoenix (251 Manitoba St), giving the subject a niche recreational edge over that 2022 competitor, though Tides, Skylofts, and Sunset all include both facilities alongside additional offerings such as indoor and outdoor pools, yoga studios, business centres, and pet wash stations. The subject lacks any aquatic facility, dedicated yoga or pilates studio, business centre, or pet-specific amenity, features that define the lifestyle packages at its three closest peers. This package best serves cost-conscious professionals and small households who want a spacious 1,100-square-foot interior with basic fitness, social, and recreational access without paying the premium attached to pool-heavy or pet-centric amenity suites in the same 75-metre radius.