Cornerstone in Alton Village West — Rental Market Data

Cornerstone in Alton Village West has three active rental listings as of August 31, 2026, spanning a price range of $2,300 to $2,800 per month with an average asking rent of $2,467 and a median of $2,300. The three suites average 733 square feet at a combined asking rate of $3.37 per square foot. Inventory is evenly split across three distinct layout tiers—one 1-bedroom, one 1-bedroom plus den, and one 2-bedroom—so the building currently offers no concentrated entry-level or multi-bedroom depth; each tier represents a single available unit.

The dominant active layout at Cornerstone in Alton Village West is the 1-bedroom, with one listing representing 33.3 percent of available inventory at an average asking rent of $2,300 per month on 650 square feet at $3.54 per square foot. The 1-bedroom plus den tier also holds one unit at 33.3 percent share, asking $2,300 per month on 699 square feet at $3.29 per square foot, while the 2-bedroom tier accounts for the remaining 33.3 percent with a single listing at $2,800 per month on 850 square feet at $3.29 per square foot. Every layout category is a single-listing tier, so renters cannot compare multiple units within the same bedroom configuration.

Cornerstone in Alton Village West shows an active asking spread of $500 per month, or 21.7 percent, between the entry-level 1-bedroom at $2,300 and the peak 2-bedroom at $2,800. The median asking rent sits at $2,300 per month, anchored by the two lower-tier suites. The entry-level 1-bedroom offers 650 square feet at $3.54 per square foot, while the peak 2-bedroom provides 850 square feet at $3.29 per square foot, meaning the larger suite delivers a lower rate per square foot despite the higher nominal rent.

Cornerstone in Alton Village West shows no quantified den premium in its active inventory; the 1-bedroom plus den suite carries a $0 dollar premium over the standard 1-bedroom despite a 49-square-foot footprint increase, yielding a marginal cost of $0 per square foot for the additional den space. Active parking stall premiums cannot be reliably isolated from the current data due to an insufficient paired sample, so no verified monthly parking add-on can be quoted for these listings.

Cornerstone in Alton Village West asks an average of $2,467 per month at $3.37 per square foot, compared to the Burlington North submarket asking benchmark of $2,385 per month at $3.57 per square foot. The building's active suites average 733 square feet, which is 65 square feet larger than the submarket implied average of 668 square feet, explaining why the nominal rent runs above the submarket average even though the per-square-foot rate sits 5.6 percent below the submarket asking benchmark. The three active listings represent approximately 7.7 percent of the 39 total available units tracked across the Burlington North submarket.

Cornerstone in Alton Village West realized an average lease rent of $2,325 per month over its full leasing history, sitting $43 above the four-comp blended benchmark of $2,282. Against Cornerstone in Alton Village East (3060 Rotary Way, 0.17 km, 1 closed lease), the subject commands a higher monthly rent of $125, with the comp averaging $2,200 per month at $3.38 per square foot across 650 square feet. Versus Valera – V2 (3200 Dakota Common, 1.82 km, 20 closed leases), the subject trades at a lower monthly rent of $27, with the comp averaging $2,352 per month at $3.59 per square foot across 667 square feet. Against Realm Condos (4853 Thomas Alton Boulevard, 1.84 km, 2 closed leases), the subject commands a higher monthly rent of $100, with the comp averaging $2,225 per month at $3.42 per square foot across 650 square feet. 2240 Headon Road (1.5 km, estimated completion 2026) recorded 1 closed lease at an average of $2,350 per month across 1,600 square feet at $1.47 per square foot; the subject trades at a lower monthly rent of $25 relative to this reference building, though the single-transaction sample and future completion timeline limit its use as a firm pricing benchmark.

Cornerstone in Alton Village West leases at $3.35 per square foot across an average 700-square-foot suite, positioning it at a modest discount on rate per square foot against three of four nearby active competitors while providing more interior space than each. Against Cornerstone in Alton Village East, the subject trades at a $0.03 per square foot (0.9%) discount, offering 50 more interior square feet than the comp's 650-square-foot average. Versus Valera – V2, the subject trades at a $0.24 per square foot (6.7%) discount while providing 33 more interior square feet than the comp's 667-square-foot average. Against Realm Condos, the subject trades at a $0.07 per square foot (2.0%) discount with 50 more interior square feet than the comp's 650-square-foot average. The one exception is 2240 Headon Road, where the subject commands a $1.88 per square foot (127.9%) premium over the comp's $1.47 rate, but this comparison is distorted by the comp's 1,600-square-foot footprint—900 square feet larger than the subject's average suite—making the nominal rent variance a function of interior scale rather than asset valuation.

Cornerstone in Alton Village West offers a practical, family-oriented amenity package—Party & Lounge Room, Meeting Room, Children's Playground (Outdoor), Concierge & Security, Dining Room & Kitchen, and Shared Laundry Room—that sits below the wellness-and-aquatic programming of its 2023–2024 competitors but above the zero-amenity profile of 2240 Headon Road. The subject's Dining Room & Kitchen and Shared Laundry Room are absent from Cornerstone in Alton Village East, which instead offers a Garden & Courtyard the subject lacks. Against Valera – V2, the subject forgoes the Outdoor Pool, Sauna & Steam Room, Gym & Fitness Centre, Yoga Studio, EV Charging Station, Rooftop Terrace, Pet Wash Station, and Fire Pit that define that building's lifestyle package. Realm Condos similarly outpaces the subject with its Gym & Fitness Centre, Yoga Studio, Sauna & Steam Room, Basketball Court, EV Charging Station, Rooftop Terrace, Pet Wash Station, and Parcel Lockers. The subject's package—anchored by a dedicated dining room, outdoor children's play area, and meeting space without a gym or pool—best serves cost-conscious families and young professionals in Burlington North who prioritize communal dining, child-friendly outdoor space, and low-maintenance living over the aquatic, fitness, and pet-service programming that characterizes the newer 2023–2024 buildings in this pocket.