The Richmond II — Rental Market Data

The Richmond II lists three active units as of August 31, 2026, with asking rents ranging from $2,250 to $2,400 per month, an average of $2,310 and a median of $2,280. Average suite size across the active inventory is 602 square feet at an asking rate of $3.86 per square foot. The layout mix skews toward compact one-bedroom suites, with two standard one-bedrooms (66.7 percent) and one one-bedroom-plus-den (33.3 percent), placing the building firmly in the entry-level and small-professional renter segment rather than the multi-bedroom executive tier.

The dominant active layout at The Richmond II is the one-bedroom, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,340 per month, 578 square feet, and $4.06 per square foot. The remaining one listing is a one-bedroom-plus-den at $2,250 per month, 650 square feet, and $3.46 per square foot, representing 33.3 percent of active stock as a single transaction. No two-bedroom or larger configurations are currently on the market.

The Richmond II's active asking rents span from a minimum of $2,250 to a peak of $2,400 per month, a dollar spread of $150 and a percentage spread of 6.7 percent. The median asking rent sits at $2,280 per month. The entry-level suite is a one-bedroom-plus-den at 650 square feet and $3.46 per square foot, while the peak asking unit is a one-bedroom at 605 square feet and $3.97 per square foot, reflecting a premium for the more compact footprint at a higher rate per square foot.

At The Richmond II, the active den premium is negative at minus $90 per month across a 73-square-foot delta, yielding a marginal cost of minus $1.23 per square foot for the additional den space, meaning the den unit actually asks less per month than the comparable one-bedroom despite its larger footprint. Active parking stall premiums cannot be reliably isolated due to an anomalous outlier or insufficient paired sample, so no verified parking add-on cost can be quoted for current listings.

The Richmond II's active asking rent of $2,310 per month and $3.86 per square foot both trail the St. Lawrence submarket asking benchmarks of $2,934 per month and $4.51 per square foot, placing the building 14.4 percent below the neighbourhood asking rate per square foot. The nominal rent gap of roughly $624 per month is largely explained by suite size: The Richmond II's average active listing at 602 square feet is more compact than the submarket norm, and the lower per-square-foot rate reflects the building's 2000 construction date and Tridel product positioning. The building accounts for three out of 116 available listings in the St. Lawrence submarket, or approximately 2.6 percent of total active inventory.

The Richmond II's all-time average realized lease rent of $2,092 per month sits $315 below the four-building comp benchmark of $2,407 and well under the St. Lawrence submarket lease average of $2,658 per month. Among active competitors, The Richmond I at 323 Richmond St E (0.02 km, 8 closed leases) averages $2,418 per month at $3.94 per square foot across 616 square feet; The Modern at 320 Richmond St E (0.05 km, 20 closed leases) averages $2,419 per month at $3.91 per square foot across 642 square feet; and Three 11 @ Imperial Square at 311 Richmond St E (0.06 km, 3 closed leases) averages $2,383 per month at $3.31 per square foot across 733 square feet. The Richmond II therefore realizes a lower monthly rent than every active competitor in this immediate pocket. Imperial Lofts – Tower at 90 Sherbourne St (0.05 km) recorded zero closed leases over the trailing 180 days and offers no realized rent benchmark for direct comparison.

The Richmond II leases at $3.59 per square foot across an average 583-square-foot suite, trading below the comp-set average of $3.72 per square foot and 664 square feet, and delivering a lower nominal monthly rent than every active nearby alternative. Against The Richmond I (0.02 km), the subject trades at a $0.35 per square foot discount while providing 33 fewer interior square feet, so the lower rate per square foot compounds with a smaller footprint to produce a meaningfully lower total rent. The Modern (0.05 km) shows a similar pattern: the subject offers an $0.32 per square foot discount and 59 fewer square feet, reinforcing its position as the more affordable option on the same block. Three 11 @ Imperial Square (0.06 km) inverts the per-square-foot dynamic—the subject commands a $0.28 per square foot premium over that building—yet still realizes a lower monthly rent because its suites are 150 square feet smaller, meaning the nominal rent gap is driven entirely by the reduced interior footprint rather than a weaker asset valuation. Across all three active competitors, the consistent theme is that The Richmond II's compact suite dimensions are the primary lever pulling total monthly cost below neighbouring buildings.

The Richmond II provides a 13-item amenity suite spanning concierge and security, gym and fitness centre, sauna and steam room, hot tub and jacuzzi, rooftop terrace, basketball court, media and theatre room, meeting room, games and billiards room, party and lounge room, BBQ area, garden and courtyard, and an EV charging station—a notably broad package for a 2000-era building. The Richmond I (0.02 km) mirrors most of these features but adds change rooms and outdoor showers that the subject lacks, while The Modern (0.05 km) differentiates with an outdoor pool, yoga studio, pet wash station, and outdoor shower—lifestyle amenities the subject does not offer. Three 11 @ Imperial Square (0.06 km) carries a slimmer set with no concierge, no sauna or hot tub, and no media or meeting room, making the subject's wellness and remote-work offerings a clear step up. Imperial Lofts – Tower (0.05 km) provides only a party room, rooftop terrace, BBQ area, and concierge, leaving the subject's fitness, aquatic, and entertainment facilities well ahead. The EV charging station at The Richmond II is absent from every named competitor and speaks to a forward-looking infrastructure choice. This amenity mix best serves young professionals and small households who want a full-service lifestyle package—gym, sauna, social spaces, and remote-work infrastructure—without paying the premium attached to pool-and-pet-wash buildings like The Modern, and who value the convenience of a 24-hour concierge and on-site parking-adjacent EV charging in a dense St. Lawrence corridor location.