The King East — Rental Market Data

The King East has 2 active listings as of August 31, 2026, spanning $1,880 to $2,250 per month with an average and median rent of $2,065. The blended asking rate is $3.30 per square foot across a 650 square foot average footprint. Both layouts represent single listings at 50 percent share each, with inventory split between a 550 square foot one-bedroom and a 750 square foot two-bedroom rather than concentrating in either entry-level or multi-bedroom executive tiers.

The King East's active inventory is evenly divided, with one one-bedroom (50 percent) and one two-bedroom (50 percent) each constituting a single listing. The one-bedroom asks $2,250 per month at 550 square feet and $4.09 per square foot, while the two-bedroom lists at $1,880 per month across 750 square feet at $2.51 per square foot. Neither tier offers multiple options for renters to compare within the building.

The King East's two active listings span a $370 spread, or 19.7 percent, from a minimum of $1,880 to a peak of $2,250 per month. The median asking rent sits at $2,065 per month. The entry-level suite is a 750 square foot two-bedroom priced at $2.51 per square foot, while the peak listing is a 550 square foot one-bedroom commanding $4.09 per square foot.

The King East's active den premium and associated square footage delta cannot be quantified from current listings, as no paired den versus non-den transactions are available in the active sample. Parking stall premiums also cannot be reliably isolated from the available data, and no verified monthly parking add-on can be quoted to prospective renters at this time.

The King East's active asking rate of $3.30 per square foot sits 24.3 percent below the Downtown East submarket asking benchmark of $4.36 per square foot, while the average asking rent of $2,065 per month trails the submarket average of $2,636. The building's 650 square foot average footprint is 45 square feet larger than the submarket implied average of 605 square feet, meaning the lower rate per square foot reflects genuinely more generous suite sizing rather than a pricing concession. The King East represents 2 out of 192 available listings in the Downtown East submarket.

The King East's all-time average realized lease rent of $2,197 per month trades $445 below the four-comp benchmark of $2,642 per month, with every nearby competitor recording higher realized rents. The Derby at 393 King St E (0.08 km, 7 closed leases) averages $3,100 per month at $3.76 per square foot across 832 square feet; Bauhaus at 284 King Street E (0.14 km, 43 closed leases) averages $2,428 per month at $4.31 per square foot across 580 square feet; East United Condos at 120 Parliament St (0.15 km, 31 closed leases) averages $2,317 per month at $4.24 per square foot across 565 square feet; and home. Power + Adelaide at 48-50 Power St (0.2 km, 35 closed leases) averages $2,723 per month at $4.05 per square foot across 688 square feet. All four competitors recorded active lease transactions over the trailing 180 days, so each provides a realized rent benchmark rather than a zero-volume architectural reference.

The King East's realized rate of $4.11 per square foot across an average 552-square-foot suite positions it at a slight premium to the comp-set average of $4.09 per square foot while delivering materially less interior space than the 666-square-foot comp benchmark. Against The Derby, the subject commands a $0.35 per square foot (9.3%) premium yet provides 280 fewer interior square feet, meaning the $903-per-month lower rent is driven by the smaller footprint rather than weaker asset valuation. Versus Bauhaus, the subject trades at a $0.20 per square foot (4.6%) discount and offers 28 fewer square feet, with the $231-per-month difference reflecting both a marginally lower rate and a slightly tighter suite. East United Condos shows a similar pattern: the subject trades at a $0.13 per square foot (3.1%) discount with 13 fewer square feet, accounting for the $120-per-month gap. Against home. Power + Adelaide, the subject commands a $0.06 per square foot (1.5%) premium while providing 136 fewer square feet, so the $526-per-month lower rent is a function of the reduced interior area rather than a weaker per-foot rate.

The King East offers a seven-item amenity package—concierge and security, party and lounge room, meeting room, BBQ area, rooftop terrace, gym and fitness centre, and garden and courtyard—that sits in the mid-tier of its immediate peer set. The Derby provides only concierge and security, making the subject's offering substantially richer in lifestyle programming. Bauhaus adds a shared laundry room and an outdoor children's playground that the subject does not include, while East United Condos layers on a yoga studio, sauna and steam room, pet wash station, games and billiards room, media and theatre room, music room, hobby room, and wellness zone—features entirely absent from The King East. home. Power + Adelaide similarly extends its package with an outdoor pool, sauna and steam room, business centre, dining room and kitchen, pet wash station, artists' workshop, and change rooms. The subject's package best serves cost-conscious young professionals and small households who want a functional gym, rooftop access, and social spaces without paying the premium attached to full wellness suites, aquatic facilities, or dedicated pet-care infrastructure.