Valera - V2 — Rental Market Data

Valera - V2 carries six active listings as of August 31, 2026, spanning a price range from $2,200 to $2,700 per month with an average asking rent of $2,525 and a median of $2,575. Suites average 665 square feet at an asking rate of $3.80 per square foot, and the inventory skews heavily toward multi-bedroom layouts, with two-bedroom units accounting for 83.3 percent of available space. The single one-bedroom-plus-den listing at the entry price point is the only compact option currently on the market.

The dominant active layout at Valera - V2 is the two-bedroom, with five listings representing 83.3 percent of current inventory at an average asking rent of $2,590 per month across 668 square feet and a rate of $3.89 per square foot. The one-bedroom-plus-den tier holds a single listing at $2,200 per month for 650 square feet, priced at $3.38 per square foot. With no zero-occupancy tiers, renters have options across both bedroom categories, though the den suite is a one-unit scarcity play.

Valera - V2's active availability spans from a minimum entry rent of $2,200 to a peak asking rent of $2,700, producing a dollar spread of $500 and a percentage spread of 22.7 percent. The median asking rent of $2,575 per month sits near the midpoint of that range. The entry-level suite is a one-bedroom-plus-den at 650 square feet and $3.38 per square foot, while the peak listing is a two-bedroom at 750 square feet and $3.60 per square foot.

Valera - V2 does not currently have a quantified den premium or square-footage delta isolating the cost of den space from base one-bedroom pricing, as the single den listing cannot support a reliable marginal-cost calculation. Parking stall premiums also cannot be reliably isolated from current active listings due to insufficient paired samples, and historical lease data does not provide a verified parking benchmark. Renters should request individual parking quotes directly from the leasing office rather than relying on market-wide estimates.

Valera - V2's average asking rent of $2,525 per month and $3.80 per square foot both exceed the Burlington North submarket benchmarks of $2,385 per month and $3.57 per square foot, placing the building at a 6.4 percent premium on a per-square-foot basis. Because average suite sizes are comparable between the building and the broader submarket, the higher nominal rent reflects genuinely elevated unit pricing rather than a footprint advantage. Valera - V2 accounts for six of the 39 active listings in the Burlington North submarket, representing roughly 15 percent of total available inventory.

Valera – V2's all-time average lease rent of $2,330 per month runs $126 below the four-comp average of $2,456, positioning it as the value anchor in this immediate cluster. Valera – V1 at 3210 Dakota Common (0.08 km) closed leases averaging $2,363 per month at $3.55 per square foot across 675-square-foot suites. Realm Condos at 4853 Thomas Alton Boulevard (0.23 km) recorded $2,225 per month at $3.42 per square foot over 650 square feet. Realm Condos at 4878 Powers Common Street (0.32 km) posted $2,136 per month at $3.40 per square foot across 639 square feet. 4870 Palladium Way (0.32 km), with its single closed lease, averaged $3,100 per month at $2.58 per square foot over a much larger 1,200-square-foot layout. The spread tells a clear story: Valera – V2 sits between the two Realm buildings and its sister tower on absolute rent while delivering more interior space than both Realm options.

Valera – V2 leases at $3.55 per square foot across an average 669-square-foot suite, a rate that trades at exact parity with Valera – V1, carries a $0.13 per-square-foot premium over Realm Condos at Thomas Alton Boulevard ($3.42/SF, 650 sq ft), a $0.15 per-square-foot premium over Realm Condos at Powers Common ($3.40/SF, 639 sq ft), and a $0.97 per-square-foot premium over 4870 Palladium Way ($2.58/SF, 1,200 sq ft). Against the Burlington North submarket benchmark of $3.43 per square foot, the subject building's leased rate sits roughly 3.5 percent above market. The trade-off for tenants is straightforward: compared with the two Realm Condos buildings, a Valera – V2 renter gains 19 to 30 additional square feet of interior space for a modest $0.13-to-$0.15 per-square-foot increase, effectively paying less than $30 per month more for meaningfully more living area. Versus Palladium Way, the subject offers a far more compact 669-square-foot footprint at a premium per-square-foot rate, but the building is already stabilized and occupied, eliminating the 2026 delivery uncertainty that defines that project.

Valera – V2 assembles a resort-style amenity suite that outperforms three of its four nearby competitors on lifestyle and social infrastructure. The building's outdoor pool is absent from both Realm Condos towers and from 4870 Palladium Way, each of which substitutes a basketball court for aquatic recreation. Its dedicated fire pit gathering area has no equivalent at any of the four comparables, giving residents an outdoor social space that the Realm buildings and Palladium Way simply do not offer. The games and billiards room distinguishes Valera – V2 from both Realm Condos properties and Palladium Way, none of which include a dedicated billiards or games lounge. The media and theatre room is missing from Realm Condos at Thomas Alton Boulevard and from Palladium Way, leaving those tenants without an in-building screening space. Finally, the garden and courtyard feature at Valera – V2 is absent from its sister tower Valera – V1, adding a landscaped outdoor retreat that the closest competitor cannot match. Collectively, this amenity profile—pool, fire pit, billiards, theatre, and courtyard—serves lifestyle-driven young professionals and small families who prioritize resort-calibre social spaces and outdoor recreation over the business-centre and kids'-playroom emphasis found at the Realm Condos buildings.