326 Hunter East — Rental Market Data

326 Hunter East's average realized lease rent of $1,661 per month exceeds the two-active-comp benchmark of $1,425 per month by $236, driven primarily by the low single-transaction reading at 72 Victoria Avenue South. 356 Hunter E at 356 Hunter Street E (0.1 km, one closed lease) recorded an average rent of $1,850 per month at $2.85 per square foot across 650 square feet, meaning the subject trades at a $189-per-month lower rent than this peer. 72 Victoria Avenue South (0.14 km, one closed lease) logged an average rent of $1,000 per month with no reported per-square-foot or square-footage figures, placing the subject $661 higher on nominal rent. 352 Hunter E (0.08 km) and Claremount Court (0.26 km) each recorded zero closed leases over the trailing 180 days, so neither provides a realized rent benchmark against which to measure the subject.

326 Hunter East leases at $2.80 per square foot across an average 594-square-foot suite, positioning it at a $0.05-per-square-foot (1.8%) discount below 356 Hunter E's $2.85 rate while delivering 56 fewer interior square feet than that competitor's 650-square-foot average. The lower nominal rent of $1,661 versus 356 Hunter E's $1,850 is therefore a function of both the smaller interior footprint and the modest per-square-foot discount, not a mispricing of the asset itself. Against 72 Victoria Avenue South, where per-square-foot and square-footage data are unavailable from its single closed lease, the subject's $1,661 rent sits $661 above that comp's $1,000 reading; with no confirmed size or rate differential to explain the gap, this spread likely reflects the subject's established lease history versus 72 Victoria's initial-occupancy pricing. Relative to the Central Hamilton submarket average of $3.09 per square foot, the subject's $2.80 rate represents a 9.4% discount, a value proposition anchored in its compact layout and minimal operating overhead.

326 Hunter East provides a single shared facility—a Shared Laundry Room—operating as a no-frills, low-maintenance residential building that appeals to cost-conscious renters prioritizing rent-to-amenity ratio over lifestyle programming. 356 Hunter E layers on a Concierge & Security desk alongside its Shared Laundry Room, while 72 Victoria Avenue South pairs its Shared Laundry Room with a Gym & Fitness Centre, giving both active competitors a broader lifestyle package that the subject does not match. 352 Hunter E mirrors the subject's single-amenity profile with a Shared Laundry Room, and Claremount Court offers no common facilities at all, confirming that the subject's offering is mid-range within this immediate pocket. The primary tenant demographic best served by 326 Hunter East's lean package is the budget-sensitive professional or student renter who values a walkable Central Hamilton location and predictable monthly costs over concierge service, fitness access, or other recreational amenities.