No. 1 City Centre II — Rental Market Data

No. 1 City Centre II carries three active listings as of August 31, 2026, spanning a price range of $2,050 to $2,500 per month with an average asking rent of $2,250 and a median of $2,200. The average suite measures 617 square feet at an asking rate of $3.69 per square foot, and the inventory leans toward compact entry-level one-bedroom suites, which account for 66.7 percent of available units. The single two-bedroom listing represents the only multi-bedroom option currently on the market.

The dominant active layout at No. 1 City Centre II is the one-bedroom, with two listings representing 66.7 percent of current inventory at an average asking rent of $2,125 per month across 550 square feet and a rate of $3.86 per square foot. The two-bedroom tier holds one listing at 33.3 percent share, asking $2,500 per month for 750 square feet at $3.33 per square foot. Both tiers reflect small or single-transaction samples, so pricing should be read as directional rather than statistically robust.

No. 1 City Centre II shows a $450 spread between its minimum entry rent of $2,050 and peak asking rent of $2,500, a 22 percent range across three active listings. The median asking rent sits at $2,200 per month, anchoring the mid-point of the available inventory. The entry-level suite is a one-bedroom at 550 square feet priced at $3.73 per square foot, while the peak offering is a two-bedroom at 750 square feet asking $3.33 per square foot, illustrating how larger layouts carry a lower per-square-foot rate despite the higher absolute rent.

No. 1 City Centre II does not have a quantified den premium or square-footage delta in current active listings, as no paired den versus non-den comparison is available in the three-unit sample. Parking stall premiums also cannot be reliably isolated from current listings due to insufficient paired data, and no verified historical parking benchmark exists in the lease records. Renters should request individual parking and den pricing directly from the leasing office for any specific unit of interest.

No. 1 City Centre II asks an average of $2,250 per month at $3.69 per square foot, compared to the Mississauga City Centre submarket asking benchmark of $2,771 per month at $3.64 per square foot. The building's lower nominal rent is driven by its more compact 617-square-foot average suite size rather than a cheaper per-unit rate, as the per-square-foot asking actually runs 1.4 percent above the submarket average. No. 1 City Centre II accounts for three of the 242 active listings across the Mississauga City Centre submarket, representing roughly 1.2 percent of total available inventory.

No. 1 City Centre II's average closed-lease rent of $2,493 per month matches the four-building comp average of $2,493, placing it squarely at the centre of the Elm Drive micro-market. No. 1 City Centre I at 1 Elm Dr W leases at $2,411 per month ($3.28 per square foot, 725 sq ft), running $82 below the subject. Edge Towers 2 at 30 Elm Dr W averages $2,429 per month ($3.88 per square foot, 643 sq ft), $64 under the subject's realized rate. The Towne II at 55 Elm Dr W commands $2,600 per month ($2.89 per square foot, 928 sq ft), which is $107 above the subject despite its significantly larger suites. Edge Towers I at 36 Elm Dr W leases at $2,530 per month ($3.75 per square foot, 705 sq ft), $37 higher than the subject. The spread across this set is a modest $189, confirming a tightly banded rental corridor where building age and suite size drive more variation than location.

No. 1 City Centre II leases at $3.30 per square foot for an average 763-square-foot suite, positioning it at a competitive discount to the two Edge Towers buildings while commanding a small premium over the older No. 1 City Centre I and The Towne II. Against Edge Towers 2 ($3.88/sq ft, 643 sq ft), the subject offers 120 additional square feet at a rate $0.58 per square foot lower, giving renters a meaningfully larger interior for less per-unit cost. Versus Edge Towers I ($3.75/sq ft, 705 sq ft), the subject provides 58 more square feet at a $0.45 per square foot discount. The trade-off appears against No. 1 City Centre I ($3.28/sq ft, 725 sq ft), where the subject charges $0.02 more per square foot for 38 additional square feet—a negligible premium for the extra space. The Towne II presents the sharpest contrast: at $2.89 per square foot and 928 square feet, it is $0.41 per square foot cheaper than the subject but delivers 165 more interior square feet, making it the clear choice for renters prioritizing raw floor area over building age and amenity depth.

No. 1 City Centre II's 19-amenity package at 33 Elm Dr W extends beyond the standard concierge-and-gym baseline found across all four competitors, adding wellness, recreation, and convenience features that several nearby towers simply do not offer. The on-site Massage Room is absent from Edge Towers 2, Edge Towers I, and The Towne II, none of which provide in-building therapeutic services. The dedicated Juice Bar has no equivalent at any of the four comparables, giving residents a casual social hub that the Edge Towers pair and The Towne II lack entirely. The Golf Simulator distinguishes the subject from Edge Towers 2, Edge Towers I, and The Towne II, all of which omit this feature despite offering other recreation spaces. The In-Building Convenience Store is not present at Edge Towers 2, Edge Towers I, or The Towne II, removing the need for residents to leave the building for everyday essentials. Finally, the Outdoor Children's Playground is missing from No. 1 City Centre I and The Towne II, making the subject the only building in this immediate cluster catering to families with young children on-site. Together, this lifestyle package best serves young professionals and small families in Mississauga City Centre who want a full-service, walk-everywhere residence without stepping outside the building for fitness, social, or family programming.