Royal Palace Apartments — Rental Market Data

Royal Palace Apartments lists four active suites as of August 31, 2026, spanning $1,875 to $2,400 per month with an average asking rent of $2,106 and a median of $2,075. The average suite measures 838 square feet at $2.59 per square foot, and one-bedroom layouts dominate the active inventory at 50 percent of available units. Current availability skews toward compact entry-level suites, with the two-bedroom and three-bedroom-plus tiers each represented by a single listing.

One-bedroom suites lead the active inventory at two listings, representing 50 percent of available units with an average asking rent of $1,875 per month across 650 square feet at $2.88 per square foot. The two-bedroom tier holds one listing at 25 percent share, asking $2,275 per month for 950 square feet at $2.39 per square foot, while the three-bedroom-plus tier also carries one listing at 25 percent, priced at $2,400 per month for 1,100 square feet at $2.18 per square foot.

Royal Palace Apartments offers an active asking spread of $525 per month (28 percent), ranging from a $1,875 entry point to a $2,400 peak. The median asking rent sits at $2,075 per month, anchoring the mid-range of available suites. The entry-level one-bedroom spans 650 square feet at $2.88 per square foot, while the peak three-bedroom-plus suite covers 1,100 square feet at $2.18 per square foot, reflecting a clear inverse relationship between size and rate density across the building's current availability.

Royal Palace Apartments does not currently have a quantified den premium or square-footage delta for den-equipped suites, as no paired comparison data is available in the active listings. Parking stall premiums also cannot be reliably isolated from current listings due to insufficient paired sample data, and no verified parking cost benchmark exists in the historical lease record either. Renter inquiries on parking and den pricing should be directed to the leasing office for unit-specific quotes.

Royal Palace Apartments asks an average of $2,106 per month at $2.59 per square foot, compared to the Scarborough South submarket asking benchmark of $2,482 per month and $3.92 per square foot. The building's per-square-foot asking rate sits 33.9 percent below the submarket average, and because both nominal rent and rate density are lower, the pricing advantage is not driven by compact suite sizing but reflects genuinely competitive unit pricing. With four active listings against a submarket total of 32, Royal Palace Apartments represents approximately 12.5 percent of current Scarborough South rental inventory.

Royal Palace Apartments' all-time average realized lease rent of $2,183 per month undercuts the four-building comp benchmark of $2,738 by $555, or roughly 20 percent, with Prominence Point and Gates of Guildwood as the primary active pricing references. Prominence Point at 90 Dale Ave (1.59 km) closed five leases averaging $2,690 per month at $2.51 per square foot across 1,071 square feet. Gates of Guildwood at 20 Guildwood Pkwy (1.67 km) closed three leases averaging $3,175 per month at $3.99 per square foot across 891 square feet. Guildwood Terrace at 3231–3233 Eglinton Ave E (1.70 km) closed one lease at $2,350 per month, $3.13 per square foot, and 750 square feet. Gates of Guildwood South at 10 Guildwood Pkwy (1.67 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark to cite.

Royal Palace Apartments leases at $2.78 per square foot across an average 817-square-foot suite, pricing below the comp-set average of $3.21 per square foot and 904 square feet while offering a 2026-built product against 1990–1992 stock. Against Prominence Point, the subject trades at a $0.27 per square foot (10.8 percent) premium but provides 254 fewer interior square feet, meaning the higher nominal rent is driven by a smaller footprint rather than more expensive unit pricing. Versus Gates of Guildwood, the subject commands a $1.21 per square foot (30.3 percent) discount while delivering 74 fewer square feet, so tenants gain meaningful per-square-foot savings despite a slightly tighter layout. Compared with Guildwood Terrace, the subject offers a $0.35 per square foot (11.2 percent) discount and 67 more interior square feet, giving renters both a lower rate and additional living area in a single trade.

Royal Palace Apartments pairs a gym and fitness centre with a shared laundry room and an outdoor garden courtyard, a leaner but functionally distinct package against the resort-style amenity stacks at its 1990–1992 peers. The shared laundry room is absent from all four comparables—Prominence Point, Gates of Guildwood South, Gates of Guildwood, and Guildwood Terrace each rely on in-unit or off-site laundry arrangements—giving the subject a genuine convenience differentiator for tenants who prefer on-site, communal washing. The garden and courtyard at Royal Palace Apartments overlaps with the outdoor spaces at Gates of Guildwood South and Guildwood Terrace but contrasts sharply with the indoor-pool-and-sauna-heavy profiles at Prominence Point and Gates of Guildwood, which allocate capital to heated aquatic facilities rather than open-air green space. This amenity mix—practical laundry access, a fitness centre, and a low-maintenance outdoor courtyard without the overhead of pools, squash courts, or media theatres—best serves cost-conscious professionals and young households who prioritize in-unit convenience and outdoor relaxation over resort-style recreation.