Pearl Condominiums — Rental Market Data

Pearl Condominiums carries five active listings as of August 31, 2026, spanning $2,350 to $3,500 per month with an average asking rent of $2,990 and a median of $3,000. Average suite size across the active pool is 788 square feet at $4.02 per square foot, and the inventory leans toward mid-range two-bedroom-plus-den layouts (60 percent share) rather than compact entry-level one-bedrooms or large executive three-bedroom suites, which each hold a single unit.

The dominant active layout at Pearl Condominiums is the two-bedroom-plus-den, accounting for three of five listings and a 60 percent inventory share. The one-bedroom tier holds a single 400-square-foot unit asking $2,350 per month at $5.88 per square foot, while the three-bedroom-plus tier offers one 950-square-foot suite at $3,500 per month and $3.68 per square foot. The two-bedroom-plus-den units average 864 square feet at $3,033 per month and $3.51 per square foot, making them the most space-efficient option in the current pool.

Pearl Condominiums active availability spans from a $2,350 entry point to a $3,500 peak, a dollar spread of $1,150 representing a 48.9 percent range. The median asking rent sits at $3,000 per month. The entry-level suite is a 400-square-foot one-bedroom priced at $5.88 per square foot, while the peak offering is a 950-square-foot three-bedroom-plus layout at $3.68 per square foot—nearly double the footprint at a rate only 49 percent higher.

Pearl Condominiums active listings do not provide a quantifiable den premium; the dollar amount and square-footage delta between den and non-den suites remain unquantified from current paired data. Parking stall costs likewise cannot be reliably isolated from the five active listings, as the sample is too small or contains anomalous outliers to establish a dependable monthly add-on figure.

Pearl Condominiums asks an average of $2,990 per month at $4.02 per square foot, compared to the North York City Centre submarket asking benchmark of $2,753 per month and $3.84 per square foot. The building's 4.7 percent per-square-foot premium over the submarket reflects its larger average suite size (788 square feet) and two-bedroom-plus-den dominance rather than a pure rate markup. Pearl's five active listings represent roughly 2.3 percent of the submarket's 216 total active listings.

Pearl Condominiums' average closed-lease rent of $2,913 per month sits $340 below the four-comparable average of $3,253, with individual competitors ranging from $2,773 to $3,900. Platinum Towers I at 23 Hollywood Ave closed leases averaging $2,773 per month at $3.51 per square foot over 811 square feet. Hollywood Plaza I at 18 Hollywood Ave recorded an average of $3,900 per month at $4.60 per square foot across 1,063 square feet. Hollywood Plaza II at 28 Hollywood Ave averaged $3,350 per month at $3.39 per square foot over 975 square feet, and Platinum XO at 18 Spring Garden Ave closed at $2,988 per month at $3.30 per square foot across 919 square feet.

Pearl Condominiums leases at $3.66 per square foot over an average 800-square-foot suite, placing it at a discount to Hollywood Plaza I ($4.60 per square foot) but at a premium to Platinum Towers I ($3.51), Hollywood Plaza II ($3.39), and Platinum XO ($3.30). Renters choosing the subject building accept 11 fewer square feet than a typical Platinum Towers I unit, 263 fewer than a Hollywood Plaza I suite, 175 fewer than a Hollywood Plaza II unit, and 119 fewer than a Platinum XO suite. In exchange, the 2011 construction and amenity package justify the per-square-foot premium over the three lower-priced competitors, while the $0.94-per-square-foot savings versus Hollywood Plaza I makes the subject the more cost-efficient option for tenants who prioritise building age and lifestyle features over raw interior area.

Pearl Condominiums offers a 13-feature amenity suite that outperforms or differentiates from each of its four nearby competitors on several signature offerings. The building's dedicated Business Centre is absent from Platinum Towers I, Hollywood Plaza II, and Platinum XO, giving professionals on-site workspace beyond a basic meeting room. Its full Dining Room & Kitchen is not replicated at any of the four comparables, distinguishing it for tenants who host or prefer in-building social dining. A dedicated Card Room appears only at Pearl Condominiums within this cluster, whereas competitors offer generic games or billiards rooms. The Media & Theatre Room is missing from both Hollywood Plaza towers, and the Hot Tub & Jacuzzi is absent from Platinum XO. Together, these features best serve young professionals and small households in North York City Centre who want a turnkey social and work-from-home environment without sacrificing the convenience of a 2011-built, concierge-guarded building steps from the core.