Limelight - North Tower — Rental Market Data

Limelight – North Tower has one active listing as of August 31, 2026, asking $2,525 per month with both the average and median rent at $2,525. The available suite spans 874 square feet at an asking rate of $2.89 per square foot. This single listing is a two-bedroom layout, meaning 100 percent of current active inventory sits in the multi-bedroom tier rather than compact entry-level one-bedroom or studio configurations.

The dominant and sole active layout at Limelight – North Tower is the two-bedroom, with one unit representing 100 percent of available inventory. That listing asks $2,525 per month for 874 square feet, equating to $2.89 per square foot. No one-bedroom, studio, or three-bedroom units are currently on the market, so renters seeking alternative bedroom counts must look to other Mississauga City Centre buildings.

With only one active listing at Limelight – North Tower, the minimum and maximum asking rents are both $2,525 per month, producing a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent is likewise $2,525. The entry-level and peak suite are the same unit: an 874-square-foot two-bedroom at $2.89 per square foot, so no intra-building price gradient can be assessed from current inventory.

Den premium data for Limelight – North Tower cannot be quantified from the current active sample, as no paired den versus non-den listings exist to isolate the marginal cost per square foot of additional den space. Active parking premiums also cannot be reliably isolated; the available paired sample is too small or contains anomalous outliers to produce a defensible monthly parking add-on figure.

Limelight – North Tower's active asking rent of $2,525 per month and $2.89 per square foot both trail the Mississauga City Centre submarket benchmarks of $2,771 per month and $3.64 per square foot, placing the building 20.6 percent below the submarket asking rate per square foot. The nominal rent is $246 lower than the submarket average, but the active suite's 874-square-foot footprint is materially larger than typical city centre listings, which explains why the per-square-foot rate compresses even as the monthly figure remains competitive. Limelight – North Tower accounts for one out of 242 available listings in the Mississauga City Centre submarket, a 0.4 percent share of total active inventory.

Limelight – North Tower's average realized lease rent of $2,386 per month sits $6 below the four-building comp benchmark of $2,392, with the primary active competitors being Limelight – South Tower (365 Prince of Wales Dr, 0.09 km, 14 closed leases, $2,404 average rent, $3.55 per square foot, 699 sq ft), Condominiums at Square One District (395 Square One Dr, 0.13 km, 24 closed leases, $2,516 average rent, $3.61 per square foot, 705 sq ft), and Chicago Condominiums (385 Prince of Wales Dr, 0.17 km, 20 closed leases, $2,255 average rent, $3.74 per square foot, 621 sq ft). Limelight North Tower at 370 Square One Drive (0.1 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark for direct comparison. The subject's $2,386 figure falls between Chicago's $2,255 floor and Square One District's $2,516 ceiling, confirming a mid-range positioning within this immediate micro-market.

Limelight – North Tower leases at $3.54 per square foot for an average 687-square-foot suite, trading below the comp-set average of $3.63 per square foot and 675 square feet, which gives renters a modest rate advantage paired with slightly more interior space than the blended benchmark. Against Limelight – South Tower, the subject trades at a $0.01 per square foot discount (0.3% below) while providing 12 fewer interior square feet, and the nominal rent comes in $18 per month lower. Compared with Condominiums at Square One District, the subject offers a $0.07 per square foot discount (1.9% below) with 18 fewer interior square feet, and the monthly rent is $130 lower. The sharpest trade-off appears with Chicago Condominiums: the subject commands $131 per month higher rent yet trades at a $0.20 per square foot discount (5.3% below) because it provides 66 more interior square feet; the nominal rent premium is driven entirely by the larger footprint rather than a per-unit valuation advantage, making the subject the most space-efficient option in the cluster for renters prioritizing square footage over the lowest absolute dollar figure.

Limelight – North Tower fields a 13-item lifestyle package anchored by a Hot Tub & Jacuzzi, Spin Studio, Sauna & Steam Room, Basketball Court, and Rooftop Terrace, positioning it as a fitness-and-social-recreation building within the Square One corridor. The Hot Tub & Jacuzzi is absent from both Limelight – South Tower (which substitutes a car-share program) and Condominiums at Square One District (which instead offers a Rock Climbing Wall, Kids' Play Room, and Business Centre), while the Spin Studio is unique to the subject and South Tower among the four peers. Chicago Condominiums carries the most expansive amenity list in the set—Indoor Pool, Golf Simulator, Yoga Studio, Rock Climbing Wall, Children's Playground, and Dining Room & Kitchen—features the subject does not replicate. The subject's package, emphasizing active fitness (gym, spin studio, basketball court), thermal wellness (hot tub, sauna/steam), and social gathering (party lounge, games room, rooftop terrace), is best suited to active professionals and young couples in their late twenties to mid-thirties who prioritize daily workout access and informal social space over family-oriented programming or luxury aquatic facilities.