Cityplace Matrix B — Rental Market Data

Cityplace Matrix B has exactly one unit listed for rent as of August 31, 2026, with an asking rent of $4,000 per month (minimum, average, and median all identical at $4,000). The available suite spans 1,100 square feet at a rate of $3.64 per square foot and is configured as a 2-Bedroom + Den, representing 100 percent of the building's active inventory. With no one-bedroom, studio, or standard two-bedroom units on the market, the current offering leans entirely toward a large executive layout rather than compact entry-level space.

The sole active listing at Cityplace Matrix B is a 2-Bedroom + Den unit, accounting for 100 percent of available inventory as a single-listing tier. That one suite asks $4,000 per month across 1,100 square feet, equating to $3.64 per square foot. No other bedroom tier—studio, one-bedroom, or standard two-bedroom—currently has an active listing in the building.

Cityplace Matrix B's single active listing sets both the minimum and maximum asking rent at $4,000 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 2-Bedroom + Den at 1,100 square feet priced at $3.64 per square foot. Because only one unit is on the market, there is no internal price gradient to compare across layout tiers.

Cityplace Matrix B's active den premium and the associated square-footage delta cannot be quantified from the current single-listing sample, as no paired two-bedroom versus two-bedroom-plus-den transactions exist in the active inventory. Parking stall costs likewise cannot be reliably isolated; the data set flags the parking premium as an unreliable outlier or insufficient paired sample, so no specific monthly figure should be quoted to renters.

Cityplace Matrix B's active asking rate of $3.64 per square foot undercuts the CityPlace / Fort York submarket asking benchmark of $4.58 per square foot by approximately 20.5 percent, even though the nominal monthly rent of $4,000 exceeds the submarket average asking rent of $3,101. That nominal gap is entirely a function of suite size: the 1,100-square-foot active listing is roughly 61 percent larger than the submarket's typical asking footprint, which compresses the per-square-foot rate. The building currently holds one out of 148 available listings in the submarket, representing a 0.7 percent share of total active inventory.

Cityplace Matrix B's one-year average realized rent of $2,987 per month runs $66 above the four-comp benchmark of $2,921, with the spread driven primarily by its premium over Fly Condominiums and Element. Apex at Cityplace (C) at 381 Front St W, 0.04 km away, closed 4 leases averaging $3,438 per month at $3.91 per square foot across 884 square feet, meaning the subject commands a $451-per-month higher rent than this nearest peer. Cityplace Matrix A at 361 Front St W, 0.05 km away, closed 7 leases at $2,861 per month, $4.05 per square foot, and 715 square feet, placing the subject $126 per month lower. Fly Condominiums at 352 Front St W, 0.06 km away, generated the highest volume with 31 closed leases at $2,561 per month, $4.28 per square foot, and 607 square feet, so the subject trades $426 per month above Fly. Element at 20 Blue Jays Way, 0.10 km away, closed 10 leases at $2,825 per month, $3.82 per square foot, and 745 square feet, with the subject $162 per month higher.

Cityplace Matrix B leases at $4.50 per square foot across an average 686-square-foot suite, a rate that sits above every active competitor in this pocket while the interior footprint is smaller than three of the four peers. Against Apex at Cityplace (C), the subject trades at a $0.59 per square foot (15.1%) premium yet provides 198 fewer interior square feet, so the higher nominal rent of $451 per month reflects both a steeper per-foot rate and a meaningfully smaller unit. Versus Cityplace Matrix A, the subject carries a $0.45 per square foot (11.1%) premium with 29 fewer square feet, producing a $126-per-month lower total rent because the compact footprint more than offsets the rate advantage. Fly Condominiums presents the sharpest trade-off: the subject commands a $0.22 per square foot (5.1%) premium while delivering 79 more interior square feet, so the $426-per-month higher rent is driven by both a larger suite and a modest rate edge. Element shows the widest per-foot gap at $0.68 per square foot (17.8%) in the subject's favour, but 59 fewer square feet keep the total rent $162 per month above Element's realized average.

Cityplace Matrix B fields a 17-feature lifestyle package that includes a Spa & Hair Salon and a Reflecting Pond—two amenities absent from all four nearby competitors—giving it a distinct wellness-and-resort character within the CityPlace cluster. The subject's indoor pool, hot tub, and sauna overlap with Apex at Cityplace (C), Matrix A, and Element, but Fly Condominiums offers neither an aquatic facility nor a jacuzzi, relying instead on a yoga studio and juice bar. The Spa & Hair Salon is exclusive to the subject among this peer set, while the Reflecting Pond provides a landscaped outdoor element that none of the four competitors replicate; Fly and Element both carry rooftop terraces that the subject lacks. The Kids' Play Room and Business Centre round out a family-and-professional mix shared selectively with Matrix A and Fly. This amenity profile best serves dual-income professional couples and small families who prioritize on-site spa access, aquatic recreation, and a quiet courtyard setting over rooftop social spaces or racquet-sport courts.