M5V Condominiums — Rental Market Data

M5V Condominiums has exactly one active listing as of August 31, 2026, asking $2,750 per month with both the average and median rent at that same figure. The suite measures 717 square feet at an asking rate of $3.84 per square foot. This single listing is a one-bedroom plus den configuration, representing 100 percent of current active inventory, and the building's available stock leans toward a mid-size executive one-bedroom rather than compact entry-level studios.

The sole active layout at M5V Condominiums is a one-bedroom plus den, accounting for 100 percent of the building's one available listing. That single unit asks $2,750 per month for 717 square feet at $3.84 per square foot, and no other bedroom tiers currently have active inventory. Renter options are therefore limited to this one configuration with no alternative studio, two-bedroom, or three-bedroom choices on the market.

M5V Condominiums currently shows a minimum and maximum asking rent of $2,750 per month, producing a dollar spread of zero and a percentage spread of zero percent due to the single active listing. The entry-level and peak suite are the same unit: a one-bedroom plus den at 717 square feet and $3.84 per square foot. With no additional listings to create a price range, the spread metric is effectively uninformative until further inventory enters the market.

M5V Condominiums does not have a quantifiable den premium or square-footage delta for its active listing, as the single available unit already includes the den within its 717-square-foot measurement and no paired comparison exists to isolate the marginal cost of den space. Parking stall premiums also cannot be reliably isolated from the available data, as the sample is either anomalous or too small to produce a meaningful figure. Renters should confirm parking and den-related costs directly with the listing agent or property management.

M5V Condominiums' active asking rent of $2,750 per month and rate of $3.84 per square foot compare favorably against the Entertainment District submarket averages of $3,542 per month and $5.53 per square foot. The building's asking rate sits 30.6 percent below the submarket asking benchmark per square foot, a gap partly explained by the active suite's 717-square-foot footprint being larger than typical submarket listings. M5V currently holds one out of 153 available listings in the Entertainment District, representing roughly 0.7 percent of the neighborhood's total active rental inventory.

M5V Condominiums' average realized lease rent of $2,770 per month sits $206 below the overall comp benchmark of $2,976, positioning the building as a value alternative within this tight Entertainment District pocket. Bisha at 88 Blue Jays Way (0.06 km, 19 closed leases) averaged $3,150 per month at $5.52 per square foot across 599 square feet, meaning M5V's realized rent runs $380 lower than that 2017-built competitor. 357 King West (0.06 km, 37 closed leases) averaged $2,622 per month at $3.99 per square foot across 665 square feet, placing M5V's rent $148 higher than this 2023-built peer. Charlie at 8 Charlotte St (0.08 km, 10 closed leases) averaged $3,155 per month at $4.54 per square foot across 695 square feet, with M5V trading $385 below that 2013-built building. 393 on King West (0.05 km, built 2001) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.

M5V Condominiums leases at $4.19 per square foot across an average 645 square feet, trading below the comp average of $4.68 per square foot and 653 square feet while delivering a competitive interior footprint in this sub-100-metre radius. Against Bisha, the subject trades at a $1.33 per square foot discount (24.1% below the comp's $5.52 rate) while providing 46 more interior square feet, so the lower nominal rent of $385 is driven by both a materially lower per-square-foot rate and a larger suite footprint rather than a smaller unit. Versus 357 King West, the subject commands a $0.20 per square foot premium (5.0% above the comp's $3.99 rate) yet provides 20 fewer interior square feet, meaning the $148 higher monthly rent reflects a rate advantage that more than offsets the slightly compact footprint. Against Charlie, the subject trades at a $0.35 per square foot discount (7.7% below the comp's $4.54 rate) while providing 50 fewer interior square feet, so the $385 lower rent is compounded by both a lower per-square-foot rate and a smaller suite size working in tandem.

M5V Condominiums offers a 13-feature lifestyle package anchored by a Hot Tub & Jacuzzi and a Garden & Courtyard—two amenities absent from all three active competitors in this immediate cluster. Bisha differentiates with an Outdoor Pool and a Salon that M5V does not carry, while 357 King West adds a Shared Laundry Room and Juice Bar not found at the subject. Charlie presents the broadest amenity set among the active peers, including an Outdoor Pool, Media & Theatre Room, Library & Reading Room, Music Room, and Espresso Bar, none of which appear in M5V's offering. In return, M5V's Hot Tub & Jacuzzi and Garden & Courtyard provide a private wellness and outdoor-retreat character that no nearby competitor replicates. The building's package—pairing a full gym, yoga studio, sauna, business centre, and rooftop BBQ with the signature hot tub and courtyard—best serves cost-conscious professionals and small households who prioritize a balanced wellness-and-social amenity mix over the pool-centric or media-heavy profiles of Bisha and Charlie, without paying the per-square-foot premium those newer or larger-footprint buildings command.