SQ Spadina Queen — Rental Market Data

SQ Spadina Queen has four active listings as of August 31, 2026, spanning a price range of $2,380 to $9,500 per month with an average asking rent of $4,283 and a median of $2,625. The active inventory averages 567 square feet at $4.50 per square foot, with one-bedroom suites representing 50 percent of available units. The mix skews toward compact entry-level layouts, though the single three-bedroom-plus listing at $9,500 pulls the average well above the median.

The dominant active layout at SQ Spadina Queen is the one-bedroom, with two listings accounting for 50 percent of available inventory at an average asking rent of $2,415 per month across 575 square feet and a rate of $4.21 per square foot. The one-bedroom-plus-den tier holds a single listing at $2,800 per month for 550 square feet at $5.09 per square foot, while the three-bedroom-plus tier also carries one listing at $9,500 per month with square footage and per-square-foot rate unrecorded.

SQ Spadina Queen's active asking rents range from a minimum of $2,380 to a peak of $9,500 per month, producing a dollar spread of $7,120 and a percentage spread of 299.2 percent. The median asking rent of $2,625 sits closer to the entry-level one-bedroom at 600 square feet and $3.97 per square foot than to the peak three-bedroom-plus listing, for which square footage and per-square-foot rate are not recorded.

At SQ Spadina Queen, the active den premium is $385 per month with a square-footage delta of negative 25, meaning the den suite is actually 25 square feet smaller than a comparable non-den layout. The marginal cost per square foot for the additional den space cannot be reliably calculated from the available data. Active parking stall premiums cannot be reliably isolated due to an anomalous outlier or insufficient paired sample in the current listing set.

SQ Spadina Queen's active asking rate of $4.50 per square foot sits 6.4 percent below the Downtown West submarket asking benchmark of $4.81 per square foot, even though the building's average asking rent of $4,283 per month exceeds the submarket average of $3,080. The nominal rent gap is driven by the single $9,500 three-bedroom-plus listing inflating the average, while the median of $2,625 falls below the submarket norm. The building represents four out of 170 available listings in the Downtown West submarket, or approximately 2.4 percent of active inventory.

SQ Spadina Queen's all-time average realized lease rent of $4,043 per month exceeds the four-comparable benchmark of $3,081 by $962, and it commands a higher monthly figure than every individual competitor in this pocket. Kingscourt at 188 Spadina Avenue (0.07 km, 1 closed lease) averaged $3,850 per month at $2.57 per square foot across 1,500 square feet, placing the subject $193 higher. SQ2 at Alexandra Park on 80 Vanauley Street (0.11 km, 8 closed leases) realized $3,375 per month at $4.19 per square foot over 812 square feet, with the subject trading $668 above that mark. The two 2026-completion buildings—400 Queen Street West (0.09 km, 1 closed lease, $3,000 per month at $2.86 per square foot, 1,049 square feet) and 475 Queen Street West (0.11 km, 1 closed lease, $2,100 per month at $2.78 per square foot, 756 square feet)—each carry only a single transaction, so their realized rents serve as early-market reference points rather than robust benchmarks; the subject sits $1,043 and $1,943 above them respectively.

SQ Spadina Queen leases at $4.89 per square foot across an average 764-square-foot suite, a rate that commands a premium over every active nearby competitor and the $3.10-per-square-foot comp average, while its interior footprint runs smaller than three of the four comparables. Against Kingscourt (1,500 sq ft, $2.57/sq ft), the subject trades at a $2.32-per-square-foot premium (90.3% higher rate) but provides 736 fewer interior square feet, meaning the higher nominal rent is driven substantially by the compact footprint rather than a pure per-unit valuation gap. Versus SQ2 at Alexandra Park (812 sq ft, $4.19/sq ft), the subject carries a $0.70-per-square-foot premium (16.7%) with 48 fewer square feet—a tighter spread that reflects closer architectural parity between the two Tridel and non-Tridel 2017–2020 vintages. Against 475 Queen West (756 sq ft, $2.78/sq ft), the subject actually provides 8 more interior square feet while charging a $2.11-per-square-foot premium (75.9%), indicating a genuine asset-level valuation gap beyond mere size differences.

SQ Spadina Queen fields the most comprehensive wellness and lifestyle package in this immediate peer set, pairing both an indoor pool and an outdoor pool with a yoga studio, sauna and steam room, hot tub and jacuzzi, rooftop terrace, meeting room, media and theatre room, games and billiards room, BBQ area, dining room and kitchen, and shared laundry. Kingscourt (1986) offers an indoor pool and sauna but lacks the outdoor pool, yoga studio, BBQ area, and dining room; 400 Queen Street West carries no listed amenities at all; SQ2 at Alexandra Park (2020) includes a yoga studio, BBQ, and dining room but provides neither an indoor nor an outdoor pool; and 475 Queen West features an outdoor pool and rooftop terrace but omits the indoor pool, yoga studio, sauna, and dining facilities. The dual-pool configuration combined with the full aquatic-wellness suite (indoor pool, outdoor pool, hot tub, sauna, yoga) is unique to SQ Spadina Queen in this cluster, positioning it as the amenity anchor for professionals and young families who prioritize on-site recreation, fitness, and social hosting without leaving the building.