The Point at Emerald City — Rental Market Data

The Point at Emerald City has four active listings as of August 31, 2026, spanning $2,500 to $3,200 per month with an average asking rent of $2,838 and a median of $2,825. The average active suite measures 775 square feet at $3.68 per square foot, and the dominant layout is the two-bedroom, accounting for 50 percent of available inventory. Current listings lean toward mid-size and executive footprints rather than compact entry-level units, with the smallest active suite at 650 square feet and the largest at 850 square feet.

The two-bedroom layout dominates active inventory at The Point at Emerald City with two listings representing 50 percent of available units, averaging $2,825 per month across 800 square feet at $3.55 per square foot. The remaining inventory splits evenly between a single one-bedroom-plus-den suite at 650 square feet for $2,500 per month ($3.85 per square foot) and a single three-bedroom-plus unit at 850 square feet for $3,200 per month ($3.76 per square foot). Each of those two tiers is a single listing, so renters seeking those specific layouts face zero alternative options within the building.

The Point at Emerald City's active asking rents range from $2,500 to $3,200 per month, a $700 spread representing 28 percent of the entry price, with a median asking rent of $2,825. The entry-level suite is a one-bedroom-plus-den at 650 square feet priced at $3.85 per square foot, while the peak listing is a three-bedroom-plus unit at 850 square feet for $3.76 per square foot. The spread reflects a clear step-up in both size and bedroom count rather than a pricing anomaly within a single layout tier.

Active den premiums at The Point at Emerald City cannot be reliably quantified from the current four-unit sample, as the den square-footage delta and marginal cost per square foot are unrecorded. Verified parking data confirms an active parking stall premium of $50 per month, which is notably below the $164 per month observed in closed lease transactions, suggesting landlords may be bundling or discounting parking to close deals in the current thin-inventory environment.

The Point at Emerald City's active asking average of $2,838 per month sits above the Don Valley North submarket asking benchmark of $2,608, yet the building's $3.68 per square foot rate is 6.4 percent below the submarket asking rate of $3.93 per square foot. The nominal rent premium is explained by the building's larger average footprint of 775 square feet versus the submarket norm, meaning tenants pay more in absolute dollars but less for each square foot of space. The Point at Emerald City accounts for four out of 225 available listings in the Don Valley North submarket, a 1.8 percent share of total active inventory.

The Point at Emerald City realizes an average lease rent of $2,627 per month, which is $205 (8.5 percent) above the four-comp benchmark of $2,422 and $144 above the Don Valley North submarket average of $2,483. The Peak at Emerald City at 32 Forest Manor Rd (0.04 km, 37 closed leases) averages $2,576 per month at $3.79 per square foot across 689 square feet, placing the subject $51 higher in nominal rent. Lumina at Emerald City at 36 Forest Manor Rd (0.05 km, 18 closed leases) averages $2,383 per month at $3.71 per square foot across 647 square feet, with the subject commanding $244 more per month. Fifth on the Park – Emerald City 5 at 50 Forest Manor Rd (0.08 km, 26 closed leases) averages $2,445 per month at $3.95 per square foot across 634 square feet, where the subject's rent is $182 higher. Biyu – The Colours of Emerald City at 52 Forest Manor Rd (0.1 km, 20 closed leases) averages $2,282 per month at $3.82 per square foot across 602 square feet, with the subject realizing $345 more per month. All four competitors posted active closed-lease volume, so each provides a realized rent benchmark rather than an asking-price reference.

The Point at Emerald City leases at $3.83 per square foot across 709 average square feet, a combination that places it at or slightly above the four-comp rate benchmark of $3.82 per square foot while delivering the largest interior footprint in the cluster. Against The Peak at Emerald City (0.04 km), the subject trades at a $0.04 per square foot (1.1 percent) premium and provides 20 more interior square feet, so the $51 monthly rent difference reflects both a modest rate edge and the extra space. Versus Lumina at Emerald City (0.05 km), the subject commands a $0.12 per square foot (3.2 percent) premium while offering 62 additional square feet, meaning the $244 nominal gap is amplified by the larger suite. Against Fifth on the Park – Emerald City 5 (0.08 km), the subject trades at a $0.12 per square foot (3.0 percent) discount below the comp's rate yet still realizes $182 more per month because it provides 75 more interior square feet; the nominal rent variance here is driven by the expanded footprint rather than a higher per-unit valuation. Biyu – The Colours of Emerald City (0.1 km) shows the tightest rate relationship at just a $0.01 per square foot (0.3 percent) premium for the subject, but the 107-square-foot size advantage pushes the subject's total rent $345 above Biyu's realized average.

The Point at Emerald City offers a ten-feature lifestyle package anchored by an indoor pool, hot tub, gym, meeting room, and indoor kids' play room, but it lacks the rooftop terrace, sauna and steam room, and games or billiards room that appear across all four nearby competitors. The subject's signature differentiator is its dedicated Meeting Room, a remote-work and small-business facility absent from The Peak at Emerald City, Lumina at Emerald City, Fifth on the Park – Emerald City 5, and Biyu – The Colours of Emerald City. Conversely, every one of the four competitors provides a rooftop terrace that the subject does not, and three of the four (The Peak, Lumina, and Biyu) add a sauna and steam room plus a yoga studio, while all four include a games or billiards room. The Peak at Emerald City further extends its package with a pet wash station, fire pit, garden and courtyard, and shared laundry room, none of which the subject offers. This amenity mix—pool and wellness core paired with a professional meeting space and family-oriented play room, but without rooftop social or entertainment programming—positions The Point at Emerald City as the strongest fit for dual-income professional households and young families who prioritize a private work-from-home meeting area and supervised children's space over rooftop lounging or recreational gaming.