Zed — Rental Market Data

Zed at 38 Niagara Street carries one active listing as of August 31, 2026, with a single asking rent of $4,200 per month serving as both the minimum, maximum, and median. That unit spans 1,170 square feet at $3.59 per square foot and is a two-bedroom layout representing 100 percent of current available inventory. With only one suite on the market, the building's active stock leans entirely toward a large multi-bedroom executive layout rather than compact entry-level or studio configurations, and no smaller-format options are currently accessible to renters at this address.

The sole active layout at Zed is a two-bedroom unit, accounting for 100 percent of the building's one available listing. That single suite asks $4,200 per month across 1,170 square feet at $3.59 per square foot, and no one-bedroom, studio, or three-bedroom tiers are currently listed. Renter choice at this address is therefore limited to this one large-format two-bedroom option, with all other bedroom categories showing zero active inventory.

Zed's active pricing spread is effectively zero, with both the minimum and maximum asking rents set at $4,200 per month across a single listing, yielding a dollar spread of $0 and a percentage spread of 0 percent. The entry-level and peak suite are the same unit: a two-bedroom at 1,170 square feet priced at $3.59 per square foot. With only one active listing, there is no internal rent gradient to compare, and the median asking rent of $4,200 per month simply reflects that lone data point.

Den premium and square-footage delta figures for Zed cannot be quantified from the current active sample, as the single listing does not provide a paired comparison against a den-less unit of equivalent bedroom count. Parking stall costs at this building also cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, and no verified monthly parking add-on can be quoted to renters. Prospective tenants should request current parking and amenity fee schedules directly from the leasing office for accurate figures.

Zed's active asking rent of $4,200 per month at $3.59 per square foot compares to the Downtown West submarket average asking rent of $3,080 per month at $4.81 per square foot, placing the building's rate per square foot 25.4 percent below the submarket asking benchmark. The higher nominal monthly rent is explained by the active suite's 1,170-square-foot footprint, which exceeds the submarket implied average of approximately 640 square feet by roughly 530 square feet, meaning renters are paying for substantially more living space rather than a per-unit-area premium. Zed's one active listing represents 1 out of 170 available listings in the Downtown West submarket, a share of approximately 0.6 percent of total active inventory.

Zed's average realized lease rent of $2,517 per month sits $1,033 below the four-building comp benchmark of $3,550, a gap driven primarily by the subject's smaller suite footprints rather than weaker asset valuation. Sixty Loft at 60 Bathurst St (0.06 km, 9 closed leases) averages $3,586 per month at $3.97 per square foot across 910 square feet, meaning Zed trades at a $1,069-per-month lower rent despite commanding a $0.05-per-square-foot premium over that competitor. Westside - Bside at 27 Bathurst St (0.12 km, 11 closed leases) averages $2,564 per month at $4.31 per square foot across 606 square feet, placing Zed just $47 below that figure while offering 22 additional square feet of interior space. 60 Niagara at 60-64 Niagara St (0.12 km, 2 closed leases) averages $4,500 per month at $3.91 per square foot across 1,151 square feet, a $1,983-per-month premium over Zed that reflects its substantially larger suite size. The Twenty at 20 Niagara St (0.06 km) recorded zero closed leases in the trailing 180 days and therefore provides no realized rent benchmark for comparison.

Zed delivers a $4.02-per-square-foot leased rate across an average 628-square-foot suite, positioning the building at a slight discount to the comp average of $4.06 per square foot while offering roughly 261 fewer square feet than the 889-square-foot comp mean. Against Sixty Loft, Zed commands a $0.05-per-square-foot premium (1.3% higher) but provides 282 fewer interior square feet, so the $1,069 lower monthly rent is a direct function of the smaller footprint rather than a weaker per-unit valuation. Versus Westside - Bside, Zed trades at a $0.29-per-square-foot discount (6.7% below) while delivering 22 more square feet, meaning renters gain additional interior area at a lower rate per square foot for only $47 less per month. Compared with 60 Niagara, Zed carries a $0.11-per-square-foot premium (2.8% higher) but provides 523 fewer square feet, which explains the $1,983 lower nominal rent as a size-driven variance rather than a quality differential. The consistent pattern across active competitors is that Zed's lower monthly outlay tracks its compact suite format, while its per-square-foot rate holds steady or slightly above peer levels.

Zed offers a five-item amenity package—BBQ Area, Concierge & Security, Meeting Room, Party & Lounge Room, and Rooftop Terrace—that matches Sixty Loft exactly and trails the broader lifestyle offerings at Westside - Bside. The Twenty provides only Concierge & Security, making Zed's rooftop terrace, meeting room, and party lounge meaningful upgrades over that 1999-era reference building. Westside - Bside, completed in 2020, extends well beyond Zed's package with a Gym & Fitness Centre, Yoga Studio, Outdoor Pool, Games & Billiards Room, Dining Room & Kitchen, Shared Laundry Room, and Garden & Courtyard—facilities absent from Zed's floor plan. 60 Niagara adds Beanfield Fibre and Storage Lockers to a core set that otherwise mirrors Zed's offering. For renters who value a rooftop terrace for social gatherings, a dedicated meeting room for remote-work sessions, and a concierge-secured entrance without paying for a full wellness or aquatic suite, Zed's lifestyle package targets cost-conscious professionals and small households in the Niagara-Bathurst pocket who prioritize interior space efficiency and essential communal amenities over resort-style recreational infrastructure.