Apex at Cityplace (C) — Rental Market Data

Apex at Cityplace (C) realized an average lease rent of $3,438 per month over the trailing year, sitting $607 above the four-comparable benchmark of $2,831 and $620 above the CityPlace / Fort York submarket average of $2,818. Cityplace Matrix B (373 Front St W, 0.04 km) closed 8 leases at an average of $2,987 per month, $4.50 per square foot, and 686 square feet; the subject commands a $451-per-month higher rent than this peer. Fly Condominiums (352 Front St W, 0.07 km) recorded 31 closed leases at $2,561 per month, $4.28 per square foot, and 607 square feet, making the subject's rent $877 higher on a nominal basis. Apex at Cityplace (D) (397 Front St W, 0.07 km) closed 12 leases at $2,915 per month, $4.13 per square foot, and 706 square feet, with the subject running $523 above. Cityplace Matrix A (361 Front St W, 0.08 km) logged 7 closed leases at $2,861 per month, $4.05 per square foot, and 715 square feet, placing the subject $577 higher in absolute monthly rent. All four competitors posted active lease volume over the trailing 180 days, so no zero-transaction reference buildings factor into this comparison.

Apex at Cityplace (C) leases at $3.91 per square foot across an average 884-square-foot suite, trading at a discount below every active nearby competitor on a per-square-foot basis while providing materially more interior space. Against Cityplace Matrix B ($4.50 per square foot, 686 sq ft), the subject offers a $0.59 per square foot (13.1%) discount and 198 more square feet of living area; the higher nominal rent is driven entirely by the larger footprint, not a per-unit premium. Fly Condominiums ($4.28 per square foot, 607 sq ft) shows the widest gap: the subject trades at a $0.37 per square foot (8.6%) discount while delivering 277 additional square feet. Apex at Cityplace (D) ($4.13 per square foot, 706 sq ft) presents the tightest spread, with the subject at a $0.22 per square foot (5.3%) discount and 178 more square feet. Cityplace Matrix A ($4.05 per square foot, 715 sq ft) shows the narrowest per-square-foot gap at a $0.14 per square foot (3.5%) discount, with the subject providing 169 additional square feet. In every pairing, the rent differential is a function of interior scale rather than asset valuation—renters at Apex at Cityplace (C) pay more in total dollars because they receive a substantially larger unit at a lower rate per square foot.

Apex at Cityplace (C) fields a 19-item amenity suite that spans aquatic, court-sport, wellness, and social-lifestyle categories, giving it the broadest recreational footprint in this four-building cluster. The subject's Squash & Racquetball Court is absent from all four competitors, and its Tennis & Pickleball Court appears only at Apex at Cityplace (D); together these two court offerings create a dedicated racquet-sport corridor that no other building in the immediate pocket replicates. The Indoor Pool, Hot Tub & Jacuzzi, and Sauna & Steam Room trio is shared with Cityplace Matrix B, Apex at Cityplace (D), and Cityplace Matrix A, but Fly Condominiums (2013) offers none of the three aquatic or thermal facilities, instead leaning on a Yoga Studio and Juice Bar. The subject's Indoor Soccer Court parallels Apex at Cityplace (D)'s Indoor Soccer Field, while Cityplace Matrix B and Cityplace Matrix A provide no equivalent. A Rooftop Terrace at the subject matches Fly Condominiums and Apex at Cityplace (D) but is missing from both Matrix buildings. The Salon & Spa amenity is shared with Cityplace Matrix B (Spa & Hair Salon) and Cityplace Matrix A (Salon & Spa). This package—combining full aquatic facilities, multiple court sports, a rooftop terrace, and a dedicated spa—best serves active professionals and small families in the 30-to-50 age range who prioritize on-site recreation and social space over compact, amenity-light urban living.