383 Sorauren — Rental Market Data

383 Sorauren carries three active rental listings as of August 31, 2026, spanning $2,550 to $2,795 per month with an average asking rent of $2,648 and a median of $2,600. The average suite measures 667 square feet at an asking rate of $3.97 per square foot, and the inventory skews toward compact entry-level one-bedroom layouts that make up 66.7 percent of available units. The remaining third is a single one-bedroom-plus-den listing at 700 square feet, so renters seeking multi-bedroom or executive configurations will find no current options within this building.

The dominant active layout at 383 Sorauren is the one-bedroom, with two listings accounting for 66.7 percent of available inventory at an average asking rent of $2,575 per month across 650 square feet and a rate of $3.96 per square foot. The one-bedroom-plus-den tier holds one listing at 33.3 percent share, asking $2,795 per month for 700 square feet at $3.99 per square foot. Both tiers sit in the small-selection or single-listing range, so renters should act promptly if a specific layout matches their needs.

383 Sorauren's active asking rents range from a $2,550 entry point to a $2,795 peak, producing a $245 spread or 9.6 percent differential across the three available units. The median asking rent of $2,600 per month sits just above the entry-level one-bedroom at 650 square feet and $3.92 per square foot. At the top of the range, the one-bedroom-plus-den suite offers 700 square feet at $3.99 per square foot, a modest 1.8 percent rate premium over the entry unit for an additional 50 square feet of den space.

At 383 Sorauren, the active den premium is quantified at $220 per month for a 50-square-foot footprint delta, translating to a marginal cost of $4.40 per square foot for the extra den area. Parking stall premiums cannot be reliably isolated from the current data due to an insufficient paired sample, so renters should request a direct quote from the leasing office before committing to a unit with a parking requirement.

383 Sorauren's average asking rent of $2,648 per month and $3.97 per square foot both trail the Parkdale submarket benchmarks of $2,755 and $4.16 per square foot respectively, positioning the building 4.6 percent below the neighbourhood asking rate. The nominal rent gap of roughly $107 per month is explained by the building's 667-square-foot average suite being more compact than the submarket norm, which compresses total monthly cost despite a competitive per-square-foot rate. 383 Sorauren's three active listings represent 33.3 percent of the nine available units tracked across the Parkdale submarket, making it the single largest source of current rental inventory in the area.

383 Sorauren's average realized lease rent of $3,863 per month sits $880 above the overall comp benchmark of $2,983, with all three active competitors—Robert Watson Lofts at 363 Sorauren (0.06 km), Robert Watson Lofts at 369 Sorauren (0.09 km), and The Lofts at 347 Sorauren (0.12 km)—recording lower realized rents. The 363 Sorauren property closed one lease at $2,800 per month ($5.09 per square foot, 550 sq ft), the 369 Sorauren building closed one lease at $3,200 per month ($4.27 per square foot, 750 sq ft), and The Lofts closed one lease at $2,950 per month ($3.47 per square foot, 850 sq ft). Enigma on the Park at 138 St Helen's Avenue (0.40 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark against which to compare.

At $4.50 per square foot and 838 square feet of average interior space, 383 Sorauren positions itself above the submarket leased benchmark of $4.41 per square foot while offering more footprint than two of its three active competitors. Against the 363 Sorauren property, the subject trades at a $0.59 per square foot discount (11.6% below the comp's $5.09 rate) while providing 288 more interior square feet, meaning the $1,063-per-month rent gap is driven by the substantially larger suite rather than a per-unit premium. Versus the 369 Sorauren building, the subject commands a $0.23 per square foot premium (5.4% above $4.27) and still delivers 88 more square feet, so the $663 monthly rent difference reflects both a modest rate advantage and additional interior area. Against The Lofts, the subject carries a $1.03 per square foot premium (29.7% above $3.47) while providing 12 fewer square feet, making this the clearest case where the rent differential is rate-driven rather than footprint-driven.

383 Sorauren offers an eight-feature amenity package—Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, BBQ Area, Rooftop Terrace, Garden & Courtyard, and Car Sharing—that is broader than its 1999 and 2007-era Sorauren neighbours but slightly narrower than the 2020-built Enigma on the Park. Car Sharing is a signature offering unique to the subject among all four nearby buildings, while the Meeting Room is absent from both the 363 Sorauren property and Enigma on the Park, giving 383 Sorauren a remote-work and professional-lifestyle edge over those two competitors. Enigma on the Park counters with a Media & Theatre Room, Pet Wash Station, and Fire pit that the subject does not provide, but its zero closed-lease volume means it cannot currently validate those features against market demand. The subject's blend of fitness, social, professional, and mobility amenities best serves young professionals and small households in Parkdale who want a turnkey lifestyle package without the premium pricing of a 2020-era luxury build.