Ovation at City Centre I — Rental Market Data

Ovation at City Centre I has 5 active listings as of August 31, 2026, offering a price range of $2,300 to $3,475 per month with an average asking rent of $2,820 per month and a median asking rent of $2,900 per month. Active inventory averages 830 square feet at an asking rate of $3.41 per square foot, featuring a dominant layout share of 40% for 1-Bedroom + Den configurations and leaning toward a balanced mix of compact entry-level suites and larger multi-bedroom formats.

The dominant active layout at Ovation at City Centre I is the 1-Bedroom + Den, accounting for 2 active listings and a 40% inventory share. The building provides 2 active 1-Bedroom + Den suites representing a 40% share with an average asking rent of $2,388 per month across an average of 700 square feet at $3.42 per square foot, backed by a small selection of 2-Bedroom + Den units making up another 40% share with an average rent of $3,213 per month across 950 square feet at $3.38 per square foot. A single 3-Bedroom+ listing rounds out the remaining 20% inventory share with an asking rent of $2,900 per month across 850 square feet at $3.41 per square foot.

Ovation at City Centre I displays a minimum entry rent of $2,300 per month and a peak asking rent of $3,475 per month, creating a dollar spread of $1,175 per month and a percentage spread of 51.1%. The median asking rent rests at $2,900 per month, while the entry-level tier consists of a 1-Bedroom + Den suite spanning 650 square feet at $3.54 per square foot. Conversely, the peak suite features a 2-Bedroom + Den layout spanning 950 square feet at $3.66 per square foot.

Ovation at City Centre I has unquantified active den dimensions and pricing deltas within current listings. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, meaning parking fees cannot be verified or quoted.

Ovation at City Centre I features an average asking rent of $2,820 per month at $3.41 per square foot, sitting below the Mississauga City Centre submarket asking average of $2,771 per month at $3.64 per square foot. The lower nominal cost and 6.6% discount in asking rate per square foot reflect competitive pricing rather than smaller unit sizing, with the building representing a minor share of the submarket's 242 active listings.

Ovation at City Centre I achieves an average lease rent of $2,576 per month, trading slightly below the overall competitive set average of $2,617 per month while maintaining competitive metrics against benchmark properties such as Solstice Condominiums, Ovation at City Centre II, Citygate I, and The Odyssey. Solstice Condominiums at 225 Webb Dr reports an average lease rent of $2,498 per month at $3.22 per square foot across an average of 784 square feet. Ovation at City Centre II at 3888 Duke of York Blvd achieves an average lease rent of $2,608 per month at $3.62 per square foot across an average of 765 square feet. Citygate I at 3939 Duke of York Blvd records an average lease rent of $2,600 per month at $3.20 per square foot across an average of 826 square feet. Meanwhile, The Odyssey at 250 Webb Dr logs an average lease rent of $2,761 per month at $2.72 per square foot across an average of 1,029 square feet.

Ovation at City Centre I establishes its value proposition by offering an average leased rate of $3.17 per square foot across an average footprint of 837 square feet, undercutting the wider submarket average asking rate of $3.64 per square foot. Renters at the subject building secure more interior square footage compared to newer or smaller competitive layouts, balancing functional mid-2000s floor plans with highly competitive per-square-foot pricing. For instance, while Ovation at City Centre II leases smaller units averaging 765 square feet at a higher rate of $3.62 per square foot, and Solstice Condominiums leases 784-square-foot layouts at $3.22 per square foot, the subject building provides larger average suite sizes of 837 square feet at a lower rate of $3.17 per square foot. This dynamic allows tenants to capture greater overall interior volume without paying the steep premiums associated with smaller or newer high-density constructions.

Ovation at City Centre I delivers an extensive resort-style amenity package that rivals or exceeds the offerings of neighboring high-rises in the City Centre micro-market. The building features five signature amenities, including an indoor pool, a dedicated bowling alley, a golf simulator, a comprehensive gym and fitness centre, and a relaxing sauna and steam room. When compared to Solstice Condominiums, which offers a squash court and kids' play room, or Citygate I, which includes a shuttle service and outdoor children's playground, the subject building leans heavily into recreation and wellness through its bowling alley and golf simulator. Furthermore, compared to The Odyssey's traditional setup of tennis and squash courts, Ovation at City Centre I provides a more contemporary indoor entertainment suite. This robust amenity profile particularly serves professionals and downsizers seeking active lifestyle options and comprehensive wellness facilities under one roof.