M2 - M City 2 — Rental Market Data

M2 - M City 2 features 14 active listings as of August 31, 2026, with asking rents ranging from $2,300 to $4,500 per month, an average asking rent of $3,193 per month, and a median asking rent of $2,824 per month. Available units average 774 square feet with an average asking rate of $4.45 per square foot, while 2-Bedroom + Den layouts dominate active availability with a 50.0% share, indicating that current inventory leans heavily toward multi-bedroom executive layouts rather than compact entry-level suites.

The dominant active layout at M2 - M City 2 is the 2-Bedroom + Den, accounting for 7 listings and a 50.0% inventory share with an average rent of $3,636 per month across 907 square feet at $4.29 per square foot. Additional available options include 3 standard 2-Bedroom units representing a 21.4% share averaging $2,650 per month across 767 square feet at $3.46 per square foot, alongside 2 standard 1-Bedroom suites holding a 14.3% share averaging $2,350 per month across 544 square feet at $4.32 per square foot. Rounding out the inventory are single listings for a 1-Bedroom + Den at $2,300 per month across 650 square feet at $3.54 per square foot and a 3-Bedroom+ suite at $4,300 per month across 446 square feet at $9.64 per square foot.

M2 - M City 2 features a minimum entry rent of $2,300 per month and a peak asking rent of $4,500 per month, creating a dollar spread of $2,200 per month and a percentage spread of 95.7%. The median asking rent stands at $2,824 per month, anchored by the entry-level 1-Bedroom + Den suite spanning 650 square feet at $3.54 per square foot, while the peak tier is anchored by a 2-Bedroom + Den suite spanning 526 square feet at $8.56 per square foot.

M2 - M City 2 features an active den premium of -$50 per month across a square footage delta of 107 square feet. The marginal cost for the extra den space calculates to -$0.47 per square foot, while active parking premiums cannot be reliably isolated due to an insufficient sample or anomalous outlier data.

M2 - M City 2 asks an average rent of $3,193 per month at $4.45 per square foot, compared to the Mississauga City Centre submarket asking benchmarks of $2,771 per month and $3.64 per square foot. The higher nominal rent is driven by larger suite footprints averaging 774 square feet, while the building's asking rate per square foot exceeds the submarket by 22.3% across its 14 active listings.

M2 - M City 2 achieves an average lease rent of $2,468 per month, closely mirroring the overall competitive benchmark average of $2,564 per month while trading alongside modern benchmarks like M City - Phase 1 and M City 3 Condominium. Centre IV (400 Webb Drive) reports an average lease rent of $2,817 per month at $3.50 per square foot across an average of 929 square feet. M City - Phase 1 (3900 Confederation Pkwy) records an average lease rent of $2,413 per month at $3.79 per square foot across an average of 659 square feet. The Platinum Condos (350 Webb Drive N) posts an average lease rent of $2,567 per month at $2.14 per square foot across an average of 1,200 square feet. M City 3 Condominium (448 Burnhamthorpe Road) averages $2,457 per month at $3.71 per square foot across an average of 673 square feet.

M2 - M City 2 establishes its value proposition through a modern leased rate of $3.85 per square foot across an average of 673 square feet, positioning itself at a slight premium to the submarket average lease rate of $3.55 per square foot. Renters evaluating M2 - M City 2 weigh the benefits of contemporary architectural layouts, modern energy efficiency, and lower utility burdens against older, larger alternatives in the immediate area. For instance, tenants seeking maximum physical space frequently pivot toward older buildings like The Platinum Condos, which delivers an average of 1,200 square feet at a much lower rate of $2.14 per square foot, or Centre IV, which offers 929 square feet at $3.50 per square foot. Conversely, renters prioritizing modern finishes and floor plan efficiency find direct parity at M City 3 Condominium (673 square feet at $3.71 per square foot) and M City - Phase 1 (659 square feet at $3.79 per square foot).

M2 - M City 2 delivers an extensive, resort-style amenity package that positions it at the forefront of the Mississauga City Centre lifestyle tier, outmatching older neighboring properties while offering advanced wellness and recreational spaces compared to immediate peers. The subject building features 5 signature amenities including an indoor pool, an outdoor pool, a dedicated yoga studio, a pet wash station, and an outdoor skating rink. By comparison, Centre IV offers an indoor pool, shuttle service, and squash and racquetball courts, but lacks modern urban additions like a dedicated pet wash station or skating rink. Similarly, M City - Phase 1 includes an outdoor pool, gym, and skating rink, but omits specialized wellness spaces such as a dedicated yoga studio. Designed for modern professionals and young families, the amenity ecosystem at M2 - M City 2 serves a demographic that prioritizes wellness, pet-friendly urban living, and comprehensive on-site recreation.