Ovation at City Centre II — Rental Market Data

Ovation at City Centre II features 3 active listings as of August 2026, with an asking price range between $2,300 and $3,100 per month, an average rent of $2,567 per month, and a median rent of $2,300 per month. Active suites average 717 square feet at an asking rate of $3.57 per square foot. The inventory is dominated by 1-Bedroom + Den configurations holding a 66.7% share, indicating that current available supply leans toward compact, functional entry-level layouts rather than multi-bedroom executive suites.

The dominant active layout at Ovation at City Centre II is the 1-Bedroom + Den, accounting for 2 listings and a 66.7% inventory share. Available 1-Bedroom + Den units average $2,300 per month across an average of 650 square feet, achieving $3.54 per square foot. The remaining inventory consists of a single 2-Bedroom listing representing a 33.3% share, asking $3,100 per month across 850 square feet at $3.65 per square foot.

Ovation at City Centre II exhibits a minimum entry rent of $2,300 per month and a peak asking rent of $3,100 per month, creating a dollar spread of $800 per month and a percentage spread of 34.8%. The median asking rent rests at $2,300 per month. The entry-level tier comprises a 1-Bedroom + Den suite spanning 650 square feet at $3.54 per square foot, while the peak tier consists of a 2-Bedroom suite covering 850 square feet at $3.65 per square foot.

Ovation at City Centre II has active den square footage deltas and dollar premiums that cannot be quantified from current data. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, meaning parking fees cannot be accurately determined from active listings.

Ovation at City Centre II asks an average rent of $2,567 per month at $3.57 per square foot, comparing against the Mississauga City Centre submarket asking benchmark of $2,771 per month at $3.64 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 1.9% below the submarket asking benchmark while representing a minor share of the submarket's 242 active listings.

Ovation at City Centre II commands an average lease rent of $2,621 per month, trading above the overall comp average benchmark of $2,514 per month across competing buildings such as Ovation at City Centre I, Citygate I, Solstice Condominiums, and Club One. Directly adjacent, Ovation at City Centre I (3880 Duke of York Blvd) records an average lease rent of $2,576 per month at $3.17 per square foot across an average of 837 square feet. Citygate I (3939 Duke of York Blvd) reports an average lease rent of $2,600 per month at $3.20 per square foot across 826 square feet. Solstice Condominiums (225 Webb Dr) logs an average lease rent of $2,498 per month at $3.22 per square foot across 784 square feet. Finally, the legacy Club One property (300 Webb Dr, built in 1989) achieves an average lease rent of $2,383 per month at $2.99 per square foot across an average of 800 square feet.

Ovation at City Centre II establishes its value proposition through a realized lease rate of $3.67 per square foot across an average suite size of 757 square feet, positioning it at a modest premium compared to the micro-market comp average of $3.15 per square foot and 812 square feet. Renters evaluating the property versus nearby alternatives trade slightly more compact interior footprints for superior building management, robust Tridel construction quality, and a highly central urban address. While older alternatives like Club One offer larger 800 square foot layouts at a lower rate of $2.99 per square foot, and Solstice Condominiums provides 784 square feet at $3.22 per square foot, tenants at the subject building absorb a higher rate per square foot in exchange for modern amenity offerings, highly efficient floor plate designs, and reduced maintenance concerns relative to late-1980s stock.

Ovation at City Centre II delivers an extensive, resort-style amenity package that rivals or exceeds the offerings found across the surrounding municipal core. Residents enjoy 4 to 5 signature features that elevate its lifestyle profile above older and competing towers, including an indoor pool, a fully equipped gym and fitness centre, a dedicated yoga studio, a rooftop terrace with BBQ areas, and an exclusive bowling alley alongside a golf simulator. When compared against nearby peers, the building matches the comprehensive recreational suites found at Ovation at City Centre I and Citygate I—both of which feature indoor pools, hot tubs, and media rooms—while significantly out-equipping vintage alternatives like Club One by omitting outdated recreation spaces in favor of modern additions like a golf simulator and yoga studio. This robust amenity ecosystem primarily serves working professionals, young couples, and lifestyle-driven tenants seeking comprehensive on-site wellness and entertainment options without leaving the property.