GEM 2 - Greenlife East Markham — Rental Market Data

GEM 2 – Greenlife East Markham has three units actively listed as of August 31, 2026, with asking rents ranging from $2,300 to $2,900 per month, an average of $2,700, and a median of $2,900. The average active suite measures 983 square feet at an asking rate of $2.78 per square foot. Two-thirds of the available inventory (66.7 percent) consists of 2-Bedroom + Den executive layouts, while the remaining one-third is a compact 1-Bedroom + Den entry-level suite, meaning current availability skews toward larger multi-bedroom configurations rather than studio or one-bedroom starter units.

The dominant active layout at GEM 2 – Greenlife East Markham is the 2-Bedroom + Den, with two units representing 66.7 percent of available inventory at an average asking rent of $2,900 per month across 1,100 square feet and a rate of $2.64 per square foot. The single 1-Bedroom + Den listing accounts for the remaining 33.3 percent, asking $2,300 per month for 750 square feet at $3.07 per square foot. Renters seeking a one-bedroom-plus-den option face a single-unit constraint, while the two-bedroom-plus-den tier offers a small but workable selection of two comparable suites.

GEM 2 – Greenlife East Markham's active asking rents span from a minimum of $2,300 per month to a peak of $2,900 per month, a dollar spread of $600 or 26.1 percent. The median asking rent sits at $2,900 per month. The entry-level suite is a 1-Bedroom + Den measuring 750 square feet at $3.07 per square foot, while the peak listing is a 2-Bedroom + Den at 1,100 square feet priced at $2.64 per square foot, reflecting the larger footprint diluting the per-square-foot rate despite the higher absolute rent.

At GEM 2 – Greenlife East Markham, active den premiums and the marginal cost per square foot of additional den space cannot be reliably quantified from the current paired sample. Parking stall costs likewise cannot be isolated with confidence; the available data contains anomalous outliers or an insufficient number of paired listings to produce a dependable monthly figure. Renters should request a direct parking quote from the leasing office rather than relying on platform-estimated premiums.

GEM 2 – Greenlife East Markham's active asking average of $2,700 per month and $2.78 per square foot sits above the Markham East submarket asking benchmark of $2,465 per month but 15.2 percent below the submarket asking rate of $3.28 per square foot. The nominal rent premium over the submarket average is explained by the building's larger average suite footprint of 983 square feet versus the neighborhood norm, which compresses the per-square-foot cost. The building currently holds three of the 26 active listings in the Markham East submarket, representing roughly 11.5 percent of all available inventory in the area.

GEM 2 – Greenlife East Markham realized an average lease rent of $2,700 per month, which is $248 above the four-comp benchmark of $2,452 and positions the subject as the highest-rent asset in this immediate cluster. GEM – Greenlife East Markham (7325 Markham Rd, 0.14 km) closed 9 leases at an average of $2,487 per month ($2.54 per square foot, 994 sq ft); the subject commands $213 more per month than this nearest peer. GreenLife Golden (7400 Markham Rd, 0.24 km) recorded 5 closed leases averaging $2,400 ($2.59 per square foot, 936 sq ft), with the subject trading $300 higher. Parkview Place (7428 Markham Rd, 0.28 km) closed 4 leases at $2,419 ($2.70 per square foot, 913 sq ft), and the subject sits $281 above that mark. Prentice Place (7340 Markham Rd, 0.33 km) logged 1 lease transaction at $2,500 ($2.09 per square foot, 1,195 sq ft), with the subject $200 higher. All four competitors have active closed-lease volume, so each provides a realized pricing benchmark rather than a zero-transaction reference.

GEM 2 – Greenlife East Markham leases at $2.45 per square foot on an average 1,100-square-foot suite, placing it below the four-comp average of $2.48 per square foot while delivering 90 more square feet than the 1,010-square-foot comp mean. Against GEM – Greenlife East Markham, the subject trades at a $0.09 per square foot (3.5%) discount and provides 106 more interior square feet, meaning the higher nominal rent is driven entirely by the larger footprint rather than a per-unit premium. Versus GreenLife Golden, the subject offers a $0.14 per square foot (5.4%) discount with 164 additional square feet, and against Parkview Place the discount widens to $0.25 per square foot (9.3%) with 187 more square feet. The one exception is Prentice Place, where the subject commands a $0.36 per square foot (17.2%) premium but provides 95 fewer interior square feet; here the higher rate per square foot reflects the subject's newer 2019 construction and broader amenity package offsetting the smaller suite. In every active comparison, the rent differential is a function of interior scale, not asset valuation.

GEM 2 – Greenlife East Markham offers a six-item amenity suite—Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Games & Billiards Room, and BBQ Area—that is broader than three of its four nearby competitors but two items short of its closest sibling. The subject's BBQ Area is absent from GreenLife Golden, Parkview Place, and Prentice Place, giving it an outdoor social edge those buildings lack. The Gym & Fitness Centre and Games & Billiards Room are missing from both Parkview Place and Prentice Place, reinforcing the subject's wellness-and-recreation positioning. Conversely, GEM – Greenlife East Markham adds a Yoga Studio and a Dining Room & Kitchen that the subject does not carry, while Parkview Place offers a Pet Wash Station with no direct equivalent here. The lifestyle package at 39 New Delhi Dr best serves young professional and small-family renters in Markham East who prioritize a modern fitness floor, flexible meeting space, and outdoor entertaining over specialty studio programming or pet-care facilities.