Royal Bayview - North Tower — Rental Market Data

Royal Bayview – North Tower has one active listing as of August 31, 2026, with an asking rent of $2,950 per month (minimum, average, and median all identical given the single unit). The suite spans 650 square feet at an asking rate of $4.54 per square foot. The 100 percent one-bedroom composition means all current inventory is compact entry-level stock, with no two- or three-bedroom layouts available to renters at this time.

The sole active layout at Royal Bayview – North Tower is a one-bedroom, representing 100 percent of available inventory as a single listing. That one unit asks $2,950 per month for 650 square feet, yielding a rate of $4.54 per square foot. No other bedroom tiers are currently on the market, so renters seeking two- or three-bedroom configurations must look to other Markham West buildings.

Royal Bayview – North Tower's active pricing spread is $0, with both the minimum and peak asking rent at $2,950 per month, reflecting a single available unit. The entry-level suite and the peak suite are the same one-bedroom, 650-square-foot layout priced at $4.54 per square foot. With only one listing on the market, there is no internal price gradient for renters to navigate within this building.

Den premium and square-footage delta figures for Royal Bayview – North Tower cannot be quantified from the current active sample, as the single available unit does not provide a paired comparison against a den-equipped layout. Active parking stall premiums also cannot be reliably isolated; the data sample is insufficient to produce a defensible per-month parking cost, and no verified parking add-on figure should be assumed.

Royal Bayview – North Tower's active asking rent of $2,950 per month sits $220 above the Markham West submarket average asking rent of $2,730, while its $4.54 per square foot rate runs 25.8 percent above the submarket asking benchmark of $3.61 per square foot. The nominal rent differential narrows when suite size is factored in: the building's 650-square-foot active unit is 106 square feet smaller than the submarket implied average of 756 square feet, meaning renters are paying a premium per unit of space rather than a premium in absolute dollar terms. The tower accounts for one out of 40 available listings in the Markham West submarket.

Royal Bayview – North Tower's average realized lease rent of $4,438 per month sits $763 above the four-comparable benchmark of $3,675, with the closest peer Royal Bayview – South Tower (399 Royal Orchard Blvd, 0.02 km, 2 closed leases) averaging $3,600 per month at $4.20 per square foot on 875 square feet. Landmark of Thornhill III (7905 Bayview Ave, 0.24 km, 1 closed lease) recorded an average of $4,000 per month at $2.35 per square foot on 1,700 square feet, while Landmark of Thornhill I (7805 Bayview Ave, 0.28 km, 4 closed leases) averaged $3,400 per month at $2.77 per square foot on 1,232 square feet. Landmark of Thornhill II (7825 Bayview Ave, 0.42 km, 2 closed leases) posted $3,700 per month at $6.13 per square foot on 850 square feet. Every competitor in this set closed at least one lease transaction over the trailing 180 days, so each figure represents an active pricing benchmark rather than a zero-volume reference.

Royal Bayview – North Tower leases at $4.18 per square foot on an average 1,063-square-foot suite, positioning it above the comp-set average of $3.86 per square foot and 1,164 square feet while commanding a higher total monthly rent than every nearby alternative. Against Royal Bayview – South Tower, the subject trades at a $0.02 per square foot (0.5%) discount yet provides 188 more interior square feet, meaning the $838-per-month higher nominal rent is driven by the larger footprint rather than a per-unit rate premium. Versus Landmark of Thornhill III, the subject commands a $1.83 per square foot (77.9%) premium while providing 637 fewer interior square feet, so the $438-per-month higher rent reflects both a rate advantage and the building's newer 2025 construction over the 1991 Landmark. Against Landmark of Thornhill I, the subject commands a $1.41 per square foot (50.9%) premium on 169 fewer square feet, producing a $1,038-per-month higher realized rent that is rate-driven rather than space-driven. Finally, compared with Landmark of Thornhill II, the subject trades at a $1.95 per square foot (31.8%) discount while providing 213 more interior square feet, so the $738-per-month higher nominal rent again reflects the larger suite footprint offsetting the lower per-square-foot rate.

Royal Bayview – North Tower offers a 13-item amenity suite that extends beyond every nearby competitor, with the Golf Simulator, Library & Reading Room, and EV Charging Station appearing in no other building in this immediate cluster. Royal Bayview – South Tower shares the indoor pool, sauna, gym, yoga studio, and party lounge but lacks the golf simulator, library, rooftop terrace, and EV charging infrastructure. The three Landmark of Thornhill towers (built in 1991) each include racquetball courts, squash courts, and meeting rooms absent from the North Tower, yet none offer the yoga studio, golf simulator, library, or EV charging stations that define the subject's lifestyle package. The North Tower's combination of aquatic wellness (indoor pool, sauna/steam), active recreation (gym, yoga, golf simulator), remote-work support (library/reading room), and modern convenience (EV charging, concierge security) targets the professional renter demographic—typically early-to-mid-career households in their late 20s to mid-30s—who prioritize a turnkey wellness and productivity environment over the court-sport facilities that anchor the older Landmark cohort.