Grand Park 2 — Rental Market Data

Grand Park 2 features 2 active listings as of August 31, 2026, with an overall price range spanning $2,950 to $3,100 per month and an average and median asking rent of $3,025 per month. Active listings average 1,025 square feet with an asking rate of $2.96 per square foot. The building's active inventory is entirely composed of 2-bedroom suites, representing a 100% share of current availability and leaning exclusively toward multi-bedroom family layouts.

The dominant active layout at Grand Park 2 is the 2-bedroom configuration, accounting for all 2 active listings and a 100% inventory share. This 2-bedroom tier features an average asking rent of $3,025 per month, an average size of 1,025 square feet, and an average rate of $2.96 per square foot. There are zero active listings available in 1-bedroom, studio, or 3-bedroom tiers.

Grand Park 2 lists a minimum entry rent of $2,950 per month and a peak asking rent of $3,100 per month, creating a nominal dollar spread of $150 or a 5.1% pricing variance. The median asking rent sits at $3,025 per month. The entry-level suite is a 2-bedroom layout measuring 950 square feet at $3.11 per square foot, while the peak suite is a 2-bedroom layout measuring 1,100 square feet at $2.82 per square foot.

Grand Park 2 has insufficient paired data to isolate active den premiums, as den size differentials and associated cost deltas cannot be reliably quantified from current listings. Active parking premium data is inconclusive due to an insufficient sample or anomalous outliers, preventing the reliable isolation of monthly stall costs.

Grand Park 2 asks an average of $3,025 per month at $2.96 per square foot, comparing to submarket asking averages of $2,771 per month and $3.64 per square foot. The building's lower nominal rent variance per square foot is reflected in an asking rate that sits 18.7% below submarket asking benchmarks while capturing a small fraction of the 242 total active listings across the Mississauga City Centre submarket.

Grand Park 2 achieves an average lease rent of $2,702 per month, aligning closely with the overall competitive benchmark average of $2,631 per month across its primary peer group. Individual competitor performance varies by building age, layout size, and delivery year. Grand Park (3985 Grand Park Dr) recorded an average lease rent of $2,701 per month at $3.18 per square foot across an average of 877 square feet. The Phoenix (550 Webb Dr) reported an average lease rent of $2,890 per month at $2.57 per square foot across a larger average footprint of 1,130 square feet. Newer completions in the immediate vicinity reflect more compact footprints: M City 3 Condominium (448 Burnhamthorpe Road) leased at an average of $2,457 per month ($3.71 per square foot across 673 square feet), while M2 - M City 2 (3883 Quartz Rd) secured an average lease rent of $2,475 per month ($3.84 per square foot across 677 square feet).

Grand Park 2 defines its value proposition by trading at $3.47 per square foot across an average suite size of 819 square feet, offering a more competitive rate per square foot than the ultra-dense 2023 and 2024 M City towers while providing more generous layouts than those newer micro-condos. Renters at Grand Park 2 trade away the ultra-modern finishes of 2024 builds in exchange for significantly larger floor plans and lower baseline costs per square foot than M City 3 Condominium (which commands $3.71 per square foot across smaller 673-square-foot footprints) and M2 - M City 2 (which asks $3.84 per square foot across 677 square feet). Conversely, while legacy properties like The Phoenix offer sprawling 1,130-square-foot floor plans at a lower rate of $2.57 per square foot, Grand Park 2 provides a more contemporary 2017 completion year, superior modern building systems, and a balanced layout efficiency that appeals to renters seeking functional space without mid-1990s maintenance burdens.

Grand Park 2 delivers an extensive lifestyle and wellness package that anchors its competitive standing against both older and newer developments in the Mississauga City Centre core. Signature amenities at Grand Park 2 include a full-service Concierge & Security system, a fully equipped Gym & Fitness Centre, a dedicated Yoga Studio, an Indoor Pool paired with a Hot Tub & Jacuzzi, and an expansive Rooftop Terrace complemented by a BBQ Area and Garden & Courtyard. When contrasted with older peer properties like The Phoenix (550 Webb Dr), which features outdoor tennis and squash courts but lacks modern indoor wellness studios, Grand Park 2 provides superior year-round indoor recreational facilities. Compared to ultra-modern developments like M City 3 Condominium (448 Burnhamthorpe Road) and M2 - M City 2 (3883 Quartz Rd)—which incorporate niche additions like pet wash stations, spin studios, and splash pads—Grand Park 2 matches core wellness offerings with traditional indoor pool access and spacious party lounges. This robust amenity mix particularly serves professional couples, young families, and fitness-oriented residents who prioritize comprehensive health, wellness, and outdoor social spaces over niche building novelties.