Grand Park — Rental Market Data

Grand Park at 3985 Grand Park Dr carries three active listings as of August 31, 2026, spanning a price range of $2,750 to $5,500 per month with an average asking rent of $3,700 and a median of $2,850. The average suite size across active inventory is 1,309 square feet at an asking rate of $2.87 per square foot. Each of the three available units represents a single listing in its respective bedroom tier, so inventory is evenly split rather than concentrated in one layout, and the mix leans toward larger multi-bedroom executive suites compared to the building's historical leasing pattern.

The dominant active layout at Grand Park is the one-bedroom-plus-den, holding one of three listings for a 33.3 percent inventory share, tied with the two-bedroom and three-bedroom-plus tiers. The one-bedroom-plus-den asks $2,750 per month for 950 square feet at $2.89 per square foot, while the two-bedroom lists at $2,850 per month for 950 square feet at $3.00 per square foot. The three-bedroom-plus unit commands $5,500 per month for 2,027 square feet at $2.71 per square foot, making it the most spacious and highest-priced option currently available.

Grand Park's active availability spans a $2,750 dollar spread from a minimum entry rent of $2,750 to a peak asking rent of $5,500 per month, representing a 100 percent spread across the three listed units. The median asking rent of $2,850 per month sits closer to the entry point, reflecting that two of the three units cluster in the lower price band. The entry-level suite is a one-bedroom-plus-den at 950 square feet and $2.89 per square foot, while the peak offering is a three-bedroom-plus layout at 2,027 square feet and $2.71 per square foot, illustrating that the larger unit actually carries a lower per-square-foot rate.

Grand Park's active den premium cannot be reliably quantified from current listings, as the paired sample is insufficient to isolate a meaningful dollar delta or marginal cost per square foot for the extra den space. Parking stall costs are likewise unquoted: the active parking premium data is flagged as unreliable due to anomalous outliers or an insufficient paired sample, and historical lease records do not provide a verified parking benchmark. Renters should request individual parking pricing directly from the leasing office rather than relying on a standardized add-on figure.

Grand Park's active asking rent of $3,700 per month exceeds the Mississauga City Centre submarket average of $2,771 per month, yet the building's rate of $2.87 per square foot sits 21.2 percent below the submarket asking benchmark of $3.64 per square foot. The higher nominal monthly outlay is driven entirely by larger suite footprints averaging 1,309 square feet versus the submarket's typical unit size, not by a premium per-square-foot pricing strategy. Grand Park's three active listings represent approximately 1.2 percent of the 242 total active listings across the Mississauga City Centre submarket.

Grand Park's average closed-lease rent of $2,701 per month sits $69 above the four-comparable average of $2,632, yet below The Phoenix's $2,890 and above both M City towers. Grand Park 2 at 3975 Grand Park Dr leases at $2,704 per month ($3.45 per square foot, 822 sq ft), essentially matching the subject dollar-for-dollar. The Phoenix at 550 Webb Dr commands $2,890 per month ($2.57 per square foot, 1,130 sq ft), a premium driven by its significantly larger footprint. M City 3 Condominium at 448 Burnhamthorpe Road rents at $2,457 per month ($3.71 per square foot, 673 sq ft), and M2 – M City 2 at 3883 Quartz Rd at $2,475 per month ($3.84 per square foot, 677 sq ft), both undercutting the subject on total rent thanks to their compact suite sizes.

Grand Park delivers 877 square feet at $3.18 per square foot, a rate that undercuts three of four nearby competitors on a per-square-foot basis while offering more interior space than each of those three buildings. Against Grand Park 2 (822 sq ft at $3.45/sf), the subject provides 55 additional square feet at a $0.27 per square foot discount. Versus M City 3 (673 sq ft at $3.71/sf) and M2 (677 sq ft at $3.84/sf), the subject offers 204 and 200 more square feet respectively, at discounts of $0.53 and $0.66 per square foot. The one exception is The Phoenix at 550 Webb Dr, where the subject's 877 square feet is 253 sq ft smaller than the comp's 1,130 sq ft, and the subject trades at a $0.61 per square foot premium ($3.18 vs. $2.57). Renters choosing Grand Park gain meaningful extra living area over the newer M City towers without paying the higher per-square-foot rates those buildings command.

Grand Park's amenity suite emphasizes wellness and professional convenience, distinguishing it from both the family-oriented M City towers and the sports-focused Phoenix. The building's indoor pool stands in contrast to The Phoenix, which offers only an outdoor pool. Its sauna and steam room are absent from M City 3 Condominium, while the dedicated business centre is missing at The Phoenix entirely. A games and billiards room is not available at M City 3, and a formal meeting room is likewise absent from The Phoenix's offering. Together with the yoga studio, rooftop terrace, and concierge service, this package best serves career-focused professionals in their late twenties to mid-thirties who prioritize a full-service wellness environment and work-from-home flexibility over the children's playrooms, splash pads, and pet wash stations that define the newer M City product.