Oakridge Heights III — Rental Market Data

Oakridge Heights III lists two active units as of August 31, 2026, both asking $2,900 per month with a median of $2,900 and a zero-dollar spread. Each suite measures 800 square feet at $3.63 per square foot, and the inventory splits evenly between a one-bedroom and a one-bedroom-plus-den layout, placing 50 percent of active stock in each tier. The offering skews toward compact entry-level and small family suites rather than multi-bedroom executive configurations, with no two- or three-bedroom units currently available.

The dominant active layout at Oakridge Heights III is the one-bedroom, holding one of two listings (50 percent share) at an average asking rent of $2,900 per month across 800 square feet and $3.63 per square foot. The one-bedroom-plus-den tier mirrors those figures exactly—one unit, 50 percent share, $2,900 per month, 800 square feet, $3.63 per square foot—making the two active listings effectively identical in pricing and footprint despite the den designation. Both tiers are single-listing samples, so no meaningful intra-tier price dispersion can be calculated.

Oakridge Heights III's two active listings both ask $2,900 per month, producing a minimum entry rent of $2,900, a peak asking rent of $2,900, and a zero-dollar, zero-percent spread. The entry-level suite is a one-bedroom-plus-den at 800 square feet and $3.63 per square foot, while the peak suite is also a one-bedroom-plus-den at the same 800 square feet and $3.63 per square foot, confirming that the building's current inventory presents a single price point with no tiered differentiation. Renters evaluating these units should note that the identical asking prices eliminate any internal negotiation leverage based on unit-to-unit comparison.

Oakridge Heights III's active den premium is unquantified, with both the dollar delta and square-footage difference recorded at zero, meaning the den designation does not carry a measurable price surcharge over the base one-bedroom in the current listings. Marginal cost per square foot for additional den space therefore cannot be isolated from this sample. Parking stall premiums also cannot be reliably quoted: the dataset flags the paired sample as an unreliable outlier or insufficient, and no verified monthly parking add-on figure is available for either active or historically leased units.

Oakridge Heights III asks $2,900 per month at $3.63 per square foot, compared to the Oakville South submarket average asking rent of $4,206 per month and $8.34 per square foot. The building's 56.5 percent per-square-foot discount reflects its 800-square-foot suites, which are 296 square feet larger than the submarket's implied 504-square-foot average, so the lower nominal rent is consistent with a spacious but rate-efficient positioning rather than a premium product. Oakridge Heights III accounts for two out of 17 active listings in the submarket, representing roughly 12 percent of available inventory.

Oakridge Heights III's all-time average realized lease rent of $3,610 per month exceeds the four-comp benchmark of $2,772 by $838, outpacing every nearby competitor on nominal monthly cost. Oakridge Heights at 60 Old Mill Rd (0.12 km, 2 closed leases) averaged $3,200 per month at $5.54 per square foot for 693 square feet, placing the subject $410 higher. Oakridge Heights I at 50 Old Mill Rd (0.12 km, 1 closed lease) averaged $2,650 per month at $3.21 per square foot for 825 square feet, a $960 gap in the subject's favour. Oak Hill at 20 Speers Road (0.35 km, 1 closed lease) averaged $2,700 per month at $2.08 per square foot for 1,300 square feet, leaving the subject $910 higher on a much larger suite. Rain at 65 Speers Rd (0.53 km, 18 closed leases) averaged $2,536 per month at $3.54 per square foot for 745 square feet, the widest spread at $1,074 above the subject's realized rent.

At $5.15 per square foot for an average 818-square-foot suite, Oakridge Heights III commands a per-square-foot premium over three of four nearby active competitors while trading at a $0.39-per-square-foot discount below Oakridge Heights. Against Oakridge Heights (60 Old Mill Rd), the subject trades at a 7.0% discount per square foot yet provides 125 more interior square feet, meaning the higher nominal rent is driven by the larger footprint rather than a rate premium. Versus Oakridge Heights I (50 Old Mill Rd), the subject commands a $1.94-per-square-foot premium (60.4%) while providing 7 fewer interior square feet, so both the rate and a near-identical footprint push the monthly cost higher. Oak Hill (20 Speers Road) shows the starkest contrast: the subject commands a $3.07-per-square-foot premium (147.6%) but provides 482 fewer interior square feet, meaning the nominal rent variance is overwhelmingly driven by the significantly smaller suite size rather than asset valuation. Rain (65 Speers Rd) presents a dual premium—$1.61 per square foot (45.5%) higher rate and 73 more interior square feet—so both rate and size compound to produce the $1,074 monthly gap.

Oakridge Heights III offers a 14-item amenity package that includes a Dining Room & Kitchen and a dedicated Meeting Room—features absent from its two closest same-generation peers—while Rain at 65 Speers Rd adds wellness and pet facilities the subject does not carry. Compared with Oakridge Heights (60 Old Mill Rd) and Oakridge Heights I (50 Old Mill Rd), the subject's Dining Room & Kitchen is the distinguishing lifestyle addition, rounding out an otherwise near-identical amenity list of concierge, car wash bay, gym, indoor pool, sauna and steam room, party lounge, games and billiards, library, hobby room, media theatre, BBQ area, and garden courtyard. Against Oak Hill (20 Speers Road), the subject adds concierge and security, car wash bay, sauna and steam room, meeting room, games and billiards, media theatre, and dining room—seven facilities the 1973-era building lacks entirely. Rain (65 Speers Rd) differentiates with a yoga studio, hot tub and jacuzzi, rooftop terrace, pet wash station, and cold water plunge pool, while the subject retains the Meeting Room and Hobby Room that Rain omits. This full-service, indoor-recreation-heavy package—anchored by the indoor pool, sauna, dining room, and meeting room—best serves professional households and small families in Oakville South who prioritize a turnkey lifestyle environment with on-site social and remote-work infrastructure over outdoor wellness or pet-specific amenities.