Ivory on Adelaide — Rental Market Data

Ivory on Adelaide carries five active listings as of August 31, 2026, spanning $2,250 to $3,500 per month with an average asking rent of $2,642 and a median of $2,480. The average suite measures 713 square feet at $3.68 per square foot, and the inventory splits evenly between one-bedroom and one-bedroom-plus-den layouts (40 percent each), with a single two-bedroom unit rounding out the mix at 20 percent. The current listing pool leans toward compact entry-level and mid-tier suites rather than multi-bedroom executive configurations.

One-bedroom and one-bedroom-plus-den layouts each hold two of the five active listings, representing 40 percent of available inventory and tying for the dominant tier. One-bedroom units average $2,270 per month across 650 square feet at $3.49 per square foot, while one-bedroom-plus-den suites average $2,585 per month over 709 square feet at $3.65 per square foot. The lone two-bedroom listing asks $3,500 per month for 850 square feet at $4.12 per square foot, making it a single-transaction tier with no comparable alternative currently on the market.

Ivory on Adelaide's five active listings span a $1,250 spread from a $2,250 entry point to a $3,500 peak, a 55.6 percent range. The median asking rent sits at $2,480 per month. The entry-level one-bedroom at 650 square feet asks $2,250 per month at $3.46 per square foot, while the peak two-bedroom at 850 square feet commands $3,500 per month at $4.12 per square foot, reflecting both a larger footprint and a premium rate per unit of space.

Ivory on Adelaide's active den premium is quantified at $315 per month for an additional 59 square feet of den space, equating to a marginal cost of $5.34 per square foot for the extra room. Verified parking stalls carry a confirmed add-on of $210 per month, giving renters a transparent figure for secured underground or structured parking alongside their base rent.

Ivory on Adelaide's active asking average of $2,642 per month at $3.68 per square foot undercuts the St. Lawrence submarket asking benchmark of $2,934 per month at $4.51 per square foot by 18.4 percent on a rate-per-square-foot basis. The nominal monthly rent is also below the submarket average, and the 713-square-foot mean suite is comparable to the broader market, so the building's competitive positioning is driven primarily by its lower per-square-foot rate rather than compact sizing. The tower represents five out of 116 active listings in the St. Lawrence submarket, or roughly 4.3 percent of available inventory.

Ivory on Adelaide's all-time average realized lease rent of $2,639 per month runs $233 above the four-comp benchmark of $2,406, with the premium concentrated against the two active-volume peers. Axiom – Tower A at 460 Adelaide St E (0.05 km, 30 closed leases in the past 180 days) realized an average rent of $2,394 per month at $3.91 per square foot across 614 square feet, meaning the subject commands $245 more per month than this nearest active competitor. The Richmond I at 323 Richmond St E (0.09 km, 8 closed leases) averaged $2,418 per month at $3.94 per square foot over 616 square feet, placing the subject $221 higher in nominal rent. Liberty Lofts at 383 Adelaide St E (0.07 km) and Axiom – Tower B at 464 Adelaide St E (0.07 km) each recorded zero lease transactions over the trailing 180 days and therefore carry no realized rent benchmark for direct comparison.

Ivory on Adelaide offers a $3.75-per-square-foot leased rate across an average 705-square-foot suite, trading at a discount below both active competitors while delivering materially more interior space. Against Axiom – Tower A, the subject trades at a $0.16-per-square-foot (4.1%) discount and provides 91 more square feet of interior area, so the $245 higher monthly rent is driven entirely by the larger footprint rather than a per-unit valuation premium. The same dynamic holds against The Richmond I: the subject trades at a $0.19-per-square-foot (4.8%) discount and offers 89 additional square feet, with the $221 nominal rent gap again attributable to the expanded suite size. A renter choosing Ivory on Adelaide over either active peer is not paying more per unit of space; they are purchasing roughly 15 percent more interior area at a lower rate per square foot, making the building the value-oriented choice for tenants who prioritize square footage over compact, higher-rate-per-foot alternatives.

Ivory on Adelaide distinguishes itself in this corridor with a full aquatic and wellness suite—indoor pool, outdoor pool, and spa—that no nearby competitor replicates, complemented by a shared laundry room, gym, rooftop terrace, and party lounge. Axiom – Tower A and Axiom – Tower B each offer a yoga studio, sauna and steam room, pet wash station, and garden courtyard, none of which appear in the subject's amenity list; The Richmond I adds a hot tub and jacuzzi, basketball court, change rooms, and outdoor showers that the subject does not carry. The subject's signature differentiator is the dual-pool and spa combination, a resort-style aquatic package absent from all four comparables, while the Axiom pair's pet-focused programming and The Richmond I's outdoor sport and shower facilities represent lifestyle themes the subject does not address. This amenity mix best serves health-conscious professionals and small families who prioritize resort-grade swimming, spa access, and indoor recreation over pet amenities, outdoor courts, or garden courtyards.