ParkCity 2 — Rental Market Data

ParkCity 2 has one unit actively listed as of August 31, 2026, asking $1,850 per month with both the average and median rent at that single figure. The available suite spans 550 square feet at an asking rate of $3.36 per square foot, and the 100 percent layout share falls to one-bedroom configurations. With only a compact entry-level one-bedroom on the market, current inventory does not extend into multi-bedroom or executive tiers, and renters seeking larger footprints will need to look beyond this building.

The sole active layout at ParkCity 2 is a one-bedroom suite, representing 100 percent of available inventory with a single listing. That unit asks $1,850 per month for 550 square feet, equating to $3.36 per square foot. No two-bedroom, three-bedroom, or den configurations are currently listed, making this a single-transaction sample rather than a broad layout distribution.

ParkCity 2's active pricing spread is effectively zero, with both the minimum and peak asking rent at $1,850 per month across a single listing. The entry-level and peak suite are the same one-bedroom unit at 550 square feet and $3.36 per square foot, so there is no internal price gradient to evaluate. Renters comparing this figure to the building's historical lease average of $2,175 per month should note that the lower asking rent reflects the more compact 550-square-foot footprint versus the 650-square-foot average seen in prior closed leases.

ParkCity 2 does not have a quantified den premium or square-footage delta for den configurations, as no den-equipped suites are currently active. Parking stall costs also cannot be reliably isolated from the available data, with the premium flagged as an unreliable outlier or insufficient paired sample, so no specific monthly parking figure can be quoted. Renters interested in parking should request a direct quote from the leasing office rather than relying on market estimates.

ParkCity 2's active asking rent of $1,850 per month and $3.36 per square foot both sit below the Burlington North submarket averages of $2,385 per month and $3.57 per square foot, a 5.9 percent discount on the per-square-foot basis. The lower nominal rent is driven by the active suite's 550-square-foot footprint, which is 118 square feet smaller than the submarket implied average of 668 square feet, so the per-square-foot comparison is the more accurate measure of relative value. ParkCity 2 accounts for one out of 39 total active listings in the Burlington North submarket, representing roughly 2.6 percent of available inventory.

ParkCity 2's all-time average realized lease rent of $2,175 per month sits $84 below the overall comp benchmark of $2,259, with both active competitors pricing at or above the subject. Tansley Gardens I (4025 Kilmer Dr, 0.1 km) closed one lease at an average of $2,200 per month ($4.00 per square foot over 550 square feet), placing the subject $25 lower on a monthly basis. Tansley Gardens II (4013 Kilmer Dr, 0.13 km) closed three leases averaging $2,317 per month ($2.84 per square foot over 831 square feet), meaning the subject trades at a $142-per-month lower rent. Tansley Gardens III (4015 Kilmer Dr, 0.15 km) and Kensington Gate II (4016 Kilmer Dr, 0.21 km) each recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark against which to compare the subject.

ParkCity 2 leases at $3.37 per square foot over an average 650-square-foot suite, positioning it at a discount to Tansley Gardens I's $4.00 per square foot while commanding a premium over Tansley Gardens II's $2.84 per square foot, with the submarket benchmark at $3.43 per square foot. Against Tansley Gardens I, the subject trades at a $0.63-per-square-foot (15.8%) discount and provides 100 more interior square feet, delivering a larger footprint at a lower rate per square foot for a net monthly saving of $25. Against Tansley Gardens II, the subject commands a $0.53-per-square-foot (18.7%) premium but provides 181 fewer interior square feet; the $142-per-month lower nominal rent is driven entirely by the smaller interior footprint rather than a lower asset valuation, meaning renters gain a higher per-square-foot rate in exchange for a more compact suite. Tenants in this pocket also benefit from a tenant-favorable negotiation environment, with an average concession of $88 per month (3.75% below asking) across the subject's recent lease closings.

ParkCity 2 offers an eight-feature lifestyle package—including a rooftop terrace, gym and fitness centre, media and theatre room, games and billiards room, dining room and kitchen, garden and courtyard, party and lounge room, and BBQ area—that substantially outpaces every nearby competitor in this Kilmer Drive cluster. Tansley Gardens I provides only a BBQ area and party room; Tansley Gardens II carries no listed amenities at all; Tansley Gardens III offers a concierge and security desk; and Kensington Gate II includes a BBQ area, party room, and pet wash station. The subject's rooftop terrace, dedicated fitness centre, media theatre, and games room are absent from all four competitors, while the subject lacks the concierge service found at Tansley Gardens III and the pet wash station at Kensington Gate II. This amenity mix targets young professionals and small families in Burlington North who prioritize on-site recreation, social gathering space, and modern fitness access over concierge-level service or dedicated pet facilities.