The Capital II - South Tower — Rental Market Data

The Capital II – South Tower has five active rental listings as of August 31, 2026, spanning a price range of $2,400 to $2,850 per month with an average asking rent of $2,690 and a median of $2,800. The average suite measures 790 square feet at an asking rate of $3.45 per square foot. Two-bedroom layouts dominate the active inventory at 60 percent of available units, indicating the current mix leans toward multi-bedroom executive suites rather than compact entry-level one-bedrooms.

Two-bedroom suites are the dominant active layout at The Capital II – South Tower, with three listings representing 60 percent of available inventory at an average rent of $2,833 per month, 883 average square feet, and $3.22 per square foot. One-bedroom units account for one listing at 20 percent share, asking $2,400 per month across 650 square feet at $3.69 per square foot. A single one-bedroom-plus-den unit rounds out the inventory at 20 percent, listed at $2,550 per month for 650 square feet at $3.92 per square foot.

The Capital II – South Tower offers active rents from a minimum of $2,400 per month to a peak of $2,850 per month, a dollar spread of $450 and a percentage spread of 18.8 percent. The median asking rent sits at $2,800 per month. The entry-level suite is a one-bedroom at 650 square feet priced at $3.69 per square foot, while the peak listing is a two-bedroom at 950 square feet offering more space at a lower rate of $3.00 per square foot.

The Capital II – South Tower carries an active den premium of $150 per month, though the square footage delta between den and non-den suites is unquantified in the current dataset, making the marginal cost per additional square foot indeterminable. Parking stall premiums cannot be reliably isolated from current active listings due to insufficient paired sample data, and no verified parking add-on cost is available from historical leases either.

The Capital II – South Tower asks an average of $2,690 per month at $3.45 per square foot, compared to the Mississauga City Centre submarket asking benchmark of $2,771 per month at $3.64 per square foot. The building's 5.2 percent lower rate per square foot means tenants pay less for each unit of space, even though the nominal monthly rent is only marginally below the submarket average—a gap largely explained by the building's slightly larger average suite footprint of 790 square feet. The tower holds five of the 242 active listings in the Mississauga City Centre submarket, representing approximately 2.1 percent of total area inventory.

The Capital II – South Tower's average closed-lease rent of $2,629 per month sits $233 above the four-comp average of $2,396, driven primarily by its larger suite footprint rather than a per-square-foot premium. The Capital I – North Tower at 4090 Living Arts Dr leases at $2,418 per month ($3.48 per square foot, 700 sq ft), The Capital II at 320 City Centre Drive at $2,100 per month ($3.23 per square foot, 650 sq ft), Amica at City Centre on 350 Princess Royal Drive at $2,625 per month ($3.14 per square foot, 875 sq ft), and City Centre – Wesley Tower at 4065 Confederation Pkwy at $2,441 per month ($3.89 per square foot, 648 sq ft). The subject's $2,629 figure is closest to Amica's $2,625, yet the subject delivers 768 square feet versus Amica's 875, meaning renters at the South Tower receive a smaller unit for essentially the same monthly outlay.

The Capital II – South Tower leases at $3.44 per square foot for an average 768-square-foot suite, positioning it at a $0.04 per square foot discount below The Capital I – North Tower ($3.48/sq ft, 700 sq ft) and a $0.45 per square foot discount below City Centre – Wesley Tower ($3.89/sq ft, 648 sq ft), while commanding a $0.21 per square foot premium over The Capital II at 320 City Centre Drive ($3.23/sq ft, 650 sq ft) and a $0.30 per square foot premium over Amica at City Centre ($3.14/sq ft, 875 sq ft). Renters choosing the South Tower gain 68 additional square feet over the North Tower and 120 more over Wesley Tower at a lower per-square-foot rate, but they accept 107 fewer square feet than Amica's 875-square-foot suites for a higher per-square-foot price. The practical trade-off is clear: the subject delivers mid-range space at mid-range pricing, appealing to renters who prioritize interior volume and resort-style indoor amenities over the maximum square footage or the newest building stock available in the City Centre submarket.

The Capital II – South Tower's amenity package leans heavily on indoor leisure and resort-style recreation, distinguishing it from both the older 2006 peers and the 2021 Wesley Tower. The building's golf simulator is a standout feature absent from Amica at City Centre (which offers an indoor putting green instead) and from Wesley Tower (which substitutes a basketball court and rock climbing wall). The South Tower's hot tub and jacuzzi, combined with its sauna and steam room, create a full spa circuit that Amica at City Centre does not match, as Amica lacks both the hot tub and the dedicated sauna/steam pairing. The rooftop terrace paired with a dedicated BBQ area gives residents an outdoor social space that Amica replaces with a garden courtyard and on-site café but does not replicate as a combined terrace-and-grill setup. Conversely, Amica's business centre, hair salon and spa, and indoor putting green represent offerings the South Tower does not provide, and Wesley Tower's dog run, children's playground, and kids' play room cater to families in ways the South Tower's portfolio does not. The lifestyle package at 4080 Living Arts Dr is best suited to young professionals and couples who value a resort-calibre indoor amenity suite—pool, spa, golf simulator, and rooftop entertaining—within a mid-size urban suite, rather than families seeking outdoor play areas or commuters prioritizing on-site business services.