Westgate on Main — Rental Market Data

Westgate on Main has two active listings as of August 31, 2026, with asking rents ranging from $1,950 to $2,100 per month, an average of $2,025, and a median of $2,025. Both units average 600 square feet at $3.39 per square foot, and the entire active inventory is composed of one-bedroom-plus-den layouts, representing 100 percent of available suites. The current selection leans toward compact entry-level-plus configurations rather than multi-bedroom executive plans, with no two-bedroom or three-bedroom units on the market.

The sole active layout at Westgate on Main is the one-bedroom-plus-den, accounting for both listings and 100 percent of available inventory. The two units average $2,025 per month, 600 square feet, and $3.39 per square foot, with the smaller 550-square-foot unit asking $1,950 at $3.55 per square foot and the larger 650-square-foot unit asking $2,100 at $3.23 per square foot. No studio, one-bedroom, two-bedroom, or three-bedroom tiers currently have active listings at this building.

Westgate on Main's active asking rents span from $1,950 to $2,100 per month, a $150 spread representing 7.7 percent, with a median asking rent of $2,025. The entry-level listing is a 550-square-foot one-bedroom-plus-den at $3.55 per square foot, while the peak listing is a 650-square-foot one-bedroom-plus-den at $3.23 per square foot. The wider footprint on the upper unit drives its lower per-square-foot rate despite the higher nominal rent.

Active den premiums and square-footage deltas at Westgate on Main cannot be reliably quantified from the current two-unit sample, so no marginal cost per square foot for additional den space can be stated. Parking stall costs are similarly inconclusive; the paired data set is too small or contains anomalous outliers to isolate a dependable monthly parking add-on, and no verified figure should be assumed.

Westgate on Main's active asking average of $2,025 per month sits one dollar below the Central Hamilton submarket asking benchmark of $2,026, yet the building's $3.39 per square foot rate runs 15.3 percent above the submarket asking rate of $2.94 per square foot. The nominal rent parity masks a meaningful per-square-foot premium because the two available suites average 600 square feet, a larger footprint than the submarket's typical listing. Westgate on Main represents two out of 197 active listings in Central Hamilton, or roughly one percent of the submarket's current rental inventory.

Westgate on Main's average realized lease rent of $1,872 per month sits $622 below the four-comp benchmark of $2,494, with every active competitor pricing higher on a nominal monthly basis. 344 Main Street W (344 Main Street W, 0.22 km, one closed lease) averaged $2,099 per month at $1.64 per square foot across 1,280 square feet, placing the subject $227 lower in total rent. 101 Locke (101 Locke St S, 0.24 km, six closed leases) averaged $2,633 per month at $3.54 per square foot across 751 square feet, a $761 monthly gap above the subject. Allenby Lofts (357 Hunter St W, 0.28 km, two closed leases) averaged $2,750 per month at $2.39 per square foot across 1,158 square feet, an $878 monthly premium over the subject. Margaret Street Lofts (36 Margaret St, 0.18 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark for direct comparison.

Westgate on Main commands a per-square-foot premium over every active competitor while providing fewer interior square feet, creating a lower total monthly rent that reflects suite size rather than a weaker asset valuation. Against 344 Main Street W, the subject trades at a $2.03 per square foot (123.8%) premium yet provides 770 fewer interior square feet, so the $227 lower nominal rent is driven entirely by the compact 510-square-foot footprint versus the competitor's 1,280-square-foot layout. Versus 101 Locke, the subject carries a modest $0.13 per square foot (3.7%) premium and 241 fewer square feet, yielding a $761 lower monthly rent that stems from the smaller interior area rather than a discount in unit pricing. Allenby Lofts presents the widest spread: the subject commands a $1.28 per square foot (53.6%) premium while delivering 648 fewer square feet, producing an $878 lower total rent that a renter should read as a space trade-off, not a value concession on the building itself.

Westgate on Main offers a nine-feature lifestyle package—including concierge and security, gym and fitness centre, party and lounge room, dining room and kitchen, library and reading room, BBQ area, rooftop terrace, garden and courtyard, and pet wash station—that is materially broader than any single competitor in this 280-metre radius. Against 101 Locke, the subject adds a dedicated dining room and kitchen, a library and reading room, and a garden and courtyard that the Locke building does not list, while 101 Locke counters with a yoga studio, sauna and steam room, and games and billiards room absent from the subject. Allenby Lofts provides only rooftop terrace, party and lounge room, and concierge, leaving the subject's gym, dining kitchen, library, BBQ area, garden, and pet wash station as clear differentiators. 344 Main Street W carries no listed amenities whatsoever, and Margaret Street Lofts offers only a BBQ area and garden. The resulting package—full-service concierge, on-site fitness, communal dining and reading spaces, outdoor living, and dedicated pet care—targets young professionals and small households in Central Hamilton who want a turnkey urban lifestyle without the premium per-square-foot pricing of larger-suite competitors.