Chelsea Towers — Rental Market Data

Chelsea Towers has 2 active listings as of August 31, 2026, with asking rents ranging from $3,150 to $3,350 per month, an average of $3,250 per month, and a median of $3,250 per month. Both available suites average 1,025 square feet at an asking rate of $3.18 per square foot. The entire active inventory consists of 2-bedroom layouts at 100 percent share, placing the building squarely in the multi-bedroom tier rather than the compact entry-level segment.

The dominant and sole active layout at Chelsea Towers is the 2-bedroom, with both available units representing a 100 percent share of current inventory. The two 2-bedroom suites average $3,250 per month across 1,025 square feet at $3.18 per square foot, with the smaller unit at 950 square feet asking $3,320 per square foot and the larger at 1,100 square feet asking $3.05 per square foot. No 1-bedroom or 3-bedroom units are currently listed, so renters in those tiers must look to other buildings in the Mississauga City Centre submarket.

Chelsea Towers shows a minimum entry rent of $3,150 per month and a peak asking rent of $3,350 per month, producing a dollar spread of $200 and a percentage spread of 6.3 percent. The median asking rent sits at $3,250 per month, anchoring the midpoint of this narrow range. The entry-level suite is a 2-bedroom at 950 square feet asking $3.32 per square foot, while the peak suite is a 2-bedroom at 1,100 square feet asking $3.05 per square foot, meaning the larger unit carries a lower per-square-foot rate despite the higher absolute rent.

Chelsea Towers does not have quantified den premium data, as neither the dollar amount nor the square-footage delta for extra den space can be reliably isolated from the current two-unit sample. Parking stall costs likewise cannot be reliably quoted, as the paired sample is insufficient to separate a consistent monthly premium from anomalous outliers. Renters should confirm both den and parking add-on costs directly with the leasing office before signing a lease.

Chelsea Towers asks an average of $3,250 per month at $3.18 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 nominal rent is $479 higher than the submarket average, but that gap is driven by suite size: Chelsea Towers' active units average 1,025 square feet versus a submarket implied average of 761 square feet, a 264-square-foot delta that fully explains the higher absolute rent. On a per-square-foot basis, the building trades 12.6 percent below the submarket asking rate, and its two active listings represent just 2 out of 242 available units across the entire Mississauga City Centre submarket.

Chelsea Towers at 4205 Shipp Drive realized an average lease rent of $2,538 per month over the trailing year, sitting $128 below the four-comp benchmark of $2,666. Against Chelsea Towers at 4185 Shipp Drive (0.05 km, 9 closed leases, $2,711 average rent, $2.88 per square foot, 944 sq ft), the subject trades at a $173-per-month lower rent. The Sherwood at 4235 Sherwoodtowne Boulevard (0.1 km, 2 closed leases, $3,000 average rent, $3.40 per square foot, 1,000 sq ft) shows the subject at a $462-per-month lower rent. In contrast, Absolute Vision – Tower Three at 80 Absolute Ave (0.52 km, 22 closed leases, $2,503 average rent, $3.25 per square foot, 774 sq ft) commands a rent $35 lower than the subject, and Absolute World B – Tower Five at 50 Absolute Ave (0.56 km, 27 closed leases, $2,450 average rent, $3.21 per square foot, 772 sq ft) sits $88 below the subject's realized figure.

Chelsea Towers at 4205 Shipp Drive leases at $2.72 per square foot on a 938-square-foot average suite, trading at a discount below every active nearby competitor on a per-foot basis while delivering more interior space than the two Absolute Avenue towers. Versus Chelsea Towers at 4185 Shipp Drive, the subject offers a $0.16-per-square-foot (5.6%) discount and 6 fewer square feet of interior area, so the $173 lower monthly rent reflects a slightly tighter footprint rather than a weaker asset valuation. Against The Sherwood, the subject trades at a $0.68-per-square-foot (20%) discount with 62 fewer square feet, producing the $462 lower nominal rent. With Absolute Vision – Tower Three, the subject provides 164 more square feet at a $0.53-per-square-foot (16.3%) discount, which lifts the total monthly rent $35 above the comp despite the per-foot savings. The same dynamic holds against Absolute World B – Tower Five: 166 additional square feet at a $0.49-per-square-foot (15.3%) discount yields a rent $88 higher than that competitor.

Chelsea Towers at 4205 Shipp Drive fields a 14-item amenity suite anchored by an indoor pool, tennis and pickleball court, dedicated kids' play room, media and theatre room, and rooftop terrace, positioning it as a family-oriented lifestyle building within this peer set. The subject's indoor children's play room and outdoor children's playground are absent from The Sherwood at 4235 Sherwoodtowne Boulevard, while its tennis and pickleball court and garden courtyard do not appear in that 1985-era competitor's offering. Against the newer Absolute Avenue towers, the subject lacks the outdoor pool, hot tub and jacuzzi, yoga studio, business centre, and pet wash station that those 2009- and 2012-built buildings provide, but it retains a dedicated indoor kids' play room and garden courtyard that Absolute World B – Tower Five does not include. The lifestyle package here best serves families with young children and active adults who prioritize on-site recreation, a secure concierge environment, and a lower per-square-foot rate over the resort-style aquatic and wellness amenities of the newer Absolute Avenue high-rises.