Soleil 1 — Rental Market Data

Soleil 1's average realized lease rent of $2,361 per month runs $106 above the four-comp benchmark of $2,255, placing the subject at a modest premium over its immediate Milton peer set. Breaking that out by competitor: Soleil - 2 at 470 Gordon Krantz Ave (0.1 km, 9 closed leases) averaged $2,500 per month at $3.10 per square foot across 812 square feet, meaning the subject trades at a $139-per-month lower rent than that building. Soleil 3 at 480 Gordon Krantz Ave (0.11 km, 9 closed leases) realized $2,246 per month at $3.22 per square foot over 704 square feet, so the subject commands a $115-per-month higher rent. Soleil 4 at 490 Gordon Krantz Ave (0.14 km, 9 closed leases) closed at $2,175 per month, $3.30 per square foot, and 669 square feet, putting the subject $186 per month above that mark. Hawthorne South Village at 1105 Leger Way (1.75 km, 21 closed leases) posted the lowest average at $2,099 per month, $3.31 per square foot, and 642 square feet, with the subject trading $262 per month higher than that 2020-era building. All four comparables recorded active lease volume, so every figure above reflects realized transactions rather than asking-price estimates.

Soleil 1 leases at $3.13 per square foot across an average 769-square-foot suite, positioning the subject below the four-comp rate benchmark of $3.23 per square foot while delivering 62 more square feet than the comp average of 707. Against Soleil - 2 (812 sq ft, $3.10/sf), the subject trades at a $0.03 per square foot premium but provides 43 fewer interior square feet, so the slightly higher per-unit-area rate is offset by a tighter footprint. Versus Soleil 3 (704 sq ft, $3.22/sf), the subject offers a $0.09 per square foot discount and 65 more interior square feet, giving renters more living area at a lower rate per unit of space. The gap widens against Soleil 4 (669 sq ft, $3.30/sf), where the subject trades at a $0.17 per square foot discount while providing 100 more square feet, and against Hawthorne South Village (642 sq ft, $3.31/sf), where the subject carries a $0.18 per square foot discount and 127 additional square feet. In each of those three comparisons, the subject's higher nominal monthly rent is driven entirely by the larger interior footprint rather than a stronger per-square-foot valuation; renters are paying more in total because they are getting meaningfully more space at a lower unit rate.

Soleil 1 offers a ten-feature lifestyle package spanning concierge and security, a gym and fitness centre, a dedicated yoga studio, rooftop terrace, BBQ area, garden and courtyard, business centre, party and lounge room, shared laundry room, and parcel room—placing it in the upper tier of its immediate Gordon Krantz Ave peer set. Compared with Soleil - 2, the subject adds a business centre and shared laundry room while Soleil - 2 counters with an EV charging station the subject lacks. Against Soleil 3, Soleil 1 provides a garden and courtyard plus parcel room that Soleil 3 omits, though Soleil 3 includes a dedicated meeting room and dining room and kitchen absent from the subject. Soleil 4 distinguishes itself with a games and billiards room and a meeting room not found at Soleil 1, while the subject's parcel room is unique within that trio. The sharpest contrast is with Hawthorne South Village, whose four-amenity list (BBQ area, party room, meeting room, media and theatre room) lacks the gym, yoga studio, rooftop terrace, concierge, business centre, and garden that define Soleil 1's offering. This amenity depth—particularly the wellness-focused yoga studio paired with a full fitness centre, the business centre for remote-work tenants, and the outdoor garden and rooftop combination—best serves young professional renters in Milton who prioritize a balanced work-from-home setup, daily fitness access, and outdoor social space without paying for a luxury hotel-style lobby or theatre room.