Downtown Erin Mills — Rental Market Data

Downtown Erin Mills achieves an average lease rent of $2,732 per month, coming in slightly above the overall comparable benchmark average of $2,675 per month across its primary neighborhood competitors. Individual leasing performance varies by building age and suite sizing across the immediate corridor. Downtown Erin Mills - Tower 2 (4655 Glen Erin Dr) reports an average lease rent of $3,008 per month at $3.44 per square foot across an average of 875 square feet. Miracle in Mississauga (4900 Glen Erin Dr) commands an average lease rent of $2,508 per month at $3.25 per square foot across 774 square feet. Mills Square - West Tower - Downtown Erin Mills 3 (4677 Glen Erin Dr) achieves an average lease rent of $2,685 per month at $3.50 per square foot across 775 square feet. Papillon Place III (4850 Glen Erin Dr) records an average lease rent of $2,500 per month at $3.43 per square foot across 731 square feet.

Downtown Erin Mills establishes its value proposition by offering an average leased rate of $3.42 per square foot across an average suite size of 800 square feet, balancing modern construction efficiency against established neighborhood alternatives. Renters evaluating the subject building versus Miracle in Mississauga at 4900 Glen Erin Dr encounter a subject building rate that trades at a $0.17 per square foot (5.2%) premium over Miracle in Mississauga's $3.25 per square foot, while providing 26 more interior square feet than its 774 square foot counterpart. Conversely, Downtown Erin Mills trades at a $0.02 per square foot (0.6%) discount below Downtown Erin Mills - Tower 2 at 4655 Glen Erin Dr ($3.44 per square foot) while offering 75 fewer square feet than Tower 2's larger 875 square foot average footprints. When compared to Mills Square - West Tower at 4677 Glen Erin Dr ($3.50 per square foot), the subject building trades at a $0.08 per square foot (2.3%) discount while providing 25 more square feet than the competing 775 square foot layouts. Against Papillon Place III at 4850 Glen Erin Dr ($3.43 per square foot), the subject building trades at a $0.01 per square foot (0.3%) discount while delivering 69 more square feet than the older 731 square foot average layouts. This positions the subject building as an efficient mid-generation option where renters secure larger average floor plans than older competitors without absorbing the peak square footage pricing found in adjacent newer phases.

Downtown Erin Mills provides a comprehensive lifestyle and amenity profile that matches or exceeds the offerings found across the surrounding Glen Erin Drive competitive set. The building features signature amenities including a 24/7 Concierge & Security service, a fully equipped Gym & Fitness Centre, an Indoor Pool, a Sauna & Steam Room, and a landscaped Rooftop Terrace with designated BBQ areas. When contrasted with nearby competitors such as Downtown Erin Mills - Tower 2 and Mills Square - West Tower—which feature comparable fitness and pool facilities alongside specialized additions like yoga studios and media rooms—the subject building holds its ground by offering robust wellness and social spaces without sacrificing core resident conveniences. Similarly, while older properties like Papillon Place III include extensive recreational spaces such as golf simulators and hot tubs, Downtown Erin Mills delivers modern finishes and functional outdoor spaces like an outdoor children's playground and garden courtyards. This amenity mix ideally serves working professionals, couples, and small families seeking established recreational infrastructure within a master-planned community setting.