Erin Square - Tower B — Rental Market Data

Erin Square – Tower B has two active listings as of August 31, 2026, both priced at $3,000 per month, yielding an average and median asking rent of $3,000. The available suites average 850 square feet at $3.53 per square foot, and 100 percent of active inventory consists of 2-Bedroom + Den layouts. Current availability leans toward larger executive-style suites rather than compact entry-level one-bedroom or studio configurations.

The sole active layout at Erin Square – Tower B is the 2-Bedroom + Den, with two units representing 100 percent of current inventory. Both units average 850 square feet at $3,000 per month and $3.53 per square foot. No one-bedroom, studio, or three-bedroom tiers have active listings, so renters seeking those configurations must look to other buildings in the submarket.

Erin Square – Tower B's two active listings are both priced at $3,000 per month, producing a dollar spread of $0 and a percentage spread of 0 percent—availability is concentrated in a single price point. The entry-level and peak suites are identical: 2-Bedroom + Den layouts at 850 square feet and $3.53 per square foot. There is no tiered pricing gradient within the current active inventory.

Erin Square – Tower B does not have a quantified den premium or square-footage delta isolating the cost of den space from a standard two-bedroom unit, as both active listings already include the den in their base configuration. Parking stall premiums cannot be reliably isolated from current listings due to an insufficient paired sample, and no verified historical parking benchmark exists in the lease data either.

Erin Square – Tower B asks $3,000 per month at $3.53 per square foot, compared to the Mississauga West submarket asking average of $2,685 per month at $3.63 per square foot. The building's nominal rent is $315 higher than the submarket average, but that gap is fully explained by the 850-square-foot suite size versus the submarket's smaller average footprint; on a per-square-foot basis the building is actually 2.8 percent below the submarket asking rate. The tower holds two of the 47 total active listings in Mississauga West, representing roughly 4.3 percent of submarket inventory.

Erin Square – Tower B's average closed lease rent of $2,727 per month sits $20 above the four-comp average of $2,707, positioning it at the upper end of this immediate micro-market. Erin Square – Tower A at 4655 Metcalfe Ave (0.07 km) leased at $2,877 per month, or $3.43 per square foot across 853 square feet, representing a $150 premium over Tower B. Mills Square East Tower at 4699 Glen Erin Dr (0.11 km) closed leases at $2,805 per month, $3.54 per square foot, and 794 square feet on average. Mills Square – West Tower at 4677 Glen Erin Dr (0.14 km) recorded $2,685 per month, $3.50 per square foot, and 775 square feet. The outlier is Erin Mills at 2560 Eglinton Ave W (0.20 km), which leased at $2,460 per month, $3.67 per square foot, and 678 square feet—$267 less than Tower B but at a higher per-foot rate on a notably smaller suite.

Erin Square – Tower B leases at $3.57 per square foot on an average 770-square-foot suite, placing it at a slight premium over three of four nearby competitors while delivering a lower per-foot rate than the 2017-era Erin Mills benchmark of $3.67 per square foot. Against Erin Square – Tower A, Tower B trades at a $0.14 per square foot premium but provides 83 fewer interior square feet, so renters gain a marginally higher unit rate in exchange for a more compact layout. Compared with Mills Square East Tower, the subject commands a $0.03 per square foot premium on 24 fewer square feet, and versus Mills Square – West Tower it carries a $0.07 per square foot premium on 5 fewer square feet. The value story flips with Erin Mills: Tower B offers 92 more square feet at a $0.10 per square foot discount, making it the clear space-per-dollar winner in this cluster for renters prioritizing footprint over building age.

Erin Square – Tower B delivers a full-resort amenity package that outperforms three of its four nearby competitors on lifestyle breadth, particularly for families and pet-owning professionals. The building's outdoor pool is absent at Mills Square East Tower, Mills Square – West Tower, and Erin Mills, all of which offer only indoor or no aquatic facilities. Its dedicated pet wash station has no equivalent at any of the three non-sister comparables, giving pet owners a convenience none of those buildings match. The games and billiards room is missing from both Mills Square towers, and the library and reading room is unavailable at Mills Square – West Tower and Erin Mills. Finally, the landscaped garden and courtyard space that Tower B provides is not offered at Mills Square East Tower, Mills Square – West Tower, or Erin Mills. Together, these five signature features position Tower B as the strongest fit for young families, remote workers who want a social hub beyond a basic gym, and pet owners seeking a turnkey lifestyle package in Mississauga West.