Mills Square East Tower - Downtown Erin Mills 4 — Rental Market Data

Mills Square East Tower has one active listing as of August 31, 2026, asking $3,000 per month with both the average and median rent at $3,000. The available suite spans 885 square feet at $3.39 per square foot and is configured as a 2-Bedroom + Den, representing 100 percent of current inventory. With only a single unit on the market, there is no layout spread to analyze; the building's availability is limited to this one executive-tier layout rather than compact entry-level suites.

The sole active layout at Mills Square East Tower is a 2-Bedroom + Den, accounting for 100 percent of available inventory with one listing. That unit asks $3,000 per month for 885 square feet at $3.39 per square foot. No 1-bedroom, 2-bedroom, or 3-bedroom tiers are currently listed, so renters seeking alternative configurations must look to the broader Mississauga West submarket.

Mills Square East Tower's single active listing sets both the minimum and maximum asking rent at $3,000 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 2-Bedroom + Den of 885 square feet priced at $3.39 per square foot. With no second listing to create a price corridor, the spread metric is uninformative for comparison shopping within this building.

Mills Square East Tower's active den premium and square-footage delta cannot be quantified because the single available unit already includes the den in its base configuration, leaving no paired 2-bedroom listing to isolate the marginal cost. Parking stall premiums also cannot be reliably isolated from the current data; the sample does not support a defensible dollar figure, and no verified parking add-on cost is available for this listing.

Mills Square East Tower's active asking rate of $3.39 per square foot sits 6.6 percent below the Mississauga West submarket asking benchmark of $3.63 per square foot, even though the nominal rent of $3,000 per month exceeds the submarket average asking rent of $2,685. That nominal gap is fully explained by suite size: the active unit's 885 square feet is 145 square feet larger than the submarket implied average of 740 square feet. The building represents one out of 47 active listings in the Mississauga West submarket, a 2.1 percent share of total available inventory.

Mills Square East Tower's all-time average realized rent of $2,783 per month sits $46 below the four-building comp benchmark of $2,829, with individual spreads ranging from $94 lower than Erin Square Tower A to $98 higher than Mills Square West Tower. Against Mills Square West Tower (4677 Glen Erin Dr, 0.04 km, 4 closed leases, $2,685 average rent, $3.50 per square foot, 775 sq ft), the subject commands a $98-per-month higher realized rent. Erin Square Tower A (4655 Metcalfe Ave, 0.09 km, 16 closed leases, $2,877 average rent, $3.43 per square foot, 853 sq ft) posts a $94-per-month higher realized rent than the subject. Erin Square Tower B (4675 Metcalfe Ave, 0.11 km, 13 closed leases, $2,744 average rent, $3.56 per square foot, 776 sq ft) trails the subject by $39 per month. Downtown Erin Mills Tower 2 (4655 Glen Erin Dr, 0.18 km, 12 closed leases, $3,008 average rent, $3.44 per square foot, 875 sq ft) realizes a $225-per-month higher rent than the subject. All four competitors recorded active lease volume, so every figure above reflects genuine closed transactions rather than asking-price estimates.

Mills Square East Tower leases at $3.56 per square foot over an average 783-square-foot suite, placing it at a per-square-foot premium over three of four nearby active competitors while offering a mid-pack interior footprint. Against Mills Square West Tower, the subject commands a $0.06-per-square-foot (1.7%) premium and provides 8 more interior square feet, a near-identical trade at a slightly higher rate. Versus Erin Square Tower A, the subject trades at a $0.13-per-square-foot (3.8%) premium yet delivers 70 fewer interior square feet; the $94-per-month lower nominal rent is driven entirely by the smaller footprint rather than a weaker asset valuation. Erin Square Tower B presents identical $3.56-per-square-foot parity, with the subject offering 7 additional square feet for a $39-per-month higher total rent. Downtown Erin Mills Tower 2 shows the widest gap: the subject commands a $0.12-per-square-foot (3.5%) premium while providing 92 fewer square feet, meaning the $225-per-month lower rent reflects the compact suite size, not a discount in per-unit pricing power.

Mills Square East Tower fields a 13-item amenity suite anchored by an indoor pool, rooftop terrace, and a distinctive outdoor mini-golf course that no nearby competitor replicates. The subject's meeting room and children's playground round out a family- and remote-work-friendly package, though it lacks the outdoor pool, media and theatre room, games and billiards room, pet wash station, and garden courtyard found across the two Erin Square towers and Tower 2. Compared to Mills Square West Tower, the subject adds a meeting room, children's playground, and outdoor mini-golf while matching on pool, gym, sauna, and rooftop access. The absence of a pet wash station and dedicated games room places the subject slightly behind the 2022 Erin Square pair in pet-owner and entertainment programming. This lifestyle package—combining aquatic wellness, a dedicated meeting space, and the unique mini-golf experience—best serves young professional families and remote workers in Mississauga West who prioritize indoor recreation, flexible workspaces, and outdoor leisure without the premium pricing of the larger 850-plus-square-foot suites at Erin Square Tower A or Tower 2.