Victory Condominiums — Rental Market Data

Victory Condominiums has two active listings as of August 31, 2026, spanning $2,400 to $2,550 per month with an average and median asking rent of $2,475. The average suite measures 600 square feet at an asking rate of $4.14 per square foot. Both available units are one-bedroom configurations—one standard one-bedroom and one one-bedroom-plus-den—so current inventory leans toward compact entry-level layouts rather than multi-bedroom executive suites.

The dominant active layout at Victory Condominiums is the one-bedroom tier, with one unit representing 50 percent of available inventory at an average asking rent of $2,400 per month, 550 square feet, and $4.36 per square foot. The remaining 50 percent is a single one-bedroom-plus-den unit listed at $2,550 per month over 650 square feet at $3.92 per square foot. Both tiers are single-listing samples, so no tier offers a renter more than one option.

Victory Condominiums currently lists two units with a minimum entry rent of $2,400 per month and a peak asking rent of $2,550 per month, producing a $150 spread or 6.3 percent range. The median asking rent sits at $2,475 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.36 per square foot, while the peak listing is a one-bedroom-plus-den at 650 square feet carrying a lower rate of $3.92 per square foot due to its larger footprint.

Victory Condominiums carries an active den premium of $150 per month for an additional 100 square feet of space, equating to a marginal cost of $1.50 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the current data set, as the paired sample is insufficient to produce a defensible figure.

Victory Condominiums asks an average of $2,475 per month at $4.14 per square foot, compared to the Downtown West submarket asking benchmark of $3,080 per month at $4.81 per square foot. The building's 13.9 percent discount on a rate-per-square-foot basis reflects both a genuinely lower asking rate and a slightly more compact average footprint of 600 square feet versus the submarket norm. Victory Condominiums accounts for two out of 170 available listings in the Downtown West submarket, or roughly 1.2 percent of total active inventory.

Victory Condominiums' average realized lease rent of $2,506 per month sits $710 below the four-building comp benchmark of $3,216, with the gap driven by smaller suite footprints rather than a wholesale rate discount. Quad Lofts II at 23 Brant St (0.06 km, two closed leases) averaged $2,425 per month at $3.63 per square foot across 668 square feet, meaning the subject commands a $81 higher monthly rent. Quad Lofts I at 19 Brant St (0.1 km, one closed lease) averaged $3,750 per month at $5.00 per square foot across 750 square feet, placing the subject $1,244 lower in nominal rent. Lofts 399 at 399 Adelaide St W (0.11 km, six closed leases) averaged $3,067 per month at $3.73 per square foot across 836 square feet, with the subject trading $561 lower. 400 Wellington West at 400 Wellington St W (0.15 km, five closed leases) averaged $3,620 per month at $4.35 per square foot across 827 square feet, putting the subject $1,114 below that peer. Every competitor in this set recorded at least one closed lease transaction over the past 180 days, so all four serve as active pricing references rather than zero-volume architectural references.

Victory Condominiums leases at $4.09 per square foot across an average 615-square-foot suite, a combination that undercuts the comp benchmark of $4.18 per square foot and 770 square feet while delivering a lower total monthly outlay than three of four nearby peers. Against Quad Lofts II, the subject commands a $0.46 per square foot (12.7%) premium yet provides 53 fewer interior square feet, so the higher rate is offset by a tighter footprint that keeps the nominal rent only $81 above the comp. Versus Quad Lofts I, the subject trades at a $0.91 per square foot (18.2%) discount and offers 135 fewer square feet, meaning the $1,244 lower monthly rent reflects both a cheaper rate and a smaller unit. Lofts 399 presents the sharpest trade-off: the subject commands a $0.36 per square foot (9.7%) premium while providing 221 fewer square feet, so tenants pay more per unit of space but save $561 per month on the total bill because the suite is materially smaller. Against 400 Wellington West, the subject trades at a $0.26 per square foot (6.0%) discount and delivers 212 fewer square feet, with the $1,114 lower rent split between a modestly cheaper rate and a notably compact layout. In every pairing, the subject's lower nominal rent is anchored by its reduced interior footprint rather than a devaluation of the asset itself.

Victory Condominiums fields a ten-item amenity suite that includes two features absent from every nearby competitor: a dedicated Dining Room & Kitchen and a Wet Bar, giving it a social-entertainment edge that no peer in this 150-metre radius matches. The building also offers a Rooftop Terrace, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Media & Theatre Room, Games & Billiards Room, Garden & Courtyard, and Concierge & Security. Quad Lofts I distinguishes itself with an Indoor Pool and Sauna & Steam Room that the subject does not provide, while Lofts 399 adds an Indoor Pool and a Business Centre that are likewise missing from Victory Condominiums' package. 400 Wellington West carries the leanest set at five amenities and lacks the subject's Wet Bar, Dining Room & Kitchen, Media & Theatre Room, and Games & Billiards Room. The primary renter demographic best served by this building's lifestyle package is the young professional or small household that prioritizes on-site social dining, casual entertaining, and a full fitness-and-recreation floor over aquatic or spa facilities, and who values a compact, low-maintenance one-bedroom-plus-den layout at a competitive total monthly cost.