The Well - Classic Series II — Rental Market Data

The Well - Classic Series II has two active listings as of August 31, 2026, with asking rents ranging from $4,000 to $4,300 per month, an average of $4,150, and a median of $4,150. Both units average 928 square feet at a combined asking rate of $4.49 per square foot. The inventory is split evenly between a two-bedroom and a three-bedroom-plus layout, with no one-bedroom or studio options currently available, so the active mix leans toward mid-size and executive multi-bedroom suites rather than compact entry-level units.

The dominant active layout at The Well - Classic Series II is the two-bedroom, accounting for one of two listings and a 50 percent share of available inventory. The two-bedroom tier lists at $4,000 per month across 850 square feet at $4.71 per square foot, while the three-bedroom-plus tier lists at $4,300 per month across 1,006 square feet at $4.27 per square foot. Each tier consists of a single listing, so renters face zero in-building alternatives within either bedroom category.

The Well - Classic Series II shows a $300 spread between its minimum entry rent of $4,000 and peak asking rent of $4,300, a 7.5 percent range across two active units. The median asking rent sits at $4,150 per month. The entry-level suite is a two-bedroom at 850 square feet priced at $4.71 per square foot, while the peak offering is a three-bedroom-plus at 1,006 square feet priced at $4.27 per square foot, meaning the larger unit actually carries a lower rate per square foot despite the higher absolute rent.

Den premiums at The Well - Classic Series II cannot be quantified from current active data, as no paired den versus non-den listings exist in the two-unit sample to isolate a marginal cost per square foot. Parking stall costs are similarly unconfirmed: the available data is flagged as unreliable due to an anomalous outlier or insufficient paired sample, so no verified monthly parking add-on can be quoted to prospective renters.

The Well - Classic Series II asks an average of $4,150 per month at $4.49 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 nominal rent runs $1,070 above the submarket average, but this variance is fully explained by suite size: active units average 928 square feet versus the smaller footprints implied by the submarket rate, and on a per-square-foot basis The Well - Classic Series II actually trades 6.7 percent below the submarket asking rate. The building represents two out of 170 available listings in the Downtown West submarket, a 1.2 percent share of total active inventory.

The Well - Classic Series II's all-time average realized lease rent of $3,296 per month sits $1,290 below the four-comparable benchmark of $4,586 per month, a gap inflated by the Signature Series' premium large-format suites. The Well - Classic Series I at 470 Front St W (0.06 km, 29 closed leases) averaged $3,234 per month at $4.57 per square foot across 685 square feet, meaning the subject commands a $62 higher monthly rent than this closest active peer. The Well - Signature Series at 455 Wellington St W (0.11 km, 2 closed leases) averaged $6,975 per month at $5.39 per square foot across 1,301 square feet, a figure so far above the subject that the subject trades at a $3,679 lower monthly rent. The Wellington Worx Building at 436 Wellington St W (0.17 km, 1 closed lease) averaged $3,550 per month at $3.74 per square foot across 950 square feet, placing the subject at a $254 lower monthly rent. 468 Wellington at 468 Wellington St W (0.15 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.

The Well - Classic Series II leases at $4.41 per square foot across an average 763 square feet, a rate that trades at a discount below both active Tridel peers while commanding a premium over the older Wellington Street product, and the nominal rent differences are driven primarily by suite footprint rather than per-square-foot valuation. Against The Well - Classic Series I, the subject trades at a $0.16 per square foot discount (3.5 percent below the comp's $4.57 rate) yet provides 78 more interior square feet, so the $62 higher monthly rent reflects the larger footprint rather than a rate premium. Against The Well - Signature Series, the subject trades at a $0.98 per square foot discount (18.2 percent below the comp's $5.39 rate) and provides 538 fewer interior square feet, meaning both the smaller footprint and the lower per-square-foot rate compound to produce the $3,679 lower monthly rent. Against The Wellington Worx Building, the subject commands a $0.67 per square foot premium (17.9 percent above the comp's $3.74 rate) but provides 187 fewer interior square feet, so the $254 lower monthly rent is a function of the reduced footprint offsetting the higher rate. 468 Wellington recorded zero lease transactions over the trailing 180 days and cannot serve as an active pricing benchmark for per-square-foot or square-footage comparisons.

The Well - Classic Series II offers a 16-item lifestyle package anchored by dual indoor and outdoor pools, a hot tub, gym, rooftop terrace, outdoor cabana lounge, digital lounge, and TV lounge, a breadth that exceeds every nearby competitor except its sister tower. The Well - Classic Series I at 470 Front St W matches the subject on pools, hot tub, gym, and most social spaces but adds a yoga studio, business centre, dog run, and pet wash station that the subject does not carry; in return, the subject's outdoor cabana lounge, digital lounge, and TV lounge are absent from the Classic Series I roster. The Well - Signature Series at 455 Wellington St W provides only a gym, outdoor pool, party room, meeting room, dining room, and garden courtyard, lacking the subject's indoor pool, hot tub, media theatre, games room, rooftop terrace, and cabana lounge. The Wellington Worx Building offers merely a BBQ area and concierge desk, and 468 Wellington lists a single gym facility, making both effectively no-frills references against the subject's full-service package. This amenity depth—particularly the aquatic and wellness cluster combined with dedicated remote-work and entertainment spaces—positions the building for young professionals and dual-income households in their late twenties to mid-thirties who expect resort-style daily living without the step-up cost of the Signature Series' large-format product.