Ultima I - North — Rental Market Data

Ultima I - North holds three active listings as of August 31, 2026, spanning a price range of $2,250 to $3,850 per month with an average asking rent of $2,800 and a median of $2,300. The mean suite size across active inventory is 733 square feet at an asking rate of $3.92 per square foot. One-bedroom units represent 66.7 percent of current availability, indicating the inventory leans toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Ultima I - North is the one-bedroom, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,275 per month, 550 square feet, and $4.14 per square foot. The three-bedroom-plus tier holds a single listing at 33.3 percent share, asking $3,850 per month for 1,100 square feet at $3.50 per square foot. No two-bedroom units are currently on the market, leaving a gap in the mid-tier layout spectrum.

Ultima I - North's active availability spans from a minimum entry rent of $2,250 per month to a peak asking rent of $3,850 per month, producing a dollar spread of $1,600 and a percentage spread of 71.1 percent. The median asking rent sits at $2,300 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.09 per square foot, while the peak offering is a three-bedroom-plus layout at 1,100 square feet asking $3.50 per square foot.

Ultima I - North does not currently have a quantified den premium or square-footage delta isolable from active listings, as no paired den versus non-den comparison exists in the three available units. Verified historical lease data establishes a parking stall cost of $120 per month, though active parking premiums cannot be reliably isolated from the current listing sample due to insufficient paired observations.

Ultima I - North's active asking rent of $2,800 per month and $3.92 per square foot both sit modestly above the North York City Centre submarket benchmarks of $2,753 per month and $3.84 per square foot. The building's rate per square foot runs 2.1 percent higher than the submarket asking average, reflecting a slight premium on unit pricing rather than a size-driven advantage. Ultima I - North accounts for three of the 216 active listings across the North York City Centre submarket, representing approximately 1.4 percent of total area inventory.

Ultima I – North's average closed-lease rent of $2,468 per month runs $37 above the four-comp average of $2,431, yet remains $172 below the North York City Centre submarket benchmark of $2,640. Ultima II – South at 4968 Yonge St leases at $2,531 per month ($3.63 per square foot on 705 sq ft), Pearl Place at 4955 Yonge St at $2,543 ($4.13 per square foot on 628 sq ft), Broadway II at 155 Beecroft Rd at $2,336 ($3.69 per square foot on 638 sq ft), and Broadway I at 153 Beecroft Rd at $2,314 ($4.27 per square foot on 559 sq ft). The subject therefore sits in the middle of the rent range—above the two Beecroft towers but below both Yonge Street neighbours—while its 707-square-foot average suite is the largest in the set, cushioning the modest dollar premium over Broadway I and Broadway II with materially more living space.

At $3.55 per square foot on 707 square feet, Ultima I – North delivers a lower rate per square foot than all four nearby competitors while offering the largest average suite in the group. Compared with Pearl Place ($4.13/sq ft on 628 sq ft), the subject trades at a $0.58-per-square-foot discount and provides 79 additional square feet; against Broadway I ($4.27/sq ft on 559 sq ft), the discount widens to $0.72 per square foot with 148 extra square feet. Even versus its closest twin, Ultima II – South ($3.63/sq ft on 705 sq ft), the subject edges out a $0.08-per-square-foot saving on nearly identical floor plates. The practical trade-off for a renter is straightforward: you pay a few dollars more in absolute monthly rent than the Beecroft pair, but you receive a meaningfully larger unit at a lower per-square-foot cost, making Ultima I – North the strongest space-per-dollar proposition in this Yonge Street corridor.

Ultima I – North's amenity package leans toward leisure and entertainment, distinguishing it from the business- and dining-oriented profiles of several nearby competitors. The building's Golf Simulator is absent at Pearl Place, Broadway I, and Broadway II—only Ultima II – South shares that feature—giving residents a private practice facility that three of four rivals simply do not offer. The Media & Theatre Room sets the subject apart from Ultima II – South and Broadway II, neither of which provides a dedicated screening space, while the Rooftop Terrace is missing at both Ultima II – South and Broadway II. On the other hand, the subject lacks the Business Centre found at Ultima II – South, the Dining Room & Kitchen available at both Ultima II – South and Pearl Place, and the Hot Tub & Jacuzzi present at Pearl Place and Broadway II. This amenity mix—golf simulation, a private theatre, an open-air rooftop, plus a full gym, indoor pool, sauna, and games room—best serves young professionals and small households who prioritise on-site recreation and social entertaining over co-working infrastructure or in-building dining.