Transit City 2 — Rental Market Data

Transit City 2 features 6 active listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,200 per month, averaging $2,550 per month and a median of $2,500 per month. Active suites average 726 square feet at an asking rate of $3.54 per square foot. Two-bedroom configurations dominate the active inventory with a 66.7% share, indicating that current availability leans toward multi-bedroom layouts rather than compact entry-level suites.

The dominant active layout at Transit City 2 is the 2-Bedroom configuration, representing 4 listings and a 66.7% inventory share. Two-bedroom suites average $2,450 per month with a median asking rent of $2,500 per month across an average size of 689 square feet at $3.59 per square foot. The 1-Bedroom plus den tier accounts for 1 active listing or a 16.7% share, asking an average of $2,300 per month across 650 square feet at $3.54 per square foot. The 3-Bedroom-plus tier also comprises 1 active listing or a 16.7% share, commanding an average asking rent of $3,200 per month across 950 square feet at $3.37 per square foot.

Transit City 2 demonstrates a minimum entry rent of $2,200 per month and a peak asking rent of $3,200 per month, creating a dollar spread of $1,000 per month or a 45.5% percentage spread. The median asking rent rests at $2,500 per month. The entry-level suite consists of a 2-bedroom layout spanning 638 square feet priced at $3.45 per square foot, while the peak suite is a 3-bedroom-plus layout spanning 950 square feet priced at $3.37 per square foot.

Active den premium data for Transit City 2 cannot be isolated as active den premiums and square footage deltas are unquantified. Active parking stalls carry a verified monthly add-on cost of $333 per month.

Transit City 2 asks an average of $2,550 per month at $3.54 per square foot, compared to the broader Vaughan Metropolitan Centre submarket asking benchmark of $2,315 per month at $3.73 per square foot. The nominal rent variance reflects broader suite sizing within the building rather than higher unit pricing. The building's asking rate per square foot tracks 5.1% below the submarket asking benchmark while representing 5.2% of total submarket active inventory.

Transit City 2 achieves an average lease rent of $2,344 per month, comparing against the overall competitive average of $2,290 per month across key benchmarks such as Transit City, Transit City 4 (TC4), and Transit City 5 (TC5). Transit City (898 Portage Pkwy) achieved an average lease rent of $2,372 per month at $3.37 per square foot across an average of 707 square feet. Transit City 4 (1000 Portage Pkwy) recorded an average lease rent of $2,184 per month at $3.93 per square foot across an average of 565 square feet. Transit City 5 (7890 Jane St) posted an average lease rent of $2,315 per month at $3.70 per square foot across an average of 632 square feet. The Millway (185 Millway Avenue / 20 Bent Tree Drive) maintains a completion year of 2023 with 0 active listings.

Transit City 2 delivers a compelling value proposition by offering an average leased rate of $3.38 per square foot across an average suite size of 698 square feet, trading at a discount compared to newer phases while providing more expansive floor plans. When evaluated against Transit City 4 (TC4) at 1000 Portage Pkwy ($3.93 per square foot across 565 square feet) and Transit City 5 (TC5) at 7890 Jane St ($3.70 per square foot across 632 square feet), renters at Transit City 2 benefit from significantly larger interior layouts and lower relative rates per square foot. Renters trade away the ultra-compact, newer footprints of 2023 builds to gain substantial square footage, enhanced overall layout efficiency, and more favorable total monthly space allocation without paying peak submarket premiums.

Transit City 2 delivers an extensive lifestyle and amenity package that matches or exceeds competing developments in the Vaughan Metropolitan Centre node. The building features signature amenities including an outdoor pool, a dedicated yoga studio, an indoor track, and an advanced golf simulator, rivaling specialized offerings found at nearby properties like Transit City 4, which incorporates a Tesla car-share and Buca Restaurant and Bar, and Transit City 5, which features a co-working space and a library and reading room. Both Transit City and The Millway offer standard building staples like concierge security, fitness centres, and party rooms, but Transit City 2 distinguishes itself with a robust athletic and recreational lineup. This diverse amenity collection particularly serves active professionals and fitness-focused residents seeking comprehensive on-site wellness facilities.