Five — Rental Market Data

Five at 5 St Joseph St has six units actively listed for rent as of August 31, 2026, with asking rents ranging from $2,950 to $3,800 per month, an average of $3,542 per month, and a median of $3,650 per month. The average active suite measures 800 square feet at an asking rate of $4.44 per square foot. The inventory is dominated by 2-Bedroom + Den layouts at 66.7 percent of active listings, with the remaining 33.3 percent as standard 2-Bedroom units, meaning current availability leans firmly toward multi-bedroom executive configurations rather than compact entry-level suites.

The dominant active layout at Five is the 2-Bedroom + Den, with four units representing 66.7 percent of available inventory at an average asking rent of $3,638 per month across 825 square feet and a rate of $4.43 per square foot. The standard 2-Bedroom tier accounts for the remaining two units, or 33.3 percent, averaging $3,350 per month on 750 square feet at $4.48 per square foot. Both tiers represent small selections of two or more units, so renters have limited but not single-unit options within each bedroom category.

Five's six active listings span a $850 spread, from a minimum entry rent of $2,950 per month to a peak asking rent of $3,800 per month, a 28.8 percent range. The median asking rent sits at $3,650 per month. The entry-level listing is a 2-Bedroom suite of 650 square feet priced at $4.54 per square foot, while the peak listing is a 2-Bedroom + Den of 850 square feet at $4.47 per square foot, showing that the top of the range commands a larger footprint rather than a materially higher per-square-foot rate.

Five's active den premium and the associated square-footage delta between 2-Bedroom and 2-Bedroom + Den suites cannot be reliably quantified from the current paired sample. Parking stall costs also cannot be isolated with confidence, as the available data contains anomalous outliers or an insufficient number of paired listings to produce a dependable monthly figure. Renters should request a direct parking quote from the leasing office rather than relying on a published premium.

Five's average active asking rent of $3,542 per month exceeds the Downtown Core submarket average asking rent of $3,471 per month by roughly $71, yet the building's asking rate of $4.44 per square foot sits 2.6 percent below the submarket asking benchmark of $4.56 per square foot. The nominal rent premium is explained by suite size: active listings average 800 square feet versus the submarket's typical compact footprint, so renters are paying more in absolute dollars for materially more space at a lower per-square-foot cost. Five's six active units represent 6 out of 224 available listings in the Downtown Core submarket, or approximately 2.7 percent of total active inventory.

Five at 5 St Joseph St realized an average lease rent of $2,882 per month over the trailing year, sitting $28 below the four-building comp benchmark of $2,910 and $49 below the Downtown Core submarket average of $2,931. The three active competitors tell distinct stories: Eleven Residences at 11 St Joseph St (0.04 km, 22 closed leases) averaged $2,765 per month at $3.82 per square foot across 736 square feet, meaning Five commands $117 more per month; Century Plaza at 24 Wellesley St W (0.1 km, 12 closed leases) averaged $2,930 per month at $3.70 per square foot over 804 square feet, placing Five $48 lower on a nominal basis; and The Gloucester on Yonge at 1-3 Gloucester St (0.11 km, 74 closed leases) averaged $3,035 per month at $4.86 per square foot across 636 square feet, with Five trading $153 below that mark. 8 Wellesley at 8 Wellesley St W (0.1 km) recorded zero lease transactions over the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.

Five's all-time leased rate of $4.45 per square foot across an average 652-square-foot suite positions the subject at a premium over two of three active competitors on a per-square-foot basis while offering less interior space, and at a discount to The Gloucester on Yonge on both rate and total rent. Against Eleven Residences ($3.82 per square foot, 736 square feet), Five commands a $0.63-per-square-foot (16.5%) premium yet provides 84 fewer interior square feet, so the $117 monthly rent advantage is driven by a higher rate per unit of space rather than a larger footprint. Against Century Plaza ($3.70 per square foot, 804 square feet), Five carries a $0.75-per-square-foot (20.3%) premium but delivers 152 fewer square feet; the $48 nominal rent discount is entirely a function of the smaller interior footprint, not a lower asset valuation. Against The Gloucester on Yonge ($4.86 per square foot, 636 square feet), Five trades at a $0.41-per-square-foot (8.4%) discount while providing 16 more interior square feet, making it the most space-efficient option in the cluster for renters prioritizing both total rent and usable area.

Five at 5 St Joseph St fields a 15-item amenity suite anchored by an indoor pool, sauna and steam room, and a dedicated pet care room—three lifestyle pillars that distinguish it from the majority of its immediate peer set. Eleven Residences (0.04 km) offers a hot tub and tanning beds but lacks an indoor pool, sauna, steam room, dining room, library, or pet care facility; Century Plaza (0.1 km) matches Five on sauna and library but provides no indoor pool, pet care room, or dining kitchen; and The Gloucester on Yonge (0.11 km) substitutes an outdoor pool and a pet wash station for Five's indoor aquatic facility and enclosed pet care room, while adding a yoga studio and coffee bar that Five does not carry. 8 Wellesley (0.1 km), with zero closed leases in the trailing 180 days, introduces a golf simulator, business centre, and dog run absent from Five's roster. The indoor pool, sauna-and-steam combination, and enclosed pet care room collectively position Five as the wellness-and-pet-forward option in this cluster, best serving professionals and small households who prioritize year-round aquatic recreation, recovery facilities, and on-site pet services over golf simulation or outdoor-only pool access.