Local at Fort York — Rental Market Data

Local at Fort York has three active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,700 per month, an average of $2,500 per month, and a median of $2,600 per month. The average suite size across these listings is 567 square feet at an asking rate of $4.55 per square foot. Two of the three units (66.7 percent) are one-bedroom-plus-den layouts at 650 square feet, while the remaining listing is a compact 400-square-foot one-bedroom, meaning current inventory leans toward mid-size den configurations rather than true entry-level or multi-bedroom executive formats.

The dominant active layout at Local at Fort York is the one-bedroom-plus-den, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,650 per month across 650 square feet and a rate of $4.08 per square foot. The single remaining listing is a one-bedroom at 400 square feet, asking $2,200 per month at $5.50 per square foot, which constitutes 33.3 percent of active inventory. No two-bedroom or larger configurations are currently listed.

Local at Fort York's active asking rents span from a minimum of $2,200 per month to a peak of $2,700 per month, a dollar spread of $500 and a percentage spread of 22.7 percent. The median asking rent sits at $2,600 per month. The entry-level suite is a 400-square-foot one-bedroom at $5.50 per square foot, while the peak listing is a 650-square-foot one-bedroom-plus-den at $4.15 per square foot, illustrating that the higher-priced unit commands a larger footprint at a lower per-area rate.

At Local at Fort York, the active den premium is $450 per month for an additional 250 square feet of space, equating to a marginal cost of $1.80 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated due to an insufficient paired sample or anomalous outlier in the current listing data; renters should request parking pricing directly from the leasing office rather than relying on a quoted figure.

Local at Fort York's active asking average of $2,500 per month at $4.55 per square foot compares to the CityPlace / Fort York submarket asking benchmark of $3,101 per month at $4.58 per square foot, placing the building 0.7 percent below the submarket rate on a per-area basis. The nominal rent gap of $601 per month is explained by suite size: Local at Fort York's average active listing is 567 square feet, and the submarket's higher average rent reflects larger or more premium configurations. The building currently holds three out of 148 available listings in the submarket, a 2.0 percent share of total active inventory.

Local at Fort York's average realized lease rent of $2,375 per month sits $167 below the four-comp benchmark of $2,542, with the primary gap driven by the building's smaller average suite footprint of 579 square feet versus the comp mean of 629. York Harbour Club at 35 Bastion St/38 Grand Magazine St (0.05 km, 11 closed leases) averaged $2,735 per month at $4.27 per square foot across 655-square-foot suites, placing the subject $360 lower on nominal rent. The York Harbour Club at 187 Fort York Boulevard W (0.07 km, 1 closed lease) recorded $2,350 per month at $3.62 per square foot over 650 square feet, a single-transaction reference point where the subject's rent runs $25 higher. Fortune at Fort York at 38 Iannuzzi St (0.09 km, 28 closed leases) averaged $2,503 per month at $4.64 per square foot across 551-square-foot units, with the subject trading $128 lower despite offering 28 more square feet. The Yards at Fort York at 20 Bruyeres Mews (0.12 km, 19 closed leases) posted $2,579 per month at $3.93 per square foot over 661 square feet, leaving the subject $204 below on headline rent.

Local at Fort York leases at $4.12 per square foot across an average 579-square-foot suite, a rate that matches the four-comp blended benchmark exactly while delivering roughly 50 fewer square feet than the peer mean. Against York Harbour Club (0.05 km), the subject trades at a $0.15 per square foot discount and provides 76 fewer interior square feet, so the $360 lower monthly rent is a function of both the smaller footprint and the competitive per-foot rate. Versus The York Harbour Club (0.07 km), the subject commands a $0.50 per square foot premium yet still delivers 71 fewer square feet, meaning the $25 higher nominal rent is entirely rate-driven rather than space-driven. Fortune at Fort York (0.09 km) presents the sharpest trade-off: the subject trades at a $0.52 per square foot discount while providing 28 more interior square feet, so renters gain space and pay less per foot yet still land $128 below on total rent. The Yards at Fort York (0.12 km) shows the subject commanding a $0.19 per square foot premium over 82 fewer square feet, where the $204 lower headline rent is purely a footprint effect masking a higher per-foot valuation.

Local at Fort York offers an 11-item amenity suite anchored by a car wash bay, gym, rooftop terrace, dining room with kitchen, and garden courtyard, but it provides no aquatic, thermal, or dedicated wellness facilities—a meaningful gap against every nearby competitor. York Harbour Club (0.05 km) adds an outdoor pool, hot tub, sauna, yoga studio, and pet wash station that the subject lacks entirely; Fortune at Fort York (0.09 km) layers on an indoor pool, cold plunge, spin studio, golf simulator, putting green, bocce court, café lounge, and dog run, none of which appear in the subject's package. The Yards at Fort York (0.12 km) contributes a business centre, library, and interactive 3D social room absent from 50 Bruyeres Mews. The subject's car wash bay is a genuinely unique offering not replicated by any of the four peers, and its dining room with kitchen plus games and billiards room create a casual social core. This no-frills, maintenance-light profile—trading pools, saunas, and wellness studios for a practical car wash and straightforward communal spaces—serves cost-conscious young professionals and small households who prioritize a lower monthly outlay and minimal amenity fees over resort-style lifestyle programming.