Thornhill City Centre II — Rental Market Data

Thornhill City Centre II has two active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,700 per month, an average of $2,500, and a median of $2,500. The average suite size is 650 square feet at an asking rate of $3.89 per square foot. Inventory is evenly split between a one-bedroom and a one-bedroom-plus-den, meaning the building currently offers no two-bedroom or larger executive layouts and no sub-550-square-foot studio options.

The dominant active layout at Thornhill City Centre II is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $2,300 per month across 550 square feet at $4.18 per square foot. The one-bedroom-plus-den tier also holds one listing at 50 percent share, asking $2,700 per month for 750 square feet at $3.60 per square foot. Both tiers are single-listing samples, so neither layout offers a comparative spread for renters to benchmark within the building.

Thornhill City Centre II shows a minimum entry rent of $2,300 per month and a peak asking rent of $2,700 per month, producing a $400 spread or 17.4 percent range across its two active listings. The median asking rent is $2,500 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.18 per square foot, while the peak suite is a one-bedroom-plus-den at 750 square feet priced at $3.60 per square foot, illustrating that the larger den layout carries a lower per-square-foot rate despite the higher nominal rent.

Thornhill City Centre II carries an active den premium of $400 per month for an additional 200 square feet of space, equating to a marginal cost of $2.00 per square foot for the den addition. Active parking stall premiums cannot be reliably isolated due to insufficient paired data or anomalous outliers in the sample, so no verified monthly parking fee can be quoted for current listings.

Thornhill City Centre II's active asking rate of $3.89 per square foot sits 6.3 percent above the Thornhill submarket asking benchmark of $3.66 per square foot, while the building's average asking rent of $2,500 per month is $226 below the submarket average of $2,726. The lower nominal rent reflects the building's 650-square-foot average suite size, which is 95 square feet smaller than the submarket implied average of 745 square feet, so the per-square-foot premium is the more accurate comparison metric. Thornhill City Centre II accounts for two out of 63 available listings in the Thornhill submarket, representing roughly 3.2 percent of total active inventory.

Thornhill City Centre II's average realized lease rent of $2,333 per month sits $205 below the four-comp benchmark of $2,538, with the primary gap driven by the three 2014 Fountains towers that all priced above the subject. The Fountains - 1 at 75 North Park Rd (0.03 km, 6 closed leases) averaged $2,625 per month at $3.93 per square foot across 691 square feet; The Fountains - 2H at 85 North Park Rd (0.05 km, 8 closed leases) averaged $2,578 per month at $3.67 per square foot across 713 square feet; The Fountains - 2K at 95 North Park Rd (0.07 km, 2 closed leases) averaged $2,675 per month at $3.90 per square foot across 690 square feet; and Thornhill City Centre I at 60 Disera Dr (0.07 km, 2 closed leases) averaged $2,275 per month at $3.26 per square foot across 700 square feet. All four comparables recorded closed lease transactions over the trailing 180 days, so each provides a realized rent benchmark rather than a speculative asking figure.

Thornhill City Centre II leases at $3.37 per square foot across an average 700-square-foot suite, trading at a discount below all three 2014 Fountains towers while commanding a modest premium over its 2006-era sister building Thornhill City Centre I. Against The Fountains - 1, the subject trades at a $0.56 per square foot (14.2%) discount yet provides 9 more interior square feet, meaning the $292-per-month lower nominal rent is partly a function of the larger footprint priced at a cheaper rate rather than a pure asset-valuation gap. The Fountains - 2H presents a tighter spread: the subject trades at a $0.30 per square foot (8.2%) discount while providing 13 fewer interior square feet, so the $245-per-month lower rent reflects both a smaller suite and a lower per-square-foot rate. The Fountains - 2K shows the widest gap at $0.53 per square foot (13.6%) below the comp, with the subject offering 10 more square feet, reinforcing that the $342-per-month differential is amplified by the newer tower's premium pricing per unit of space. Thornhill City Centre I, the only comp where the subject commands a higher rate, shows a $0.11 per square foot (3.4%) premium with identical 700-square-foot footprints, confirming that the subject's value edge over the 2014 cohort is structural and age-driven rather than a space deficiency.

Thornhill City Centre II differentiates itself in this pocket with a 12-item amenity suite that includes a Tennis & Pickleball Court, a Squash & Racquetball Court, and a Solarium—three lifestyle features absent from every one of the four nearby comparables. The Fountains - 1 (75 North Park Rd) offers a Media & Theatre Room the subject lacks but omits the subject's racquet sports courts, hot tub, rooftop terrace, and solarium; The Fountains - 2H (85 North Park Rd) adds a Yoga Studio and Media & Theatre Room but similarly has no tennis, pickleball, squash, or solarium; The Fountains - 2K (95 North Park Rd) includes a BBQ Area and Rooftop Terrace yet still lacks the subject's dedicated racquet-sport facilities and solarium; and Thornhill City Centre I (60 Disera Dr), the closest architectural match, provides no meeting room, no tennis or pickleball court, no squash court, and no solarium. The subject's aquatic and wellness package (indoor pool, hot tub, sauna/steam) is broadly matched across the peer set, so the true lifestyle differentiator is the on-site racquet-sport and solarium offering, positioning the building for active, multi-sport-oriented professionals and families who want resort-style recreation without leaving the property.