Cypress at Etobicoke — Rental Market Data

Cypress at Etobicoke carries seven active listings as of August 31, 2026, with asking rents ranging from $1,480 to $3,100 per month, an average of $2,461 and a median of $2,499. The average suite in the current pool measures 800 square feet at an asking rate of $3.16 per square foot. Inventory leans heavily toward compact entry-level and den configurations, with 1-Bedroom + Den units comprising 71.4 percent of available space, while multi-bedroom executive layouts are limited to a single 2-Bedroom listing.

The dominant active layout at Cypress at Etobicoke is the 1-Bedroom + Den, with five units representing 71.4 percent of the current inventory at an average asking rent of $2,530 per month across 730 square feet and $3.52 per square foot. A single 1-Bedroom unit is listed at $1,480 per month for 850 square feet at $1.74 per square foot, and one 2-Bedroom suite asks $3,100 per month for 1,100 square feet at $2.82 per square foot. Both the 1-Bedroom and 2-Bedroom tiers are single-listing categories, so renters in those configurations face limited choice.

Cypress at Etobicoke spans a $1,620 monthly spread from a minimum entry rent of $1,480 to a peak asking rent of $3,100, a 109.5 percent range across its seven active listings. The median asking rent sits at $2,499 per month. The entry-level suite is a 1-Bedroom at 850 square feet priced at $1.74 per square foot, while the peak offering is a 2-Bedroom at 1,100 square feet asking $2.82 per square foot.

Cypress at Etobicoke carries an active den premium of $1,050 per month, though the associated square-footage delta of minus 120 square feet and the marginal cost per additional square foot of den space remain unquantified due to insufficient paired comparisons. Parking stall premiums cannot be reliably isolated from current listings, as the data reflects anomalous outliers or an insufficient paired sample, and no verified parking fee benchmark exists in the historical lease record either.

Cypress at Etobicoke asks an average of $2,461 per month at $3.16 per square foot, compared to the Etobicoke Centre submarket asking benchmark of $2,597 per month and $3.65 per square foot. The building's nominal asking rent is $136 per month below the submarket average, but the 13.4 percent lower rate per square foot confirms that the savings are driven by more competitive unit pricing rather than merely smaller suite footprints. The property accounts for seven of the 64 active listings in the Etobicoke Centre submarket, roughly 10.9 percent of total available inventory.

Cypress at Etobicoke's all-time average closed-lease rent of $2,563 per month runs $104 above the four-comp average of $2,459, positioning it in the upper half of this micro-market while still below the two older, larger-footprint buildings. One – The Kip District at 20 Thomas Riley Rd closed leases averaging $2,320 per month at $3.61 per square foot across 646-square-foot suites, representing a $243 (10.5%) discount to the subject's realized rent. The Kip District 2 at 30 Samuel Wood Way leased at an average of $2,244 per month, $4.08 per square foot, and 570 square feet—a $319 (14.2%) spread below the subject. King's Gate at 101 Subway Cres posted the highest comp rent at $2,608 per month ($3.38 per square foot, 820 square feet), just $45 above the subject, while Nuvo Essex at 35 Viking Lane closed at $2,664 per month ($3.31 per square foot, 808 square feet), $101 higher. The pattern is clear: the subject commands a premium over the two Kip District towers on absolute rent but a discount on rate per square foot, while the older King's Gate and Nuvo Essex trade at similar or slightly higher total rents for comparable or larger suites.

Cypress at Etobicoke leases at $3.32 per square foot for an average 790-square-foot suite, a rate that sits below the $3.60 four-comp average and the $3.65 submarket benchmark, delivering a value advantage on a per-foot basis despite a mid-pack absolute rent. Against One – The Kip District ($3.61 per square foot, 646 sq ft) and The Kip District 2 ($4.08 per square foot, 570 sq ft), the subject offers 144 and 220 additional square feet respectively at a lower rate per square foot—$0.29 and $0.76 cheaper per foot—meaning renters gain meaningful interior space without paying a per-foot premium. Versus King's Gate ($3.38 per square foot, 820 sq ft) the subject trades at a $0.06-per-foot discount for 30 fewer square feet, and against Nuvo Essex ($3.31 per square foot, 808 sq ft) the subject carries a marginal $0.01-per-foot premium for 18 fewer square feet. In practical terms, a renter choosing Cypress over either Kip District tower gets a suite roughly 20 to 35 percent larger at a lower per-foot cost, while the trade-off against the two older buildings is a modest reduction in square footage offset by a 2023 build, updated finishes, and a family-oriented amenity deck.

Cypress at Etobicoke differentiates its lifestyle package around family programming and active wellness, offering an indoor Kids' Play Room, a dedicated Yoga Studio, a Rooftop Terrace, a BBQ Area, and a Gym & Fitness Centre—a combination that no single competitor replicates in full. The indoor Kids' Play Room is unique to the subject among all four comparables; neither One – The Kip District (which instead offers a Pet Wash Station and EV Charging), The Kip District 2 (which features a Golf Simulator and Car Wash Bay), King's Gate (which provides an Indoor Pool and Hot Tub), nor Nuvo Essex (which includes an Indoor Pool, Business Centre, and Library) includes a dedicated children's play space. The Yoga Studio at the subject is absent from One – The Kip District, King's Gate, and Nuvo Essex, with only The Kip District 2 sharing that feature. The Rooftop Terrace distinguishes the subject from King's Gate, which relies on a Garden & Courtyard for outdoor space, while the subject's 2023 construction gives it a generational edge over the 1992-built King's Gate and 2007-built Nuvo Essex in finishes, unit layouts, and building systems. This amenity profile is purpose-built for young professional families and active dual-income households who want on-site childcare-friendly programming, daily movement options, and social outdoor space without sacrificing modern suite design.