Promenade Park Towers - Building B — Rental Market Data

Promenade Park Towers – Building B holds two active listings as of August 31, 2026, spanning a price range of $2,150 to $2,500 per month with an average asking rent of $2,325 and a median of $2,325. The two suites average 550 square feet at a combined asking rate of $4.47 per square foot. Inventory is split evenly between a 400-square-foot one-bedroom and a 700-square-foot one-bedroom-plus-den, placing the current availability squarely in the compact entry-level to mid-size one-bedroom segment rather than multi-bedroom executive layouts.

The dominant active layout at Promenade Park Towers – Building B is the one-bedroom, with one unit representing 50 percent of available inventory at an average asking rent of $2,150 per month, 400 square feet, and $5.38 per square foot. The one-bedroom-plus-den tier also holds one unit (50 percent share) at $2,500 per month across 700 square feet, pricing out to $3.57 per square foot. Both tiers are single-listing samples, so neither offers a comparative depth of choice for renters seeking multiple options within the same bedroom category.

Promenade Park Towers – Building B presents an active asking spread of $350 per month (16.3 percent), ranging from a $2,150 entry point to a $2,500 peak. The median asking rent sits at $2,325 per month, anchoring the midpoint of the two available suites. The entry-level suite is a 400-square-foot one-bedroom at $5.38 per square foot, while the peak offering is a 700-square-foot one-bedroom-plus-den at $3.57 per square foot, illustrating that the higher rent reflects substantially more living area rather than a premium per unit of space.

Promenade Park Towers – Building B carries a verified active den premium of $350 per month for an additional 300 square feet of den space, equating to a marginal cost of $1.17 per square foot for the extra area. Active parking is confirmed at $350 per month per stall, providing renters with a clear add-on cost. Historical lease data does not contain sufficient paired parking records to establish a separate benchmark, so the $350 active figure stands as the sole verified reference point.

Promenade Park Towers – Building B asks an average of $2,325 per month at $4.47 per square foot, compared to the Thornhill submarket asking benchmark of $2,726 per month at $3.66 per square foot. The building's nominal rent is approximately 14.7 percent below the submarket average, yet its per-square-foot rate runs 22.1 percent higher—a divergence driven entirely by the compact 550-square-foot average suite size in active inventory versus the larger footprints typical of submarket listings. Promenade Park Towers – Building B accounts for two of the 63 active listings currently tracked across the Thornhill submarket, representing roughly 3.2 percent of total available inventory.

Promenade Park Towers – Building B's average closed-lease rent of $2,440 per month sits $268 below the four-comp average of $2,708, driven largely by the higher rents at Royal Promenade I and Promenade Park II. Promenade Park II at 88 Promenade Circ (0.2 km) closed leases averaging $2,725 per month at $3.17 per square foot on 867 square feet of space. Promenade Park at 100 Promenade Cir (0.21 km) recorded an average lease of $2,550 per month at $3.35 per square foot on 762 square feet. Promenade Park Towers – Building A at 30 Upper Mall Way (0.23 km) leased at $2,482 per month, $3.45 per square foot, on 723 square feet. Royal Promenade I at 120 Promenade Circ (0.25 km) posted the highest average rent in the set at $3,076 per month, $2.78 per square foot, on 1,110 square feet. The subject's $2,440 figure is thus competitive in absolute dollar terms while carrying a materially higher per-square-foot rate than every one of these four towers.

Promenade Park Towers – Building B leases at $3.98 per square foot on an average 638-square-foot suite, a rate that exceeds every nearby comparable by 15 to 43 percent per square foot while offering the smallest interior footprint in the set. Against Promenade Park II (867 sq ft at $3.17/sq ft), the subject provides 229 fewer square feet at a $0.81-per-square-foot premium. Versus Promenade Park (762 sq ft at $3.35/sq ft), the trade-off is 124 fewer square feet for a $0.63-per-square-foot higher rate. Compared with its sister tower Building A (723 sq ft at $3.45/sq ft), the subject is 85 square feet smaller yet still commands a $0.53-per-square-foot premium. Royal Promenade I offers the most space at 1,110 square feet for just $2.78 per square foot, making it the clear value pick on a pure cost-per-square-foot basis, though its 1990 build and amenity set lag the 2025 towers. Renters choosing Building B are paying for a newer construction standard, a broader lifestyle amenity package, and Liberty Development's management, accepting a smaller suite in exchange for that quality-of-life uplift.

Promenade Park Towers – Building B delivers a 2025-era lifestyle package that outpaces three of its four nearest competitors on pet-friendly infrastructure, indoor children's programming, and business-oriented facilities. The subject's dedicated Pet Wash Station and Dog Run are absent from Promenade Park II, Promenade Park, and Royal Promenade I—three towers that offer no structured pet-care services beyond a basic garden. The indoor Kids' Play Room at Building B has no direct equivalent at any of the four comparables, giving families a weather-proof option that the outdoor-only playgrounds at the older towers cannot match. The Business Centre and Meeting Room combination at the subject exceeds the basic co-working setups (or lack thereof) at Promenade Park II, Promenade Park, and Royal Promenade I, catering to remote professionals who need a professional-grade workspace steps from their unit. The Golf Simulator, while shared with sister tower Building A, is entirely missing from the three older properties. Together, these five signature features—pet wash and dog run, indoor kids' play room, business centre with meeting room, and golf simulator—position Building B as the strongest fit for young professional couples and small families who want a full-service, pet-friendly, work-from-home-ready residence without sacrificing access to Vaughan's Thornhill core.