500 Queen's Quay West — Rental Market Data

500 Queen's Quay West has two active listings as of August 31, 2026, spanning a price range from $3,600 to $26,800 per month with an average asking rent of $15,200 and a median of $15,200. The two units average 825 square feet and carry a blended asking rate of $18.87 per square foot, though the extreme spread between the two listings means this average is not representative of a typical renter's experience. The inventory is split evenly between a 1-Bedroom (50 percent share) and a 3-Bedroom+ (50 percent share), leaving no 2-Bedroom or den-equipped options available. Given the low data confidence and the presence of a single high-value outlier, renters should treat the blended metrics with caution and focus on the individual listing that matches their layout requirement.

The dominant active layout at 500 Queen's Quay West is the 1-Bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $3,600 per month, 850 square feet, and a rate of $4.24 per square foot. The remaining 50 percent is occupied by a single 3-Bedroom+ unit listed at $26,800 per month for 800 square feet at $33.50 per square foot. Both tiers consist of a single listing each, so neither offers a comparative sample for pricing confidence, and no 2-Bedroom or den-equipped suites are currently available.

500 Queen's Quay West shows an active asking spread of $23,200 per month, from a minimum entry rent of $3,600 to a peak asking rent of $26,800, a 644.4 percent range driven entirely by the two-listing sample. The median asking rent sits at $15,200 per month, which is the arithmetic midpoint between the two units rather than a true market median. The entry-level 1-Bedroom suite offers 850 square feet at $4.24 per square foot, while the peak 3-Bedroom+ listing covers 800 square feet at $33.50 per square foot, reflecting a fundamentally different product tier rather than a simple size premium within the same layout.

Active den premiums and parking stall costs at 500 Queen's Quay West cannot be reliably isolated from the current two-listing sample. The den premium dollar amount, square footage delta, and marginal cost per square foot for additional den space are all unquantified due to insufficient paired data. Parking premium data is similarly inconclusive, as the available sample contains anomalous outliers that prevent a reliable per-stall figure from being extracted, and no verified parking add-on cost can be quoted to renters at this time.

500 Queen's Quay West carries a blended active asking rent of $15,200 per month and an average asking rate of $18.87 per square foot, both figures substantially above the Harbourfront submarket benchmarks of $3,992 per month and $5.52 per square foot respectively. The 241.8 percent premium in rate per square foot versus the submarket asking benchmark is an artefact of the single extreme 3-Bedroom+ listing; the building's 1-Bedroom unit at $4.24 per square foot actually trades below both the submarket asking rate and the submarket realized lease rate of $4.44 per square foot. The building accounts for 2 out of 34 active listings in the Harbourfront submarket, representing roughly 6 percent of available inventory, and renters seeking comparable options should broaden their search across the remaining 32 listings in the area.

500 Queen's Quay West realized an average lease rent of $3,800 per month over the trailing year, which is $1,017 (36.5 percent) above the four-building comp benchmark of $2,783 and well above the Harbourfront submarket average of $3,000. Among active competitors, 550 Queen's Quay West at 550 Queens Quay W (0.14 km, 5 closed leases) averaged $3,136 per month at $3.94 per square foot across 800 square feet, meaning the subject commands $664 more per month. Panorama (Cityplace) at 38 Dan Leie Way (0.20 km, 16 closed leases) averaged $2,608 per month at $4.04 per square foot over 656 square feet, placing the subject $1,192 higher in nominal rent. Queen's Harbour at 600 Queens Quay W (0.23 km, 7 closed leases) averaged $2,604 per month at $4.57 per square foot across 607 square feet, with the subject again $1,196 higher. King's Landing at 460-480 Queens Quay W (0.09 km) recorded zero closed leases in the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.

At $3.23 per square foot and an average suite size of 1,167 square feet, 500 Queen's Quay West offers a lower per-square-foot rate than every active competitor while delivering the largest interior footprint in the immediate pocket. Against 550 Queen's Quay West ($3.94 per square foot, 800 sq ft), the subject trades at a $0.71 per square foot (18 percent) discount and provides 367 more interior square feet; the higher nominal rent of $664 per month is driven entirely by the larger footprint rather than a premium valuation. Versus Panorama (Cityplace) ($4.04 per square foot, 656 sq ft), the subject offers a $0.81 per square foot (20 percent) discount with 511 additional square feet, again making the $1,192 rent differential a space equation. Queen's Harbour ($4.57 per square foot, 607 sq ft) presents the widest spread: the subject trades at a $1.34 per square foot (29.3 percent) discount while providing 560 more square feet, so the $1,196 higher monthly rent reflects nearly double the interior area at a materially lower unit rate. In every active comparison, the subject's higher absolute rent is a direct consequence of its larger suite size, not a per-square-foot premium.

500 Queen's Quay West provides an eight-item amenity package—concierge and security, gym and fitness centre, hot tub and jacuzzi, sauna and steam room, party and lounge room, meeting room, BBQ area, and garden and courtyard—that covers core wellness and social needs but stops short of the expanded lifestyle suites offered by its peers. King's Landing adds an indoor pool, tennis and pickleball court, rooftop terrace, games and billiards room, car wash bay, and golf driving range; 550 Queen's Quay West layers in a dining room and kitchen, rooftop terrace, tennis and pickleball court, and a record room; Panorama (Cityplace) extends further with a shared laundry room, media and theatre room, games and billiards room, business centre, dedicated pets area, and fireplace lounge; Queen's Harbour contributes a yoga studio, games and billiards room, library and reading room, dining room and kitchen, and rooftop terrace. The subject's garden and courtyard is the one signature feature absent from all four competitors, offering an outdoor communal space that the indoor-heavy amenity stacks of its neighbours do not match. This package best serves cost-conscious professionals and small households who value a private outdoor gathering area, a functional gym, and a meeting room for remote work over the pool-and-court or business-centre ecosystems that define the larger, more amenity-dense towers nearby.