First Home Markham Sheppard - Building B — Rental Market Data

First Home Markham Sheppard – Building B has two active listings as of August 31, 2026, both asking $2,300 per month with a median of $2,300 and a zero-dollar spread. The average suite size is 600 square feet at an asking rate of $3.86 per square foot. Both available units are one-bedroom-plus-den layouts, representing 100 percent of current inventory, so the building's active stock leans toward compact entry-level-plus-den configurations rather than multi-bedroom executive suites.

The sole active layout at First Home Markham Sheppard – Building B is the one-bedroom-plus-den, with two units comprising 100 percent of available inventory. Each unit averages $2,300 per month across 600 square feet at $3.86 per square foot, with the smaller 550-square-foot unit priced at $4.18 per square foot and the larger 650-square-foot unit at $3.54 per square foot. No studio, two-bedroom, or three-bedroom tiers are currently listed.

First Home Markham Sheppard – Building B lists both active units at $2,300 per month, producing a zero-dollar and zero-percent asking spread. The entry-level suite is a one-bedroom-plus-den at 550 square feet and $4.18 per square foot, while the peak suite is also a one-bedroom-plus-den at 650 square feet and $3.54 per square foot, meaning the larger unit carries a lower rate per square foot despite the identical monthly rent. The median asking rent of $2,300 sits $97 below the Scarborough East submarket asking average of $2,397.

Active den premiums at First Home Markham Sheppard – Building B cannot be reliably quantified because the paired sample is insufficient to isolate a marginal cost per square foot for the den component. Parking stall costs are likewise unquoted for active listings, as the data reflects an anomalous outlier or insufficient paired sample that does not support a reliable premium figure. Historical lease records do confirm a verified parking add-on of $100 per month, but this figure should not be extrapolated to current active listings without direct confirmation from the leasing office.

First Home Markham Sheppard – Building B asks $2,300 per month at $3.86 per square foot, compared to the Scarborough East submarket asking averages of $2,397 per month and $3.14 per square foot. The building's asking rate per square foot runs 22.9 percent above the submarket benchmark, a premium that is partially offset by the more compact 600-square-foot average footprint versus the larger suites typically transacting in the broader market. The two active listings represent 2 out of 30 available units in the Scarborough East submarket, or roughly 6.7 percent of total active inventory.

First Home Markham Sheppard – Building B realized an average lease rent of $2,250 per month over the trailing year, which is $103 above the four-comp benchmark of $2,147 and $159 below the Scarborough East submarket average of $2,291. Building A at 5155 Sheppard Ave E (0.02 km, 1 closed lease) averaged $2,150 per month at $3.91 per square foot across 550 square feet; Building C at 20 Orchid Place Dr (0.13 km, 1 closed lease) averaged $2,125 per month at $3.27 per square foot across 650 square feet; Markham Place II at 6 Rosebank Dr (0.14 km, 2 closed leases) averaged $2,075 per month at $3.77 per square foot across 550 square feet; and Markham Place I at 8 Rosebank Dr (0.15 km, 2 closed leases) averaged $2,238 per month at $3.23 per square foot across 700 square feet. All four competitors recorded at least one closed lease in the trailing 180-day window, so each provides a realized pricing reference rather than a listing-only data point.

At $2.99 per square foot and an average of 763 square feet, Building B offers the most interior space in this micro-market at a per-square-foot rate that trades at a discount below every active competitor and the $3.55 per square foot comp average. Against Building A (0.02 km), the subject trades at a $0.92 per square foot (23.5%) discount while providing 213 more interior square feet, so the $100-per-month higher nominal rent is entirely a footprint effect rather than a rate premium. Building C (0.13 km) shows a similar pattern: the subject trades at a $0.28 per square foot (8.6%) discount and delivers 113 more square feet, with the $125-per-month rent gap again driven by the larger suite. Markham Place II (0.14 km) presents the widest spread—the subject trades at a $0.78 per square foot (20.7%) discount with 213 additional square feet, and the $175-per-month difference reflects the 2021 construction standard and expanded layout over the 2011 tower. Markham Place I (0.15 km) is the closest rent match at just $12 higher per month, yet the subject still trades at a $0.24 per square foot (7.4%) discount and provides 63 more square feet, confirming that the nominal parity is a size artifact rather than equivalent per-foot pricing.

Building B carries an 11-feature lifestyle package—Concierge & Security, Gym & Fitness Centre, Yoga Studio, Party & Lounge Room, Meeting Room, Dining Room & Kitchen, BBQ Area, Garden & Courtyard, Outdoor Children's Playground, Indoor Kids' Play Room, and Greenhouse—that is the most comprehensive family-oriented suite in this immediate peer set. Building A mirrors the subject's amenity list exactly, while Building C omits the Concierge desk, Yoga Studio, Meeting Room, Dining Room & Kitchen, and Indoor Kids' Play Room. The two Markham Place towers (2010–2011) substitute a Games & Billiards Room and Media & Theatre Room for the subject's Yoga Studio, Outdoor Playground, Indoor Kids' Play Room, Greenhouse, and Dining Room & Kitchen, and neither offers a dedicated children's programming space. This amenity architecture—pairing a full fitness and wellness floor (gym plus yoga) with dual indoor/outdoor children's facilities and a working greenhouse—serves young families and dual-income households who prioritize on-site childcare-adjacent programming, remote-work meeting space, and a low-maintenance lifestyle over the entertainment-room focus of the older Rosebank towers.