Gibson Square - South Tower — Rental Market Data

Gibson Square – South Tower has four active rental listings as of August 31, 2026, with asking rents ranging from $2,495 to $3,400 per month, an average of $2,886 and a median of $2,825. The average listed suite measures 719 square feet at an asking rate of $4.06 per square foot. Inventory is evenly split between one-bedroom and two-bedroom layouts, with no den or three-bedroom units currently on the market, placing the active mix squarely in the compact entry-level to mid-size two-bedroom bracket.

The dominant active layout at Gibson Square – South Tower is the one-bedroom tier, with two listings representing 50 percent of available inventory at an average asking rent of $2,523 per month across 588 square feet and a rate of $4.29 per square foot. The two-bedroom tier mirrors that share with two listings at an average of $3,250 per month over 850 square feet, translating to $3.82 per square foot. Both tiers carry small-sample designations, meaning renters are choosing from a limited set of options rather than a deep inventory pool.

Gibson Square – South Tower's active asking rents span $2,495 to $3,400 per month, a dollar spread of $905 or 36.3 percent, with a median asking rent of $2,825. The entry-level suite is a one-bedroom at 588 square feet priced at $4.24 per square foot, while the peak listing is a two-bedroom at 850 square feet asking $3,400 per month at $4.00 per square foot. The wider two-bedroom footprint drives the higher absolute rent despite the lower per-square-foot rate.

Active den premiums and square-footage deltas at Gibson Square – South Tower cannot be quantified due to insufficient paired samples in the current listing pool. Parking premium data for active listings is similarly inconclusive, as the available sample contains anomalous outliers that prevent a reliable per-stall figure from being isolated. For reference, verified historical lease data shows a parking add-on of $204 per month, though this figure reflects closed transactions rather than current active asking terms.

Gibson Square – South Tower's active asking average of $2,886 per month and $4.06 per square foot exceeds the North York City Centre submarket asking benchmarks of $2,753 per month and $3.84 per square foot. The 5.7 percent per-square-foot premium over the submarket asking rate is partly offset by the tower's more compact 719-square-foot average suite compared to the broader market, meaning the higher rate per square foot does not translate into a proportionally higher monthly bill. The building represents four out of 216 active listings in the submarket, a 1.8 percent share of total available inventory.

Gibson Square – South Tower's one-year average realized lease rent of $2,902 per month sits $153 above the four-comp benchmark of $2,749, with the spread driven primarily by its larger average suite footprint rather than a per-square-foot premium. Gibson Square – North Tower (5168 Yonge Street, 0.01 km, 18 closed leases) averaged $2,856 per month at $3.81 per square foot across 768 square feet, placing the subject $46 higher in nominal rent. Beacon (5180 Yonge Street, 0.1 km, 29 closed leases) averaged $2,516 per month at $4.22 per square foot across 623 square feet, meaning the subject commands $386 more in total monthly rent. Royal Pinnacle (33 Empress Avenue, 0.12 km, 14 closed leases) averaged $2,882 per month at $3.36 per square foot across 881 square feet, with the subject $20 higher. The Majestic I (28 Empress Avenue, 0.16 km, 7 closed leases) averaged $2,743 per month at $3.56 per square foot across 779 square feet, placing the subject $159 above. All four competitors recorded active lease transactions, so each provides a realized pricing benchmark rather than a zero-volume reference.

Gibson Square – South Tower leases at $3.75 per square foot across an average 802 square feet, a combination that trades at a discount below both North Tower and Beacon on a rate-per-foot basis while commanding a premium over the two 2000-era Empress Avenue buildings. Against Gibson Square – North Tower, the subject offers a $0.06 per square foot (1.6%) discount while providing 34 more interior square feet, so the $46 higher nominal rent is entirely a function of the larger footprint rather than a per-unit valuation premium. Beacon presents the sharpest trade-off: the subject trades at a $0.47 per square foot (11.1%) discount yet delivers 179 more square feet, meaning the $386 higher total rent reflects a substantially bigger suite at a meaningfully lower rate. Royal Pinnacle inverts the dynamic—the subject commands a $0.39 per square foot (11.6%) premium while providing 79 fewer interior square feet, so renters pay more per unit of space for a smaller footprint. The Majestic I shows the subject at a $0.19 per square foot (5.3%) premium with 23 additional square feet, a modest dual premium that still keeps total monthly rent within $159 of the comp.

Gibson Square – South Tower fields a 13-feature lifestyle package that is the most comprehensive in its immediate peer set, outpacing all four nearby competitors on breadth of common facilities. The subject's Indoor Pool, Hot Tub & Jacuzzi, and Garden & Courtyard are each absent from at least one named competitor: the pool is missing from Royal Pinnacle and The Majestic I, the hot tub is absent from North Tower and Beacon, and the garden/courtyard space does not appear in any of the four comparables. Beacon differentiates with a BBQ Area that the subject lacks, while The Majestic I offers a Library & Reading Room and Pet Wash Station not found at 5162 Yonge Street. Royal Pinnacle, despite its 2000 build date, carries no indoor pool, media room, dining room, or rooftop terrace—features all present at the subject. This aquatic-and-wellness-heavy package, anchored by the pool, jacuzzi, sauna/steam suite, and outdoor garden, best serves young professionals and couples in the North York City Centre who prioritize resort-style recreation and social hosting space over compact, amenity-light alternatives.