Beacon — Rental Market Data

Beacon at 5180 Yonge Street carries six active listings as of August 31, 2026, with asking rents ranging from $2,250 to $3,000 per month, an average of $2,625 per month, and a median of $2,600 per month. The average suite in current inventory measures 564 square feet at an asking rate of $4.80 per square foot, and the two-bedroom layout dominates at 50 percent of available units. Inventory leans toward multi-bedroom executive layouts rather than compact entry-level suites, with only two one-bedroom options and a single den configuration on the market.

The two-bedroom layout is the dominant active configuration at Beacon, accounting for three of six listings or 50 percent of inventory at an average asking rent of $2,933 per month across 683 square feet at $4.31 per square foot. One-bedroom units hold two listings at 33.3 percent share, averaging $2,275 per month for 400 square feet at $5.69 per square foot, while a single one-bedroom plus den listing represents 16.7 percent of inventory at $2,400 per month for 531 square feet at $4.52 per square foot.

Beacon's active availability spans a $750 monthly spread from a minimum entry rent of $2,250 to a peak asking rent of $3,000, representing a 33.3 percent range. The median asking rent sits at $2,600 per month, anchoring the middle of the distribution. The entry-level suite is a 400-square-foot one-bedroom at $5.63 per square foot, while the peak offering is a 750-square-foot two-bedroom at $4.00 per square foot, illustrating that the highest-priced unit delivers substantially more space at a lower unit rate.

Beacon's active den premium is $125 per month for an additional 131 square feet of space, equating to a marginal cost of $0.95 per square foot for the extra den area. Active parking premium data cannot be reliably isolated from current listings due to insufficient paired samples, so no definitive monthly parking add-on can be quoted from the active inventory. Historical lease records do establish a verified parking benchmark of $165 per month, which serves as a reasonable reference point for budgeting purposes.

Beacon's average asking rent of $2,625 per month sits below the North York City Centre submarket asking benchmark of $2,753 per month, yet the building's $4.80 per square foot rate exceeds the submarket's $3.84 per square foot by 25 percent. This nominal rent advantage is driven by Beacon's more compact average suite size of 564 square feet rather than a cheaper unit pricing structure, as the per-square-foot cost is meaningfully higher than the area average. The building's six active listings represent approximately 2.8 percent of the submarket's total 216 active listings, positioning Beacon as a small but present share of available inventory in North York City Centre.

Beacon's all-time average closed-lease rent of $2,544 per month runs $207 below the four-comparable average of $2,751, positioning it as the more affordable option against three of four nearby towers. Gibson Square – North Tower at 5168 Yonge St leases at $2,856 per month ($3.81 per square foot, 768 sq ft), Gibson Square – South Tower at 5162 Yonge St at $2,909 per month ($3.74 per square foot, 803 sq ft), and The Majestic II at 18 Parkview Ave at $2,967 per month ($3.10 per square foot, 967 sq ft). Ellie Condos at 15 Ellerslie Ave is the outlier on the low end, averaging $2,273 per month ($4.40 per square foot, 532 sq ft), which is $271 less than Beacon's realized rent despite commanding a higher per-square-foot rate on a significantly smaller suite.

Beacon's leased rate of $4.10 per square foot on an average 636-square-foot suite sits above the submarket benchmark of $3.75 per square foot, yet it delivers more interior space than Ellie Condos at a lower per-square-foot cost. Against Gibson Square – North Tower, Beacon trades at a $0.29 per square foot premium (7.6 % higher) while providing 132 fewer square feet; against the South Tower the premium widens to $0.36 per square foot (9.6 %) with 167 fewer square feet. The steepest per-square-foot gap is versus The Majestic II, where Beacon commands a $1.00 per square foot premium (32.3 %) but gives up 331 square feet of interior area. The one comp where Beacon is the value play is Ellie Condos: at $4.10 per square foot versus Ellie's $4.40, Beacon is $0.30 cheaper per square foot and offers 104 more square feet, making it the smarter buy for renters who want a larger footprint without paying a new-build premium.

Beacon's amenity suite at 5180 Yonge St is broader than three of its four nearby competitors, particularly in wellness and social-living features. The building's indoor pool is absent from Ellie Condos, which offers no aquatic facility at all. Its dedicated yoga studio is missing from both The Majestic II and Ellie Condos, leaving those tenants with only a standard gym. Beacon's outdoor BBQ area is not found at either Gibson Square tower, which instead rely on a dining room and kitchen or a garden courtyard for social gatherings. A purpose-built meeting room is unavailable at Gibson Square – North Tower, and the rooftop terrace that Beacon offers is entirely absent from The Majestic II. Together, these five differentiators—indoor pool, yoga studio, BBQ area, meeting room, and rooftop terrace—position Beacon as the strongest fit for young professionals in their late twenties to mid-thirties who want a full-service urban lifestyle with on-site wellness, social space, and flexible work areas without stepping outside the Yonge Street corridor.