Station Place — Rental Market Data

Station Place records an average lease rent of $3,224 per month, trading above the overall competitive micro-market average of $2,604 per month due to its larger average suite footprint of 1,100 square feet compared to the comp average of 800 square feet. Direct nearby competitors include Essex II at 5233 Dundas St W, which averages $2,477 per month at $2.97 per square foot across an average of 841 square feet; Nuvo Essex at 35 Viking Lane, which averages $2,664 per month at $3.31 per square foot across an average of 808 square feet; Nuvo 2 at Essex at 25 Viking Lane, which averages $2,775 per month at $3.28 per square foot across an average of 852 square feet; and Essex I at 5229 Dundas St W, which averages $2,500 per month at $3.57 per square foot across a compact average of 700 square feet.

Station Place establishes its value position by trading at a competitive rate of $2.93 per square foot for an average suite size of 1,100 square feet, undercutting the wider submarket lease benchmark of $3.64 per square foot. Renters evaluating Station Place against nearby alternatives benefit from significant structural trade-offs, enjoying newer 2021 construction finishes and considerably larger floor plans. Specifically, Station Place provides 259 more square feet than Essex II while trading at a lower rate per square foot, 292 more square feet than Nuvo Essex at a lower rate per square foot, 248 more square feet than Nuvo 2 at Essex at a lower rate per square foot, and 400 more square feet than Essex I while achieving a substantial $0.64 per square foot (17.9%) discount relative to that building's $3.57 per square foot average.

Station Place delivers an elevated, modern lifestyle and amenity profile that surpasses its mid-2000s neighbours through a curated suite of contemporary wellness and recreational spaces. The building features signature amenities including a dedicated Gym & Fitness Centre, a calming Yoga Studio, an Outdoor Pool, a Pet Wash Station, and an on-site Dog Run. When contrasted against older area alternatives like Essex II, Nuvo Essex, Nuvo 2 at Essex, and Essex I—which typically rely on indoor pools, hot tubs, golf simulators, and traditional club rooms—Station Place pivots toward modern urban pet care and wellness trends. This tailored amenity package particularly serves contemporary professionals, pet owners, and households seeking modern 2021 construction standards within Etobicoke Centre.