Royal Vista — Rental Market Data

Royal Vista carries two active listings as of August 31, 2026, both asking $3,650 per month with an average and median rent of $3,650. The average suite spans 1,287 square feet at $2.84 per square foot, and the entire active inventory consists of two-bedroom-plus-den layouts, accounting for 100 percent of available units. This stock leans firmly toward multi-bedroom executive configurations rather than compact entry-level suites.

The sole active layout at Royal Vista is the two-bedroom-plus-den, with two units representing 100 percent of current inventory. Both suites average $3,650 per month on 1,287 square feet at $2.84 per square foot, forming a small but consistent selection within a single bedroom tier. No one-bedroom, studio, or three-bedroom units are currently available for rent at this building.

Royal Vista's two active listings both ask $3,650 per month, producing a dollar spread of zero and a percentage spread of zero percent. The entry-level suite is a two-bedroom-plus-den at 1,273 square feet priced at $2.87 per square foot, while the peak asking unit is a two-bedroom-plus-den at 1,300 square feet priced at $2.81 per square foot. The median asking rent across both units holds at $3,650 per month.

Den premium figures for Royal Vista cannot be quantified from the current active sample, as no paired den-versus-no-den comparison exists in the two available listings. Parking stall costs likewise cannot be reliably isolated; the data set flags the premium as an anomalous outlier or insufficient paired sample, so no specific monthly parking fee can be quoted with confidence.

Royal Vista asks $3,650 per month at $2.84 per square foot, compared to the Burlington North submarket average asking rent of $2,385 per month and $3.57 per square foot. The building's nominal rent runs 53 percent above the submarket average, but that gap is entirely explained by suite size: active units average 1,287 square feet versus a submarket implied average of 668 square feet, a delta of 619 square feet. On a rate-per-square-foot basis, Royal Vista actually trades 20.4 percent below the submarket asking benchmark, and its two active listings represent roughly 5 percent of the 39 total available units across the Burlington North submarket.

Royal Vista's average realized lease rent of $3,825 per month stands $1,595 above the Burlington North submarket average of $2,230, but no nearby competitor provides a direct realized-rent comparison because all four adjacent buildings—Admiral's Walk (5250 Lakeshore Rd, 0.11 km), Brant's Landing East (5340 Lakeshore Rd, 0.2 km), Waterford Place I (5194 Lakeshore Rd, 0.33 km), and Waterford Place II (5188 Lakeshore Rd, 0.35 km)—recorded zero closed leases over the trailing 180 days and therefore carry no realized rent, per-square-foot rate, or average square-footage benchmark. The single lease transaction at Royal Vista over the past year closed at $3,825 per month for a 1,344-square-foot unit, reflecting a $2.85 per square foot rate, while the building's two currently active listings ask $3,650 per month for approximately 1,287 square feet at $2.84 per square foot. Tenants in that closed lease negotiated an average discount of $125 per month (3.16 percent below asking), saving roughly $1,500 annually, confirming a tenant-favorable negotiation environment in this specific pocket.

Royal Vista offers a $2.85 per square foot leased rate on a 1,344-square-foot suite, positioning the building at a 16.9 percent discount to the Burlington North submarket average of $3.43 per square foot while providing 619 square feet more interior space than the submarket implied average of 668 square feet. Because Admiral's Walk, Brant's Landing East, Waterford Place I, and Waterford Place II each recorded zero lease transactions in the past 180 days, no direct per-square-foot or square-footage trade-off can be quantified against any named competitor; these buildings function solely as architectural references for a renter comparing layout generations along Lakeshore Road. The value equation here is straightforward: a renter paying $3,825 per month at Royal Vista is buying nearly twice the interior footprint of a typical submarket unit at a below-market rate per square foot, making the building's appeal rooted in space efficiency rather than premium per-foot pricing. The 1993 construction era and 139-suite scale further differentiate the asset from the smaller, newer 2000-vintage Waterford Place pair and the 2006 Brant's Landing East, offering a large-format living experience that the zero-transaction peers cannot currently price against.

Royal Vista fields a ten-item amenity suite—outdoor pool, tennis and pickleball court, gym and fitness centre, party and lounge room, games and billiards room, hobby room, sauna and steam room, car wash bay, hot tub and jacuzzi, and BBQ area—that is broader in recreational scope than any single nearby competitor. Admiral's Walk (1977) overlaps on pool, gym, sauna, party room, games room, hobby room, car wash bay, and BBQ area but adds a woodworking room and garden courtyard that Royal Vista lacks; Brant's Landing East (2006) offers a library and reading room plus garden courtyard absent from Royal Vista's package; Waterford Place II (2000) includes a concierge and security desk, a meeting room, and a pet wash station that Royal Vista does not provide. The signature differentiators at Royal Vista are the tennis and pickleball court and the hot tub and jacuzzi, neither of which appears in Admiral's Walk, Brant's Landing East, or Waterford Place I, giving the building a distinct active-recreation and aquatic-wellness identity. This lifestyle package best serves the active, family-oriented renter or small-group household seeking on-site sport and social facilities without the concierge-service overhead of the Waterford Place pair, prioritizing outdoor recreation and communal space over white-glove building services.