55C — Rental Market Data

55C at 55 Charles St E has three units actively listed as of August 31, 2026, with asking rents ranging from $3,350 to $4,500 per month, an average of $4,017, and a median of $4,200. The available suites average 933 square feet at an asking rate of $4.33 per square foot, and the inventory skews toward multi-bedroom executive layouts rather than compact entry-level one-bedrooms. Two of the three listings are two-bedroom units (66.7 percent share) and one is a three-bedroom-plus configuration, reflecting a current mix that is larger and more premium than the building's historical lease profile dominated by one-bedroom suites.

The dominant active layout at 55C is the two-bedroom unit, with two listings representing 66.7 percent of available inventory at an average asking rent of $3,925 per month across 925 square feet and a rate of $4.28 per square foot. The remaining 33.3 percent is a single three-bedroom-plus listing asking $4,200 per month for 950 square feet at $4.42 per square foot, making this tier a single-transaction sample rather than a small selection. No one-bedroom or studio units are currently on the market, so renters seeking compact entry-level space must look to the wider Cabbagetown submarket.

55C's three active listings span a $1,150 spread (34.3 percent) from a minimum entry rent of $3,350 per month to a peak asking rent of $4,500 per month, with the median asking rent at $4,200. The entry-level suite is a two-bedroom unit of 750 square feet priced at $4.47 per square foot, while the peak listing is a larger two-bedroom at 1,100 square feet carrying a lower rate of $4.09 per square foot. The inverse relationship between size and rate per square foot across these two tiers means the premium for additional space is modest on a per-foot basis despite the higher nominal monthly cost.

Active den premiums at 55C cannot be quantified from the current sample, as no paired den versus non-den listings exist to isolate the marginal cost of extra den space. Parking stall pricing likewise cannot be reliably isolated from the available data, and no verified monthly parking add-on figure can be quoted for the three active units. Prospective tenants should request a full occupancy cost breakdown, including any parking or storage fees, directly from the leasing team before signing a lease.

55C's average asking rent of $4,017 per month sits $839 above the Cabbagetown submarket asking benchmark of $3,178, yet the rate per square foot is identical at $4.33, meaning the higher nominal rent is entirely a function of the building's larger 933-square-foot average suite size versus the submarket norm. The zero-percent variance in asking rate per square foot (psf_vs_submarket_asking_pct) confirms that 55C is priced at the submarket midpoint on a density-adjusted basis. In terms of inventory share, the building's three active listings represent roughly 2.8 percent of the 106 total available units across Cabbagetown, leaving renters with a deep pool of alternative options in the surrounding market.

55C's average realized lease rent of $2,791 per month exceeds the four-building comp benchmark of $2,581 by $210, with every individual competitor trading below the subject. Chaz Yorkville at 45 Charles St E (0.03 km, 56 closed leases) averages $2,651 per month at $4.16 per square foot across 650 square feet; Casa II at 42 Charles St E (0.06 km, 78 closed leases) averages $2,391 per month at $4.64 per square foot across 525 square feet; Casa - Condominio Residenza at 33 Charles St E (0.08 km, 34 closed leases) averages $2,655 per month at $4.19 per square foot across 655 square feet; and Casa III at 50 Charles St E (0.08 km, 109 closed leases) averages $2,625 per month at $4.78 per square foot across 565 square feet. All four competitors recorded active lease transactions over the trailing 180 days, so each provides a realized pricing benchmark rather than a speculative reference point.

55C's leased rate of $4.34 per square foot across an average 655-square-foot suite undercuts the comp average of $4.44 per square foot while delivering more interior space than three of four nearby alternatives, making the subject a space-forward value play in this pocket. Against Chaz Yorkville (0.03 km), the subject commands a $0.18 per square foot (4.3%) premium and provides 5 more interior square feet, a near-identical footprint with a modest rate edge. Against Casa - Condominio Residenza (0.08 km), the subject trades at a $0.15 per square foot (3.6%) premium with identical 655-square-foot average suites. The trade-off sharpens against Casa II (0.06 km) and Casa III (0.08 km): the subject's nominal rent is $400 and $166 higher respectively, yet the per-square-foot rate actually discounts by $0.30 (6.5%) and $0.44 (9.2%) because the subject provides 130 and 90 more interior square feet. In both cases the higher monthly figure is driven entirely by the larger interior footprint rather than a stronger per-unit valuation, meaning renters at 55C receive materially more living area for each dollar of rent than those in Casa II or Casa III.

55C offers a 15-feature lifestyle package anchored by an Outdoor Firepits area—a signature amenity absent from all four nearby competitors—alongside a Spin Studio, Dining Room & Kitchen, Sauna & Steam Room, and Rooftop Terrace that collectively position the building as a wellness-and-social hybrid. Chaz Yorkville (0.03 km) matches the subject on most fitness and social features but adds a Golf Simulator, Massage Room, Car Wash Bay, and Games & Billiards Room that 55C does not carry. Casa II (0.06 km) and Casa III (0.08 km) both feature Outdoor Pools and Hot Tub & Jacuzzi facilities that the subject lacks, while Casa - Condominio Residenza (0.08 km) offers both an Indoor Pool and Outdoor Pool alongside a Hot Tub & Jacuzzi. The subject's Outdoor Firepits, combined with its Garden & Courtyard and BBQ Area, create an al-fresco social layer that no peer replicates, and the Spin Studio (shared only with Chaz Yorkville) gives 55C a dedicated cycling space that Casa II, Casa III, and Casa - Condominio Residenza do not provide. This package best serves young professionals and small households who prioritize active wellness programming, outdoor social gathering, and a modern 2024-built interior over aquatic recreation or spa services.