M1 at Metro Place — Rental Market Data

M1 at Metro Place has 2 active listings as of August 31, 2026, offering a price range between $2,250 and $2,500 per month with an average asking rent of $2,375 per month and a median asking rent of $2,375 per month. These active units average 700 square feet with an asking rate of $3.40 per square foot, evenly split between 1-Bedroom and 1-Bedroom + Den layouts that together represent 100% of the active market inventory. The current active listings lean toward entry-level, compact footprint suites compared to historical building averages.

The dominant active layout at M1 at Metro Place is the 1-Bedroom tier, which accounts for 1 active listing and a 50% share of current inventory. The 1-Bedroom units feature an average asking rent of $2,250 per month across an average size of 650 square feet, priced at $3.46 per square foot. Meanwhile, the 1-Bedroom + Den tier comprises the remaining 1 active listing and 50% share, asking an average of $2,500 per month across 749 square feet at a rate of $3.34 per square foot.

M1 at Metro Place displays a minimum entry rent of $2,250 per month and a peak asking rent of $2,500 per month, creating a dollar spread of $250 and a percentage spread of 11.1%. The median asking rent sits squarely at $2,375 per month across the building's active inventory. The entry-level option consists of a 1-Bedroom suite spanning 650 square feet at an asking rate of $3.46 per square foot, while the peak tier is represented by a 1-Bedroom + Den layout offering 749 square feet at $3.34 per square foot.

M1 at Metro Place commands an active den premium of $250 per month for an additional 99 square feet of living space, moving from the 1-Bedroom baseline to the 1-Bedroom + Den configuration. This extra den space equates to a marginal cost of $2.53 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

M1 at Metro Place features an average asking rent of $2,375 per month at $3.40 per square foot, tracking below the Downsview submarket asking average of $2,472 per month and $3.87 per square foot. The building's lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, resulting in an asking price-per-square-foot variance of -12.1% against the submarket while maintaining an active inventory share of 2.1% against the 97 total active listings across the broader submarket.

M1 at Metro Place achieves an average lease rent of $2,765 per month, sitting above the overall comp average of $2,373 per month across key neighborhood benchmarks including WestLine, M2 at Metro Place, Parkside Towers at Metro Place (M4), and Metropolis at Metro Place (M3). WestLine (1100 Sheppard Ave W) reports an average lease rent of $2,398 per month at $3.81 per square foot across an average of 674 square feet. M2 at Metro Place (1070 Sheppard Ave W) records an average lease rent of $2,309 per month at $3.84 per square foot across 625 square feet. Parkside Towers at Metro Place (M4) (1 De Boers Dr) posts an average lease rent of $2,379 per month at $3.19 per square foot across 750 square feet. Finally, Metropolis at Metro Place (M3) (1060 Sheppard Ave W) logs an average lease rent of $2,406 per month at $3.56 per square foot across 683 square feet.

M1 at Metro Place establishes its value proposition by offering an average lease rate of $3.22 per square foot across an expansive average size of 876 square feet, undercutting the steeper space-efficiency premiums seen at newer or more densely configured alternatives. Renters evaluating M1 at Metro Place trade newer construction finishes—such as those found at the 2024-built WestLine—for substantially larger interior footprints that provide lower relative costs per square foot. For instance, while WestLine commands $3.81 per square foot across compact 674-square-foot layouts, and M2 at Metro Place requires $3.84 per square foot for smaller 625-square-foot floor plans, M1 delivers 202 more square feet than WestLine and 251 more square feet than M2. This structural dynamic appeals to tenants prioritizing raw living volume over contemporary aesthetic upgrades.

M1 at Metro Place provides a robust recreational package that rivals newer developments, featuring a concierge and security service, a fully equipped gym and fitness centre, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a golf simulator, a party and lounge room, a meeting room, a business centre, a media and theatre room, a games and billiards room, and a garden and courtyard. When compared against WestLine, which introduces contemporary additions like an EV charging station, a yoga studio, a pet wash station, a bouldering wall, and an automated parcel storage, M1 emphasizes traditional wellness and leisure amenities. Its indoor pool, sauna and steam room, and games and billiards room match or exceed the shared amenity offerings found at adjacent 2011-2012 peers like M2, M3, and M4. This comprehensive facility profile makes M1 at Metro Place particularly attractive to downsizers and professionals seeking extensive on-site recreation without sacrificing square footage.