One Park Place South — Rental Market Data

One Park Place South has four active listings as of August 31, 2026, with asking rents ranging from $2,380 to $2,750 per month, an average of $2,565, and a median of $2,565. The average active suite measures 713 square feet at $3.60 per square foot. Inventory is evenly divided between two one-bedroom-plus-den units and two two-bedroom units, placing the building squarely in the mid-range family layout tier rather than compact entry-level or executive multi-bedroom categories.

The dominant active layout at One Park Place South is the one-bedroom-plus-den, with two listings representing 50 percent of available inventory at an average asking rent of $2,440 per month across 676 square feet and $3.61 per square foot. The two-bedroom tier also holds two listings at 50 percent share, averaging $2,690 per month over 750 square feet at $3.59 per square foot. Both tiers are small selections of two units each, meaning renters have limited choice within any single bedroom category.

One Park Place South's active asking rents span from $2,380 to $2,750 per month, a $370 spread representing 15.5 percent. The median asking rent sits at $2,565 per month. The entry-level suite is a one-bedroom-plus-den measuring 650 square feet at $3.66 per square foot, while the peak listing is a two-bedroom at 750 square feet and $3.67 per square foot, showing that the higher asking price reflects additional bedroom space rather than a premium rate per square foot.

One Park Place South does not have a quantified den premium or square-footage delta for its active one-bedroom-plus-den listings, as the paired sample is insufficient to isolate a reliable marginal cost. Active parking stall premiums also cannot be reliably isolated due to an anomalous outlier or insufficient paired data, so no specific monthly parking fee can be quoted for current listings.

One Park Place South's active asking average of $2,565 per month at $3.60 per square foot compares to the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot, placing the building 17.4 percent below the submarket rate per square foot. The nominal rent gap of roughly $71 per month is more than offset by suite size: active listings average 713 square feet versus the submarket's typical compact footprint, so renters gain meaningful additional space at a lower per-square-foot cost. The building's four active listings represent a small slice of the broader market, accounting for 4 out of 192 available listings in the Downtown East submarket.

One Park Place South's all-time average realized lease rent of $2,289 per month sits $12 above the four-comp benchmark of $2,277, placing it marginally above the immediate peer median while remaining below the Downtown East submarket average of $2,429. One Park Place North (170 Sumach St, 0.1 km) closed 14 leases at an average of $2,138 per month ($4.20 per square foot, 535 sq ft), meaning the subject commands a $151-per-month higher realized rent than that twin-tower neighbour. The Bartholomew (200 Sackville St, 0.15 km) recorded 6 closed leases averaging $2,408 per month ($3.85 per square foot, 624 sq ft), so the subject trades at a $119-per-month lower rent. Paintbox (225 Sackville St, 0.15 km) closed 10 leases at $2,328 per month ($4.07 per square foot, 585 sq ft), leaving the subject $39 below that benchmark. DuEast Condominiums – Regent Park (225 Sumach St, 0.18 km) logged 27 closed leases at $2,233 per month ($3.93 per square foot, 591 sq ft), with the subject realizing a $56-per-month higher rent. All four competitors produced active lease volume; none recorded zero transactions, so every figure above reflects realized market pricing rather than an architectural reference.

One Park Place South leases at $3.89 per square foot across 598 square feet, a rate 3.0% below the four-comp average of $4.01 per square foot and 8.0% below the Downtown East submarket leased benchmark of $4.23 per square foot, while its suite footprint exceeds the comp mean of 584 square feet by 14 square feet. Against One Park Place North, the subject trades at a $0.31-per-square-foot (7.4%) discount while providing 63 more interior square feet, so the higher nominal rent of $151 is fully explained by the larger footprint rather than a per-unit valuation premium. Versus The Bartholomew, the subject commands a $0.04-per-square-foot (1.0%) premium yet delivers 26 fewer interior square feet; the $119 lower monthly rent is therefore driven by the smaller suite size, not by weaker asset positioning. Against Paintbox, the subject offers a $0.18-per-square-foot (4.4%) discount with 13 additional square feet, making it the most space-efficient option in the cluster at a lower total outlay. DuEast Condominiums – Regent Park presents the tightest spread: the subject trades at a $0.04-per-square-foot (1.0%) discount while providing 7 more square feet, a near-parity trade-off where the slightly higher nominal rent of $56 reflects the incremental volume rather than a rate advantage.

One Park Place South fields the most extensive lifestyle package in its immediate peer set with 19 distinct amenities, outpacing One Park Place North (14), The Bartholomew (11), DuEast Condominiums (12), and Paintbox (9). The subject's signature differentiators include a sauna and steam room, a dedicated tennis and pickleball court, a volleyball court, and a shared laundry room—none of which appear in any of the four competitors' amenity rosters. One Park Place North counters with an indoor pool absent from the subject, while The Bartholomew offers a spin studio and pet wash station that the subject does not provide, and DuEast includes a business centre, indoor kids' play room, and hobby room that have no direct equivalent here. Paintbox, the leanest competitor, lacks a yoga studio, squash court, or dining room entirely. The subject's aquatic-wellness (sauna/steam), competitive-sport (tennis, pickleball, volleyball, basketball, squash), and social-dining (dining room and kitchen, piano lounge) combination targets the 28-to-45 professional renter who prioritises on-site fitness variety and communal gathering space over a single marquee feature like a pool or pet facility.