Senses - Rain 2 — Rental Market Data

Senses - Rain 2 features 3 active listings as of August 31, 2026, with an asking price range spanning $1,900 to $2,950 per month, an average rent of $2,482 per month, and a median rent of $2,595 per month. Active suites average 633 square feet at an asking rate of $4.07 per square foot. 1-Bedroom units represent the dominant layout with a 33.3 percent share of current inventory, contributing to an active pool evenly divided between compact entry-level footprints and multi-bedroom executive layouts.

The dominant active layout at Senses - Rain 2 is the 1-Bedroom configuration, accounting for 1 active listing and a 33.3 percent share of current inventory. The 1-Bedroom tier lists for an average of $1,900 per month across an average of 400 square feet at $4.75 per square foot. The 1-Bedroom + Den tier comprises 1 active listing representing a 33.3 percent inventory share, averaging $2,595 per month across 650 square feet at $3.99 per square foot. The 2-Bedroom + Den tier rounds out the inventory with 1 active listing holding a 33.3 percent share, asking an average of $2,950 per month across 850 square feet at $3.47 per square foot.

Senses - Rain 2 exhibits a minimum entry rent of $1,900 per month and a peak asking rent of $2,950 per month, creating a dollar spread of $1,050 and a percentage spread of 55.3 percent. The median asking rent sits at $2,595 per month. The entry-level option consists of a 1-Bedroom suite spanning 400 square feet priced at $4.75 per square foot, while the peak tier is anchored by a 2-Bedroom + Den layout spanning 850 square feet priced at $3.47 per square foot.

Senses - Rain 2 commands an active den premium of $695 per month for an additional 250 square feet of living space. This extra den area translates to a marginal cost of $2.78 per square foot. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

Senses - Rain 2 asks an average rent of $2,482 per month at $4.07 per square foot, compared to broader submarket benchmarks averaging $3,099 per month for lease rent and $4,206 per month for asking rent. The building's lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, with an asking rate per square foot sitting 51.2 percent below the submarket asking benchmark of $8.34 per square foot while representing 17 active submarket listings.

Senses - Rain 2 achieves an average lease rent of $2,461 per month, tracking near the overall micro-market comp average of $2,622 per month established across benchmark properties such as Rain, Kerr Street Studios, Oak Hill, and Princeton Manor - North. Rain (65 Speers Rd), located 0.04 kilometers away, reports an average lease rent of $2,536 per month at $3.54 per square foot across an average of 745 square feet. Kerr Street Studios (459 Kerr Street), positioned 0.2 kilometers away, registers an average lease rent of $2,450 per month at $3.55 per square foot across 701 square feet. Oak Hill (20 Speers Road), located 0.2 kilometers away, records an average lease rent of $2,700 per month at $2.08 per square foot across 1,300 square feet. Finally, Princeton Manor - North (70 Stewart St), situated 0.46 kilometers away, posts an average lease rent of $2,800 per month at $2.95 per square foot across an average of 950 square feet.

Senses - Rain 2 establishes its value proposition by offering an average leased rate of $3.69 per square foot across an average suite size of 683 square feet, competing directly against nearby alternatives and the submarket benchmark of $3.70 per square foot. Renters weighing options in this micro-market navigate distinct trade-offs between modern building efficiencies and older, larger footprints. For instance, while Oak Hill provides expansive 1,300 square feet floor plans at a much lower rate of $2.08 per square foot, it represents a 1973-built alternative compared to the subject building's 2017 construction. Conversely, adjacent mid-2010s peers like Rain offer slightly larger 745 square feet layouts at $3.54 per square foot, whereas Kerr Street Studios delivers 701 square feet units at $3.55 per square foot. Renters at Senses - Rain 2 pay a modest premium for contemporary finishes, modern mechanical systems, and updated layouts while benefiting from manageable utility burdens and efficient square footage.

Senses - Rain 2 delivers an extensive, resort-style amenity package that distinguishes it from older and less amenitized peers in the immediate micro-market. The building features signature amenities including a concierge and security, a car wash bay, a gym and fitness centre, a yoga studio, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a party and lounge room, a meeting room, a media and theatre room, a games and billiards room, a library and reading room, a dining room and kitchen, a BBQ area, a rooftop terrace, a pet wash station, and a cold plunge pool. When compared against nearby competitors, the subject building matches or exceeds the offerings found at Rain (which similarly includes a concierge and security, car wash bay, gym and fitness centre, yoga studio, indoor pool, hot tub and jacuzzi, sauna and steam room, party and lounge room, dining room and kitchen, media and theatre room, library and reading room, games and billiards room, BBQ area, rooftop terrace, pet wash station, and cold water plunge pool), while significantly outpacing older properties like Oak Hill, which is limited to a gym and fitness centre, indoor pool, party and lounge room, library and reading room, hobby room, shared laundry room, and garden and courtyard, and outfitting itself far beyond Kerr Street Studios and Princeton Manor - North, neither of which provide comparable on-site amenity records in the data.