Rêve King West — Rental Market Data

Rêve King West carries three active rental listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,980 per month, an average of $2,827 and a median of $2,300. The average active suite measures 683 square feet at an asking rate of $4.12 per square foot. One-bedroom units dominate the active inventory at 66.7 percent of available listings, meaning current availability leans toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Rêve King West is the one-bedroom, with two units representing 66.7 percent of current availability at an average asking rent of $2,250 per month across 550 square feet and $4.09 per square foot. The three-bedroom-plus tier holds a single listing at $3,980 per month for 950 square feet, equating to $4.19 per square foot. No two-bedroom units are currently available for rent in the building.

Rêve King West's active asking rents span from a minimum of $2,200 to a peak of $3,980 per month, a dollar spread of $1,780 or 80.9 percent. The median asking rent sits at $2,300 per month, anchored by the entry-level one-bedroom suite at 550 square feet and $4.00 per square foot. At the top of the range, the peak three-bedroom-plus suite offers 950 square feet at $4.19 per square foot, commanding a premium of $1,780 over the entry point for roughly 400 additional square feet.

Rêve King West does not currently have a quantified den premium or square-footage delta between den-included and den-excluded suites in its active inventory. Marginal cost per square foot for additional den space cannot be isolated from the three available listings. Parking stall premiums also cannot be reliably determined from current data, as the paired sample is insufficient to establish a verified monthly add-on cost.

Rêve King West's active asking rent of $2,827 per month and $4.12 per square foot both trail the Downtown West submarket benchmarks of $3,080 per month and $4.81 per square foot. The building's 14.3 percent discount on a per-square-foot basis reflects genuinely more competitive unit pricing rather than a suite-size artifact, as the average active suite at 683 square feet is comparable to the submarket's leased average. Rêve King West accounts for three of the 170 active listings across the Downtown West submarket, representing roughly 1.8 percent of total neighbourhood availability.

Rêve King West's average closed lease rent of $3,225 per month sits $685 above the four-comparable average of $2,540, driven primarily by the building's larger average suite size of 751 square feet. Portland Park Village at 550 Front St W closed leases averaging $2,610 per month at $3.88 per square foot across 735 square feet. Westside – East Tower at 576 Front St W recorded an average of $2,445 per month at $4.40 per square foot over 567 square feet. Westside – Bside at 27 Bathurst St closed at $2,564 per month, $4.31 per square foot, and 606 square feet. The Twenty at 20 Niagara St had no closed lease transactions in the trailing 180-day window, so no benchmark rent is available for that property.

Rêve King West leases at $4.26 per square foot across an average of 751 square feet, trading at a slight discount to both Westside towers while commanding a premium over the older Portland Park Village. Against Westside – East Tower ($4.40 per square foot, 567 square feet), the subject offers 184 additional square feet at a rate $0.14 per square foot lower, meaning tenants gain meaningful interior space without paying a per-foot premium. Compared with Westside – Bside ($4.31 per square foot, 606 square feet), the subject provides 145 more square feet at a $0.05 per square foot discount. Portland Park Village ($3.88 per square foot, 735 square feet) is the one comp where the subject trades at a $0.38 per square foot premium, though the size gap is only 16 square feet. The net effect is that Rêve King West delivers the largest average suite in this micro-market at a mid-pack rate per square foot, making it the strongest value play for tenants who weight interior volume heavily in their decision.

Rêve King West's amenity package emphasises social dining, wellness, and media entertainment, setting it apart from both the older Portland Park Village and the pool-focused Westside towers. The building's dedicated Dining Room & Kitchen is absent at both Portland Park Village and Westside – East Tower, giving Rêve King West residents an in-building space for group meals that those two competitors do not offer. The Media & Theatre Room is missing from Portland Park Village and Westside – Bside, while the Sauna & Steam Room is unavailable at both of those properties as well. Conversely, the Westside towers each feature an Outdoor Pool and a Shared Laundry Room that Rêve King West does not provide, and Westside – East Tower adds a dedicated Business Centre. The target renter for Rêve King West is the downtown professional or small household that values a full-service social and wellness environment—yoga studio, sauna, billiards, rooftop terrace, and a proper dining kitchen—over resort-style pool access or a formal business centre.