Corktown District - 569 King — Rental Market Data

Corktown District – 569 King has two active listings as of August 31, 2026, with asking rents ranging from $2,050 to $2,400 per month and an average of $2,225 per month. The median asking rent is also $2,225 per month, and the two available suites average 475 square feet at a combined asking rate of $4.74 per square foot. Both units are one-bedroom layouts, accounting for 100 percent of active inventory, so the current selection leans entirely toward compact entry-level suites rather than multi-bedroom or den-included executive layouts.

The dominant and sole active layout at Corktown District – 569 King is the one-bedroom, with two units representing 100 percent of available inventory. Both one-bedroom suites average $2,225 per month across 475 square feet at $4.74 per square foot, with the smaller unit at 400 square feet asking $5.13 per square foot and the larger at 550 square feet asking $4.36 per square foot. No two-bedroom, studio, or den-included layouts are currently listed for rent in this building.

Corktown District – 569 King shows an active asking spread of $350 per month, or 17.1 percent, between the entry-level unit at $2,050 and the peak listing at $2,400. The median asking rent across both units is $2,225 per month. The entry-level one-bedroom spans 400 square feet at $5.13 per square foot, while the peak one-bedroom offers 550 square feet at $4.36 per square foot, meaning the larger suite delivers a lower per-square-foot cost despite the higher absolute rent.

Corktown District – 569 King does not have a quantified active den premium, as no den-included suites are currently listed and the square-footage delta between den and non-den layouts cannot be isolated from the available data. Parking stall premiums also cannot be reliably isolated for this building, as the paired sample of active listings with confirmed parking assignments is insufficient to produce a defensible monthly figure. Renters should request individual parking availability and pricing directly from the leasing office before committing to an offer.

Corktown District – 569 King's active asking rate of $4.74 per square foot runs 8.7 percent above the Downtown East submarket asking benchmark of $4.36 per square foot, even though the nominal average rent of $2,225 per month sits below the submarket average of $2,636. That rent gap is explained by suite size: the building's active one-bedrooms average 475 square feet versus the submarket implied average of 605 square feet, a 130-square-foot deficit that compresses the monthly figure. The two active units represent 2 out of 192 available listings in the Downtown East submarket, or roughly 1 percent of total active inventory.

Corktown District - 569 King's average realized lease rent of $2,775 per month sits $421 below the three-active-comp cluster average of $3,196 per month, with the primary pricing anchors being Corktown District - II and Carhartt Lofts. Corktown District - 549 King (549 King St E, 0.06 km) closed one lease at an average of $1,950 per month, $4.88 per square foot, and 400 square feet, placing the subject $825 per month higher on a nominal basis. Corktown District - II (510 King St E, 0.06 km) closed four leases averaging $3,138 per month, $4.36 per square foot, and 764 square feet, meaning the subject trades $363 per month lower. Carhartt Lofts (535 Queen Street E, 0.13 km) closed one lease at $4,500 per month, $9.00 per square foot, and 500 square feet, leaving the subject $1,725 per month lower in nominal terms. Corktown District - 52 Sumach (52 Sumach St, 0.11 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark against which to compare the subject.

Corktown District - 569 King leases at $3.48 per square foot across an average 800-square-foot suite, a rate that trades at a discount below every active nearby alternative and below the Downtown East submarket lease benchmark of $4.23 per square foot, while delivering more interior space than any competitor in the cluster. Against Corktown District - 549 King (0.06 km), the subject commands a higher monthly rent of $825 but trades at a $1.40 per square foot discount and provides 400 more interior square feet, so the nominal premium is entirely a function of the larger footprint rather than a per-area valuation advantage. Against Corktown District - II (0.06 km), the subject trades at a lower monthly rent of $363 and a $0.88 per square foot discount while still delivering 36 more interior square feet, indicating the rent gap reflects the comp's slightly smaller but denser suite mix. Against Carhartt Lofts (0.13 km), the subject trades at a lower monthly rent of $1,725 and a $5.52 per square foot discount while providing 300 more interior square feet, a spread that underscores the 1999 building's premium per-area pricing on a compact 500-square-foot layout. In every active comparison, the subject's lower per-square-foot rate is offset by a larger interior footprint, positioning it as the space-maximizing option in this immediate pocket.

Corktown District - 569 King offers an eight-item amenity package—Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Media & Theatre Room, Games & Billiards Room, BBQ Area, and Rooftop Terrace—that matches its 2011-era siblings 549 King and 52 Sumach exactly but trails the newer Corktown District - II by three additional features: an EV Charging Station, a Library & Reading Room, and a dedicated Dining Room & Kitchen. Against Carhartt Lofts, the subject outperforms on lifestyle breadth with five extra amenities (Party Room, Meeting Room, Media Room, Games Room, BBQ Area, Rooftop Terrace) but lacks the 1999 building's Pet Wash Station. The absence of EV charging and a dedicated dining or library space distinguishes the subject from Corktown District - II for renters who prioritize remote-work infrastructure and in-building social dining, while the shared gym, rooftop terrace, and games room keep the building competitive with its 2011 peers. This amenity profile best serves cost-conscious professionals and small households who value a well-rounded social and fitness package without the premium pricing attached to the newer, amenity-dense Corktown District - II tower.