Place Nouveau II — Rental Market Data

Place Nouveau II has exactly one active listing as of August 31, 2026, asking $2,890 per month with both the average and median rent at that same figure. The available suite spans 1,100 square feet at $2.63 per square foot, and the 100 percent layout share is a two-bedroom configuration. With only a single unit on the market, inventory is neither compact entry-level nor multi-bedroom executive in any meaningful distributional sense; it is a lone mid-size two-bedroom offering in an otherwise fully occupied building.

The sole active layout at Place Nouveau II is a two-bedroom unit, representing 100 percent of available inventory as a single listing. That one unit asks $2,890 per month on 1,100 square feet at $2.63 per square foot, with no one-bedroom, studio, or three-bedroom alternatives currently on the market. Renter choice within this building is effectively limited to this single configuration or waiting for additional units to enter the pipeline.

Place Nouveau II's active pricing spread is $0, as the minimum and maximum asking rents are both $2,890 per month, yielding a 0 percent spread across the single available unit. The entry-level and peak suite are the same two-bedroom layout at 1,100 square feet and $2.63 per square foot, so there is no internal price gradient to navigate. Renters seeking a lower-cost option within this building would need to look to the broader North York City Centre submarket, where the average asking rent is $2,753 per month.

Den premiums at Place Nouveau II cannot be quantified, as no paired active listings with and without a den exist in the current sample to isolate a marginal cost per square foot. Parking stall costs are similarly unquoted; the available data is flagged as an unreliable outlier or insufficient paired sample, so no specific monthly parking figure can be stated with confidence. Renters should request a direct parking add-on quote from the leasing office before committing to a lease.

Place Nouveau II's active asking rent of $2,890 per month exceeds the North York City Centre submarket average of $2,753 by approximately 5 percent, yet its rate of $2.63 per square foot is 31.5 percent below the submarket asking benchmark of $3.84 per square foot. The nominal rent premium is fully explained by the active suite's 1,100-square-foot footprint, which is substantially larger than the typical submarket listing, making the per-area cost the more meaningful comparison for value-conscious renters. This building represents 1 out of 216 active listings in the North York City Centre submarket, a 0.5 percent share of total available inventory.

Place Nouveau II's all-time average realized lease rent of $2,638 per month sits $59 above the four-comp average of $2,579 and essentially at parity with the North York City Centre submarket benchmark of $2,640. Against individual active competitors, the subject trades $225 per month lower than Place Nouveau I at 5785 Yonge St (0.06 km, 4 closed leases, $2,863 average rent, $4.22 per square foot, 875 sq ft), $205 per month higher than Turnberry Court at 5795 Yonge St (0.14 km, 3 closed leases, $2,433 average rent, $2.64 per square foot, 923 sq ft), $119 per month higher than Luxe Condominiums II at 5793 Yonge St (0.15 km, 8 closed leases, $2,519 average rent, $3.40 per square foot, 750 sq ft), and $138 per month higher than Luxe Condominiums – I at 5791 Yonge St (0.17 km, 12 closed leases, $2,500 average rent, $3.50 per square foot, 724 sq ft). All four comparables recorded positive lease transactions over the trailing 180 days, so every figure above reflects realized market pricing rather than an architectural reference.

Place Nouveau II leases at $2.92 per square foot on an average 925-square-foot suite, a combination that undercuts the four-comp average of $3.44 per square foot and the submarket leased benchmark of $3.75 per square foot while delivering 107 to 201 more interior square feet than any nearby competitor. Against Place Nouveau I, the subject trades at a $1.30 per square foot (30.8%) discount while providing 50 more interior square feet, making it the most space-efficient option in the immediate cluster. Versus Turnberry Court, the subject commands a $0.28 per square foot (10.6%) premium on nearly identical square footage (2 sq ft more), reflecting a genuine rate advantage rather than a footprint difference. Against both Luxe buildings, the subject trades at a $0.48 per square foot (14.1%) discount to Luxe II and a $0.58 per square foot (16.6%) discount to Luxe I, yet provides 175 and 201 more interior square feet respectively—meaning the higher nominal rent is entirely a function of the larger interior footprint, not a higher per-unit valuation. Tenants choosing Place Nouveau II over the 2010 Luxe pair gain roughly 20% more living area at a lower rate density, a trade-off that favours renters prioritizing space over building age.

Place Nouveau II offers a ten-item lifestyle package spanning aquatic, wellness, fitness, and social facilities that is broader in scope than any single competitor in the Yonge Street cluster. The subject's Hot Tub & Jacuzzi and Squash & Racquetball Court are absent from both Luxe Condominiums II and Luxe Condominiums – I, while its Yoga Studio and Meeting Room are missing from Place Nouveau I and Turnberry Court. Conversely, the 2010 Luxe pair counters with a Rooftop Terrace, Media & Theatre Room, and (in Luxe II) a Library & Reading Room that the 1989 subject does not provide, and Turnberry Court adds an Outdoor Pool and BBQ Area not found at Place Nouveau II. The building's combined indoor pool, hot tub, sauna, squash court, gym, yoga studio, and meeting room create a full-service aquatic-and-wellness profile that best serves mid-career professionals and small families in North York City Centre who want resort-style recreation and a dedicated remote-work space without paying the per-square-foot premium of the newer 2010 stock.