Condominiums of Cornell 2 — Rental Market Data

Condominiums of Cornell 2's average realized lease rent of $2,600 per month exceeds the overall four-comparable benchmark of $2,387 per month by $213, with both active peers—Condominiums of Cornell and 68 Main—pricing below the subject. Condominiums of Cornell at 2 Adam Sellers St, 0.14 km away, recorded 5 closed leases at an average of $2,249 per month ($3.00 per square foot across 750 square feet), placing the subject $351 higher on a monthly basis. 68 Main at 68 Main St N, 2.88 km away, logged 6 closed leases averaging $2,525 per month ($4.72 per square foot across 598 square feet), with the subject commanding $75 more per month. Swan Lake Village – Phase 1 and Swan Lake Village – 2, both at The Boardwalk Way (2.49 km), recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark for direct comparison.

Condominiums of Cornell 2 leases at $2.97 per square foot across an average 877 square feet, a combination that places it below both active competitors on the per-square-foot rate while delivering substantially more interior space than either. Against Condominiums of Cornell (0.14 km, 5 closed leases), the subject trades at a $0.03 per square foot (1.0 percent) discount while providing 127 more interior square feet, meaning the $351 monthly rent premium is entirely a function of the larger footprint rather than a higher per-unit-area valuation. Versus 68 Main (2.88 km, 6 closed leases), the subject offers a $1.75 per square foot (37.1 percent) discount and 279 additional square feet, so the modest $75 monthly rent differential reflects the extra living area rather than any premium on space efficiency. In both cases, a renter paying more in absolute dollars is receiving proportionally more interior area, making the subject a space-maximizing option within this immediate pocket.

Condominiums of Cornell 2 offers a mid-tier amenity suite—Gym & Fitness Centre, Party & Lounge Room, Meeting Room, BBQ Area, and Rooftop Terrace—that differentiates it from its closest neighbour while falling short of the full-service packages at the Swan Lake Village buildings. Compared directly with Condominiums of Cornell (0.14 km), the subject adds a dedicated Meeting Room and a Rooftop Terrace that the adjacent building does not provide, giving residents remote-work and outdoor-social options absent from that peer. Against 68 Main (2.88 km), the subject lacks the concierge desk, media and theatre room, garden courtyard, and car-share program that 68 Main includes, though it matches on gym, rooftop terrace, BBQ, party room, and meeting room. The two Swan Lake Village buildings (2.49 km) feature indoor and outdoor pools, saunas, tennis and pickleball courts, libraries, and shuffleboard—amenities entirely absent from the subject—but neither recorded a single closed lease in the trailing 180 days. This amenity package best serves young professionals and small households in Markham East who prioritize a functional gym, a private meeting space for remote work, and rooftop social access over resort-style recreation facilities.