Neon — Rental Market Data

Neon at 58 Orchard View Blvd has two active listings as of August 31, 2026, with asking rents ranging from $1,850 to $2,150 per month, an average of $2,000, and a median of $2,000. Both available suites measure 400 square feet, producing an average asking rate of $5.00 per square foot. The inventory splits evenly between one studio and one one-bedroom unit, leaning squarely toward compact entry-level layouts rather than multi-bedroom executive configurations.

The dominant active layout at Neon is the one-bedroom, with one unit representing 50 percent of available inventory. The studio tier also holds one listing at 50 percent share, asking $1,850 per month on 400 square feet at $4.63 per square foot, while the one-bedroom asks $2,150 per month on the same 400-square-foot footprint at $5.38 per square foot. Both tiers are single-listing samples, so no tier offers renters a choice between multiple units.

Neon's active asking rents span from a minimum of $1,850 to a peak of $2,150 per month, a dollar spread of $300 or 16.2 percent. The median asking rent sits at $2,000 per month. The entry-level suite is a 400-square-foot studio priced at $4.63 per square foot, while the peak listing is a 400-square-foot one-bedroom at $5.38 per square foot.

Active den premiums at Neon cannot be quantified, as no paired den versus non-den listings exist in the current inventory to isolate a marginal cost per square foot for additional den space. Parking stall costs also cannot be reliably isolated from the active sample due to insufficient paired data or anomalous outliers, so no verified monthly parking figure can be quoted for current listings.

Neon's average asking rent of $2,000 per month sits below the North Midtown submarket asking benchmark of $2,803, yet the building's $5.00 per square foot rate runs 17.1 percent above the submarket asking rate of $4.27 per square foot. The lower nominal rent reflects the 400-square-foot compact suite sizing rather than a pricing advantage, as the per-square-foot cost is meaningfully higher than the broader market. Neon's two active listings account for 2 out of 232 available listings in North Midtown.

Neon's average realized lease rent of $2,668 per month runs $214 above the four-comp average of $2,454, with the gap concentrated against the two highest-volume peers. E Condos – South Tower at 8 Eglinton Ave E (0.25 km, 65 closed leases) averaged $2,430 per month at $4.17 per square foot across 588 square feet, placing Neon $238 higher in nominal rent. Whitehaus at 33 Helendale Ave (0.13 km, 43 closed leases) averaged $2,477 per month at $4.57 per square foot over 559 square feet, putting Neon $191 above that figure. 30 Roe on Roehampton Ave (0.27 km, 23 closed leases) posted the highest comp rent at $2,709 per month, $41 more than Neon, while Broadway Plaza at 7 Broadway Ave (0.27 km, 2 closed leases) recorded $2,199 per month—though with only two transactions in 180 days, that figure serves as a directional reference rather than a reliable pricing benchmark.

Neon leases at $4.18 per square foot across an average 649 square feet, a rate that matches the submarket benchmark of $4.19 per square foot and splits the field against its nearest active competitors. Against Whitehaus, the subject trades at a $0.39-per-square-foot (8.5%) discount while delivering 90 more interior square feet, so the higher nominal rent is a function of the larger footprint rather than a per-unit premium. Versus E Condos – South Tower, Neon commands a marginal $0.01-per-square-foot (0.2%) premium and provides 61 additional square feet, making the $238 rent gap almost entirely a size differential. The sharpest trade-off appears with 30 Roe: Neon's rent is $41 lower in absolute terms, yet the subject commands a $0.24-per-square-foot (6.1%) premium over that comp while offering 44 fewer square feet—meaning the lower headline rent reflects a smaller interior footprint, not a weaker per-unit valuation. Broadway Plaza, with only two closed leases, shows a $0.14-per-square-foot (3.5%) premium for Neon alongside 74 more square feet, but the thin transaction count limits its use as a pricing anchor.

Neon's nine-amenity package—spanning concierge security, gym, yoga studio, party lounge, meeting room, media theatre, rooftop terrace, BBQ area, and games/billiards room—sits in the mid-tier of this immediate peer set, offering a well-rounded social and wellness mix without the aquatic or spa facilities that several competitors layer in. Whitehaus adds a pet wash station, hobby room, and dining kitchen that Neon lacks, while E Condos – South Tower differentiates with an indoor pool, sauna and steam room, hot tub, boxing studio, and technology lounges. 30 Roe extends further into wellness and remote-work territory with a spin studio, sauna, business centre, library, EV charging, and a garden courtyard. Broadway Plaza, the 1991 build, carries an indoor pool and hot tub but omits the yoga studio and media theatre room that Neon provides. For a renter prioritizing a dedicated yoga space, a games room, and a rooftop BBQ without paying for pool or spa infrastructure, Neon's package targets cost-conscious professionals and young households who value active social programming over aquatic luxury.