on Yonge — Rental Market Data

on Yonge has 6 active listings as of August 31, 2026, with asking rents ranging from $2,200 to $4,250 per month, an average of $2,783 per month, and a median of $2,625 per month. The average active suite measures 567 square feet at an asking rate of $4.47 per square foot. One-bedroom and two-bedroom layouts each hold 33.3 percent of the active pool, while the remaining 33.4 percent splits between a single one-bedroom-plus-den unit and a single three-bedroom-plus unit, indicating a balanced spread across entry-level and executive tiers rather than a concentration in compact studios.

One-bedroom and two-bedroom layouts are co-dominant at on Yonge, each accounting for 2 of the 6 active units or 33.3 percent of inventory. The one-bedroom tier averages $2,225 per month across 475 square feet at $4.80 per square foot, while the two-bedroom tier averages $2,725 per month across 650 square feet at $4.19 per square foot. The remaining two units are single listings: a one-bedroom-plus-den at $2,550 per month over 583 square feet ($4.37 per square foot) and a three-bedroom-plus unit at $4,250 per month with no recorded square footage.

on Yonge's active asking rents span from a $2,200 entry point to a $4,250 peak, a dollar spread of $2,050 or 93.2 percent. The median asking rent sits at $2,625 per month, anchoring the mid-range of the distribution. The entry-level suite is a one-bedroom at 400 square feet priced at $5.50 per square foot, while the peak listing is a three-bedroom-plus unit at $4,250 per month with no recorded square footage or per-square-foot rate.

on Yonge carries a verified active den premium of $325 per month for an additional 108 square feet of den space, translating to a marginal cost of $3.01 per square foot for the extra room. Verified parking stalls are available at $50 per month, a modest add-on that renters can budget into their monthly carrying cost.

on Yonge's active asking rent of $2,783 per month and $4.47 per square foot compare to the North York City Centre submarket averages of $2,600 per month and $4.46 per square foot, placing the building just 0.2 percent above the submarket asking rate per square foot. The nominal rent premium of $183 per month over the submarket average is largely explained by suite sizing: on Yonge's active units average 567 square feet, and the per-square-foot rate is essentially at market parity. The building represents 6 out of 16 available listings in the North York City Centre submarket, or 37.5 percent of current active inventory.

on Yonge's average realized lease rent of $2,483 per month sits $113 above the four-comp benchmark of $2,370, with the spread varying sharply by competitor. M2M at 7 Golden Lion Heights (0.1 km, 46 closed leases) realized $2,589 per month at $3.82 per square foot across 690 average square feet, meaning on Yonge trades at a monthly rent $106 lower than that nearest peer. Sedona Place at 5949 Yonge Street (0.24 km, 5 closed leases) closed at $2,390 per month, $2.56 per square foot, and 933 average square feet, placing on Yonge $93 higher in nominal rent. Hendon Park Towns at 15 Eldora Avenue (0.66 km, 1 closed lease) recorded $2,300 per month at $3.54 per square foot and 650 average square feet, with on Yonge commanding $183 more per month. Olive Residences at 36 Olive Avenue (0.78 km, 8 closed leases) realized $2,200 per month at $4.06 per square foot across 551 average square feet, making on Yonge's rent $283 higher than that comp.

on Yonge leases at $4.12 per square foot across 621 average square feet, a rate that commands a premium over every active competitor in this submarket while the overall comp benchmark sits at $3.50 per square foot and 706 average square feet. Against M2M, the subject trades at a $0.30 per square foot (7.9%) premium yet provides 69 fewer interior square feet, so the $106 lower nominal rent is driven entirely by the smaller footprint rather than a weaker asset valuation. Sedona Place presents the starkest contrast: on Yonge commands a $1.56 per square foot (60.9%) premium over the 1965 building while delivering 312 fewer square feet, reflecting a six-decade structural and systems gap that justifies the rate differential despite the compact suite. Hendon Park Towns shows a $0.58 per square foot (16.4%) premium with 29 fewer square feet, a modest footprint delta on a 2016 build. Olive Residences is the closest rate match at just a $0.06 per square foot (1.5%) premium, but on Yonge provides 70 more interior square feet, meaning the $283 higher monthly rent is largely a function of the larger suite rather than a meaningfully higher per-foot rate.

on Yonge fields a 15-item amenity program that includes an outdoor pool, sauna and steam room, yoga studio, media and theatre room, library and reading room, and a dedicated flex space—features that collectively outpace the older Sedona Place and the zero-amenity Hendon Park Towns while holding its own against the two 2024–2025 peers. M2M at 7 Golden Lion Heights overlaps heavily but adds a business centre, shared laundry room, BBQ area, garden and courtyard, and an indoor kids' play room that on Yonge does not offer; conversely, on Yonge's library and reading room and flex space are absent from M2M's list. Olive Residences at 36 Olive Avenue differentiates with a golf simulator, pizza oven, and indoor kids' play room, while on Yonge counters with the outdoor pool, sauna and steam room, media and theatre room, and pet wash station that Olive lacks. Sedona Place, built in 1965, offers only eight basic amenities with no pool, no wellness suite, and no children's outdoor play area, and Hendon Park Towns provides no common lifestyle or recreational facilities whatsoever, operating as a no-frills residential building. The lifestyle package at on Yonge best serves young professionals and small families in the North York City Centre who want resort-style aquatic and wellness access, remote-work meeting space, and pet-friendly infrastructure without the trade-offs of a 1960s or 2016-era building.