Ocean Club - Tower — Rental Market Data

Ocean Club – Tower holds three active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,750 per month, an average of $2,533 and a median of $2,650. The average suite measures 542 square feet at an asking rate of $4.77 per square foot. Inventory is dominated by one-bedroom layouts at 66.7 percent of available units, leaning toward compact entry-level suites rather than multi-bedroom executive configurations.

The dominant active layout at Ocean Club – Tower is the one-bedroom, with two listings representing 66.7 percent of current inventory at an average asking rent of $2,475 per month across 500 square feet and a rate of $5.04 per square foot. The one-bedroom-plus-den tier accounts for the remaining 33.3 percent as a single listing priced at $2,650 per month over 625 square feet at $4.24 per square foot. No two-bedroom or larger units are currently available in the building.

Ocean Club – Tower's active availability spans a $550 spread from a minimum entry rent of $2,200 to a peak asking rent of $2,750 per month, a 25 percent range. The median asking rent sits at $2,650 per month. The entry-level suite is a 400-square-foot one-bedroom at $5.50 per square foot, while the peak listing is a 600-square-foot one-bedroom at $4.58 per square foot, illustrating that the higher-priced unit offers substantially more floor area at a lower per-square-foot rate.

Ocean Club – Tower carries an active den premium of $175 per month for an additional 125 square feet of flexible space, equating to a marginal cost of $1.40 per square foot for the den addition. Active parking premium data is inconclusive due to insufficient paired samples, and no verified parking stall cost can be reliably isolated from current listings or historical lease records.

Ocean Club – Tower's average asking rent of $2,533 per month sits below the Mimico submarket asking benchmark of $3,313, yet the building's $4.77 per square foot rate exceeds the submarket's $4.43 per square foot by 7.7 percent. The lower monthly outlay is driven by more compact suite sizing—averaging 542 square feet versus the larger implied footprints in the broader submarket—rather than cheaper unit pricing. The building represents three of the 51 active listings currently available across the Mimico submarket.

Ocean Club – Tower's all-time average closed-lease rent of $3,017 per month sits just above the four-comp average of $3,014 and below the submarket lease benchmark of $2,896, placing it in the upper-middle tier of the Mimico cluster. Vita on the Lake at 70 Annie Craig Dr (0.08 km) recorded an average closed-lease rent of $3,097 per month at $4.13 per square foot on 769 square feet, making it the closest rent benchmark. Riva del Lago at 110 Marine Parade Dr (0.05 km) commands the highest average at $3,806 per month and $3.84 per square foot on 991 square feet, reflecting its premium suite sizes. Vita Two on the Lake at 65 Annie Craig Dr (0.05 km) closed at an average of $2,654 per month and $4.45 per square foot on 613 square feet, while Ocean Club – Boutique at 60 Annie Craig Dr (0.07 km) averaged $2,500 per month and $3.33 per square foot on 750 square feet.

Ocean Club – Tower leases at an average of $3.94 per square foot on 775 square feet, positioning it at a slight discount to the two 2022 Vita buildings and a modest premium over Riva del Lago and the Boutique within the Mimico submarket benchmark of $3.96 per square foot. Against Vita Two on the Lake, the subject offers 162 additional square feet of interior space while trading at a $0.51 per square foot discount, meaning renters gain meaningful floor area without paying a higher rate per foot. Compared with Riva del Lago, the subject provides 216 fewer square feet but commands a $0.10 per square foot premium, so tenants trade some space for a slightly higher per-foot cost in exchange for the 2015 building's resort-style amenity suite. Versus Vita on the Lake, the subject adds six square feet at a $0.19 per square foot discount, and against Ocean Club – Boutique it offers 25 more square feet at a $0.61 per square foot premium. The net effect is that Ocean Club – Tower delivers a mid-range per-foot rate with above-average interior space relative to the three smaller competitors, while remaining below Riva del Lago in both size and absolute rent.

Ocean Club – Tower at 59 Annie Craig Dr offers a full-service, resort-style amenity profile that distinguishes it from all four nearby competitors through its on-site restaurant, hot tub and jacuzzi, media and theatre room, games and billiards room, and complimentary WiFi in common areas. The on-site restaurant is absent from every comparable building, giving the subject a dining convenience that Vita Two on the Lake, Riva del Lago, Ocean Club – Boutique, and Vita on the Lake simply do not match. The hot tub and jacuzzi are missing from both Vita properties, while the media and theatre room and games and billiards room are likewise unavailable at Vita Two on the Lake and Vita on the Lake. Free WiFi in common areas is a feature none of the four competitors list, adding a practical connectivity layer to the building's shared spaces. Together, these five signature amenities serve a tenant demographic of young professionals and small households who prioritise an all-in-one lifestyle package—on-site dining, wellness, entertainment, and connectivity—without needing to leave the building for everyday social and recreational needs.