Sedona Place — Rental Market Data

Sedona Place at 5949 Yonge Street has two active listings as of August 31, 2026, with asking rents ranging from $2,050 to $2,800 per month, an average of $2,425, and a median of $2,425. The average suite size across both listings is 800 square feet at an asking rate of $3.05 per square foot. Inventory splits evenly between a one-bedroom and a two-bedroom unit, meaning the building offers no multi-unit depth in either tier and no compact studio or executive multi-bedroom options are currently available.

The dominant active layout at Sedona Place is the one-bedroom tier, with one listing representing 50 percent of available inventory at an average asking rent of $2,050 per month, 650 square feet, and $3.15 per square foot. The two-bedroom tier holds the remaining 50 percent with a single listing at $2,800 per month, 950 square feet, and $2.95 per square foot. Both tiers are single-listing samples, so renters should treat pricing as indicative of individual unit positioning rather than a tier-wide market rate.

Sedona Place shows a minimum entry rent of $2,050 per month and a peak asking rent of $2,800 per month, producing a dollar spread of $750 and a percentage spread of 36.6 percent. The median asking rent sits at $2,425 per month, anchored by the two available units. The entry-level suite is a one-bedroom at 650 square feet and $3.15 per square foot, while the peak offering is a two-bedroom at 950 square feet and $2.95 per square foot, meaning the larger unit commands a higher total rent but a lower rate per square foot.

Sedona Place does not have a quantified den premium or den square-footage delta in its active inventory, so the marginal cost of additional den space cannot be isolated from current listings. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample, and no verified parking add-on cost can be quoted for either of the two available units.

Sedona Place asks an average of $2,425 per month at $3.05 per square foot, compared to the North York City Centre submarket asking benchmark of $2,742 per month and $3.88 per square foot. The building trades 21.4 percent below the submarket asking rate per square foot, and its active suites average 800 square feet, which is 93 square feet larger than the submarket implied average of 707 square feet, so the lower nominal rent reflects both a more generous footprint and a below-market rate per square foot. Sedona Place represents two out of 232 available listings in the submarket, a 0.9 percent share of total active inventory.

Sedona Place's all-time average realized lease rent of $2,338 per month sits $87 below the four-comparable benchmark of $2,425 per month, with the spread driven by a mix of one older peer trading lower and three newer buildings pricing higher. Elite Condominiums on Yonge (5940 Yonge St, 0.09 km, 2 closed leases) averaged $2,025 per month at $3.53 per square foot across 575-square-foot suites, meaning Sedona Place commands a $313-per-month higher realized rent than this 2006-built competitor. M2M (7 Golden Lion Heights, 0.23 km, 46 closed leases) averaged $2,589 per month at $3.82 per square foot over 690 square feet, placing Sedona Place $251 per month below that benchmark. on Yonge (5858 Yonge Street, 0.24 km, 67 closed leases) realized $2,506 per month at $4.22 per square foot across 614 square feet, with Sedona Place trading $168 per month lower. M2M Condos (8 Olympic Garden Dr, 0.31 km, 49 closed leases) averaged $2,581 per month at $3.79 per square foot over 695 square feet, leaving Sedona Place $243 per month below that figure. All four comparables recorded active lease transactions over the trailing 180 days, so each provides a realized pricing benchmark rather than a listing-only reference.

Sedona Place leases at $2.51 per square foot across an average 929-square-foot suite, trading at a discount below every active nearby competitor on a per-square-foot basis while delivering materially more interior space. Against M2M (7 Golden Lion Heights, 0.23 km), the subject offers a $1.31-per-square-foot discount and 239 additional square feet of living area, yet the total monthly rent is $251 lower than M2M's $2,589 average. Versus on Yonge (5858 Yonge Street, 0.24 km), Sedona Place trades at a $1.71-per-square-foot discount with 315 more square feet, and the nominal rent is $168 below that building's $2,506 average. M2M Condos (8 Olympic Garden Dr, 0.31 km) shows a similar pattern: a $1.28-per-square-foot discount, 234 additional square feet, and a $243-per-month lower rent than its $2,581 average. The one exception is Elite Condominiums on Yonge (5940 Yonge St, 0.09 km), where Sedona Place's larger 929-square-foot footprint pushes the total rent $313 above Elite's $2,025 despite a $1.02-per-square-foot rate discount. In every case the nominal rent variance is driven by the building's expansive suite footprint rather than a premium in asset valuation per unit of space.

Sedona Place offers a mid-tier lifestyle package—concierge and security, gym and fitness centre, party and lounge room, meeting room, BBQ area, rooftop terrace, garden and courtyard, and shared laundry—that falls short of the wellness-and-recreation complexes at its 2024-to-2025 neighbours but retains outdoor-living features those newer buildings omit. The subject's BBQ area, rooftop terrace, and garden and courtyard are absent from both M2M (7 Golden Lion Heights) and on Yonge (5858 Yonge Street), giving Sedona Place a distinct outdoor-entertainment edge for renters who cook and socialize al fresco. Conversely, the 2024-and-2025 cohort delivers amenities Sedona Place does not carry: outdoor pools, sauna and steam rooms, yoga studios, media and theatre rooms, games and billiards rooms, business centres, dining rooms, children's playgrounds, indoor kids' play rooms, pet wash stations, EV charging, and daycare facilities. Elite Condominiums on Yonge (5940 Yonge St) is the closest peer in scope, offering concierge, party room, meeting room, and a pet wash station but no gym, BBQ, rooftop terrace, or garden. The building's lifestyle package best serves cost-conscious professionals and small families who prioritize a larger interior footprint, quiet courtyard access, and outdoor entertaining over pool-and-spa wellness infrastructure, and who are comfortable in a 1965-built structure in exchange for lower per-square-foot costs and a more residential, low-key common-area environment.