King's Terrace — Rental Market Data

King's Terrace's average realized lease rent of $1,925 per month sits $506 below the overall comp benchmark of $2,431, reflecting a consistent pricing discount across every active competitor in the immediate area. The Mansions of Humberwood II at 700 Humberwood Blvd (0.77 km, 10 closed leases) averages $2,577 per month at $3.23 per square foot across 808 square feet, placing the subject $652 lower on a monthly basis. The Mansions of Humberwood I at 710 Humberwood Blvd (0.78 km, 15 closed leases) averages $2,483 per month at $3.08 per square foot across 822 square feet, with the subject trading $558 below that figure. The Lexington at 840 Queens Plate Dr (1.29 km, 15 closed leases) averages $2,233 per month at $3.53 per square foot across 639 square feet, leaving the subject $308 lower. Riverpark at 600 Rexdale Blvd (1.05 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for direct comparison.

King's Terrace leases at $2.96 per square foot across an average 650-square-foot suite, trading at a discount below every active competitor on a per-square-foot basis while offering a mid-range interior footprint in the Etobicoke North pocket. Against The Mansions of Humberwood II ($3.23 per square foot, 808 sq ft), the subject trades at a $0.27-per-square-foot (8.4%) discount and provides 158 fewer interior square feet, meaning the lower monthly rent is driven by both a smaller footprint and a genuinely lower rate. The Mansions of Humberwood I ($3.08 per square foot, 822 sq ft) presents a similar dynamic: the subject trades at a $0.12-per-square-foot (3.9%) discount with 172 fewer square feet. The Lexington ($3.53 per square foot, 639 sq ft) inverts the size relationship—the subject provides 11 more interior square feet yet still trades at a $0.57-per-square-foot (16.1%) discount—indicating that the rate gap here is purely a valuation differential rather than a footprint trade-off. In every active comparison, the nominal rent variance at King's Terrace reflects a combination of the building's 1992 construction era and a structurally lower per-square-foot rate, not simply a smaller unit.

King's Terrace offers a full-service lifestyle package including an indoor pool, hot tub and jacuzzi, sauna and steam room, gym and fitness centre, meeting room, games and billiards room, BBQ area, concierge and security, and a pet wash station—positioning it as a mid-range amenity building that outperforms The Lexington on nearly every recreational front while trailing the Mansions pair on court-sport and outdoor features. The Lexington at 840 Queens Plate Dr provides only concierge and security, a gym, a meeting room, and a party lounge, leaving the subject's indoor pool, hot tub, sauna, games room, BBQ area, and pet wash station as clear differentiators for renters seeking on-site recreation. Against The Mansions of Humberwood I and II, the subject lacks tennis and pickleball courts, a car wash bay, and (in the case of Mansions II) a garden and courtyard, but distinguishes itself with a dedicated pet wash station absent from both Mansions buildings. Riverpark, while sharing the pet wash station, offers an outdoor pool rather than the subject's indoor pool and jacuzzi combination. The building's amenity mix best serves cost-conscious professionals and small households who want a full indoor wellness and social package—pool, sauna, gym, meeting space—without paying the premium attached to the newer Mansions or Lexington properties, and who value a pet-friendly environment with on-site grooming access.