The Code — Rental Market Data

The Code at 6 Parkwood Ave has one active listing as of August 31, 2026, asking $2,200 per month with a single-unit price range and median of $2,200. The available suite spans 550 square feet at $4.00 per square foot. This one-bedroom represents 100 percent of active inventory, positioning the building's current availability squarely in the compact entry-level tier rather than multi-bedroom executive layouts.

The sole active listing at The Code is a one-bedroom unit, accounting for 100 percent of available inventory. That single suite asks $2,200 per month for 550 square feet at $4.00 per square foot. No two-bedroom or larger configurations are currently on the market, making this a single-listing sample with no cross-tier comparison possible.

The Code's active pricing spread is $0, with both the minimum and peak asking rent at $2,200 per month, reflecting a single-listing inventory. The entry-level and peak suite are the same one-bedroom unit at 550 square feet and $4.00 per square foot. With only one unit available, no meaningful spread analysis applies, and renters should reference the 90-day realized average of $3,100 per month for broader context.

Den premium and parking costs at The Code cannot be reliably quantified from the current active sample. The single-listing inventory does not support a paired den-versus-no-den comparison, leaving marginal cost per square foot for extra den space uncalculated. Parking premium data is likewise inconclusive due to insufficient paired samples, and no verified parking stall cost can be quoted for this building.

The Code's active asking rate of $4.00 per square foot sits 13.8 percent below the South Midtown asking benchmark of $4.64 per square foot, while the nominal $2,200 monthly rent compares to a submarket average asking rent of $4,012. The substantial nominal gap is driven by the active suite's 550-square-foot footprint being considerably more compact than the submarket's typical listing size. The building holds one out of 52 available listings in South Midtown, representing roughly 1.9 percent of the submarket's active inventory.

The Code's average realized lease rent of $2,888 per month runs $788 (37.5%) above the overall comp benchmark of $2,100, a spread driven entirely by its single active peer, The Churchill at 342 Spadina Rd (0.14 km), which closed one lease at $2,100 per month, $3.82 per square foot, and 550 square feet over the past 180 days. Churchill Park Condominiums (336 Spadina Rd, 0.17 km), 425 Walmer (425 Walmer Rd, 0.19 km), and Winston Place (349 St Clair Ave W, 0.21 km) each recorded zero closed leases in the trailing six months and therefore carry no realized rent, per-square-foot rate, or suite-size benchmark to compare against. The subject's premium over The Churchill reflects both a larger interior footprint and a higher rate per square foot, not a simple markup on an identical unit.

The Code leases at $4.28 per square foot for an average 675-square-foot suite, commanding a $0.46 per square foot (12.0%) premium over The Churchill's $3.82 per square foot while delivering 125 more interior square feet than that 1986-era competitor. A renter choosing The Code over The Churchill pays $788 more per month, but that differential is split between the larger 675-square-foot footprint and the higher per-square-foot rate, meaning the subject is not merely a bigger unit—it is also priced at a premium on space efficiency. Against the South Midtown submarket average of $4.42 per square foot, the subject's $4.28 rate sits 1.6% below the broader area benchmark, offering a slight value cushion on unit economics even as it outpaces its immediate 0.14-km neighbour. The three zero-transaction comparables—Churchill Park Condominiums, 425 Walmer, and Winston Place—recorded no closed leases in the trailing 180 days and serve only as architectural references; they provide no active pricing data against which to benchmark the subject's per-square-foot rate or suite size.

The Code's nine-amenity package—including a Media & Theatre Room, Pet Wash Station, Rooftop Terrace, Garden & Courtyard, Games & Billiards Room, and Meeting Room—gives it a broader lifestyle footprint than any single competitor in this 200-metre radius. The Churchill (342 Spadina Rd) offers a comparable core of concierge, gym, party room, meeting room, and billiards but adds an EV Charging Station that the subject does not list, while lacking the Media & Theatre Room, Rooftop Terrace, Garden & Courtyard, and Pet Wash Station found at The Code. Churchill Park Condominiums (336 Spadina Rd) differentiates with a Yoga Studio, Sauna & Steam Room, Massage Rooms, and a full Dining Room & Kitchen—wellness and hospitality features absent from the subject's roster. 425 Walmer (425 Walmer Rd) shares the Rooftop Terrace and Garden & Courtyard but adds a BBQ Area and Library & Reading Room the subject does not carry, while Winston Place (349 St Clair Ave W) leans on a Sauna & Steam Room and BBQ Area that The Code omits. The subject's signature differentiators—the dedicated Media & Theatre Room and the Pet Wash Station—appear in no competitor's amenity list, making the building best suited to young professionals and pet-owning renters who want a social, entertainment-forward common area without the spa-and-sauna wellness focus of the 2011-era Churchill Park or the 1977-era Winston Place.