Markham Place II — Rental Market Data

Markham Place II has one active listing as of August 31, 2026, asking $2,800 per month with both the average and median rent at $2,800. The available suite spans 1,100 square feet at an asking rate of $2.55 per square foot, and the 100 percent layout share belongs to a two-bedroom-plus-den configuration. This single listing represents a distinctly larger, executive-tier footprint compared to the compact one-bedroom units that characterized the building's recent leasing history.

The sole active layout at Markham Place II is a two-bedroom-plus-den unit, accounting for 100 percent of available inventory with one listing. That single suite asks $2,800 per month across 1,100 square feet, translating to $2.55 per square foot. No one-bedroom, standard two-bedroom, or three-bedroom units are currently on the market, so renters seeking other bedroom tiers must look outside this building.

Markham Place II's active pricing spread is effectively zero, with both the minimum and maximum asking rent at $2,800 per month for the single available unit. The median asking rent also sits at $2,800, and the entry-level suite is a 1,100-square-foot two-bedroom-plus-den at $2.55 per square foot. Because only one unit is listed, there is no peak-versus-entry contrast to evaluate within the building's current inventory.

Markham Place II cannot currently quantify a den premium or marginal cost per square foot for additional den space, as the single active listing already includes the den within its 1,100-square-foot footprint and no paired comparison unit is available. Active parking stall premiums also cannot be reliably isolated from the available data, so renters should confirm parking costs directly with the leasing office before signing a lease.

Markham Place II's active asking rent of $2,800 per month exceeds the Scarborough East submarket average of $2,397, but the $2.55-per-square-foot rate actually trades 18.8 percent below the submarket asking benchmark of $3.14 per square foot. The higher nominal rent is driven entirely by the active suite's 1,100-square-foot footprint, which is 337 square feet larger than the submarket implied average of 763 square feet. The building holds one out of 30 available listings in the Scarborough East submarket, representing a 3.3 percent share of total active inventory.

Markham Place II's average realized lease rent of $2,075 per month sits $116 below the four-comp benchmark of $2,191, with the gap driven primarily by the building's smaller average suite footprint rather than a discount in per-square-foot pricing. Markham Place I at 8 Rosebank Dr (0.05 km, two closed leases) averaged $2,238 per month at $3.23 per square foot over 700 square feet, placing the subject $163 lower in nominal rent. First Home Markham Sheppard – Building C at 20 Orchid Place Dr (0.06 km, one closed lease) averaged $2,125 per month at $3.27 per square foot over 650 square feet, a $50 gap. First Home Markham Sheppard – Building B at 5131 Sheppard Ave E (0.14 km, four closed leases) averaged $2,250 per month at $2.99 per square foot over 763 square feet, the widest spread at $175 below the subject. First Home Markham Sheppard – Building A at 5155 Sheppard Ave E (0.14 km, one closed lease) averaged $2,150 per month at $3.91 per square foot over 550 square feet, a $75 difference. All four competitors recorded at least one closed lease in the trailing 180-day window, so each provides a realized pricing reference rather than a listing-only data point.

Markham Place II leases at $3.77 per square foot over an average 550-square-foot suite, a rate that exceeds the four-comp benchmark of $3.35 per square foot while delivering 116 fewer square feet than the comp mean of 666. Against Markham Place I, the subject trades at a $0.54 per square foot (16.7%) premium while providing 150 fewer interior square feet, so the $163 lower monthly rent reflects the smaller footprint rather than weaker per-unit pricing. Versus First Home Markham Sheppard – Building C, the subject commands a $0.50 per square foot (15.3%) premium with 100 fewer square feet, producing a $50 nominal rent gap. The steepest per-square-foot premium appears against Building B, where the subject trades at a $0.78 per square foot (26.1%) premium over 213 fewer square feet, yet still realizes $175 less per month because the 763-square-foot suite absorbs the higher rate. The one exception is Building A, where the subject trades at a $0.14 per square foot (3.6%) discount with identical 550-square-foot average sizing, making it the only direct like-for-like comparison in which the subject's per-square-foot rate is genuinely lower. Across the pocket, the consistent pattern is that Markham Place II's lower nominal rent is a square-footage effect, not a valuation discount.

Markham Place II offers a seven-item amenity package—Concierge & Security, Party & Lounge Room, Meeting Room, Gym & Fitness Centre, Games & Billiards Room, Media & Theatre Room, and EV Charging Station—that skews toward social and remote-work programming rather than the outdoor and family-oriented features dominant at the 2021 First Home buildings. The subject's EV Charging Station is absent from all four competitors, and its Games & Billiards Room plus Media & Theatre Room combination does not appear at any of the First Home Markham Sheppard buildings, which instead emphasize Yoga Studios, Dining Rooms & Kitchens, Children's Playgrounds, Kids' Play Rooms, and Greenhouses. Markham Place I shares the closest amenity overlap with the subject, including the same concierge, gym, party room, media room, games room, and meeting room, but adds a BBQ Area that the subject lacks. The First Home cohort's outdoor courtyards, greenhouses, and dedicated children's facilities position them toward families with young children, whereas Markham Place II's indoor social and professional programming—meeting room, billiards, theatre room, and EV charging—best serves working professionals and remote workers who value on-site collaboration space, recreational variety, and vehicle-infrastructure convenience over outdoor play areas.