The Berwick — Rental Market Data

The Berwick's average realized lease rent of $2,620 per month sits $115 below the four-comp blended benchmark of $2,735, with individual spreads ranging from $630 lower than Uovo Boutique Residences to $161 higher than Art Shoppe Lofts + Condos. Uovo Boutique Residences at 1 Hillsdale Avenue W (0.15 km, 4 closed leases) averaged $3,250 per month at $4.26 per square foot across 763 square feet, placing The Berwick $630 below that mark. The Davisville at 8 Manor Rd W (0.2 km, 8 closed leases) averaged $2,503 per month at $4.23 per square foot over 593 square feet, meaning The Berwick commands $117 more per month. Art Shoppe Lofts + Condos at 5 Hillsdale Ave (0.2 km, 32 closed leases) averaged $2,459 per month at $4.39 per square foot across 570 square feet, with The Berwick realizing $161 higher. Quantum 1 – The South Tower at 2181 Yonge St (0.2 km, 8 closed leases) averaged $2,728 per month at $3.75 per square foot over 738 square feet, placing The Berwick $108 below that figure.

The Berwick leases at $3.96 per square foot with an average 690-square-foot suite, trading at a discount below three of four active nearby competitors on a per-foot basis while delivering more interior space than two of them. Against The Davisville (8 closed leases, $4.23 per square foot, 593 sq ft), The Berwick trades at a $0.27 per square foot (6.4%) discount and provides 97 more interior square feet, so the $117 higher monthly rent is driven entirely by the larger footprint at a lower per-foot rate. Against Art Shoppe Lofts + Condos (32 closed leases, $4.39 per square foot, 570 sq ft), The Berwick offers a $0.43 per square foot (9.8%) discount and 120 more interior square feet, again with the $161 higher nominal rent explained by the expanded living area. Against Uovo Boutique Residences (4 closed leases, $4.26 per square foot, 763 sq ft), The Berwick trades at a $0.30 per square foot (7.0%) discount but provides 73 fewer interior square feet, resulting in a $630 lower monthly rent. Against Quantum 1 – The South Tower (8 closed leases, $3.75 per square foot, 738 sq ft), The Berwick commands a $0.21 per square foot (5.6%) premium while providing 48 fewer interior square feet, yielding a $108 lower monthly rent.

The Berwick's amenity package centers on a demonstration kitchen, sauna and steam room, library and reading room, and meeting room—features that collectively differentiate it from at least two of its four immediate competitors. The demonstration kitchen is the single amenity absent from all four nearby buildings (Uovo Boutique Residences, The Davisville, Art Shoppe Lofts + Condos, and Quantum 1 – The South Tower), giving The Berwick a genuine culinary-lifestyle differentiator no peer matches. The sauna and steam room, present at The Berwick, are missing from both Uovo Boutique Residences and The Davisville, though Art Shoppe and Quantum 1 do offer them alongside their indoor pools and hot tubs. The library and reading room at The Berwick is absent from The Davisville and Quantum 1, while the meeting room is not offered at Uovo Boutique Residences. What The Berwick does not carry—indoor or outdoor pools, juice bars, wine tasting rooms, kids' play rooms, or car wash bays—appears across Art Shoppe Lofts + Condos and Quantum 1, signaling that those buildings target a broader family-and-resort lifestyle. The Berwick's package best serves professional tenants and small households who prioritize a quiet, wellness-oriented environment with a demonstration kitchen for social cooking, a sauna for recovery, and a dedicated meeting room for remote work, over the pool-and-playground amenity sets found at the larger-format competitors.