The Monet — Rental Market Data

The Monet at 60 Byng Ave has four active listings as of August 31, 2026, with asking rents ranging from $2,100 to $2,450 per month, an average of $2,313, and a median of $2,350. The average active suite measures 563 square feet at an asking rate of $4.26 per square foot. Inventory is evenly split between one-bedroom and one-bedroom-plus-den layouts, each representing 50 percent of available units, placing the building squarely in the compact entry-level to mid-size one-bedroom segment rather than multi-bedroom executive territory.

The dominant active layout at The Monet is the one-bedroom, with two units representing 50 percent of available inventory at an average asking rent of $2,200 per month across 475 square feet and a rate of $4.78 per square foot. The one-bedroom-plus-den tier also holds two units at 50 percent share, averaging $2,425 per month over 650 square feet at $3.73 per square foot. Both tiers carry a small selection sample of two units each, so renters should expect limited choice within any single bedroom category.

The Monet's four active listings span a $350 spread from a minimum entry rent of $2,100 to a peak asking rent of $2,450 per month, a 16.7 percent range. The median asking rent sits at $2,350 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $3.82 per square foot, while the peak listing is a one-bedroom-plus-den at 650 square feet asking $3.77 per square foot, meaning the larger den unit actually carries a lower rate per square foot despite the higher nominal rent.

The Monet's active den premium is quantified at $225 per month for an additional 175 square feet of space, translating to a marginal cost of $1.29 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the current listing sample due to insufficient paired data or anomalous outliers, so renters should request individual parking quotes directly from the leasing office rather than relying on a standardized add-on figure.

The Monet's active asking rent of $2,313 per month and $4.26 per square foot compare to the North York City Centre submarket averages of $2,753 per month and $3.84 per square foot, placing the building's nominal rent below the submarket but its rate per square foot 10.9 percent above. The lower monthly figure is driven by the building's more compact average footprint of 563 square feet versus the submarket's broader suite mix, not by a discount in per-square-foot pricing. The Monet represents four out of 216 active listings in the North York City Centre submarket, or roughly 1.9 percent of total available inventory.

The Monet's average realized lease rent of $2,359 per month sits $109 below the four-comp benchmark of $2,468, with the spread varying by competitor. Monaco (28 Byng Ave, 0.06 km, 3 closed leases) averaged $2,383 per month at $2.74 per square foot over 883 square feet, placing The Monet $24 lower in nominal rent. Azura (15 Holmes Ave, 0.1 km, 36 closed leases) averaged $2,420 per month at $4.21 per square foot over 598 square feet, with The Monet trading $61 below. Grand Triomphe II (500 Doris Ave, 0.14 km, 6 closed leases) posted the highest comp rent at $2,722 per month, $3.48 per square foot over 783 square feet—$363 above The Monet's realized rate. Mona Lisa Residences (18 Holmes Ave, 0.14 km, 5 closed leases) averaged $2,346 per month at $3.63 per square foot over 659 square feet, the only comp where The Monet's rent runs $13 higher.

The Monet leases at $3.71 per square foot over an average 643-square-foot footprint, a rate that sits above the four-comp average of $3.52 per square foot but below the submarket benchmark of $3.75 per square foot, while its suite size trails the comp mean of 731 square feet by 88 square feet. Against Monaco, The Monet commands a $0.97 per square foot (35.4%) premium yet provides 240 fewer interior square feet, meaning the $24 lower nominal rent is a footprint effect rather than a valuation discount. Versus Azura, The Monet trades at a $0.50 per square foot (11.9%) discount and delivers 45 more interior square feet, so the $61 lower monthly rent reflects both a more competitive per-foot rate and a larger unit. Grand Triomphe II shows the widest gap: The Monet commands a $0.23 per square foot (6.6%) premium but provides 140 fewer square feet, and the $363 lower nominal rent is almost entirely a function of the smaller interior area. Mona Lisa Residences presents the tightest comparison—The Monet carries a $0.08 per square foot (2.2%) premium with 16 fewer square feet, and the $13 higher rent is the only instance where the subject out-earns a nearby peer.

The Monet's 16-amenity package—including an indoor pool, hot tub and jacuzzi, massage room, his-and-hers change rooms, and a dedicated library and reading room—positions it as the most wellness- and lifestyle-oriented building in this immediate Byng/Holmes pocket. Monaco (28 Byng Ave) offers a pool and sauna but lacks a hot tub, massage room, business centre, media room, games room, dining room, BBQ area, rooftop terrace, and the subject's signature his-and-hers change rooms and library. Azura (15 Holmes Ave) pivots toward recreation with a golf simulator, yoga studio, kids' play room, and pet wash station, yet provides no indoor pool, hot tub, sauna, massage room, or library. Grand Triomphe II (500 Doris Ave) matches the pool and sauna but omits the hot tub, massage room, business centre, dining room, and the subject's change rooms and reading library. Mona Lisa Residences (18 Holmes Ave) is the closest amenity match with a pool, hot tub, sauna, massage room, and business centre, but still lacks the his-and-hers change rooms and dedicated library that distinguish The Monet. This package best serves professionals and couples who prioritize aquatic wellness, private relaxation, and on-site social or remote-work spaces over the recreation-heavy or family-oriented profiles of Azura and Grand Triomphe II.