Vita Two on the Lake — Rental Market Data

Vita Two on the Lake has two active rental listings as of August 31, 2026, spanning a price range of $5,600 to $10,000 per month with an average asking rent of $7,800 and a median of $7,800. The average suite size across these two listings is 1,290 square feet at an average asking rate of $7.75 per square foot. Both active units sit in the upper bedroom tiers—one 2-Bedroom + Den and one 3-Bedroom+—meaning current inventory leans exclusively toward multi-bedroom executive layouts rather than compact entry-level suites.

The dominant active layout at Vita Two on the Lake is the 2-Bedroom + Den, with one listing representing 50 percent of available inventory at an asking rent of $5,600 per month. The 3-Bedroom+ tier also holds one listing at 50 percent share, priced at $10,000 per month across 1,290 square feet at $7.75 per square foot. Both tiers are single-listing samples, so no tier offers a multi-unit selection for renters comparing options within the building.

Vita Two on the Lake's two active listings span a $4,400 spread from a minimum entry rent of $5,600 per month to a peak asking rent of $10,000 per month, a 78.6 percent range. The median asking rent sits at $7,800 per month. The entry-level listing is a 2-Bedroom + Den at $5,600 per month, while the peak listing is a 3-Bedroom+ unit at 1,290 square feet and $7.75 per square foot; square footage and rate-per-square-foot data for the entry listing are not recorded in the current dataset.

Vita Two on the Lake's active den premium and the associated square-footage delta between den-equipped and non-den suites cannot be quantified from the current two-listing sample. Parking stall costs likewise cannot be reliably isolated, as the paired data set is flagged as an anomalous outlier or insufficient sample, and no verified monthly parking fee can be quoted for active listings.

Vita Two on the Lake's active asking rate of $7.75 per square foot sits 74.9 percent above the Mimico submarket asking benchmark of $4.43 per square foot, and the average asking rent of $7,800 per month compares to a submarket average of $3,313 per month. The nominal rent gap is driven by the building's active inventory consisting of large executive suites averaging 1,290 square feet, whereas the submarket average lease footprint is considerably smaller. Vita Two on the Lake accounts for 2 out of 51 active listings in the Mimico submarket, representing roughly 3.9 percent of total available inventory in the area.

Vita Two on the Lake's average realized lease rent of $2,654 per month sits $84 below the four-comp benchmark of $2,738, with the spread driven by suite size rather than rate weakness. Vita on the Lake at 70 Annie Craig Dr (0.04 km, 33 closed leases) averages $3,097 per month at $4.13 per square foot across 769 square feet, placing the subject $443 lower on a nominal basis. Ocean Club – Tower at 59 Annie Craig Dr (0.05 km, 15 closed leases) realizes $2,989 per month at $3.96 per square foot over 765 square feet, leaving the subject $335 below that mark. Ocean Club – Boutique at 60 Annie Craig Dr (0.06 km, 1 closed lease) records $2,500 per month at $3.33 per square foot across 750 square feet, meaning the subject commands $154 more despite a single-transaction sample. Jade Waterfront Condos at 33 Shore Breeze Dr (0.09 km, 7 closed leases) averages $2,364 per month at $3.92 per square foot over 606 square feet, with the subject trading $290 higher on a nominal basis.

Vita Two on the Lake leases at $4.45 per square foot across an average 613-square-foot suite, a rate 15.6 percent above the $3.84 comp benchmark and 12.6 percent above the Mimico submarket leased average of $3.96 per square foot. Against Vita on the Lake, the subject trades at a $0.32 per square foot (7.7 percent) premium while providing 156 fewer interior square feet; the $443 lower nominal rent is a footprint effect, not a discount in asset value. Ocean Club – Tower shows the same pattern: the subject commands a $0.49 per square foot (12.4 percent) premium over 152 fewer square feet, so the $335 rent gap reflects the smaller interior rather than weaker pricing power. Ocean Club – Boutique presents a steeper contrast at a $1.12 per square foot (33.6 percent) premium on 137 fewer square feet, though its single closed lease limits statistical weight. Jade Waterfront Condos is the one comp where the subject is both larger (7 more square feet) and higher in rate ($0.53 per square foot, 13.5 percent premium), confirming that Vita Two's pricing advantage holds even when the footprint edge disappears.

Vita Two on the Lake offers an 11-item amenity suite anchored by an indoor pool, sauna and steam room, yoga studio, gym, dining room and kitchen, garden and courtyard, pet wash station, and a car wash bay—features that collectively distinguish it from most immediate peers. The indoor pool is a genuine differentiator: Vita on the Lake pairs its indoor pool with an outdoor pool and rooftop terrace, while Jade Waterfront Condos offers only an outdoor pool plus a hot tub, jacuzzi, golf simulator, and cabanas. The subject's car wash bay appears nowhere in the Vita on the Lake or Ocean Club amenity lists (Jade shares that feature), and its dedicated garden and courtyard are absent from both Ocean Club towers and Jade. Conversely, the subject lacks the rooftop terrace, hot tub and jacuzzi, games and billiards room, media and theatre room, EV charging station, on-site restaurant, and free common-area WiFi that at least one competitor in this cluster provides. The package targets cost-conscious professionals and small households who prioritize a private indoor aquatic and wellness circuit, a functional dining and social kitchen, and practical conveniences like the car wash bay over the entertainment-heavy, rooftop-oriented lifestyle of the 2015–2018 cohort.