U Condominiums - West Tower — Rental Market Data

U Condominiums – West Tower has four active listings as of August 31, 2026, spanning $2,150 to $4,380 per month with an average asking rent of $3,515 and a median of $3,765. The average suite size across active inventory is 594 square feet at an asking rate of $6.02 per square foot. No single layout dominates; all four bedroom tiers—Studio, 1-Bedroom, 1-Bedroom + Den, and 2-Bedroom—hold one listing each at 25 percent share, so the pool is evenly distributed rather than skewed toward compact entry-level or multi-bedroom executive units.

No single layout holds a majority; the four active units split evenly at 25 percent each across Studio, 1-Bedroom, 1-Bedroom + Den, and 2-Bedroom tiers. The Studio (500 sq ft) asks $2,150 at $4.30 per square foot, the 1-Bedroom (827 sq ft) asks $4,380 at $5.30 per square foot, the 1-Bedroom + Den (550 sq ft) asks $3,180 at $5.78 per square foot, and the 2-Bedroom (500 sq ft) asks $4,350 at $8.70 per square foot. Each tier is a single listing, so renters comparing options within a bedroom category will find only one available unit per type.

U Condominiums – West Tower's four active listings span a $2,230 spread, from a $2,150 entry point to a $4,380 peak, a 103.7 percent range. The median asking rent sits at $3,765 per month. The entry-level suite is a 500-square-foot Studio asking $2,150 at $4.30 per square foot, while the peak listing is an 827-square-foot 1-Bedroom at $4,380 and $5.30 per square foot.

U Condominiums – West Tower's active den premium cannot be reliably quantified; the 1-Bedroom + Den listing at $3,180 for 550 square feet actually asks $1,200 less than the 1-Bedroom at $4,380 for 827 square feet, and the marginal cost per additional square foot of den space is not calculable from this sample. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, so no verified monthly parking figure can be quoted for current listings.

U Condominiums – West Tower's active asking average of $3,515 per month and $6.02 per square foot sits above the Downtown Core submarket asking benchmark of $3,471 per month and $4.56 per square foot, a 32 percent rate premium per square foot. The nominal monthly rent is only marginally higher than the submarket average, but the building's 594-square-foot average footprint is more compact than the submarket norm, which compresses the dollar-per-square-foot comparison upward. The building holds four out of 224 active listings in the Downtown Core, representing roughly 1.8 percent of total submarket inventory.

U Condominiums – West Tower's one-year average realized lease rent of $3,177 per month runs $283 above the four-comparable benchmark of $2,894, with the two active peers—U Condominiums – East Tower (1080 Bay St, 0.06 km) and elev'n21 (1121 Bay St, 0.12 km)—anchoring the spread. East Tower, which closed 58 leases in the trailing 180 days, averages $3,009 per month at $4.80 per square foot across 632 square feet of space; the subject commands a $168-per-month higher rent than that twin-tower neighbour. elev'n21, with 7 closed leases, averages $2,779 per month at $4.83 per square foot over 586 square feet, placing the subject $398 per month above that 2003-era building. Seventy Seven Charles (77 Charles St W, 0.11 km) and 1132 Bay (1132 Bay St, 0.13 km) each recorded zero closed leases over the past 180 days, so neither provides a realized rent figure against which to benchmark the subject.

U Condominiums – West Tower leases at $4.82 per square foot with an average suite of 668 square feet, positioning it at the comp-set rate average but at the top of the size range in this 130-metre radius. Against U Condominiums – East Tower, the subject commands a $0.02 per square foot (0.4%) premium while also providing 36 more interior square feet, so the $168 monthly rent gap reflects both a modest rate premium and a genuinely larger footprint rather than pure valuation uplift. Against elev'n21, the trade-off inverts: the subject trades at a $0.01 per square foot (0.2%) discount below that 2003 building's $4.83 per square foot rate, yet still carries a $398-per-month higher nominal rent because it delivers 82 additional square feet of interior space. In both active comparisons, the subject's larger suite size is the primary driver of the higher monthly figure, not a per-square-foot valuation premium over the older stock.

U Condominiums – West Tower fields a 12-item amenity suite spanning wellness, social, and remote-work themes, placing it in the upper tier of lifestyle offerings in this immediate Bay Street cluster. The building's Yoga Studio, Library & Reading Room, and Garden & Courtyard are absent from elev'n21, while its Dining Room & Kitchen and Games & Billiards Room match that 2003 peer's social package. Against its own twin, U Condominiums – East Tower, the West Tower lacks the Indoor Pool and BBQ Area that the East Tower provides, a meaningful gap for tenants who prioritize aquatic recreation. Seventy Seven Charles and 1132 Bay, both zero-transaction references, offer thinner amenity rosters—Seventy Seven Charles leans on a Car Wash Bay and Lifestyle Assistant, while 1132 Bay highlights an Indoor Pool and Hot Tub & Jacuzzi—but neither matches the West Tower's breadth of meeting, media, and fitness programming. The package as a whole best serves young professionals and small households who want a full-service urban lifestyle—gym, sauna, yoga, meeting rooms, rooftop terrace—without the step-up cost of a pool-equipped tower, positioning the West Tower as the value-adjacent choice for renters who trade aquatic amenities for a larger interior footprint and a broader social-and-work amenity mix.