Centennial Towers — Rental Market Data

Centennial Towers has three active listings as of August 31, 2026, with asking rents ranging from $1,895 to $2,095 per month, an average of $2,028, and a median of $2,095. The average suite size across these listings is 717 square feet at an asking rate of $2.83 per square foot. All three units are one-bedroom layouts, meaning the current inventory is entirely entry-level and offers no two-bedroom or multi-bedroom options for renters seeking larger footprints.

The sole active layout at Centennial Towers is the one-bedroom, with all three listings (100 percent of inventory) falling into this tier at an average asking rent of $2,028 per month. These suites average 717 square feet and carry a blended asking rate of $2.83 per square foot, with individual units spanning 650 to 750 square feet. No two-bedroom, three-bedroom, or den-included configurations are currently available for rent at this building.

Centennial Towers' three active listings span a $200 spread, from a minimum entry rent of $1,895 per month to a peak asking rent of $2,095 per month, a 10.6 percent range. The median asking rent across the trio is $2,095 per month. The entry-level suite is a 650-square-foot one-bedroom at $2.92 per square foot, while the peak listing is a 750-square-foot one-bedroom priced at $2.79 per square foot, meaning the larger unit actually carries a lower rate per square foot despite the higher absolute rent.

Den premiums and marginal cost-per-square-foot figures for extra den space cannot be quantified at Centennial Towers, as no den-included suites appear in the current active inventory. Parking stall costs also cannot be reliably isolated from the available data, as the paired sample is insufficient to produce a defensible premium figure. Renters should contact the property manager directly for current parking availability and associated monthly fees.

Centennial Towers' average asking rent of $2,028 per month and $2.83 per square foot both sit below the East York submarket averages of $2,211 per month and $3.08 per square foot, placing the building 8.1 percent under the submarket asking rate on a per-square-foot basis. The lower nominal rent is consistent with the building's 717-square-foot average suite size, which is modest relative to the broader submarket mix. Centennial Towers accounts for three out of 55 active listings in the East York submarket, representing roughly 5.5 percent of currently available inventory in the area.

Centennial Towers has no realized lease transactions to benchmark directly, so its current asking average of $2,028 per month sits below the four-comparable realized average of $2,150 per month. Among the active peers, 42 Thorncliffe Park Drive (42 Thorncliffe Park Drive, 0.31 km, one closed lease) recorded an average rent of $1,800 per month at $2.77 per square foot across 650 square feet, while 2 Grandstand Place (2 Grandstand Place, 0.48 km, one closed lease) realized $2,495 per month at $3.33 per square foot across 750 square feet. The higher-volume competitors—Glen Valley (715 Don Mills Road, 0.98 km, six closed leases) at $2,167 per month and $2.97 per square foot over 733 square feet, and Glen Valley Condos (735 Don Mills Road, 1.04 km, four closed leases) at $2,138 per month and $2.72 per square foot over 800 square feet—bracket the subject's asking range from both sides. Because the two 2026-completion buildings each logged only a single lease transaction, their figures function as early-market data points rather than established pricing norms, and Centennial Towers' zero-lease record means no realized rent spread can be computed against any individual competitor.

Centennial Towers' active asking rate of $2.83 per square foot across an average 717-square-foot suite positions the building at or near parity with its immediate competitors, whose realized rates range from $2.72 to $3.33 per square foot. Against Glen Valley Condos at $2.72 per square foot and 800 square feet, the subject offers a slightly higher rate per square foot but fewer interior square feet, meaning a renter trades roughly 83 square feet of additional space for a marginally lower per-foot cost at the competitor. Versus Glen Valley at $2.97 per square foot and 733 square feet, the subject's asking rate is about five percent lower per foot while providing a comparable footprint, a modest value edge on rate. The two 2026-era buildings—42 Thorncliffe Park Drive at $2.77 per square foot over 650 square feet and 2 Grandstand Place at $3.33 per square foot over 750 square feet—each carry only one closed lease, so their pricing signals remain preliminary. Centennial Towers' 1966 construction and 332-suite density give it a legacy, high-turnover character that competes on accessibility and price rather than the newer finishes or expanded amenity decks found at the 2026 completions.

Centennial Towers provides a minimal common-facility package consisting of a shared laundry room and an on-site mosque, a combination that sets it apart from every nearby competitor while simultaneously lacking the lifestyle infrastructure those competitors offer. None of the four comparables include a mosque, making this the building's singular amenity differentiator for faith-based tenants; however, the subject has no gym, indoor pool, concierge desk, meeting room, sauna, or pet facility. Glen Valley and Glen Valley Condos both field full wellness suites—indoor pools, gyms, saunas, party lounges, and business centres—while 42 Thorncliffe Park Drive adds a dog run and concierge security, and 2 Grandstand Place includes concierge and security services. The practical effect is that Centennial Towers operates as a no-frills, low-maintenance residential building that appeals to cost-conscious renters and faith-community members who prioritize proximity to Thorncliffe Park and a mosque on site over recreational or remote-work amenities, accepting a leaner common-space profile in exchange for a lower asking rate and a 1966-era building footprint.