Canary Landing — Rental Market Data

Canary Landing at 65 Trinity Street has three active listings as of August 31, 2026, with asking rents ranging from $2,743 to $4,384 per month, an average of $3,319 and a median of $2,829. The average active suite measures 733 square feet at an asking rate of $4.71 per square foot. One-bedroom layouts account for 66.7 percent of available inventory, while the remaining 33.3 percent is a single three-bedroom-plus unit, meaning current stock leans toward compact entry-level suites with one executive option.

The dominant active layout at Canary Landing is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $2,786 per month across 550 square feet and a rate of $5.07 per square foot. The three-bedroom-plus tier holds one listing at 33.3 percent share, asking $4,384 per month over 1,100 square feet at $3.99 per square foot. No two-bedroom units are currently listed, leaving a gap in the mid-tier bedroom segment for renters seeking that configuration.

Canary Landing's active asking rents span from a minimum of $2,743 per month to a peak of $4,384 per month, a dollar spread of $1,641 or 59.8 percent. The median asking rent sits at $2,829 per month, pulled down by the two one-bedroom listings. The entry-level suite is a 550-square-foot one-bedroom at $4.99 per square foot, while the peak offering is a 1,100-square-foot three-bedroom-plus unit at $3.99 per square foot, reflecting the inverse relationship between suite size and rate per square foot in this building's current inventory.

Canary Landing's active den premium and associated square-footage delta are unquantified due to insufficient paired listings in the current sample. Marginal cost per square foot for additional den space therefore cannot be reliably calculated from available data. Active parking stall premiums also cannot be reliably isolated; the paired sample is too small or contains anomalous outliers to produce a defensible monthly figure, and no specific parking cost should be assumed.

Canary Landing's active average asking rent of $3,319 per month at $4.71 per square foot compares to the East Bayfront submarket asking benchmark of $3,234 per month at $4.65 per square foot, placing the building 1.3 percent above the submarket rate per square foot. The nominal rent premium over the submarket average is modest and is driven by suite-size differences rather than a significant rate gap, as the building's 733-square-foot average footprint is comparable to submarket norms. Canary Landing's three active listings represent 4.3 percent of the 70 total available units in the East Bayfront submarket.

Canary Landing's average realized lease rent of $3,723 per month sits $419 (12.7 percent) above the overall comp benchmark of $3,304 per month across the four nearby comparables. Among active peers, St. Lawrence Cooperative at 70 Mill Street (0.08 km, 1 closed lease) averaged $4,000 per month at $3.64 per square foot on 1,100 square feet, placing the subject $277 per month below that benchmark. 80 Mill at 80 Mill Street (0.10 km, 2 closed leases) averaged $3,298 per month at $3.82 per square foot on 875 square feet, meaning the subject commands a $425-per-month higher realized rent. Trinity Lofts at 90 Trinity Street (0.15 km, 4 closed leases) averaged $2,613 per month at $4.44 per square foot on 590 square feet, with the subject realizing $1,110 per month more. Cherry House at Canary Landing on 432 Cherry Street (0.09 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark to compare against; it functions solely as a design and amenity reference for this micro-market.

Canary Landing's realized rate of $4.38 per square foot on an 850-square-foot suite positions the subject at a premium over two of three active comparables while offering a modest discount to the most expensive per-square-foot peer. Against St. Lawrence Cooperative (built in 1998, 1,100 sq ft), the subject trades at a $0.74 per square foot (20.3 percent) premium while providing 250 fewer interior square feet; the lower nominal rent of $277 per month is driven entirely by that smaller footprint rather than a weaker asset valuation. Versus 80 Mill (built in 2002, 875 sq ft), the subject commands a $0.56 per square foot (14.7 percent) premium on 25 fewer square feet, and the $425-per-month higher rent reflects both the rate advantage and the building's newer construction. The sharpest trade-off appears with Trinity Lofts (built in 2012, 590 sq ft): the subject trades at a $0.06 per square foot (1.4 percent) discount below that comp's $4.44 per square foot rate, yet the subject's realized rent is $1,110 per month higher because it delivers 260 more interior square feet. In that pairing, the nominal rent variance is a function of the larger interior footprint, not a higher per-unit valuation. Across the comp set, the subject's 850-square-foot average aligns closely with the 855-square-foot comp benchmark, confirming that pricing differences in this pocket are rate-driven rather than size-driven, with the exception of the Trinity Lofts comparison where footprint scale is the dominant variable.

Canary Landing offers a 13-feature lifestyle package including an outdoor pool, yoga studio, gym and fitness centre, business centre, meeting room, media and theatre room, indoor kids' play room, party and lounge room, rooftop terrace, games and billiards room, pet wash station, dog run, and automated parcel lockers—making it the most amenity-dense building in its immediate 150-metre peer set. St. Lawrence Cooperative (built in 1998) provides only concierge and security, shared laundry, a party room, meeting room, rooftop terrace, garden courtyard, and package service; it lacks any aquatic, fitness, wellness, or pet-specific facilities. 80 Mill (built in 2002) adds a gym and fitness centre to a basic concierge, party room, meeting room, and rooftop terrace package but omits the pool, yoga studio, business centre, media room, kids' play area, games room, and all pet amenities. Trinity Lofts (built in 2012) layers on a BBQ area, fire pit, and dry cleaning service alongside its gym and core common rooms, yet still has no outdoor pool, yoga studio, business centre, media or theatre room, indoor kids' play space, games and billiards room, pet wash station, or dog run. Cherry House at Canary Landing (completed 2025) mirrors much of the subject's amenity list—including pool, yoga, gym, business centre, media room, kids' play, dog run, and pet wash—but adds a sauna and steam room, hobby room, music room, dining room and kitchen, and garden courtyard that the subject does not carry; conversely, Canary Landing includes automated parcel lockers absent from Cherry House's listed features. The subject's combination of aquatic recreation, dedicated wellness (yoga), remote-work infrastructure (business centre and meeting room), family-oriented programming (indoor kids' play), and full pet services (wash station plus dog run) targets young professional households and small families in the East Bayfront who prioritize a resort-style daily routine without the trade-off of a larger, older building's limited common-space offering.