Cocoon Condos - Clarington 3 — Rental Market Data

Cocoon Condos – Clarington 3 realizes an average lease rent of $2,417 per month, which sits $259 above the overall comp benchmark of $2,158 and $66 above the Brampton East submarket average of $2,351. The Clairington – Tower 2 at 55 Yorkland Blvd (0.06 km, 2 closed leases) averages $2,375 per month at $3.17 per square foot on 750 square feet, placing the subject $42 higher in total rent. The Clairington – Tower 1 at 45 Yorkland Blvd (0.13 km, 4 closed leases) averages $2,200 per month at $2.95 per square foot on 747 square feet, with the subject commanding $217 more per month. Dayspring Condos at 10 Dayspring Circle (0.19 km, 1 closed lease) averages $1,900 per month at $4.75 per square foot on just 400 square feet, a $517 gap that reflects the comp's compact footprint rather than a valuation differential. Dayspring Condos at 7 Dayspring Circle (0.26 km) recorded zero closed leases over the past 180 days and therefore carries no realized rent benchmark; it functions solely as an architectural reference in this comparison set.

Cocoon Condos – Clarington 3 leases at $2.87 per square foot on an average 867-square-foot suite, trading at a discount below every active competitor on a per-square-foot basis while delivering materially more interior space. Against The Clairington – Tower 2 (0.06 km), the subject offers a $0.30 per square foot (9.5%) discount and 117 more square feet of living area, so the $42 higher monthly rent is entirely a function of the larger footprint rather than a rate premium. The Clairington – Tower 1 (0.13 km) shows a tighter $0.08 per square foot (2.7%) discount with 120 additional square feet, and the subject's $217 higher rent again reflects the extra space. Dayspring Condos at 10 Dayspring Circle (0.19 km) presents the starkest contrast: the subject trades at a $1.88 per square foot (39.6%) discount while providing 467 more square feet, meaning the $517 rent gap is overwhelmingly a size differential in a building completed in 2002 with 400-square-foot suites. In every active comparison, the higher nominal rent at Cocoon Condos – Clarington 3 is driven by its larger interior envelope, not by a per-unit-area valuation premium over its neighbours.

Cocoon Condos – Clarington 3 offers a nine-feature lifestyle package including a yoga studio, rooftop terrace, and pet wash station that distinguish it from both Clairington towers and position it as the amenity-forward option in this immediate pocket. The Clairington – Tower 2 (0.06 km) and Tower 1 (0.13 km) each provide concierge, gym, party room, meeting room, and BBQ area, but neither includes a dedicated yoga studio, rooftop terrace, or pet wash station—three features that give the subject a wellness and pet-owner edge. Dayspring Condos at 10 Dayspring Circle (0.19 km) counters with a library, garden courtyard, dining room, media theatre, car wash bay, and hobby room that the subject does not offer, while its zero-lease sibling at 7 Dayspring Circle adds a tennis and pickleball court to the reference set. The subject's combination of a dedicated yoga studio, rooftop terrace for outdoor socializing, and an on-site pet wash station targets young professional and small-family renters in Brampton East who prioritize active wellness routines, pet-friendly convenience, and flexible remote-work spaces (meeting room plus games/billiards) over the older buildings' more traditional lounge-and-gym configurations.