The Shermount — Rental Market Data

The Shermount has two units actively listed as of August 31, 2026, with asking rents ranging from $2,500 to $2,950 per month, an average of $2,725, and a median of $2,725. The average listing spans 875 square feet at an asking rate of $3.14 per square foot. Inventory is split evenly between a one-bedroom-plus-den at 750 square feet and a two-bedroom at 1,000 square feet, placing the current mix squarely in the mid-range rather than skewing toward compact entry-level studios or large executive layouts.

The dominant active layout at The Shermount is the one-bedroom-plus-den, with one unit representing 50 percent of available inventory at an average asking rent of $2,500 per month across 750 square feet and a rate of $3.33 per square foot. The two-bedroom tier holds the remaining 50 percent, also a single listing, priced at $2,950 per month for 1,000 square feet at $2.95 per square foot. Both tiers reflect individual transactions rather than a competitive sample, so pricing should be treated as indicative rather than market-clearing.

The Shermount's active asking rents span from a minimum of $2,500 to a peak of $2,950 per month, a dollar spread of $450 and a percentage spread of 18 percent. The median asking rent sits at $2,725 per month. The entry-level suite is a one-bedroom-plus-den measuring 750 square feet at $3.33 per square foot, while the peak listing is a two-bedroom at 1,000 square feet priced at $2.95 per square foot, meaning the larger unit commands a lower rate per square foot despite the higher absolute rent.

The Shermount's active den premium and the associated square-footage delta between den-equipped and non-den suites cannot be quantified from the current two-unit sample, as no paired comparison is available. Marginal cost per additional square foot of den space therefore remains uncalculated. Parking stall premiums also cannot be reliably isolated from the available data; the paired sample is insufficient to produce a defensible monthly figure, and no specific parking fee should be assumed.

The Shermount's active asking average of $2,725 per month at $3.14 per square foot compares to the Yorkdale submarket asking benchmark of $2,554 per month at $4.12 per square foot. The building's nominal rent runs $171 above the submarket average, but its suite footprints are materially larger, and on a per-square-foot basis The Shermount trades 23.8 percent below the submarket asking rate, making it a space-efficient alternative for renters prioritizing area over compactness. The building accounts for two out of 39 active listings in the Yorkdale submarket, or roughly 5.1 percent of available inventory.

The Shermount's average realized lease rent of $2,283 per month sits $313 below the four-comp cluster average of $2,596, a gap driven primarily by the outlier Crystal Towers transaction at $3,300. Against the two high-volume Yorkdale peers, the subject actually commands a modestly higher monthly rent: $25 above The Yorkdale – Building B (120 Varna Dr, 0.8 km, 18 closed leases, $2,258 average rent, $3.90 per square foot, 594 sq ft) and $52 above The Yorkdale – Building A (160 Flemington Rd, 0.83 km, 24 closed leases, $2,231 average rent, $4.22 per square foot, 544 sq ft). Crystal Towers (2 Covington Rd, 0.89 km) recorded one closed lease at $3,300 per month ($3.00 per square foot, 1,100 sq ft), placing the subject $1,017 below that single transaction. Encore at Crystal Towers (8 Covington Rd, 0.95 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.

The Shermount leases at $3.32 per square foot with an average suite size of 691 square feet, positioning it at a discount below both active Yorkdale competitors and below the submarket leased benchmark of $3.87 per square foot. Against The Yorkdale – Building B, the subject trades at a $0.58 per square foot (14.9%) discount while providing 97 more interior square feet; the slightly higher nominal rent ($25 above) is entirely a function of the larger footprint rather than a per-unit valuation premium. Against The Yorkdale – Building A, the subject offers a $0.90 per square foot (21.3%) discount and 147 additional square feet, again with the $52 higher monthly figure explained by the expanded interior area. Crystal Towers presents the inverse trade-off: the subject commands a $0.32 per square foot (10.7%) premium over that 1997-era building but provides 409 fewer square feet, so the $1,017 lower nominal rent reflects the smaller suite rather than a rate concession. In every active comparison, the Shermount's value equation is space-efficient: renters pay less per square foot and receive more total area than the newer Yorkdale product, or accept a smaller footprint at a modest per-square-foot premium versus the 1997 Crystal Towers layout.

The Shermount offers a focused five-item amenity package—Concierge & Security, Party & Lounge Room, Meeting Room, Games & Billiards Room, and Gym & Fitness Centre—that covers core social, professional, and fitness needs without extending into aquatic, outdoor, or culinary territory. The Yorkdale towers layer substantially more lifestyle infrastructure on top of the same core set: Building B adds a Media & Theatre Room, Dining Room & Kitchen, BBQ Area, Rooftop Terrace, Garden & Courtyard, Shared Laundry Room, and a Zippy Market convenience store; Building A adds a Dining Room & Kitchen, Rooftop Terrace, and Shared Laundry Room. The Crystal Towers pair differentiates with wellness and aquatic features—outdoor pools, indoor pool (Encore), sauna and steam rooms, and hot tub/jacuzzi (Encore)—none of which appear at the subject. The Shermount's Games & Billiards Room is a signature offering absent from both Crystal Towers buildings, giving it a casual social edge those peers lack. This package best serves cost-conscious young professionals and small households in the Yorkdale pocket who prioritize a well-maintained gym, a meeting room for remote work, and a billiards or games room for informal socializing over resort-style pools, rooftop terraces, or in-building grocery access.