Residences at the Consilium II — Rental Market Data

Residences at the Consilium II carries two active listings as of August 31, 2026, spanning a price range of $1,600 to $2,900 per month with an average asking rent of $2,250 and a median of $2,250. The average active suite measures 1,025 square feet at an asking rate of $2.25 per square foot, and the inventory splits evenly between a one-bedroom and a two-bedroom plus den layout. Both available units are single listings in their respective tiers, so the building offers no multi-unit depth in any bedroom category, and the mix skews toward a compact entry-level one-bedroom alongside a premium executive two-bedroom plus den rather than a cluster of mid-range options.

The dominant active layout at Residences at the Consilium II is the one-bedroom tier, represented by a single listing that accounts for 50 percent of available inventory at an average asking rent of $1,600 per month across 1,100 square feet and a rate of $1.45 per square foot. The remaining 50 percent is a two-bedroom plus den unit asking $2,900 per month over 950 square feet at $3.05 per square foot. Both tiers are single-listing samples, so neither layout offers a comparative spread within the building, and renters must evaluate each unit on its individual merits rather than benchmarking against a peer group.

Residences at the Consilium II shows an active asking spread of $1,300 per month, or 81.3 percent, between the entry one-bedroom at $1,600 and the peak two-bedroom plus den at $2,900. The median asking rent sits at $2,250 per month, exactly midway between the two available units. The entry-level one-bedroom spans 1,100 square feet at $1.45 per square foot, while the peak two-bedroom plus den covers 950 square feet at $3.05 per square foot, meaning the premium suite commands a higher per-square-foot rate despite its smaller footprint.

Den premiums at Residences at the Consilium II cannot be quantified from the current active sample, as the two available listings do not provide a paired one-bedroom versus two-bedroom plus den comparison with sufficient overlap to isolate a marginal cost per square foot for the den space. Active parking stall costs are likewise unquoted; the paired sample is too small or contains anomalous outliers to reliably separate a parking add-on from base rent, so renters should request a direct parking fee quote from the leasing office before committing.

Residences at the Consilium II asks an average of $2,250 per month at $2.25 per square foot, which is 32.6 percent below the Scarborough City Centre submarket asking benchmark of $3.34 per square foot and 8.2 percent below the submarket average asking rent of $2,495 per month. The lower nominal rent relative to the submarket is partly explained by the building's larger average active footprint of 1,025 square feet versus the tighter suites typical of the submarket, but the per-square-foot gap confirms a genuinely competitive rate position. The building represents 2 out of 74 active listings in the Scarborough City Centre submarket, a 2.7 percent share of total available inventory.

Residences at the Consilium II realized an average lease rent of $2,693 per month over the trailing year, exceeding the four-comp benchmark of $2,426 per month by $267. Residences at the Consilium I (88 Corporate Dr, 0.05 km, six closed leases) averaged $2,558 per month at $3.96 per square foot across 758 square feet; Hillsborough Court I (18 Lee Centre Dr, 0.17 km, seven closed leases) averaged $2,421 per month at $3.11 per square foot across 800 square feet; Hillsborough Court II (8 Lee Centre Dr, 0.22 km, five closed leases) averaged $2,483 per month at $3.10 per square foot across 826 square feet; and Ellipse I (36 Lee Centre Dr, 0.27 km, 23 closed leases) averaged $2,241 per month at $3.30 per square foot across 691 square feet. Every competitor in this set recorded active lease volume, so no zero-deal reference buildings dilute the comparison.

At $2.95 per square foot and 933 average square feet, Residences at the Consilium II offers the most interior space in its immediate peer group while carrying the lowest rate per square foot against all four active competitors. Against Residences at the Consilium I, the subject trades at a $1.01 per square foot (25.5 percent) discount while providing 175 more interior square feet, meaning the $135-per-month rent premium over that comp is a pure footprint effect rather than a valuation premium. Versus Hillsborough Court I, the subject offers a $0.16 per square foot (5.1 percent) discount and 133 additional square feet, with the $272 monthly difference again driven by the larger suite. Hillsborough Court II shows a similar pattern: a $0.15 per square foot (4.8 percent) discount and 107 extra square feet account for the $210 rent gap. Ellipse I presents the widest spread—the subject trades at a $0.35 per square foot (10.6 percent) discount while delivering 242 more square feet, explaining why its $452 higher nominal rent reflects space, not a per-unit premium. In every case, the subject's higher absolute rent is a direct consequence of its larger interior footprint, not a stronger asset valuation per square foot.

Residences at the Consilium II fields a 15-feature lifestyle package that includes a car wash bay, bowling alley, outdoor pool, tennis and pickleball court, and squash and racquetball court—amenities absent from all four nearby competitors. Residences at the Consilium I matches most of the subject's offerings but adds a badminton court the subject lacks, while neither building provides a rooftop terrace or media theatre room found at Ellipse I. Hillsborough Court I and Hillsborough Court II each include a children's outdoor playground and garden courtyard that the subject does not offer, and Hillsborough Court II adds table tennis and a dedicated card room. The subject's distinguishing cluster—car wash bay, bowling alley, outdoor pool, and dual racquet courts—creates a sport-and-convenience lifestyle theme that no single competitor replicates in full. This package best serves active professionals and small families who prioritize on-site recreation, vehicle convenience, and social gathering space over the rooftop or media-room features favoured by newer builds like Ellipse I.