Core Condominiums — Rental Market Data

Core Condominiums has exactly one active listing as of August 31, 2026, asking $2,550 per month with a median and average rent of $2,550. The available suite spans 650 square feet at a rate of $3.92 per square foot, and it is a one-bedroom-plus-den layout that accounts for 100 percent of current inventory. With only a single unit on the market, the building's active stock leans toward a mid-size executive one-bedroom rather than compact entry-level studios or multi-bedroom family layouts.

The sole active layout at Core Condominiums is the one-bedroom-plus-den, representing 100 percent of available inventory with a single listing. That suite averages 650 square feet at $2,550 per month, or $3.92 per square foot, and no studio, standard one-bedroom, or two-bedroom tiers currently carry active listings. Rents seeking adjacent bedroom configurations must look to the broader Downtown East submarket, where 191 other units remain available.

Core Condominiums' active pricing spread is zero dollars and zero percent, as the single available unit sets both the minimum and maximum asking rent at $2,550 per month. The median asking rent is likewise $2,550, and the entry-level suite is a 650-square-foot one-bedroom-plus-den at $3.92 per square foot. Because only one listing exists, there is no peak-tier contrast to draw; the entire active inventory occupies a single price and size point.

Core Condominiums' active den premium and associated square-footage delta cannot be quantified from the current single-listing sample, as no paired comparison between den and non-den suites is available. Marginal cost per square foot for the den space therefore remains uncalculated. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample, though historical lease data confirms a verified parking add-on of $139 per month across closed transactions.

Core Condominiums' active asking rent of $2,550 per month and $3.92 per square foot both trail the Downtown East submarket benchmarks of $2,636 per month and $4.36 per square foot, placing the building 10.1 percent below the submarket asking rate on a per-square-foot basis. The nominal rent gap of $86 per month is further narrowed by the fact that the active suite's 650-square-foot footprint exceeds the typical submarket listing size, meaning renters gain additional space at a lower effective rate. Core Condominiums accounts for one out of 192 available listings in the Downtown East submarket, a 0.5 percent share of total active inventory.

Core Condominiums' all-time average realized lease rent of $2,180 per month sits $384 below the overall comp benchmark of $2,564 per month, with every active competitor pricing above the subject. Fleur at 60 Shuter St (0.03 km, 34 closed leases) averages $2,495 per month at $4.42 per square foot across 581 square feet, placing the subject $315 lower on a monthly basis. 88 North at 77 Shuter St (0.05 km, 54 closed leases) averages $2,372 per month at $4.28 per square foot across 564 square feet, with the subject trading $192 below that mark. Boot at 75 Dalhousie St (0.04 km, 2 closed leases) averages $2,825 per month at $3.32 per square foot across 850 square feet, a $645 monthly gap that reflects Boot's substantially larger suite footprint rather than a pure rate differential. 76 Shuter at 76 Shuter St (0.04 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.

Core Condominiums leases at an average rate of $4.09 per square foot across 541 square feet, a combination that undercuts the comp-set average of $4.01 per square foot and 665 square feet on total footprint while carrying a modest per-square-foot premium over the older, larger Boot suites. Against Fleur, the subject trades at a $0.33 per square foot (7.5%) discount and provides 40 fewer interior square feet, so the lower monthly rent is driven by both a smaller suite and a more competitive rate per square foot. Against 88 North, the subject offers a $0.19 per square foot (4.4%) discount with 23 fewer square feet, a tighter spread that keeps the monthly gap to $192. The sharpest trade-off appears with Boot: the subject commands a $0.77 per square foot (23.2%) premium over Boot's $3.32 per square foot rate, yet the monthly rent is still $645 lower because the subject provides 309 fewer interior square feet—the nominal rent variance is entirely a function of the dramatically smaller footprint rather than weaker asset valuation.

Core Condominiums offers a nine-feature lifestyle package anchored by an on-site café, rooftop terrace, media and theatre room, and games and billiards room, positioning it as a mid-tier amenity building that trails the aquatic and wellness offerings of its closest peers. The on-site café is the single amenity unique to Core Condominiums across the entire four-building comp set, while the media and theatre room differentiates the subject from Boot and 88 North, neither of which includes a dedicated screening space. Fleur counters with an indoor pool and meeting room that Core Condominiums lacks, and 88 North adds an outdoor pool with cabanas that has no equivalent on the subject's terrace. Boot's sauna and steam room, along with 76 Shuter's yoga studio, pet wash station, and massage room, represent wellness and pet-focused facilities absent from Core Condominiums' offering. The building's package—café access, rooftop BBQ, billiards, and a dining room—best serves cost-conscious young professionals and small households in Downtown East who prioritize social and casual-dining amenities over resort-style aquatic or spa facilities.