Absolute - Tower Two — Rental Market Data

Absolute – Tower Two carries three active rental listings as of August 31, 2026, spanning $2,300 to $2,899 per month with an average asking rent of $2,666 and a median of $2,800. The average suite size across these listings is 763 square feet at an asking rate of $3.58 per square foot. Two-bedroom layouts dominate the active inventory at 66.7 percent of available units, while the single one-bedroom listing represents the remaining 33.3 percent, indicating a lean toward multi-bedroom configurations rather than compact entry-level suites.

The dominant active layout at Absolute – Tower Two is the two-bedroom, with two listings accounting for 66.7 percent of available inventory at an average asking rent of $2,850 per month across 870 square feet and a rate of $3.28 per square foot. The one-bedroom tier offers a single listing at $2,300 per month for 550 square feet, translating to $4.18 per square foot. Renters seeking one-bedroom options face a single-unit scarcity, while the two-bedroom tier provides a small but workable selection.

Absolute – Tower Two's active asking rents range from a minimum of $2,300 to a peak of $2,899 per month, producing a dollar spread of $599 and a percentage spread of 26 percent. The median asking rent sits at $2,800 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.18 per square foot, while the peak listing is a two-bedroom at 890 square feet carrying a rate of $3.26 per square foot, reflecting the inverse relationship between suite size and per-square-foot pricing within this small active set.

Absolute – Tower Two does not have a quantified den premium or square-footage delta for its active listings, as the data sample is insufficient to isolate a reliable marginal cost. Parking stall premiums also cannot be reliably isolated from the current active inventory due to an anomalous outlier or insufficient paired sample, so no specific monthly parking fee can be quoted for prospective renters.

Absolute – Tower Two's active asking average of $2,666 per month at $3.58 per square foot compares to the Mississauga City Centre submarket asking benchmark of $2,771 per month at $3.64 per square foot, placing the building 1.6 percent below the submarket rate per square foot. The nominal rent difference is partly explained by suite sizing: Tower Two's active average footprint of 763 square feet is smaller than what the submarket average implies, which compresses the monthly figure while keeping the per-square-foot rate competitive. The building represents 3 out of 242 available listings in the Mississauga City Centre submarket, or roughly 1.2 percent of total active inventory.

Absolute - Tower Two's all-time average realized lease rent of $2,586 per month runs $76 above the overall comp benchmark of $2,510 per month, with the three active nearby competitors—Absolute - Tower One, Absolute World B - Tower Five, and Absolute Vision - Tower Three—each pricing below the subject. Absolute - Tower One at 90 Absolute Ave (0.09 km) closed 18 leases at an average of $2,578 per month, $3.51 per square foot, and 758 square feet, placing the subject $8 higher on nominal rent. Absolute World B - Tower Five at 50 Absolute Ave (0.1 km) recorded 27 closed leases averaging $2,450 per month, $3.21 per square foot, and 772 square feet, meaning the subject commands a $136-per-month higher realized rent. Absolute Vision - Tower Three at 80 Absolute Ave (0.1 km) closed 22 leases at $2,503 per month, $3.25 per square foot, and 774 square feet, with the subject trading $83 higher. 50 Absolute Towers at 4033 Hurontario Street (0.1 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare.

Absolute - Tower Two offers a $3.15-per-square-foot leased rate on an average 844-square-foot suite, trading at a discount below every active nearby competitor on a per-square-foot basis while providing materially more interior space than each. Against Absolute - Tower One, the subject trades at a $0.36-per-square-foot (10.3%) discount and delivers 86 more square feet of interior area; against Absolute World B - Tower Five, the discount narrows to $0.06 per square foot (1.9%) with 72 additional square feet; and against Absolute Vision - Tower Three, the subject offers a $0.10-per-square-foot (3.1%) discount alongside 70 more square feet. The higher nominal rent the subject realizes over each competitor is therefore driven entirely by its larger interior footprint rather than a stronger per-square-foot valuation—renters at 70 Absolute Ave are paying more in total because they are leasing a bigger unit, not because the asset commands a rate premium. Against the Mississauga City Centre submarket leased benchmark of $3.55 per square foot, the subject's $3.15 rate represents an 11.3% discount, reinforcing its positioning as a space-maximizing option within the corridor.

Absolute - Tower Two fields a 25-item amenity suite that extends beyond its immediate peers with features including a Car Wash Bay, Indoor Running Track, Fire Table, Library & Reading Room, Dining Room & Kitchen, and a dedicated Kids' Play Room (Indoor), positioning it as the most broadly equipped residential offering on Absolute Avenue. Absolute - Tower One, despite sharing the 2007 completion year and many core facilities (pools, courts, gym), omits the Car Wash Bay, Yoga Studio, Library & Reading Room, Dining Room & Kitchen, Rooftop Terrace, Children's Playground, Kids' Play Room, Pet Wash Station, Indoor Running Track, and Fire Table—offering instead a Full-time Activity Director that the subject does not list. Absolute World B - Tower Five (2012) includes The Oasis and a Yoga Studio but lacks the Car Wash Bay, Dining Room & Kitchen, Kids' Play Room (Indoor), Indoor Running Track, and Fire Table. Absolute Vision - Tower Three (2009) provides a Car Wash Bay and Yoga Studio but does not include a Rooftop Terrace, Children's Playground, Kids' Play Room, Pet Wash Station, Indoor Running Track, or Fire Table. 50 Absolute Towers, with zero closed leases in the trailing 180 days, serves as an architectural reference only and cannot be benchmarked on realized amenity utilization. The subject's combination of aquatic facilities (indoor and outdoor pools, hot tub, sauna), full-court sports (basketball, tennis/pickleball, squash/racquetball), remote-work infrastructure (meeting room, business centre), family-oriented spaces (indoor kids' play room, outdoor playground), and the distinctive Car Wash Bay and Indoor Running Track best serves multi-generational households and active professionals in Mississauga City Centre who prioritize a comprehensive on-site lifestyle package over a single signature feature.