Clear Spirit at the Distillery — Rental Market Data

Clear Spirit at the Distillery has two active listings as of August 31, 2026, both asking $3,500 per month with no spread between the minimum and maximum rent. The average asking rent is $3,500 per month, the median is identical at $3,500, and both suites measure 850 square feet at $4.12 per square foot. The entire active inventory consists of two-bedroom layouts, accounting for 100 percent of available units, which means the building is currently offering only multi-bedroom executive-style suites rather than compact entry-level one-bedroom or studio options.

The dominant and sole active layout at Clear Spirit at the Distillery is the two-bedroom configuration, with two units representing 100 percent of current inventory. Both listings average $3,500 per month across 850 square feet, yielding a rate of $4.12 per square foot. No one-bedroom, studio, or three-bedroom tiers are available in the active pool, so renters seeking alternative bedroom counts must look to other East Bayfront buildings.

Clear Spirit at the Distillery currently lists two units at an identical asking rent of $3,500 per month, producing a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent is $3,500, and both the entry-level and peak suites are two-bedroom layouts measuring 850 square feet at $4.12 per square foot. Because the minimum and maximum asking fields are identical, there is no internal price gradient to differentiate between a budget option and a premium unit within this building's active inventory.

Den premium costs at Clear Spirit at the Distillery cannot be quantified from the current active sample, as no paired den versus non-den listings exist to isolate the marginal dollar-per-square-foot cost of additional den space. Parking stall premiums are similarly unconfirmed; the available data does not support a reliable per-month figure, and no verified parking add-on cost can be quoted to prospective renters at this time.

Clear Spirit at the Distillery asks $3,500 per month, which is $266 above the East Bayfront submarket average asking rent of $3,234, yet its $4.12 per square foot rate runs 11.4 percent below the submarket asking benchmark of $4.65 per square foot. The nominal rent premium is explained by suite size: the building's active two-bedroom units at 850 square feet are substantially larger than the typical East Bayfront listing, so renters are paying more in absolute dollars but less per unit of space. The building holds two out of 70 active listings in the submarket, representing roughly 2.9 percent of total available inventory in the East Bayfront area.

Clear Spirit at the Distillery's all-time average realized lease rent of $3,082 per month sits $262 below the four-comparable benchmark of $3,344, with the spread driven primarily by the single high-rent St. Lawrence Cooperative transaction pulling the average upward. Gooderham Condominiums at 390 Cherry Street (0.07 km, 18 closed leases) realized an average of $2,733 per month at $4.19 per square foot across 664 square feet, meaning the subject commands a $349-per-month higher rent than this closest active peer. St. Lawrence Cooperative at 70 Mill Street (0.16 km, 1 closed lease) recorded $4,000 per month at $3.64 per square foot across 1,100 square feet, placing the subject $918 below that single transaction. 80 Mill at 80 Mill Street (0.17 km, 2 closed leases) averaged $3,298 per month at $3.82 per square foot across 875 square feet, with the subject trading $216 lower. Cherry House at Canary Landing at 432 Cherry Street (0.22 km) recorded zero closed leases over the trailing 180 days and therefore provides no realized rent benchmark for comparison.

Clear Spirit at the Distillery leases at $4.10 per square foot across an average 729-square-foot suite, a rate that sits $0.22 above the comp-set average of $3.88 per square foot while offering 151 fewer square feet than the 880-square-foot comp mean, positioning the building as a denser, rate-premium product within the East Bayfront pocket. Against Gooderham Condominiums, the subject trades at a $0.09 per square foot (2.1%) discount while providing 65 more interior square feet, so the higher nominal rent is fully explained by the larger footprint rather than a per-space valuation premium. Against St. Lawrence Cooperative, the subject commands a $0.46 per square foot (12.6%) premium yet delivers 371 fewer square feet; the lower monthly rent here is a direct function of the smaller interior footprint, not a weaker asset valuation. The same dynamic holds against 80 Mill, where the subject carries a $0.28 per square foot (7.3%) premium but 146 fewer square feet, again making the nominal rent gap a space-volume trade-off rather than a rate disadvantage.

Clear Spirit at the Distillery fields a 17-item amenity programme that includes an outdoor pool, hot tub and jacuzzi, sauna and steam room, spin studio, cabanas, and a library and reading room—features that collectively outpace the leaner packages at St. Lawrence Cooperative and 80 Mill while holding its own against the 2014 Gooderham tower. The subject's spin studio, cabanas, library and reading room, and dining room and kitchen are absent from Gooderham Condominiums, which instead differentiates with a spa and outdoor children's playground; neither Gooderham nor the two older Mill Street buildings offer a dedicated spin or cycling facility. St. Lawrence Cooperative and 80 Mill provide only concierge, a party room, meeting space, and a rooftop terrace, with 80 Mill adding a basic gym but no aquatic, wellness, or recreational programming. Cherry House at Canary Landing, though zero-volume, lists a dog run and pet wash station that the subject does not carry, while the subject's cabanas and spin studio have no direct counterpart in that 2025 build-out. The lifestyle package here is calibrated for young professionals and small households who want resort-style aquatic and fitness access, a dedicated remote-work meeting room, and social spaces like the games room and rooftop terrace without the family-oriented play areas that anchor the Gooderham and Cherry House offerings.