Emerald City Condominiums — Rental Market Data

Emerald City Condominiums has 2 active listings as of August 31, 2026, spanning a price range of $2,200 to $3,200 per month with an average asking rent of $2,700 and a median of $2,700. The average suite size across both listings is 750 square feet at a blended asking rate of $3.68 per square foot. Inventory is split 50-50 between a compact 550-square-foot 1-bedroom and a spacious 950-square-foot 2-bedroom, so the current mix leans toward one entry-level option and one executive multi-bedroom layout rather than a concentration in any single tier.

The dominant active layout at Emerald City Condominiums is the 1-Bedroom, with 1 listing representing 50 percent of available inventory. The 1-bedroom asks $2,200 per month for 550 square feet at $4.00 per square foot, while the single 2-bedroom listing is priced at $3,200 per month for 950 square feet at $3.37 per square foot. Both tiers are single-listing samples, so renters should treat each as an individual deal rather than a market-rate signal for that bedroom category.

Emerald City Condominiums shows an active asking spread of $1,000 per month, or 45.5 percent, between its minimum entry rent of $2,200 and peak asking rent of $3,200. The median asking rent sits at $2,700 per month. The entry-level suite is a 1-bedroom at 550 square feet priced at $4.00 per square foot, while the peak offering is a 2-bedroom at 950 square feet priced at $3.37 per square foot, reflecting a 63-square-foot-per-dollar efficiency gap between the two tiers.

Active den premiums at Emerald City Condominiums cannot be quantified from the current two-listing sample, as neither active unit carries a separately priced den component. Parking stall costs also cannot be reliably isolated from active listings due to an insufficient paired sample of verified parking assignments. Historical lease data does confirm a verified average parking premium of $297 per month across closed transactions, which serves as the best available reference point for budgeting.

Emerald City Condominiums asks an average of $2,700 per month at $3.68 per square foot, compared to the Don Valley North submarket asking benchmark of $2,608 per month at $3.93 per square foot. The building's nominal rent is $92 above the submarket average, but its per-square-foot rate runs 6.4 percent below the submarket asking benchmark, a gap explained by the larger 750-square-foot average suite size versus the submarket norm. Emerald City represents 2 out of 225 active listings in the Don Valley North submarket, or roughly 0.9 percent of total available inventory.

Emerald City Condominiums at 70 Forest Manor Rd realizes an average lease rent of $2,393 per month, landing $39 below the overall comp benchmark of $2,432 across four active nearby competitors. Emerald City Condominiums 2 at 66 Forest Manor Rd (0.06 km, 26 closed leases) averages $2,516 per month at $3.52 per square foot over 723 square feet, placing the subject $123 lower in nominal rent. Dreamtower at Emerald City at 62 Forest Manor Rd (0.11 km, 23 closed leases) posts $2,455 per month at $3.62 per square foot across 689 square feet, with the subject trading $62 below that figure. The Park Club – Emerald City 6 at 56 Forest Manor Rd (0.17 km, 31 closed leases) records $2,473 per month at $3.77 per square foot over 671 square feet, leaving the subject $80 lower. Biyu – The Colours of Emerald City at 52 Forest Manor Rd (0.22 km, 20 closed leases) averages $2,282 per month at $3.82 per square foot across 602 square feet, making the subject $111 higher in realized rent than this peer.

Emerald City Condominiums leases at $3.62 per square foot over an average 676-square-foot suite, positioning it at a slight discount to the $3.68 per square foot comp benchmark while offering marginally more interior space than the 671-square-foot average. Against Emerald City Condominiums 2, the subject commands a $0.10 per square foot (2.8%) premium yet provides 47 fewer interior square feet, meaning the $123 lower nominal rent is a function of the smaller footprint rather than a weaker per-unit valuation. Dreamtower at Emerald City trades at identical per-square-foot parity with the subject, and the 13-square-foot size delta fully accounts for the $62 rent gap. The Park Club – Emerald City 6 charges $3.77 per square foot, so the subject trades at a $0.15 per square foot (4.0%) discount while delivering 5 more interior square feet, giving renters both a lower rate and additional space. Biyu – The Colours of Emerald City prices at $3.82 per square foot, placing the subject at a $0.20 per square foot (5.2%) discount, yet the subject's 74 additional square feet push its nominal rent $111 above Biyu's—confirming the higher monthly figure is entirely a footprint effect, not a premium valuation.

Emerald City Condominiums offers a 15-feature lifestyle package anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, yoga studio, and a dedicated indoor kids' play room, positioning it as one of the more amenity-dense buildings in the Forest Manor corridor. The subject's shared laundry room and indoor children's play room are absent from all four named competitors, while The Park Club – Emerald City 6 differentiates with a spa, meditation room, and firepit that the subject does not carry. Emerald City Condominiums 2 and Dreamtower at Emerald City each include a garden and courtyard plus an outdoor children's playground, features the subject replaces with its indoor play room. Biyu – The Colours of Emerald City mirrors most of the subject's aquatic and wellness suite but omits the shared laundry room and indoor kids' space. The package best serves young families and wellness-oriented professionals who prioritize indoor recreational facilities, a full fitness and aquatic suite, and on-site childcare-adjacent amenities over outdoor courtyard living.