Empress — Rental Market Data

Empress at 700 Dynes Rd carries two active listings as of August 31, 2026, both asking $3,350 per month with a median of $3,350 and a zero-dollar spread. The average suite measures 1,525 square feet at an asking rate of $2.20 per square foot, and 100 percent of available inventory falls in the 3-Bedroom-plus tier. This represents a pronounced lean toward large, multi-bedroom executive layouts rather than compact entry-level one- or two-bedroom suites, which are entirely absent from the current active pool.

The sole active layout at Empress is the 3-Bedroom-plus tier, accounting for both available units and 100 percent of active inventory. Each listing averages $3,350 per month on approximately 1,525 square feet, yielding a blended asking rate of $2.20 per square foot. No one-bedroom, two-bedroom, or studio units are currently listed, so renters seeking smaller footprints must look to the broader Downtown Burlington submarket.

Empress shows a minimum entry rent of $3,350 per month and a peak asking rent of $3,350 per month, producing a zero-dollar and zero-percent spread across its two active listings. The median asking rent is likewise $3,350, confirming uniform pricing. The entry-level suite is a 3-Bedroom-plus unit of 1,500 square feet at $2.23 per square foot, while the peak suite offers 1,550 square feet at $2.16 per square foot, a modest five-square-foot difference in footprint that slightly compresses the per-square-foot rate at the top end.

Empress does not have a quantified den premium or square-footage delta for active listings, as the data sample is insufficient to isolate a reliable marginal cost for additional den space. Parking stall premiums also cannot be reliably isolated from the current dataset due to anomalous outliers or an insufficient paired sample, so no specific monthly parking fee should be assumed. Renters interested in either amenity should request itemized pricing directly from the leasing office.

Empress's active asking rate of $2.20 per square foot stands 48.2 percent below the Downtown Burlington submarket asking benchmark of $4.25 per square foot, while the nominal $3,350 monthly rent exceeds the submarket average asking rent of $2,988 by roughly $362. That nominal premium is entirely explained by suite size: Empress's active units average 1,525 square feet versus the submarket's typical footprint, so the per-square-foot comparison reveals a significantly more competitive rate. The building represents two out of 43 active listings in the Downtown Burlington submarket, a 4.7 percent share of total available inventory.

Empress's average realized lease rent of $2,100 per month sits $50 below the four-comparative benchmark of $2,150, with the two active peers bracketing the subject on either side of that midpoint. 2161 Ghent Avenue at 1.6 km (one closed lease) cleared at $2,300 per month, meaning Empress trades at a lower monthly rent $200 below that comp; 2433 First Street at 1.77 km (two closed leases) cleared at $2,000 per month, meaning Empress commands a higher monthly rent $100 above that comp. The Walbrook at 2411 New St (1.23 km) and 2393 New Street (1.27 km) each recorded zero closed leases over the trailing 180 days and therefore carry no realized rent benchmark against which to measure Empress's pricing.

Empress leases at $2.21 per square foot on an average 950-square-foot suite, a rate that undercuts both active comparatives and the $2.75-per-square-foot comp average while delivering materially more interior space than either peer. Against 2161 Ghent Avenue (1.6 km, $3.07 per square foot, 748 square feet), Empress trades at a $0.86 per square foot discount and provides 202 more interior square feet, so the $200 lower monthly rent is driven by the building's larger footprint rather than a weaker per-foot valuation. Against 2433 First Street (1.77 km, $2.43 per square foot, 825 square feet), Empress trades at a $0.22 per square foot discount and provides 125 more interior square feet; the $100 higher nominal rent here is a direct function of the additional 125 square feet of living area, not a premium on the asset's per-foot rate. In both cases the subject offers a more competitive rate per square foot while giving renters a larger interior footprint than either 2026-era competitor.

Empress fields a 13-item amenity package—including an outdoor pool, sauna and steam room, gym and fitness centre, concierge and security, EV charging station, car wash bay, meeting room, games and billiards room, library, hobby room, dining room and kitchen, party and lounge room, and BBQ area—that is unmatched by any of its four nearby comparatives. The Walbrook (1.23 km) offers only a shared laundry room; 2393 New Street (1.27 km) adds a concierge and convenience store to a shared laundry; 2161 Ghent Avenue (1.6 km) provides no common lifestyle or recreational facilities at all; and 2433 First Street (1.77 km) likewise lists only a shared laundry room. The aquatic, wellness, remote-work, and social-dining features at Empress have no direct counterpart in this immediate peer set, making the building the clear amenity leader within a 1.8-kilometer radius. This lifestyle package is best suited to mid-career professionals and small families who want resort-style recreation, on-site fitness, and flexible work spaces without stepping outside the building, particularly renters who prioritize space and amenities over the newest construction era.