Portrait Condominiums — Rental Market Data

Portrait Condominiums has three active rental listings as of August 31, 2026, spanning an asking range of $2,250 to $3,800 per month with an average of $2,817 and a median of $2,400. The average active suite measures 833 square feet at an asking rate of $3.44 per square foot. Two of the three listings are one-bedroom-plus-den units, making compact entry-level layouts the dominant tier, while the remaining listing is a 1,200-square-foot two-bedroom at the upper end of the price band.

The dominant active layout at Portrait Condominiums is the one-bedroom-plus-den, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,325 per month across 650 square feet and a rate of $3.58 per square foot. The two-bedroom tier holds a single listing at 33.3 percent share, asking $3,800 per month for 1,200 square feet at $3.17 per square foot. Renters seeking multi-bedroom space face single-unit scarcity, while the den-equipped one-bedroom tier offers a limited but workable selection.

Portrait Condominiums shows an active asking spread of $1,550 per month, or 68.9 percent, between the minimum entry rent of $2,250 and the peak asking rent of $3,800. The median asking rent sits at $2,400 per month. The entry-level suite is a one-bedroom-plus-den measuring 650 square feet at $3.46 per square foot, while the peak listing is a two-bedroom at 1,200 square feet and $3.17 per square foot, reflecting a larger footprint that carries a lower rate per square foot despite the higher absolute rent.

Den premium and marginal cost-per-square-foot figures for extra den space at Portrait Condominiums cannot be reliably quantified from the current active sample. Parking stall premiums are likewise inconclusive; the paired data set contains anomalous outliers or an insufficient sample to isolate a dependable monthly add-on cost, so no specific parking fee should be assumed when budgeting for a unit at this address.

Portrait Condominiums asks an average of $2,817 per month at $3.44 per square foot, compared to the Downsview submarket asking benchmark of $2,496 per month at $3.77 per square foot. The building's nominal rent runs $321 above the submarket average, but this variance is driven by suite size: active listings average 833 square feet versus a submarket implied average of 662 square feet, meaning the building trades at an 8.8 percent discount on a rate-per-square-foot basis. Portrait's three active listings represent a small slice of the broader market, accounting for 3 out of 108 available listings in the Downsview submarket.

Portrait Condominiums' average realized lease rent of $2,565 per month sits $159 above the overall comp benchmark of $2,406, driven primarily by its larger suite footprint rather than a per-square-foot premium. Westmount Boutique Residences at 700 Sheppard Ave W (0.08 km, 13 closed leases) averages $2,697 per month at $3.47 per square foot over 790 square feet, meaning the subject trades at a $132-per-month lower rent than this closest active peer. The Avanti at 760 Sheppard Ave W (0.33 km, 4 closed leases) realizes $2,825 per month at $3.12 per square foot over 906 square feet, placing the subject $260 below that benchmark. Two single-transaction comps—726 Sheppard Avenue W (0.18 km, 1 closed lease at $2,000 per month, $3.64 per square foot, 550 square feet) and Diva at 741 Sheppard Ave W (0.2 km, 1 closed lease at $2,100 per month, $3.82 per square foot, 550 square feet)—each show the subject commanding a higher nominal rent ($565 and $465 respectively), a gap explained entirely by the subject's 250-square-foot larger interior footprint rather than a stronger per-square-foot valuation.

Portrait Condominiums leases at $3.32 per square foot over an average 800-square-foot suite, positioning it below the overall comp average of $3.51 per square foot and well above the 699-square-foot comp average in total interior space. Against Westmount Boutique Residences, the subject trades at a $0.15-per-square-foot (4.3%) discount while providing 10 more interior square feet, delivering a slightly larger unit at a lower rate per square foot. Compared with 726 Sheppard Avenue W and Diva, the subject offers a $0.32 and $0.50 per-square-foot discount respectively, yet the nominal monthly rent is higher in both cases because the subject's 800-square-foot suite dwarfs their 550-square-foot layouts by 250 square feet—the rent differential is a footprint effect, not an asset-valuation premium. The Avanti presents the inverse trade-off: the subject commands a $0.20-per-square-foot (6.4%) premium over that building's $3.12 rate, but provides 106 fewer interior square feet, so the lower total monthly rent at the subject reflects a smaller leaseable area rather than weaker per-square-foot pricing.

Portrait Condominiums offers a 12-feature lifestyle package that extends well beyond the standard concierge-and-gym baseline shared by most Sheppard Avenue peers, distinguishing itself with a Yoga Studio, Pet Wash Station, Potting/Flower Arranging Room, and a dedicated Dining Room & Kitchen. Westmount Boutique Residences (700 Sheppard Ave W) matches the subject on concierge, gym, sauna, BBQ, party room, and garden but adds On-Site Retail and a Shared Laundry Room that the subject does not list, while 726 Sheppard Avenue W provides no common lifestyle or recreational facilities at all, operating as a bare-bones residential product. Diva (741 Sheppard Ave W) overlaps on concierge, gym, sauna, BBQ, party room, rooftop terrace, and garden but lacks the subject's Yoga Studio, Pet Wash Station, Potting Room, Dining Room, and Games & Billiards Room. The Avanti (760 Sheppard Ave W) includes a Meeting Room absent from the subject's roster but otherwise mirrors the core wellness and social features. This amenity mix—blending aquatic/wellness (sauna, steam, yoga), pet care, creative workspace (potting room), and communal dining—best serves the 30-to-45 professional renter who values a turnkey lifestyle environment with pet-friendly convenience and low-maintenance social spaces over a full-service hotel-style lobby.