The Liberties on Bay II — Rental Market Data

The Liberties on Bay II has one unit actively listed as of August 31, 2026, asking $2,850 per month with both the average and median rent at that same figure. The available suite spans 806 square feet at an asking rate of $3.54 per square foot, and the 100 percent layout share belongs to the one-bedroom plus den tier. With a single listing on the market, inventory is neither skewed toward compact entry-level suites nor multi-bedroom executive layouts; it represents a mid-range, den-equipped one-bedroom offering in a building where the historical lease mix also favors this configuration.

The sole active layout at The Liberties on Bay II is the one-bedroom plus den, accounting for 100 percent of available inventory with a single listing. That unit asks $2,850 per month across 806 square feet, translating to $3.54 per square foot. No other bedroom tier—whether studio, two-bedroom, or three-bedroom—currently has an active listing, so renters seeking alternative configurations must look to the broader Downtown Core submarket's 224 available listings.

The Liberties on Bay II shows a minimum entry rent of $2,850 per month and a peak asking rent of $2,850 per month, producing a dollar spread of $0 and a percentage spread of 0 percent. The median asking rent also lands at $2,850 per month, confirming a single-point price structure. The entry-level and peak suite are the same unit: an 806-square-foot one-bedroom plus den at $3.54 per square foot, so no tier differentiation exists in the current active inventory.

The Liberties on Bay II does not have a quantified active den premium, as the dollar amount, square footage delta, and marginal cost per square foot for den space are all unrecorded in the current dataset. Parking stall costs likewise cannot be reliably isolated from the available paired data, and no verified monthly parking fee can be quoted for this building. Renters should request both den and parking specifics directly from the listing agent or property management to confirm any add-on charges.

The Liberties on Bay II asks $2,850 per month at $3.54 per square foot, compared to the Downtown Core submarket average asking rent of $3,471 per month and $4.56 per square foot. The building's 22.4 percent per-square-foot discount reflects both a genuinely lower rate and the fact that its 806-square-foot active suite is 45 square feet larger than the submarket implied average of 761 square feet, meaning the nominal rent gap is narrower than the per-square-foot gap suggests. The Liberties on Bay II represents 1 out of 224 available listings in the Downtown Core submarket, a 0.4 percent share of total active inventory.

The Liberties on Bay II's one-year average realized lease rent of $2,869 per month sits $180 below the four-comp benchmark of $3,049 per month, with The Tower at 736 Bay St and Residences of College Park II at 761 Bay St as the primary volume drivers in the set. The Liberties on Bay I (717 Bay St, 0.01 km, 10 closed leases) averaged $3,420 per month at $3.24 per square foot across 1,061 square feet; The Liberties on Bay III (44 Gerrard St W, 0.04 km, 9 closed leases) averaged $3,176 per month at $4.23 per square foot across 819 square feet; The Tower (736 Bay St, 0.11 km, 26 closed leases) averaged $2,527 per month at $4.22 per square foot across 611 square feet; and Residences of College Park II (761 Bay St, 0.11 km, 34 closed leases) averaged $3,074 per month at $3.89 per square foot across 800 square feet. All four competitors recorded active lease volume, so each provides a realized rent benchmark rather than a reference-only data point.

The Liberties on Bay II leases at $3.61 per square foot with an 812-square-foot average suite, placing it at a modest discount to the four-comp average of $3.90 per square foot and 823 square feet while offering a comparable interior footprint. Against The Liberties on Bay I, the subject trades at a $0.37 per square foot (11.4 percent) premium yet provides 249 fewer interior square feet, meaning the lower nominal rent of $551 per month reflects the smaller suite rather than a weaker per-unit valuation. Versus The Liberties on Bay III, the subject trades at a $0.62 per square foot (14.7 percent) discount and delivers 7 fewer square feet, so the $307-per-month rent gap is driven almost entirely by the per-square-foot rate differential on a near-identical footprint. The Tower presents the sharpest trade-off: the subject commands a $342-per-month higher rent yet trades at a $0.61 per square foot (14.5 percent) discount, because the subject provides 201 more interior square feet—the nominal premium is a footprint effect, not a rate advantage. Residences of College Park II shows the subject at a $0.28 per square foot (7.2 percent) discount with 12 more square feet, yielding a $205-per-month lower rent that again traces to the per-unit rate rather than suite size.

The Liberties on Bay II carries an 18-feature amenity package that spans aquatic, wellness, remote-work, and social-lifestyle categories, placing it at or near the top of its immediate peer set. The subject's Meeting Room and Library & Reading Room are absent from both The Liberties on Bay I and The Liberties on Bay III, while its Indoor Running Track, Hobby Room, and Beauty Parlour are features The Tower (736 Bay St) does not offer. Residences of College Park II counters with a Golf Simulator that the subject lacks, but the subject retains the Indoor Running Track, Library & Reading Room, Hobby Room, and Beauty Parlour that College Park II omits. The net effect is a full-service, wellness-forward lifestyle package—indoor pool, hot tub, sauna and steam room, yoga studio, gym, rooftop terrace, garden courtyard, and a dedicated business centre—that best serves professionals and active renters in the Downtown Core who want a turnkey residential experience without the premium pricing of newer or larger-footprint competitors.