Tango 2 — Rental Market Data

Tango 2 at 72 Esther Shiner Blvd has four active rental listings as of August 31, 2026, with asking rents ranging from $2,150 to $2,500 per month, an average of $2,325 per month, and a median of $2,325 per month. The average suite size across active listings is 658 square feet at an asking rate of $3.61 per square foot. Inventory is split evenly between one-bedroom suites (50 percent) and one-bedroom-plus-den layouts (50 percent), placing the current availability squarely in the compact entry-level to mid-tier segment rather than multi-bedroom executive configurations.

The dominant active layout at Tango 2 is the one-bedroom, with two listings representing 50 percent of available inventory at an average asking rent of $2,200 per month across 550 square feet and a rate of $4.00 per square foot. The one-bedroom-plus-den tier also holds two listings at 50 percent share, averaging $2,450 per month over 766 square feet at $3.22 per square foot. Both tiers offer a small but paired selection, so renters in either category have at least two comparable options to compare.

Tango 2's active asking rents span from a minimum of $2,150 per month to a peak of $2,500 per month, producing a dollar spread of $350 and a percentage spread of 16.3 percent. The median asking rent sits at $2,325 per month, anchoring the mid-range of the available inventory. The entry-level suite is a one-bedroom at 550 square feet priced at $3.91 per square foot, while the peak listing is a one-bedroom-plus-den at 716 square feet carrying a rate of $3.49 per square foot, reflecting the larger footprint diluting the per-square-foot cost despite the higher absolute rent.

At Tango 2, the active den premium is quantified at $250 per month for an additional 216 square feet of space, translating to a marginal cost of $1.16 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the current dataset due to an anomalous outlier or insufficient paired sample, so no specific monthly parking fee can be quoted with confidence.

Tango 2's active asking rent of $2,325 per month and $3.61 per square foot both sit below the Don Valley North submarket asking benchmarks of $2,608 per month and $3.93 per square foot, placing the building at an 8.1 percent discount on a per-square-foot basis. The nominal monthly rent gap narrows when accounting for suite size: Tango 2's active average footprint of 658 square feet is more compact than the submarket's typical lease size, which partially explains the lower absolute dollar figure despite a competitive per-square-foot rate. The building currently accounts for four out of 225 available listings in the Don Valley North submarket, representing roughly 1.8 percent of total active inventory.

Tango 2's average realized lease rent of $2,422 per month runs $41 above the four-comp benchmark of $2,381, with the spread driven by suite size rather than rate per square foot. Tango at 121 McMahon Dr (0.11 km, 23 closed leases) averages $2,395 per month at $3.62 per square foot across 667 square feet, placing the subject $27 higher in nominal rent. Discovery II – Park Place (D) at 15 Singer Crt (0.14 km, 7 closed leases) posts $2,472 per month at $3.50 per square foot over 720 square feet, meaning the subject trades $50 lower. Discovery II – Park Place (E) at 19 Singer Crt (0.14 km, 16 closed leases) records $2,321 per month at $3.48 per square foot across 704 square feet, with the subject commanding $101 more. Omega on the Park at 115 McMahon Dr (0.15 km, 33 closed leases) averages $2,337 per month at $3.90 per square foot over 611 square feet, placing the subject $85 higher in total rent. All four competitors recorded active lease volume, so each provides a realized pricing benchmark rather than a reference-only data point.

Tango 2 leases at $3.40 per square foot across 724 square feet, a rate that sits below every active competitor in this pocket while delivering the largest average interior footprint of the group. Against Tango (0.11 km), the subject trades at a $0.22 per square foot (6.1%) discount and provides 57 more interior square feet, so the $27 higher nominal rent is entirely a function of the larger suite rather than a rate premium. Compared with Discovery II – Park Place (D) (0.14 km), the subject offers a $0.10 per square foot (2.9%) discount and 4 additional square feet, resulting in a $50 lower monthly rent that reflects the slightly lower unit rate on a near-identical footprint. Versus Discovery II – Park Place (E) (0.14 km), the subject carries a $0.08 per square foot (2.3%) discount and 20 more square feet, pushing total rent $101 higher despite the cheaper per-square-foot rate. Omega on the Park (0.15 km) presents the widest gap: the subject trades at a $0.50 per square foot (12.8%) discount while providing 113 more interior square feet, so the $85 higher nominal rent is a direct consequence of the substantially larger living area at a markedly lower unit rate. In every pairing, the subject's lower per-square-foot rate is offset by greater interior space, making the nominal rent variance a footprint effect rather than an asset-valuation signal.

Tango 2 offers a 14-feature lifestyle package that overlaps heavily with its four nearest peers but differentiates through shuttle service, a media and theatre room, and a dedicated tai chi deck—amenities absent from at least one named competitor in each category. The subject's shuttle service is not available at Tango, Discovery II – Park Place (E), or Omega on the Park, giving residents a direct transit link that three of four peers lack. The media and theatre room is missing from Discovery II – Park Place (D) and Omega on the Park, while the tai chi deck has no direct equivalent in any competitor's roster. Conversely, all four competitors feature an indoor pool that Tango 2 does not provide, and the Discovery II towers add yoga studios, basketball courts, and (in Building E) an outdoor pool, squash court, rock climbing wall, and children's play facilities that the subject omits. Omega on the Park extends its recreation set with a car wash bay, tennis and pickleball courts, a bowling alley, and a putting green—sport-specific amenities outside Tango 2's wellness-and-social focus. The building's package best serves professionals and small households who prioritise a concierge-supported, low-maintenance social environment with fitness, hot tub, sauna, rooftop terrace, and pet wash access over competitive sports courts or aquatic facilities.