GEM - Greenlife East Markham — Rental Market Data

GEM - Greenlife East Markham currently maintains 3 active listings as of August 31, 2026, with an asking price range spanning $2,350 to $2,900 per month, an average rent of $2,533 per month, and a median rent of $2,350 per month. Active suites average 900 square feet with an asking rate of $2.84 per square foot. The inventory is heavily weighted toward 1-Bedroom + Den layouts holding a 66.7% dominant share, leaning the overall active selection toward compact entry-level configurations rather than multi-bedroom executive suites.

The dominant active layout at GEM - Greenlife East Markham is the 1-Bedroom + Den, accounting for 2 listings and a 66.7% inventory share. Available 1-Bedroom + Den suites average $2,350 per month across an average of 800 square feet, achieving $2.95 per square foot. The 3-Bedroom+ tier comprises 1 listing representing a 33.3% share, asking an average of $2,900 per month across 1,100 square feet at a rate of $2.64 per square foot.

GEM - Greenlife East Markham exhibits a minimum entry rent of $2,350 per month and a peak asking rent of $2,900 per month, creating a dollar spread of $550 and a percentage spread of 23.4%. The median asking rent sits at $2,350 per month. The entry-level option consists of a 1-Bedroom + Den suite spanning 750 square feet at an asking rate of $3.13 per square foot, while the peak tier features a 3-Bedroom+ layout spanning 1,100 square feet at an asking rate of $2.64 per square foot.

GEM - Greenlife East Markham has an active den premium dollar amount and square footage delta that are currently unquantified due to insufficient active data. Den size deltas and marginal costs cannot be isolated from current listings. Furthermore, active parking premiums cannot be reliably isolated due to an anomalous outlier or insufficient paired sample.

GEM - Greenlife East Markham asks an average of $2,533 per month at $2.84 per square foot, compared to the Markham East submarket asking benchmark of $2,465 per month at $3.28 per square foot. The building's higher nominal monthly rent is driven by larger average suite sizing rather than higher unit pricing. The building's asking rate per square foot tracks 13.4% below the submarket asking benchmark, backed by 3 active listings representing 11.5% of the 26 total submarket listings.

GEM - Greenlife East Markham achieves an average lease rent of $2,506 per month, tracking near the overall micro-market comp average of $2,455 per month across its primary neighborhood benchmarks. GEM 2 - Greenlife East Markham at 39 New Delhi Dr reports an average lease rent of $2,500 per month at $2.76 per square foot across 925 square feet. GreenLife Golden at 7400 Markham Rd records an average lease rent of $2,400 per month at $2.59 per square foot across 936 square feet. Prentice Place at 7340 Markham Rd logs an average lease rent of $2,500 per month at $2.09 per square foot across a larger 1,195-square-foot average. Parkview Place at 7428 Markham Rd posts an average lease rent of $2,419 per month at $2.70 per square foot across 913 square feet.

GEM - Greenlife East Markham establishes its value proposition by offering an average lease rate of $2.51 per square foot across 1,013 square feet, trading below the submarket average of $3.26 per square foot while providing more expansive floor plans than most neighboring alternatives. Renters evaluate specific trade-offs when comparing the subject building against contemporaries such as GEM 2 - Greenlife East Markham ($2.76 per square foot across 925 square feet), GreenLife Golden ($2.59 per square foot across 936 square feet), and Parkview Place ($2.70 per square foot across 913 square feet), where the subject delivers between 77 and 100 more interior square feet at a more competitive rate per square foot. Conversely, while Prentice Place offers a larger 1,195-square-foot average at $2.09 per square foot, it represents an older 2008 completion generation, whereas GEM - Greenlife East Markham balances modern 2018 construction finishes with superior layout efficiency.

GEM - Greenlife East Markham delivers an extensive lifestyle and amenity package that stands out within the immediate Markham Road corridor, featuring a Concierge & Security, Gym & Fitness Centre, Yoga Studio, Party & Lounge Room, Meeting Room, Games & Billiards Room, Dining Room & Kitchen, and a BBQ Area. When contrasted with nearby peers, the subject building provides specialized wellness spaces like a dedicated Yoga Studio that outpaces the basic fitness rooms found at GreenLife Golden and Prentice Place. Furthermore, the subject property includes an indoor Dining Room & Kitchen alongside a BBQ Area, offering superior hosting infrastructure compared to Parkview Place (which features a Pet Wash Station alongside standard meeting and party rooms) and GEM 2 - Greenlife East Markham. This robust amenity profile particularly serves families and professionals seeking robust on-site recreational and social facilities without paying peak downtown rental tariffs.