The Narrative Condos - Tower A — Rental Market Data

The Narrative Condos – Tower A has 2 active rental listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,300 per month, an average of $2,250, and a median of $2,250. Both available units are 2-bedroom layouts averaging 628 square feet at $3.59 per square foot, meaning 100 percent of current inventory sits in the multi-bedroom tier. The active mix leans toward mid-size two-bedroom suites rather than compact entry-level one-bedrooms or larger executive three-bedroom configurations.

The dominant and sole active layout at The Narrative Condos – Tower A is the 2-Bedroom, with 2 units representing 100 percent of available inventory. Both listings average $2,250 per month across 628 square feet, yielding a blended asking rate of $3.59 per square foot. No 1-bedroom, studio, or 3-bedroom units are currently on the market at this address.

The Narrative Condos – Tower A shows a $100 spread between its minimum entry rent of $2,200 and peak asking rent of $2,300, a 4.5 percent range across two active listings. The median asking rent sits at $2,250 per month. The entry-level option is a 2-bedroom unit at 650 square feet priced at $3.38 per square foot, while the peak listing is a 2-bedroom at 605 square feet carrying a $3.80 per square foot rate.

Den premium data for The Narrative Condos – Tower A cannot be quantified from the current active sample, as no paired den versus non-den comparisons exist among the two listed units. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, so no specific monthly parking figure can be quoted for current listings. Historical lease data does confirm a verified parking add-on of $153 per month, which may serve as a reasonable reference point for prospective tenants.

The Narrative Condos – Tower A asks an average of $2,250 per month at $3.59 per square foot, compared to the Scarborough East submarket asking benchmark of $2,397 per month at $3.14 per square foot. The building's nominal rent is $147 below the submarket average, but its 628-square-foot suites are priced 14.3 percent higher on a per-foot basis, reflecting the premium attached to newer construction and larger two-bedroom footprints. The tower's two active listings represent 2 out of 30 available units in the Scarborough East submarket, or roughly 6.7 percent of total active inventory.

The Narrative Condos – Tower A realized an average lease rent of $2,219 per month over the trailing year, which sits $308 below the four-comp blended benchmark of $2,527 and is anchored by Tower B's $2,158 and the legacy buildings' $2,450–$2,750 range. The closest active peer, The Narrative Condos – Tower B at 7437 Kingston Rd (0.01 km, 27 closed leases), averaged $2,158 per month at $3.77 per square foot across 595 square feet; the subject commands a $61-per-month higher rent than Tower B despite offering 35 more interior square feet. Platinum on the Rouge at 11753 Sheppard Ave E (0.56 km, 1 closed lease) recorded an average of $2,750 per month at $2.50 per square foot over 1,100 square feet, placing the subject $531 below that mark. Camargue II at 20 Dean Park Rd (2.2 km, 3 closed leases) averaged $2,450 per month at $2.44 per square foot across 1,000 square feet, with the subject trading $231 lower. Camargue I at 10 Dean Park Rd (2.24 km, 1 closed lease) matched Platinum's $2,750 average at $2.50 per square foot and 1,100 square feet, again $531 above the subject's realized rent.

The Narrative Condos – Tower A leases at $3.70 per square foot across an average 630-square-foot suite, a rate that trades at a $0.07-per-square-foot (1.9%) discount below its nearest sister tower while commanding a substantial premium over the three legacy competitors. Against Tower B (0.01 km), the subject offers 35 more interior square feet at a slightly lower per-square-foot rate, making it the more space-efficient option in the immediate pair. Versus Platinum on the Rouge (0.56 km), the subject commands a $1.20-per-square-foot (48%) premium but provides 470 fewer interior square feet; the $531 lower nominal rent is driven entirely by the smaller footprint rather than a discount in asset valuation. The same trade-off holds against Camargue II (2.2 km), where the subject carries a $1.26-per-square-foot (51.6%) premium over 370 fewer square feet, and against Camargue I (2.24 km), where the $1.20-per-square-foot (48%) premium coincides with 470 fewer square feet. In each legacy comparison, the lower monthly rent reflects a compact 630-square-foot layout rather than weaker per-unit pricing power.

The Narrative Condos – Tower A fields a 10-item amenity suite centred on fitness, social gathering, and family programming, distinguishing it from the aquatic-and-sports-heavy packages of the three 1980s–1990s competitors. The subject's Yoga Studio, Business Centre, Rooftop Terrace, BBQ Area, and dedicated Kids' Play Room (indoor) plus Children's Playground (outdoor) are all absent from Platinum on the Rouge, Camargue I, and Camargue II, which instead anchor their offerings around Indoor Pools, Hot Tubs & Jacuzzis, Saunas & Steam Rooms, and Tennis & Pickleball Courts. Tower B, the closest direct competitor, overlaps heavily with the subject but adds a Wellness Spa, Dining Room & Kitchen, Hobby Room, and EV Charging Station that the subject does not carry. The subject's lifestyle package—rooftop social space, business centre for remote work, structured kids' programming, and a dedicated yoga studio—targets young professional couples and small families in Scarborough East who prioritise flexible work-from-home infrastructure, family-friendly common areas, and outdoor social space over the resort-style aquatic facilities that define the older peer buildings.