Promenade Towers III — Rental Market Data

Promenade Towers III has 1 active listing as of August 31, 2026, with an asking price range, average rent, and median rent per month all locked at $3,450 per month. The active unit spans an average of 1,288 square feet with an asking rate of $2.68 per square foot. A 2-bedroom layout commands a 100 percent share of current inventory, indicating that active stock leans entirely toward multi-bedroom executive layouts rather than compact entry-level suites.

The dominant active layout at Promenade Towers III is the 2-Bedroom, represented by 1 active listing capturing a 100 percent inventory share. This single active 2-bedroom suite asks $3,450 per month across 1,288 square feet at a rate of $2.68 per square foot. All other layout tiers currently record zero units available on the market.

Promenade Towers III features a minimum entry rent and peak asking rent both established at $3,450 per month, resulting in a dollar spread of $0 per month and a percentage spread of 0 percent. The median asking rent matches this figure at $3,450 per month. The entry-level and peak suite is a 2-bedroom layout measuring 1,288 square feet with an asking rate of $2.68 per square foot.

Promenade Towers III has unquantified den premiums, with both active den premium dollars and square footage deltas recorded as null. Active parking premium data cannot be reliably isolated due to an unreliable outlier or insufficient sample, meaning parking stall costs cannot be definitively determined from current listings.

Promenade Towers III asks an average of $3,450 per month at $2.68 per square foot, compared to the Thornhill submarket asking benchmarks of $2,726 per month and $3.66 per square foot. The lower nominal asking rate per square foot—running 26.8 percent below the submarket asking benchmark—stems from the building's larger suite sizing rather than cheaper unit pricing, while the property accounts for 1.6 percent of the submarket's 63 active listings.

Promenade Towers III records an average lease rent that aligns closely with its mature neighbours, comparing against an overall competitive set average of $2,814 per month. Promenade Towers II at 7440 Bathurst St reports an average lease rent of $3,133 per month at $2.55 per square foot across 1,233 square feet. Promenade Park Towers - Building A at 30 Upper Mall Way reports an average lease rent of $2,482 per month at $3.45 per square foot across 723 square feet. Promenade Towers I at 7420 Bathurst St posts an average lease rent of $3,200 per month at $2.46 per square foot across 1,300 square feet. Finally, Promenade Park Towers - Building B at 50 Upper Mall Way records an average lease rent of $2,439 per month at $3.94 per square foot across 642 square feet.

Promenade Towers III defines its value proposition by offering a lower rate per square foot and larger floor plans compared to newly constructed alternatives in the immediate area. Renters trading down from new builds benefit from substantially larger square footages without paying the steep $3.94 per square foot premiums seen at Promenade Park Towers - Building B or the $3.45 per square foot charged at Promenade Park Towers - Building A. While newer construction delivers compact, highly efficient layouts averaging between 642 and 723 square feet, Promenade Towers III provides expansive traditional footprints that deliver greater overall living space for the monthly outlay.

Promenade Towers III delivers a comprehensive, recreation-focused amenity package that rivals newer developments while leaning into traditional square footage. Residents enjoy signature features including a concierge and security service, an outdoor pool, a sauna and steam room, a squash and racquetball court, and a tennis and pickleball court. Newer alternatives such as Promenade Park Towers - Building A incorporate contemporary additions like a yoga studio, a golf simulator, a pet wash station, and a dog run, yet lack the sprawling outdoor recreational courts and traditional squash facilities found at Promenade Towers III. This established amenity profile particularly serves families and long-term residents seeking active lifestyle options and generous indoor common spaces rather than micro-condo conveniences.