Miracle at Yonge - I — Rental Market Data

There is currently 1 active rental listing available at 75 King William Cres in Richmond Hill. Over the past 30 days, availability has averaged 1 suites.

Current active inventory spans 2-bedroom floor plans.

Asking rents range across available layouts, averaging $2,900/month ($3.87/SF).

Landlords place an implied premium of $0/month for dedicated parking stalls and $0/month for suites with a den.

Asking rents at Miracle at Yonge - I ($2,900/month) are 3.3% higher than the Richmond Hill average ($2,808/month).

Miracle at Yonge - I's all-time average realized lease rent of $2,288 per month sits $308 below the four-comparable benchmark of $2,596, with the gap driven primarily by the three newer buildings on Oneida Crescent. Miracle at Yonge - II at 73 King William Cres (0.04 km, 2 closed leases) averaged $2,295 per month at $3.14 per square foot across 730 square feet, placing the subject just $7 lower on a near-identical rent basis. Yonge Parc 2 at 85 Oneida Cres (0.11 km, 12 closed leases) realized $2,654 per month at $3.50 per square foot over 767 square feet, putting the subject $366 below that mark. Era at Yonge at 95 Oneida Cres (0.13 km, 26 closed leases) averaged $2,733 per month at $3.71 per square foot across 744 square feet, a $445 gap. Yonge Parc at 75 Oneida Cres (0.13 km, 13 closed leases) closed at $2,700 per month, $3.51 per square foot, and 775 square feet, leaving the subject $412 lower in nominal rent.

Miracle at Yonge - I offers a $3.42 per square foot realized rate across an average 669-square-foot suite, trading at a modest discount to all three active Oneida Crescent competitors while commanding a small premium over its 2013 twin. Against Miracle at Yonge - II (730 sq ft, $3.14 per square foot), the subject trades at a $0.28 per square foot (8.9%) premium while providing 61 fewer interior square feet, meaning the lower nominal rent of $7 is entirely a function of the smaller footprint rather than a weaker per-foot valuation. Versus Yonge Parc 2 (767 sq ft, $3.50 per square foot), the subject trades at a $0.08 per square foot (2.3%) discount and provides 98 fewer interior square feet, so the $366 lower monthly rent reflects both a slightly cheaper rate and a meaningfully smaller unit. Against Era at Yonge (744 sq ft, $3.71 per square foot), the subject trades at a $0.29 per square foot (7.8%) discount with 75 fewer interior square feet, and the $445 rent gap is split between the lower per-foot rate and the reduced footprint. Yonge Parc (775 sq ft, $3.51 per square foot) shows a $0.09 per square foot (2.6%) discount for the subject with 106 fewer interior square feet, again blending a cheaper rate with a smaller suite to produce the $412 lower rent.

Miracle at Yonge - I fields a nine-item amenity package that overlaps heavily with its 2013 twin but distinguishes itself from the three newer Oneida Crescent buildings through its Media & Theatre Room and Private Change Rooms with Showers. Miracle at Yonge - II mirrors the subject on eight of nine features, adding a Meeting Room the subject lacks while missing the Private Change Rooms with Showers. Yonge Parc 2 (2022) replaces the subject's Yoga Studio, Dining Room & Kitchen, and Media & Theatre Room with an Indoor Pool, Rooftop Terrace, BBQ Area, EV Charging Station, and Pet Wash Station—amenities entirely absent from the subject. Era at Yonge (2024) similarly offers an Indoor Pool, Rooftop Terrace, Garden & Courtyard, BBQ Area, and EV Charging that the subject does not carry, though it shares the Yoga Studio and Dining Room & Kitchen. Yonge Parc (2020) adds a Rooftop Terrace, Garden & Courtyard, and Meeting Room not found in the subject's lineup. The subject's package—centred on fitness, wellness (sauna, steam, yoga), social dining, and a dedicated media room—suits cost-conscious professionals and small households who prioritize indoor recreation and communal living over outdoor terraces, aquatic facilities, or EV infrastructure.