WaterGarden — Rental Market Data

WaterGarden has one active listing as of August 31, 2026, asking $3,225 per month with both the average and median rent at that same figure. The suite measures 950 square feet at an asking rate of $3.39 per square foot, and the 100 percent layout share belongs to a two-bedroom configuration. With only a single unit on the market, inventory is limited to this one multi-bedroom executive layout rather than a spread of compact entry-level suites.

The sole active layout at WaterGarden is a two-bedroom unit, representing 100 percent of available inventory with one listing. That single suite asks $3,225 per month for 950 square feet at $3.39 per square foot, and no one-bedroom, studio, or three-bedroom tiers currently have active listings. Renters seeking alternative bedroom counts at this address will need to direct their search to other Thornhill buildings.

WaterGarden's single active listing sets both the minimum and maximum asking rent at $3,225 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same two-bedroom unit at 950 square feet and $3.39 per square foot, so there is no internal price gradient to evaluate. With only one unit listed, the pricing spread cannot be meaningfully characterized beyond this single data point.

Active den premium and square-footage delta figures for WaterGarden are unquantified due to insufficient paired sample data. Marginal cost per square foot for additional den space therefore cannot be calculated from the current listing. On parking, the active premium cannot be reliably isolated from the dataset, though verified historical lease records show a $250-per-month parking stall add-on that may serve as a reasonable reference point for prospective renters.

WaterGarden's active asking rent of $3,225 per month exceeds the Thornhill submarket average asking rent of $2,726, yet its rate of $3.39 per square foot sits 7.4 percent below the submarket asking benchmark of $3.66 per square foot. The higher nominal rent is driven by the suite's expansive 950-square-foot footprint, which is 205 square feet larger than the submarket implied average of 745 square feet, rather than by a premium per-unit pricing strategy. WaterGarden's single active listing represents one out of 63 available listings in the Thornhill submarket.

WaterGarden's average realized lease rent of $2,050 per month sits $923 below the overall comp benchmark of $2,973, with the gap driven primarily by the building's smaller average suite footprint rather than a weaker rate per square foot. Central Park on Yonge II at 7398 Yonge St (0.31 km, built in 1997) closed one lease at an average of $2,400 per month, $3.20 per square foot, and 750 square feet; the subject trades at a lower monthly rent of $350 below that comp. Central Park on Yonge I at 7378 Yonge St (0.48 km, built in 1997) closed one lease at $2,900 per month, $3.41 per square foot, and 850 square feet; the subject's realized rent is $850 lower. Skyrise on Yonge I at 7300 Yonge St (0.74 km, built in 1991) closed four leases averaging $3,619 per month, $3.09 per square foot, and 1,515 square feet; the subject trades at a lower monthly rent of $1,569 below that benchmark. Skyrise on Yonge II at 1 Clark Ave W (0.66 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent figure to benchmark against.

WaterGarden's leased rate of $3.51 per square foot across an average 583-square-foot suite positions the building at a premium per-square-foot rate relative to every active competitor while delivering materially fewer interior square feet, making the lower nominal rent a footprint effect rather than a valuation discount. Against Central Park on Yonge II, the subject commands a $0.31 per square foot (9.7%) premium while providing 167 fewer interior square feet, so the $350 lower monthly rent reflects the smaller suite rather than weaker asset pricing. Against Central Park on Yonge I, the subject trades at a $0.10 per square foot (2.9%) premium with 267 fewer square feet, and the $850 rent gap is again a function of the 850-square-foot comp suite versus the subject's 583-square-foot average. Skyrise on Yonge I presents the widest spread: the subject commands a $0.42 per square foot (13.6%) premium yet provides 932 fewer square feet, and the $1,569 lower monthly rent is entirely attributable to the 1,515-square-foot Skyrise suite versus WaterGarden's compact layout. In every active comparison, the subject's per-square-foot rate exceeds the comp's, confirming that the nominal rent differential is a space-volume trade-off, not a rate concession.

WaterGarden offers an 11-feature lifestyle package that includes an EV charging station, business centre, media and theatre room, library and reading room, dining room and kitchen, and a dedicated garden and courtyard—amenities absent from both Central Park towers and distinguishing the building from its 1997-era peers. Central Park on Yonge II provides only a BBQ area, outdoor children's playground, concierge, and rooftop terrace, while Central Park on Yonge I adds a pet wash station to a similar four-feature set; neither offers a fitness centre, meeting room, or any indoor recreational space. The Skyrise pair (I and II) counters with an indoor pool, sauna and steam room, tennis and pickleball court, squash and racquetball court, games and billiards room, and rooftop terrace—features WaterGarden does not include—but the subject differentiates with its EV charging infrastructure, business centre, media and theatre room, library, dining room and kitchen, and landscaped garden courtyard. The resulting package best serves young professionals and small households in Thornhill who prioritize remote-work flexibility, EV readiness, and a curated indoor social environment over resort-style aquatic or racquet-sport facilities.