Residences of College Park II — Rental Market Data

Residences of College Park II carries six active listings as of August 31, 2026, spanning $2,800 to $8,500 per month with an average asking rent of $4,492 and a median of $3,675. The average suite measures 890 square feet at an asking rate of $5.06 per square foot, and the inventory leans toward multi-bedroom executive layouts, with two-bedroom-plus-den units representing 66.7 percent of available stock. One-bedroom-plus-den suites make up the remaining 33.3 percent, positioning the building's current availability squarely in the upper-mid and premium segments rather than compact entry-level territory.

The dominant active layout at Residences of College Park II is the two-bedroom-plus-den, accounting for four of six listings and a 66.7 percent inventory share. That tier averages $4,813 per month across 960 square feet at $5.03 per square foot, while the one-bedroom-plus-den tier holds two listings at a 33.3 percent share, averaging $3,850 per month across 750 square feet at $5.13 per square foot. Both tiers offer a small selection of two or more units, giving renters limited but real choice within each bedroom category.

Residences of College Park II's active asking rents range from $2,800 to $8,500 per month, a dollar spread of $5,700 and a percentage spread of 203.6 percent. The median asking rent sits at $3,675 per month. The entry-level suite is a one-bedroom-plus-den measuring 750 square feet at $3.73 per square foot, while the peak listing is a two-bedroom-plus-den at 950 square feet commanding $8.95 per square foot.

Residences of College Park II does not have a reliably quantified den premium or square-footage delta from current active listings, as the paired sample is insufficient to isolate marginal den costs. Parking premiums likewise cannot be reliably isolated from the six active listings due to an unreliable or insufficient paired sample. However, verified historical lease data establishes a parking stall benchmark of $274 per month for tenants who secured a spot through a closed transaction.

Residences of College Park II asks an average of $4,492 per month at $5.06 per square foot, compared to the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The building's 11 percent premium on a per-square-foot basis reflects both larger average suite sizing and a layout mix weighted toward two-bedroom-plus-den units rather than a pure rate markup. The building holds six of the submarket's 224 active listings, representing roughly 2.7 percent of total Downtown Core availability.

Residences of College Park II leases at an average of $3,050 per month, which is $143 above the four-comp average of $2,907 but remains below The Penrose's $3,268 and Lumiere's $2,956. Residences of College Park I at 763 Bay St closed leases averaging $2,878 per month at $4.27 per square foot across 701 square feet of space. The Tower at 736 Bay St recorded an average lease of $2,527 per month at $4.22 per square foot over 611 square feet. Lumiere at 770 Bay St leased at $2,956 per month, $4.17 per square foot, and 714 square feet. The Penrose at 750 Bay St commanded the highest average rent in the set at $3,268 per month, $3.67 per square foot, and 896 square feet. The subject's $3,050 average sits between Lumiere and The Penrose in absolute dollars while delivering more square footage than three of the four competitors.

Residences of College Park II delivers 789 square feet of average suite area at $3.91 per square foot, a rate that undercuts all four nearby comparables except The Penrose and sits well below the Downtown Core submarket leased benchmark of $4.48 per square foot. Against Residences of College Park I, the subject provides 88 more square feet while trading at a $0.36-per-square-foot discount (8.4 percent below the comp's $4.27 rate). Compared with The Tower, tenants gain 178 additional square feet at a $0.31-per-square-foot discount (7.3 percent below the comp's $4.22 rate). Versus Lumiere, the subject offers 75 more square feet at a $0.26-per-square-foot discount (6.2 percent below the comp's $4.17 rate). The one exception is The Penrose, where the subject provides 107 fewer square feet and commands a $0.24-per-square-foot premium (6.5 percent above the comp's $3.67 rate), reflecting The Penrose's larger 896-square-foot average unit. In practical terms, a renter choosing the subject over the three smaller-footprint competitors gets meaningfully more living space at a lower cost per square foot, while the trade-off against The Penrose is a smaller unit at a slightly higher per-square-foot rate.

Residences of College Park II offers a 14-item amenity suite that includes several signature features absent from three of its four nearest competitors, positioning it as the most well-rounded lifestyle package in the immediate Bay Street cluster. The building's golf simulator is not available at The Tower, Lumiere, or The Penrose, giving residents a private practice facility that none of those three properties match. A dedicated business centre with meeting room access is likewise missing from The Tower, Lumiere, and The Penrose, catering directly to remote and hybrid professionals who need a walk-in workspace beyond a basic lobby desk. The garden and courtyard space at the subject building is not replicated at any of the three named competitors, offering an outdoor green area in a dense downtown setting. Hot tub and jacuzzi access, combined with a sauna and steam room, distinguishes the subject from Lumiere, which offers neither spa facility. Finally, the subject's yoga studio is absent from The Tower and The Penrose, both of which rely on a general fitness centre without a dedicated low-impact movement space. Collectively, this amenity profile—golf simulator, business centre, garden courtyard, full spa suite, and yoga studio—serves the professional renter who wants a turnkey urban lifestyle that blends wellness, productivity, and outdoor respite without leaving the building.