Residences of College Park I — Rental Market Data

Residences of College Park I features 3 active listings as of August 31, 2026, offering an asking price range of $2,150 to $2,600 per month with an average rent of $2,450 per month and a median rent of $2,600 per month. Active suites average 550 square feet at an asking rate of $4.57 per square foot, dominated by 1-bedroom configurations that hold a 66.7 percent share of the current active market. Overall inventory leans heavily toward compact, entry-level layouts rather than multi-bedroom executive suites.

The dominant active layout at Residences of College Park I is the 1-Bedroom, representing 2 listings and a 66.7 percent inventory share. This tier commands an average rent of $2,600 per month across an average of 625 square feet at $4.17 per square foot. Studio units comprise the remaining 1 active listing, holding a 33.3 percent share with an average rent of $2,150 per month across 400 square feet at $5.38 per square foot.

Residences of College Park I demonstrates a minimum entry rent of $2,150 per month and a peak asking rent of $2,600 per month, creating a dollar spread of $450 and a percentage spread of 20.9 percent. Median asking rent rests at $2,600 per month, while the entry-level benchmark is anchored by a 400-square-foot studio asking $5.38 per square foot. At the top of the pricing schedule, the peak tier consists of a 650-square-foot 1-bedroom suite asking $4.00 per square foot.

Active den premium data for Residences of College Park I cannot be isolated as active den metrics are unrecorded. Parking stall costs for active listings cannot be reliably isolated due to an insufficient paired sample.

Residences of College Park I asks an average of $2,450 per month at $4.57 per square foot, comparing against the Downtown Core submarket asking benchmark of $3,471 per month at $4.56 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building asking rate per square foot tracks 0.2 percent above the submarket asking benchmark while representing 3 active listings out of a submarket total of 224 active rentals.

Residences of College Park I achieves an average lease rent of $2,887 per month, sitting closely against the overall comp average of $2,956 per month across key benchmarks such as Residences of College Park II, Lumiere, The Tower, and The Penrose. Individual competitor performance includes Residences of College Park II at 761 Bay St with an average rent of $3,074 per month, $3.89 per square foot, and an average size of 800 square feet. Lumiere at 770 Bay St records an average rent of $2,956 per month, $4.17 per square foot, and 714 square feet. The Tower at 736 Bay St registers an average rent of $2,527 per month, $4.22 per square foot, and 611 square feet. Finally, The Penrose at 750 Bay St posts an average rent of $3,268 per month, $3.67 per square foot, and an average size of 896 square feet.

Residences of College Park I establishes its value proposition by offering an average leased rate of $4.28 per square foot across a mean suite size of 702 square feet, positioning itself competitively relative to nearby alternatives and the broader submarket benchmark. Renters evaluating this building versus older alternatives like The Tower (611 square feet at $4.22 per square foot) or larger early-generation footprints like The Penrose (896 square feet at $3.67 per square foot) trade off minor variations in square footage for modern functional layouts, established property management, and central Bay Street positioning. Compared to mid-2000s peer Residences of College Park II (800 square feet at $3.89 per square foot), the subject building delivers efficient urban footprints that appeal to tenants prioritizing core convenience over oversized floor plans.

Residences of College Park I delivers an extensive lifestyle and amenity package that matches or exceeds the offerings found across competing Bay Street towers. The subject property features a 24-hour concierge and security, a fully equipped gym and fitness centre, a dedicated yoga studio, an indoor swimming pool, a hot tub and jacuzzi, a sauna and steam room, a party and lounge room, a meeting room, a business centre, a media and theatre room, a games and billiards room, a rooftop terrace, and a garden and courtyard, directly rivaling competing spaces at Residences of College Park II, Lumiere, The Tower, and The Penrose. While Lumiere offers a squash and racquetball court and The Penrose includes an indoor running track and aerobic studio, Residences of College Park I distinguishes itself with unique additions like a golf simulator. This robust amenity ecosystem particularly serves urban professionals and medical personnel seeking comprehensive on-site wellness and recreational facilities without leaving the building.