Lumiere — Rental Market Data

Lumiere features 4 active listings as of August 31, 2026, with asking rents ranging from $2,350 to $5,000 per month, an average monthly rent of $3,125 per month, and a median monthly rent of $2,575 per month. Active suites average 713 square feet at an asking rate of $4.36 per square foot, with 1-Bedroom layouts capturing a dominant 50 percent share of current availability. The active inventory leans toward a mix of compact entry-level suites and larger multi-bedroom executive layouts.

The dominant active layout at Lumiere is the 1-Bedroom configuration, accounting for 2 active listings and a 50 percent inventory share with an average asking rent of $2,400 per month across 550 square feet at $4.36 per square foot. The 1-Bedroom + Den tier comprises 1 listing representing a 25 percent share, asking $2,700 per month for 650 square feet at $4.15 per square foot. The 3-Bedroom+ tier rounds out the inventory with 1 listing holding a 25 percent share, asking $5,000 per month across 1,100 square feet at $4.55 per square foot.

Lumiere exhibits a minimum entry rent of $2,350 per month and a peak asking rent of $5,000 per month, creating a dollar spread of $2,650 and a percentage spread of 112.8 percent. The median asking rent sits at $2,575 per month. The entry-level tier consists of a 1-Bedroom suite spanning 550 square feet priced at $4.27 per square foot, while the peak tier is represented by a 3-Bedroom+ suite spanning 1,100 square feet priced at $4.55 per square foot.

Lumiere commands an active den premium of $300 per month for an additional 100 square feet of interior space, reflecting a marginal cost of $3 per square foot for the extra den area. Active parking premiums cannot be reliably isolated from current listings due to an insufficient sample or anomalous outlier data. Verified historical lease data indicates a structured parking cost of $162 per month.

Lumiere asks an average of $3,125 per month at $4.36 per square foot, which trades below the Downtown Core submarket asking rent benchmark of $3,471 per month and submarket asking rate of $4.56 per square foot. The lower nominal monthly rent is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 4.4 percent below the submarket asking benchmark across its 4 active listings out of 224 total submarket units.

Lumiere achieves an average lease rent of $2,962 per month, aligning closely with the overall comparable average of $2,937 per month across its primary competitors on Bay Street. The Penrose (750 Bay St) records an average lease rent of $3,268 per month at $3.67 per square foot across an average of 896 square feet. Residences of College Park I (763 Bay St) logs an average lease rent of $2,878 per month at $4.27 per square foot across 701 square feet. The Tower (736 Bay St) averages $2,527 per month at $4.22 per square foot across 611 square feet. Finally, Residences of College Park II (761 Bay St) posts an average lease rent of $3,074 per month at $3.89 per square foot across an average suite size of 800 square feet.

Lumiere establishes its value proposition by trading at an average of $4.17 per square foot across an average footprint of 716 square feet, positioning itself competitively against surrounding mid-2000s and 1990s alternatives in the Downtown Core submarket. Renters evaluating Lumiere weigh the benefits of a 2011 construction age against older alternatives like The Penrose (896 square feet at $3.67 per square foot) and Residences of College Park II (800 square feet at $3.89 per square foot), where larger legacy layouts yield lower nominal rates per square foot but trade away modern finish integration. Conversely, when compared against compact footprints such as The Tower (611 square feet at $4.22 per square foot) and Residences of College Park I (701 square feet at $4.27 per square foot), Lumiere provides more interior square footage while offering a more competitive rate per square foot than Residences of College Park I.

Lumiere delivers a robust lifestyle and amenity package that stands out within its immediate Bay Street micro-market, featuring signature offerings such as an indoor pool, a fully equipped gym and fitness centre, a dedicated yoga studio, an expansive rooftop terrace with a BBQ area, and a private squash and racquetball court. When contrasted with nearby competitors, Lumiere's wellness and recreational options rival or exceed older properties; for instance, while The Penrose features an indoor running track and hot tubs, Lumiere counters with its specialized squash and racquetball court and contemporary yoga studio. Similarly, compared to Residences of College Park I and II—which include golf simulators and business centres—Lumiere emphasizes active fitness and social hosting via its dedicated games and media rooms, making it particularly attractive to young professionals and urban couples seeking an active downtown lifestyle.