Greenlife Midtown Markham — Rental Market Data

Greenlife Midtown Markham's all-time average realized lease rent of $2,418 per month sits $64 below the four-comp blended benchmark of $2,482 per month, with the closest active competitors being The Signature Collection – Building K at 180 Enterprise Blvd and Residences of Casa Del Sol (A) at 7363 Kennedy Rd. The Signature Collection – Building K, 1.59 kilometres away, recorded 21 closed leases over the trailing 180 days at an average of $2,339 per month, $3.69 per square foot, and 638 square feet. Residences of Casa Del Sol (A), 1.12 kilometres out, logged three closed leases averaging $2,317 per month, $2.98 per square foot, and 800 square feet. The Residences of South Unionville Square at 8323 Kennedy Rd, 1.43 kilometres distant, closed 11 leases at $2,173 per month, $3.75 per square foot, and 582 square feet. Residences of Casa Del Sol (B) at 7373 Kennedy Rd, 1.11 kilometres away, recorded a single closed lease at $3,100 per month, $2.38 per square foot, and 1,300 square feet.

Greenlife Midtown Markham leases at $3.15 per square foot on an average 813-square-foot suite, positioning it below the submarket benchmark of $3.57 per square foot and slightly under the four-comp average of $3.20 per square foot and 830 square feet. Against Residences of Casa Del Sol (B), the subject commands a $0.77 per square foot (32.4%) premium while providing 487 fewer interior square feet, meaning the $682-per-month lower nominal rent is driven entirely by the smaller footprint rather than a weaker per-square-foot valuation. Versus Residences of Casa Del Sol (A), the subject trades at a $0.17 per square foot (5.7%) premium with 13 more interior square feet, yielding a $101-per-month higher rent that reflects both a slightly larger suite and a modest rate advantage. Against The Residences of South Unionville Square, the subject trades at a $0.60 per square foot (16.0%) discount while providing 231 more interior square feet, so the $245-per-month higher nominal rent is a function of the larger suite rather than a per-square-foot premium. The same pattern holds against The Signature Collection – Building K, where the subject offers a $0.54 per square foot (14.6%) discount with 175 more interior square feet, producing a $79-per-month higher rent driven by footprint scale.

Greenlife Midtown Markham offers a seven-feature lifestyle package—Concierge & Security, EV Charging Station, Gym & Fitness Centre, Indoor Pool, Party & Lounge Room, Meeting Room, and Garden & Courtyard—that is broadly competitive but differentiated by the inclusion of on-site EV charging, a feature absent from all four nearby comparables. The subject's Indoor Pool and Garden & Courtyard match offerings at Residences of Casa Del Sol (B), Residences of Casa Del Sol (A), and The Signature Collection – Building K, while its Meeting Room and Party & Lounge Room are shared across the entire peer set. Where the subject falls short is in wellness and entertainment depth: the Casa Del Sol pair adds Sauna & Steam Room, Media & Theatre Room, and Games & Billiards Room, South Unionville Square contributes a Rooftop Terrace and Media & Theatre Room, and Building K layers in a Hot Tub & Jacuzzi plus a Rooftop Terrace—none of which appear in the subject's amenity roster. The EV Charging Station combined with the Indoor Pool and dedicated Garden & Courtyard positions Greenlife Midtown Markham as the most practical, everyday-lifestyle option in this pocket, best serving young professionals and small families who prioritize a pool, outdoor green space, and vehicle-charging convenience over spa-grade wellness or rooftop entertainment.