Landmark of Thornhill I — Rental Market Data

Landmark of Thornhill I carries one active listing as of August 31, 2026, with a single asking rent of $3,800 per month serving as both the average and median. The available suite spans 1,300 square feet at an asking rate of $2.92 per square foot. This lone listing is a 2-bedroom layout representing 100 percent of active inventory, placing the building's current availability squarely in the multi-bedroom tier rather than compact entry-level one-bedroom suites.

The sole active layout at Landmark of Thornhill I is a 2-bedroom unit, accounting for 100 percent of available inventory with one listing. That single 2-bedroom suite asks $3,800 per month across 1,300 square feet, translating to $2.92 per square foot. No 1-bedroom, studio, or 3-bedroom tiers are currently listed, so renters seeking alternative bedroom configurations must look to the broader Markham West submarket.

Landmark of Thornhill I's single active listing sets both the minimum and maximum asking rent at $3,800 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same 2-bedroom unit at 1,300 square feet and $2.92 per square foot. With only one unit on the market, there is no internal price gradient to compare, and the median asking rent of $3,800 per month reflects this single data point.

Active den premiums at Landmark of Thornhill I cannot be quantified due to insufficient paired sample data, and no marginal cost per square foot for additional den space can be reliably calculated. Parking stall costs likewise cannot be isolated from the available transaction records, as the paired sample is too small or contains anomalous outliers to support a defensible monthly figure. Renters should request current parking and den add-on pricing directly from the leasing office.

Landmark of Thornhill I's active asking rent of $3,800 per month exceeds the Markham West submarket average asking rent of $2,730 per month, yet its rate of $2.92 per square foot sits 19.1 percent below the submarket asking benchmark of $3.61 per square foot. The nominal rent premium is explained by the 1,300-square-foot suite being substantially larger than the typical submarket listing, so the per-square-foot cost is actually more competitive. This single listing represents 1 out of 40 active listings across the Markham West submarket, or 2.5 percent of total available inventory.

Landmark of Thornhill I's all-time average realized lease rent of $3,400 per month sits $535 below the four-comparable benchmark of $3,935, yet it actually commands a higher monthly rent than every single competitor in this immediate pocket. Landmark of Thornhill III (7905 Bayview Ave, 0.15 km, 1 closed lease) averaged $4,000 per month, meaning the subject's realized rent is $600 lower; Landmark of Thornhill II (7825 Bayview Ave, 0.16 km, 2 closed leases) averaged $3,700, a $300 gap in the comp's favour; Royal Bayview South Tower (399 Royal Orchard Blvd, 0.26 km, 2 closed leases) averaged $3,600, $200 above the subject; and Royal Bayview North Tower (397 Royal Orchard Blvd, 0.28 km, 4 closed leases) averaged $4,438, the widest spread at $1,038 above the subject. All four competitors recorded at least one closed lease transaction over the trailing 180 days, so every figure here reflects realized market pricing rather than a zero-transaction reference.

Landmark of Thornhill I's realized rate of $2.77 per square foot across an average 1,232-square-foot suite undercuts the comp cluster benchmark of $4.22 per square foot and 1,122 square feet, delivering more interior space at a materially lower per-foot cost than three of the four nearby alternatives. Against Landmark of Thornhill II (7825 Bayview Ave, 0.16 km), the subject trades at a $3.36 per square foot discount while providing 382 more interior square feet, so the $300-per-month nominal gap in the comp's favour is entirely a footprint effect rather than an asset-valuation signal. The same dynamic holds against Royal Bayview South Tower (0.26 km), where the subject offers a $1.43 per square foot discount and 357 additional square feet, and against Royal Bayview North Tower (0.28 km), where the discount is $1.41 per square foot with 169 more square feet. The one exception is Landmark of Thornhill III (0.15 km), where the subject commands a $0.42 per square foot premium but provides 468 fewer interior square feet, making the $600-per-month rent gap a genuine rate differential on a smaller unit. In every case where the subject's nominal rent appears lower than a competitor's, the trade-off is driven by the subject's larger interior footprint, not by weaker asset positioning.

Landmark of Thornhill I fields a 12-item amenity suite that includes an indoor pool, sauna and steam room, tennis and pickleball court, squash and racquetball court, rooftop terrace, and a dedicated media and theatre room, positioning it as the most sport- and recreation-heavy option in this immediate pocket. The two 1991 Bayview Avenue siblings share the core pool-and-racquet-sport package but add a hot tub and jacuzzi plus a garden and courtyard that the subject does not offer, while the subject counters with a rooftop terrace and media and theatre room absent from both. Against the 2025 Royal Bayview towers, the contrast sharpens: the South Tower adds a yoga studio and garden courtyard the subject lacks, but omits the tennis and pickleball court, squash and racquetball court, meeting room, and media and theatre room that define the subject's lifestyle package; the North Tower introduces a golf simulator, library and reading room, EV charging station, and yoga studio, yet still does not match the subject's dual racquet-sport courts or dedicated meeting room. The tenant demographic best served by this building's amenity mix is the active, mid-career professional or small family who prioritizes on-site racquet sports, a rooftop social space, and a full indoor pool over the wellness-studio and tech-charging features that anchor the newer Royal Bayview product.