Landmark of Thornhill III — Rental Market Data

Landmark of Thornhill III achieves an average lease rent of $4,000 per month, comparing against the overall competitive average of $3,785 per month across nearby properties such as Landmark of Thornhill I, Landmark of Thornhill II, and the Royal Bayview towers. Individual competitor metrics reflect distinct leasing dynamics within 0.25 kilometers of the subject property: Landmark of Thornhill I (7805 Bayview Ave) reports an average lease rent of $3,400 per month at $2.77 per square foot across an average of 1,232 square feet; Landmark of Thornhill II (7825 Bayview Ave) records $3,700 per month at $6.13 per square foot across 850 square feet; Royal Bayview - South Tower (399 Royal Orchard Blvd) logs $3,600 per month at $4.20 per square foot across 875 square feet; and Royal Bayview - North Tower (397 Royal Orchard Blvd) leads the peer group with an average lease rent of $4,438 per month at $4.18 per square foot across 1,063 square feet.

Landmark of Thornhill III establishes its value proposition by offering a lower rate of $2.35 per square foot across an expansive 1,700-square-foot average footprint, undercutting the micro-market average of $4.32 per square foot. Renters evaluating the subject building versus newer or smaller alternatives experience distinct trade-offs: while newer builds like the Royal Bayview towers offer compact 875-square-foot layouts at $4.20 per square foot or 1,063-square-foot plans at $4.18 per square foot, Landmark of Thornhill III provides markedly larger living quarters at a more economical per-square-foot cost. Similarly, older peers like Landmark of Thornhill II command up to $6.13 per square foot for smaller 850-square-foot spaces, making the subject building an attractive option for tenants seeking spacious, traditional layouts without paying a density premium.

Landmark of Thornhill III delivers an extensive institutional amenity package that rivals or exceeds the offerings found across competing Bayview and Royal Orchard developments. The subject property features signature amenities—including a concierge and security service, a gym and fitness centre, an indoor pool, a hot tub and jacuzzi, a sauna and steam room, a tennis and pickleball court, a squash and racquetball court, a party and lounge room, a meeting room, a media and theatre room, a games and billiards room, a BBQ area, and a garden and courtyard—which provide recreation options beyond the baseline offerings of nearby properties. While competing properties such as Landmark of Thornhill I feature rooftop terraces, and the Royal Bayview towers incorporate yoga studios, library spaces, and golf simulators, Landmark of Thornhill III stands out with its dedicated racquet sports facilities and hydrotherapy options. This comprehensive recreational infrastructure makes the subject building well-suited for families, active professionals, and downsizers who prioritize on-site wellness, fitness, and social amenities.