Boulevard at the Thornhill — Rental Market Data

Boulevard at the Thornhill has three active listings as of August 31, 2026, spanning $2,200 to $2,700 per month with an average asking rent of $2,383 and a median of $2,250. The average suite measures 533 square feet at $4.59 per square foot, and two of the three units (66.7 percent) are one-bedroom layouts, indicating the available inventory leans toward compact entry-level suites rather than multi-bedroom executive plans.

The dominant active layout at Boulevard at the Thornhill is the one-bedroom, with two units representing 66.7 percent of available inventory at an average asking rent of $2,225 per month across 475 square feet ($4.81 per square foot). The single two-bedroom listing asks $2,700 per month for 650 square feet at $4.15 per square foot, making it the only multi-bedroom option currently on the market.

Boulevard at the Thornhill's active asking rents range from $2,200 to $2,700 per month, a $500 spread representing 22.7 percent of the entry price. The median asking rent sits at $2,250 per month. The entry-level suite is a 550-square-foot one-bedroom at $4.00 per square foot, while the peak listing is a 650-square-foot two-bedroom at $4.15 per square foot.

Den premiums and square-footage deltas for Boulevard at the Thornhill cannot be quantified from the current active sample, as no paired den versus non-den comparisons exist among the three listings. Active parking stall premiums also cannot be reliably isolated due to insufficient paired data or anomalous outliers in the available records.

Boulevard at the Thornhill's active asking rate of $4.59 per square foot exceeds the Thornhill submarket asking benchmark of $3.66 per square foot by 25.4 percent, even though the nominal average rent of $2,383 per month falls below the submarket asking average of $2,726. The rate premium is a function of suite sizing: active listings average 533 square feet versus the larger footprints reflected in submarket comparables. The building's three active listings represent 3 out of 63 available units in the Thornhill submarket.

Boulevard at the Thornhill's all-time average realized rent of $2,460 per month sits just above the four-comparable benchmark of $2,450 per month, with the primary nearby competitors being The Thornhill – Towers 1 & 2 (7950 Bathurst St, 0.07 km, 34 closed leases, $2,431 average rent, $4.07 per square foot, 620 sq ft), Legacy Park at Thornhill City Centre (7890-7900 Bathurst St, 0.14 km, 13 closed leases, $2,402 average rent, $3.64 per square foot, 665 sq ft), Vista at Thornhill City Centre (7 North Park Rd, 0.23 km, 6 closed leases, $2,612 average rent, $3.32 per square foot, 803 sq ft), and Beverley at Thornhill City Centre (15 North Park Rd, 0.24 km, 8 closed leases, $2,356 average rent, $3.52 per square foot, 674 sq ft). Against The Thornhill Towers, the subject commands a $29-per-month higher realized rent; against Legacy Park, the subject trades $58 per month higher; against Beverley, the subject realizes $104 per month more; and against Vista, the subject trades at a $152-per-month lower monthly rent. All four competitors recorded active closed-lease volume over the trailing 180 days, so each provides a realized pricing benchmark rather than a zero-transaction reference.

Boulevard at the Thornhill leases at $3.79 per square foot with an average 662-square-foot suite, placing it above the submarket leased benchmark of $3.58 per square foot and slightly below the four-comparable average of $3.64 per square foot in rate while offering a mid-range footprint. Against The Thornhill – Towers 1 & 2, the subject trades at a $0.28-per-square-foot (6.9%) discount while providing 42 more interior square feet, meaning the lower per-square-foot rate is offset by a larger interior footprint that delivers comparable total monthly cost at $29 higher. Versus Legacy Park at Thornhill City Centre, the subject commands a $0.15-per-square-foot (4.1%) premium on a suite that is 3 square feet smaller, a near-identical footprint with a modest rate uplift. Against Vista at Thornhill City Centre, the subject commands a $0.47-per-square-foot (14.2%) premium yet provides 141 fewer interior square feet; the $152-per-month lower nominal rent is driven entirely by the smaller interior footprint rather than a weaker asset valuation. Compared with Beverley at Thornhill City Centre, the subject commands a $0.27-per-square-foot (7.7%) premium on a suite 12 square feet smaller, reflecting a rate advantage that more than offsets the marginal space reduction.

Boulevard at the Thornhill offers a nine-feature lifestyle package centered on outdoor recreation, pet-friendly infrastructure, and remote-work support, distinguishing it from the aquatic-and-wellness-heavy amenity profiles of the older Thornhill City Centre towers. The building's Basketball Court, Garden & Courtyard, Dog Run, Business Centre, and Rooftop Terrace are all absent from Legacy Park at Thornhill City Centre, Vista at Thornhill City Centre, and Beverley at Thornhill City Centre, none of which provide outdoor sports courts, dedicated pet exercise areas, or on-site business facilities. The Thornhill – Towers 1 & 2 does match the subject on Basketball Court, Garden & Courtyard, Dog Run, and Business Centre but extends further with a Yoga Studio, Pet Wash Station, Dining Room & Kitchen, and dedicated children's play spaces that Boulevard does not include. In return, the older competitors lean heavily on Indoor Pools, Saunas & Steam Rooms, Hot Tubs & Jacuzzis, and Media & Theatre Rooms—features entirely absent from Boulevard's roster. This amenity mix best serves active young professionals and small families who prioritize outdoor fitness, pet-friendly living, and flexible work-from-home infrastructure over spa-style wellness amenities.