Vendome - South Building — Rental Market Data

Vendome – South Building has exactly one unit currently listed as of August 31, 2026, asking $2,300 per month with no spread between minimum and maximum. The available suite measures 650 square feet at $3.54 per square foot, and the entire active inventory consists of a single one-bedroom-plus-den layout. With only one listing on market, the building's current availability skews toward a compact entry-level-plus-den configuration rather than the multi-bedroom executive layouts that have driven most historical leasing activity at this address.

The sole active listing at Vendome – South Building is a one-bedroom-plus-den unit, representing 100 percent of the building's current available inventory. That single suite asks $2,300 per month for 650 square feet, equating to $3.54 per square foot. No two-bedroom or studio units are currently on the market, so renters in those tiers must source alternatives from the broader Markham City Centre submarket.

Vendome – South Building shows a minimum and maximum asking rent of $2,300 per month, producing a dollar spread of zero and a percentage spread of zero percent due to the single active listing. The entry-level and peak suite are the same unit: a one-bedroom-plus-den measuring 650 square feet at $3.54 per square foot. With no second listing to anchor either end of the range, the pricing spread is effectively uncalculable beyond this single data point.

Vendome – South Building does not have a quantified den premium or square-footage delta for its active one-bedroom-plus-den listing, as the building lacks a comparable one-bedroom-without-den unit on market to isolate the marginal cost. Parking stall premiums also cannot be reliably isolated from the current data; the available sample is insufficient to produce a defensible monthly figure, and no verified parking add-on cost should be assumed for this listing.

Vendome – South Building's active asking rate of $3.54 per square foot sits 1.1 percent below the Markham City Centre submarket asking benchmark of $3.58 per square foot, and the $2,300 monthly ask is $411 below the submarket average asking rent of $2,711. That nominal rent gap is driven primarily by suite size: the active 650-square-foot footprint is meaningfully smaller than the submarket's typical asking unit, so the per-square-foot comparison is the more accurate lens. The building currently holds one out of 96 active listings in the Markham City Centre submarket, representing roughly 1 percent of total available inventory.

Vendome – South Building's average realized lease rent of $2,657 per month runs $184 above the four-comparable benchmark of $2,473, with the closest sister tower, Vendome – North Building at 9 Clegg Rd (0.01 km, 23 closed leases), posting the highest peer rent at $2,728 per month. Vendome – North Building's $3.58 per square foot rate across 776 square feet puts it $71 per month above the subject. Fontana – Building D at 33 Clegg Rd (0.15 km, 5 closed leases) realized $2,395 per month at $3.41 per square foot over 710 square feet, placing the subject $262 higher. Fontana – Building C at 38 Cedarland Dr (0.15 km, 11 closed leases) closed at $2,577 per month, $3.16 per square foot, and 816 square feet, with the subject trading $80 above. Eko Markham Centre – Noa 3 at 30 Clegg Rd (0.16 km, 7 closed leases) recorded the lowest peer rent at $2,193 per month, $3.54 per square foot, and 623 square feet, leaving the subject $464 higher on a nominal basis.

Vendome – South Building leases at $3.52 per square foot across an average 758-square-foot suite, positioning it above the comp-set average of $3.42 per square foot and 731 square feet while delivering a modern 2024-built product. Against Vendome – North Building, the subject trades at a $0.06 per square foot (1.7%) discount and provides 18 fewer interior square feet, so the $71-per-month lower rent reflects both a slightly smaller footprint and a marginally lower rate rather than an asset-valuation gap. Versus Fontana – Building D, the subject commands a $0.11 per square foot (3.2%) premium while offering 48 more interior square feet, meaning the $262 higher nominal rent is driven by both a rate premium and a larger interior footprint. Against Fontana – Building C, the subject commands a $0.36 per square foot (11.4%) premium yet provides 58 fewer interior square feet, so the $80 higher rent is almost entirely a rate-per-square-foot story rather than a space story. With Eko Markham Centre – Noa 3, the subject trades at a $0.02 per square foot (0.6%) discount but delivers 135 more interior square feet, making the $464 higher nominal rent a pure footprint effect—the tenant is paying for substantially more space at a marginally lower rate per square foot.

Vendome – South Building offers a 20-item amenity suite spanning fitness, creative, social, and convenience categories, giving it a broader lifestyle footprint than any single competitor in this cluster. The subject includes a Music Room, Library & Reading Room, and Refrigerated Parcel Storage that are absent from all four named peers, while its Basketball Court and BBQ Area match the Fontana towers but are missing from both Vendome – North Building and Eko Noa 3. Conversely, the 2017 Fontana towers and the 2009 Eko building each feature an Indoor Pool, Sauna & Steam Room, and Hot Tub & Jacuzzi—wet-amenity programming the subject does not carry—and Vendome – North Building adds a Karaoke Lounge, Sound Studio, and Multi-sport Gymnasium that the subject lacks. The subject's package, anchored by its Music Room, Library & Reading Room, Pet Wash Station, and Secured Refrigerated Parcel Storage, best serves young professional and small-family renters in Markham City Centre who prioritize creative and community-oriented common spaces over aquatic or spa-style wellness facilities.