Mondeo Springs I — Rental Market Data

Mondeo Springs I has two active listings as of August 31, 2026, with asking rents ranging from $2,400 to $2,900 per month, an average of $2,650 per month, and a median of $2,650 per month. The combined average suite size is 885 square feet at an average asking rate of $2.99 per square foot. The inventory splits evenly between a one-bedroom entry-level suite and a two-bedroom plus den executive layout, so neither compact studio-tier nor multi-bedroom bulk dominates the current offering.

The dominant active layout at Mondeo Springs I is the one-bedroom tier, holding one listing and a 50 percent share of available inventory. The one-bedroom suite asks $2,400 per month for 820 square feet at $2.93 per square foot, while the two-bedroom plus den suite asks $2,900 per month for 950 square feet at $3.05 per square foot. Both tiers represent single-listing samples, so no tier offers a comparative spread within the building.

Mondeo Springs I shows a minimum entry rent of $2,400 per month and a peak asking rent of $2,900 per month, producing a $500 spread or 20.8 percent range across its two active listings. The median asking rent sits at $2,650 per month. The entry-level one-bedroom spans 820 square feet at $2.93 per square foot, while the peak two-bedroom plus den covers 950 square feet at $3.05 per square foot, a $0.12 per square foot differential driven by the additional den and bedroom space.

Mondeo Springs I does not have a quantified active den premium or square-footage delta, as the single two-bedroom plus den listing cannot be paired with a comparable two-bedroom unit to isolate marginal den cost. Active parking stall premiums also cannot be reliably isolated from the current data, and no verified parking add-on figure should be assumed when budgeting for a monthly total.

Mondeo Springs I's average asking rent of $2,650 per month and $2.99 per square foot both trail the Scarborough West submarket asking benchmarks of $2,692 per month and $3.12 per square foot, placing the building 4.2 percent below the submarket asking rate per square foot. The nominal rent gap is narrow—just $42 per month—because the building's active suites average 885 square feet, a larger footprint that partially offsets the lower per-square-foot rate. Mondeo Springs I represents two out of 25 available listings in the Scarborough West submarket, or 8 percent of total active inventory.

Mondeo Springs I's all-time average realized lease rent of $2,475 per month runs $135 above the four-comp benchmark of $2,340, with the premium driven primarily by the building's larger suite footprints rather than a per-square-foot valuation gap. Mondeo Springs II (18 Mondeo Dr, 0.05 km, 2 closed leases) averaged $2,225 per month at $3.54 per square foot across 650 square feet, placing the subject $250 higher in nominal rent. K Square (2031 & 2033 Kennedy Rd, 0.63 km, 69 closed leases) averaged $2,434 per month at $3.66 per square foot over 679 square feet, a $41 gap in the subject's favour. Solaris II at Metrogate (135 Village Green Sq, 1.56 km, 17 closed leases) posted $2,344 per month at $3.20 per square foot across 742 square feet, and Solaris I at Metrogate (125 Village Green Sq, 1.57 km, 13 closed leases) recorded $2,356 per month at $3.77 per square foot over 668 square feet—both below the subject's realized rent by $131 and $119 respectively.

Mondeo Springs I offers a $3.05 per square foot realized rate across 817 average square feet, trading at a discount below every active competitor on a per-square-foot basis while delivering the largest interior footprint in the immediate peer set. Against Mondeo Springs II, the subject trades at a $0.49 per square foot (13.8%) discount and provides 167 more interior square feet, meaning the $250 higher nominal rent is entirely a function of the larger suite rather than a rate premium. Versus K Square, the subject offers a $0.61 per square foot (16.7%) discount with 138 additional square feet, so the modest $41 rent difference reflects extra living area, not a higher per-unit valuation. Solaris II at Metrogate shows the tightest spread—the subject trades at just a $0.15 per square foot (4.7%) discount while still providing 75 more square feet—and Solaris I at Metrogate carries the widest per-square-foot gap at a $0.72 per square foot (19.1%) discount with 149 additional square feet, making the subject's $119 higher rent a straightforward space premium rather than an asset-valuation markup.

Mondeo Springs I carries a 13-item amenity suite anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, basketball court, golf simulator, and a media and theatre room, positioning it as a full-service lifestyle building within this Scarborough West cluster. The basketball court and golf simulator are the two signature facilities absent from K Square, Solaris II at Metrogate, and Solaris I at Metrogate, giving the subject a distinct recreational edge over the three newer or mid-rise competitors; Mondeo Springs II shares both features but lacks the hot tub and jacuzzi that the subject provides. Where the subject falls short, K Square offers EV charging, a rooftop terrace, a business centre, and digital delivery lockers, while both Metrogate towers add rooftop terraces, outdoor children's playgrounds, and on-site or adjacent daycare—amenities the 2003 building does not include. The package best serves active professionals and small families who prioritize aquatic and fitness recreation, on-site social spaces, and a generous interior footprint over the tech-forward or childcare-oriented features found in the newer and mid-rise alternatives.