Markham Place I — Rental Market Data

Markham Place I carries exactly one active listing as of August 31, 2026, asking $3,399 per month with a minimum, average, and median all identical at that figure. The suite spans 1,100 square feet at $3.09 per square foot, and the entire active inventory is a 3-Bedroom-plus layout representing 100 percent of available units. This single listing skews firmly toward the multi-bedroom executive tier, with no compact entry-level or one-bedroom options on the market.

The sole active layout at Markham Place I is a 3-Bedroom-plus unit, accounting for 100 percent of the building's one available listing. That single suite asks $3,399 per month over 1,100 square feet at $3.09 per square foot, and no other bedroom tier—whether one-bedroom, two-bedroom, or studio—currently has an active listing. Renters seeking smaller footprints must look to the broader Scarborough East submarket for alternatives.

With only one unit on the market, Markham Place I's active pricing spread is $0, with both the minimum and peak asking rent at $3,399 per month and a 0 percent spread. The entry-level and peak suite are the same 3-Bedroom-plus layout at 1,100 square feet and $3.09 per square foot, so there is no internal price gradient to compare. Renters should note that the building's historical 90-day leases averaged $2,238 per month on 700-square-foot units, reflecting a materially different suite profile than the current listing.

Den premium data for Markham Place I cannot be quantified from the current active sample, as no paired den versus non-den comparison exists in the one available listing. Parking stall costs are similarly unconfirmed; the platform flags the parking premium as unreliable due to an anomalous outlier or insufficient paired sample, so no specific monthly figure can be quoted with confidence. Renters interested in either amenity should request a direct breakdown from the leasing office before signing.

Markham Place I's active asking rent of $3,399 per month exceeds the Scarborough East submarket average asking rent of $2,397 by roughly $1,000, but the per-square-foot rate of $3.09 actually sits 1.6 percent below the submarket asking benchmark of $3.14 per square foot. The nominal rent gap is explained by suite size: the active listing provides 1,100 square feet compared to the submarket implied average of 763 square feet, a delta of 337 square feet that drives the higher headline number. In terms of inventory share, this single listing represents 1 out of 30 total active listings across the Scarborough East submarket.

Markham Place I's average realized lease rent of $2,238 per month runs $88 above the four-comp benchmark of $2,150, with the primary nearby competitors being Markham Place II (6 Rosebank Dr, 0.05 km), First Home Markham Sheppard Building B (5131 Sheppard Ave E, 0.15 km), and the First Home A and C buildings along Sheppard Avenue. Markham Place II closed two leases at an average of $2,075 per month ($3.77 per square foot, 550 sq ft); the subject's rent is $163 higher than that comp. First Home Building B, the highest-volume peer with four closed leases, averaged $2,250 per month ($2.99 per square foot, 763 sq ft), placing the subject $12 below that figure. First Home Building C (20 Orchid Place Dr, 0.11 km) recorded one closed lease at $2,125 per month ($3.27 per square foot, 650 sq ft), with the subject $113 higher. First Home Building A (5155 Sheppard Ave E, 0.16 km) also closed one lease at $2,150 per month ($3.91 per square foot, 550 sq ft), where the subject trades $88 above. Every competitor in this set posted at least one closed lease transaction, so no zero-volume reference buildings dilute the pricing picture.

Markham Place I leases at $3.23 per square foot across an average 700-square-foot suite, a combination that undercuts the four-comp per-square-foot average of $3.49 while delivering 72 more square feet than the comp mean of 628. Against Markham Place II (550 sq ft, $3.77 per square foot), the subject trades at a $0.54 per square foot discount (14.3% below) and provides 150 more interior square feet; the higher nominal rent of $163 is driven entirely by the larger footprint rather than a richer rate per square foot. First Home Building C (650 sq ft, $3.27 per square foot) shows a near-identical rate—just $0.04 per square foot above the subject—with the subject offering 50 additional square feet and a $113 higher monthly rent. The sharpest trade-off appears with First Home Building B (763 sq ft, $2.99 per square foot): here the subject commands a $0.24 per square foot premium (8.0% above) yet provides 63 fewer interior square feet, and the nominal rent actually falls $12 below the comp, meaning the smaller suite more than offsets the higher per-square-foot rate. First Home Building A (550 sq ft, $3.91 per square foot) presents the widest per-square-foot gap; the subject trades at a $0.68 per square foot discount (17.4% below) while delivering 150 more square feet, and the $88 higher monthly rent reflects that expanded footprint rather than a premium valuation.

Markham Place I offers a seven-item amenity suite—Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Media & Theatre Room, Games & Billiards Room, Meeting Room, and BBQ Area—that overlaps heavily with its 2011 twin, Markham Place II, while diverging from the 2021 First Home buildings on both sides. The subject's Media & Theatre Room and Games & Billiards Room are absent from all three First Home competitors, which instead lean into outdoor and family-oriented features (Garden & Courtyard, Children's Playground, Kids' Play Room, Greenhouse) and wellness additions (Yoga Studio, Dining Room & Kitchen) that Markham Place I does not carry. Markham Place II mirrors the subject's core indoor-recreation package almost exactly but adds an EV Charging Station that the 2010 building lacks. The First Home buildings, particularly B and A, stack eleven amenities including a Yoga Studio and indoor Kids' Play Room, positioning them toward families with young children. Markham Place I's lifestyle package—centred on indoor social recreation, a dedicated media space, and a games room without outdoor play infrastructure—best serves working professionals and small households who prioritise in-building entertainment and meeting space over family-oriented outdoor amenities.