Lotus — Rental Market Data

Lotus at 8 Scollard Street has two active listings as of August 31, 2026, with asking rents ranging from $2,300 to $2,800 per month, an average of $2,550, and a median of $2,550. The two available suites average 600 square feet at a combined asking rate of $4.24 per square foot. Inventory is split evenly between a one-bedroom and a one-bedroom-plus-den, with no two-bedroom or larger layouts currently on the market, placing the active mix squarely in the compact entry-level to small executive tier.

The dominant active layout at Lotus is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $2,300 per month, 550 square feet, and $4.18 per square foot. The one-bedroom-plus-den tier also holds one listing at 50 percent share, asking $2,800 per month across 650 square feet at $4.31 per square foot. Both tiers are single-listing samples, so no tier offers a renter multiple comparable options within the building.

Lotus shows a minimum entry asking rent of $2,300 per month and a peak asking rent of $2,800 per month, producing a dollar spread of $500 and a percentage spread of 21.7 percent. The median asking rent sits at $2,550 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $4.18 per square foot, while the peak listing is a one-bedroom-plus-den at 650 square feet carrying a rate of $4.31 per square foot.

At Lotus, the active den premium is quantified at $500 per month for an additional 100 square feet of space, equating to a marginal cost of $5.00 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated due to an insufficient paired sample or anomalous outlier data, so no verified monthly parking figure can be quoted for current listings. Historical lease data does confirm a verified parking premium of $170 per month, but that figure reflects past transactions rather than the two active units.

Lotus asks an average of $2,550 per month at $4.24 per square foot, compared to the Bloor-Yorkville submarket asking benchmark of $4,743 per month and $5.83 per square foot. The building's rate per square foot runs 27.3 percent below the submarket asking average, a gap that widens when accounting for the fact that Lotus suites average 600 square feet versus the larger footprints typical of the neighborhood's new-construction inventory. Lotus represents two out of 100 active listings in the Bloor-Yorkville submarket, or 2 percent of total available inventory.

Lotus at 8 Scollard St realized an average lease rent of $2,552 per month over the trailing year, sitting $2,354 below the four-building comp-set average of $4,906 and well under the Bloor-Yorkville submarket lease benchmark of $3,497. The Villas at 18 Yorkville (21 Scollard St, 0.05 km) closed 2 leases at an average of $2,825 per month ($4.70 per square foot, 600 sq ft), placing Lotus $273 lower in nominal rent. 40 Scollard (40 Scollard St, 0.07 km) closed 4 leases averaging $2,498 per month ($3.69 per square foot, 680 sq ft), meaning Lotus trades $54 higher than this 1991-built peer. Four Seasons Private Residences – East (55 Scollard St, 0.09 km) closed 8 leases at an average of $9,394 per month ($7.38 per square foot, 1,314 sq ft), a $6,842 gap that reflects a fundamentally different product tier. 15 McMurrich (15 McMurrich St, 0.09 km) recorded zero closed leases over the trailing 180 days and therefore offers no realized rent benchmark against which to compare Lotus.

Lotus at 8 Scollard St leases at $4.14 per square foot for an average 626-square-foot suite, a rate that sits below the comp-set average of $5.26 per square foot and the submarket lease benchmark of $4.92 per square foot, while providing a mid-range interior footprint between the compact 600-sq-ft Villas suites and the 1,314-sq-ft Four Seasons residences. Against The Villas at 18 Yorkville, Lotus trades at a $0.56 per square foot (11.9%) discount while delivering 26 more interior square feet, so the $273 lower monthly rent reflects both a cheaper rate and a larger footprint rather than a smaller unit. Against 40 Scollard, Lotus commands a $0.45 per square foot (12.2%) premium yet provides 54 fewer interior square feet, meaning the $54 higher nominal rent is driven by the per-square-foot rate differential on a smaller suite rather than by extra space. Against Four Seasons Private Residences – East, Lotus trades at a $3.24 per square foot (43.9%) discount and provides 688 fewer interior square feet; the $6,842 rent gap is overwhelmingly a function of the nearly 700-square-foot footprint difference, not a pure rate premium or discount on like-for-like space.

Lotus at 8 Scollard St offers an eleven-item amenity suite anchored by a yoga studio, juice bar, manicure and pedicure room, and meditation den, a wellness-and-self-care package that distinguishes it from several nearby peers. The Villas at 18 Yorkville counters with a rooftop terrace, dining room and kitchen, media and theatre room, and massage room that Lotus does not provide; 40 Scollard adds a squash and racquetball court and hot tub and jacuzzi absent from the Lotus lineup; and Four Seasons Private Residences – East layers on an indoor pool, spa, business centre, library and reading room, and garden courtyard that place it in a full-service luxury tier. Lotus's signature differentiators—the dedicated meditation den, on-site juice bar, and manicure and pedicure room—do not appear in any of the three active competitors' amenity lists, giving the building a boutique wellness identity rather than a resort-style or corporate-lounge profile. This package best serves cost-conscious professionals and young couples in Bloor-Yorkville who want daily-access fitness, quiet meditation space, and light social amenities without paying the premium attached to pool-and-spa luxury towers or the dated recreational mix of the 1991-era 40 Scollard.