Cloud 9 — Rental Market Data

Cloud 9 at 80 Esther Lorrie Dr carries two active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,250 per month and an average and median rent of $2,225 per month. Both suites measure 550 square feet at an average asking rate of $4.05 per square foot, and the entire active inventory is concentrated in the one-bedroom-plus-den layout, representing 100 percent of available units. This inventory profile leans squarely toward compact entry-level executive suites rather than multi-bedroom family layouts, with no two-bedroom or studio options currently on the market.

The one-bedroom-plus-den layout is the sole active tier at Cloud 9, accounting for both listings and 100 percent of current inventory. Each suite averages 550 square feet at $2,225 per month, producing a blended asking rate of $4.05 per square foot. No other bedroom tiers—studio, one-bedroom, two-bedroom, or three-bedroom—have any units available for lease at this time.

Cloud 9's two active listings span a $50 spread, from a minimum entry rent of $2,200 per month to a peak asking rent of $2,250 per month, a 2.3 percent range that reflects near-identical suite configurations. The median asking rent of $2,225 per month sits at the midpoint of that narrow band. The entry-level suite is a 550-square-foot one-bedroom-plus-den at $4.00 per square foot, while the peak suite is the same layout at 550 square feet priced at $4.09 per square foot, confirming that the modest price differential is driven by unit-specific features rather than size variation.

Cloud 9's active den premium and the associated square-footage delta between den and non-den suites are unquantified in current listing data, so a marginal cost per square foot for the extra den space cannot be reliably calculated. Verified parking at the building carries a $50-per-month add-on, confirmed through active listing data, while historical lease records do not provide sufficient paired data to establish a separate leased parking benchmark.

Cloud 9's active asking rent of $2,225 per month sits $191 below the Etobicoke North submarket average asking rent of $2,416, yet its $4.05-per-square-foot rate runs 20.9 percent above the submarket asking benchmark of $3.35 per square foot. This divergence is explained by suite sizing: Cloud 9's 550-square-foot one-bedroom-plus-den layouts are more compact than the average submarket unit, so the lower monthly outlay reflects smaller footprints rather than cheaper unit pricing. The building's two active listings represent 12.5 percent of the 16 total active listings across the Etobicoke North submarket.

Cloud 9's average closed-lease rent of $2,145 per month sits $517 below the four-comparable average of $2,662, yet it exceeds The Lexington's $2,233 benchmark by only $88 while commanding a meaningfully higher per-square-foot rate. Etobicoke on the Humber II at 5 Rowntree Rd (1.99 km) closed five leases averaging $2,964 per month at $2.38 per square foot over 1,257 square feet; Etobicoke on the Humber III at 3 Rowntree Rd (2.1 km) recorded two closed leases at $2,800 per month, $2.34 per square foot, and 1,200 square feet; and Etobicoke on the Humber I at 1 Rowntree Rd (2.22 km) logged one closed lease at $2,650 per month, $2.06 per square foot, and 1,287 square feet. The Lexington at 840 Queens Plate Dr (2.49 km) is the closest rent benchmark, with fifteen closed leases averaging $2,233 per month at $3.53 per square foot across 639 square feet—still 75 square feet larger than Cloud 9's typical suite.

Cloud 9 leases at $3.86 per square foot over an average 564-square-foot suite, a rate that runs $1.28 per square foot (40 percent) above the submarket leased benchmark of $3.22 and a premium of $0.33 to $1.80 per square foot over every nearby comparable. Against Etobicoke on the Humber II, tenants pay $1.48 more per square foot (62.2 percent premium) for 693 fewer square feet; versus Etobicoke on the Humber III the premium is $1.52 per square foot (65.0 percent) with 636 fewer square feet; and against Etobicoke on the Humber I it is $1.80 per square foot (87.4 percent) for 723 fewer square feet. The Lexington, the closest in scale at 639 square feet, still trades at $3.53 per square foot—$0.33 (9.3 percent) below Cloud 9—meaning even the most size-matched competitor offers a lower per-square-foot cost. Renters choosing Cloud 9 are paying for a newer, more compact 1-bedroom-plus-den product with a verified $50-per-month parking premium, accepting a smaller footprint in exchange for reduced maintenance exposure, a modern amenity suite, and a stabilized building with only 0.8 percent vacancy.

Cloud 9's amenity package—concierge and security, gym and fitness centre, indoor pool, party and lounge room, meeting room, BBQ area, rooftop terrace, and garden courtyard—delivers a curated mid-rise lifestyle that distinguishes it from both the sprawling Humber-era towers and the leaner Lexington. Where The Lexington offers only four amenities (concierge, gym, meeting room, party room), Cloud 9 adds an indoor pool, a dedicated BBQ area, a rooftop terrace, and a landscaped garden courtyard. Against Etobicoke on the Humber II and III, which feature outdoor pools, saunas, tennis and squash courts, hot tubs, and games rooms, Cloud 9 counters with a rooftop terrace and garden courtyard that none of the three Humber towers provide, giving residents open-air social space without the maintenance burden of racquetball or squash facilities. The BBQ area at Cloud 9 is absent from both the Humber II and Humber III, and the rooftop terrace is unique across all four comparables. This amenity mix best serves young professionals and small households in their late twenties to mid-thirties who prioritize a low-maintenance, socially oriented living environment with indoor-outdoor flexibility over the high-volume recreational courts of older Etobicoke North towers.