Waterscapes at Waterview — Rental Market Data

Waterscapes at Waterview has exactly one unit actively listed as of August 31, 2026, asking $2,399 per month with no spread between minimum and maximum. The available suite measures 500 square feet and carries an asking rate of $4.80 per square foot. This single listing is a one-bedroom, representing 100 percent of the building's active inventory, and its compact 500-square-foot footprint is notably smaller than the 835-square-foot average suite that has historically leased at this address.

The sole active layout at Waterscapes at Waterview is a one-bedroom, accounting for 100 percent of available inventory with a single listing. That unit asks $2,399 per month on 500 square feet, equating to $4.80 per square foot. No two-bedroom, three-bedroom, or den configurations are currently on the market, so renters requiring larger footprints must look to other Mimico buildings for multi-bedroom options.

Waterscapes at Waterview's single active listing sets both the minimum and maximum asking rent at $2,399 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a 500-square-foot one-bedroom at $4.80 per square foot. With only one unit on the market, there is no internal price gradient to evaluate, and the full asking range collapses to a single data point.

Den premium and square-footage delta figures for Waterscapes at Waterview cannot be quantified from the current active sample, as the single listed unit does not include a den configuration for comparison. Parking stall costs also cannot be reliably isolated; the available paired data is insufficient to produce a defensible monthly premium, and no specific parking fee should be assumed when budgeting for this building.

Waterscapes at Waterview's active asking rent of $2,399 per month sits below the Mimico submarket average asking rent of $3,167 per month, but the per-square-foot rate of $4.80 exceeds the submarket asking benchmark of $4.45 by 7.9 percent. The lower nominal rent reflects the building's 500-square-foot suite being 212 square feet smaller than the submarket implied average of 712 square feet, so renters are paying a higher rate per unit of space despite a lower headline figure. This one listing represents 1 out of 61 total active listings across the Mimico submarket, or roughly 1.6 percent of neighbourhood inventory.

Waterscapes at Waterview's average realized lease rent of $3,030 per month exceeds the four-comp benchmark of $2,579 by roughly $451, positioning it as the highest-renting asset in this immediate Mimico pocket. The Cove at Waterways (39 Annie Craig Dr, 0.06 km, 15 closed leases) averaged $2,598 per month at $4.11 per square foot across 642 square feet; Waterview III & IV – Explorer (58 Marine Parade Dr, 0.07 km, 7 closed leases) realized $2,564 per month at $4.23 per square foot over 664 square feet; Nautilus at Waterview (16 Brookers Lane, 0.1 km, 14 closed leases) closed at $2,608 per month, $3.72 per square foot, and 736 square feet; and Water's Edge at The Cove (38 Annie Craig Drive, 0.1 km, 44 closed leases) averaged $2,544 per month at $4.30 per square foot across 600 square feet. All four competitors recorded active lease volume, so every figure above reflects realized transaction data rather than asking-price estimates.

Waterscapes at Waterview leases at $3.72 per square foot with an average suite size of 835 square feet, trading at a per-square-foot discount below three of four active competitors while delivering the largest interior footprint in the set. Against The Cove at Waterways, the subject trades at a $0.39 per square foot (9.5%) discount yet provides 193 more interior square feet; versus Waterview III & IV – Explorer, the discount widens to $0.51 per square foot (12.1%) with 171 additional square feet; against Water's Edge at The Cove, the gap reaches $0.58 per square foot (13.5%) and 235 extra square feet; and Nautilus at Waterview sits at exact $3.72 per square foot parity while still offering 99 fewer square feet than the subject. The consistent pattern is clear: the subject's higher nominal monthly rent is driven entirely by its larger interior footprint, not by a per-square-foot premium, making it a space-maximizing option for renters who prioritize square footage over rate efficiency.

Waterscapes at Waterview offers a 16-feature lifestyle package anchored by an on-site grocery store, car wash bay, indoor pool, rooftop terrace, and pet wash station, distinguishing it from every nearby competitor on at least one signature amenity. The on-site grocery store is unique to Waterscapes at Waterview across the entire four-building peer set, while the car wash bay is absent from both The Cove at Waterways and Water's Edge at The Cove. Conversely, The Cove at Waterways adds a spin studio, cool plunge, massage rooms, and a dining room that the subject lacks; Water's Edge at The Cove layers in a tanning deck, cool plunge pool, and business centre not found at 80 Marine Parade Dr; and Waterview III & IV – Explorer includes a spa centre and business centre the subject does not carry. The subject's combination of daily-convenience infrastructure (grocery, car wash) with aquatic and wellness amenities (indoor pool, hot tub, sauna, yoga studio) and social spaces (rooftop terrace, party room, games room) targets practical, lifestyle-oriented professionals and small families who value turnkey convenience and recreational depth over boutique spa or co-working features.