SQ2 at Alexandra Park — Rental Market Data

SQ2 at Alexandra Park has exactly one unit actively listed as of August 31, 2026, asking $2,800 per month, which is simultaneously the minimum, maximum, average, and median rent. The available suite measures 650 square feet at $4.31 per square foot and is configured as a one-bedroom plus den, representing 100 percent of current active inventory. With only a single listing, the building's active stock leans entirely toward a compact entry-level-plus layout rather than multi-bedroom executive configurations, and no studio or two-bedroom options are currently on the market.

The sole active layout at SQ2 at Alexandra Park is the one-bedroom plus den, accounting for 100 percent of available inventory with one listing. That unit asks $2,800 per month for 650 square feet, pricing at $4.31 per square foot. No other bedroom tiers—studio, two-bedroom, or three-bedroom—currently have active listings, making this a single-transaction sample with no cross-layout comparison possible within the building.

SQ2 at Alexandra Park's active pricing spread is $0, as the single listed unit sets both the minimum and maximum asking rent at $2,800 per month, a 0 percent spread. The median asking rent is likewise $2,800. The entry-level and peak suite are the same unit: a one-bedroom plus den at 650 square feet and $4.31 per square foot, so no intra-building price gradient exists to evaluate at this time.

SQ2 at Alexandra Park's active den premium and square-footage delta cannot be quantified, as the single available listing already includes a den within its 650-square-foot footprint and no paired comparison unit without a den is currently on the market. Parking stall costs also cannot be reliably isolated for this building, as the paired sample of active listings with and without parking is insufficient to produce a defensible premium figure.

SQ2 at Alexandra Park's active asking rent of $2,800 per month sits $280 below the Downtown West submarket average asking rent of $3,080, while its $4.31 per square foot rate is 10.4 percent below the submarket asking benchmark of $4.81 per square foot. The nominal rent gap narrows considerably once suite size is factored in: the active listing's 650-square-foot footprint is substantially more compact than the submarket's typical lease size, which explains why the per-square-foot comparison tells a more accurate pricing story than the headline monthly figure. SQ2 at Alexandra Park represents one out of 170 active listings in the Downtown West submarket, or roughly 0.6 percent of total available inventory.

SQ2 at Alexandra Park's average realized lease rent of $3,457 per month sits $195 above the four-building comp-set average of $3,262, with the primary active competitor SQ Spadina Queen at 38 Cameron St (0.11 km, nine closed leases) posting a higher average of $3,835 per month at $4.77 per square foot across 722 square feet. Kingscourt at 188 Spadina Ave (0.16 km, one closed lease) recorded an average rent of $3,850 per month at $2.57 per square foot over 1,500 square feet, while 436 Queen W at 436 Queen Street W (0.16 km, one closed lease) showed an average of $2,100 per month at $2.47 per square foot across 850 square feet. Chinatown Centre at 222 Spadina Ave (0.15 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject's pricing.

SQ2 at Alexandra Park leases at $4.17 per square foot across an average 835-square-foot suite, a rate that sits below the submarket leased benchmark of $4.55 per square foot while offering materially less interior space than the comp-set average of 1,024 square feet. Against SQ Spadina Queen, the subject trades at a $0.60 per square foot (12.6%) discount and provides 113 more interior square feet, meaning the $378-per-month lower nominal rent reflects both a more competitive per-square-foot rate and a larger footprint rather than a weaker asset valuation. Against Kingscourt, the subject commands a $1.60 per square foot (62.3%) premium yet provides 665 fewer interior square feet, so the $393-per-month lower total rent is driven entirely by the significantly smaller suite size rather than any discount in per-square-foot pricing. Against 436 Queen W, the subject commands a $1.70 per square foot (68.8%) premium with only 15 fewer square feet, and the $1,357-per-month higher nominal rent reflects the subject's established 2020 completion and fully equipped amenity suite versus the 2025 building's single-transaction sample.

SQ2 at Alexandra Park offers a 14-feature lifestyle package spanning aquatic wellness, fitness, remote-work, and social recreation, positioning it above the zero-amenity 436 Queen W and the seven-feature Chinatown Centre while trading specific lifestyle elements against its closest peers. The subject includes a Spa Lounge, Garden & Courtyard, Yoga Studio, Media & Theatre Room, and Dining Room & Kitchen that are absent from Kingscourt, and it adds a BBQ Area, Shared Laundry Room, and Spa Lounge not found at SQ Spadina Queen. In return, SQ Spadina Queen provides Outdoor Pool, Indoor Pool, and a Meeting Room that the subject does not offer, while Kingscourt includes an Indoor Pool and Meeting Room also missing from the subject's roster. Chinatown Centre's Pet Wash Station is the one lifestyle feature the subject lacks among its nearby set. This amenity mix—anchored by the Spa Lounge, dual aquatic features (Hot Tub & Jacuzzi plus Sauna & Steam Room), and a dedicated Yoga Studio—best serves young professionals and couples in their late twenties to mid-thirties who prioritize wellness programming and social hosting space over pool access or formal meeting facilities, and who are willing to forgo a pet wash station in exchange for a broader recreational and dining package in a 2020-built, concierge-served building.