The Royalton — Rental Market Data

The Royalton has one active listing as of August 31, 2026, asking $1,100 per month with both the average and median rent at $1,100. The available suite spans 750 square feet at an asking rate of $1.47 per square foot, and the 100 percent layout share is a one-bedroom-plus-den. With only a single unit on the market, inventory is neither leaning compact entry-level nor multi-bedroom executive; it is a singular mid-size offering in an otherwise fully occupied building.

The Royalton's sole active listing is a one-bedroom-plus-den, representing 100 percent of available inventory as a single unit. That tier carries an average asking rent of $1,100 per month across 750 square feet at $1.47 per square foot. No studio, two-bedroom, or three-bedroom units are currently listed, leaving renters with exactly one layout option in this building.

The Royalton's active pricing spread is zero dollars and zero percent, as the single listing at 801 Bay Street asks a flat $1,100 per month for both the minimum and maximum. The median asking rent is likewise $1,100, and the entry-level suite is a one-bedroom-plus-den at 750 square feet and $1.47 per square foot. Because only one unit is listed, the peak suite is identical to the entry suite, and no spread analysis beyond this single data point is possible.

The Royalton's active den premium and square-footage delta are unquantified due to insufficient paired sample data. Marginal cost per square foot for additional den space cannot be calculated from the current single-listing inventory. Active parking stall premiums also cannot be reliably isolated from the available data, though verified historical lease records show a $267-per-month parking add-on.

The Royalton's active asking rent of $1,100 per month at $1.47 per square foot sits 68.3 percent below the Downtown Core submarket average asking rent of $3,471 and 67.8 percent below the submarket asking rate of $4.56 per square foot. The nominal rent gap is partially explained by suite sizing, as the active 750-square-foot unit is only 11 square feet below the submarket implied average of 761 square feet, meaning the per-square-foot discount is the primary driver rather than a compact footprint. The Royalton's one listing represents one out of 224 active listings in the Downtown Core submarket.

The Royalton's average realized lease rent of $2,940 per month sits $9 above the four-comp benchmark of $2,931, placing it marginally ahead of the immediate peer set. Murano – South Tower (38 Grenville St, 0.1 km) recorded 30 closed leases at an average of $3,025 per month ($4.41 per square foot, 691 sq ft), meaning The Royalton trades at a $85-per-month lower rent. Lumiere (770 Bay St, 0.11 km) closed 38 leases averaging $2,956 per month ($4.17 per square foot, 714 sq ft), with The Royalton $16 lower. Residences of College Park I (763 Bay St, 0.11 km) logged 33 closed leases at $2,878 per month ($4.27 per square foot, 701 sq ft), where The Royalton commands a $62-per-month higher rent. The Gallery (25 Grenville St, 0.11 km) recorded 4 closed leases at $2,866 per month ($3.45 per square foot, 838 sq ft), with The Royalton $74 higher. All four competitors posted active lease transactions, so each provides a realized pricing benchmark rather than a reference-only data point.

The Royalton leases at $3.70 per square foot across an average 805-square-foot suite, a rate that sits below the comp average of $4.08 per square foot and well under the submarket leased benchmark of $4.48 per square foot, while delivering more interior space than three of four nearby alternatives. Against Murano – South Tower, The Royalton trades at a $0.71-per-square-foot (16.1%) discount and provides 114 more interior square feet, so the $85 lower monthly rent reflects a larger footprint at a lower unit rate rather than weaker asset valuation. Lumiere shows the same pattern: The Royalton offers a $0.47-per-square-foot (11.3%) discount and 91 additional square feet, with the $16 rent gap driven by the expanded footprint. Residences of College Park I presents the inverse trade-off—The Royalton commands a $62 higher monthly rent yet still trades at a $0.57-per-square-foot (13.3%) discount, because its 104 extra square feet more than offset the lower unit rate. The Gallery is the outlier: The Royalton commands a $0.25-per-square-foot (7.2%) premium over this 1990-era building while providing 33 fewer interior square feet, meaning the higher rent here reflects a genuine per-square-foot valuation advantage over the oldest comp in the set.

The Royalton offers an eight-feature lifestyle package—Concierge & Security, Gym & Fitness Centre, Sauna & Steam Room, Hot Tub & Jacuzzi, Rooftop Terrace, BBQ Area, Party & Lounge Room, and Meeting Room—that is the leanest in its immediate peer set. Every one of the four competitors layers on additional facilities the subject lacks: Murano – South Tower adds an Indoor Pool, Media & Theatre Room, Games & Billiards Room, Library & Reading Room, Garden & Courtyard, and Running Track; Lumiere contributes an Indoor Pool, Yoga Studio, Squash & Racquetball Court, and Games & Billiards Room; Residences of College Park I includes a Golf Simulator, Business Centre, Yoga Studio, and Indoor Pool; and The Gallery provides a Dining Room & Kitchen, Library & Reading Room, and Squash & Racquetball Court. The subject's Hot Tub & Jacuzzi and Rooftop Terrace are shared with Murano and Lumiere respectively, but no indoor aquatic facility, dedicated wellness studio, or entertainment room appears in The Royalton's offering. This no-frills, low-maintenance profile—concierge security, a gym, sauna, hot tub, rooftop BBQ, and a meeting room—serves cost-conscious professionals and small households who prioritize a central Bay Street address and predictable carrying costs over resort-style recreational programming.