Optima at Cityplace — Rental Market Data

Optima at Cityplace has three active listings as of August 31, 2026, with asking rents ranging from $2,750 to $5,200 per month, an average of $3,800, and a median of $3,450. The average active suite measures 800 square feet at an asking rate of $3.93 per square foot. Two-thirds of the available inventory (66.7 percent) consists of 2-Bedroom + Den layouts, meaning current listings lean toward larger multi-bedroom executive suites rather than compact entry-level one-bedrooms.

The dominant active layout at Optima at Cityplace is the 2-Bedroom + Den, with two units representing 66.7 percent of available inventory at an average asking rent of $4,325 per month across 950 square feet and a rate of $3.63 per square foot. The remaining 33.3 percent is a single 1-Bedroom + Den listing at $2,750 per month for 650 square feet, equating to $4.23 per square foot. Renter choice is therefore limited to two tiers, with the two-bedroom-plus-den offering a small selection of two units and the one-bedroom-plus-den available as a single listing.

Optima at Cityplace's active asking rents span $2,750 to $5,200 per month, a dollar spread of $2,450 and a percentage spread of 89.1 percent. The median asking rent sits at $3,450 per month. The entry-level suite is a 1-Bedroom + Den at 650 square feet and $4.23 per square foot, while the peak listing is a 2-Bedroom + Den at $5,200 per month, though its exact square footage is not recorded in the current dataset.

Active den premiums at Optima at Cityplace cannot be reliably quantified because the paired sample of den versus non-den units is insufficient to isolate a marginal cost per square foot. Parking stall costs are likewise unquoted: the active parking premium data is flagged as unreliable due to anomalous outliers or an insufficient paired sample, so no specific monthly parking figure can be stated with confidence.

Optima at Cityplace's active asking average of $3,800 per month at $3.93 per square foot sits above the CityPlace / Fort York submarket asking benchmark of $3,101 per month but 14.2 percent below the submarket's $4.58 per square foot rate. The higher nominal rent is explained by the building's larger average suite footprint of 800 square feet versus the submarket's implied smaller units, making the per-square-foot cost more competitive despite the higher monthly figure. The building currently holds three out of 148 active listings in the submarket, a 2.0 percent share of total available inventory.

Optima at Cityplace's one-year average realized lease rent of $3,904 per month runs $864 above the four-comparable benchmark of $3,040, with the gap driven primarily by the building's larger average suite size rather than a higher per-square-foot rate. Canada House – East Tower at 1 Concord Cityplace Way (0.07 km) closed 43 leases at an average of $3,116 per month, $4.91 per square foot, and 653 square feet; Canada House – West Tower at 3 Concord Cityplace Way (0.08 km) closed 52 leases at $3,399 per month, $4.79 per square foot, and 705 square feet. Harbour View Estates I – Tower at 10 Navy Wharf Crt (0.09 km) recorded 11 closed leases averaging $2,982 per month, $4.31 per square foot, and 715 square feet, while Harbour View Estates III – "C" at 3 Navy Wharf Crt (0.10 km) logged 7 closed leases at $2,664 per month, $3.59 per square foot, and 764 square feet. All four competitors posted active lease transactions, so each provides a realized pricing benchmark rather than a listing-only reference.

Optima at Cityplace leases at $4.05 per square foot on 964 average square feet, placing it below the four-comparable rate average of $4.40 per square foot while delivering roughly 255 more interior square feet than the 709-square-foot comp mean. Against Canada House – East Tower, the subject trades at a $0.86-per-square-foot (17.5%) discount and provides 311 more interior square feet, meaning the higher nominal rent is a function of the larger footprint rather than a per-foot premium. The same dynamic holds versus Canada House – West Tower, where the subject offers a $0.74-per-square-foot (15.4%) discount and 259 additional square feet, and against Harbour View Estates I – Tower, where the discount narrows to $0.26 per square foot (6.0%) with 249 more square feet. Harbour View Estates III – "C" is the one exception: the subject commands a $0.46-per-square-foot (12.8%) premium over that building while still providing 200 more square feet, reflecting the older 2006 structure's lower per-foot pricing. In every active comparison, the subject's higher monthly rent is explained by its larger interior footprint, not by a stronger per-square-foot valuation.

Optima at Cityplace offers a 12-feature lifestyle package anchored by an indoor pool, gym and fitness centre, hot tub, sauna and steam room, party and lounge room, media and theatre room, games and billiards room, meeting room, business centre, BBQ area, rooftop terrace, and concierge with security. The building lacks the sports-court and recreation infrastructure that defines its Harbour View neighbours—no basketball court, tennis or pickleball court, squash or racquetball court, golf simulator, bowling alley, indoor running track, or massage spa—and it does not carry the family and pet programming (children's playgrounds, kids' play room, dog run, pet wash station) or luxury extras (car wash bay, outdoor skating rink, cold plunge pool, wine locker and tasting room) that the 2025 Canada House towers provide. Conversely, the subject's media and theatre room and games and billiards room are absent from both Canada House towers, and its rooftop terrace is not listed at either Harbour View building. The package best serves cost-conscious professionals and small households who want core wellness and social amenities—pool, gym, sauna, party space, and a rooftop for outdoor gatherings—without paying the premium for dedicated sports courts, pet facilities, or family-oriented programming found in the adjacent towers.