Eighty One Wellesley — Rental Market Data

Eighty One Wellesley has three active rental listings as of August 31, 2026, with asking rents ranging from $1,500 to $3,250 per month, an average of $2,367 per month, and a median of $2,350 per month. The average suite size across these listings is 773 square feet at an asking rate of $3.50 per square foot. All three available units are one-bedroom layouts, accounting for 100 percent of active inventory, so the current selection leans entirely toward entry-level one-bedroom suites rather than multi-bedroom executive configurations.

The dominant and sole active layout at Eighty One Wellesley is the one-bedroom, with all three listings representing 100 percent of available inventory. This small selection averages $2,367 per month across 773 square feet at $3.50 per square foot, with a median asking rent of $2,350 per month. No studio, two-bedroom, or larger configurations are currently listed, so renters seeking alternative bedroom counts must look to the broader Cabbagetown submarket.

Eighty One Wellesley's active asking rents span from a minimum of $1,500 per month to a peak of $3,250 per month, a dollar spread of $1,750 and a percentage spread of 116.7 percent. The median asking rent sits at $2,350 per month. The entry-level listing is a one-bedroom of 1,100 square feet priced at $1.36 per square foot, while the peak listing is also a one-bedroom but at just 670 square feet carrying a rate of $4.85 per square foot, illustrating how compact footprint drives the upper end of the asking range.

Active den premiums at Eighty One Wellesley cannot be quantified, as no paired den versus non-den listings exist in the current active sample to isolate a marginal cost per square foot for additional den space. Parking premium data is likewise inconclusive on the active side due to an unreliable outlier or insufficient paired sample, so no verified monthly parking figure can be quoted for currently listed units. However, historical lease records confirm a verified parking stall cost of $145 per month, which serves as a reasonable reference point for renters budgeting for a parking spot.

Eighty One Wellesley's average asking rent of $2,367 per month and $3.50 per square foot both sit below the Cabbagetown submarket benchmarks of $3,178 per month and $4.33 per square foot, respectively. The building's asking rate per square foot is 19.2 percent lower than the submarket asking benchmark, a gap partly explained by the fact that the active listings average 773 square feet—larger footprints that dilute the per-square-foot rate relative to smaller submarket peers. Eighty One Wellesley accounts for 3 out of 106 available listings in the Cabbagetown submarket, representing roughly 2.8 percent of the neighbourhood's active rental inventory.

Eighty One Wellesley's all-time average realized lease rent of $2,517 per month runs $189 above the four-comparable benchmark of $2,328, a gap driven primarily by the subject's larger average suite footprint relative to two of its three active peers. The Wessex at 88 Wellesley Street E (0.08 km, 4 closed leases) averaged $2,645 per month at $2.94 per square foot across 900-square-foot suites, meaning the subject's rent sits $128 below that figure despite a higher per-square-foot rate. Westbury Manor Apartments at 414 Jarvis Street (0.17 km, 2 closed leases) realized $1,925 per month at $2.73 per square foot over 750 square feet, placing the subject $592 higher in nominal rent. The Marquis at 135 Maitland St (0.17 km, 2 closed leases) closed at $2,415 per month, $4.56 per square foot, and 575 square feet, so the subject's rent is $102 above that mark. 412 Jarvis at 412 Jarvis St (0.19 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare.

Eighty One Wellesley leases at $3.48 per square foot across an average 767-square-foot suite, a rate that sits $0.07 above the four-comparable mean of $3.41 per square foot while delivering 25 more interior square feet than the 742-square-foot peer average. Against The Wessex (900 sq ft, $2.94 per square foot), the subject commands a $0.54 per square foot premium—18.4% higher—yet provides 133 fewer interior square feet, so the $128 lower nominal rent reflects a smaller footprint rather than weaker asset valuation. Versus Westbury Manor Apartments (750 sq ft, $2.73 per square foot), the subject trades at a $0.75 per square foot premium of 27.5% while offering 17 more square feet, and the $592 higher monthly rent is a function of both the rate gap and the modest size advantage. The Marquis (575 sq ft, $4.56 per square foot) presents the inverse trade-off: the subject trades at a $1.08 per square foot discount of 23.7% below that 1997 building yet provides 192 more interior square feet, meaning the $102 higher nominal rent is entirely a footprint effect rather than a per-unit valuation premium.

Eighty One Wellesley fields a nine-item amenity suite—Concierge & Security, Gym & Fitness Centre, Party & Lounge Room, Meeting Room, Rooftop Terrace, BBQ Area, Dining Room & Kitchen, Garden & Courtyard, and Games & Billiards Room—that is the most comprehensive in its immediate peer set. The Wessex and Westbury Manor Apartments each offer only Concierge & Security and a Shared Laundry Room, leaving them without any fitness, social, or outdoor programming. The Marquis (1997) matches the subject on seven of nine features but lacks both the dedicated Dining Room & Kitchen and the Games & Billiards Room, while 412 Jarvis adds a Sauna & Steam Room the subject does not carry but omits the party lounge, meeting room, rooftop terrace, dining kitchen, garden courtyard, and billiards space. The subject's inclusion of a full-service dining room and a dedicated games room differentiates it from every nearby competitor and positions the building squarely for young professionals and small households who want on-site social infrastructure—remote-work meeting space, evening fitness, weekend rooftop BBQs—without leaving the building.