Terraces on the Park — Rental Market Data

Terraces on the Park features 1 active listing as of August 31, 2026, with an asking price range, average rent, and median rent of $2,500 per month. The active listing spans 790 square feet at an asking rate of $3.16 per square foot. The inventory is entirely composed of 1-Bedroom + Den floor plans, representing a 100% dominant layout share for the building.

The 1-Bedroom + Den layout serves as the dominant active layout at Terraces on the Park, accounting for 1 listing and a 100% inventory share. This single active tier features an average rent of $2,500 per month across an average size of 790 square feet at $3.16 per square foot. All other layout tiers currently record zero units available on the market.

Terraces on the Park maintains a minimum entry rent and peak asking rent of $2,500 per month, resulting in a dollar spread of $0 and a percentage spread of 0%. The median asking rent is $2,500 per month. The entry-level suite is a 1-Bedroom + Den layout measuring 790 square feet at $3.16 per square foot, which matches the peak suite configuration identically.

Terraces on the Park currently has no available den premium data, as active den square footage deltas and marginal costs per square foot are unquantified. Active parking premium data cannot be reliably isolated due to an insufficient sample, meaning parking stall costs cannot be determined from current listings.

Terraces on the Park registers an active asking rent of $2,500 per month and $3.16 per square foot, comparing against the Woodbridge submarket asking benchmark of $2,517 per month and $3.53 per square foot. The building's asking rate per square foot trades at a 10.5% discount relative to submarket asking benchmarks, while representing 4.3% of the broader submarket's 23 active listings.

Terraces on the Park currently features an average asking lease rent of $2,500 per month for its available inventory, closely mirroring overall submarket asking benchmarks while comparing against immediate neighbors like Terraces of Woodbridge I, Piazza Woodbridge, Grand Manor - Phase 2, and The Clarence. Because recent closed lease datasets for the past 180 days are currently unpopulated for the immediate comparative set, individual historical lease rents, square footage averages, and rates per square foot are not formally reported for Terraces of Woodbridge I (121 Woodbridge Ave), Piazza Woodbridge (53 Woodbridge Ave), Grand Manor - Phase 2 (112 Woodbridge Ave), or The Clarence (86 Woodbridge Ave). Active leasing activity right at Terraces on the Park is anchored by its available 1-Bedroom + Den layout averaging 790 square feet at an asking rate of $3.16 per square foot.

Terraces on the Park establishes its value proposition by offering an average asking rate of $3.16 per square foot across its 790-square-foot 1-Bedroom + Den layouts, positioning itself competitively below the broader Woodbridge submarket asking average of $3.53 per square foot. Renters evaluating the building versus older nearby alternatives trade off slightly higher initial capital investments for modern 2012 construction standards, contemporary interior layouts, and reduced energy utility burdens compared to late-1990s properties. While older neighboring towers may occasionally offer larger absolute floor plans at varying price points, the subject building delivers an optimized footprint efficiency of 790 square feet that captures a 10.5% discount relative to the broader submarket's average asking rate per square foot.

Terraces on the Park delivers an extensive, lifestyle-oriented amenity package that outpaces many traditional neighborhood competitors by featuring a 24-hour Concierge & Security service, a fully equipped Gym & Fitness Centre, a dedicated Pet Wash Station, and an exclusive Spa facility. When compared to nearby peers, the building shares core offerings like the Party & Lounge Room and Meeting Room found at The Clarence (86 Woodbridge Ave) and Piazza Woodbridge (53 Woodbridge Ave), while surpassing older properties such as Terraces of Woodbridge I (121 Woodbridge Ave) by integrating modern wellness spaces like a Sauna & Steam Room alongside a specialized Pet Wash Station. Furthermore, unlike Grand Manor - Phase 2 (112 Woodbridge Ave) which emphasizes outdoor rooftop terraces, Terraces on the Park focuses heavily on comprehensive indoor wellness and resident convenience, making it exceptionally well-suited for working professionals and pet owners seeking full-service building management in Woodbridge.