Burano Condominiums — Rental Market Data

Burano Condominiums carries four active listings as of August 31, 2026, spanning $1,600 to $4,800 per month with an average asking rent of $3,150 and a median of $3,100. The average suite measures 941 square feet at $3.42 per square foot, and two-bedroom layouts dominate the active inventory at 50 percent of available units. The current mix skews toward mid-size and executive footprints rather than compact entry-level one-bedrooms, with only a single one-bedroom listing on the market.

Two-bedroom suites lead the active inventory with two listings, a 50 percent share, an average asking rent of $2,700 per month, and 925 square feet at $3.04 per square foot. The remaining inventory splits evenly between a single one-bedroom at 613 square feet asking $2,400 per month ($3.92 per square foot) and a single three-bedroom-plus unit at 1,300 square feet asking $4,800 per month ($3.69 per square foot). Each of those two tiers represents a single listing, so renters in those bedroom categories face zero alternative options within this building.

Burano Condominiums shows an active asking spread of $3,200 per month, from a $1,600 entry point to a $4,800 peak, a 200 percent range. The median asking rent sits at $3,100 per month. The entry-level suite is a two-bedroom at 1,000 square feet priced at $1.60 per square foot, while the peak listing is a three-bedroom-plus unit at 1,300 square feet asking $3.69 per square foot.

Active den premiums and square-footage deltas for Burano Condominiums cannot be quantified from the current sample, as no paired den versus no-den listings are available for comparison. Parking premium data is similarly inconclusive: the active sample contains anomalous outliers or an insufficient paired count to isolate a reliable monthly parking add-on, so no specific dollar figure can be quoted with confidence. Historical lease data does confirm a verified parking premium of $190 per month, which serves as the best available reference point for budgeting.

Burano Condominiums asks an average of $3,150 per month at $3.42 per square foot, compared to the Downtown Core submarket asking benchmark of $3,471 per month and $4.56 per square foot. The building's per-square-foot rate runs 25 percent below the submarket asking average, a gap that widens when accounting for the 941-square-foot active suite size versus the smaller units typically driving submarket averages. Burano represents four out of 224 active listings in the Downtown Core, or roughly 1.8 percent of total available inventory.

Burano Condominiums' average realized lease rent of $3,305 per month sits $338 above the four-comparable benchmark of $2,967, outperforming every nearby peer on a nominal basis. Murano – North Tower at 37 Grosvenor St (0.06 km, 35 closed leases) averaged $3,003 per month at $4.37 per square foot across 692 square feet, meaning the subject commands a $302-per-month higher rent. Murano – South Tower at 38 Grenville St (0.07 km, 30 closed leases) averaged $3,025 per month at $4.41 per square foot over 691 square feet, with the subject trading $280 higher. Opera Place I at 887 Bay St (0.09 km, 11 closed leases) realized $2,732 per month at $3.99 per square foot across 718 square feet, a $573 gap below the subject. Opera Place II at 889 Bay St (0.11 km, 10 closed leases) posted $3,106 per month at $3.79 per square foot over 840 square feet, leaving the subject $199 higher. All four competitors recorded active lease transactions, so each figure reflects a realized pricing benchmark rather than an asking-price reference.

Burano Condominiums leases at $4.20 per square foot across an average 807-square-foot suite, positioning the subject at a modest rate premium over the $4.14-per-square-foot comp average while delivering 72 more square feet of interior space than the typical comparable unit. Against the Murano towers, the subject trades at a discount of $0.17 per square foot (3.9 percent) below Murano – North Tower and $0.21 per square foot (4.8 percent) below Murano – South Tower, yet provides 115 and 116 more square feet respectively; the higher nominal rent is therefore driven by the larger interior footprint rather than a per-unit valuation premium. Against Opera Place I, the subject commands a $0.21-per-square-foot (5.3 percent) premium while still offering 89 more square feet, a double advantage on both rate and space. Opera Place II presents the inverse trade-off: the subject commands a $0.41-per-square-foot (10.8 percent) premium but provides 33 fewer square feet, meaning the per-unit rate here reflects genuine asset-value differentiation rather than a size effect.

Burano Condominiums offers a 12-feature amenity package that includes an outdoor pool and a dedicated dining room and kitchen—two lifestyle elements absent from all four nearby competitors. The Murano towers counter with yoga studios, running tracks, BBQ areas, and garden courtyards that Burano does not provide, while Opera Place I adds a squash and racquetball court and Opera Place II includes change rooms not found at the subject. Burano's rooftop terrace, business centre, media and theatre room, games and billiards room, and full aquatic suite (indoor pool, outdoor pool, hot tub, sauna and steam) collectively target professionals who want a turnkey social and wellness environment without the outdoor-recreation emphasis of the Murano pair or the sport-court focus of Opera Place I. The building's lifestyle package best serves mid-career professionals and small households in the Downtown Core who prioritize indoor aquatic recreation, on-site dining, and a polished concierge experience over running tracks, racquetball courts, or courtyard landscaping.