Tao — Rental Market Data

Tao features 1 active listing as of August 31, 2026, with an asking price of $2,400 per month, an average rent of $2,400 per month, and a median rent of $2,400 per month. The active listing spans 650 square feet with an asking rate of $3.69 per square foot. A single 1-Bedroom + Den layout controls 100 percent of the active inventory, meaning current availability entirely comprises this single executive-compact layout tier.

The 1-Bedroom + Den layout dominates current availability, holding 1 active listing and a 100 percent inventory share. This single active listing averages $2,400 per month across 650 square feet at $3.69 per square foot. No other bedroom tiers currently show active inventory at Tao.

Tao features a minimum entry rent of $2,400 per month and a peak asking rent of $2,400 per month, resulting in a dollar spread of $0 per month and an asking spread percentage of 0 percent. The median asking rent sits at $2,400 per month, while the entry-level suite consists of a 1-Bedroom + Den spanning 650 square feet at $3.69 per square foot. Because the active inventory consists of a single listing, the peak suite matches the entry-level suite identically.

Tao records a null active den premium dollar amount and a null square footage delta for the current active inventory. Active den marginal cost per square foot cannot be calculated because den sizing and layout deltas are unquantified. Furthermore, active parking premiums cannot be reliably isolated due to insufficient paired sample data.

Tao asks $2,400 per month at $3.69 per square foot compared to the Richmond Hill submarket asking benchmark of $2,800 per month at $3.82 per square foot. The building's lower nominal monthly outlay is driven by a compact 650-square-foot suite footprint rather than cheaper unit pricing. The building's asking rate per square foot sits 3.4 percent below the submarket asking benchmark, supported by 1 active listing representing 1.1 percent of the submarket's 94 active listings.

Tao records an average lease rent of $2,345 per month, positioning it competitively against the overall comparable benchmark average of $2,520 per month across nearby properties such as Place, Royal Gardens - I, and the Royal Gardens - II towers. Individual competitor leasing metrics show Place at 8501 Bayview Ave averaging $3,025 per month at $2.33 per square foot across an expansive 1,300 square feet; Royal Gardens - I at 370 Highway 7 E averaging $2,456 per month at $3.57 per square foot across 703 square feet; Royal Gardens - II (Palace Building) at 376 Highway 7 E averaging $2,308 per month at $3.92 per square foot across 608 square feet; and Royal Gardens - II (Crown Building) at 372 Highway 7 E averaging $2,289 per month at $3.64 per square foot across 635 square feet.

Tao establishes its value proposition by offering an average leased rate of $3.74 per square foot across an average suite size of 646 square feet, aligning closely with the submarket benchmark of $3.63 per square foot while trading at a discount to newer Highway 7 peers like Royal Gardens - II (Palace Building) at $3.92 per square foot. Renters evaluating Tao trade off the massive floor plates of older buildings—such as the 1,300 square feet found at Place—for modern layout efficiency, lower utility burdens, and contemporary building finishes. This efficiency allows residents to secure functional 646 square foot floor plans at competitive monthly commitments without paying the higher absolute rents demanded by oversized older stock.

Tao delivers an extensive, lifestyle-oriented amenity program that compares favorably against surrounding Highway 7 and Bayview corridor developments. Signature features at Tao include a 24-hour concierge and security service, a fully equipped gym and fitness centre, a dedicated yoga studio, an indoor swimming pool paired with an outdoor pool, and a convenient pet wash station. When contrasted with nearby alternatives, Tao's facility package rivals the multi-court setups at older properties like Place while matching the modern recreational spaces found at Royal Gardens - I and Royal Gardens - II, ultimately serving young professionals and pet owners seeking comprehensive wellness amenities within a managed mid-rise community.