Grandview at Northtown — Rental Market Data

There is currently 1 active rental listing available at 88 Grandview Way in North York. Over the past 30 days, availability has averaged 1 suites.

Current active inventory spans 2-bedroom floor plans.

Asking rents range across available layouts, averaging $3,300/month ($3.47/SF).

Landlords place an implied premium of $0/month for dedicated parking stalls and $0/month for suites with a den.

Asking rents at Grandview at Northtown ($3,300/month) are 22.3% higher than the North York average ($2,697/month).

Grandview at Northtown's average realized lease rent of $3,200 per month sits $145 above the overall comp benchmark of $3,055, driven primarily by the subject's larger suite footprint rather than a higher per-square-foot rate. Parkside at Northtown (880 Grandview Way, 0.05 km, built in 2004) closed 2 leases at an average of $3,950 per month, $2.83 per square foot, and 1,400 average square feet; the subject trades at a $750-per-month lower rent than Parkside, a gap explained by the subject providing 350 fewer interior square feet. Triomphe at Northtown II (15 Northtown Way, 0.12 km, built in 2003) closed 20 leases averaging $2,559 per month at $3.66 per square foot across 713 square feet; the subject commands a $641-per-month higher rent than Triomphe II, a premium driven entirely by the subject's 337 additional interior square feet. Triomphe at Northtown I (5 Northtown Way, 0.12 km, built in 2002) closed 12 leases averaging $2,657 per month at $3.10 per square foot and 892 square feet; the subject realizes a $543-per-month higher rent, again attributable to 158 more interior square feet. Marquis at Northtown (8 McKee Ave, 0.15 km, built in 2004) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for comparison.

Grandview at Northtown delivers $3.05 per square foot across an average 1,050-square-foot suite, positioning it as a space-maximizing option that trades at a discount on the per-square-foot rate against both Triomphe buildings while commanding a premium over Parkside at Northtown. Against Parkside at Northtown, the subject trades at a $0.22-per-square-foot (7.8 percent) premium yet provides 350 fewer interior square feet, meaning the $750 lower monthly rent is a direct function of the smaller footprint rather than weaker asset valuation. Against Triomphe at Northtown II, the subject trades at a $0.61-per-square-foot (16.7 percent) discount and provides 337 more interior square feet, so the $641 higher monthly rent reflects the expanded suite size, not a higher rate per unit of space. Against Triomphe at Northtown I, the subject trades at a $0.05-per-square-foot (1.6 percent) discount with 158 more interior square feet, producing a $543 higher monthly rent that is again footprint-driven. In every active comparison, the nominal rent variance is a square-footage effect: the subject's 1,050-square-foot average suite is the single largest in this four-building cluster, and renters are paying for that additional interior volume at a below-market rate per square foot.

Grandview at Northtown offers a seven-item amenity package—concierge and security, car wash bay, gym and fitness centre, sauna and steam room, party and lounge room, meeting room, and games and billiards room—that is functional and well-maintained but notably lighter than the resort-style offerings at both Triomphe buildings and Parkside at Northtown. The subject's car wash bay is a practical differentiator absent from Triomphe at Northtown I, Triomphe at Northtown II, and Marquis at Northtown, giving residents an on-site vehicle maintenance convenience that no nearby competitor matches. However, the subject lacks the indoor pool, hot tub and jacuzzi, tennis and pickleball court, golf simulator, rooftop terrace, bowling alley, BBQ area, jogging track, media and theatre room, dining room and kitchen, garden and courtyard, and putting green that define the Triomphe I and II lifestyle packages, and it omits the pet wash station found at Parkside at Northtown. This amenity profile positions Grandview at Northtown squarely for cost-conscious professionals and small households who prioritize a spacious 1,050-square-foot interior, a working gym, sauna access, and a social lounge over aquatic or recreational court facilities, and who value the everyday convenience of an on-site car wash over resort-style leisure programming.