88 Queen — Rental Market Data

88 Queen has six active rental listings as of August 31, 2026, spanning $2,450 to $4,200 per month with an average asking rent of $2,925 and a median of $2,700. The average active suite measures 645 square feet at an asking rate of $4.50 per square foot, and the inventory leans toward mid-size two-bedroom layouts that account for half of all available units. One-bedroom-plus-den suites make up the remaining third of the pool, while a single three-bedroom-plus listing rounds out the upper tier, indicating the current mix favours compact to mid-range footprints over large executive plans.

The dominant active layout at 88 Queen is the two-bedroom, with three listings representing 50 percent of available inventory at an average asking rent of $2,800 per month across 649 square feet and a rate of $4.32 per square foot. One-bedroom-plus-den suites follow with two listings (33.3 percent share) averaging $2,475 per month over 587 square feet at $4.23 per square foot, while the three-bedroom-plus tier holds a single listing at $4,200 per month for 750 square feet at $5.60 per square foot.

88 Queen's active asking rents range from $2,450 to $4,200 per month, a dollar spread of $1,750 or 71.4 percent across the six available units. The median asking rent sits at $2,700 per month, anchoring the mid-range of the pool. The entry-level option is a one-bedroom-plus-den at 550 square feet and $4.45 per square foot, while the peak listing is a three-bedroom-plus at 750 square feet commanding $5.60 per square foot, reflecting a 25 percent per-square-foot premium for the additional bedroom and space.

Den premiums at 88 Queen cannot be reliably quantified from the current active sample, as the dollar amount and square-footage delta between den and non-den suites are not isolated in the available data. Verified parking stalls at the building carry a confirmed premium of $299 per month, which renters should budget as a fixed add-on to their base rent. The leased-parking benchmark of $272 per month suggests the active premium sits modestly above the rate embedded in recent closed transactions.

88 Queen's active asking average of $2,925 per month at $4.50 per square foot exceeds the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot by a 3.2 percent per-square-foot margin. The nominal rent gap of roughly $289 per month is partially offset by the building's 645-square-foot average suite being more compact than the submarket norm, so the per-square-foot comparison is the more accurate measure of relative pricing. 88 Queen currently accounts for six out of 192 active listings in the Downtown East submarket, a 3.1 percent share of total available inventory.

88 Queen's all-time average realized lease rent of $2,765 per month runs $557 above the four-building comp benchmark of $2,208, with the premium driven entirely by its larger interior footprint rather than a higher rate per square foot. The Lofts at 127 Queen St E (0.09 km, three closed leases) averaged $2,242 per month at $4.64 per square foot across 500 square feet, meaning 88 Queen commands $523 more per month despite offering 176 additional square feet. Jazz at 167 Church Street (0.13 km, two closed leases) averaged $2,173 per month at $4.37 per square foot across 498 square feet, so 88 Queen's rent is $592 higher while still providing 178 more square feet. The Elm at 25 Dalhousie Street (0.07 km) and The Ledbury at 30 Mutual Street (0.07 km) each recorded zero closed leases over the trailing 180 days, so neither carries a realized rent benchmark against which to measure 88 Queen's pricing.

88 Queen leases at $4.09 per square foot across an average 676-square-foot suite, trading at a discount below both active competitors while delivering substantially more interior space than either. Against The Lofts (completed 2010, $4.64 per square foot, 500 square feet), 88 Queen offers a $0.55 per square foot discount—roughly 11.9 percent lower—yet provides 176 more square feet, so the higher nominal rent of $2,765 versus $2,242 is a footprint effect, not a rate premium. Against Jazz (completed 2006, $4.37 per square foot, 498 square feet), the subject trades at a $0.28 per square foot discount of about 6.4 percent while adding 178 square feet of living area. The Elm and The Ledbury, both at zero closed-lease volume, serve only as design references; their parity $/sqft and square-footage labels cannot be validated against realized transactions. For a renter weighing total cost, 88 Queen's larger suite at a lower per-square-foot rate means the monthly premium over The Lofts or Jazz buys meaningfully more usable space rather than a markup on the same footprint.

88 Queen fields a 14-item lifestyle package anchored by an outdoor pool, hot tub and jacuzzi, rooftop terrace, conservatory, kids' indoor play room, and a full dining room with kitchen—amenities that neither The Lofts nor Jazz offers. The Elm (2023) and The Ledbury (2024) differentiate on experiential tech and services absent from 88 Queen: ski and snowboard simulators, an F1 race car simulator, pet wash stations, dog runs, on-site cafés and bars, early childhood education centres, and virtual health clinics. The Lofts (2010) and Jazz (2006) provide more modest suites of gym, party room, business centre, and rooftop access but lack any aquatic, wellness, or family-oriented programming. 88 Queen's combination of aquatic recreation, a dedicated yoga studio, conservatory, and indoor kids' play room positions it squarely for young families and lifestyle-oriented professionals who want resort-style amenities without the tech-gimmick or service-heavy model of the 2023–2024 cohort, while still outclassing the 2006 and 2010 buildings on both breadth and quality of common space.