88 Scott — Rental Market Data

88 Scott has two active listings as of August 31, 2026, spanning a price range of $3,700 to $4,200 per month with an average and median asking rent of $3,950. Both suites average 974 square feet at a combined asking rate of $4.05 per square foot, and the inventory splits evenly between a two-bedroom layout (50 percent) and a two-bedroom-plus-den layout (50 percent). The current offering leans squarely toward multi-bedroom executive footprints rather than compact entry-level suites, with no one-bedroom or studio units represented in active inventory.

The dominant active layout at 88 Scott is the two-bedroom, represented by one listing and accounting for 50 percent of available inventory. The two-bedroom unit asks $3,700 per month across 947 square feet at $3.91 per square foot, while the single two-bedroom-plus-den listing asks $4,200 per month across 1,000 square feet at $4.20 per square foot. Both tiers are single-listing samples, so renters should treat these as individual transactions rather than a broad market signal for either layout category.

88 Scott's active asking rents range from a minimum of $3,700 to a peak of $4,200 per month, producing a dollar spread of $500 and a percentage spread of 13.5 percent. The median asking rent sits at $3,950 per month, anchoring the midpoint of the two available units. The entry-level option is a two-bedroom suite of 947 square feet priced at $3.91 per square foot, while the peak listing is a two-bedroom-plus-den of 1,000 square feet at $4.20 per square foot, a $500 premium driven by the additional den space and slightly larger footprint.

The den premium at 88 Scott cannot be reliably quantified from active listings, as the two available units represent single transactions in different layout tiers and do not provide a paired same-suite comparison to isolate marginal den cost per square foot. Active parking premiums also cannot be reliably isolated due to an insufficient paired sample, so no specific monthly parking figure should be attributed to current listings. For historical context, verified closed-lease data indicates a parking add-on of $144 per month, though this reflects past transactions rather than a guaranteed current rate.

88 Scott's active asking average of $3,950 per month exceeds the Downtown Core submarket asking benchmark of $3,471 per month by roughly 14 percent, yet on a per-square-foot basis the building's $4.05 rate is 11.2 percent below the submarket asking benchmark of $4.56 per square foot. The nominal rent premium is fully explained by suite size: 88 Scott's active listings average 974 square feet, substantially larger than the compact one-bedroom-plus-den units that dominate submarket inventory, so renters are paying for additional living space rather than a rate premium. The building currently represents 2 out of 224 available listings in the Downtown Core submarket, a 0.9 percent share of total active inventory.

88 Scott's average realized lease rent of $2,900 per month sits $80 below the four-comparable benchmark of $2,980, with the spread driven by two high-rent outliers bracketing the subject. The Wellington at 30 Wellington St E (0.07 km, 3 closed leases) averaged $4,400 per month at $2.82 per square foot across 1,567 square feet; Cosmopolitan at 8 Colborne Street (0.08 km, 2 closed leases) averaged $2,100 per month at $5.25 per square foot across 400 square feet; Metropole at 7 King St E (0.09 km, 7 closed leases) averaged $2,921 per month at $3.90 per square foot across 819 square feet; and King Edward Private Residences at 22 Leader Lane (0.1 km, 4 closed leases) averaged $2,500 per month at $4.97 per square foot across 510 square feet.

88 Scott leases at $4.36 per square foot across an average 683-square-foot suite, positioning it above the comp average of $4.24 per square foot but below the submarket leased benchmark of $4.48 per square foot, while its interior footprint runs 17.2% smaller than the 824-square-foot comp mean. Against The Wellington, the subject commands a $1.54 per square foot (54.6%) premium yet delivers 884 fewer interior square feet, meaning the $1,500-per-month lower nominal rent is entirely a function of the compact footprint rather than a weaker rate. Versus Cosmopolitan, 88 Scott trades at a $0.89 per square foot (17.0%) discount while providing 283 more interior square feet, so the $800-per-month higher nominal rent reflects the larger suite rather than a rate advantage. Against Metropole, the subject commands a $0.46 per square foot (11.8%) premium with 136 fewer square feet, producing a near-parity monthly rent that is $21 lower despite the higher per-square-foot rate. King Edward Private Residences presents the inverse trade-off: 88 Scott trades at a $0.61 per square foot (12.3%) discount while offering 173 more square feet, driving a $400-per-month higher nominal rent that is purely a footprint effect.

88 Scott fields a 14-item amenity suite anchored by an indoor pool, spin studio, yoga studio, sauna and steam room, rooftop terrace, BBQ area, dining room and kitchen, and a pet wash station—making it the most recreation-dense building in this immediate peer set. The Wellington (1982) offers a squash and racquetball court, hot tub and jacuzzi, and library that 88 Scott does not carry, but lacks the spin studio, yoga studio, rooftop terrace, BBQ area, dining room and kitchen, and pet wash station found at 88 Scott. Cosmopolitan (2005) provides a full-service spa and hot tub absent from 88 Scott's package, yet omits the indoor pool, spin studio, yoga studio, sauna and steam room, rooftop terrace, BBQ area, and pet wash station. Metropole (1997) shares the indoor pool, rooftop terrace, and BBQ area with 88 Scott but adds a squash and racquetball court that 88 Scott does not offer, while missing the spin studio, yoga studio, dining room and kitchen, and pet wash station. King Edward Private Residences (2013) leans into concierge services—room service, housekeeping, a spa, and a business centre—that 88 Scott does not replicate, yet lacks the indoor pool, spin studio, yoga studio, BBQ area, and rooftop terrace. The lifestyle package at 88 Scott is calibrated for active, amenity-driven professionals and young families who prioritize fitness programming, social dining, and pet-friendly infrastructure over white-glove service or racquetball courts.