Victoria Tower — Rental Market Data

Victoria Tower at 88 Times Ave lists two active units as of August 31, 2026, with asking rents ranging from $3,300 to $4,200 per month, an average of $3,750, and a median of $3,750. The two suites average 782 square feet at a combined asking rate of $5.63 per square foot, and both are two-bedroom layouts representing 100 percent of current inventory. The active sample skews toward mid-size two-bedroom configurations rather than compact entry-level studios or multi-bedroom executive plans, with one unit at 1,045 square feet and the other at 518 square feet.

The sole active layout at Victoria Tower is the two-bedroom configuration, accounting for both available units and 100 percent of current inventory. The two-bedroom tier carries an average asking rent of $3,750 per month across 782 square feet at $5.63 per square foot, with the larger unit at 1,045 square feet asking $3,300 ($3.16 per square foot) and the smaller at 518 square feet asking $4,200 ($8.11 per square foot). No one-bedroom, studio, or three-plus-bedroom units are currently listed, so renters seeking those configurations must look to the broader Markham West submarket.

Victoria Tower's two active listings span a $900 spread, from a minimum entry rent of $3,300 per month to a peak asking rent of $4,200 per month, representing a 27.3 percent range. The median asking rent sits at $3,750 per month, splitting the two-unit sample evenly. The entry-level option is a 1,045-square-foot two-bedroom at $3.16 per square foot, while the peak listing is a compact 518-square-foot two-bedroom priced at $8.11 per square foot, illustrating how suite size drives the rate-per-square-foot variance within this small active set.

Den premium data for Victoria Tower cannot be quantified from the current active sample, as no paired den versus non-den comparisons exist among the two listed units. Parking stall costs likewise cannot be reliably isolated; the available data reflects an anomalous outlier or insufficient paired sample, so no specific monthly parking figure can be quoted with confidence. Renters should request a direct parking add-on quote from the leasing office before finalizing a lease.

Victoria Tower's active asking average of $3,750 per month and $5.63 per square foot both exceed the Markham West submarket benchmarks of $2,730 per month and $3.61 per square foot, placing the building 56 percent above the submarket asking rate on a per-square-foot basis. The nominal monthly rent gap of roughly $1,020 is partly explained by the active suites averaging 782 square feet versus the submarket's broader mix, yet the per-square-foot premium remains the dominant differentiator. Victoria Tower's two listings represent 5 percent of the 40 active units currently available across Markham West, a modest share that limits cross-building comparison depth for renters.

Victoria Tower's one-year average realized rent of $2,408 per month runs $27 above the four-comp benchmark of $2,381, placing it marginally ahead of the immediate peer set. Thornhill Tower I at 62 Suncrest Blvd (0.07 km, 7 closed leases) averaged $2,404 per month at $3.03 per square foot across 807 square feet, a near-identical rent to the subject. Thornhill Tower II at 48 Suncrest Blvd (0.13 km, 4 closed leases) averaged $2,113 per month at $3.47 per square foot across 613 square feet, meaning the subject commands a $295-per-month higher rent despite offering 179 more interior square feet. The Tower II at 51 Times Ave (0.15 km, 6 closed leases) averaged $2,508 per month at $3.24 per square foot across 800 square feet, so the subject trades at a $100-per-month lower rent with 8 fewer square feet. The Derby Tower at 130 Pond Dr (0.20 km, 1 closed lease) averaged $2,500 per month at $3.33 per square foot across 750 square feet, placing the subject $92 lower per month while providing 42 additional square feet.

Victoria Tower leases at $3.09 per square foot across an average 792-square-foot suite, a rate that undercuts the four-comp average of $3.27 per square foot and the submarket benchmark of $3.52 per square foot while delivering more interior space than three of the four nearby alternatives. Against Thornhill Tower I, the subject commands a $0.06-per-square-foot (2.0 percent) premium but provides 15 fewer interior square feet, a modest trade-off for a slightly higher rate. Versus Thornhill Tower II, the subject trades at a $0.38-per-square-foot (11.0 percent) discount and delivers 179 more square feet; the $295 higher nominal rent is entirely a function of the larger footprint rather than a superior per-unit valuation. The Tower II presents a $0.15-per-square-foot (4.6 percent) discount for the subject with 8 fewer square feet, a near-parity trade where the subject gives up minimal space for a slightly lower rate. The Derby Tower shows a $0.24-per-square-foot (7.2 percent) discount for the subject alongside 42 more square feet, meaning tenants gain meaningful interior area while paying less per month than the comp's realized average.

Victoria Tower offers an eight-feature lifestyle package anchored by an indoor pool, hot tub and jacuzzi, sauna and steam room, gym and fitness centre, meeting room, party and lounge room, games and billiards room, and concierge with security. Thornhill Tower I at 62 Suncrest Blvd extends that list with a media and theatre room, golf simulator, and card room—three features the subject does not carry—while Thornhill Tower II at 48 Suncrest Blvd adds a garden and courtyard plus the same media and golf-simulator offerings. The Tower II at 51 Times Ave and The Derby Tower at 130 Pond Dr both lack an indoor pool and hot tub, making Victoria Tower's aquatic and wellness suite a clear differentiator against those two competitors. The Derby Tower does include an EV charging station and a dedicated recreation room that the subject omits. For a cost-conscious professional or young family seeking full-service aquatic amenities, a fitness centre, and meeting space without paying the premium attached to golf-simulator or media-theatre features, Victoria Tower's package targets renters who prioritize pool access and social facilities over niche recreational add-ons.