Westwood Gardens - East Tower — Rental Market Data

Westwood Gardens – East Tower has six active listings as of August 31, 2026, with asking rents ranging from $2,500 to $4,000 per month, an average of $2,933, and a median of $2,775. The average suite in the current inventory measures 792 square feet at an asking rate of $3.77 per square foot. The dominant layout is the 1-Bedroom + Den at 33.3 percent of active inventory, and the mix skews toward mid-size two-bedroom and den configurations rather than compact entry-level studios or large executive multi-bedroom layouts.

The 1-Bedroom + Den leads active inventory with two listings representing 33.3 percent of available units, averaging $2,500 per month on 700 square feet at $3.59 per square foot. The 2-Bedroom tier also holds two listings at 33.3 percent, averaging $2,775 per month on 650 square feet at $4.27 per square foot, while the 2-Bedroom + Den and 3-Bedroom+ tiers each carry a single listing at 16.7 percent, priced at $3,050 on 850 square feet and $4,000 on 1,200 square feet respectively.

Westwood Gardens – East Tower's active asking rents span from a $2,500 entry point to a $4,000 peak, a $1,500 spread representing 60 percent of the entry price. The median asking rent sits at $2,775 per month. The entry-level suite is a 1-Bedroom + Den measuring 650 square feet at $3.85 per square foot, while the peak listing is a 3-Bedroom+ unit at 1,200 square feet carrying a lower rate of $3.33 per square foot, reflecting the premium attached to compact den configurations versus larger multi-bedroom footprints.

Westwood Gardens – East Tower's active den premium and the associated square-footage delta between den and non-den suites cannot be reliably quantified from the current sample. Marginal cost per square foot for additional den space is therefore uncalculated. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample, so no specific monthly parking figure can be quoted for the building's current listings.

Westwood Gardens – East Tower's active asking rate of $3.77 per square foot sits 1.3 percent below the Richmond Hill submarket asking benchmark of $3.82 per square foot, while the building's average asking rent of $2,933 per month exceeds the submarket average of $2,800 by roughly 4.8 percent. That nominal rent gap is explained by suite size: the building's active inventory averages 792 square feet versus a submarket norm that supports the lower per-unit asking price, so renters are paying more in total dollars for materially more space. The building represents six out of 94 available listings in the Richmond Hill submarket, or approximately 6.4 percent of current inventory.

Westwood Gardens – East Tower's all-time average realized lease rent of $2,648 per month runs $154 above the four-comp blended benchmark of $2,494, positioning the building in the upper half of its immediate Richmond Hill peer set. The two highest-volume competitors price above the subject: 8888 Yonge (8888 Yonge St, 0.02 km, 22 closed leases) averages $2,792 per month at $3.73 per square foot across 777 square feet, and Era at Yonge (95 Oneida Cres, 0.35 km, 26 closed leases) averages $2,733 per month at $3.71 per square foot across 744 square feet. The subject therefore trades at a $144-per-month discount to 8888 Yonge and an $85-per-month discount to Era at Yonge. Below the subject, Westwood Gardens – West Tower (3 Rosewater St, 0.05 km, 6 closed leases) averages $2,325 per month at $3.85 per square foot across 606 square feet, and Gates of Bayview Glen II (51 Baffin Crt, 0.3 km, 4 closed leases) averages $2,125 per month at $3.39 per square foot across 638 square feet. All four comparables recorded closed lease transactions over the trailing 180 days, so each figure represents a realized market rate rather than an asking-price placeholder.

Westwood Gardens – East Tower leases at $3.88 per square foot across an average 698-square-foot suite, a rate that sits above the Richmond Hill submarket benchmark of $3.63 per square foot and above every one of its four nearby comparables. Against 8888 Yonge ($3.73 per square foot, 777 sq ft), the subject commands a $0.15-per-square-foot (4.0%) premium while providing 79 fewer interior square feet; the lower nominal rent of $144 per month is driven entirely by that smaller footprint rather than a weaker asset valuation. Versus Era at Yonge ($3.71 per square foot, 744 sq ft), the subject carries a $0.17-per-square-foot (4.6%) premium with 46 fewer square feet, again explaining the $85-per-month rent gap through interior scale. On the other side of the ledger, the subject trades at a $0.03-per-square-foot (0.8%) premium over Westwood Gardens – West Tower ($3.85 per square foot, 606 sq ft) while providing 92 more square feet, and a $0.49-per-square-foot (14.5%) premium over Gates of Bayview Glen II ($3.39 per square foot, 638 sq ft) with 60 additional square feet. In every pairing the subject's per-square-foot rate is the highest in the set, meaning a renter choosing the East Tower pays a modest unit-rate premium but gains or trades interior space depending on the specific competitor.

Westwood Gardens – East Tower fields a 14-item amenity program that includes a sauna and steam room, sports court, car wash bay, meeting room, and media and theatre room—features that collectively differentiate it from every nearby competitor. Against 8888 Yonge (0.02 km), the subject adds a sauna and steam room, a dedicated sports court, a car wash bay, and a meeting room, while 8888 Yonge counters with an outdoor pool, an indoor kids' play room, and a games and billiards room that the East Tower does not offer. Compared with Era at Yonge (0.35 km), the subject provides a sports court, car wash bay, pet wash station, and media and theatre room absent from Era's lineup, whereas Era differentiates with an indoor pool, EV charging station, and games and billiards room. The 2002-era Gates of Bayview Glen II (0.3 km) offers only five amenities—gym, games room, party room, meeting room, and concierge—and lacks the subject's aquatic wellness suite, rooftop terrace, BBQ area, dining room, pet wash station, and sports court. The West Tower (0.05 km) shares most core features but omits the car wash bay, sauna and steam room, meeting room, and sports court found at the East Tower. This package—pairing aquatic wellness (sauna/steam), a dedicated sports court, remote-work infrastructure (meeting room), and pet-care facilities (pet wash station) under one roof—best serves young professionals and small families in Richmond Hill who want a full-service lifestyle building without the resort-scale pool amenity that anchors the 2024–2025 generation of competitors.