Transit City — Rental Market Data

There are currently 7 active listings at Transit City, resulting in a low availability rate of 1.3%. The inventory is heavily skewed toward larger units, with 2-Bedroom suites making up 85.7% of the available stock.

Breaking down each specific tier, 2-bedroom suites account for 6 units (85.7% of inventory) with an average asking rent of $2,375 per month. A single 1-bedroom + den suite is available, asking $2,000 per month.

Asking rents for active units range from $2,000 to $2,700 per month. The highest-priced suite is a 2-Bedroom suite asking $2,700 per month, while the most affordable is the 1-Bedroom + Den at $2,000 per month.

Parking premium data is inconclusive due to an insufficient paired sample; therefore, no reliable parking premium can be isolated for active listings.

The average active asking rate of $3.50 per square foot is 6.2% below the Vaughan Metropolitan Centre submarket asking benchmark of $3.73 per square foot.

Transit City at 898 Portage Pkwy averages $2,375 per month across its all-time lease sample, which is $93 above the four-comparable average of $2,282. TC4 at 1000 Portage Pkwy reports an average lease of $2,184 per month at $3.93 per square foot across 565-square-foot suites. Transit City 2 at 5 Buttermill Avenue shows $2,346 per month at $3.39 per square foot over 696 square feet. TC5 at 7890 Jane Street records $2,315 per month at $3.70 per square foot across 632 square feet. The Millway currently has zero active listings in the 180-day window, so no lease-level rent or per-square-foot figures are available for direct comparison.

Transit City at 898 Portage Pkwy delivers 708 square feet of interior space at $3.37 per square foot on its all-time leased average, a rate that is lower than every active competitor in the immediate cluster and 9.2 percent below the Vaughan Metropolitan Centre submarket lease benchmark of $3.71 per square foot. Against TC4's 565-square-foot suites at $3.93 per square foot, the subject provides 143 additional square feet while charging $0.56 less per square foot; versus TC2's 696-square-foot units at $3.39 per square foot, the subject adds 12 square feet at a $0.02 per square foot discount; and compared with TC5's 632-square-foot layouts at $3.70 per square foot, the subject offers 76 more square feet at a $0.33 per square foot saving.

Transit City at 898 Portage Pkwy fields a 16-item amenity suite that overlaps heavily with its three active neighbours but differentiates on dual-pool access (indoor and outdoor), a dedicated yoga studio, a full basketball court, an indoor running track, and a combined media-theatre and games-billiards room. Where TC4 at 1000 Portage Pkwy distinguishes itself with a golf simulator, a Tesla car-share program, and an on-site Buca restaurant and bar, the subject counters with its own indoor and outdoor pools, squash and racquetball court, and the indoor track that TC4 does not list. Transit City 2 at 5 Buttermill Avenue shares the subject's basketball court, yoga studio, and indoor track but adds a golf simulator that the subject lacks; TC5 at 7890 Jane Street layers in an EV charging station, a library and reading room, a dining room with kitchen, a garden courtyard, and a co-working space beyond the subject's business centre. The Millway at 185 Millway Avenue / 20 Bent Tree Drive offers a garden courtyard and indoor running track alongside its core fitness and pool amenities but omits the dual-pool setup, basketball court, and media-theatre room found at the subject.