The Grand II — Rental Market Data

The Grand II has two active listings as of August 31, 2026, spanning a price range of $2,400 to $3,800 per month with an average asking rent of $3,100 and a median of $3,100. The average active suite measures 883 square feet at an asking rate of $3.74 per square foot, and the inventory is split evenly between a one-bedroom entry-level layout and a two-bedroom-plus-den executive configuration. With only two units available out of 219 total suites, the building is effectively at full occupancy and offers no breadth for renters to compare options within the same floor plan.

The Grand II's active inventory is split equally between one-bedroom and two-bedroom-plus-den layouts, with one unit in each tier representing a 50 percent share of available stock. The one-bedroom unit asks $2,400 per month for 550 square feet at $4.36 per square foot, while the two-bedroom-plus-den suite lists at $3,800 per month for 1,216 square feet at $3.13 per square foot. Both tiers are single-listing samples, so no within-tier price comparison is possible and each represents an individual deal rather than a marketable cohort.

The Grand II's two active listings span a $1,400 spread, or 58.3 percent, from the entry-level $2,400 one-bedroom to the peak $3,800 two-bedroom-plus-den suite. The median asking rent of $3,100 per month sits at the midpoint of this range. The entry-level one-bedroom offers 550 square feet at $4.36 per square foot, while the peak two-bedroom-plus-den provides 1,216 square feet at a more efficient $3.13 per square foot, reflecting the premium typically attached to compact entry-level footprints versus larger executive layouts.

The Grand II's active den premium and associated square-footage delta cannot be quantified from the current two-unit sample, as the single two-bedroom-plus-den listing does not have a paired comparable to isolate the marginal cost of den space. Parking stall premiums also cannot be reliably isolated for active listings, as the data reflects an anomalous outlier or insufficient paired sample, and no verified parking add-on cost can be quoted to prospective renters.

The Grand II's active asking rent of $3,100 per month and $3.74 per square foot compare to the Richmond Hill submarket asking benchmark of $2,800 per month at $3.82 per square foot. The building's rate per square foot runs 2.1 percent below the submarket asking average, meaning tenants pay a more competitive per-foot price even though the nominal monthly rent is higher due to the larger average active footprint of 883 square feet. The Grand II accounts for two out of 94 available listings in the Richmond Hill submarket, representing roughly 2.1 percent of total active inventory.

The Grand II's all-time average realized lease rent of $2,810 per month runs $366 above the four-comp benchmark of $2,444, with every nearby competitor closing leases below the subject's realized figure. The Grand I at 9015 Leslie St (0.11 km, one closed lease) averaged $2,300 per month at $3.54 per square foot across 650 square feet, placing the subject $510 higher on a monthly basis. Four Seasons Garden – Building A at 75 Norman Bethune Ave (0.38 km, four closed leases) averaged $2,138 per month at $4.51 per square foot over 489 square feet, with the subject commanding $672 more per month. Valleymede Towers – Building B at 398 Highway 7 E (1.19 km, nine closed leases) averaged $2,717 per month at $3.44 per square foot across 794 square feet, a $93 monthly gap in the subject's favour. Valleymede Towers – Building A at 396 Highway 7 E (1.25 km, nine closed leases) averaged $2,622 per month at $3.52 per square foot over 758 square feet, with the subject $188 higher monthly. All four competitors recorded active lease volume, so each provides a realized rent benchmark rather than a listing-only reference.

The Grand II leases at $3.04 per square foot across an average 980 square feet, trading at a discount below every active nearby competitor on a per-square-foot basis while delivering the largest interior footprint in the cluster. Against The Grand I, the subject offers a $0.50 per square foot (14.1%) discount and 330 more interior square feet, meaning the higher nominal rent is driven entirely by the larger suite size rather than a rate premium. Four Seasons Garden – Building A presents the steepest per-square-foot gap: the subject trades at a $1.47 per square foot (32.6%) discount while providing 491 additional square feet, so a renter paying $672 more monthly is purchasing roughly 100 square feet of extra living area at a substantially lower unit rate. Valleymede Towers – Building B and Building A both show the subject at a $0.40 to $0.48 per square foot discount with 186 to 222 more square feet, reinforcing that the nominal rent differential across this micro-market is a footprint story, not an asset-valuation premium. In every pairing, the subject's higher monthly figure reflects buying more space at a lower per-square-foot cost.

The Grand II's lifestyle package is anchored by sport and outdoor recreation—indoor and outdoor pools, a tennis and pickleball court, a squash and racquetball court, a sauna and steam room, a gym, and a garden courtyard—setting it apart from competitors that lean toward indoor social and business programming. The Grand I at 9015 Leslie St shares most of the subject's recreational suite but adds a party and lounge room, meeting room, and games and billiards room that The Grand II does not offer; conversely, the subject's garden and courtyard have no direct equivalent in the Grand I's amenity list. Four Seasons Garden – Building A differentiates with an EV charging station, yoga studio, hot tub and jacuzzi, BBQ area, and meeting room, none of which appear at The Grand II, while the subject's outdoor pool, tennis and pickleball court, and squash court are absent from the Four Seasons offering. Both Valleymede Towers buildings emphasize a business-centre, library, dining room, and games-room model with no pool, court sports, or sauna facilities—amenities that define The Grand II's recreational identity. The building's sport-forward, pool-and-court lifestyle package best serves active, recreation-oriented renters who prioritize outdoor fitness, court play, and dual-pool access over indoor meeting spaces or business-centre infrastructure.