Park Avenue Place - Tower 1 — Rental Market Data

Park Avenue Place - Tower 1 has exactly one unit available as of August 31, 2026, asking $2,850 per month with both the average and median rent at $2,850. The listing spans 850 square feet at a rate of $3.35 per square foot and is a two-bedroom layout, representing 100 percent of current active inventory. With only a single unit on the market, the building's available stock is confined to this mid-size two-bedroom tier, offering no entry-level studio or one-bedroom alternatives for renters seeking smaller footprints.

The sole active layout at Park Avenue Place - Tower 1 is a two-bedroom unit, accounting for 100 percent of the building's current available inventory. This single listing asks $2,850 per month for 850 square feet, equating to $3.35 per square foot, and sits in the mid-range of the building's historical lease profile. No one-bedroom, studio, or three-bedroom units are currently listed, so renters seeking alternative bedroom configurations must look to other buildings in the Maple submarket.

Park Avenue Place - Tower 1's active pricing spread is effectively zero, with both the minimum and maximum asking rent at $2,850 per month across its single available unit. The entry-level and peak suite are the same two-bedroom layout at 850 square feet and $3.35 per square foot, so there is no internal price gradient to navigate. Renters evaluating this listing should compare it directly against the 90-day realized average of $2,650 per month and the Maple submarket asking benchmark of $2,629 per month to gauge where this asking price falls in the broader market.

Den premium and parking stall costs at Park Avenue Place - Tower 1 cannot be reliably quantified from the current data. The active den premium, square footage delta, and marginal cost per square foot for additional den space are all unrecorded, and the parking premium is flagged as an unreliable outlier or insufficient paired sample, meaning no verified dollar figure can be quoted. Renters interested in parking should request a direct quote from the leasing office rather than relying on platform-derived estimates.

Park Avenue Place - Tower 1's active asking rent of $2,850 per month sits $221 above the Maple submarket average asking rent of $2,629, while its rate of $3.35 per square foot is 13.2 percent below the submarket asking benchmark of $3.86 per square foot. The nominal rent premium is explained by the active unit's 850-square-foot footprint, which is substantially larger than the typical submarket listing, making the per-square-foot comparison the more meaningful measure of value. The building holds 1 out of 38 active listings in the Maple submarket, representing a 2.6 percent share of total available inventory.

Park Avenue Place – Tower 1 realizes an average lease rent of $2,644 per month, which is $317 above the four-comp benchmark of $2,327 and $110 above the Maple submarket average of $2,534. Against Park Avenue Place – Tower 2 at 9085 Jane St (0.05 km, 15 closed leases, $2,373 average rent, $3.59 per square foot, 673 sq ft), the subject commands a $271-per-month higher rent. Against Abeja District – Tower I at 10 Abeja St (0.16 km, 15 closed leases, $2,427 average rent, $3.54 per square foot, 691 sq ft), the subject's rent is $217 higher. Against Abeja District – Tower II at 474 Caldari Rd (0.16 km, 22 closed leases, $2,219 average rent, $3.68 per square foot, 622 sq ft), the subject trades at $425 more per month. Against Abeja District – Tower III at 498 Caldari Rd (0.22 km, 27 closed leases, $2,288 average rent, $3.59 per square foot, 651 sq ft), the subject's realized rent is $356 higher. All four competitors recorded active lease transactions over the trailing 180 days, so each figure represents a realized pricing benchmark rather than an asking-price reference.

Park Avenue Place – Tower 1 leases at $3.38 per square foot across an average 788-square-foot suite, a rate that sits below every active competitor's per-square-foot pricing while delivering the largest interior footprint in the immediate pocket. Versus Park Avenue Place – Tower 2, the subject trades at a $0.21-per-square-foot (5.8%) discount and provides 115 more interior square feet, so the $271 higher monthly rent is entirely a function of the larger plan rather than a rate premium. Against Abeja District – Tower I, the subject offers a $0.16-per-square-foot (4.5%) discount with 97 additional square feet, making the $217 nominal gap a space differential. Against Abeja District – Tower II, the discount widens to $0.30 per square foot (8.2%) and the subject delivers 166 more square feet, meaning the $425 higher rent buys substantially more living area at a cheaper unit rate. Against Abeja District – Tower III, the subject trades at a $0.21-per-square-foot (5.8%) discount with 137 extra square feet, again converting the higher sticker price into additional interior area. In every pairing, the renter is not paying a valuation premium; the higher monthly figure reflects a larger suite priced at a more competitive per-square-foot rate than the 2025 Abeja stock.

Park Avenue Place – Tower 1 offers an eleven-item lifestyle package anchored by a rooftop terrace, garden courtyard, fire pit, library and reading room, meeting room, and games and billiards room, positioning it as a community-gathering and quiet-productivity building rather than a resort-wellness asset. The fire pit and garden courtyard are absent from all three Abeja District towers, and the dedicated meeting room is missing from Tower 2, Abeja Tower I, and Abeja Tower II; the library and reading room does not appear in Abeja Tower I or Tower III. In return, the subject lacks the wellness and work-lifestyle features that define the Abeja group—indoor pool, plunge pool, sauna and steam room, yoga studio, business centre, co-working space, artist studio, pet wash station, and children's play rooms are all present in one or more Abeja towers but absent here. The trade-off is clear: a renter choosing Tower 1 gains a fire-pit courtyard, a quiet library, and a formal meeting room for remote-work or small gatherings, while giving up the aquatic and spa facilities that anchor the Abeja District's lifestyle pitch. This package best serves young professionals and small households in Vaughan who prioritize outdoor social space, a dedicated reading or work nook, and a straightforward gym over resort-style wellness amenities.