The Allegro at Opera Place — Rental Market Data

The Allegro at Opera Place features 1 active listing as of August 31, 2026, offering a price of $3,550 per month with an average and median rent of $3,550 per month. The active inventory spans an average size of 850 square feet at an asking rate of $4.18 per square foot. The single available listing represents a 100 percent concentration in 2-Bedroom multi-room executive layouts, reflecting a total absence of compact entry-level suites in the current pool.

The dominant active layout at The Allegro at Opera Place is the 2-Bedroom tier, comprising 1 listing and a 100 percent share of current inventory. This tier commands an average asking rent of $3,550 per month across an average of 850 square feet at a rate of $4.18 per square foot. Zero units are currently available across all other bedroom configurations.

The Allegro at Opera Place records a minimum entry rent of $3,550 per month and a peak asking rent of $3,550 per month, resulting in a dollar spread of $0 and a percentage spread of 0 percent. Median asking rent stands at $3,550 per month. The entry-level suite consists of a 2-Bedroom layout spanning 850 square feet at an asking rate of $4.18 per square foot, matching the peak suite metrics identically due to single-listing inventory.

The Allegro at Opera Place has no active den premium data available, as den square footage deltas and marginal price per square foot figures are null. Active parking premium data cannot be reliably isolated due to an insufficient paired sample, so parking fees cannot be accurately determined from current listings.

The Allegro at Opera Place commands an average asking rent of $3,550 per month at $4.18 per square foot, compared to the Downtown Core submarket asking averages of $3,471 per month and $4.56 per square foot. The building's asking rate per square foot trades 8.3 percent below the submarket benchmark, representing its current share of the 224 total active listings across the broader submarket.

The Allegro at Opera Place achieves an average lease rent of $2,801 per month, which tracks slightly below the overall comparable average of $2,873 per month across its primary competitors on Bay Street and Wellesley Street West. Individual competitor benchmarks include Opera Place II at 889 Bay St with an average lease rent of $3,106 per month, $3.79 per square foot, and an average size of 840 square feet; Opera Place I at 887 Bay St averaging $2,732 per month, $3.99 per square foot, and 718 square feet; 11 Wellesley on the Park at 11 Wellesley St W averaging $2,838 per month, $5.03 per square foot, and 572 square feet; and The Britt at 955 Bay St averaging $2,816 per month, $4.59 per square foot, and 619 square feet.

The Allegro at Opera Place defines its value proposition through a realized average lease rate of $4.04 per square foot across an average suite size of 719 square feet, positioning it below the premium pricing seen in newer adjacent towers. When evaluated against newer alternatives, the building trades at a discount compared to 11 Wellesley on the Park at $5.03 per square foot and The Britt at $4.59 per square foot. Renters here trade away the ultra-modern finishes and glass-heavy architecture of 2020s construction in exchange for more generous interior square footage, lower overall base rents relative to space, and established room proportions that are increasingly rare in newer Downtown Core developments.

The Allegro at Opera Place delivers a robust lifestyle and amenity package that successfully competes with newer neighboring towers by offering a mix of wellness, social, and functional spaces. The building features 9 signature amenities, including Concierge & Security, Party & Lounge Room, Meeting Room, Gym & Fitness Centre, Sauna & Steam Room, Rooftop Terrace, Garden & Courtyard, Media & Theatre Room, and Games & Billiards Room. Unlike newer competitors such as 11 Wellesley on the Park and The Britt—which incorporate trendy additions like yoga studios, spin studios, pet wash stations, and indoor or outdoor pools—The Allegro focuses on traditional, well-proportioned indoor and outdoor social spaces like its rooftop terrace and courtyard garden. This established amenity profile best serves professionals and mature renters who prioritize functional square footage, secure concierge services, and classic recreational spaces over resort-style water features.