Grand Genesis - Building B — Rental Market Data

Grand Genesis – Building B has three active listings as of August 31, 2026, with asking rents ranging from $2,275 to $3,200 per month, an average of $2,625 per month, and a median of $2,400 per month. The active suites average 633 square feet at an asking rate of $4.47 per square foot. One-bedroom units account for 66.7 percent of available inventory, indicating the current listing pool leans toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at Grand Genesis – Building B is the one-bedroom, with two listings representing 66.7 percent of available inventory at an average asking rent of $2,338 per month across 475 square feet and a rate of $5.03 per square foot. The two-bedroom tier holds a single listing at $3,200 per month for 950 square feet, translating to $3.37 per square foot. With only three units on the market, renters face a constrained selection across both bedroom tiers.

Grand Genesis – Building B spans a $925 asking rent spread, or 40.7 percent, between its entry-level one-bedroom at $2,275 per month and its peak two-bedroom at $3,200 per month. The median asking rent sits at $2,400 per month. The entry suite is a 400-square-foot one-bedroom priced at $5.69 per square foot, while the peak offering is a 950-square-foot two-bedroom at $3.37 per square foot, reflecting a significant footprint premium that compresses the per-square-foot rate at the top of the range.

Den premiums and square-footage deltas for active listings at Grand Genesis – Building B cannot be reliably quantified from the current sample. Parking stall costs likewise cannot be isolated, as the paired data set is insufficient to produce a dependable monthly figure. Renters should request itemized parking and den add-on pricing directly from the leasing office before signing a lease.

Grand Genesis – Building B's average asking rent of $2,625 per month at $4.47 per square foot compares to the Richmond Hill submarket asking benchmark of $2,800 per month at $3.82 per square foot. The building trades at a 17 percent premium on a per-square-foot basis, yet its nominal rent is lower than the submarket average because active suites average 633 square feet versus the submarket implied 733-square-foot footprint. Grand Genesis – Building B accounts for three out of 94 available listings in the Richmond Hill submarket, a 3.2 percent share of total active inventory.

Grand Genesis – Building B's average realized lease rent of $2,370 per month sits $268 below the overall comp benchmark of $2,638, a gap driven entirely by the subject's smaller suite footprints rather than weaker asset positioning. Grand Genesis – Building A at 9088 Yonge St (0.07 km, 7 closed leases) averaged $2,593 per month at $3.57 per square foot across 736-square-foot suites, meaning the subject trades at a $223-per-month lower nominal rent despite a higher per-square-foot rate. Place III at 9 Northern Heights Dr (0.12 km, 4 closed leases) averaged $2,620 per month at $3.45 per square foot over 763 square feet, placing the subject $250 below that peer on headline rent. Place I at 29 Northern Heights Dr (0.25 km, 1 closed lease) recorded a $2,700 average at $2.84 per square foot across 950 square feet, a $330-per-month gap that reflects the subject's 350-square-foot smaller footprint. Place II at 19 Northern Heights Dr (0.17 km) recorded zero closed leases in the trailing 180 days and therefore carries no realized rent benchmark for comparison.

Grand Genesis – Building B leases at $4.06 per square foot across an average 600-square-foot suite, a rate that commands a clear premium over every active nearby competitor while the lower nominal rent reflects the building's compact interior footprint rather than a discount in asset value. Against Grand Genesis – Building A, the subject trades at a $0.49 per square foot (13.7 percent) premium yet provides 136 fewer interior square feet, so the $223-per-month lower headline rent is a direct function of the smaller suite size. Place III presents a wider spread: the subject commands a $0.61 per square foot (17.7 percent) premium while delivering 163 fewer square feet, keeping the nominal rent $250 below that 2003-era building. The steepest contrast appears with Place I, where the subject's $1.22 per square foot (43 percent) premium over a 950-square-foot average suite translates into a $330-per-month lower rent—entirely a footprint differential, not a valuation gap. In every active comparison, the subject's lower monthly figure is an arithmetic consequence of providing fewer interior square feet, not a signal of weaker per-unit pricing power in this Richmond Hill pocket.

Grand Genesis – Building B offers an 11-item amenity suite that includes an indoor pool, gym and fitness centre, sauna and steam room, party and lounge room, business centre, media and theatre room, games and billiards room, dining room and kitchen, BBQ area, garden and courtyard, and concierge security—a full-service lifestyle package that is slightly leaner than its twin but competitive across the peer set. Grand Genesis – Building A extends that list with a hot tub and jacuzzi, a dedicated meeting room, a library and reading room, and a rooftop terrace, giving it four additional features over the subject. The Place buildings differentiate through outdoor sport and family-oriented amenities: Place III and Place I both offer tennis and pickleball courts, and Place III adds a children's outdoor playground and a pet wash station—features absent from the subject's roster. The subject's dining room and kitchen, combined with its media theatre room and games room, create a strong indoor social and remote-work environment that appeals to young professionals and small households who prioritize fitness, aquatic recreation, and flexible workspaces over outdoor courts or family play areas, making the building best suited to cost-conscious professionals in their late twenties to mid-thirties who value a turnkey indoor lifestyle over expansive outdoor recreational grounds.