King Plaza — Rental Market Data

King Plaza has two active listings as of August 31, 2026, with asking rents ranging from $3,200 to $3,450 per month, an average of $3,325, and a median of $3,325. Both units average 975 square feet at $3.48 per square foot. The 100 percent share of 2-Bedroom + Den layouts confirms the current inventory leans entirely toward multi-bedroom executive configurations rather than compact entry-level suites.

The sole active layout at King Plaza is the 2-Bedroom + Den, with two units representing 100 percent of available inventory. Both listings average $3,325 per month across 975 square feet at $3.48 per square foot. No one-bedroom, studio, or three-bedroom tiers are currently listed, making this a single-tier selection for prospective renters.

King Plaza's two active listings span a $250 spread from a minimum entry rent of $3,200 to a peak asking rent of $3,450 per month, a 7.8 percent range. The median asking rent sits at $3,325 per month. The entry-level suite is a 2-Bedroom + Den at 1,100 square feet priced at $2.91 per square foot, while the peak unit is also a 2-Bedroom + Den but at a more compact 850 square feet carrying a $4.06 per square foot rate.

Den premium and square footage delta metrics for King Plaza are unquantified due to insufficient paired sample data. Marginal cost per square foot for additional den space cannot be reliably calculated from the current two-unit active inventory. Parking stall premiums also cannot be reliably isolated, as the available data reflects anomalous outliers or an insufficient paired sample to support a defensible figure.

King Plaza's average asking rent of $3,325 per month and $3.48 per square foot compare to the Downtown Core submarket asking benchmark of $3,471 per month and $4.56 per square foot. The building's rate per square foot sits 23.7 percent below the submarket asking average, a gap explained in part by the larger 975-square-foot active footprints versus the submarket norm. King Plaza represents two out of 224 available listings in the Downtown Core submarket, a 0.9 percent share of total active inventory.

King Plaza's one-year average realized lease rent of $2,940 per month runs $253 below the four-comparable cluster average of $3,193 per month, with Sixty Colborne (60 Colborne St, 0.1 km) and King Edward Private Residences (22 Leader Lane, 0.11 km) serving as the primary active pricing benchmarks. Sixty Colborne, which closed 12 leases in the trailing 180 days, averages $3,073 per month at $4.63 per square foot across 674-square-foot suites, placing the subject $133 per month lower in nominal rent. King Edward Private Residences, with 4 closed leases, averages $2,500 per month at $4.97 per square foot across 510-square-foot suites, meaning the subject commands $440 per month more despite its larger footprint. Gooderham Court (30 Church Street, 0.13 km) and Market Square I (35 Church St, 0.14 km) each recorded only one closed lease; Gooderham Court's single transaction at $4,350 per month across 1,500 square feet reflects a premium large-suite product, while Market Square I's $2,850 per month across 795 square feet sits $90 below the subject. Neither low-volume comp provides a statistically robust rent benchmark.

King Plaza leases at $3.69 per square foot across 800 square feet of average interior space, positioning it at a discount to the comp cluster average of $4.02 per square foot and below the Downtown Core submarket rate of $4.48 per square foot, while offering more floor area than the two highest-volume nearby competitors. Against Sixty Colborne, the subject trades at a $0.94 per square foot (20.3%) discount and provides 126 more interior square feet, so the $133-per-month lower nominal rent is driven by the larger footprint rather than weaker asset valuation. King Edward Private Residences presents a steeper contrast: the subject trades at a $1.28 per square foot (25.8%) discount and delivers 290 more square feet, yet still commands $440 per month more in total rent because the comp's compact 510-square-foot suites carry a premium per-unit rate. Gooderham Court inverts the dynamic—the subject commands a $0.79 per square foot (27.2%) premium over that 1981 tower while providing 700 fewer square feet, reflecting a smaller-suite, higher-rate product. Market Square I is the closest match: the subject carries a modest $0.11 per square foot (3.1%) premium with 5 additional square feet, making the two buildings nearly identical in both rate and scale.

King Plaza offers a seven-item amenity package—concierge and security, rooftop terrace, BBQ area, party and lounge room, meeting room, gym and fitness centre, and games and billiards room—that is broadly comparable to its immediate peers but lacks the aquatic and spa features that distinguish the two most amenity-rich competitors. Sixty Colborne (60 Colborne St) adds an outdoor pool that the subject does not provide, while King Edward Private Residences (22 Leader Lane) layers on a hot tub and jacuzzi, spa, housekeeping services, room service, a pet wash station, and a dedicated business centre, none of which appear in King Plaza's offering. Market Square I (35 Church St) counters with an indoor pool, sauna and steam room, squash and racquetball court, library and reading room, garden and courtyard, and a car wash bay—features absent from the subject. In return, King Plaza's games and billiards room and meeting room are not replicated at Sixty Colborne or Gooderham Court, giving it a casual social and remote-work edge over those two peers. The package best serves cost-conscious young professionals and small households who prioritize a rooftop social space, on-site fitness, and a meeting room for hybrid work over resort-style aquatic or spa facilities.