Town Plaza — Rental Market Data

Town Plaza has one active listing as of August 31, 2026, asking $2,900 per month with both the average and median rent at $2,900. The available suite spans 850 square feet at an asking rate of $3.41 per square foot. The entire active inventory consists of a single two-bedroom layout, meaning there is no entry-level one-bedroom or multi-bedroom executive option currently on the market at this address.

The sole active listing at Town Plaza is a two-bedroom unit, representing 100 percent of available inventory. That single suite asks $2,900 per month for 850 square feet, translating to $3.41 per square foot. With only one unit listed, no other bedroom tier—whether one-bedroom or three-bedroom—currently offers a rental option at this building.

Town Plaza's single active listing sets both the minimum and maximum asking rent at $2,900 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same two-bedroom unit at 850 square feet and $3.41 per square foot, so no internal price gradient exists within the current inventory. Renters seeking a lower-cost entry point or a premium executive layout must look to other buildings in the Downsview submarket.

Town Plaza does not have a quantified den premium or den square-footage delta in its active inventory, as the sole listed unit is a standard two-bedroom without a separate den configuration. Parking stall costs cannot be reliably isolated for this building due to an insufficient paired sample of listings with and without parking, so no specific monthly parking add-on can be quoted with confidence.

Town Plaza's active asking rate of $3.41 per square foot sits 9.5 percent below the Downsview submarket asking benchmark of $3.77 per square foot, yet the nominal rent of $2,900 per month exceeds the submarket average asking rent of $2,496 because the 850-square-foot suite is 188 square feet larger than the submarket implied average of 662 square feet. This building accounts for one out of 108 available listings in the Downsview submarket, a share of roughly 0.9 percent. Renters comparing options should weigh the lower per-square-foot rate against the higher absolute monthly cost driven by the expanded footprint.

Town Plaza's average realized lease rent of $2,750 per month runs $187 above the four-building comp benchmark of $2,563, with the primary active competitors being Hampton Plaza at 920 Sheppard Ave W (0.08 km) and Terrace Heights II at 555 Wilson Heights Blvd (0.16 km). Hampton Plaza closed two leases over the trailing 180 days at an average of $2,750 per month, $2.69 per square foot, and 1,025 square feet—matching the subject's nominal rent exactly. Terrace Heights II recorded eight closed leases at an average of $2,375 per month, $3.52 per square foot, and 706 square feet, placing the subject $375 higher on a monthly basis. Terrace Heights III (906 Sheppard Ave W, 0.18 km) and Park Plaza (1030 Sheppard Ave W, 0.19 km) each posted zero closed leases in the same period and therefore carry no realized rent benchmark against which to compare.

Town Plaza leases at $3.24 per square foot for an average 850-square-foot suite, positioning it below the Downsview submarket leased benchmark of $3.76 per square foot but above the two active nearby competitors on a per-unit-area basis. Against Hampton Plaza (920 Sheppard Ave W, 0.08 km, two closed leases), the subject trades at a $0.55 per square foot (20.4%) premium while providing 175 fewer interior square feet, meaning the identical $2,750 monthly rent is spread across a smaller footprint. Against Terrace Heights II (555 Wilson Heights Blvd, 0.16 km, eight closed leases), the subject trades at a $0.28 per square foot (8.0%) discount while delivering 144 more interior square feet; the $375 higher nominal rent is driven entirely by the larger suite footprint rather than a per-unit valuation premium. Terrace Heights III and Park Plaza, with zero closed leases in the trailing 180 days, offer no square-footage or rate benchmark and serve only as architectural references.

Town Plaza's eight-amenity package—Concierge & Security, Gym & Fitness Centre, Sauna & Steam Room, Party & Lounge Room, Meeting Room, Games & Billiards Room, BBQ Area, and Rooftop Terrace—exceeds both active competitors in lifestyle breadth while falling short of the two zero-transaction reference buildings. The Sauna & Steam Room and Games & Billiards Room are absent from Hampton Plaza (920 Sheppard Ave W) and entirely missing from Terrace Heights II (555 Wilson Heights Blvd), which offers only Concierge, Gym, and Rooftop Terrace. Terrace Heights III and Park Plaza each add a Hot Tub & Jacuzzi that the subject does not carry, though both recorded zero lease transactions in the past 180 days and cannot be weighed as active lifestyle alternatives. The subject's combination of wellness (sauna/steam), social (games room, party lounge), and remote-work (meeting room) facilities best serves mid-career professionals and small households in the Downsview corridor who want a full-service residential experience without the premium pricing of a luxury-tier tower.