Xpression - North Tower — Rental Market Data

Xpression – North Tower has two active listings as of August 31, 2026, spanning a price range of $1,850 to $3,100 per month with an average asking rent of $2,475 and a median of $2,475. The two suites average 510 square feet at a combined asking rate of $4.82 per square foot. Inventory is split evenly between one one-bedroom and one two-bedroom unit, placing the active mix squarely in the entry-level to mid-size tier rather than multi-bedroom executive layouts.

The dominant active layout at Xpression – North Tower is the one-bedroom, with one listing representing 50 percent of available inventory at an average asking rent of $1,850 per month across 400 square feet and a rate of $4.63 per square foot. The two-bedroom tier also holds one listing at 50 percent share, asking $3,100 per month for 619 square feet at $5.01 per square foot. Both tiers reflect single-listing samples, so pricing in each category is driven by an individual deal rather than a broader market signal.

Xpression – North Tower's active asking rents range from a minimum of $1,850 per month to a peak of $3,100 per month, producing a dollar spread of $1,250 and a percentage spread of 67.6 percent. The median asking rent sits at $2,475 per month. The entry-level suite is a one-bedroom at 400 square feet priced at $4.63 per square foot, while the peak listing is a two-bedroom at 619 square feet carrying a rate of $5.01 per square foot.

Den premiums at Xpression – North Tower cannot be reliably quantified from the current active sample, as no paired den versus non-den comparison exists among the two available units. Parking stall costs likewise cannot be isolated from active listings due to an unreliable or insufficient paired sample; however, verified historical lease data confirms a parking premium of $141 per month across closed transactions.

Xpression – North Tower's average asking rent of $2,475 per month sits below the Richmond Hill submarket asking benchmark of $2,800 per month, yet its average asking rate of $4.82 per square foot exceeds the submarket asking benchmark of $3.82 per square foot by 26.2 percent. The nominal rent gap is explained by suite sizing: active listings average 510 square feet, well below the 653-square-foot average across the building's historical leases, so the compact footprint drives a higher per-square-foot rate despite a lower monthly figure. The building represents two out of 94 active listings in the Richmond Hill submarket, or roughly 2.1 percent of total available inventory.

Xpression – North Tower's all-time average realized lease rent of $2,476 per month sits $624 below the four-comparable benchmark of $3,100, a gap driven entirely by the subject's 653-square-foot suite envelopes versus the 1,100-square-foot averages at both active competitors. Observatory Place I at 100 Observatory Lane (0.18 km, completed 1987) recorded one closed lease at $3,200 per month, $2.91 per square foot, and 1,100 square feet; the subject trades at a lower monthly rent, $724 below that figure. 40 Baif at 40 Baif Blvd (0.20 km, completed 1979) also logged one closed lease at $3,000 per month, $2.73 per square foot, and 1,100 square feet, with the subject again at a lower monthly rent, $524 below. Xpression – South Tower (9475 Yonge St, 0.01 km) and Hillcrest Gate II (20 Baif Blvd, 0.12 km) each recorded zero lease transactions over the trailing 180 days and therefore carry no realized rent benchmark; they serve only as architectural and amenity references for this micro-market.

Xpression – North Tower commands a premium of $0.90 per square foot (30.9%) over Observatory Place I and $1.08 per square foot (39.6%) over 40 Baif, while providing 447 fewer interior square feet than either competitor—meaning the lower nominal rent is a footprint effect, not a devaluation of the asset. A renter at the subject pays $2,476 per month for 653 square feet at $3.81 per square foot, versus $3,200 for 1,100 square feet at $2.91 per square foot at Observatory Place I; the $724 monthly savings reflects the 447-square-foot reduction in interior space rather than a weaker rate per unit of area. The same trade-off holds against 40 Baif: the subject's $2,476 rent is $524 lower than the comp's $3,000, yet the subject's $3.81 per square foot rate exceeds the comp's $2.73 by 39.6%, confirming that the nominal discount is a direct function of the smaller suite envelope. Against the Richmond Hill submarket average of $3.63 per square foot, the subject's $3.81 per square foot realized rate runs 5% above the submarket norm, consistent with its 2016 construction, full-service amenity package, and concierge operation in a pocket where the competing stock dates to 1979 and 1987.

Xpression – North Tower fields a 13-item amenity suite—including an indoor pool, gym and fitness centre, dedicated yoga studio, sauna and steam room, business centre, media and theatre room, rooftop terrace, and concierge security—that is materially broader than either active competitor's offering. Observatory Place I (100 Observatory Lane) matches the subject on indoor pool, gym, sauna, party room, meeting room, games room, BBQ, and garden, but lacks the subject's dedicated yoga studio, business centre, media and theatre room, and rooftop terrace; its differentiators are a tennis and pickleball court, hot tub, and library. 40 Baif (40 Baif Blvd) offers only an outdoor pool, gym, games room, party room, meeting room, car wash bay, sauna, and shared laundry—missing the subject's indoor pool, yoga studio, business centre, media room, rooftop terrace, BBQ area, and concierge desk entirely. The zero-volume South Tower mirrors most of the subject's amenities and adds a dog run and car wash bay, while Hillcrest Gate II provides an outdoor pool, gym, sauna, party room, games room, and garden but omits the indoor pool, business centre, media room, and rooftop terrace. This amenity depth, paired with the 2016 build and compact-suite efficiency, positions Xpression – North Tower as the lifestyle-forward choice for young professionals and small households in Richmond Hill who prioritize a full-service residential experience—indoor aquatic recreation, dedicated wellness and remote-work spaces, and concierge convenience—without the larger monthly outlay that 1,100-square-foot suites at the 1979-to-1988-era buildings command.