Seasons I — Rental Market Data

Seasons I lists nine active units as of August 31, 2026, with asking rents spanning $2,325 to $4,200 per month, an average of $2,919 and a median of $2,700. The average active suite measures 711 square feet at $4.15 per square foot, and the dominant layout is the one-bedroom-plus-den at 33.3 percent of available inventory. Current listings skew toward compact entry-level and mid-size suites, with only a single three-bedroom-plus unit at the executive end of the spectrum.

The one-bedroom-plus-den leads active inventory at Seasons I with three listings representing 33.3 percent of available units, averaging $2,517 per month on 583 square feet at $4.32 per square foot. Standard one-bedroom and two-bedroom tiers each hold two listings (22.2 percent share), pricing at $2,413 per month on 600 square feet and $3,150 per month on 753 square feet respectively. The remaining two slots are single-listing scarcity: a two-bedroom-plus-den at $3,400 per month on 850 square feet and a three-bedroom-plus at $4,200 per month on 1,090 square feet.

Seasons I's active asking range stretches from a $2,325 entry point to a $4,200 peak, a dollar spread of $1,875 or 80.6 percent across the nine listed units. The median asking rent lands at $2,700 per month, anchoring the mid-range. The entry-level suite is a 650-square-foot one-bedroom at $3.58 per square foot, while the peak offering is a 1,090-square-foot three-bedroom-plus at $3.85 per square foot, showing that the largest suites actually carry a lower per-square-foot rate than the compact one-bedrooms.

At Seasons I, the active den premium is quantified at $104 per month, though the associated square-footage delta of negative 17 indicates the den adds less dedicated area than a standard bedroom conversion, making the marginal cost per additional square foot unquantifiable from current data. Active parking premiums cannot be reliably isolated due to an insufficient paired sample of verified listings, so no specific monthly parking figure can be quoted for current tenants; however, historical lease data confirms a verified parking add-on of $141 per month.

Seasons I's active asking average of $2,919 per month and $4.15 per square foot both exceed the Don Valley North submarket benchmarks of $2,608 per month and $3.93 per square foot, a 5.6 percent rate premium over the submarket asking level. The nominal rent gap of roughly $311 per month is partially explained by the building's larger average suite footprint of 711 square feet versus the submarket's smaller typical unit, which narrows the effective per-square-foot differential. Seasons I accounts for nine out of 225 available listings in the submarket, representing a 4.0 percent share of total active inventory.

Seasons I's average realized lease rent of $2,637 per month runs $164 above the four-comparable benchmark of $2,473, positioning the subject as the highest-renting asset in this immediate McMahon Drive cluster. Against Seasons II at 85 McMahon Dr (0.03 km, 47 closed leases, $2,676 average rent, $4.09 per square foot, 663 sq ft), the subject trades at a $39-per-month lower monthly rent. Tango at 121 McMahon Dr (0.10 km, 23 closed leases, $2,395 average rent, $3.62 per square foot, 667 sq ft) shows the subject commanding a $242-per-month higher rent. Omega on the Park at 115 McMahon Dr (0.11 km, 33 closed leases, $2,337 average rent, $3.90 per square foot, 611 sq ft) reflects a $300-per-month premium for the subject, and Opus at 117 McMahon Dr (0.13 km, 25 closed leases, $2,482 average rent, $3.88 per square foot, 651 sq ft) shows the subject at $155 per month higher. All four comparables recorded active lease transactions over the trailing 180 days, so each provides a realized-rent benchmark rather than a listing-only reference.

Seasons I leases at $4.02 per square foot across an average 663-square-foot suite, a rate 3.9 percent above the comp-set average of $3.87 per square foot and a footprint 15 square feet larger than the peer mean of 648 square feet. Against Seasons II, the subject trades at a $0.07-per-square-foot (1.7 percent) discount while offering identical average square footage, meaning the lower nominal rent reflects a modest rate concession on an equivalent interior footprint rather than a space trade-off. Versus Tango, the subject commands a $0.40-per-square-foot (11.0 percent) premium yet provides 4 fewer interior square feet, so the higher monthly rent of $242 is driven by both a steeper per-square-foot rate and a marginally tighter suite. Against Omega on the Park, the subject carries a $0.12-per-square-foot (3.1 percent) premium while delivering 52 more interior square feet, meaning the $300-per-month higher rent is partially offset by the larger footprint. Opus shows a $0.14-per-square-foot (3.6 percent) premium for the subject with 12 additional square feet, so the $155-per-month differential blends a modest rate uplift with a slightly more generous interior.

Seasons I fields a 19-item amenity roster that spans aquatic, wellness, sport, remote-work, and social-lifestyle categories, giving it the broadest single-building package on this stretch of McMahon Drive. The subject's Kids Splash Pool is a feature absent from all four named competitors, and its dual-pool configuration (Indoor Pool plus Kids Splash Pool) distinguishes it from Seasons II, which pairs its indoor pool with a Hot Tub & Jacuzzi instead. Seasons II also carries a Business Centre, Lawn Bowling, Piano Lounge, and outdoor Children's Playground that the subject does not list. Tango differentiates with a Pet Wash Station, Tai Chi Deck, Massage Lounge, and Dining Room & Kitchen none of which appear in the subject's roster. Omega on the Park offers a Putting Green and Games & Billiards Room, while Opus includes a Club House and Hot Tub & Jacuzzi that the subject lacks. The subject's Yoga Studio, Golf Simulator, Bowling Alley, Wine Tasting Room, Tea Room, and Media & Theatre Room collectively target families with young children seeking aquatic recreation alongside professionals who want on-site fitness, remote-work meeting space, and social programming without leaving the building.