UV2 - Upper Village - North Tower — Rental Market Data

UV2 – Upper Village – North Tower has two active listings as of August 31, 2026, spanning $2,100 to $2,500 per month with an average and median asking rent of $2,300. The mean suite size is 650 square feet at an asking rate of $3.58 per square foot. Both available units are one-bedroom configurations—one standard and one with a den—so current inventory leans toward compact entry-level and small executive layouts rather than multi-bedroom family suites.

The dominant active layout is the one-bedroom, with one unit representing 50 percent of available inventory at an average asking rent of $2,100 per month, 550 square feet, and $3.82 per square foot. The remaining 50 percent is a single one-bedroom-plus-den unit listed at $2,500 per month across 750 square feet at $3.33 per square foot. Both tiers consist of individual listings, so renters have no within-tier price comparison to leverage.

UV2 – Upper Village – North Tower's active asking range runs from $2,100 to $2,500 per month, a $400 spread representing 19 percent. The median asking rent sits at $2,300 per month. The entry-level suite is a one-bedroom at 550 square feet priced at $3.82 per square foot, while the peak listing is a one-bedroom-plus-den at 750 square feet priced at $3.33 per square foot, reflecting the den's additional 200 square feet diluting the per-square-foot rate.

UV2 – Upper Village – North Tower carries a $400-per-month den premium for an additional 200 square feet of space, equating to a marginal cost of $2.00 per square foot for the extra den area. Active parking stall premiums cannot be reliably isolated from the available data, as the paired sample is insufficient to produce a defensible figure.

UV2 – Upper Village – North Tower's active asking rate of $3.58 per square foot sits 9.1 percent above the Markham East submarket asking benchmark of $3.28 per square foot, while the building's average asking rent of $2,300 per month is $165 below the submarket average of $2,465. The lower nominal rent reflects the building's 650-square-foot mean suite being 102 square feet smaller than the submarket implied average of 752 square feet. The building accounts for two out of 26 active listings in the Markham East submarket, or roughly 7.7 percent of available inventory.

UV2 – Upper Village – North Tower's average realized lease rent of $2,070 per month sits $285 below the four-comp benchmark of $2,355, with every nearby competitor recording a higher nominal figure. The Upper Village – South Tower at 9500 Markham Rd (0.49 km, 9 closed leases) averaged $2,525 per month at $3.15 per square foot across 829 square feet; The Mark at 9560 Markham Rd (0.53 km, 15 closed leases) averaged $2,353 per month at $3.53 per square foot across 675 square feet; Union – Building B at 1 Climo Ln (0.57 km, 5 closed leases) averaged $2,400 per month at $3.26 per square foot across 762 square feet; and Art House Condos at 9582 Markham Rd (0.58 km, 12 closed leases) averaged $2,141 per month at $3.46 per square foot across 623 square feet. All four competitors posted active lease transactions over the trailing 180 days, so each figure reflects realized market pricing rather than asking-only data. The subject's lower nominal rent is a direct function of its 530-square-foot average suite, not a discount in asset valuation.

UV2 – Upper Village – North Tower commands a per-square-foot premium over every active competitor while delivering fewer interior square feet, meaning the lower monthly rent reflects a compact footprint rather than weaker asset value. Against The Upper Village – South Tower, the subject trades at a $0.91 per square foot (28.9%) premium yet provides 299 fewer interior square feet, so the $455 lower nominal rent is footprint-driven. Versus The Mark, the subject carries a $0.53 per square foot (15.0%) premium with 145 fewer square feet, producing a $283 rent gap. Union – Building B shows a $0.80 per square foot (24.5%) subject premium and 232 fewer square feet, accounting for the $330 differential. Art House Condos presents the tightest spread: a $0.60 per square foot (17.3%) premium and 93 fewer square feet, yielding just a $71 rent gap. In every pairing, the subject's higher rate per square foot is offset by a smaller interior envelope, so a renter choosing the North Tower accepts a tighter layout in exchange for a lower total monthly outlay and a denser amenity package.

UV2 – Upper Village – North Tower offers a 10-item lifestyle package spanning wellness, social, and remote-work themes, placing it ahead of Union – Building B (zero amenities) and on par with or above the other three competitors in specific categories. The subject's Sauna & Steam Room and Yoga Studio are absent from The Upper Village – South Tower, The Mark, and Union – Building B, giving the North Tower a distinct wellness edge over three of four peers. Its Games & Billiards Room and Rooftop Terrace are not found at Union – Building B or Art House Condos, while the Dining Room & Kitchen differentiates it from the South Tower and Union – Building B. Art House Condos counters with an Indoor Pool, Hot Tub & Jacuzzi, and a Digital Arts Centre that the subject does not match, but the North Tower's combination of sauna, dedicated yoga space, billiards, and rooftop access creates a more balanced daily-use profile. The primary renter demographic best served by this package is the 25-to-40 professional who values on-site fitness, quiet social spaces, and a concierge-managed building over resort-style aquatic features or creative-studio programming.