Grand Palace - B — Rental Market Data

Grand Palace - B has 2 active listings as of August 31, 2026, with asking rents ranging from $2,450 to $2,998 per month, an average of $2,724, and a median of $2,724. Both available suites measure 650 square feet and carry an asking rate of $4.19 per square foot. The entire active inventory consists of 1-Bedroom + Den layouts (100 percent share), placing the building squarely in the compact entry-level-plus segment rather than multi-bedroom executive territory.

The sole active layout at Grand Palace - B is the 1-Bedroom + Den, with 2 units representing 100 percent of available inventory. Both listings average $2,724 per month across 650 square feet at $4.19 per square foot, forming a small but consistent selection within a single bedroom tier. No studio, two-bedroom, or three-bedroom units are currently on the market.

Grand Palace - B shows an active asking spread of $548 (22.4 percent), with the entry unit listed at $2,450 per month and the peak unit at $2,998 per month. The median asking rent sits at $2,724 per month. The entry-level suite is a 1-Bedroom + Den at 650 square feet priced at $3.77 per square foot, while the peak unit is also a 1-Bedroom + Den at 650 square feet but carries a higher rate of $4.61 per square foot, reflecting internal differentiation within the same layout tier.

Den premium and marginal cost-per-square-foot figures for Grand Palace - B cannot be reliably quantified from the current active sample, as both available units already include a den within the 1-Bedroom + Den configuration and no paired without-den comparison exists. Active parking stall premiums also cannot be reliably isolated due to an insufficient paired sample or anomalous outlier data, so no specific monthly parking fee should be assumed for either listing.

Grand Palace - B asks an average of $2,724 per month at $4.19 per square foot, which is 9.7 percent above the Richmond Hill submarket asking benchmark of $3.82 per square foot and $76 below the submarket average asking rent of $2,800. The lower nominal rent relative to the submarket average reflects the building's 650-square-foot suites being 83 square feet smaller than the submarket implied average of 733 square feet, so the per-square-foot rate actually trades at a premium. Grand Palace - B accounts for 2 out of 94 active listings in the Richmond Hill submarket, a 2.1 percent share of total available inventory.

Grand Palace – B's average realized lease rent of $2,460 per month sits $179 below the two-active-comp benchmark of $2,639 and $97 below the Richmond Hill submarket average of $2,557. Against Grand Palace – Building C at 9618 Yonge St (0.04 km, 10 closed leases, $2,700 average rent, $4.42 per square foot, 681 square feet), the subject trades at a $240-per-month lower rent. Grand Palace – A at 9608 Yonge St (0.09 km, 11 closed leases, $2,577 average rent, $3.69 per square foot, 712 square feet) shows the subject at a $117-per-month lower rent. Hillcrest Gate I (5 Weldrick Rd W, 0.26 km) and 50 Baif (50 Baif Blvd, 0.29 km) each recorded zero closed leases over the trailing 180 days, so neither provides a realized rent benchmark for direct comparison.

Grand Palace – B's leased rate of $3.55 per square foot on an average 695-square-foot suite undercuts both active nearby alternatives and the submarket lease benchmark of $3.63 per square foot, delivering a value-oriented entry point in the Richmond Hill pocket. Versus Grand Palace – Building C, the subject trades at a $0.87-per-square-foot (19.7%) discount while providing 14 more interior square feet, meaning the lower nominal rent is driven by both a materially lower rate and a slightly larger footprint rather than a smaller unit. Against Grand Palace – A, the subject offers a $0.14-per-square-foot (3.8%) discount but provides 17 fewer interior square feet, so the modest rent savings here reflect a tighter suite at a marginally lower rate. In both cases the subject's lower monthly figure is a function of interior footprint and per-square-foot pricing rather than a premium asset valuation.

Grand Palace – B fields an 11-item amenity suite that includes a Yoga Studio, Outdoor Pool, BBQ Area, and Rooftop Terrace—four lifestyle features absent from both active competitors. Grand Palace – Building C counters with a Hot Tub & Jacuzzi and a Media & Theatre Room that the subject does not offer, while Grand Palace – A adds a Business Centre, Media & Theatre Room, and Lobby Cafe & Snack Bar beyond the subject's package. The subject's unique combination of dual pools (indoor and outdoor), a dedicated yoga studio, and a rooftop terrace with BBQ access positions it as the outdoor-living and wellness-focused option in the cluster, best serving active professionals and families who prioritize open-air recreation, fitness variety, and social gathering space over indoor media or café amenities.