Canvas on the Rouge — Rental Market Data

Canvas on the Rouge has two active listings as of August 31, 2026, with asking rents ranging from $2,000 to $2,500 per month, an average of $2,250, and a median of $2,250. The average suite size across both listings is 750 square feet at an asking rate of $3.01 per square foot. Inventory is split evenly between a one-bedroom-plus-den and a two-bedroom-plus-den, with each tier represented by a single listing, so neither compact entry-level nor multi-bedroom executive layouts dominate in volume.

The dominant active layout at Canvas on the Rouge is the one-bedroom-plus-den, with one listing representing 50 percent of available inventory at an average asking rent of $2,000 per month across 650 square feet and a rate of $3.08 per square foot. The two-bedroom-plus-den tier also holds one listing at 50 percent share, asking $2,500 per month for 850 square feet at $2.94 per square foot. Both tiers are single-listing samples, so renters should treat pricing as individual transaction data rather than a market-rate band.

Canvas on the Rouge shows a minimum entry rent of $2,000 per month and a peak asking rent of $2,500 per month, producing a $500 spread or 25 percent range. The median asking rent sits at $2,250 per month, splitting the spread evenly. The entry-level suite is a one-bedroom-plus-den at 650 square feet and $3.08 per square foot, while the peak offering is a two-bedroom-plus-den at 850 square feet and $2.94 per square foot, meaning the larger layout actually commands a lower per-square-foot rate despite the higher absolute rent.

Canvas on the Rouge does not have a quantified den premium or square-footage delta between den and non-den configurations in its current active inventory, so the marginal cost of den space cannot be isolated from the two available listings. Active parking stall premiums also cannot be reliably determined due to an insufficient paired sample, and no verified monthly parking fee should be assumed when budgeting for a unit at this address.

Canvas on the Rouge asks an average of $2,250 per month at $3.01 per square foot, compared to the Markham East submarket asking benchmark of $2,465 per month and $3.28 per square foot, placing the building 8.2 percent below the submarket on a rate-per-square-foot basis. The nominal rent gap of $215 per month is explained by the building's larger average suite footprint of 750 square feet versus the submarket norm, which dilutes the per-square-foot rate even as absolute rents remain competitive. Canvas on the Rouge accounts for two out of 26 available listings in the Markham East submarket, representing roughly 7.7 percent of current active inventory.

Canvas on the Rouge's average realized lease rent of $2,253 per month sits $460 below the overall comp benchmark of $2,713 per month, a gap driven primarily by The Varley's premium pricing at 0.29 km. The Varley at 20 Fred Varley Dr (built 2018, three closed leases) averaged $3,467 per month at $4.80 per square foot across 775-square-foot suites, placing the subject $1,214 lower on a monthly basis. The Residences of South Unionville Square at 8323 Kennedy Rd (built 2014, eleven closed leases) averaged $2,173 per month at $3.75 per square foot across 582-square-foot suites, meaning the subject commands $80 more per month despite offering 99 additional square feet. Walden Pond I at 55 Austin Dr (built 1988, one closed lease) averaged $2,500 per month at $2.94 per square foot across 850-square-foot suites, with the subject trading $247 lower monthly. Walden Pond II at 25 Austin Dr (built 1988) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark against which to compare the subject.

Canvas on the Rouge leases at $3.42 per square foot across an average 681-square-foot suite, positioning it at a discount to both The Varley ($4.80 per square foot) and The Residences of South Unionville Square ($3.75 per square foot) while commanding a premium over Walden Pond I ($2.94 per square foot). Against The Varley, the subject trades at a $1.38 per square foot (28.8 percent) discount and provides 94 fewer interior square feet, so the lower monthly rent of $1,214 reflects both a smaller footprint and a more competitive rate per unit of space. Against The Residences of South Unionville Square, the subject offers a $0.33 per square foot (8.8 percent) discount yet delivers 99 more interior square feet, meaning the $80 monthly premium over that comp is entirely a function of the larger suite rather than a higher asset valuation. Against Walden Pond I, the subject commands a $0.48 per square foot (16.3 percent) premium while providing 169 fewer interior square feet, so the $247 lower monthly rent is driven by the smaller interior footprint offsetting the higher per-square-foot rate. The submarket average of $3.26 per square foot confirms the subject is priced slightly above the broader Markham East norm, consistent with its 2022 completion and modern build quality.

Canvas on the Rouge offers a focused five-item amenity package—Concierge & Security, Party & Lounge Room, Rooftop Terrace, Hot Tub & Jacuzzi, and Gym & Fitness Centre—that is leaner than its nearest peers but includes two lifestyle features absent from The Varley and The Residences of South Unionville Square. The Hot Tub & Jacuzzi at the subject is not available at The Varley (0.29 km) or The Residences of South Unionville Square (1.31 km), while the Rooftop Terrace is missing from both Walden Pond I and Walden Pond II, which instead emphasize indoor aquatic and recreational facilities like pools, saunas, and tennis courts. The Varley extends well beyond the subject with a Media & Theatre Room, Yoga Studio, Dining Room & Kitchen, Garden & Courtyard, BBQ Area, Meeting Room, Car Wash Bay, Pet Wash Station, and Shared Laundry Room—features Canvas on the Rouge does not offer. The Residences of South Unionville Square adds a Meeting Room and Media & Theatre Room to its core set. Walden Pond I and II provide the most extensive wellness and recreation packages in the cluster, including Indoor Pools, Saunas & Steam Rooms, Tennis & Pickleball Courts, Games & Billiards Rooms, Libraries, and Dining Rooms. The subject's package best serves cost-conscious young professionals and small households who prioritize a modern, low-maintenance living environment with a rooftop social space and hot-tub access over the full-service resort-style amenities found at the 1988-era Walden Pond buildings or the broader lifestyle suite at The Varley.