Joy Station Condos — Rental Market Data

Joy Station Condos has four active listings as of August 31, 2026, with asking rents ranging from $2,200 to $3,000 per month, an average of $2,475, and a median of $2,350. The average suite spans 694 square feet at an asking rate of $3.62 per square foot, and the two-bedroom layout dominates at 50 percent of available inventory. Current listings lean toward mid-size one-bedroom and two-bedroom units rather than compact entry-level studios or large multi-bedroom executive plans.

The two-bedroom layout leads Joy Station Condos' active inventory with two units representing 50 percent of available suites, averaging $2,750 per month at 788 square feet and $3.54 per square foot. One-bedroom and one-bedroom-plus-den tiers each hold a single listing at 25 percent share, both asking $2,200 per month; the one-bedroom spans 550 square feet at $4.00 per square foot while the den unit covers 650 square feet at $3.38 per square foot. No studio or three-bedroom units are currently on the market.

Joy Station Condos' active asking rents span from a $2,200 entry point to a $3,000 peak, producing an $800 spread or 36.4 percent range. The median asking rent sits at $2,350 per month. The entry-level suite is a 550-square-foot one-bedroom priced at $4.00 per square foot, while the peak listing is a 926-square-foot two-bedroom at $3.24 per square foot, showing that the top-tier unit commands a higher absolute rent despite a lower per-square-foot rate.

Joy Station Condos' active den premium is unquantified; the one-bedroom-plus-den unit carries a 100-square-foot footprint delta over the standard one-bedroom but shows a $0 marginal premium and $0.00 per square foot incremental cost in the current sample. Active parking stall premiums cannot be reliably isolated due to an insufficient paired sample, though verified historical lease data indicates a $228 per month parking add-on across closed transactions.

Joy Station Condos asks an average of $2,475 per month at $3.62 per square foot, compared to the Markham East submarket asking benchmark of $2,465 per month at $3.28 per square foot. The building's nominal rent is only $10 above the submarket average, but its 10.4 percent premium on a per-square-foot basis reflects the larger 694-square-foot average suite size relative to the neighborhood norm. Joy Station Condos represents four out of 26 active listings in the Markham East submarket, or roughly 15 percent of available inventory.

Joy Station Condos realizes an average lease rent of $2,244 per month, sitting $84 below the four-comp benchmark of $2,328 and $128 under the Markham East submarket average of $2,372. Union – Building A at 1709 Bur Oak Ave (0.42 km, 3 closed leases) averages $2,417 per month at $3.08 per square foot over 783 square feet, placing the subject $173 lower in nominal rent. Union – Building B at 1 Climo Ln (0.45 km, 5 closed leases) averages $2,400 per month at $3.26 per square foot over 762 square feet, with the subject trading $156 below. Art House Condos at 9582 Markham Rd (0.49 km, 12 closed leases) averages $2,141 per month at $3.46 per square foot over 623 square feet, making the subject $103 higher in realized rent. The Mark at 9560 Markham Rd (0.57 km, 15 closed leases) averages $2,353 per month at $3.53 per square foot over 675 square feet, with the subject $109 lower. All four competitors recorded active lease transactions, so each provides a realized pricing benchmark rather than a listing-only reference.

Joy Station Condos leases at $3.48 per square foot over an average 652-square-foot suite, a rate that sits above the four-comp average of $3.33 per square foot and the submarket benchmark of $3.26 per square foot, while its interior footprint is smaller than three of the four nearby alternatives. Against Union – Building A, the subject trades at a $0.40 per square foot (13.0%) premium while providing 131 fewer interior square feet, meaning the nominal rent gap of $173 is driven primarily by the larger Union suite rather than a lower asset valuation. Union – Building B shows a similar pattern: the subject commands a $0.22 per square foot (6.7%) premium over 110 fewer square feet, with the $156 rent differential reflecting the footprint difference. Art House Condos presents the closest rate comparison at just a $0.02 per square foot (0.6%) premium, and here the subject actually provides 29 more interior square feet, so the $103 higher rent is a genuine per-unit valuation step. The Mark is the one comp where the subject trades at a $0.05 per square foot (1.4%) discount while providing 23 fewer square feet, meaning the lower nominal rent of $109 is partly a function of the smaller Joy Station suite rather than a weaker rate position.

Joy Station Condos fields a 24-item amenity program that includes an indoor pool, sauna and steam room, hot tub and jacuzzi, golf simulator, cabanas, yoga studio, indoor kids' play room, business centre, and pet wash station—making it the most amenity-dense building in this immediate Markham East cluster. Union – Building A offers only concierge and security, and Union – Building B provides no common lifestyle or recreational facilities whatsoever, operating as a bare-bones residential product. Art House Condos overlaps on pool, sauna, hot tub, gym, BBQ, and meeting room but differentiates with an artist's studio, digital arts centre, culinary arts room, and media theatre that Joy Station does not carry. The Mark shares gym, party room, rooftop terrace, pet wash, and dining kitchen but lacks any aquatic or wellness suite (no pool, sauna, or hot tub) and instead offers a car wash bay and tai chi studio. The subject's signature differentiators—golf simulator, cabanas, dedicated yoga studio, indoor kids' play room, and business centre—are absent from every named competitor. This package targets young professional families and dual-income households in their late twenties to mid-thirties who want resort-style recreation, remote-work infrastructure, and child-friendly programming without the arts-centric niche positioning of Art House or the stripped-down utility of the Union buildings.