990 Avenue — Rental Market Data

990 Avenue Road has four active rental listings as of August 31, 2026, with asking rents ranging from $2,195 to $2,250 per month, an average of $2,223 and a median of $2,222. The average suite size across active inventory is 625 square feet at an asking rate of $3.57 per square foot. Inventory is evenly split between one-bedroom and one-bedroom-plus-den layouts, with no two-bedroom or larger units currently available, placing the building squarely in the compact entry-level and small professional segment rather than the multi-bedroom executive tier.

The dominant active layout at 990 Avenue is the one-bedroom, with two listings representing 50 percent of available inventory at an average asking rent of $2,250 per month across 650 square feet and $3.46 per square foot. The one-bedroom-plus-den tier also holds two listings at 50 percent share, averaging $2,195 per month over 600 square feet at $3.68 per square foot. Both tiers are small selections of two units each, meaning renters face limited choice within either bedroom category.

990 Avenue Road's four active listings span a narrow $55 spread (2.5 percent), from a minimum entry rent of $2,195 per month to a peak asking rent of $2,250 per month. The median asking rent sits at $2,222 per month. The entry-level suite is a one-bedroom-plus-den at 550 square feet and $3.99 per square foot, while the peak listing is a one-bedroom at 650 square feet and $3.46 per square foot, meaning the larger unit actually commands a lower rate per square foot despite the higher nominal rent.

At 990 Avenue, active den premiums cannot be reliably quantified; the tracked data shows den suites asking $55 less per month than comparable one-bedrooms while offering 50 fewer square feet, but the marginal cost per square foot for the den space is not calculable from the current sample. Parking stall premiums also cannot be reliably isolated, as the paired sample is insufficient to produce a defensible figure, and no verified parking add-on cost should be assumed for these listings.

990 Avenue Road's active asking rent of $2,223 per month and $3.57 per square foot both trail the North Midtown submarket benchmarks of $2,803 per month and $4.27 per square foot. The 16.4 percent discount on a per-square-foot basis is explained by suite size: active units average 625 square feet, which is 31 square feet smaller than the submarket implied average of 656 square feet, so the lower nominal rent reflects compact footprints rather than a pricing weakness. The building currently accounts for 4 out of 232 available listings in the North Midtown submarket.

990 Avenue Road's average realized lease rent of $2,345 per month exceeds the overall comp benchmark of $2,133 per month by $212, driven primarily by the two lower-renting older-stock peers pulling the average down. Against 480 Oriole Parkway (480 Oriole Pkwy, 0.17 km, one closed lease at $2,600 per month, $3.47 per square foot, 750 square feet), the subject trades at a $255-per-month lower rent. Against 875 Avenue Road (875 Avenue Road, 0.49 km, one closed lease at $1,899 per month, $3.45 per square foot, 550 square feet) and 873 Avenue (873 Avenue Road, 0.51 km, one closed lease at $1,899 per month, $3.45 per square foot, 550 square feet), the subject commands a $446-per-month higher rent. Movada (2 Edith Dr, 0.52 km) recorded zero closed leases over the trailing 180 days and therefore provides no realized rent benchmark for comparison.

At $3.40 per square foot and 700 square feet of average leased space, 990 Avenue Road positions itself as a larger-footprint, slightly lower-rate option relative to every active nearby alternative. Versus 480 Oriole Parkway, the subject trades at a $0.07 per square foot (2.0 percent) discount and provides 50 fewer interior square feet; the $255 lower monthly rent is therefore partly a function of the smaller suite rather than a weaker asset valuation. Against both 875 Avenue Road and 873 Avenue, the subject trades at a $0.05 per square foot (1.4 percent) discount while providing 150 more interior square feet; the $446 higher monthly rent is driven entirely by the larger interior footprint, not by a premium rate. In every active comparison, the subject's per-square-foot rate sits below the comp, meaning the nominal rent variance is a space-size effect rather than a valuation gap.

990 Avenue Road offers a lean, functional amenity package—Concierge & Security, Shared Laundry Room, and Recycling—that sits between the bare-bones older stock and the amenity-heavy new builds in this pocket. The subject shares Concierge & Security and Shared Laundry Room with 875 Avenue Road and 873 Avenue, but adds a dedicated Recycling program that neither of those two buildings lists. Against 480 Oriole Parkway, the subject lacks a Garden & Courtyard; against Movada, the gap widens substantially, as that building provides a Gym & Fitness Centre, Party & Lounge Room, Meeting Room, BBQ Area, Rooftop Terrace, Games & Billiards Room, and Pet Wash Station—none of which appear at 990 Avenue Road. The building's lifestyle package is deliberately minimal: no aquatic or wellness facilities, no remote-work or meeting spaces, no pet-specific amenities. This profile serves cost-conscious professionals and small households who prioritize a secure, low-maintenance one-bedroom with den layout in the Avenue Road corridor over resort-style common areas, and who are willing to forgo on-site recreation in exchange for a lower per-square-foot rate and a larger interior footprint than the 550-square-foot suites at the 1925 and 2026 stock buildings nearby.