A 2-bedroom condo in the same building. Same floor plan. Same square footage.

One rents for $3,000 per month. The other rents for $3,500.

What explains the difference?

1. Floor Height Changes Perceived Value

Even within the same building, higher floors often command premium rents.

The reasons are simple:
• Better views
• More privacy
• Less street noise
• More natural light

In some buildings, the difference between the 4th floor and 24th floor can justify hundreds of dollars per month.

2. Parking and Storage Can Make a Huge Difference

A unit with:
• One parking stall
• EV charging
• A storage locker

may be especially appealing to a tenant than an otherwise identical unit without those features.

3. Exposure Matters More Than Most People Think

A south-facing unit with natural light will almost always attract more interest than a unit facing a busy road, another building, or a dark courtyard. Many renters decide how they feel about a property within seconds of walking through the door.

4. Listing Quality Impacts Rental Price

Two landlords can market the exact same unit and achieve completely different results. Professional photography, accurate pricing, compelling descriptions, and strong marketing exposure often create more competition among prospective tenants. More competition generally leads to stronger rental outcomes.

5. Timing Can Change Everything

Seasonality affects demand. A landlord listing in late spring may experience a very different market than one listing in December.

Wondering whether your property is achieving its full rental potential? Contact us at info@brixpm.ca for a complimentary rental assessment.