I lived in exactly that in Liberty Village in Toronto for a period. "Lulu's and Shitzu's" it was often called. How right they were. New rental-only builds were

I lived in exactly that in Liberty Village in Toronto for a period. "Lulu's and Shitzu's" it was often called. How right they were. New rental-only builds were even going up in the area, not just condos. But they were more expensive to rent than the bloody condos, and about 3/4 the size.