Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Harbourfront-CityPlace
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25 Telegram Mews, Toronto
Built
2009
Storeys
47
Suites
529
Developer
Concord Adex
Corporation
TSCC-2016
Walk Score
97
Free · about 45 seconds · no obligation
What is your unit at Montage worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 510Spadina Ave at Bremner Blvd North Side510 Spadina streetcarSteps away
- 1St Andrew stationLine 1 Yonge–University1.1 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.2 km
- UPUnion stationUP Express · Pearson to Union1.2 km
- 63OssingtonTTC bus1.3 km
- 114Queens Quay EastTTC bus1.3 km
- 121Esplanade-RiverTTC bus1.3 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Jean Lumb Public School
20 Brunel Crt Unit 2, Toronto
0.2 km · ~3 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.8 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
0.2 km · ~3 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.6 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Pierre Elliott Trudeau
2.0 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Montage actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 9 | $480,000 | 46 | $2,400/mo |
| 2 bed | 4 | $811,000 | 22 | $3,200/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Montage
Do mostly owners or renters live here?
Renter-heavy building. Of 186 deals here in the last 24 months, 156 were leases and 30 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Montage?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Montage
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at Montage lists or sells.
Portals tell you a listing exists. I tell you whether it is priced right for this building, which stack it is in, and what the last comparable unit actually went for.
- New listings for sale or rent here
- What units sold for, with my read on it
- No account, no spam, stop with one reply
Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Shawarma
Liberty Shawarma
Steps away
Coffee
Starbucks
0.2 km · ~3 min walk
Italian
Mailo's The Pasta Project
0.2 km · ~3 min walk
Pizza
Prince Street Pizza Canada
0.2 km · ~3 min walk
Mexican
Fat Bastard Burrito
0.2 km · ~3 min walk
Japanese
Nome Izakaya
0.2 km · ~3 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Northern Linear Park
- Canoe Landing
- Southern Linear Park
Nearest grocery
Loblaws
0.5 km · ~8 min walk
Prices: TRREB MLS® System aggregate medians for 25 Telegram Mews, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Montage at 25 Telegram Mews is the CityPlace tower I suggest to buyers who want the neighbourhood’s prices and views but a little more architectural care than the typical glass tower. KPMB Architects designed it for Concord Adex, it was registered in 2009, and its fee includes heat, cooling and parking, which keeps the monthly cost predictable. With 529 suites it is also a big, busy building, and that cuts both ways. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Montage is a 529-suite condominium at 25 Telegram Mews, near Spadina Avenue and Fort York Boulevard in CityPlace, downtown Toronto. It was developed by Concord Adex, with KPMB Architects as design architect and Page + Steele / IBI Group as architect of record, and registered on 15 May 2009 as TSCC-2016. It is reported as 47 storeys, though KPMB’s own project page describes a 40-storey tower. Suites range from about 540 to 1,356 square feet. The maintenance fee includes common elements, heat, air conditioning, building insurance, water and parking. Property management is listed as ICC Property Management.
Montage at a glance
A KPMB tower in a neighbourhood of Concord towers
Most of CityPlace was built by one developer, Concord Adex, over about two decades, and many of its towers share a family resemblance. Montage stands out a little because Concord brought in KPMB Architects, one of Canada’s best-known firms, as design architect, with Page + Steele / IBI Group as architect of record.
Montage and its neighbour Neo were designed together as one block at the southern end of Spadina. Montage is the point tower on the northwest corner, and Neo is a lower loft-style building running north to south. KPMB’s idea was to tie the buildings together with a continuous framing element, to use glass and metal on the upper floors, and to use stone, wood and other tactile materials at street level so the base feels less like a wall of glass.
The block was meant to work as a gateway to CityPlace from Spadina, with retail at the base and a glass pavilion on Bremner Boulevard holding a restaurant, shops and recreational space. A public art piece was installed on the north side of the building in 2010.
How tall is Montage?
Most sources, including UrbanToronto’s coverage at the time, put Montage at 47 storeys, and that is the figure condos.ca uses. KPMB’s own project page describes it as a 40-storey point tower. The difference may come down to how mechanical or podium levels are counted, but I have not been able to confirm which is right.
For buyers, the height matters mainly for views. Upper floors here look out over the city and the lake, and UrbanToronto ran a photo story on the views as the building finished. In CityPlace, though, views can be blocked by the next tower, so judge a suite’s outlook in person rather than by floor number.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Suites, sizes and a big-building reality
Suites range from about 540 to 1,356 square feet, mostly one-bedroom-plus-dens and two-bedroom-plus-dens. There are no tiny studios at the bottom of the range, and the upper end is family-sized by downtown standards. The listings currently on the market are almost all plus-den plans, which tells you how common that layout is here.
Before you count a den as a bedroom, check its size and whether it has a door and a window. In many plus-den plans in buildings of this era, the den is an alcove off the living room, which suits a home office but not a child or a roommate.
With 529 suites, the building has the busy lobby, elevator waits at peak times and steady move-in traffic you would expect. It also has scale on its side: costs are spread across many owners, which helps keep the fee per square foot low, and there are enough sales each year to price a suite with confidence.
CityPlace day to day
CityPlace was built on former railway lands south of Front Street and is now one of the densest residential neighbourhoods in Toronto. You are walking distance from the waterfront, the Rogers Centre, the financial district and King West, and the neighbourhood has filled in with shops and services at the bases of its towers. The data panel on this page lists what is nearby.
The trade-offs are density and noise. Suites facing south or east sit closer to the Gardiner Expressway and the rail corridor, and game nights and events bring crowds. Ask about the exposure of any suite you are considering, and visit at a busy time. Transit and walkability details are in the data panel on this page.
CityPlace is also still changing. Concord’s newest tower, Canada House on Spadina Avenue, finished in 2025, and downtown towers keep going up around CityPlace’s edges. A new tower can take away a view, but it also brings more services and keeps the neighbourhood in demand, which supports resale for the older buildings around it.
What Montage costs, and why the fee is good value
The building average sits around $880 per square foot, which is in line with the better CityPlace towers and below what newer buildings along Spadina and Front ask.
At the time I wrote this there were five active listings. One-bedroom-plus-dens were asking roughly $488,000 to $599,900, and two-bedroom-plus-dens roughly $1.06 million to $1.65 million. Fees on those listings ranged from about $387 to about $995 a month, averaging about $0.65 per square foot.
That fee is one of the stronger points of this building. It includes common elements, heat, air conditioning, building insurance, water and parking. At $0.65 per square foot with heat, cooling and parking in, the monthly carrying cost compares well with newer towers that look cheaper on fees but meter heat and cooling separately. For actual sold figures, use the aggregate data on this page or ask me for a building sold report.
Building specifications
| Building name | Montage |
| Address | 25 Telegram Mews, Toronto |
| Developer | Concord Adex |
| Architect | KPMB Architects (design); Page + Steele / IBI Group (architect of record) |
| Storeys | Reported as 47; KPMB’s project page says 40 |
| Total suites | 529 |
| Condo corporation | TSCC-2016 |
| Registered | 15 May 2009 |
| Property management | ICC Property Management |
| Suite sizes | Approximately 540 to 1,356 sq ft |
| Fees include | Common elements, heat, air conditioning, building insurance, water and parking |
| Sister building | Neo, on the same block |
Amenities at Montage
The amenity list here is about hosting and convenience: concierge, guest suites, party and meeting rooms and BBQ areas. The block was also planned with recreational space in the pavilion on Bremner Boulevard; ask which facilities your corporation can use and how the costs are shared.
Jatin’s honest take on Montage
Who this building suits
Professionals who work downtown and want to walk, and couples who want a one-plus-den or two-plus-den with predictable monthly costs. It suits investors too, because the building is large enough to have a steady rental market and the fee is low for what it includes. It suits buyers who value architecture enough to pay for a KPMB building over a generic one.
What I’d want you to check
Check the exposure first: south and east suites are closer to the expressway and rail corridor. At about 17 years old, the building is in the window where windows, balcony membranes, garage and mechanical systems come due, so read the reserve fund study and look for planned special assessments. Confirm which amenities are shared with Neo or other parts of the block and how those costs are split. Pet restrictions are listed, so read the rules before you buy with a pet.
The value question
At about $880 per square foot and $0.65 per square foot in fees, with heat, cooling and parking included, Montage is one of the better-value towers in CityPlace. You give up the newest finishes and accept a big, busy building. In return you get a strong architect, a well-run fee structure and plenty of comparable sales. I like it for owner-occupiers who plan to stay and for investors who want a liquid building.
Free building report: Montage
Send me your email and I’ll put together a current report on Montage — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Montage — frequently asked questions
Who designed Montage?
KPMB Architects was the design architect, with Page + Steele / IBI Group as architect of record, for developer Concord Adex.
How many storeys is Montage?
Most sources report 47 storeys. KPMB’s own project page describes a 40-storey tower, so check the condominium plan if it matters to you.
When was Montage built?
It was completed in 2009, and the corporation, TSCC-2016, was registered on 15 May 2009.
How many suites does Montage have?
529 suites, from about 540 to 1,356 square feet.
What do the maintenance fees include?
Common elements, heat, air conditioning, building insurance, water and parking. Hydro is separate.
What is the relationship between Montage and Neo?
They were designed together by KPMB as one block at the south end of Spadina. Montage is the tall point tower; Neo is the lower loft-style building.
What amenities does Montage have?
Concierge, guest suites, party and meeting rooms, BBQ areas and a parking garage. Beanfield Fibre is available.
Are pets allowed at Montage?
Pet restrictions are listed. Read the declaration and rules for the details before you buy.
Who manages Montage?
Property management is listed as ICC Property Management. Confirm the current manager in the status certificate.
How does Montage compare with Concord Canada House nearby?
Canada House is Concord’s much newer tower on Spadina, finished in 2025, and its resale average runs well above $1,000 per square foot. Montage is older, cheaper per square foot and includes heat, cooling and parking in its fee.
How much do condos at Montage sell for?
Over the last 12 months the median resale at Montage was $500,000, across 13 sales. The typical unit sold in 34 days at about 96% of the asking price. That works out to roughly $869 per square foot.
How much is rent at Montage?
The median lease at Montage over the last 12 months was $2,500/mo, from 69 leases. Units typically leased in 10 days.
What does each unit type cost at Montage?
Over the last 24 months: One-bedrooms sold for a median $480,000 and rented for $2,400/mo; Two-bedrooms sold for a median $811,000 and rented for $3,200/mo. Each median uses three or more deals.
Are prices at Montage up or down since 2022?
Down about 20%. The median sold price per square foot was $1,092 in 2022 and $869 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Montage offer an investor?
At a median price of $500,000 and a median rent of $2,500 a month, the gross yield is about 6.0%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Montage?
Mostly renters. Of the deals here in the last 24 months, 84% were leases and 16% were sales.
Can you Airbnb a unit at Montage?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Montage had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Montage zoned for?
For TDSB public schools, the address is zoned for Jean Lumb Public School (Elementary, JK–8), Harbord Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Montage?
The nearest subway is St Andrew station (Line 1 Yonge–University), 1.1 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.2 km; UP Express runs from Union station, 1.2 km; the 510 Spadina streetcar stops 0.1 km away; the closest bus is the Ossington (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Montage?
Walk Score 97, Transit Score 100 and Bike Score 95. Most daily errands can be done on foot.
What restaurants and shops are near Montage?
Within about a 10-minute walk: Liberty Shawarma (Shawarma), Starbucks (Coffee), Mailo's The Pasta Project (Italian), Prince Street Pizza Canada (Pizza), Fat Bastard Burrito (Mexican). The closest grocery store is Loblaws, 0.5 km away.
Which parks are near Montage?
Northern Linear Park, Canoe Landing, Southern Linear Park are the closest green spaces.
What is my unit at Montage worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Montage lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including King West, Liberty Village and CityPlace. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Montage, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.