Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
Boutique Condos in one look.
21 Nelson St, Toronto
Built
2010
Storeys
13
Suites
334
Developer
Urban Capital
Corporation
TSCC-2061
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Boutique Condos 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
- 1Osgoode stationLine 1 Yonge–University0.2 km
- 501Queen St West at St Patrick St501 Queen streetcar0.2 km
- 19BayTTC bus0.6 km
- 97YongeTTC bus0.6 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines0.7 km
- UPUnion stationUP Express · Pearson to Union0.7 km
- 114Queens Quay EastTTC bus0.8 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–6
Ogden Junior Public School
33 Phoebe St, Toronto
0.6 km · ~9 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
1.2 km · ~19 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.5 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.4 km · ~22 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
1.7 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.5 km · ~23 min walk
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 Boutique Condos actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 6 | $535,000 | 29 | $2,300/mo |
| 2 bed | 5 | $650,000 | 17 | $2,850/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 Boutique Condos
Do mostly owners or renters live here?
Renter-heavy building. Of 120 deals here in the last 24 months, 99 were leases and 21 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 Boutique Condos?
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 Boutique Condos
- 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 Boutique Condos lists or sells.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Burgers
The Burger's Priest
Steps away
Sandwiches
Subway
Steps away
Japanese
Mizunara Japanese Whisky Experience
Steps away
Pub
Gibbons Irish Pub
Steps away
Restaurant
Jabistro
Steps away
Coffee
Tim Hortons
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- St. Patricks Square
- Grasett Park
- Grange Park
Nearest grocery
No Frills
0.3 km · ~5 min walk
Prices: TRREB MLS® System aggregate medians for 21 Nelson St, 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.
Boutique Condos at 21 Nelson Street was built to feel like a boutique hotel, and walking into the lobby, it still does. It is a 334-suite Urban Capital project at the corner of Simcoe Street, between the financial district and the Entertainment District, with Cecconi Simone interiors and a fee that covers heat, cooling and parking. The building has aged well; the question is whether you are buying the right suite in it. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Boutique Condos is a 334-suite condominium at 21 Nelson Street, at Simcoe Street, in downtown Toronto between the financial district and the Entertainment District. It was developed by Urban Capital with West Development Group, Malibu Investments and ALIT Developments, with ZAS Architects and Core Architects and interiors by Cecconi Simone. It was registered on 8 April 2010 as TSCC-2061. Storey counts conflict between sources (see below). Suites range from about 424 to 2,466 square feet. The maintenance fee includes common elements, heat, air conditioning, building insurance, water and parking. Property management is listed as Maple Ridge Community Management.
Boutique Condos at a glance
Designed around the idea of a boutique hotel
The concept was in the name. Urban Capital and its partners set out to make a condominium that felt like a small luxury hotel, with a designed lobby, hotel-style services and a glass, loft-inspired tower. Cecconi Simone, one of Toronto’s best-known interior design firms, did the interiors, and ZAS Architects worked on the suites alongside Core Architects.
Over fifteen years later, that investment in the common areas is still visible. The lobby and corridors are what most buyers remember after a showing, and they help the building hold its position against newer towers nearby. Whether the suites have kept up is a different question, and it depends entirely on how each owner has maintained and updated theirs.
Urban Capital’s buildings tend to attract design-minded buyers, and that shows up in resale here. Well-kept suites with the original finishes in good order sell to a specific kind of buyer who is willing to pay for them. Tired suites do not get the same premium just because of the lobby.
In practical terms, the hotel idea comes down to a staffed concierge desk, guest suites you can book for visitors, and common rooms designed to be used rather than just shown on a sales tour. That is a real benefit if you host family from out of town often. It also carries a cost: staffed desks and well-finished common areas are among the larger lines in any condo budget, so ask how the concierge contract and common-area refreshes are funded.
How tall is it? Sources disagree
This is one point where the published numbers do not line up. Condos.ca lists 21 Nelson as 13 floors. UrbanToronto and SkyriseCities describe the Boutique project as a 35-storey tower and a 16-storey building, completed around 2011. The sister building, Boutique II at 126 Simcoe Street, has its own listing profile.
A count of 334 suites fits a tower much better than a 13-storey building, so I suspect the 13 is an error or refers to only part of the project. I am not going to pick a number I cannot verify. If height, view or floor count matters to your decision, ask the property manager directly and check the condominium plan in the status certificate.
What does matter for buyers is that the two Boutique buildings are separate listings and may be separate corporations. Confirm which corporation you are buying into, TSCC-2061 for 21 Nelson, and whether any amenities or costs are shared with 126 Simcoe.
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.
A very wide range of suite sizes
Suites run from about 424 square feet to about 2,466 square feet. At the small end, that means compact one-bedrooms and studios that appeal to investors and first-time buyers. At the top, there are penthouse-level suites large enough to compete with a house.
That range is good for choice but complicates pricing. Small suites carry a much higher price per square foot than large ones, so the building average tells you little about any one suite. Penthouses trade rarely and need careful comparables. If you are buying at either end, ask for sales of similar sizes rather than relying on the building average.
For investors, the small suites at this location rent easily, because tenants who work in the financial district can walk to the office. For owner-occupiers, I would look at the two-bedroom and larger plans, which are in shorter supply.
Parking is listed as part of the fee. If the suite you like does not come with a space, ask whether its fee is any lower as a result; in some buildings the parking portion is built into every unit’s share, and in others it is charged only to owners who have a space. The status certificate and the budget will tell you which applies here.
The corner of Nelson and Simcoe
This is a quieter downtown address than its location suggests. Nelson Street is a short side street, and the building sits a little away from the King West bar crowd while still being a short walk to the financial core, Queen Street West and the theatres on King. Studio 2 across Nelson Street and Boutique II on Simcoe are its closest condo neighbours. Transit, walkability and nearby services are covered in the data panel on this page.
What Boutique Condos costs
The building average sits around $817 per square foot. That is reasonable for a well-known, design-led building this close to the financial district, and below what newer towers nearby ask.
At the time I wrote this there were two active listings, both two-bedroom plans of different sizes, asking between about $599,000 and $1.25 million. Monthly fees on those listings ranged from about $741 to about $1,319. With only two listings, that range tells you more about how wide the suite mix is than about where the market is.
The fee includes common elements, heat, air conditioning, building insurance, water and parking. Having heat, cooling and parking in the fee is a real advantage here, since many newer downtown towers meter heat and cooling separately and charge for parking on top. Hydro is on your own meter. For actual sold figures, use the aggregate data on this page or ask me for a building sold report.
Building specifications
| Building name | Boutique Condos |
| Address | 21 Nelson Street, Toronto M5V 3H9 |
| Developer | Urban Capital, with West Development Group, Malibu Investments and ALIT Developments |
| Architect | ZAS Architects with Core Architects |
| Interior design | Cecconi Simone |
| Storeys | Sources conflict: 13 per condos.ca; the project is described elsewhere as a 35-storey tower and a 16-storey building |
| Total suites | 334 |
| Condo corporation | TSCC-2061 |
| Registered | 8 April 2010 |
| Property management | Maple Ridge Community Management |
| Suite sizes | Approximately 424 to 2,466 sq ft |
| Fees include | Common elements, heat, air conditioning, building insurance, water and parking |
| Sister building | Boutique II, 126 Simcoe Street |
Amenities at Boutique Condos
The amenities lean towards hosting and comfort: a concierge, guest suites for visitors, a rooftop deck, a party room and meeting rooms. Combined with the hotel-style lobby, the package is aimed at people who entertain and have guests, rather than at people who want a big gym or pool.
Jatin’s honest take on Boutique Condos
Who this building suits
Professionals working in the financial district who want to walk to work, and design-minded buyers who value the common areas. The small suites suit investors and first-time buyers; the larger plans suit couples and downsizers who want hotel-style service and predictable costs.
What I’d want you to check
Settle the storey count and confirm the corporation in the status certificate, especially what is shared with Boutique II. At about 16 years old, the building is in the window where windows, cladding seals, garage membranes and mechanical systems come due, so read the reserve fund study. Check the pet rules, since a pet restriction is listed. And look closely at suite condition, because the lobby will impress you whether or not the suite has been kept up.
The value question
At about $817 per square foot with heat, cooling and parking in the fee, Boutique Condos is fair value for a well-designed building in a strong location. It does not have the newest finishes, but the bones and the common areas are good. I would pay for a well-maintained suite here and negotiate hard on a tired one.
Free building report: Boutique Condos
Send me your email and I’ll put together a current report on Boutique Condos — 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.
Boutique Condos — frequently asked questions
Who developed Boutique Condos?
Urban Capital, with West Development Group, Malibu Investments and ALIT Developments. ZAS Architects and Core Architects worked on the design and Cecconi Simone did the interiors.
When was Boutique Condos built?
The corporation, TSCC-2061, was registered on 8 April 2010. Construction was finishing around 2010 to 2011.
How many storeys is 21 Nelson Street?
Sources conflict. Condos.ca lists 13 floors, while UrbanToronto and SkyriseCities describe the project as a 35-storey tower and a 16-storey building. Check the condominium plan in the status certificate.
How many suites are there?
334 suites, from about 424 to 2,466 square feet.
What do the maintenance fees include?
Common elements, heat, air conditioning, building insurance, water and parking. Hydro is separate.
What amenities does Boutique Condos have?
Concierge, guest suites, a rooftop deck, party room, meeting rooms and a parking garage. FibreStream internet is available.
Are pets allowed?
A pet restriction is listed. Read the declaration and rules for the details before you buy.
What is the difference between Boutique and Boutique II?
Boutique Condos is at 21 Nelson Street; Boutique II is at 126 Simcoe Street and has its own profile. Confirm which corporation you are buying into and what, if anything, is shared.
Who manages Boutique Condos?
Property management is listed as Maple Ridge Community Management. Confirm the current manager in the status certificate.
Why is it called Boutique?
The developers designed it to feel like a boutique hotel, with a designed lobby, hotel-style services and Cecconi Simone interiors.
How much do condos at Boutique Condos sell for?
Over the last 12 months the median resale at Boutique Condos was $588,000, across 11 sales. The typical unit sold in 38 days at about 96% of the asking price. That works out to roughly $788 per square foot.
How much is rent at Boutique Condos?
The median lease at Boutique Condos over the last 12 months was $2,750/mo, from 47 leases. Units typically leased in 8 days.
What does each unit type cost at Boutique Condos?
Over the last 24 months: One-bedrooms sold for a median $535,000 and rented for $2,300/mo; Two-bedrooms sold for a median $650,000 and rented for $2,850/mo. Each median uses three or more deals.
Are prices at Boutique Condos up or down since 2022?
Down about 19%. The median sold price per square foot was $967 in 2022 and $788 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Boutique Condos offer an investor?
At a median price of $588,000 and a median rent of $2,750 a month, the gross yield is about 5.6%, 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 Boutique Condos?
Mostly renters. Of the deals here in the last 24 months, 83% were leases and 17% were sales.
Can you Airbnb a unit at Boutique Condos?
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 Boutique Condos 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 Boutique Condos zoned for?
For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), 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 Boutique Condos?
The nearest subway is Osgoode station (Line 1 Yonge–University), 0.2 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 0.7 km; UP Express runs from Union station, 0.7 km; the 501 Queen streetcar stops 0.2 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Boutique Condos?
Walk Score 100, Transit Score 100 and Bike Score 95. Most daily errands can be done on foot.
What restaurants and shops are near Boutique Condos?
Within about a 10-minute walk: The Burger's Priest (Burgers), Subway (Sandwiches), Mizunara Japanese Whisky Experience (Japanese), Gibbons Irish Pub (Pub), Jabistro (Restaurant). The closest grocery store is No Frills, 0.3 km away.
Which parks are near Boutique Condos?
St. Patricks Square, Grasett Park, Grange Park are the closest green spaces.
What is my unit at Boutique Condos 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 Boutique Condos 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 Boutique Condos, 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.