Boutique 2 Condo, Toronto Condo Reviews 

...The bedroom/living room/dining room does not include lights. The wall grows mould quickly, and horrible service from security and property managers! Avoid at all costs. It is nothing compared to its surrounding buildings and environment...

...I own two 800+ sqft units in Boutique 2. All my long term renters have commented very positively about living there. My rental rates are not the highest and I ensure the units are in tip-top condition before renting them out. This B2 building has 36+ floors, with each floor have approx only 10 units. For 3 elevators, this is extremely convenient. The building is surprisingly quite despite the younger renters living there. Noise is not an issue. The building enjoys the prestige of being beside the Shangri-La hotel and sharing its landscaping. Annual TIFF and occasional filming will allow you to spot some A-listers. Some rooftop amenities are shared with Boutique 1, but separate exercise, party rooms and 2 guest suites are for B2 residents only. Nightly rates at the guest suties are only $130 /nt. As an owner, there were concerns about the building management and security team, but that has been addressed. The only issue now is keeping the maintenance fees from rising even more. Despite having no full size pool or other extravagant amenities, our maintenance fees are in the top 10% in downtown Toronto. This is a problem for selling the units and I hope they can hold the line on the fees and possibly reduce them when the funds are replenished...

...I agree with the anonymous renter comment. I am very happy with my layout and the location of the building and the view in the south. When I was purchasing it for my family in 2010-2011 my unit was among the top layouts I found. I was also looking for a chance of investment last year and reviewed 5-6 other new condos in its walking distance. That time again I found my layout being exceptionally good.

This building is just a minute from several Theaters and entertaining district and right in the heart of financial district. 2-3 minutes from two subway stations. The property management service is considerably improved over the last few months with an online service for the owners. However, the building still struggles with assigning a bike room space. Currently, residents should keep their bikes in their lockers to be safe.

So far definitely I suggest this building for renters but I am not sure for the short-term investments. In the last 5 years, the price of my unit almost has not changed and I found it now to be between 10-15% lower than the comparable units in downtown. This is how I estimate this number. For example last month a very similar unit but in a 4 years newer building but not a luxury condo , close to Chinatown (less premium location), and close to street with a bad view (20 floor lower than mine) was sold for 730 k almost ~22% higher than a similar unit to mine 7 months ago. I consider 5-10% for the 4 years difference in age. So if the growth continues the same way it will not be the best investment but perfect to buy for living. In future, I hope the gap starts to tighten which ultimately should happen...

Boutique Condos is actually 2 buildings - 126 SImcoe St & 21 Nelson St. 126 Simcoe is the tower with some picturesque south views on higher floors. Located right next to Shangri-la and just off University Ave Boutique is very popular for buyers and renters who want to be close to the financial core, entertainment and subway.

Life at 126 Simcoe & 21 Nelson comes with a host of all-inclusive, highly coveted amenities. Experience a splash of the extraordinary in the Boutique gym, with a counter current exercise pool, cardio theatre, weight room and yoga studio. Rise up to the Boutique rooftop, your personal oasis for entertaining and relaxing. Outdoor patios beckon with such touches as a plunge pool, private cabanas, chaise lounges, BBQ's and fire pits seating.

The building is well managed and the demographic is mostly young professionals in the 25-45 age range.