Toronto's Boutique Condo Update

John in Condos

Boutique Rumor has it that Boutique Condos will be adding an additional 16 floors on top of its Phase 2 condo at the corners of Nelson and Simcoe in Toronto's Entertainment District.  Good news for new condo buyers who weren't able to buy a unit in one of the first two phases.

Boutiquebuilding2_3 Boutique is really at the centre of it all.  It's practically across the street from the financial district, right on a TTC subway line, within walking distance to the Eaton Centre and stumbling distance home from nearby bars and nightclubs.  But most importantly, well at least to this writer - it's ideally situated for those who get excited about getting rush seats for any one of the COC's performances in the stunning Four Season's Centre for the Performing Arts.

The Project is being developed by Urban Capital Property Group (Camden Lofts, Charlotte Lofts), among others.  The building is designed by Zas Architects with Cecconi Simone handling the interior.

Unit prices have not been released yet but prices in the last phase were in the $400 per square foot range.  Given that the first 2 phases are sold out (excluding penthouses), and that they now have a new luxury condo, Shangri-La, going up next door, I suspect that prices will be going up for this next release of units.

Parking spots for the units are $29,000, and as of the last release, were only available for 1+ den and larger units.  Maintenance fees are approximately $.42 per sq. ft.  The condo will have a roof top patio with a plunge pool, private cabanas, outdoor fire pits, outdoor bar and gas barbecue.

Boutique has not announced when they plan on releasing this next phase of units, but I've heard that it should be some time in September or October.

John is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy.  Email John

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