$1,299,000 - 21 Nelson Street Unit Lph22, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterday- MLS Number
- C12890508
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Rising above the city in Boutique Condos at 21 Nelson, this striking lower penthouse offers a rare sense of scale and light in the heart of downtown Toronto. Spanning approximately 1,405 sq ft with an additional 99 sq ft balcony, the residence unfolds across a thoughtfully designed 2+1 bedroom, 3-bathroom layout, where dramatic 19-foot ceilings and walls of glass create an atmosphere that feels closer to a boutique hotel suite than a typical condominium.The main living space is defined by its remarkable vertical volume and natural light. Floor-to-ceiling windows frame northeast city views while the open-concept layout seamlessly connects the living, dining, and kitchen areas-creating an ideal setting for both everyday living and effortless entertaining. The modern kitchen, anchored by a generous island with seating, blends clean lines with practical design, while the dining area sits against expansive windows that bring the skyline directly into the room.A dedicated office overlooking the balcony offers a bright and inspiring workspace-perfectly suited for modern work-from-home living without sacrificing privacy or style. The primary suite is calm and refined, complete with a ensuite and ample storage, while the second bedroom provides versatility for guests, family, or additional lifestyle needs.Step outside to the northeast-facing balcony, where morning light and layered city views create a peaceful extension of the home above the surrounding skyline.Complete with one parking space and access to Boutique Condos' rooftop terrace, pool, concierge, and fitness amenities, this residence delivers an elevated downtown lifestyle just steps from Queen West, TIFF Bell Lightbox, Osgoode Station, and the Financial District.A rare offering that combines volume, light, and sophisticated city living in one of Toronto's most connected neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
21 Nelson Street Unit Lph22, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Fair Market Value
At $928/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.