$3,400/mo - 21 Nelson Street Unit UPH7, Downtown Toronto
Condo for Rent in Downtown Toronto
45 days on market- MLS Number
- C13064324
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- BSPOKE REALTY INC.
Experience elevated downtown living in this unique upper penthouse loft at Boutique Condos. This rare 2-storey 1+1 bedroom, 2 bathroom residence features soaring ceilings and floor-to-ceiling windows that flood the space with natural light, creating an airy, open feel throughout. The terrace spans the full width of the unit, making it an ideal setting for both relaxing and entertaining above the city. The main level offers an open-concept living and dining space, while the upper level provides a private retreat. The primary bedroom features a walk-in closet and a spacious ensuite bathroom with excellent storage. The den, located on the second floor, includes a window and sliding door and is generously sized to function as a second bedroom, guest space, home office or artist studio. Both bathrooms are well-proportioned, and the unit offers ample storage throughout. Ideally situated in a highly convenient downtown location, you are just steps to the Financial District, Entertainment District, hospitals, restaurants, shops, and transit, including St.Andrew and Osgoode subway stations, along with vibrant Queen Street West. Residents of Boutique Condos enjoy 24-hour concierge service and an impressive range of amenities, including a rooftop deck and garden, outdoor pool, fully equipped gym, party and meeting rooms, media and recreation spaces, guest suites, and visitor parking. A rare opportunity to lease a bright, functional penthouse loft with flexible living space in one of Toronto's most connected neighbourhoods.
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 UPH7, Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $3,400/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.