Boutique Condos II — Rental Market Data

Boutique Condos II at 126 Simcoe Street carries exactly one active listing as of August 31, 2026, asking $2,100 per month with both the average and median rent at $2,100. The available suite spans 400 square feet at an asking rate of $5.25 per square foot. The entire active inventory is a single one-bedroom unit, meaning there is no multi-bedroom or executive-tier option currently on the market, and the compact 400-square-foot footprint positions this as an entry-level offering rather than a larger family layout.

The sole active layout at Boutique Condos II is a one-bedroom unit, representing 100 percent of the building's available inventory with a single listing. That one-bedroom asks $2,100 per month on 400 square feet, pricing out to $5.25 per square foot. No two-bedroom, three-bedroom, or studio units are currently listed, so renters looking for alternative bedroom configurations must turn to the broader Entertainment District submarket.

With only one active listing at Boutique Condos II, the minimum and maximum asking rents are both $2,100 per month, producing a dollar spread of zero and a percentage spread of zero. The median asking rent is likewise $2,100. The entry-level and peak suite are the same unit: a one-bedroom on 400 square feet at $5.25 per square foot, so there is no internal price gradient to compare within the building's current inventory.

Active den premiums at Boutique Condos II cannot be quantified because the single available listing does not include a den configuration, leaving the dollar delta and marginal cost per square foot unmeasurable. Active parking premiums also cannot be reliably isolated from the current data due to an insufficient paired sample of listed units with and without parking. Historical lease data does confirm a verified parking add-on of $202 per month, but that figure reflects closed transactions rather than the current active listing.

Boutique Condos II's active asking rent of $2,100 per month sits well below the Entertainment District submarket average asking rent of $3,542, and its $5.25 per square foot rate is 5.1 percent below the submarket asking benchmark of $5.53 per square foot. The nominal rent gap is largely explained by suite size: the active listing at 400 square feet is far more compact than the submarket's typical asking inventory, so the lower monthly figure does not signal a discount on space efficiency. The building holds one out of 153 active listings in the submarket, representing roughly 0.7 percent of total available inventory.

Boutique Condos II's average realized lease rent of $2,695 per month runs $910 below the four-comp benchmark of $3,605, a gap driven primarily by the outlier pricing at Living Shangri-La Toronto. University (140 Simcoe St, 0.07 km, 6 closed leases) averaged $2,799 per month at $4.20 per square foot across 683 square feet, placing the subject $104 lower on a monthly basis. Living Shangri-La Toronto (180 University Ave, 0.08 km, 18 closed leases) averaged $6,236 per month at $7.17 per square foot across 990 square feet, making the subject $3,541 lower per lease. Studio (199 Richmond St W, 0.09 km, 20 closed leases) averaged $2,833 per month at $4.40 per square foot across 656 square feet, with the subject trading $138 below. Boutique Condos I (21 Nelson St, 0.09 km, 19 closed leases) averaged $2,550 per month at $4.19 per square foot across 626 square feet, meaning the subject commands $145 more per month than that direct sibling property.

Boutique Condos II leases at $4.18 per square foot across an average 652-square-foot suite, trading at a discount below every active competitor on a per-square-foot basis while offering less interior space than three of the four peers. Against University (0.07 km), the subject trades at a $0.02 per square foot (0.5%) discount and provides 31 fewer interior square feet, so the lower nominal rent of $104 is partly a function of the smaller footprint rather than a pure rate concession. Living Shangri-La Toronto (0.08 km) commands $7.17 per square foot over 990 square feet; the subject offers a $2.99 per square foot (41.7%) discount and 338 fewer interior square feet, meaning the $3,541 monthly gap is overwhelmingly a scale and product-tier difference. Studio (0.09 km) rents at $4.40 per square foot over 656 square feet; the subject trades at a $0.22 per square foot (5.0%) discount with just 4 fewer square feet, a near-identical footprint at a modestly lower rate. Boutique Condos I (0.09 km) sits at $4.19 per square foot over 626 square feet; the subject trades at a $0.01 per square foot (0.2%) discount yet provides 26 more interior square feet, delivering marginally more space for $145 more per month—a near-parity value exchange between the two sibling buildings.

Boutique Condos II fields a 14-item amenity suite that includes both an indoor pool and an outdoor pool, a business centre, and outdoor fire pits—a combination that distinguishes it from three of its four immediate competitors. University (140 Simcoe St) offers a putting green and jogging track but lacks any pool, business centre, or fire-pit facility. Living Shangri-La Toronto (180 University Ave) matches the indoor pool and adds a spa, EV charging, and a car wash bay, but omits the outdoor pool and outdoor fire pits found at the subject. Studio (199 Richmond St W) provides an outdoor pool and a dining room but has no indoor pool, no business centre, and no fire pits. Boutique Condos I (21 Nelson St) is the closest amenity match, sharing both pools and fire pits, yet adds private cabanas and an outdoor bar that the subject does not offer, while the subject includes a business centre and meeting room that Boutique Condos I also carries. The dual-pool, business-centre, and fire-pit package at Boutique Condos II best serves young professionals and small teams in the Entertainment District who want aquatic recreation, remote-work infrastructure, and casual outdoor gathering space without stepping into the ultra-premium price tier of Living Shangri-La Toronto.