Located at 88 Scott Street at the corner of Wellington and Scott Streets, adjacent to Berczy Park in downtown Toronto

Ideal for financial district professionals, investors seeking strong rental yields, and downsizers wanting walkable city living

Transit access includes King Station on Line 1, Union Station via PATH, and quick Gardiner Expressway access within 500 meters

88 Scott Quick Facts

88 Scott delivers 58 storeys of residential living with 523 suites registered under TSCC-2665 in August 2018. Suite sizes range from approximately 330 sqft studios to 4,500+ sqft penthouses, with common layouts including 1-bed, 1+den, and 2-bed configurations.

Metric	Value
Floors	58
Units	523
Completion	2018
Avg Sale PSF	~$1,032
Avg Rent PSF	~$4.27
Days on Market	30-40 days

88 Scott Overview

The building merges a restored 1951 limestone façade with contemporary glass architecture, creating a classic-contemporary aesthetic designed by U31 Inc. 88 Scott features a vertical neighbourhood design, emphasizing community lifestyle in a walkable area.

Concert Properties developed this tower, continuing their reputation for quality projects across Toronto and Canada, including The Berczy nearby. Construction wrapped in the mid-2010s with occupancy beginning late 2017.

Units typically feature high ceilings, floor-to-ceiling windows, and modern design elements such as polished quartz countertops and engineered hardwood flooring. The building pursued LEED Gold certification, which indicates high environmental sustainability standards.

Amenities at 88 Scott

88 Scott features a variety of amenities including a concierge service, gym, indoor pool, party room, and rooftop deck. The rooftop deck and party room are designed to enhance the social experience for residents.

Core amenities include:

• 24-hour concierge and security with controlled fob access

• Sixth-floor Core Club fitness centre with cardio, yoga, and weight training

• Indoor seamless-edge pool with sauna and steam rooms

• Two-storey sky lounge on floors 46-47 with private bar and dining

• Rooftop terrace with BBQs, fireplaces, and skyline views

Practical features: visitor parking, two furnished guest suites, bike storage, dog spa, and multi-media lounge with coffee bar. The building provides ample communal spaces for residents to use for work, relaxation, and entertaining.

Building Details & Management

TSCC-2665 was officially registered on August 10, 2018. The tower is professionally managed with security verification performed through monitored common areas and fob access.

What buyers should know:

• The building has experienced reliability issues with its elevator system, commonly reported by residents

• The building has a history of flooding incidents, including a major sewage backup in 2021

• Short-term rental restrictions have tightened per City of Toronto bylaws

• Pet policies are generally permissive with size and breed caveats

Review the status certificate carefully. Check reserve fund health, maintenance fee trends, and current rules before purchasing. Work with a lawyer or agent experienced with downtown condos.

Condos for Sale at 88 Scott

At any time, expect 8–15 active listings at 88 Scott. Inventory fluctuates seasonally, with spring and fall typically seeing more activity.

Common sale listings:

• 1+den (600-700 sqft): High $600Ks to $800Ks

• 2-bed with 2 bath: $1.0M–$1.4M

• Corner suites and penthouses: $1.5M–$1.8M+

Most suites include 1 parking space and 1 locker. Smaller units may omit parking to hit lower price thresholds. South-facing lake views command premiums. A recent listing showed a 600-699 sqft one-bedroom displayed at $615,900.

Condos for Rent at 88 Scott

Rental inventory typically shows 2–6 active units, with strong demand from Bay Street professionals. The average rent price per square foot at 88 Scott is about $4.27.

Typical monthly rent ranges:

• Studios and small 1-beds: Mid-$2,000s

• 1+den units: High $2,000s to low $3,000s

• 2-bedrooms: Mid-$3,000s to $4,000+

Standard lease terms run 12 months unfurnished. Units move quickly—around 30-40 days on market. Landlords should verify tenant screening requirements and condo rules with management.

Values & Market Trends at 88 Scott

88 Scott ranks 62nd in price per square foot out of 446 condos in Downtown Toronto. This positions it among the upper tier in the St. Lawrence and financial district submarket.

Over the past 12-24 months, values showed modest softening followed by stabilization—consistent with broader Toronto condo trends. The building’s 2018 construction, modern finishes, and extensive amenities justify premiums over older towers.

Price Performance & Ranking

The building consistently ranks among higher-priced yet competitively valued condos in the Church Yonge Corridor and St. Lawrence pocket. Prices vary by floor level, exposure (lake vs. city), and suite type.

Focus on individual suite comparables from the last 6-12 months rather than building-wide averages alone.

Rental Yield & Investor Insights

Investor interest remains strong due to proximity to Bay Street offices and transit. Rental yields are competitive for the downtown core. Calculate gross and net yields factoring maintenance fees, property taxes, insurance, and vacancy.

Units with parking, dens usable as home offices, and south-facing views command higher rent and faster lease times.

Neighbourhood: Living at 88 Scott St, Toronto

The building’s location offers proximity to the Financial District, St. Lawrence Market, and Union Station. The area surrounding 88 Scott features restaurants, shopping, and theaters—a vibrant heart of the city.

Walking distance highlights:

• Berczy Park: Directly adjacent (dog owners love it)

• Lawrence Market: Short walk east

• King Station: Steps away on Line 1

• Union Station: Minutes via PATH

Public transit options near 88 Scott include a bus stop at Wellington St at Yonge St serving the Queen route, plus quick access to the Gardiner Expressway within 500 meters via Yonge Street ramps. Coffee at Bluestone Lane, dining at Jump Restaurant, and groceries at Green Box are all within steps.

The www of nearby attractions makes this neighbourhood ideal for professionals who want to live where they work and play.

FAQ

Is 88 Scott a good building for first-time condo buyers?

88 Scott suits first-time buyers prioritizing location and amenities, though prices per sqft are higher than outer neighbourhoods. Focus on efficient 1-bed or 1+den suites as entry points. Get mortgage pre-approval and review a status certificate. Strong walkability, transit, and rental demand support good resale prospects.

Are pets allowed at 88 Scott Toronto?

The building is generally pet-friendly with some rules around size and breeds. Verify current policies through management or a status certificate before purchasing. Berczy Park next door is popular with local dog owners waiting for their pups to play.

Does 88 Scott allow short-term rentals like Airbnb?

Most downtown condo boards have tightened rules on short-term rentals. Don’t assume nightly or weekly rentals are permitted. Check current condo rules and city bylaws. Investors planning furnished short-term stays should consult management before buying.

What are the typical maintenance fees at 88 Scott?

Fees are charged per sqft and align with comparable full-amenity downtown towers (typically $1.00-$1.20 per sqft). Coverage generally includes building insurance, common elements, concierge, amenities, and some utilities like water. Request current fee data and review historical trends.

How does 88 Scott compare to other nearby condos?

As a 2018 property developed by Concert Properties, 88 Scott offers more contemporary interiors than older buildings along Wellington and Front Streets. The sky lounge, modern finishes, and extensive amenities justify higher prices. Tour multiple buildings and compare layouts, fees, and views to protect your investment goals.