Boutique is code for small and renovated just enough that it's not a dive anymore.
Pluses - fairly inexpensive, great location steps away from the Eaton Centre and very friendly/efficient front desk staff.
Downs - Single beds, street noise, hall noise. This side of Dundas is pretty dodgy. Don't be staying here with your aging granny.
If you can't get a better deal from Hotwire or Priceline, Bond is fine but keep your expectation low.