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Plaza On Yonge Condos
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Condo Project Summary
This new condo project is a mixed-use tower just north of one of the city’s main transit hubs just minutes north of Finch Station
Plaza On Yonge Condos is a modern mixed-use condominium development by Plaza Corporation in North York . This 32-storey tower pre-construction project designed by Quadrangle Architects, sits at 5858 Yonge St. on the west side of Yonge Street in Newtonbrook neighbourhood.
Plaza’s development proposal calls for family-sized suites, 4,000 square-feet of retail space and a stunning rooftop amenity terrace.
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This condo building will include 518 residential units, with a mix of 147 one-bedroom, 184 one-bedroom-plus-den, 50 two-bedroom, 82 two-bedroom-plus-den and 55 three-bedroom layouts.
A typical size for a one-bedroom unit will be approximately 592 square-feet, while a typical two-bedroom will span about 807 and a typical three-bedroom at 1,238 square-feet.
11,150 square-feet of indoor amenities are proposed for the building’s ground and ninth floors, with an additional 11,150 square-feet of outdoor amenities, which will include terraces on the ground and eighth floors.
Four levels of underground parking will be part of the development, with space for 418 vehicles and 524 bicycles.
Location & Neighbourhood
This new development is located at North York and it takes advantage of a convenient and connected part of the GTA that’s undergoing some dynamic changes. Designated by the province as an “urban growth centre,” it’s primed to get a significant amount of residential, retail, office and cultural development in the coming years, making it a great place to invest in.
The project site is steps to Centrepoint Mall, which features over 600,000 square-feet of shops and services and is anchored by Hudson’s Bay and a grocery store.
This project location has an excellent transit score of 92.
It’s a five-minute walk to Finch Station, a major transit hub that connects to the TTC, York Regional
Transit and both the GO and VIVA systems, essentially providing transit access to most parts of the GTA. From Finch Station, it’s an efficient 30-minute commute into Toronto’s Financial District and just a single stop to the Yonge and Sheppard intersection, a major commercial and office hub.
This stretch of North York has also been named by Urban Toronto as a “Growth to Watch for 2017” area, thanks to the number of condominium and mixed-use proposals it’s seen in the past few years. These include a massive proposal targeting land just across the street, calling for four residential towers and a series of townhomes. Several more condominium towers and townhome projects are slated for the surrounding area, stretching from Finch down to Sheppard Avenue.
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Plaza On Yonge Condo Developer
Plaza is an established developer with award-winning projects throughout the GTA. With uniformly high-standards among each of their developments, they tend to include high-end finishes such as marble counters, brand-name appliances and durable engineered hardwood as standard finishes in their units, instead of upgrades. Easily one of the region’s most experienced development firms, their work can be found in some of the GTA’s most desirable neighbourhoods.
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