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49-51 Yonge Street Condos

Pre Construction at 49 Yonge Street, Toronto, ON

About 49-51 Yonge Street Condos

A new tower is set to rise at Yonge and Wellington that will grace the skyline of Toronto’s growing Financial District. SmartLiving, the residential sub brand of SmartCentres REIT, is proposing a redevelopment at 49-51 Yonge Street. Currently home to a restaurant and offices, the pair of heritage buildings will be preserved and transformed into the base of a new 60-storey mixed-use tower designed by architects–Alliance. The proposed building will contain over 1,700m2 of commercial office space located on Levels 2 through 5, a slight increase from the existing commercial space currently on the site. The residential portion of the tower above will contain 256 condominium units in a variety of sizes, ranging from one to three bedrooms. Amenity spaces are proposed for the 6th, 21st, and 22nd floors, including a pair of outdoor terraces on the 22nd level. Given the site’s transit connectivity — situated between King and Union TTC subway stations and close to GO transit lines — and its Yonge Street location, there are no vehicular parking spaces proposed in the development; however, 284 bicycle spaces will be provided on two below-grade levels, promoting a more sustainable mode of transit for residents. Heritage plays a prominent role in the proposal with an emphasis on the relationship between the new tower and its heritage base. Currently existing on the site are two heritage buildings: 49 Yonge, a 4-storey office building with a ground-floor restaurant constructed in 1875; and 51 Yonge, a 4-storey office building constructed in 1847. Focusing first and foremost on preservation, protection, and enhancement of the heritage, the team is committed to redefining a landmark property that is recognizable both on the ground and in the skyline. Both buildings’ exterior elements will be retained as part of the development, and both have informed the design of the new tower rising above. Working with heritage specialist GBCA Architects, the heritage exteriors will be carefully restored in situ, with the limestone cladding, decorative metal, and intricate woodwork cleaned, repaired, and replicated where necessary. The mansard roofs will be preserved, with the existing asphalt shingles replaced with more historically accurate slate shingles. Minor alterations are proposed to increase accessibility at the building entrances, and most notably on the east facade, where a one-metre widening of the laneway is proposed to facilitate safe access for loading and garbage. On the interiors, though, it is still early in the design process, SmartLiving has indicated their intent to restore and preserve the remaining heritage features, including the pressed tin ceilings, columns, and plaster and stone moldings. architectsAlliance have taken the approach that while the design of the new tower should be contemporary and stand out, it should also be informed and influenced by the heritage structures at its base. The one proposed alteration to the heritage exterior, on the ground level along the east laneway, will be to reimagine the entrance, finished in a different material that will contrast yet complement the limestone facades. “It’s a challenge to resolve some of the complexities of a site like this one, balancing the character and beauty of the [heritage buildings] with the client’s need to achieve the occupancy of the site,” states Blair Robinson, Project Architect at architects—Alliance. “As architects, we always feel like we’re in a conversation with our predecessors.” The massing and form of the proposed tower is intended to spotlight the heritage buildings. The fifth and sixth floors, just above the heritage structures’ roofs, are set back from the property line and are clad with transparent glass to allow the existing heritage exteriors to maintain their presence and character at street level. Eleven metres above that, the tower projects back out above the heritage buildings and is finished with glass and bronze-coloured panels, with the massing punctuated by setbacks at the 22nd floor where the outdoor terraces are located. 49-51 Yonge is located directly next to another 60-storey tower proposal at 55 Yonge. SmartLiving has initiated discussions with the development team next door to coordinate the design of the two towers for an integrated redeveloped block that enhances the neighbourhood, preserves the heritage components at street level, and adds striking new architecture to Toronto’s maturing skyline. Source: Smart Centres

256 Units 60 Stories

PROPERTY SIZE

PRICE

SmartLiving

developer

Preconstruction

Property Status

Pending

selling Status

49-51 Yonge Street Condos Stats

Selling Status: Pending
Ownership: Condominium
Developer: SmartLiving
Type: Condo
Units: 256 Units 60 Stories
Status: Preconstruction
Estimated Completion: To Be Determined
Construction Start Date: To Be Determined
Sales Start: To Be Determined

49-51 Yonge Street Condos Address

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Based on 45 reviews
Borys Bykov
Borys Bykov
2022-11-10
Always pleasure to work with Robert. Exceptional service. Highly recommend.
Douglas Carter
Douglas Carter
2022-10-10
Fine Homes is the best place to go if you need real estate experts! We spent a lot of time working with Robert to find a buy amid the most chaotic periods. Not only did we find the ideal home, but we also avoided bidding battles. Try to surpass that while staying under budget and offering turnkey solutions. Many thanks, Robert!
Matt Santiago
Matt Santiago
2022-09-28
I highly recommend Robert Grin. He did an amazing job with finding us a cash flow investment property. Thanks to his find, I now have a passive income. He also helped me lease the property and find good tenants who actually take care of my property. A+ to Robert and his team!
Elly Elly
Elly Elly
2022-09-26
Robert is an expert who you want on your side. His professionalism, initiative and great communication skills made the process of buying new house hassle free and easy. Robert has a natural gift of negotiation and always acts in the best interest of his clients. I would highly recommend Robert to anyone searching for a new property!
Leo
Leo
2022-09-26
Robert Grin was our agent, he helped my mother to sell her condo before moving to a retirement home. Was she ever grateful to him! He has a great demeanour working with seniors and she loved how sensitive yet sharp he was. He was there for us during our hardest transition helping with staging, listing, moving and all the complexities of closing. We are extremely grateful and recommend him wholeheartedly.
Danny Foster
Danny Foster
2022-09-24
Working with Robert was the best real estate decision I have made as an investor and a home owner. His negotiation skills are unmatched! I sold at a record high price for the neighbourhood and invested in properties under marker value. Your investments and assents are well taken cared of at Fine Homes Real Estate!
viktor tur
viktor tur
2022-09-22
Robert was exactly what I was looking for in a realtor. Extraordinarily patient, polite, and articulate, he communicated every step of the way and always ensured I understood what was going on. This was hugely helpful to me as I’d never sold a house before. Additionally, he leveraged current marketing tools such as targeted Facebook and Google ads to ensure my property found it’s audience. I know he had other clients, but it didn’t seem like it to me because he was in regular contact and always prompt to answer my questions. As a result, we sold my house very quickly, and well above market. Working with Robert was a pleasure. I would recommend him without hesitation to anyone in the Toronto area looking to buy or sell. I wish he was available to help me with real estate outside of Canada he’s set the bar (and my expectations) high for future agents.
Diana Volov
Diana Volov
2022-09-20
Robert has been awesome in finding home matching our requirements. He never pressure us to buy anything that we didn’t like or hesitate. His patience and explaining things are his greatest strength as a realtor. My family and I was really happy working with him to find a best home for us.
Denis DP
Denis DP
2022-09-16
My investment portfolio is handled with the outmost competence and dedication by Robert from Fine Homes Real Estate. Robert’s business and real estate market acumen is unparalleled, ensuring an exceptional return on investment each time.
Ela Mezhiborsky
Ela Mezhiborsky
2022-09-16
Couldn’t recommend this enough! I’ve been working with Robert over the past 4 years where he assisted both me and my clients with quite a number of real estate investment opportunities. His professionalism and resourcefulness have made it easy to focus on what’s important to us, making sure Robert understands our financial goals and needs. My personal focus was strategic investment properties across downtown Toronto, allowing business professionals to own property that’s high in ROI, utilize it for their Toronto visits, and rent it out while they’re away – Robert hit the jackpot with every new investment, knowing exactly where to focus, when to strike and how to negotiate to maximize return for me – couldn’t be happier and I look forward to many more years of working together!
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