250 university toronto

Condo might be built on top of landmark building at Queen and University

Another condo could be coming to Toronto. While this definitely isn't groundbreaking, where the condo wants to go kind of is. The proposal is to build it on top of a heritage building at the corner of Queen and University. 

A rendering of the proposed condo. Courtesy 250 University Ave. development application

250 University Avenue, formerly a Bank of Canada Building, was built in 1958. It's now an eight storey office space with a Rexall attached. 

Alone, the proposed tower is a 44-storey residential building with 495 condo units. The structure as a whole would reach 54 storeys. At the end of April a request was sent for a Zoning By-law Amendment to make this build possible. 

The two-floor basement of the building is reported as needing to be redone for this proposal, to accommodate 562 expected bicycle parking spaces. The basement currently houses a vault that has been re-purposed into a common area.

Some are skeptical of the proposed development for the way it looks in renderings. 

Heritage specialists GBCA Architechts are slated to lead the design relating to the heritage building and and IBI group is designing the tower above. 

Lead photo by

Marcanadian


Join the conversation Load comments

Latest in Real Estate

Toronto rent prices now rising in most neighbourhoods but there are some exceptions

The average house in Toronto is going to cost $275K more in two years

This big lake house two hours north of Toronto is selling for less than $500K

This $8.9 million Toronto condo comes with views of the CN Tower and an infinity pool

Brad Lamb wants to replace Toronto's famous auto repair shop with a flatiron building

Historic Toronto hotel is at risk of being demolished

This $4.4 million mansion near Toronto comes with 180 feet of private lake access

This laneway house in Toronto is a literal work of art and is renting for $5,500