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 is the only North American city deemed on the verge of a housing bubble

Real estate agents seeing trend of Toronto homeowners moving to Guelph

More new homes sold in Toronto last month than in any August in 20 years

Here's what the building proposed to replace Sneaky Dee's will look like

Airbnbs in Toronto were still operating during ban because of course they were

Toronto rent prices expected to continue falling for a while

This is the cheapest house you can buy in Toronto right now

Developers in Toronto could have to reserve portion of units for affordable housing