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


Latest Videos



Join the conversation Load comments

Latest in Real Estate

This $5 million Toronto home has a huge kitchen right out of the 80s

This $1.2 million Toronto home will need a lot more than TLC

This meticulous $3 million Toronto home was featured on HGTV

Here are the cities near Toronto where it's smarter to buy than rent a home right now

This $5 million Mississauga home has a backyard oasis to rival any cottage

Richmond Hill community up in arms over neighbour's giant new home build

Someone in Toronto is renting out bunk beds for the price of a whole apartment

Patch of grass is for sale in Toronto for $1.1 million