55-65 Ellerslie Avenue Condos

About 55-65 Ellerslie Avenue Condos Development

55-65 Ellerslie Avenue Condos is a new condo pre-construction phase, located at 55 Ellerslie Avenue, Toronto, ON. 55-65 Ellerslie Avenue Condos offer a rare opportunity to invest in a transit-oriented North York premises with established neighbourhood appeal and strong future growth potential. This project’s estimated completion is still unknown.

Project Overview & Location Details

The 55-65 Ellerslie Avenue address sits within one of North York’s most sought-after pockets, combining urban convenience with established neighbourhood charm. The site currently comprises two rental apartment buildings, one standing at 17 storeys and another at 6 storeys, totaling approximately 391 units ranging from studios to 3-bedroom apartments.

Planning documents from the City of Toronto have previously explored intensification proposals, including the addition of a 16-storey residential tower with roughly 190 units on the south portion of the property, near Basil Hall Court.

The preconstruction status is listed as “Pending,” indicating that while redevelopment is anticipated, official presales, detailed timelines, and final approvals have not yet been publicly confirmed. Environmental risk assessments submitted between 2021 and 2024, with a final Certificate of Property Use decision dated December 12, 2024, suggest that contamination review and mitigation planning have reached an advanced regulatory stage, removing a significant barrier to development.

Location Advantages

The Ellerslie Avenue location places residents within walking distance of Yonge Street’s retail corridor, offering immediate access to shopping, restaurants, and entertainment. North York Centre subway station is a short walk away, providing direct TTC subway and bus connections throughout Toronto and to nearby towns.

For those who prefer to explore on foot, the neighbourhood boasts a walk score of 96/100, meaning daily errands, groceries, and dining are all within a minute walk or less. Cultural amenities enhance the area’s appeal, including the historic Gibson House Museum directly adjacent to the complex.

The North York Central Library is also nearby, as is Mel Lastman Square and a variety of parks featuring beautiful landscaping and green space. Families will appreciate the friendly atmosphere and convenient entry to schools, community centers, and recreational facilities.

Floor Plans & Unit Types

At this stage, detailed floor plans and unit configurations for the proposed 55-65 Ellerslie Avenue Condos have not been publicly released. Based on the 2005 Town of Toronto staff report and current market trends in North York, the following expectations can be outlined:

• Unit Mix: The intensification proposal referenced approximately 190 new units, likely spanning studios, 1-bedroom, 1+den, 2-bedroom, and possibly 3-bedroom layouts.
• Square Footage Ranges: Comparable projects in the area, such as Ellie Condos at 15 Ellerslie Avenue, offer units from approximately 380 to 995 square feet.
• Pricing Estimates: While no official pricing is available, nearby preconstruction condos have listed 1+den units (around 638 sq. ft.) starting in the mid-$600,000s, with 2-bedroom suites potentially exceeding $900,000 depending on size and floor level.
• Features & Finishes: Market standards for new developments in Toronto include 9-foot ceilings, floor-to-ceiling windows, granite or stone countertops, stainless steel appliances, and modern cabinetry.
• Balcony & View Options: Expect a mix of balcony and terrace options, with premium pricing for higher floors and units facing Yonge St or offering city skyline views.
• Parking & Storage: The proposed underground garage includes 3 levels with 237 parking spaces for the new building, with entry via Basil Hall Court. Storage lockers and bike parking are anticipated based on city requirements.

Interested buyers should sign up for project updates to receive official floor plan releases and detailed price lists as they become available.

Building Amenities & Features

The existing 55 Ellerslie and 65 Ellerslie buildings already offer a range of complex features that set the property apart from typical rental apartments in Toronto. Current amenities include:

• Large outdoor pool for seasonal recreation
• Full-size tennis court for active residents
• Three water fountains and beautiful landscaping throughout the grounds
• Underground and garage parking with controlled entry
• Lockers and bike parking for tenants
• Laundry rooms on-site
• Intercom and security entry systems
• Balconies available in many units

The proposed redevelopment, as described in City planning documents, envisions replacing some of the existing amenity land (including the pool and tennis courts) with the new residential building. However, the base level of the new tower is expected to include shared amenities and multi-function space, potentially linked to the Gibson House Museum, a unique property feature that could distinguish the project from others in North York.

Expected Modern Amenities

Based on trends in comparable preconstruction condos in the area, future residents may anticipate:

• State-of-the-art fitness centre
• Rooftop terrace or outdoor amenity space with city views
• Party room and co-working lounge
• Concierge and 24-hour security services
• Smart home technology integration
• Pet-friendly policies and designated pet areas

Parking arrangements, monthly costs, and specific amenity details will be confirmed as the project advances through approvals and presales launch.

The 55-65 Ellerslie Avenue Condos offer a rare opportunity to invest in a transit-oriented North York premises with established neighbourhood appeal and strong future growth potential. Located a stone’s throw from Yonge St and the rail transit, the site benefits from exceptional walkability, entry to shopping and dining, and proximity to cultural landmarks like the Gibson House Museum.

While the project remains in the pending preconstruction phase, the recent environmental clearance and historical planning interest suggest that development may accelerate in the coming months.

Frequently Asked Questions

What is the current status of 55-65 Ellerslie Avenue Condos?

The project is in a pending preconstruction stage with no confirmed timeline yet.

What transit option is near 55-65 Ellerslie Avenue Condos?

North York Centre subway station is within walking distance.

What amenities are currently available at 55-65 Ellerslie Avenue?

The site includes a pool, tennis court, parking, landscaping, and security entry systems.

What nearby landmark is located beside 55-65 Ellerslie Avenue Condos?

The Gibson House Museum is directly adjacent to the property.

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