72 Steeles Avenues West & 7040 Yonge Street Condos

About 72 Steeles Avenues West & 7040 Yonge Street Condos Development

72 Steeles Avenue West & 7040 Yonge Street Condos is a new condo pre-construction phase by Humbold Properties, located at 72 Steeles Avenue West, Vaughan, ON. 72 Steeles Avenues West & 7040 Yonge Street Condos offer visibility and frontage on this major east-west arterial. This project’s estimated completion date is unknown.

Prime Yonge & Steeles Location

Yonge and Steeles is more than just an intersection—it’s a gateway connecting three distinct community boundaries. Steeles Avenue forms the official line between the City of Toronto to the south and York Region to the north, placing this development in Vaughan while remaining steps from North York Centre and minutes from Richmond Hill and Markham.

The immediate area around 72 Steeles Avenue West and 7040 Yonge Street offers a mix of established commercial plazas, mid-rise buildings, and low-rise residential neighbourhoods extending west toward Bathurst Street.

• Walking distance to major retail: Centrepoint Mall sits directly to the south, with Canadian Tire and the existing Galleria Supermarket adjacent to the development site
• Yonge Street corridor: A 2-3 minute walk puts you on Yonge, lined with restaurants, banks, and professional services
• Steeles Avenue access: The east-west arterial connects to Markham and Scarborough (east) and Vaughan and Brampton (west)
• Nearby intersections: Quick connections to Bathurst Street (5 minutes west) and Bayview Avenue (10 minutes east) via Steeles
• Neighbourhood character: The area blends suburban convenience with increasing urban density as intensification continues

Transit Connectivity at Yonge & Steeles

One of the strongest selling points for condos at this intersection is the robust transit network already in place—and the transformative improvements on the horizon.

Current bus routes provide reliable access to downtown Toronto and across York Region:

• TTC routes: The 60/960 Steeles West and 53/953 Steeles East buses run directly past the site, connecting to Finch Station and beyond
• Yonge Street buses: Multiple routes travel north-south along Yonge, linking to Finch Station (Line 1 Yonge-University) in approximately 10-15 minutes
• YRT/VIVA services: York Region Transit’s VIVA Blue line operates along Yonge Street north of Steeles, providing direct service to Richmond Hill Centre and Newmarket

The real game-changer is the future Steeles subway station, part of the Yonge North Subway Extension currently under development.

• Future subway station: The extension will bring higher-order rapid transit directly to the Yonge and Steeles area, with a projected travel time of approximately 35 minutes to downtown Toronto
• Long-term value: Properties located within walking distance of subway stations historically see significant appreciation, with comparable Toronto extensions showing 20-30% value increases
• Multi-modal hub: The combination of subway, bus rapid transit, and Langstaff GO station (5 km south) creates a comprehensive transit network for residents

Driving Access & Major Highways

While transit is a major draw, the site also offers excellent highway connectivity for residents who drive. The intersection of Yonge and Steeles provides quick access to the region’s major highway network.

• Highway 401: Accessible via Yonge Street or Bathurst Street, approximately 10-15 minutes south in normal traffic conditions
• Highway 404/DVP: Reachable via Steeles Avenue East or Finch Avenue, approximately 15-20 minutes depending on traffic
• Highway 407 ETR: The toll highway runs just north of the site and can be accessed via Yonge Street in about 10 minutes
• Downtown Toronto: Expect 25-35 minutes during off-peak hours, with express routes via the DVP or Yonge Street

Steeles Avenue itself functions as a major east-west arterial, allowing residents to reach Markham, Vaughan, and Scarborough without necessarily using highways. The area remains car-friendly with ample parking at nearby plazas, though the neighbourhood will become increasingly pedestrian-oriented as the development and surrounding projects are completed.

Neighbourhood Amenities & Lifestyle

Living at 72 Steeles Avenue West or 7040 Yonge Street means having a remarkably diverse array of amenities at your doorstep. The Yonge and Steeles area is known for its multicultural character, reflected in the dining, shopping, and services available within walking distance.

Dining options within a 5-10 minute walk:

• Korean BBQ restaurants and cafes are clustered along Yonge Street
• Persian and Middle Eastern eateries
• Chinese dim sum and noodle houses
• Japanese sushi and ramen spots
• Fast-casual chains and coffee shops

Grocery and daily essentials:

• Galleria Supermarket is directly adjacent to the site (currently operating)
• Korean and Asian supermarkets along Yonge
• Persian and Middle Eastern grocers on Steeles
• Big-box retailers and pharmacies at Centrepoint Mall

Lifestyle services:

• Medical clinics and dental offices within the immediate area
• Banks and financial services along Yonge Street
• Fitness studios and gyms
• Hair salons and personal care establishments

Shopping destinations:

• Centrepoint Mall (walking distance)
• World on Yonge retail complex (short drive north)
• Promenade Shopping Centre in Thornhill (10-minute drive)
• Bayview Village (15 minutes south)

Recreational amenities include local parks throughout the Thornhill neighbourhood, golf courses in York Region, and the ravine networks of North York accessible by short drives south.

About 72 Steeles Avenue West Condos

The 72 Steeles Avenue West address represents a significant portion of this transformative development, positioned on the north side of Steeles Avenue just west of the Yonge intersection. The site falls within the City of Vaughan’s planning jurisdiction and benefits from the Yonge Steeles Corridor Secondary Plan approved by the Ontario Land Tribunal in 2022.

• Development concept: Multiple residential towers rising above a shared podium with ground-floor retail space, structured parking, and landscaped public areas connecting to Steeles Avenue
• Architectural vision: Designed by Kirkor Architects and Planners, the buildings will feature contemporary glass facades with curving and angular forms, tree-lined promenades, and a pedestrian-oriented public realm
• Unit mix: Expected to offer a range from studios to 3-bedroom suites, catering to first-time buyers, young professionals, investors, and downsizers from nearby low-rise neighbourhoods
• First phase and second phase: The development will proceed in phases, with Buildings A and B currently under Site Plan Approval review and Building C pending

All project details remain subject to municipal final approvals and developer revisions. Prospective buyers should review official marketing materials and disclosure statements when available.

About 7040 Yonge Street Condos

The 7040 Yonge Street portion of the development benefits from direct frontage on one of the GTA’s most important transit and commercial corridors. This addresses residents immediately on Yonge Street, maximizing convenience for transit users and retail access.

• Prime Yonge St frontage: The address sits directly on the corridor, allowing extremely short walking access to bus stops on both sides of Yonge
• Mixed-use vision: Like 72 Steeles, this component will feature residential towers above retail and commercial podiums, contributing to an active urban streetscape
• Building C specifics: According to filed plans, this portion includes 685 residential units, 67,017 sq ft of office space, 7,831 sq ft of retail, and 333 parking spaces
• Long-term positioning: Yonge St intensification and the potential subway extension strongly favour properties with direct corridor frontage
• Complementary to 72 Steeles: While 72 Steeles Avenue West offers Steeles frontage and visibility, 7040 Yonge provides the prestige and transit proximity of a Yonge St address

The final tower design, amenity programming, and phasing depend on the developer’s concept and ongoing municipal approvals. Interested buyers should follow future releases and planning updates.

Suites, Amenities & Building Features (Both Sites)

Modern condo developments at Yonge and Steeles typically deliver thoughtfully designed suites with contemporary finishes. While specific details for 72 Steeles Avenue West and 7040 Yonge St will be confirmed in official materials, buyers can expect features consistent with premium GTA projects.

Expected suite features:

• Open-concept layouts maximizing natural light
• Floor-to-ceiling windows with 9-foot ceilings in principal rooms
• Engineered hardwood or laminate flooring
• Stone countertops and modern cabinetry
• Stainless steel appliance packages
• Stacked washer and dryer
• Smart home or keyless entry systems were offered

Anticipated amenity spaces:

The development’s scale—with plenty of residential units across multiple towers—allows for comprehensive amenity programming that smaller projects often cannot match.

Frequently Asked Questions

Where is 72 Steeles Avenue West & 7040 Yonge Street located?

At the northwest corner of Yonge Street and Steeles Avenue West on the Toronto–Vaughan border in Thornhill.

What type of development is planned for this site?

A large mixed-use community with residential towers, retail, office space, and public areas.

How many towers are proposed for the development?

Four residential towers ranging from approximately 38 to 60 storeys.

What transit options are available nearby?

TTC, YRT, and VIVA bus routes, with a future Steeles subway station planned.

What amenities are within walking distance?

Shopping malls, grocery stores, restaurants, medical clinics, banks, and fitness studios along Yonge Street.

Looking for new condominiums in Vaughan? Explore more here.