49‑Storey Condo Tower Proposed Near Sheppard‑Yonge Station

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36-40 Avondale Avenue_DIALOG

A new 49-storey condo tower near Sheppard-Yonge Station is in the works for 36–40 Avondale Avenue, right in the heart of North York. This ambitious project proposes 504 residential units and a dynamic design by acclaimed architecture firm DIALOG. Located steps from one of Toronto’s busiest transit hubs, the development is a strong example of the city’s push for high-density, transit-integrated living.

36-40 Avondale Avenue_DIALOG
36-40 Avondale Avenue by DIALOG

Transit-Oriented Living in a PMTSA Zone

The site is located within a Protected Major Transit Station Area (PMTSA) and is a short walk to Sheppard-Yonge Station, a crucial junction that connects both Line 1 (Yonge-University) and Line 4 (Sheppard) subway lines. It also links to multiple TTC surface routes and will eventually benefit from the Yonge North Subway Extension. This proximity makes the tower highly attractive for commuters and those who prioritize accessibility in their daily lives.

Project Details: What’s Being Proposed?

The proposed tower will feature:

  • 504 condo units within a sleek, 49-storey structure
  • A connected podium of 5–7 storeys with indoor amenity space
  • A publicly accessible green area for community use

According to Storeys, the proposal is part of an ongoing effort to revitalize underused land parcels around the Sheppard corridor while improving density and livability.

Sheppard-Yonge Becoming a Vertical Village

The area surrounding Sheppard-Yonge Station is rapidly transforming into a vertical village. New towers like the upcoming 4800 Yonge Street condo by Menkes further reflect the strategic intensification of this urban core. Thanks to its direct access to transit and growing infrastructure, the neighbourhood is evolving into one of North York’s most desirable hubs for new condo buyers and investors alike.

36-40 Avondale Avenue_DIALOG
36-40 Avondale Avenue – DIALOG

Sustainability and Urban Growth

Projects like this support Toronto’s broader goals of smart urban intensification and reduced car dependency. The City of Toronto has made it clear through its Official Plan that high-rise developments near major transit stations will play a pivotal role in meeting long-term population and housing needs.

Additionally, this new condo aligns with trends seen in the redevelopment of the Yonge Sheppard Centre, which has seen significant commercial and residential upgrades over the past decade.

What Comes Next?

The application is currently under review by City Planning, and public consultations are expected to follow. If approved, the project could break ground within the next two years. Local stakeholders will be watching closely for updates on shadow impact, pedestrian access, and integration with nearby green spaces and retail.

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