The vibrant Wellesley Village is slated to get another highrise, bringing 400 more units to the area. BDPQuadrangle | realestate realestatenews residential housing Toronto
The vibrant Wellesley Village is slated for another highrise, which if approved, will bring over 400 new residential units to the rapidly densifying neighbourhood.
A proposal for an OPA, ZBA, and SPA has been submitted to the City to redevelop the site at 33-37 Maitland Street, located to the southwest of Toronto’s iconic Church and Wellesley intersection., the project will take the form of a 49-storey residential tower, with a gross floor area of 31,830 sq. m., and a height of 159.25 m . It will contain 439 apartment units , consisting of 42 studios, 265 one-beds, 87 two-beds, and 45 three-bed layouts. Approximately 1,348 sq.
The proposal includes a two-level underground parking garage, with 23 below-grade vehicle spaces, and four at surface level, 15 of which will be residential. An additional four short-term visitor spaces will be provided along the rear laneway.
“These transit services make the proposal highly accessible to nearby transit and reduce the need to drive,” states the proposal.Penelope Graham is the Managing Editor of STOREYS. She has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Globe and Mail.
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