5051 Yonge Street Condos

About 5051 Yonge Street Condos

5051 Yonge Street Condos is a new pre-construction mixed-use residential development planned for 5051 Yonge St in North York Centre, Toronto. Developed by First Capital, the project is planned to include 42 storeys and approximately 350 residences, with occupancy dates still to be confirmed. The development is distinguished by direct transit connectivity. Residents will be positioned near Mel Lastman Square and North York Centre and the Toronto Centre for the Arts.

5051 Yonge Street Condos is distinguished from typical pre-construction projects in the area by direct transit connectivity. The current construction stage is described as "registration," which affects the timing of deposits, interim occupancy and final closing. First Capital is known for Yonge and Roselawn, One Bloor West retail podium, and mixed-use master-planned developments at Wilson Yards and elsewhere, and 5051 Yonge Street Condos extends that focus. Buyers researching the project should review the developer's official brochure and floor plan set for the current confirmed specifications, as details are subject to change as construction progresses.

Living in North York

5051 Yonge Street Condos sits at 5051 Yonge St, within the Yonge-Sheppard, Yonge-Finch, North York Centre and Newtonbrook corridors. This part of North York Centre is the largest suburban office and residential centre in Toronto, focused along the northern segment of Line 1.

Rapid transit is provided by North York Centre Station on Line 1 (Yonge-University), central to the district, and Sheppard-Yonge Station on Line 1 and Line 4 (Sheppard), an interchange station south of Finch, and Finch Station on Line 1, the northern terminus of Line 1 with a major bus terminal. Surface transit includes the Line 4 Sheppard subway running east from Sheppard-Yonge, the future Finch West LRT (Line 6) intersecting the Yonge corridor at Finch, multiple Yonge, Sheppard and Steeles bus routes. The Yonge North Subway Extension will extend Line 1 north from Finch to Highway 7 in Richmond Hill, and the Line 6 Finch West LRT is under construction.

Nearby destinations include Mel Lastman Square and North York Centre, the civic heart of the district; the Toronto Centre for the Arts, along Yonge Street; Empress Walk and Yonge Street retail, along the subway spine; the North York General Hospital campus, along Leslie Street. North York Centre hosts significant office employment along Yonge Street and Sheppard Avenue, and downtown is reachable in about 30 minutes via Line 1. North York serves a mix of new-immigrant families, transit-oriented professionals and downsizers from surrounding North York and Willowdale houses.

Buyer and Investment Considerations

5051 Yonge Street Condos may appeal to end-users and investors focused on North York Centre. The location draws on the North York Centre office cluster, hospital employment along Leslie Street, and Line 1 access to the downtown Financial District. Rental demand is strong given Line 1 access, hospital and office employment, and a large international student population attending York University to the west.

A firm occupancy date has not been publicly released. Purchasers should ask the developer for the current construction schedule and expected interim occupancy window. Buyers should review proposed maintenance fees, deposit schedule, parking and locker pricing and any assignment restrictions before committing.

From an investment perspective, buyers should compare 5051 Yonge Street Condos' final pricing, price per square foot, suite efficiency and monthly carrying costs with existing resale condominiums in North York Centre and with competing pre-construction projects expected to reach completion in the same window. A large volume of high-rise supply is proposed along the Yonge, Sheppard and Finch corridors, with several master-planned communities advancing through planning. Future value and rental performance will depend on the final purchase price, carrying costs, unit layout and the amount of competing supply delivered before occupancy.

About First Capital

First Capital is a Toronto real estate developer founded in 1994 focused on mixed-use urban retail-anchored real estate development, primarily grocery-anchored properties in dense neighbourhoods. The company is known for Yonge and Roselawn, One Bloor West retail podium, and mixed-use master-planned developments at Wilson Yards and elsewhere. First Capital REIT owns a portfolio of urban retail properties, with residential intensification proposed on several sites. For buyers evaluating 5051 Yonge Street Condos, its residential projects typically integrate grocery, retail and public realm improvements on well-located sites.

5051 Yonge Street Condos Pricing and Floor Plans

Pricing and available floor plans for 5051 Yonge Street Condos are subject to change as suites are reserved or released. Contact CondoWizard for the current price list, floor plans, deposit structure and any purchaser incentives available at the time of your enquiry.