A new midrise development proposal could bring 156 new rental apartments to Toronto’s Mount Pleasant East neighbourhood, along with a sizable amount of retail space.
Last month, a rezoning application was submitted to city planners to construct a nine-storey, mixed-use building at 1466 and 1500 Bayview Avenue. The developer, Medallion Corporation, is behind a number of other rental projects in the Greater Toronto Area, including Vision and 561 Sherbourne.
“Today, this part of Bayview Avenue is undergoing a transition from low-rise residential and commercial buildings towards an area that contains a broader mix of residential and employment uses as well as vibrant public spaces,” explains the planning rationale, written by Bousfields Inc.
Housing Market News Alerts
Sign up for news alerts on the Toronto housing market
The proposed development site sits on the west side of Bayview Avenue, just north of Davisville Avenue and across from Millwood Road. A garden centre with a greenhouse, surface parking lot and single-storey Valu-mart grocery store currently occupy the 37,275-square-foot lot.
The application seeks to replace the one-storey building and parking lot with the nine-storey mid-rise, which would encompass a gross floor area of 160,834 square feet. Approximately 17,862 square feet of ground-floor retail space would be built fronting onto Bayview Avenue. Judging by the artist’s conceptual rendering, which shows a ‘Valu-mart’ logo, the ground-floor could be used as a grocery store.
The ground floor is also shared by the residential lobby, located in the southern portion of the building, 25 short-term bicycle parking spaces and garage rooms, according to the architectural drawings.
Residential and indoor amenity space would be included on the second floor. A total of 6,722 square feet would be reserved for amenity space, also incorporated on the eight and ninth floors both indoors and outdoors. Setbacks would be integrated starting from the third floor, which would make room for private terraces.
The 156 rental suites would be made up of 89 one-bedroom, 52 two-bedroom and 15 three-bedroom units. Suites on the eight and ninth levels would be allocated as two-level units, says the planning rationale.
A two-level underground parking garage would provide 170 parking spaces, accessible by a new laneway located at the rear of the building. The majority of the parking spaces would be reserved for residents, and the remainder for retail and visitor use. On the P1 and P2 levels, 145 long-term bicycle parking spaces would be provided.
In the neighbourhood, rentals are available at eCentral Apartments, while registration is underway for 730 Hillsdale Avenue East Apartments.