5840 Yonge Street Project Details
Plaza on Yonge, located at 5840-5870 Yonge Street, is a premier new high-rise condominium development by the award-winning Plaza (PlazaCorp). Strategically situated near the high-traffic intersection of Yonge Street & Finch Ave in North York, this 32-storey architectural landmark features approximately 408 luxury suites. Designed by BDP Quadrangle, the project offers a sophisticated lifestyle with pricing anticipated to start from the low $500s. With roughly 9,000 square feet of indoor and outdoor amenities and a prime location in one of Toronto’s most desirable neighborhoods, Plaza on Yonge is the perfect fusion of urban energy and refined residential comfort.
Pricing Anticipated To Start From The Low $500’s!
REGISTER TO GET PRICING FOR 5840 Yonge Street
Reasons to Buy*
STRATEGIC NORTH YORK LOCATION & GROWTH
Plaza on Yonge is situated in the Newtonbrook West community, a rapidly urbanizing center recognized for its investment stability. Toronto is facing a critical supply gap with a projected shortage of over 100,000 homes by 2031. High-density developments on the Yonge Street artery historically command the highest rental premiums. Located a short drive from the 375-acre Downsview Airport redevelopment site, one of the largest mixed-use development opportunities in the nation. To put its scale in perspective, it is over 3.5 times the size of London’s Canary Wharf. Purchasing here now offers an opportunity to enter the market before future pricing surges.
WORLD-CLASS “PERFECT-SCORE” CONNECTIVITY
Boasting a Transit Score of 100/100, residents enjoy seamless access to the entire GTA. Conveniently located just a 7-minute walk from Finch Station, connecting you to the Yonge-University line. In just a few stops, you can transfer to the Bloor-Danforth line or reach the downtown core. Perfectly situated 10 minutes from both Highway 401 and Highway 407, making commuting and traveling throughout the GTA a breeze.
PROXIMITY TO EDUCATION & LIFESTYLE HUBS
The development serves as an ideal home base for students and professionals. Only 15 minutes to York University, home to over 53,000 students (including 6,200 international students) and 7,000 faculty members, ensuring a permanent and diverse rental pool. A short 15-minute drive to Yorkdale Shopping Centre, Canada’s premier luxury destination with over 240 retailers, including Burberry, Cartier, Chanel, and Gucci.
UNMATCHED RECREATION AT DOWNSVIEW PARK
Just 15 minutes away is Toronto’s largest urban park, covering 572 acres of land. Enjoy soccer, baseball, rock-climbing, go-karting, the Merchants Market, and the Scotiabank Pond Arena. Features the Circuit Path Walking Trail (a 2.7km paved loop) and a 9-acre lake with stone seating areas, fountains, and lush gardens.
RESORT-STYLE AMENITIES & REFINEMENT
Plaza is renowned for including high-end finishes as a standard rather than an upgrade. Features an extensive outdoor pool and jacuzzi, a state-of-the-art fitness studio, and a steam room. Residents have access to a Wi-Fi lounge, a theatre room, a gaming lounge, and a party room with a dining space. As one of Toronto’s most experienced developers, Plaza is known for “Building Excellence from the Start,” having delivered iconic landmarks like 1 Yorkville and Ivory on Adelaide.
FAQ*
The Yonge and Finch corridor is one of the most recession-proof real estate nodes in Canada. Properties within walking distance of a major subway terminal historically outperform the broader market. When you combine this with the multi-billion-dollar Downsview Airport redevelopment nearby, which will bring thousands of new jobs and residents to the area, this project represents a “blue-chip” asset with significant long-term appreciation potential.
Early registrants gain access to exclusive Platinum VIP Incentives designed to maximize initial equity. These typically include Platinum VIP Pricing and First Access to Floor Plans, Capped Development Levies, and Free Assignment Rights. Select early-bird packages may also offer a Reduced/Extended Deposit Structure and a Free Lawyer Review of the Purchase Agreement. To secure the current promotional package, please contact the My Investment Brokers team.
The building offers a diverse mix of one-bedroom to three-bedroom suites (ranging from approximately 434 to over 1,300 sq. ft.). Many layouts include functional dens ideal for remote work. With construction well underway and occupancy starting in 2025/2026, this is an ideal choice for those looking for a “New/Near-Completion” asset that provides immediate or near-term rental income at competitive entry prices starting from the low $500s.
5840 Yonge Street Quick Facts*
Developer: Plaza
Address: 5840-5870 Yonge Street, Toronto
Nearest Intersection: Yonge St & Finch Ave
Pricing: Anticipated To Start From The $500’s
Occupancy: Anticipated For 2024
Storeys / Suites: 32 Storeys / 374 Suites
Suite Types: One Bedroom – Three Bedroom Suites
Suite Sizes: TBA
Maintenance Fees: TBA
Deposit Structure: TBA
Incentives: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
Suite Features: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more
Building Amenities: TBA
MIB Incentives*
Developer Approved Platinum VIP Brokers
Absolute First Access to Pricing and Floorplans
The Very Best Incentives & Promotions
Extended Deposit Structure
Capped Development Levies
Right of Assignment
Free Lawyer Review of your Purchase Agreement
Free Mortgage Arrangements
