A proposal for a mid-rise condo in Yorkville, midtown Toronto, has been revised and resubmitted for rezoning. Taheri Development is looking to develop an 11-storey mixed-use residential mid-rise condo building at 126 Avenue Rd., which will include 60 residential units (11 of which are replacement rental units).
The property is located at Avenue and Davenport, near the northwest corner of Avenue Rd and Bernard Ave, in the city’s historic Annex neighbourhood. The site is located within the East Annex Heritage Conservation District, although the city hasn’t designated the property as having heritage significance, the developers have noted that the heritage elements at the site will be retained and incorporated into the overall design.
Currently, the site features a row of 2- and 3-storey buildings consisting of retail and commercial space, as well as residential units on the second and third floors.
According to a March 21 letter submitted to the City by Taheri’s planning consultants, the revised building height will reach 34.17 metres, exclusive of the mechanical penthouse. It will feature a total gross floor area (GFA) of 4,133.2 square metres (219.30 square metres will be set aside for retail use and 3,913.90 square metres for residential use), with a floor space index that is 5.47 times the area of the lot. The GFA increased from the initially proposed 3,913 square metres submitted in the developer’s Feb, 2023 proposal.
Of the 60 residential units—21 will be studios, 17 will be one-bedrooms, 17 will be two-bedrooms, and 5 will be three-bedrooms.
Developers are planning for 120 square metres of indoor amenity space (on the 3rd floor along the southern face of the building) and 83 square metres of outdoor amenity space, which will be linked together.
There will be 18 residential parking spots (increased from the 13 proposed last year) contained within two underground parking levels, as well as 60 bike spaces (six residential (short-term) bicycle spaces and 54 residential (long-term) bicycle spots) located on the ground and first underground levels).
