Alex Karczewski, Broker · New World 2000 Realty Inc.

Completed 2022Condo

Pinnacle One Yonge - Prestige

28 Freeland Street, Toronto

Not rent controlled

Your rent at Pinnacle One Yonge - Prestige is not capped. The building's first tenants moved in Oct 2022, after November 15, 2018, so Ontario's annual rent increase guideline does not apply. Your landlord can raise the rent by any amount once every 12 months, with 90 days' written notice.

First occupancyOct 2022
Storeys65
Units496
Suite sizes508–1,873 sq ft
DeveloperPinnacle International

The building

The building

Pinnacle One Yonge - Prestige brings a 65-storey condominium tower to 28 Freeland Street in the heart of downtown Toronto.

With 496 suites spanning roughly 508 to 1,873 square feet, the tower offers a broad range of layouts within one of the city's most central addresses.

Amenities

Amenities

Set in downtown Toronto near the Yonge Street corridor and the waterfront, this address places residents within easy reach of the city's core. The surrounding area blends the financial district, shopping, dining, and cultural destinations that define central Toronto, with everyday services and green space along the lake close at hand.

Rent control

Your rent here is not capped

Your rent at Pinnacle One Yonge - Prestige is not capped. The building's first tenants moved in Oct 2022, after November 15, 2018, so Ontario's annual rent increase guideline does not apply. Your landlord can raise the rent by any amount once every 12 months, with 90 days' written notice.

The rule: Ontario's annual rent increase guideline (2.5% for 2026) does not apply to a unit first lived in after November 15, 2018 (Residential Tenancies Act, s. 6.1). In every building, your landlord must give you 90 days' written notice on the official form and can raise the rent at most once every 12 months. The date that counts is your unit's, so ask the landlord to confirm it before you sign.

Short answer

Getting around

Getting around

Downtown Toronto is among the most transit-connected areas in the country, with TTC subway, streetcar, and bus service throughout the core and Union Station nearby for GO Transit regional rail. Drivers have quick access to the Gardiner Expressway and the Don Valley Parkway, linking the address to the wider region.

Who built it

Pinnacle International

Pinnacle International is a builder with a significant presence in Toronto and Vancouver, known for large-scale condominium communities in central urban settings. The One Yonge development is among its most prominent Toronto projects, reflecting the firm's focus on high-rise living in prime downtown locations.

Questions

Questions

Can my rent at Pinnacle One Yonge - Prestige go up by any amount?
Your rent at Pinnacle One Yonge - Prestige is not capped. The building's first tenants moved in Oct 2022, after November 15, 2018, so Ontario's annual rent increase guideline does not apply. Your landlord can raise the rent by any amount once every 12 months, with 90 days' written notice.
When did the first tenants move into Pinnacle One Yonge - Prestige?
The builder's first move-in date for Pinnacle One Yonge - Prestige is Oct 2022. If your unit was first lived in after November 15, 2018, Ontario's rent cap does not apply to it.
Who built Pinnacle One Yonge - Prestige?
Pinnacle International built Pinnacle One Yonge - Prestige at 28 Freeland Street, Toronto.
Can I find a unit at Pinnacle One Yonge - Prestige on this site?
Nothing is listed at Pinnacle One Yonge - Prestige right now. Ask about availability and Alex Karczewski, Broker at New World 2000 Realty Inc., will check what is coming up and get back to you.
What size are the suites?
Suites range from about 508 to 1,873 square feet, offering a wide mix of layouts. The building holds 496 units across 65 storeys.
Where is the building located?
It is located at 28 Freeland Street in downtown Toronto, Ontario, within the central Yonge Street and waterfront area.
Is the building complete?
Yes, construction is complete, with estimated occupancy dated October 2022.