When did the first tenants move into Plaza on Yonge?

The builder's first move-in date for Plaza on Yonge is Nov 2025. If your unit was first lived in after November 15, 2018, Ontario's rent cap does not apply to it.

Who built Plaza on Yonge?

Plaza built Plaza on Yonge at 5858 Yonge Street, Toronto.

Can I find a unit at Plaza on Yonge on this site?

Nothing is listed at Plaza on Yonge 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.

Where is Plaza on Yonge located?

The building is at 5858 Yonge Street in North York, Ontario, along the Yonge Street corridor. It sits within about a five-minute walk of Finch subway station.

Plaza on Yonge is developed by Plaza, a Toronto-based condominium developer with a long history of high-rise projects across the city.

How large are the suites?

Suites range from approximately 573 to 1,334 square feet across the 407-unit, 32-storey tower. Specific floor plans and bedroom counts are confirmed by the builder.

Newly completed Nov 2025Condo

Plaza on Yonge

5858 Yonge Street, Toronto

Not rent controlled

Your rent at Plaza on Yonge is not capped. The building's first tenants moved in Nov 2025, 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 occupancyNov 2025

Storeys32

Units407

Suite sizes573–1,334 sq ft

DeveloperPlaza

Ask about availability

The building

Plaza on Yonge is a 32-storey condominium tower of 407 suites by Plazacorp, rising at the busy Yonge and Finch intersection in North York.

Amenities

The tower puts residents steps from the shops, restaurants and services that line Yonge Street through Willowdale, a dense and genuinely urban stretch of North York. Families have schooling options in the surrounding Drewry-area neighbourhoods, while parks and community facilities sit within the broader Yonge corridor. The setting is high-rise and amenity-rich, the kind of place where daily needs are met largely on foot.

Rent control

Your rent here is not capped

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

Transit is the headline here: Finch Station, the northern terminus of the TTC's Line 1 subway, is about a five-minute walk and connects directly to Union Station downtown. The same hub serves the Finch Bus Terminal and GO and regional bus connections, broadening reach across the GTA. For drivers, Yonge Street and nearby Highway 401 link the area to the wider highway network, though the location is built around not needing a car.

Who built it

Plaza

Plazacorp, operating as Plaza, is a Toronto-based developer with decades of experience delivering condominium communities across the city and the GTA. Its focus on transit-oriented urban infill is well matched to a high-rise project at a major subway intersection.

Questions

Can my rent at Plaza on Yonge go up by any amount?: Your rent at Plaza on Yonge is not capped. The building's first tenants moved in Nov 2025, 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 Plaza on Yonge?: The builder's first move-in date for Plaza on Yonge is Nov 2025. If your unit was first lived in after November 15, 2018, Ontario's rent cap does not apply to it.
Who built Plaza on Yonge?: Plaza built Plaza on Yonge at 5858 Yonge Street, Toronto.
Can I find a unit at Plaza on Yonge on this site?: Nothing is listed at Plaza on Yonge 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.
Where is Plaza on Yonge located?: The building is at 5858 Yonge Street in North York, Ontario, along the Yonge Street corridor. It sits within about a five-minute walk of Finch subway station.
Who is the builder?: Plaza on Yonge is developed by Plaza, a Toronto-based condominium developer with a long history of high-rise projects across the city.
How large are the suites?: Suites range from approximately 573 to 1,334 square feet across the 407-unit, 32-storey tower. Specific floor plans and bedroom counts are confirmed by the builder.