We're in the midst of a push to build more family-sized units in Toronto, and a proposed change to The Gupta Group’s Young City Square project is sympathetic to that.
The 32- and 14-storey development at 4050 Yonge Street in North York was first proposed in February 2020, launched presales in March 2023, and has been under construction since December 2024.
At the end of February 2026, The Gupta Group filed a Site Plan Amendment application to “consolidate many of the previously proposed bachelor and one-bedroom units to create more functional two- and three-bedroom layouts.” This change would bring the unit-count down from just over 700 to 500, with an almost 63% share being larger, family-sized suites.
More specifically, the amendment calls for 63 three-bedrooms, 250 two-bedrooms, 169 one-bedrooms, and just 18 bachelor units. Planning materials that were approved by the North York Committee of Adjustment in November 2023 showed only a 35% share of two- and three-bedrooms — 178 and 74, respectively — in addition to 349 one-beds and 115 studios.
Yonge City Square Site Statistics, As Of February 2026:
- Building heights: 32 storeys/399 ft, 14 storeys/197 ft
- Total gross floor area (GFA): 600,949 sq. ft
- Residential GFA: 538,561 sq. ft
- Retail GFA: 32,636 sq. ft
- Restaurant GFA: 5,490 sq. ft
- Office GFA: 21,420 sq. ft
- TTC GFA (direct access to York Mills station): 2,842 sq. ft
- Residential units (all condo): 500
- Unit breakdown: 18 bachelors, 169 one-beds, 250 two-beds, and 63 three-beds
- Indoor amenity: 10,764 sq. ft
- Outdoor amenity: 10,764 sq. ft
- Vehicle parking: 458
- Bicycle parking: 532
“To accommodate these larger unit configurations, localized increases in height have been introduced, driven by architectural design considerations, structural and mechanical coordination requirements, and mandatory code compliance measures necessary to support the revised layouts,” Gupta Group explained in a letter that went to the City last month.
In addition to increasing the 32-storey building height by 15 feet, and the 14-storey building height by nine feet, the amendment bumps up the number of proposed parking spaces from 387 to 458.
Context plan scale/Arcadis
Rendering of 4050 Yonge Street/Arcadis
The need for larger family-sized units in Toronto has been magnified by investor behaviour during the condo boom, which intensified most recently around 2015 to 2022 and resulted in a glut of studio and one-bedroom units added to the market (think: ‘shoebox’ condos). Initiatives like EHON and Toronto Builds have emphasized the importance of injecting more two- and three-beds into the city’s housing stock, as these are the kind of units that will attract families and encourage young people to stay in the city as they grow their households.
Meanwhile, North York is widely regarded as a promising pocket of the city for families, offering more of a suburban feel than the downtown core, without being too removed from it, and access to top-rated schools and plenty of green space.
Notably, Young City Square is coming up on the edge of Hoggs Hollow — one of Toronto's most sought-after neighbourhoods, and home to both the Don Valley Golf Course and Rosedale Golf Club — and will be the first condominium project to come up in the neighbourhood in 20 years.
