48 Yonge Street

Commercial

48 Yonge Street

Project Type

Commercial

Location

Toronto, ON

Status

Overview

Unique Challenges

Key Features / Outcomes

Overview

48 Yonge Street is a 12-story commercial office building located in Toronto’s financial core. This space offers businesses a strategic location with direct access to public transit and the city's PATH network (pedestrian walkway), providing convenience and connectivity for tenants.

Challenges and Solutions

Originally built in 1960, the building has undergone significant renovations, including lobby and elevator updates, to modernize its facilities and maintain its appeal in the competitive downtown market.

Key Features

Central Location: Situated in the financial district, close to Union Station, and part of Toronto’s PATH network.
Modern Facilities: Recent renovations include updated lobbies and elevators with LCD touch screens, ensuring a contemporary environment.

Key Benefits

48 Yonge Street contributes to Toronto’s vibrant business community by offering well-located and equipped office spaces that meet the needs of contemporary businesses, making it an attractive option for companies seeking a central location.

Former Tenant During Our Management

Sun Alliance Insurance

Our Impact

Horizon Legacy is revolutionizing the construction industry with the first and largest neighborhood in Canada built using onsite robotics.

Cost Efficiency

Our approach delivers an average cost of under $300K per unit (costs exclude land, servicing, softcosts) showcasing that robots can be integrated affordably while meeting and exceeding the Ontario Building Code.

With 26 rental units, including 30% affordable, we surpass industry standards.

Our project achieves a 20% reduction in energy intensity and greenhouse gas emissions, and our all-electric buildings ensure zero greenhouse gas energy consumption.

By creating wall assemblies with R-30 thermal performance and consolidating three trades into one, we effectively address the labor shortage, demonstrating the transformative potential of robotics in construction.

Horizon has generated over 14 million kilowatthour (KWH) of clean energy

We have created over 7 million square feet of Toronto’s major developments

“Horizon has built and financed major buildings for ourselves as the long-term owners, wherein, we have then had to live with the operational ramifications of design, construction and financial decisions made at the development stage for the over 20 years life of a building. This is a perspective very distinct from that of the traditional contractor or lender.”