3,635-Unit Mixed-Use Project Proposed at Sheppard and Victoria Park

Jarel Investments Ltd has proposed a 3,635-unit mixed-use development at 2450 Sheppard Avenue East, at Victoria Park Avenue, with architecture by Turner Fleischer. The project would reach 49 storeys and 160.95 metres, with 241,359.6 m² of gross floor area on a roughly 3.2-hectare site.

Official Plan and Zoning By-law Amendment applications were submitted to the City of Toronto in July 2026. The plan calls for five buildings with seven towers ranging from 25 to 49 storeys, plus 6-, 10- and 14-storey elements. FSI is 7.50, with 237,944.8 m² of residential space and 3,385.3 m² of retail.

The 3,635 condominium units break down as 1,624 one-bedroom, 870 one-bedroom-plus-den, 763 two-bedroom and 378 three-bedroom suites. Parking includes 1,388 vehicular spaces, 2,750 bicycle spaces and 11 loading spaces. Amenities: 9,992 m² indoor, 4,577 m² outdoor, ground-floor retail, a 0.26-hectare public park, and a new public street with sidewalks and cycling facilities linking Sheppard and Victoria Park.

The project would replace the single-storey Victoria Square Shopping Plaza, home to a Food Basics and Toronto's only Chuck E. Cheese. Phased construction would start on existing surface parking while the plaza continues operating; demolition follows in Phase 4, allowing Building D and the public street to be completed, with Building B and the park in Phase 5 and Building E in Phase 6. The Petro-Canada station at the corner is not part of the proposal.