475 
A proposal for a skyscraping residential tower in Markham, first proposed by the current owner at 30 storeys in 2022, then bumped to 45 storeys in 2023 after Major Transit Station Areas (MTSAs) were introduced, is morphing again after it was approved at 42 storeys in 2025. (The Province of Ontario is looking for denser development within MTSAs.) Currently home to a single-storey car wash facility, the site is next to low-rise commercial buildings to its north and west, and low-rise residential to the east.
Located across Bur Oak Avenue south of it is Mount Joy GO station, and it's that proximity to transit that is keeping redevelopment of the property at 77 Anderson Avenue a high priority for Treasure Hill Homes. The change this time is a response to the current housing market in the Greater Toronto Area: with the region in the midst of a condominium sales crisis following years of rapid price increases that have kept condo suite investors from realizing rents that are high enough to cover their carrying costs, demand for new housing remains pent up. To overcome the current barriers to homeownership, Treasure Hill Homes is now planning the building as purpose-built rental units.
The switch to rental tenure for the building comes with a redistribution of the building's Gross Floor Area into fewer but larger units. In the previous condo form, the building was subdivided into 490 suites over 42 storeys, 9 of which formed the podium at the base. In the rental revision, still designed by Graziani + Corazza Architects, the building remains 42 storeys, but the podium has been cut down to just 4 storeys and the number of units has dropped to 395. Served by four elevators, the there would be one cab per every 99 units, indicating reasonable response times when all elevators are operational, provided that high-enough speed motors are purchased.
A unit mix of 99 one-bedrooms (~25%), 222 two-bedrooms (~56%), and 74 three-bedrooms (~19%) is proposed. This mix is atypical, representing a much high than normal percentage of family-sized units than in most buildings on offer today, indicating an aim to a wider demographic that may find the suites suitable for multiple age ranges and stages of life. Amenity space is planned primarily on the fifth floor, where 667m² of indoor space and 520m² of outdoor space would take advantage of its position with direct access to podium rooftops. Another indoor/outdoor mix of amenity space is proposed on the second level with 57m² and 47m² respectively. On the ground level, 373m² of commercial/retail space is proposed.
With the building's proximity to Mount Joy GO station, a one-for-one units to parking space ratio is not being considered for the 395 suites. Parking on four underground levels is being proposed with 210 resident spaces, and 60 visitor and commercial spaces. 6 short term spaces are proposed by the front doors at ground level. Bicycle parking is proposed at 198 resident spaces and 40 visitor spaces.
There are several other developments proposed in the area. While Liberty Development's first two 22-storey Joy Station condo towers are complete nearby to the north, the company is proposing two 33-storey towers to follow in Phase 2. National Homes plans an 18-storey tower/townhouse mix at Station Town. Completed to the west in recent years are Empire and Pace's 18-storey The Mark Condos and Flato's 14-storey ArtHouse Condos. Most significantly, Infrastructure Ontario is planning a development of six residential towers between 28 and 38 storeys high on portions of the Mount Joy GO station parking lot, while moving parking underground and providing retail and green space at grade.
UrbanToronto will continue to follow progress on this development, but in the meantime, you can learn more about it from our Database file, linked below. If you'd like, you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page.
* * *
UrbanToronto's research and data service, UTPro, provides comprehensive data on construction projects in the Greater Golden Horseshoe—from proposal through to completion. Other services include Instant Reports, downloadable snapshots based on location, and a daily subscription newsletter, New Development Insider, that tracks projects from initial application.
| Related Companies: | Graziani + Corazza Architects |
