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Forgotten Toronto parking lot asking $11 million because it's primed for condos

Misha Gajewski

created: Dec. 7, 2025, 5 a.m. | updated: Dec. 8, 2025, 9:55 a.m.

sits a lonely, cracked, sun-scorched Toronto parking lot that has been empty for longer than most people have been waiting for the Eglinton Crosstown. But this isn't just any empty parking lot, it's one of Toronto's longest-running neighbourhood drama cycles. Trevor Jones of the Yonge Ridge Homeowners' Association summed it up bluntly: "If they do get permission to go above the ridge, all other commercial developers in that area will see that as the reins coming off." The city accepted the revised plan in 2022, and for a brief moment it looked like 4155 Yonge St. might actually become more than a raccoon hangout. Developers can build the approved condo or pivot to a rental-housing concept, whichever flavour of "Toronto needs more housing" they prefer.

1 day, 5 hours ago: blogTO