Item - 2025.TE27.16

The Toronto and East York Community Council recommends that:

1. City Council amend City of Toronto Zoning By-law 569-2013 for the lands municipally known as 543-555 Yonge Street substantially in accordance with the draft Zoning By-law Amendment included as Attachment 6 to the report (November 10, 2025) from the Director, Community Planning, Toronto and East York District.

2. City Council authorize the City Solicitor to make such stylistic and technical changes to the draft Zoning By-law Amendment as may be required.

3. City Council request the General Manager, Transportation Services to review and report back on the feasibility of amending City of Toronto Municipal Code Chapter 925, Permit Parking, to exclude the development located at 543-555 Yonge Street from Permit Parking.

The Toronto and East York Community Council held a statutory public meeting on November 27, 2025 and notice was given in accordance with the Planning Act.

This report recommends approval of the application to amend the Zoning By-law to permit a 222-metre (68-storey), excluding mechanical penthouse, mixed-use building at 543-555 Yonge Street. The proposed building cantilevers above the existing building at 555 Yonge Street, which will be maintained, and includes 679 residential units and 402 square metres of non-residential gross floor area.

A separate report from Heritage Planning, on the proposed conservation of the designated heritage properties at 543-555 Yonge Street will be considered by City Council in conjunction with this report.