Item - 2026.TE34.36

The Toronto and East York Community Council recommends that:

1. City Council amend the Official Plan for the lands municipally known as 30-34 and 38-40 Huntley Street and112-124 Isabella Street substantially in accordance with the draft Official Plan Amendment included as Attachment 6 to the report (June 19, 2026) from the Acting Director, Community Planning, Toronto and East York District. 

2. City Council amend City of Toronto Zoning By-law 569-2013 for the lands municipally known as 30-34 and 38-40 Huntley Street, 112-124 Isabella Street and 1 Mount Pleasant Road substantially in accordance with the draft Zoning By-law Amendment included as Attachment 7 to the report (June 19, 2026) from the Acting Director, Community Planning, Toronto and East York District.

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

4. Before introducing the necessary Bills pertaining to the Official Plan and Zoning By-law Amendment application to City Council for enactment, City Council require approval of the Rental Housing Demolition Application 25 265192 STE 13 RH under Chapter 667 of the Toronto Municipal Code pursuant to Section 111 of the City of Toronto Act, 2006, to permit the demolition of 32 existing rental dwelling units at 30-34 and 38-40 Huntley Street and 112-124 Isabella Street.

5. City Council request that the owner make reasonable commercial efforts to identify, in consultation with the Executive Director, Development Review, a suitable off-site parkland dedication as a substitution for an on-site parkland dedication that:

a. is accessible to the area where the subject site is located; 

b. is a good physical substitute for any on-site parkland dedication;

c. is free and clear, above and below grade, of all easements, encumbrances and encroachments; 

d. is in an acceptable environmental condition; and 

e. the value of the off-site dedication shall not exceed the estimated value of the on-site dedication that would otherwise be required, which value may include the cost of acquiring the land, land transfer tax, typical closing cost and reasonable real estate commissions of up to five percent, all to the satisfaction of the Executive Director, Development Review.

6. Should the Executive Director, Development Review and the owner agree to a property as a substitution for an on-site dedication, City Council accept the off-site parkland dedication, in full or partial fulfilment of the parkland dedication requirements, pursuant to Section 42 of the Planning Act, with conveyance to the City to occur prior to the issuance of the first above grade building permit in accordance with the following:

a.in the event the value of the off-site parkland dedication is less than the value of an on-site parkland dedication, the owner shall provide a cash-in-lieu payment for the shortfall in parkland dedication in accordance with Chapter 415 Article III of the Municipal Code; and

b. in the event the owner is unable to provide a substituted off-site parkland dedication to the City, the owner will be required to satisfy the parkland dedication requirement through a cash-in-lieu of parkland payment prior to the issuance of first above grade building permit in accordance with Chapter 415 Article III of the Municipal Code, all to the satisfaction of the Executive Director, Development Review and the City Solicitor.

7. Should the off-site parkland dedication be accepted by the Executive Director, Development Review, City Council approve a development charge credit against the Parks and Recreation component of the Development Charges for the design and construction by the owner of the Above Base Park Improvements to the satisfaction of the General Manager, Parks and Recreation; the development charge credit shall be in an amount that is the lesser of the cost to the owner of designing and constructing the Above Base Park Improvements, as approved by the General Manager, Parks and Recreation, and the Parks and Recreation component of development charges payable for the development in accordance with the City's Development Charges By-law, as may be amended from time to time.

8. City Council amend Schedule D of City of Toronto Municipal Code Chapter 925, Permit Parking, such that, despite anything in the chapter to the contrary, the General Manager, Transportation Services will not accept applications for a permit from residents of, visitors to, or tradepersons at the developments listed below: 

The Toronto and East York Community Council held a statutory public meeting on July 8, 2026 and notice was given in accordance with the Planning Act.

This report recommends approval of an application to amend the Official Plan and Zoning By-law to permit a residential development consisting of two towers 60- and 56-storeys (206 metres and 196 metres, including mechanical penthouse) in height, containing approximately 1,419 dwelling units, including 32 rental replacement units. The development site includes the “air space” above the existing office building at 1 Mount Pleasant Road beginning at a height of 61.4 metres. The proposal includes the demolition of 34 Huntley Street, in-situ conservation of 122-124 Isabella Street, and relocation and conservation of 30-32 and 38-40 Huntley Street.

An Official Plan Amendment is required to redesignate 30-34 and 38-40 Huntley Street and 112-124 Isabella Street from Neighbourhoods to Mixed Use Areas, and to designate the lands as Mixed Use Areas 2 – Intermediate in the Downtown Plan.

A Rental Housing Demolition Report will also be considered by City Council in conjunction with this Report as the proposal includes the demolition of 32 existing rental housing units. A Tenant Assistance Plan is proposed that addresses the right of existing tenants to return to replacement rental units at similar rents and provides financial compensation to mitigate hardship.