Ellie Condos, 5220 Yonge St: A New Tower With an Office Block and Mews

Ellie is one of the newest towers on Yonge Street between Sheppard and Finch, and it is not just a condo. It shares its podium with a 10-storey office building and a retail mews, which means more life at street level and more moving parts behind the scenes. For a first-time buyer or an investor who wants a brand-new suite on Yonge, it deserves a look, with a careful read of the paperwork. I’m Jatin Dua, RE/MAX Quantum Realty.

A condo, an office block and a mews on one site

Ellie is a mixed-use project. The 31-storey residential tower, about 106 metres tall, rises from a podium shared with a 10-storey office building at Yonge and Ellerslie. The podium holds retail on its first two levels, with ceiling heights of 15 and 17 feet planned for those floors.

The most interesting piece is at the south end of the site: a market-style pedestrian mews lined with shops, designed to join up with the retail at the neighbouring Beacon Condos. The plans called for a glass canopy from the second floor, trellises down the middle to cut the wind, and trees and landscaping throughout.

Mixed-use buildings are more complicated to run than a plain condo tower. The residential corporation usually shares parts of the garage, structure, loading and mechanical systems with the commercial owners, under a shared facilities or reciprocal agreement. That document decides who pays for what, and it is one of the first things I would ask for.

There are day-to-day effects too. Retail and office tenants bring deliveries, garbage pickup and visitors, and suites on the lower floors facing the podium or the loading area will notice them. On the plus side, a coffee shop or a clinic downstairs is a genuine convenience, and offices on the same site mean the block stays busy and lit during the day. Ask which suites face the mews and which face the loading side, and visit at both a weekday morning and an evening.

Suites: compact one-bedrooms to two-plus-dens

Suites run from about 428 to 996 square feet, from compact one-bedrooms through two-bedroom-plus-den plans. There is no large-suite or penthouse range to speak of. This is a building aimed at single professionals, couples and investors, not at families looking for three bedrooms.

The tower is mostly window wall, with light and dark pre-finished aluminum balcony rails, and a crown of white panels with a lighting feature at the top. On a building finished in 2025, the window wall system is something to keep an eye on in the reserve fund study for the long term, as it is for every tower of this era.

In the smaller one-bedrooms, check for a bedroom with a real window rather than a sliding-panel space, and a living area wide enough for a sofa and a table. In the two-plus-dens, check whether the den can take a door, because that one detail changes how tenants and future buyers value the suite.

Halfway between Sheppard and Finch

Ellie sits roughly halfway between Sheppard and Finch on Yonge, in the stretch that has filled in with towers over the last two decades. Groceries, restaurants and services line Yonge in both directions, and the Yonge subway line serves the area. Transit, school and walkability details are in the data panel on this page.

Until construction began, the site was a surface parking lot. The office building, the shops in the podium and the mews add daytime activity that a purely residential block would not have, and the mews with Beacon creates a pedestrian route off Yonge that should feel more like a street than a driveway once the retail is fully let.

Yonge Street between Sheppard and Finch is still building out, so expect more towers and some construction nearby for years. That is the price of living on one of the busiest development corridors in North York.

A new corporation with a commercial neighbour

TSCC-3097 registered in February 2025, so the corporation is less than two years old. The first budgets are prepared by the developer, and fees often change once an owner-elected board and real operating costs take over. Ask for the current budget, any approved increase and the Tarion performance audit status.

The suite count varies by source: 301 on condos.ca, 308 in the planning update and 309 in the project database. The retail figure also varies between project descriptions. Neither difference changes how the building lives, but it is a reminder to rely on the declaration and the status certificate for exact numbers.

What Ellie is asking and what the fees look like

When I checked, four suites were for sale, asking from $459,000 to $793,625, while eight were listed for lease. Twice as many lease listings as sale listings is typical of a recently completed investor-heavy tower, and it means competition for tenants if you are buying to rent.

Monthly fees on those listings ranged from $493 to $956, averaging about $1.06 per square foot. That is high, and it reflects small suites carrying fixed costs plus a long amenity list. Condos.ca does not show what the fee includes, so confirm whether heat, water, cooling and parking are included or billed separately.

In a building this new, asking prices are not a reliable guide on their own. Use the 12-month sales figures in the panel and recent comparables from similar towers nearby. Ellie’s suites are small enough that a few thousand dollars of price difference can come down to floor height, view and parking alone. If you would like me to pull comparables for a specific suite, book a call.

Building specifications

Amenities at Ellie Condos

Marketing material describes the amenity package as Club Ellie: a party room, exercise and weights rooms, a yoga and spin room, saunas, a theatre, billiards and games rooms, and outdoor terrace space above the third-floor indoor amenity level. Confirm what is open and fully finished when you visit, since amenities in new towers sometimes open in stages.

Jatin’s honest take on Ellie Condos

Ellie Condos — frequently asked questions

Looking at Willowdale, Yonge & Sheppard, Bayview Village and North York Centre more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.