Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Downtown Yonge East
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89 McGill St, Toronto
Built
2018
Storeys
33
Suites
337
Developer
Tridel
Corporation
TSCC-2682
Walk Score
98
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What is your unit at Alter worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 506Carlton St at Church St506 Carlton streetcar0.2 km
- 94WellesleyTTC bus0.3 km
- 97YongeTTC bus0.3 km
- 1College stationLine 1 Yonge–University0.3 km
- 75SherbourneTTC bus0.5 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.7 km
- UPUnion stationUP Express · Pearson to Union1.7 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Church Street Junior Public School
83 Alexander St, Toronto
0.3 km · ~5 min walk
Zoned for this address
MiddleGr 7–8
Jesse Ketchum Junior and Senior Public School
61 Davenport Rd, Toronto
1.8 km
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
0.6 km · ~9 min walk
Zoned for this address
Catholic elementary
Our Lady of Lourdes Catholic Elementary School
0.7 km · ~11 min walk
Nearest, confirm zoning
Catholic elementary
St Paul Catholic Elementary School
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
0.9 km · ~14 min walk
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
0.7 km · ~11 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Alter actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 3 | $413,000 | 42 | $2,165/mo |
| 2 bed | 2 | too few | 14 | $2,900/mo |
| 3 bed + | 1 | too few | 5 | $3,900/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Alter
Do mostly owners or renters live here?
Renter-heavy building. Of 155 deals here in the last 24 months, 139 were leases and 16 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Alter?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Alter
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Burgers
A&W
Steps away
Ramen
Kinton Ramen
Steps away
Japanese
Kinka Izakaya
Steps away
Korean
Bom Bibimbap
Steps away
Chicken
Certi Flame Grilled Chicken
Steps away
Coffee
Bull Dog Coffee
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Allan Gardens
- Joseph Sheard Parkette
- Toronto Metropolitan University Square
Nearest grocery
Loblaws
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 89 McGill St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Alter is the building I suggest to buyers who want Tridel construction and a short walk to Yonge and College without paying for a 60-storey tower. It is a 33-storey architectsAlliance design at Church and McGill whose stacked, alternating sections make it easy to pick out from a distance. The suites are small and the fee per square foot is high, and both of those need to be priced in. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Alter is a 33-storey, 337-suite condominium at 89 McGill Street, at the southeast corner of Church and McGill streets in downtown Toronto, also addressed as 355 Church Street. It was developed by Tridel, designed by architectsAlliance and built by Deltera, and completed in 2018. The corporation is TSCC-2682, registered on 12 October 2018, and managed by Del Property Management. Condos.ca lists the fee as covering common elements, building insurance and water.
Alter at a glance
A tower designed to be noticed
architectsAlliance organised the tower in three-storey sections, each set slightly against the ones above and below it. Translucent white glazing frames each section, and darker balcony glass inside it creates the contrast that gives the building its look. Christopher Hume, reviewing it for Storeys, compared it on the skyline to a simplified Rubik’s Cube and called it more sculpture than space.
He was kinder about the base, and so am I. The four-storey podium is glass with vertical aluminium fins on Church Street, connects well with the sidewalk and is a clear improvement on what stood on this stretch before. On McGill Street, three townhouse-style frontages are clad in brick to fit the quieter residential side street.
The podium also brought back an established neighbour. Family Service Toronto, which had left the site in 2015 to make room for construction, returned to the office space in the podium, with a street-front space and a multi-storey living wall in its lobby. There is also a small amount of ground-floor retail.
McGill Street is the quieter side. It is a short residential street running east from Church, and suites on that side of the tower look over lower buildings rather than straight onto the traffic of Church Street. If you want the building’s location without the street noise, that is where I would start looking.
Compact suites and the fee per square foot
Condos.ca lists suites of about 409 to 1,158 sq ft. Much of what comes up for sale is under 600 sq ft: one-bedroom and one-bedroom-plus-den plans, with two-bedrooms around 700 to 800 sq ft. This is a building for singles, couples and investors.
The fee is the number to watch. Current listings averaged about $1.07 per square foot, and condos.ca lists only common elements, building insurance and water as included. Heat, air conditioning and parking are not listed. That is a high fee for a 2018 building with a fairly modest inclusion list, so compare total monthly cost carefully against nearby buildings that include heat.
Ask why the fee is where it is. It may simply reflect the amenities and the building’s mix of residential, office and retail, or there may be specific cost pressures in the budget. The status certificate, budget and reserve fund study will tell you; I would not guess.
Small suites are where Alter makes sense and where it is weakest. A well-planned one-bedroom near the subway and the universities is easy to rent and easy to resell. A very small suite with a high fee is harder to sell when the market is soft, because buyers compare monthly cost, not just price.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Church Street, between College and Carlton
Alter sits on the stretch of Church Street just south of the Church-Wellesley Village and a block east of Yonge Street. The Loblaws at the old Maple Leaf Gardens, Toronto Metropolitan University and the Yonge Street retail strip are a short walk, and the Financial District is reachable on foot or by subway.
For daily life, this is one of the most complete locations in the city. Groceries, pharmacies, gyms, restaurants and the subway are all within a few minutes, and you can live here comfortably without a car. That is a big part of why parking is not in the fee and why many owners do not miss it.
Hume called this part of Church Street a hodgepodge, and he is not wrong: older low-rise buildings, parking lots and new towers sit side by side, and more redevelopment is coming. That means construction nearby for years and changing views, but also a street that is steadily improving. The transit and walkability data for this address is in the panel beside this review.
What Alter costs
Condos.ca puts the building average at about $942 per square foot. That is on the higher side for this part of Church Street, which I attribute to Tridel’s reputation, the building’s age and the very small average suite size, since small suites always carry a higher price per square foot.
Five suites were for sale when I checked, plus a parking or locker listing that I have left out. One-bedroom and one-bedroom-plus-den suites were asking roughly $418,000 to $499,000, and two-bedroom suites roughly $739,000 to $750,000. Even with only a handful of listings, that is a reasonable spread to compare plans and floors.
At about $1.07 per square foot in fees, a typical one-bedroom pays roughly $420 to $530 a month, before hydro, heat and cooling. That carrying cost is the main thing that separates Alter from older, larger-suite buildings nearby. If you want a value check on a specific suite, my building sold report shows what has actually traded.
Building specifications
| Building name | Alter |
| Address | 89 McGill St (also 355 Church St), Toronto |
| Developer | Tridel |
| Architect | architectsAlliance |
| Builder | Deltera |
| Storeys | 33 |
| Total suites | 337 per condos.ca (340 planned) |
| Condo corporation | TSCC-2682 |
| Registered | 12 October 2018 |
| Property management | Del Property Management |
| Suite sizes | Approximately 409 to 1,158 sq ft |
| Maintenance fees | About $1.07 per sq ft on current listings |
| Fees include | Common elements, building insurance and water |
| Other uses | Office space for Family Service Toronto, ground-floor retail |
Amenities at Alter
Condos.ca lists a concierge, gym, party room and an outdoor pool. An outdoor pool is a seasonal amenity in Toronto, but it is a real draw in summer and uncommon for a building of this size on Church Street. Ask how the pool season is run and what it costs, because seasonal pools still need year-round maintenance and eventual replacement.
Jatin’s honest take on Alter
Who this building suits
First-time buyers who want a newer Tridel building near Yonge and College, students and their parents, and investors targeting the university and hospital rental market. It suits people who are comfortable in a compact suite.
What I’d want you to check
Get the budget and reserve fund study and understand the fee per square foot before anything else. Ask how costs are shared between the residential condominium and the office and retail components, confirm parking and a locker for the specific suite, and check the board minutes for any planned work. Look at what is approved or proposed on the neighbouring Church Street lots, since it may affect your view. Finally, ask for the rental share in the building, which affects both your neighbours and your resale competition.
The value question
At about $942 per square foot with a fee above $1 per square foot, Alter is not the cheapest way into this neighbourhood. You are paying for a newer Tridel building with good construction and a pool. For an owner-occupier, I would look closely at whether an older building with heat included and a larger suite gives better value; for an investor, the small suites rent well, but the fee eats into the return. If that sounds like you, it is worth a viewing.
Free building report: Alter
Send me your email and I’ll put together a current report on Alter — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Alter — frequently asked questions
Who built Alter condos?
Tridel developed Alter, with its construction arm Deltera building it.
Who designed Alter?
The architect was architectsAlliance.
What is the address of Alter?
Alter is at 89 McGill Street, at the southeast corner of Church and McGill, and is also addressed as 355 Church Street.
How tall is Alter and how many suites does it have?
It is 33 storeys with 337 suites, according to condos.ca. Earlier construction reports said 340 units.
When was Alter completed?
It was completed in 2018, and the corporation (TSCC-2682) was registered on 12 October 2018.
What do maintenance fees include at Alter?
Condos.ca lists common elements, building insurance and water. Heat, air conditioning and parking are not listed as included.
Does Alter have a pool?
Yes, condos.ca lists an outdoor pool, along with a gym, party room and concierge.
Who else is in the building?
Family Service Toronto occupies the office space in the podium, and there is ground-floor retail on Church Street.
Who manages Alter?
Condos.ca lists Del Property Management. Confirm the current manager in the status certificate.
How much do condos at Alter sell for?
Over the last 12 months the median resale at Alter was $507,500, across 6 sales. The typical unit sold in 22 days at about 94% of the asking price. That works out to roughly $940 per square foot.
How much is rent at Alter?
The median lease at Alter over the last 12 months was $2,280/mo, from 61 leases. Units typically leased in 13 days.
What does each unit type cost at Alter?
Over the last 24 months: One-bedrooms sold for a median $413,000 and rented for $2,165/mo; Two-bedrooms rented for $2,900/mo; Three-bedrooms rented for $3,900/mo. Each median uses three or more deals.
Are prices at Alter up or down since 2022?
Down about 25%. The median sold price per square foot was $1,261 in 2022 and $940 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Alter offer an investor?
At a median price of $507,500 and a median rent of $2,280 a month, the gross yield is about 5.4%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Alter?
Mostly renters. Of the deals here in the last 24 months, 90% were leases and 10% were sales.
Can you Airbnb a unit at Alter?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Alter had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Alter zoned for?
For TDSB public schools, the address is zoned for Church Street Junior Public School (Elementary, JK–6), Jesse Ketchum Junior and Senior Public School (Middle, Gr 7–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Alter?
The nearest subway is College station (Line 1 Yonge–University), 0.3 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.7 km; UP Express runs from Union station, 1.7 km; the 506 Carlton streetcar stops 0.2 km away; the closest bus is the Wellesley (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Alter?
Walk Score 98, Transit Score 98 and Bike Score 98. Most daily errands can be done on foot.
What restaurants and shops are near Alter?
Within about a 10-minute walk: A&W (Burgers), Kinton Ramen (Ramen), Kinka Izakaya (Japanese), Bom Bibimbap (Korean), Certi Flame Grilled Chicken (Chicken). The closest grocery store is Loblaws, 0.2 km away.
Which parks are near Alter?
Allan Gardens, Joseph Sheard Parkette, Toronto Metropolitan University Square are the closest green spaces.
What is my unit at Alter worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Alter lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at St. Lawrence, the Financial District and Downtown Yonge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including St. Lawrence, the Financial District and Downtown Yonge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Alter, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More St. Lawrence, the Financial District and Downtown Yonge building guides: One King West Hotel & Residence · 1 Thousand Bay Condos · 1001 Bay · 101 McGill Street Townhouses · 1132 Bay Street Condos · 1166 Bay Street Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.