Line 5 Condos, Broadway Ave: Two New Towers and Three Amenity Floors

Line 5 Condos on Broadway Avenue is one of the largest new condominiums in midtown: two towers, about a thousand suites, and an amenity program spread over three floors. It registered in 2025, so you are buying into a corporation that is still in its first years. The suites are mostly small, and that shapes everything from the fee to the resale market. I’m Jatin Dua, RE/MAX Quantum Realty.

Two towers on a shared podium

Line 5 is named after the Eglinton Crosstown, Line 5, and the project was planned around the arrival of that line. It is two towers on a shared podium: a 38-storey south tower at 117 Broadway and a 39-storey north tower, with heights of about 106 and 114 metres according to UrbanToronto.

The design changed during approvals. In 2019, the plans showed towers of 33 and 36 storeys with about 930 suites, and IBI Group as architect. The built project is taller, with roughly 1,000 suites, and the architect is now listed as Arcadis, which acquired IBI Group. That is the same firm under a new name, not a change of designer.

The north tower podium is six storeys with angled massing, black perforated metal and warm-toned siding on its west half and ironspot brick on the west elevation. Four townhouse-style units sit at grade. The south tower has alternating balconies with patterned etched-glass guards, which gives it a zipper-like look from the street.

Amenities over three floors

According to the 2019 amenity plans, interiors by U31 and landscaping by Brook McIlroy, the ground floor holds a two-storey lobby with concierge, a fitness centre, a pet spa, steam and sauna rooms, a spa, a juice and coffee bar, an outdoor yoga and zen garden, ride-share pick-up areas and food delivery lockers.

The seventh floor has a party lounge with a catering kitchen opening to an outdoor barbecue and dining area, an art studio and an outdoor theatre with a fire pit. The ninth floor, on the podium roof, has a co-working club, a library lounge, a demonstration kitchen and dining table, and an outdoor games area.

Condos.ca also lists a pool. I could not find a pool in the published amenity plans, so confirm this when you visit rather than relying on the listing. Either way, this is a very complete package, and with about a thousand suites sharing it, it should feel busy rather than empty.

Mostly small suites, and what that means

The current listings tell the story: most are studios and one-bedrooms under 600 square feet, many under 500. This is a building designed largely for investors and first-time buyers, and the floor plans reflect it.

Small suites can work well at this location, but they need scrutiny. In a one-bedroom under 500 square feet, check whether the bedroom has a window or sits behind sliding panels, whether there is room for a real dining table and how much closet space there is. A one-plus-den in this size range usually means a desk nook, not a second bedroom.

With about a thousand suites, you will always have competition. At the time of writing, there were 21 suites for sale and 22 for rent. That is good for buyers, who can be choosy about floor and exposure, and it is a reason for sellers and landlords to price carefully.

Buying into a brand-new corporation

A building that registered in April 2025 is still settling. The first-year budget was prepared by the developer, the first reserve fund study is recent, and the board has only recently taken over. Fees in the first years often rise once real operating costs replace the estimates.

Ask for the most recent budget, the reserve fund study and any performance audit of the common elements, which new corporations commission before Tarion warranty deadlines. If deficiencies have been reported, find out how they are being handled.

Also check whether the two towers share one corporation and one budget, how costs are split between them, and whether the townhouse units and any retail have separate arrangements. These details sit in the declaration and the shared facilities agreements.

None of this is a reason to avoid a new building. It is a reason to buy with the documents in hand. A corporation of this size usually has a professional management team and a large reserve fund in absolute terms, but the first few annual budgets will tell you far more than the marketing did.

What Line 5 Condos costs

Across eight of the current listings with recorded details, asking prices ran from $399,900 under 500 square feet to $539,900. Monthly fees across those listings ranged from about $250 to $378.

That works out to about $1.18 per square foot on average, which is high for midtown. Part of that is the small suite size: a fixed share of concierge, insurance and amenity costs looks large when divided over 450 square feet. Part of it is the size of the amenity program. Condos.ca does not list what the fee includes, so get the budget and confirm what is covered.

On a small suite, that fee per square foot matters more than it appears. It affects rental yield for investors and carrying costs for owners, and it should be part of any comparison with an older building that has larger suites and a lower fee per square foot.

With so many near-identical suites listed at once, there is negotiating room. For recent resale figures rather than asking prices, see the data panel on this page or ask me for a building sold report.

Building specifications

Amenities at Line 5 Condos

The amenity program fills three podium levels, from a pet spa and sauna at grade to a co-working club and outdoor games area on the ninth floor. In daily life that means you may not need a gym membership, a separate workspace or a party venue, but it also explains a fee that is high per square foot.

Jatin’s honest take on Line 5 Condos

Line 5 Condos — frequently asked questions

Looking at Yonge & Eglinton, Davisville and North Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.