GTA Pre-Con Watch

Toronto · Yonge & Lawrence

The Aston Residences (3180-3202 Yonge St)

Converted to rental

Last verified Oct 26, 2026

Reported pivoting from a planned luxury condo to a 157-unit rental, with the plan approved by the North York Committee of Adjustment, per the Toronto Star (Oct 2026).

Note: Unit count is the reported rental total. The developer's condo page described a 77-suite luxury condo at 3200 Yonge St; the Star reports the condo was to be 14 storeys and the rental 15, while the developer's page says 15 storeys. Presale and deposit details are not stated in the sources.

Builder / developer
Montcrest Asset Management
Address
3180-3202 Yonge St
Neighbourhood
Yonge & Lawrence
City
Toronto
Type
Condominium
Units
157
Presales
Reported (see sources)
Current reported status
Converted to rental
Status date
Oct 2026
Deposits returned?
Not confirmed by our sources
Last verified
Oct 26, 2026

Status timeline

  1. Oct 2026Converted to rental

    Reported pivoting from luxury condo to a 157-unit rental (over 70% two- and three-bedroom units); North York Committee of Adjustment reported to approve the plan. Source: [1]

Sources

  1. Toronto Star — Article: Why a Yonge and Lawrence developer is pivoting from luxury condos to rentals · Oct 18, 2026
  2. Montcrest Asset Management — The Aston Residences project page (living page)
This page summarizes what the cited sources reported; GTA Pre-Con Watch has not independently verified these events. Status may have changed since the last-verified date. This is not legal or financial advice — purchasers should speak with a real estate lawyer and check Tarion and the receiver's website. Spot an error? Request a correction.

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