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H&R sells heritage property office tower with plans to be converted into condos

New owner acquires Canadian Pacific Building in Toronto and right to add six floors.
H&R REIT sold the 15-floor office tower at 69 Yonge St. in Toronto. (CoStar)
H&R REIT sold the 15-floor office tower at 69 Yonge St. in Toronto. (CoStar)
CoStar News
August 19, 2025 | 4:18 P.M.

H&R REIT has sold the Canadian Pacific Building on Yonge Street in Toronto for $20.2 million, clearing the way for the historic office tower to be redeveloped into a 127-unit condominium complex.

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