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The Waverley Hotel was a 1916-17 addition to the original YMCA. The Silver Dollar Room was a 1958 addition to the Hotel Waverly. The Silver Dollar Room received Heritage Designation Status in 2015 after the City of Toronto rejected a proposal from owner ´The Wynn Group´ to demolish the hotel and The Silver Dollar for a 22-storey high-rise student residence. The proposal was rejected because of its scale and the precedent it would set for future high-rise buildings in the neighbourhood. The building was demolished in 2018, to make room for a 15-storey development.