TORONTO — The Ontario government is partnering with the City of Toronto and Habitat for Humanity GTA to build 33 modular homes in a six-storey condominium building at 355 Coxwell Avenue.
This site was identified by the City of Toronto as a surplus property appropriate for the construction of below-market modular homes.
“Lessons learned through the construction of this building will inform the ongoing work the province and its partners are doing to support modular homebuilding in Ontario and keep the dream of homeownership alive,” a release reads.
“Home prices at 355 Coxwell Avenue will be set to reflect amounts that are attainable for households with income between the 60th and 70th percentile in the City of Toronto. Homes will be sold at fair market value with a maximum purchaser contribution of $500,000 in 2025, indexed to future annual inflation levels.”
The city is investing more than $4.8 million to build the homes.
Preparations for construction are currently underway. Sales are expected to begin early next year, with the homes ready for occupancy by mid-2027.
