TORONTO – The City of Toronto and CreateTO have broken ground on new transit-oriented, mixed-use community in Scarborough southwest that will have a total of 705 new purpose-built rental homes including 256 affordable rental homes.
The development is located at 777 Victoria Park Ave., formerly a TTC commuter parking lot, and is being developed through a partnership between the city, CreateTO, CMHC, Alterra Group of Companies and Mahogany Management.
In addition to the housing, the site will include a new child care centre, publicly accessible open space, community space, improvements to the public realm and retail, states a release. It will also feature a geothermal energy system.
This site is one of almost 100 city-owned sites that are either housing ready or may be unlocked for new housing.
The new homes will be a mix of unit types including family-sized two- and three-bedroom homes.
