Toronto 970 Kipling Avenue | ?m | 28s | CreateTO

Northern Light · Jan 23, 2025

I'm not sure if @Paclo intends to keep all the housing phases/blocks together for this one.

But for now, I'll post this update from next week's CreateTO agenda for block 5, here.

https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-252239.pdf

The gist is that the intent is to put the site out to market this quarter.

HousingNowTO · Jan 31, 2025

FROM -

RA16.4 - Updated Business Case for Bloor-Kipling (Six Points), Block 5 (970 Kipling Ave)

Agenda Item History 2025.RA16.4

secure.toronto.ca

"A business case for this site was previously considered and approved at the June 3, 2022, meeting of the Board of Directors. However, due to unprecedented cost escalations and cost uncertainty in the real estate market at that time, a market offering for the 1.61-acre site was not issued.

Since that time, CreateTO staff have worked closely with their partners in the Housing Secretariat to revisit the business case for the property to ensure it was appropriately structured and funded to address new Council priorities and direction. This includes direction received via the ‘Generational Transformation of Toronto’s Housing System to Urgently Build More Affordable Homes Report’ (2023.EX9.3) and ‘Launching the Rental Housing Supply Program Report’ (2024.PH13.8).

The final development concept for the property remains unchanged. It includes a 28- storey tower at the corner of Dundas Street West and Beamish Drive and a 12-storey building at the corner of Kipling Avenue and Dundas Street West. The buildings are connected by a base building ranging in height from 8-11 storeys, which can achieve approximately 586 residential units, including approximately 195 affordable rental units.

The proposal includes approximately 37,800 sq.ft. of non-residential uses, including retail and commercial uses fronting Kipling Avenue and Dundas Street West. This proposal will also include city-building features, such as the use of district energy and the addition of a new linear park (Dundas Street West Park) located along the western frontage of the site.

The intent is to bring this site to market in the first quarter of 2025 through real estate brokerage services. Following the market offering process, CreateTO staff will report to the CreateTO Board on the development partner selection prior to finalization of legal agreements."

CreateTO - Bloor Kipling – Block 5 - 970 Kipling Avenue – Board Presentation - 20250130_Page_1.png

CreateTO - Bloor Kipling – Block 5 - 970 Kipling Avenue – Board Presentation - 20250130_Page_2.png

CreateTO - Bloor Kipling – Block 5 - 970 Kipling Avenue – Board Presentation - 20250130_Page_3.png

CreateTO - Bloor Kipling – Block 5 - 970 Kipling Avenue – Board Presentation - 20250130_Page_4.png

Images from (January 28, 2025) - Presentation from the Chief Executive Officer, CreateTO, on CreateTO 2025 Market Offerings -
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-252679.pdf

HousingNowTO · Feb 2, 2025

BLOCK 5 site-visit, current state (FEB. 2025) -

Beamish & Dundas (Looking East)

Kipling and Dundas (looking North-West)

Kipling (Looking West)

From the Church Parking-Lot (Looking South-East) towards the KIPLING bridge over the TTC and GO tracks.

From the Church Parking-Lot (Looking South) towards KIPLING TTC station-adjacent developments.

From the North-Side of the KIPLING bridge (Looking North-West) toward BLOCK-05 and the adjacent Church on the North-West Corner of Kipling and Dundas.

From BEAMISH (Looking East) - Panorama shot.

HousingNowTO · Jun 9, 2025

RFP is now on-the-street :

Development Project is a 100% purpose-built rental with a mix of affordable and market-rate rental housing
- Offered as a Long-Term Land Lease Development Opportunity
- Zoning Approved for 530,011 SF of GFA
- Less than 300m to Kipling Subway Station
- Part of the 18.42-acre Bloor-Kipling (Six Points) Area

LINK - https://comms.cushwakedigital.com/cv/281dc7aa84401ba46b813e090723dfa24bec8d8a