Canada Provides Over 400 Units of Rental Housing In Toronto
Aug 6, 2021
Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), alongside Rob Oliphant, Member of Parliament for Don Valley West and Parliamentary Secretary to the Minister of Foreign Affairs, announced a low-cost loan totaling $178.95 million to help construct a new residential rental project in Toronto.
The project is located at 100 Broadway Avenue, and will include approximately 412 units of much needed rental housing options close to schools, parks and TTC services for middle-income families and individuals. The project is being developed by The R.W. One Hundred Development Corporation, which is a joint venture between Reserve Properties and Westdale Construction.
The project will include two levels of underground parking containing a total of 116 spaces, along with 150 residential lockers, 412 bicycle stalls and amenities. The interior will include a games room, theatre, gym/fitness centre, social lounge, co-working space, private dining area and a kid's club. With the exterior boasting a dining area, multiple bbq stations in the outdoor patio, a lounge area with fire pits, a yoga area and a kids play area. In addition, through an agreement signed with the City of Toronto, an 8,000 square-foot park will be created directly outside the building.
/CNW/ - Every Canadian deserves a safe and affordable place to call home. Thanks to investments made by the Government of Canada, Torontonians will now have...
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