The development of the Phase One Housing Now site at 777 Victoria Park Ave. has been awarded to Alterra Group of Companies and Mahogany Management.
The two-acre site at 777 Victoria Park Ave., located just north of Danforth Avenue, will deliver a minimum of 508 residential homes, including 254 affordable rental homes and 254 market rental homes.
The development will also deliver a new child care centre, retail and community space, and new publicly accessible open space and improvements to the public realm. The site will also include a minimum of 20% accessible affordable rental homes and 15% accessible market rental homes.
“Today is National Housing Day and I’m proud that we’re able to announce the development partners for yet another Housing Now site. With Council’s decision earlier this month, we now have 21 sites across the city included within this program. Housing Now is helping to create thousands of transit-oriented, new affordable rental homes and I’m pleased this new mixed-income, mixed-use development at 777 Victoria Park Ave. will deliver more than 250 new affordable rental homes in Scarborough.”
– Mayor John Tory
“Having a place to live is fundamental to an individual’s health and well-being and people across Toronto are in desperate need of housing options. Our goal is to meet the demand through a variety of initiatives and so I’m very pleased that a development team has been selected for 777 Victoria Park Ave. One hundred per cent of the homes on this site will be rental homes, with approximately 50 per cent being affordable rental homes – a number that gets us one step closer to meeting our housing goals.”
– Deputy Mayor Ana Bailão (Davenport)
Occupancy starts in 2025. We are not yet taking applications. Please check back as more information becomes available.