affordable housing toronto

Downtown Toronto parking lot to become a massive affordable housing complex

The debate over whether to use land for parking lots or housing is nothing new in Toronto, and now a massive downtown parking lot will give way to a condo development partially made up of affordable units. 

A West Don Lands parking lot north of the Distillery District is currently being used for storage by car dealerships, except for when it's open to the public during major events like the Christmas Market.

But a new draft plan for the land outlines a condo complex project with 836 units, 36 per cent of which would be affordable housing.

Affordable rental housing and affordable rents are defined as housing where the total monthly shelter cost is at or below Toronto’s Average Market Rent (AMR) by unit type, according to the city of Toronto.

The project is part of the Province’s Affordable Housing Program as well as the City's Open Doors program

Back in 2017, Dream, Kilmer and Tricon were the successful proponents of Infrastructure Ontario’s request for proposal for the West Don Lands parking lot that borders on Front St., Cherry St., and Trinity St. 

affordable housing torontoIt's currently in the schematic design review phase. 

affordable housing torontoAccording to the plan, the development will consist of three buildings, standing at 45.5 m, 45.5 m and 49.25 m tall, respectively. 

The first building will have 264 market units and 109 affordable units, the second will have 259 market units and 116 affordable units, and the third will have 62 market units and 26 affordable units. 

In total, that makes for 585 market units and 251 affordable units. 

This project is only one part of a larger project in the West Don Lands, and the draft plan states that "The West Don Lands will be redeveloped into diverse mixed-use communities."

"These communities will capitalize on their strategic downtown
location, the synergy created by the simultaneous development of the Port Lands and their historic roots as part of the original town of York, as well as the Don River’s new environmental health."

Photos by

Waterfront Toronto


Join the conversation Load comments

Latest in Real Estate

Toronto condo rent prices reach lowest point in nearly three years

Condo prices are finally starting to drop in downtown Toronto

Toronto rent drops again as the average price for a one bedroom falls below $2k

Toronto realtors urged to stop hosting open houses

Toronto developers are rushing to build more detached homes as demand skyrockets

Home sales and prices in Toronto keep hitting record highs

Toronto has almost a third of the construction cranes in North America right now

This is what a $27,500 a month condo looks like in Toronto