Welcome to
223 Redpath Avenue’s
Affordable
Rental Portal
90
AFFORDABLE RENTAL UNITS
AVAILABLE THROUGH A
RANDOM PUBLIC DRAW
Welcome to the affordable rental component of 223 Redpath Avenue, in partnership with the City of Toronto.
223 Redpath Avenue is pleased to introduce 90 affordable rental suites with a range of unit types and floorplans available through this registration portal.
DEADLINE FOR REGISTRATION
NOVEMBER 17th 2024 AT 11:59PM EST.
The affordable rental component offers studio, 1, 2 and 3-bedroom units ranging in size from 360 sq. ft. to 950 sq. ft. The units are smoke-free.
223 Redpath Avenue offers a suite of premium amenities designed to elevate everyday living. Residents can unwind in the Social Lounge, complete with a dining area and bar, or enjoy the stunning city views from the Outdoor Terrace equipped with barbecues and stylish seating. The Games Room provides a lively space for fun, while the Co-working Lounge supports productivity and focus. Fitness enthusiasts will appreciate the on-site gym and dedicated Yoga & Stretch room for relaxation and wellness. Families will find the Kids Club a vibrant haven for children, making 223 Redpath Avenue a true sanctuary of comfort and convenience.
Situated at the vibrant crossroads of Yonge & Eglinton, 223 Redpath Avenue offers unparalleled connectivity to the city. Residents enjoy a 7-min walk to the subway at Yonge & Eglinton station. For seamless travel downtown, Bloor-Yonge Station offers further connections to Line 2, while Union Station provides access to the UP Express for Pearson Airport. With an extensive network of bike lanes and paths, 223 Redpath Avenue ensures effortless commuting and easy exploration of Toronto’s diverse neighbourhoods.
223
Redpath
Avenue
90
AFFORDABLE RENTAL
UNITS AVAILABLE
|
100% Of The AMR |
Utility Total Allowance (Tenant is required to pay own hydro, heat, hot and cold water) |
Initial Annual Household Income Limit |
||
|
BACHELOR (Max. 2 occupants) |
$1,427 | $54 | $1,373 | $65,904 |
|
1 BEDROOM (Max. 2 occupants) |
$1,708 | $54 | $1,654 | $79,392 |
|
2 BEDROOM (Max. 2 occupants per Bedroom) |
$1,992 | $78 | $1,914 | $91,872 |
|
3 BEDROOM (Max. 2 occupants per Bedroom) |
$2,241 | $103 | $2,138 | $102,624 |
Rents listed include the City of Toronto’s utility allowances.
Max Annual Household Income Limits
A combined income not more than 4 times the annualized rent (4 x monthly rent x 12 months).
Rates are subject to change based on CMHC posted rental data.
* Affordable Housing units are entitled to a utility allowance deduction from the monthly rent. This includes tenants who pay separately or are bulk/suite-metered. Utility allowance deductions are calculated annually and are based on the Consumer Price Index published annually by the Ministry of Municipal Affairs and Housing. Tenants are responsible for any additional usage costs in excess of the allowance amount. 100% of the AMR – Utility Allowance specified. Monthly parking is additional. Refer to line 203600 NOA for annual net income.
All residents of 223 Redpath Avenue are required to set up and pay their own utilities through a third-party utility provider (not included in the rent).
Registered households will be included in a random draw. Only selected households will be invited to complete a full application. Please note that multiple applications may make your household ineligible.
AFFORDABLE RENTAL
REQUIREMENTS AND PROCESS
All tenants must have
status in Canada.
Each member of the
household is:
- A Canadian Citizen, or
- A Permanent Resident of Canada or has applied for permanent resident status
- A refugee claimant or Convention Refugee
At least one household member must be:
- 16 years of age or older
The household must include a minimum of one person per bedroom, and couples must share a bedroom.
No more than 2 persons per bedroom.
Once you have registered, and once the deadline has passed, all registrant names will be included in a random selection process. Registrants that are selected from the random selection will be contacted in order, based on the highest ranking for their qualified unit type. If you qualify and are chosen, you will be sent an electronic registration form to complete. To ensure that you are able to meet this deadline, have all the documentation listed below on hand (including 2023 Notice of Assessment and Proof of Status in Canada identification). Once all of the units are allocated, the website will be updated to indicate that the process has been completed.
LANDLORD SCREENING PROCESS
Applications will be screened using the following information submitted by the registrant:
-
Canada Revenue Agency - 2023 Notice of Assessment
Will be used as income verification. -
Occupant details
To confirm occupancy standards. -
Personal reference contact detail
For landlord reference check.
-
Photo identification
Government-issued. -
Landlord contact details
For landlord reference check.
SAMPLE RENTAL LAYOUTS
| Units | Bedroom |
Approximate interior SQ.FT |
|
| 1803 | studio | 361 Sq.Ft. | 29 Sq.Ft. |
| 309 | 1 Bed | 669 Sq.Ft. | 26 Sq.Ft. |
| 803 | 1 Bed | 460 Sq.Ft. | 49 Sq.Ft. |
| 2105 | 2 Bed | 627 Sq.Ft. | 33 Sq.Ft. |
| 302 | 2 Bed | 783 Sq.Ft. | 208 Sq.Ft. |
| 3504 | 3 Bed | 914 Sq.Ft. | 157 Sq.Ft. |
* Some suites available will be barrier free. Medical verification will be required for applications for barrier free units.
Reserve Properties is an active developer of residential, retail and mixed-use properties. With 40 years of experience,
the executives have been involved in over 150 projects, 20,000 residential units and over 2 million square feet of commercial and retail
space across North America. The Reserve team spans two family generations, offering extensive expertise in all aspects of real estate development,
construction and financing. Reserve Properties hires the best professionals and consultants to help bring each venture to life. This philosophy,
coupled with a steadfast commitment to the best interests of their clients and customers, has helped the company achieve the success it enjoys today.
With a history of executing forward-thinking multi-residential projects like 8 Elm, Untitled, Line 5, Rise, and Bellefair, as well as high volume retail
spaces for national tenants including Starbucks, LCBO and Shoppers Drug Mart, Reserve has always demonstrated a progressive approach to neighbourhood
development. Reserve’s commitment to inspired architecture and a sophisticated understanding of interior design and lifestyle programming is highlighted
with 223 Redpath Avenue, which will deliver a new vision for rental living at Yonge and Eglinton.
For 70 years, Toronto-based Westdale Properties has owned, managed, and developed real estate across North America.
As a family-owned company with a unique vision and extensive expertise of multi-residential real estate and mixed-use
development, Westdale is committed to fostering a positive experience for the tens of thousands of individuals who call
their buildings home, work and shop at their properties or spend quality time at their affiliated restaurants or hotels.
Westdale’s Canadian portfolio alone includes close to 5,000 residential units and over 2.5M square feet of retail, commercial and
industrial spaces. Across the US, Westdale owns and manages close to 47,000 residential units in 200 properties and 30 cities, as
well as 1.8M square feet of retail and commercial space. Notable residential projects in Toronto include Theory, NOBU Condominiums,
Line 5, Untitled and One Bloor East. Westdale’s Food & Hospitality portfolio includes some of Toronto’s most loved restaurants,
including Kasa Moto, Planta, and Mimi Chinese. Westdale’s team of almost 1,500 employees across Canada and the US share a dedication
to their tenants and clients, bringing a creative approach and strategy to every project they build, develop, and manage.
AFFORDABLE RENTAL APPLICATION
Application closes NOVEMBER 17th 2024 AT 11:59PM EST
*Required field
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