Innovia repositioned a stalled 30-unit luxury condominium into a 90-unit purpose-built rental building, including 30 deeply affordable homes, and secured City of Toronto funding support.
More about this project
Located in Toronto's Upper Beaches, construction on the original condominium began in 2022 and stopped in 2023 as market conditions changed. Innovia was retained to reposition the project.
The revised design accommodates 90 rental units, including 30 deeply affordable units (33% of the total). Rents for the remaining 60 units are capped at 150% of average market rent, and 40% of the homes have two or three bedrooms.
Innovia resolved claims, led the redesign, secured planning approvals, updated construction documents and led a successful application under the City of Toronto's 2025 Capital Funding Call through the Rental Housing Supply Program.

