CreateTO, the City of Toronto’s real estate agency, has announced that Civic Developments and Windmill Development Group have been selected to develop one of Ontario’s largest co-operative housing projects and one of the province's largest affordable housing developments in the past 25 years.

The 2.88-acre site at 2444 Eglinton Avenue East in Scarborough, is located across from Kennedy Station and in close proximity to Kennedy GO Station and the future Eglinton Crosstown LRT. Two-thirds of project’s 918 residential units will be comprised of rent-geared-to-income (RGI), affordable and market rental co-op housing, which be operated by the Co-Operative Housing Federation of Toronto (CHFT) — a non-profit housing partner. The co-op will provide long-term rental housing that will be owned and operated by residents on a non-profit basis. The remaining 306 units will be market condominiums.

This is a significant step forward for housing in Toronto that demonstrates that with creativity and the right cooperation between the public, private and non-profit sectors, you can come up with solutions that have a big impact on the housing affordability issue,” said Dan Van Leeuwen, Partner, Windmill Development Group. “This is what affordable housing should look like in 2024.

It’s a pivotal time for housing in Toronto,” said Matthew Cohen, Managing Partner, Civic Developments. “The city is experiencing tremendous growth. It’s our hope that 2444 Eglinton can set a new precedent for mixed-tenure housing in Toronto that is accessible by transit. It’s time to shake up the status quo development models.

Rendering of 2444 Eglinton Ave E

The design team behind 2444 Eglinton includes Vancouver architecture firm Henriquez Partners Architects and landscape and urban design firm CCxA. Notably, 2444 Eglinton will be the first private sector-led site under the City of Toronto’s Housing Now program, which develops transit-oriented affordable housing on City-owned land.  

This is an incredibly important partnership to help the City reach its housing goals and deliver one of Ontario’s largest co-operative and affordable housing projects. I’m looking forward to welcoming the people that will call this development home in just a few short years,” said Vic Gupta, Chief Executive Officer, CreateTO

The time is right for governments and developers to get back into building quality, non-profit co-op housing. This project is a testament to how that can be done in today’s market,” said Tom Clement, Executive Director, Co-Operative Housing Federation of Toronto. “Over time, the rent for the co-op units will only rise to cover cost increases relative to the market, meaning these units will remain affordable for everybody. That’s true affordability.

Upon completion, the project will contain a mix of studios, one-bedroom, two-bedroom and three-bedroom apartments. There are also additional community and retail spaces planned, with construction expected to commence in 2026.