403 Keele Street
Par :
Core Development Group
403 Keele Street is a 12-storey, mixed-use co-living rental project in Toronto’s Junction neighborhood, designed to offer sustainable, affordable and socially connected housing options.
Location
Ontario
Profil de risque
Moderate - High
N/A
Investissement min.
Stratégie d'investissement
Opportunistic
ARR
26% of IRR
Horizon
48 Months
Introduction
This project represents the next evolution in urban living: co-living rental housing. This innovative housing model is gaining popularity in high-cost urban centers across the globe, offering residents all-inclusive, affordable, and community-oriented accommodations. By blending private suites with shared spaces, co-living offers a unique value proposition for renters, combining affordability with convenience. With its forward-thinking design, robust ESG credentials, and prime location, 403 Keele Street is poised to set a new benchmark for urban rental properties while addressing the growing demand for affordable housing in Toronto.
Principales raisons d'investir
Innovative Co-Living Model
Provides renters with affordable, all-inclusive housing options that are in high demand in urban markets
Strong ESG Credentials
Low carbon operating footprint and energy-efficient construction using geothermal systems and sustainable materials
Prime Location
Situated in The Junction, one of Toronto’s most desirable neighborhoods, with excellent transit accessibility and proximity to amenities.
Market Advantage
The project’s co-living model offers competitive financial returns, with higher yields and reduced vacancy risks compared to traditional rentals.
Project Overview
The development at 403 Keele Street will consist of a 12-storey, mixed-use building with a growing constructible area of 195,892 square feet. The project includes 281 residential units - 209 private suites and 72 co-living units- designed to provide renters with modern and affordable accommodations. Residents will enjoy fully furnished units with all utilities, Wi-Fi, and regular in-suite cleaning included in their rent, ensuring a hassle-free living experience.
The project’s sustainable features include a low-carbon footprint achieved through energy-efficient systems such as geothermal heating and cooling and the use of low-carbon materials like steel. The inclusion of 2,919 square feet of retail space at street level will further enhance the neighborhood’s appeal, making 403 Keele Street a cornerstone of community living.
With construction planned to commence in November 2024 and a project duration of approximately 48 months, the development is expected to attract strong demand, thanks to its affordability, location, and innovative co-living model.
Location
Situated in Toronto’s trendy Junction neighborhood, 403 Keele Street offers residents unparalleled access to the city’s best amenities. Known for its unique mix of independent stores, coffee shops, microbreweries, and restaurants, The Junction has earned a reputation as one of Toronto’s coolest neighborhoods. The property benefits from excellent connectivity, with Keele subway station just an 18-minute walk away and the Dundas West Transit Hub within 1.7 kilometres, providing seamless access to the TTC, GO, and UP Express for travel to downtown Toronto in under 30 minutes.
With numerous condo and rental developments planned or under construction nearby, The Junction is rapidly transforming, yet 403 Keele Street stands out as the only co-living development in the area, offering renters an affordable alternative to traditional rental or condo living.
Multimédia
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Developer Overview
Core Development Group Ltd. est une société de développement immobilier basée à Toronto. Agissant pour le compte de nos investisseurs et pour notre propre compte, Core recherche, capitalise, développe et gère activement un large éventail de projets immobiliers. Nous offrons également une gamme complète de services de développement et de gestion de projet à nos clients et partenaires de coentreprise.