AlbertC

AlbertC

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www.cransoncapital.com

InnoDev Vaughan Road LP — Cranson Capital

www.cransoncapital.com www.cransoncapital.com

InnoDev Vaughan Road LP​


Purpose Built Rental Development
146-150 Vaughan Road, Toronto, Ontario

The InnoDev Vaughan Road Limited Partnership is a proposed 12-storey purpose-built rental (PBR) project in the well-established and vibrant Humewood/Cedarvale neighbourhood of Toronto. The site has a 94 walk-score and is located in a major transit station area (MTSA). InnoDev's management team have over 30 years of experience in real estate and land development.

This project is part of the Cranson Capital Purpose-Built Rental Fund. For more information about this investment opportunity, please contact your Cranson Capital securities dealing representative.


146vaug.JPG
 
This new to the AIC proposal seeks to redevelop 3 SFH, 146-150 Vaughan Rd into a 16s Purpose-Built-Rental.

Site as it is, per Streetview:

1756915420015.png


The App:

www.toronto.ca

Application Details

www.toronto.ca www.toronto.ca

From the above:

1756915498105.png


Elevations:

1756915680643.png


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***

1756915959331.png



Ground Floor Plan:

1756915640943.png

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Unit layouts/sizes:

1756916231377.png


Hey, that's pretty good!

Elevator Ratio: 110 units - 2 elevators, 1 elevator per 55 units.


Precedents: Extant - adjacent 7s

Under Construction': 15s, just down the street.

This one should get an easy ride I think.
 
Last edited:
Don't hold back just because I am involved :)
 
Some information shared during a community consult tonight. Only a few questions and comments from people. Some were asking about how long it would take to build, some were concerned about the condition of the road in the laneway and how safe the laneway would be, some expressed support for the project.
ground_floor.png
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parking.png
 
This ad for an “Investors Event” popped up on one of our social channels -

www.linkedin.com

#cransoncapital #torontorealestate #housing #pbr #rentalhousing #purposebuiltrental #torontodevelopment #realestateinvesting #torontoinvestments #events #ontariorealestate #torontoinvestor #toronto | Cranson Capital

Accredited Investors are invited to join us for an in-person event with InnoDev Partners as we present one of Torontoâs most compelling Purpose-Built Rental investment opportunities: InnoDev Vaughan Road Limited Partnership (the âLPâ). Located at 146â150 Vaughan Road, this proposed mid-rise...
www.linkedin.com www.linkedin.com
 
Northern Light said:
Decision Report - Approval Recommended to the January meeting of TEYCC:


@HousingNowTO will wish to make note of the following:

View attachment 704693
Click to expand...
There were only Five (5) rental units in the existing buildings -- so the RENTAL REPLACEMENT policy did not kick-in...

1766538825441.png


This staff approval is for 110 apartments w/ Six (6) as "Affordable Rental" for 25 years, essentially a 5% of units via CBC "in kind" deal.

1766538955356.png


That's about the best deal you are going to get given the economic circumstances with the St. Clair West Protected Major Transit Station Area (PMTSA) in Fall 2025.


1766539137238.png

We should probably expect this to be the Staff Boilerplate solution on "Affordable Housing on Private Lands within PMTSAs" for the next year or so -

1766539234410.png

Good file to use for reference on other sites. Thx!
 
HousingNowTO said:
There were only Five (5) rental units in the existing buildings -- so the RENTAL REPLACEMENT policy did not kick-in...

View attachment 704838

This staff approval is for 110 apartments w/ Six (6) as "Affordable Rental" for 25 years, essentially a 5% of units via CBC "in kind" deal.

View attachment 704839

That's about the best deal you are going to get given the economic circumstances with the St. Clair West Protected Major Transit Station Area (PMTSA) in Fall 2025.


View attachment 704840
We should probably expect this to be the Staff Boilerplate solution on "Affordable Housing on Private Lands within PMTSAs" for the next year or so -

View attachment 704841
Good file to use for reference on other sites. Thx!
Click to expand...

We secured you as many affordable rental units as the proforma would allow, based on existing market conditions.
 
skorji said:
We secured you as many affordable rental units as the proforma would allow, based on existing market conditions.
Click to expand...
Yeah, it was NOT a complaint.

It was essentially an IZ deal without IZ being in effect, so as stated above - "That's about the best deal you are going to get given the economic circumstances with the St. Clair West Protected Major Transit Station Area (PMTSA) in Fall 2025."
 
Oh, I know. I just want to ensure everyone is aware that this is a priority for the project team. In other news, the item was approved this morning at Toronto and East York Community Council. Onwards and upwards.
 
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