Distrikt Capital and
Alterra are partnering on the development of two 31-storey condominium towers at
3064 Trafalgar Rd. in Oakville.
Distrikt acquired the greenfield site in 2017 for an undisclosed price from an unnamed private individual and took it through the entitlement process.
The two buildings will combine for more than 700 units, with about half of them being one-bedroom and one-bedroom-plus-den and the remainder divided among two-bedroom, three-bedroom and penthouse suites. Sizes will range from about 575 to 1,200 square feet.
The condos are expected to go on sale early in Q2 2023 and prices won’t be revealed until closer to that time. Sales are expected to be completed in three to six months, according to Alterra president and chief executive officer Rob Cooper, who anticipates a construction period of from 40 to 42 months after that.