6 x basement studios for 25-years at approx. ~812 per month (inflation adjusted).

Expect to see more of this kind of settlement - w/ fewer & smaller units for a shorter period of time at a deeper level of affordability under OPA 558.

LINK - https://www.toronto.ca/city-governm...nitiatives/definitions-of-affordable-housing/

More units, larger units for longer-period --- at a higher-rent to the owner --- is a better policy, but it would require more direct rent-subsidies from the government to cover the spread for the tenants.
View attachment 541836

In the scenario above, does rent control remain in effect for an occupied unit at the end of the 25 years, or can the developer automatically take the units full market?
 
In the scenario above, does rent control remain in effect for an occupied unit at the end of the 25 years, or can the developer automatically take the units full market?
Unknown, as it is not explicitly-defined in the public documents.

Assumption is that occupied unit remains at rent defined in the existing lease for the sitting tenant, but then reverts to market-unit rents upon vacancy in year 25+.
 
I cannot confirm that the motion below pertains to properties owned by this developer, but that would be my supposition:

Member Motion added at the last Council meeting:


1711546349206.png

I believe the intent here will be acquire all the properties on Laing adjacent to the existing park, that are not the subject of this proposal.
 

Resubmission on the SPA file with new architectural plans by Gluck Partnership.

Storey count has been revised to 8 with indoor amenity in that level. Height increased from 24.50 to 26.38m and total proposed bike parking increased from 253 to 274.

Updated visuals:
PLN - Architectural Plans - 4. Architectural Drawings_46-52LaingSt_June 20 2025-0.jpg
PLN - Architectural Plans - 4. Architectural Drawings_46-52LaingSt_June 20 2025-5.jpg
 
Could ultimately be moot as Percy Ellis haven't exactly been a mover and shaker in terms of construction starts lately, but this certainly got worse from an architectural perspective.
 
Ugg! This is the second one in this area taken away from Gabriel.

Both times, its been for the worse.

Someone tell Percy to just quit the game. To hire talent who do attractive designs and then sub them out for talent-less hacks is not the way anyone should do business; besides, Kingsett got there first and wants their business model back or royalties.
 
This is boring and uninteresting. It will also 'Kill' the attractiveness of Maple leaf park with shade and tree removal from the current lot and will add loads of traffic. Nothing appealing about this project period. I wish the city would purchase the whole lot and expand the park.
 
Does that rendering show basement apartment windows? Or are those windows for the lower level parking area?
 

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