Toronto Swansea Mews Redevelopment | 118.52m | 35s | TCHC | KPMB

Posting some highlight slides from FULL set of PDF slides as presented at the recent web meeting -



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Wow what, 5 Bedroom Units?

This is the first i've ever seen of this of any development in Toronto. I haven't had the time to look at unit layout plans, but this is quite something, especially if they are actually somewhat functional and livable units.
The 5-Bedroom Unit will mostly be in the Rent-Geared-to-Income (RGI) / Social Housing stream for low-income multi-generational families, few (if any) will end-up in the Market-Rental stream, but I look forward to seeing those MARKET-RENT rates in the early 2030's on a 1,388 sq ft / 5-Bedroom unit..?

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Here are some floorplate examples from the architectural plans for the tower units -


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Honestly, even once this TCHC development gets through the City Planning and Approvals process -- I don't know what kind of Federal / CMHC program would ever provide the financing to this kind of development project with only a 3-to-1 RATIO between the Rent-Geared-to-Income (RGI) units (154 units) and the Market-Rate units (495 units)..?

Probably a good place to insert the most recent 2024 stats on what TCHC average Rent-Geared-to-Income (RGI) unit rents actually are --

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