Scarborough Low-Rise Development

2771-2773 Victoria Park Avenue, Scarborough, Ontario

Building Size: 109,000 Sq. Ft.

Total Units: 64

Status: Sales Launch

Equity Raised: $7,250,000

In 2023, Cranson Capital Securities Inc. launched a $7.25M capital raise for the Fairview Towns Limited Partnership with Profile Developments to build a community of stacked townhomes in Scarborough on Victoria Park Avenue and Huntingwood Drive. Profile intends to develop 64 residential units in a 4-storey stacked townhouse project.

Zoning, site plan and demolition approvals were successfully secured in 2024. The developer plans to demolish the existing building on the site in March 2025.

Pre-sales are expected to commence in Q3 2025, and the developer plans to start construction in Q1 2026.

Timeline of project phases from Q1 2023 to Q3 2027, including stages of capital raise, submitting application, approval, sales launch, construction, and profit sharing.