Huntingdale Towns

Scarborough Low-Rise Development

3051 Pharmacy Avenue, Scarborough, Ontario

Building Size: 109,000 Sq. Ft.

Total Units: 81

Status: Funded

Equity Raised: $8,400,000

Estimated Completion Value: $69.3 M

In November 2019, Cranson Capital investors invested approximately $8.4 million into the Huntingdale Towns Limited Partnership (the "LP"). The LP acquired the retail plaza at 3051-3079 Pharmacy Avenue and entered into a Development Management Agreement with Profile Developments to build 81 townhomes on the site. The development is built on a 1.76 acre site, close to several amenities including parks and shopping facilities. The development is in the immediate vicinity of a TTC stop and is minutes away from Highway 404 by car.  

Construction is complete with remaining inventory available for purchase.