Ironwood Towns
Oshawa Low-Rise Townhouse Development
1569 Simcoe Street, Oshawa, Ontario
Building Size: 271,000 Sq. Ft.
Total Units: 125
Equity Raised: $5.2 M
Estimated Completion Value: $14 M
In October 2018, Cranson Capital investors closed on a $5.2 million investment in the 1569 Simcoe Street North Limited Partnership for the purpose of completing a townhouse development in North Oshawa built by Podium Developments. In 2020, Ironwood Townhomes was named Community of the Year by the Durham Region Home Builder’s Association. The development has received extensive recognition as a leader for innovation, recently recognized by the Central Lake Ontario Conservation Authority for efforts in rehabilitation work done to the Oshawa Creek on the development site.
Following the final closing of all units on December 15, 2022, the project successfully repaid the entire construction loan and returned investors' capital in early 2023.
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Located in North Oshawa, this community is surrounded by hundreds of acres of protected conservation land, forests, and parks—offering an abundance of natural beauty and outdoor recreation. Cedar Valley Conservation Area sits directly across the road, with additional local parks scattered throughout the neighbourhood. The nearby Legends Centre provides fitness programs and a full gym, while seasonal farmers' markets add to the area’s vibrant, local charm. Just minutes away, the upcoming 1.5 million sq. ft. Windfields Farm RioCan Shopping Centre will bring extensive retail and services to the community. Residents also benefit from proximity to top-tier education, with Durham College and Ontario Tech University located right across the street. For shopping and entertainment, the Oshawa Centre, Tribute Communities Centre, and downtown Oshawa are all close at hand. Commuters enjoy easy access to GO and VIA Rail stations, while Lake Ontario’s scenic trails and beaches are only a short drive away.
