


Montoro The 30 LP
Purpose Built Rental Development
30 Niagara Street, Grimsby, Ontario
Gross Floor Area: 74,614 Sq. Ft.
Total Units: 90
Status: Raising
Maximum Offering: $4,000,000
Estimated Completion Value: $39.7 M
Montoro The 30 Limited Partnership is a purpose-built rental (PBR) project in the affluent, lakefront town of Grimsby, Ontario, one of the fastest growing communities in the Niagara region. Located 5 minutes from a proposed future GO station, the project is fully zoned and ready to begin construction in spring 2025. The mid-rise building will feature the use of pre-cast construction for time and cost efficiencies.
This project is part of the Cranson Capital Purpose-Built Rental Fund. For more information about this investment opportunity, please contact your Cranson Capital securities dealing representative.
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Experienced Developer with a Long-Term Vision
Toronto Standard offers a rare opportunity to invest with an experienced developer focused on long-term value creation. The team develops, builds, and owns professionally managed midrise rental buildings in Toronto, with a track record of delivering durable, thoughtfully designed housing in prime, up-and-coming neighbourhoods. Their projects are built to serve the needs of young professionals, families, and downsizers - offering lasting value for tenants and investors alike.
The Strength of Purpose-Built Rental
As a purpose-built rental (PBR) project, Montoro The 30 is well-positioned in today’s market. PBR developments provide stable, long-term rental income and are not subject to the volatility of the condo resale or pre-construction market. Professionally managed and designed with sustainability in mind, these buildings offer durable construction, efficient operations, and strong tenant retention—making them resilient assets in uncertain economic environments.
Market Conditions Favouring Rental Development
The current housing market strongly supports the shift toward rental-focused projects. As pre-construction buyers exit the condo market, demand is shifting toward well-located rental housing—creating a supply gap that PBR is uniquely positioned to fill.
Policy and Financing Tailwinds
Montoro The 30 benefits from strong government support and favourable financing. Recent initiatives—such as HST exemptions for new PBR developments, the elimination of minimum parking requirements, development charge reductions and deferrals, and rent control exemptions for post-2018 builds—enhance project viability. In addition, CMHC-insured financing of up to 95% of project costs significantly reduces required equity and improves overall return potential for investors.
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Located just steps from Geary Avenue, Toronto Standard is situated in one of the city’s most dynamic and rapidly transforming neighbourhoods. Once an industrial corridor, Geary has evolved into a vibrant cultural hub, home to art studios, craft breweries, distilleries, and a growing network of food producers and culinary destinations. The site is surrounded by established low-rise residential neighbourhoods and offers a walk score of 94, reflecting its exceptional access to local parks, transit, and community amenities. Just a 10-minute bus ride from Dufferin Subway Station, the area is also set to benefit from the forthcoming expansion of Geary Avenue Park—part of Toronto’s Green Line initiative—which will enhance walkability through widened sidewalks, green spaces, and new public amenities. This eclectic, well-connected neighbourhood offers the perfect balance of energy, character, and convenience for renters and long-term investors alike.

