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.
-
Trusted Developer
Montoro Developments brings a strong foundation of integrity, innovation, and craftsmanship to every project it delivers. With a mission to exceed expectations and enhance modern living, Montoro is known for creating thoughtful, well-executed developments that prioritize the needs of today’s end-users.
The company’s philosophy is rooted in honesty, loyalty, and a commitment to excellence. By collaborating with top-tier subcontractors and suppliers—ranging from skilled local artisans to established international firms—Montoro ensures each project meets the highest standards of quality and design. Their meticulous attention to detail and focus on lasting relationships make them a trusted partner in residential development, consistently delivering homes that stand the test of time.
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.
-
Discover modern urban living at The 30 Residences, an 8-storey building offering stunning views of Lake Ontario and the Niagara Escarpment, with 90 luxurious suites, entertainment spaces, co-working offices, and a design that supports Grimsby’s vibrant, walkable downtown community.
