Scarborough Low-Rise Development
3351-3359 Ellesmere Road, Scarborough, Ontario
Total Units: 51
Status: Sales Launch
Equity Raised: $5,500,000
Estimated Completion Value: $43.1M
In 2022, Cranson Capital Securities Inc. completed a $5.5 million capital raise for the Textbook Towns Limited Partnership with Profile Developments to build a community of stacked townhomes in Scarborough on Ellesmere Road near Morningside Avenue, just south of Highway 401. Profile intends to develop 54 units at an average size of 1,115 square feet. The project is estimated to reach completion in 2026.
The development site is located within walking distance of both the University of Toronto Scarborough Campus and Centennial College. The University of Toronto has significant plans to expand and develop the current Scarborough Campus, including increasing the size of the campus by 60% and developing a multi-purpose transit hub.
Zoning, site plan, and demolition approvals were successfully secured in 2024. Sales are expected to commence in Q3 or Q4 2025, and construction is planned to start in Q1 2026.
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Fairview Towns is ideally situated just one block south of the rapidly evolving ConsumersNext district—home to the Consumers Road Business Park, Toronto’s second-largest employment hub with over 18,000 jobs. This vibrant, transit-accessible neighbourhood offers a rare balance of convenience and community. Families benefit from proximity to top schools like J B Tyrrell Senior Public School and Fairglen Junior Public School, while students are just a short commute from York University and Seneca Polytechnic College. Parks like Bridlewood and Clydesdale offer green space for pets and play, and five public libraries and local community centres provide enrichment for all ages. Daily essentials are within walking distance—including Food Basics, T&T, and FreshCo—while Fairview Mall, just 2 km away, offers nearly 200 retailers, dining options, and entertainment. With government investment fuelling job creation and urban renewal, Fairview Towns is not just a place to live—it’s a thriving, connected community to grow in.
