Fairview Towns
Scarborough Low-Rise Development
2771-2773 Victoria Park Avenue
Scarborough, Ontario
Info
Total Units: 64
Equity Raised: $7.25 M
Estimated Investment Horizon: 4 Years
In 2023, Cranson Capital Securities Inc. launched a $7.25M capital raise for the Fairview Towns Limited Partnership with Profile Developments to build a community of stacked townhomes in Scarborough on Victoria Park Avenue and Huntingwood Drive. Profile intends to develop 64 residential units in a 4-storey stacked townhouse project.
Zoning, site plan and demolition approvals were successfully secured in 2024. The developer plans to demolish the existing building on the site in March 2025.
Pre-sales are expected to commence in Q2 2025 and construction is expected to start in Q4 2025.
The developer plans to start construction in Q4 2025.