The Ontario government has announced plans to partner with the City of Toronto and Habitat for Humanity GTA to build 33 modular homes in a six-storey condominium building at 355 Coxwell Avenue.

The City of Toronto identified the site as part of its commitment under the Ontario-Toronto New Deal to make use of surplus properties appropriate for the construction of below-market, attainable modular homes.

“Ontario is continuing to take action to build more homes faster and help people find a home that meets their needs and their budgets,” said Rob Flack, Minister of Municipal Affairs and Housing. “This innovative project will help drive forward our plans to support Ontario’s modular homebuilding industry and make use of surplus government lands to get more shovels in the ground.”

Home prices at 355 Coxwell Avenue will be set to reflect amounts that are attainable for households with income between the 60th and 70th percentile in the City of Toronto. Homes will be sold at fair market value with a maximum purchaser contribution of $500,000 in 2025, indexed to future annual inflation levels.

“Homes need to be more affordable,” said Olivia Chow, Mayor of Toronto. “That is why the city is investing more than $4.8 million to build 33 modular homes and keep expanding affordable housing across Toronto. This partnership with Habitat for Humanity and the province shows what we can achieve when we work together.”

Preparations for construction are currently underway at the Coxwell site. Sales are expected to begin early next year, with the homes ready for occupancy by mid 2027.

Ontario is investing $10 million in the project. Of the 33 modular homes, 22 will be large enough to accommodate families.