1233 Queen Street East

The 1233 Queen Street East project is a 9-storey co-living rental development located in Leslieville (~4km East of Toronto's downtown core) with 145 units consisting of both private/micro units and shared/co-living suites. The co-living model enhances the relative affordability of purpose-built rental market offerings by providing fully furnished, turnkey units with an all-in monthly rent rate that is materially below the cost of an equivalent traditional rental offering.

The Project will demonstrate robust ESG credentials by offering a low carbon operating footprint through the incorporation of a geothermal heating and cooling system. This value differentiation delivers a competitive financial advantage when compared to traditional multifamily living.

Core Development Group is a Toronto-based real estate development company with over $2.3 billion of project value in development. Through its joint venture partnerships and strategic associations with leading affiliate firms, Core creates unique urban developments that combine innovative architectural design with high quality construction.

High Projected Returns

The investment offers a remarkable targeted annual return of 25.1%, with a projected total return of $4.8 million on a $2.3 million investment, showcasing significant potential for high returns.

Downtown Toronto Location

The Project is located in Leslieville, ~4km east of Toronto's downtown core. The immediate area provides convenient access to essential amenities, all within a short walk, drive or transit ride.

Sustainable Offering

The project will provide a low carbon footprint via highly efficient energy systems (geothermal heating and cooling) and construction (low carbon materials, steel vs concrete construction) offering robust Environmental, Social and Governance (“ESG”) credentials.

Strong Expertise and Unique Value

Backed by Core Development Group and Woodbourne Canada Management, this project benefits from their proven track record in successful multifamily developments. The innovative co-living concept and sustainable features enhance the project’s appeal and marketability, providing a compelling investment proposition.