Fengate Asset Management Advances Rental Housing Development
Fengate Acquires Prime Rental Development Site
Fengate Asset Management is thrilled to announce the acquisition of a significant rental development site positioned at 4–10 Beamish Drive. This strategic location is designed to enhance Toronto's growing multi-family housing market, particularly as it lies near the bustling Kipling Transit Hub.
Key Features of the Development
The future construction, set to commence in 2026, will showcase a 44-storey tower housing 509 residential units. This will accommodate a diverse range of living options from studio apartments to spacious three-bedroom suites. All units will be designed to foster a sense of community while providing modern, connected living experiences in one of Toronto's most dynamic neighborhoods.
Prime Location and Connectivity
With its prime location at the intersection of Dundas Street West, Bloor Street West, and Kipling Avenue, residents will have direct access to essential public transport, including TTC subway lines, GO Transit, and MiWay bus services. This ensures seamless connectivity across the Greater Toronto and Hamilton Area, vital for fostering community integration and accessibility.
Impact on Employment and Community
Joseph Mancinelli, the International Vice President and Regional Manager for Central and Eastern Canada, highlighted the project’s contribution to local job creation for skilled trades workers. He stated, “We are proud to partner on another development that will introduce more high-quality purpose-built rental homes.” This project showcases an ongoing commitment to enhancing quality of life while yielding positive outcomes for the community.
Integration with the Six Points Redevelopment Plan
The plans for 4–10 Beamish Drive align with the broader Six Points Redevelopment Plan initiated by the City of Toronto. This comprehensive initiative aims to revamp roadways and enhance pedestrian and cycling infrastructure while providing mixed-use destinations, such as the upcoming Etobicoke Civic Centre, which will host a library, art gallery, and childcare facilities. The enhancement of over 12,000 square meters of new parkland, including Dunkip Park, is also a significant element of this transformative project.
Sustainability Focus
In line with Fengate's commitment to sustainable urban development, 4–10 Beamish Drive will strive to meet the Toronto Green Standard for sustainable building design, aiming for LEED Silver certification. This not only supports eco-friendly practices but also contributes to improving urban living standards.
A Bright Future with Fengate
As Fengate embarks on multiple residential developments, with three already under construction in early 2025 and several more planned, the company remains dedicated to delivering high-quality, affordable rental housing solutions across Canada.
Media Contact Information
For additional information, please reach out to:
Matthew Ventura
Director, Communications and Marketing, Real Estate
Fengate Asset Management
Email: matthew.ventura@fengate.com
Phone: 416-432-6194
Frequently Asked Questions
What will the Beamish Drive development include?
The development will feature a 44-storey residential tower comprising 509 units ranging from studios to three-bedroom apartments.
When is construction expected to begin?
Construction is set to commence in 2026.
How does this project contribute to the community?
This project aims to create job opportunities for skilled trades workers and enhance living standards by providing a range of affordable rental options.
What are the environmental goals of the project?
The development targets LEED Silver certification and adheres to the Toronto Green Standard for sustainable building practices.
How does this sit within the larger city initiative?
The project is part of the Six Points Redevelopment Plan, which focuses on improving urban infrastructure and enhancing community spaces.
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