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TUK agrees Toronto site purchase for rental development
29 October 2026 | Land acquisition | Canada | 30 units | Development
The Bayview Avenue agreement would expand TUK's rental‑development pipeline in a neighbourhood dominated by owner‑occupied homes.
Key details
Asset type | Development |
Location | Toronto, Canada |
Capacity | 30 units |
Buyer | TUK Group |
Seller | Undisclosed |
Value | Undisclosed |
An architect has been appointed and preliminary designs prepared for a building with one- and three‑bedroom rental homes. The acquisition remains subject to closing, while development requires municipal review and approvals.
TUK intends to seek CMHC‑insured financing.
Strategic context
Bayview joins TUK's Lambton, Coxwell and McRoberts projects, taking its Toronto pipeline to four schemes at different stages of development. The company has also announced a Toronto housing partnership with Tempus Capital. Its long‑term ownership model links design decisions to future rental operations, with Bayview aimed at families and professionals near Sunnybrook.
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