Condo-to-rental conversions
14 GTA pre-construction projects reported converted from condominium to purpose-built rental, newest first. Some rest on a single report; each project page says which sources support it. You can also filter the main table.
| Project | Builder | City | Status date | Units | Summary (as reported) |
|---|---|---|---|---|---|
| The Aston Residences (3180-3202 Yonge St) | Montcrest Asset Management | Toronto | Oct 2026 | 157 | Reported pivoting from a planned luxury condo to a 157-unit rental, with the plan approved by the North York Committee of Adjustment, per the Toronto Star (Oct 2026). |
| 389 Cleveland (383-389 Cleveland St) No presales reported | Hazelview Investments and Sierra Corporation | Toronto | Jun 8, 2026 | 217 | Originally planned as a condominium and converted to a 15-storey, 217-unit purpose-built rental (43 affordable units), which broke ground June 8, 2026, per Hazelview. No presales were reported. |
| The Dennis | Fengate | Toronto | Sep 3, 2025 | 448 | Reported repositioned from condo to rental, per STOREYS and CondoTrend (Sept 2025); the 448-unit rental (89 affordable) broke ground Sept 3, 2025, per Fengate and the City of Toronto. |
| 1613 St. Clair Ave W | Nova Ridge | Toronto | Sep 2025 | — | Reported shifted from condo to rental (300+ rental units) after acquisition by Clifton Blake, per National Post (Sept 2025). |
| Quayside | Dream Unlimited and Great Gulf | Toronto | Aug 28, 2025 | — | Reported shifted largely to rental, per The Globe and Mail (Aug 2025). |
| The Gallery Condominiums | Gattaca Developments | Toronto | Jun 2025 | 38 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). |
| 2992 Sheppard | 95 Developments | Toronto | Apr 2025 | 158 | STOREYS (Sept 2025, citing Urbanation) reported this project as converted from condo to purpose-built rental. The developer, 95 Developments, still markets it as a 158-suite condominium, and UrbanToronto (Aug 2026) also describes it as condo units. The conversion is reported, not confirmed. |
| Kennedy Circle Condominiums | Gable View Homes | Milton | Apr 2025 | 148 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by Halton Region. |
| 316 Junction Condominiums | Marlin Spring | Toronto | Dec 2024 | 283 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by UrbanToronto. |
| The Cliffton | Cliffside Homes | Toronto | Dec 2024 | 40 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by The Cliffton. |
| Daniels Keelesdale – Building J | The Daniels Corporation, DiamondCorp and Kilmer Group | Toronto | Sep 2024 | 62 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by UrbanToronto and Daniels Keelesdale. |
| Daniels Keelesdale – Building M | The Daniels Corporation, DiamondCorp and Kilmer Group | Toronto | Sep 2024 | 67 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by UrbanToronto and Daniels Keelesdale. |
| The RIV | Broccolini | Toronto | Sep 2024 | 388 | Reported converted from condo to purpose-built rental after presales, per STOREYS (Sept 2025, citing Urbanation). Also reported by Broccolini and RENX. |
| The Centricity Condos | Graywood Developments | Toronto | Sep 2024 | 594 | Reported converted from condo to purpose-built rental, per STOREYS (citing Urbanation); UrbanToronto reported the rental tower advancing (Jun 2025). |