Project Details

Academy Condos – Located at 3070 Ellesmere Road next to the University of Toronto-Scarborough, Centennial College and down the street from Rouge Valley Centenary Hospital. The site is down the street from a $248 million Toronto Pan Am Sports Centre opening soon, Grocery Stores, Big Box Shopping, Morning side National Park, close to the 401, Public Transit and the GO.

This Project is Sold Out.


Reasons to Buy*

Rental Demand
The University of Toronto Scarborough is in the middle of a student accommodation shortage. Currently there are nearly 12,000 students at the University of Toronto and 3,600 students at Centennial College. Off campus housing is going to be crucial as the university only has 765 beds (which are solely available for first year students). As of now students are going as far as Scarborough Town Centre in order to find acceptable accommodation and then taking public transit to school. Due to the limited supply for student rental properties, rental rates are actually anticipated to increase significantly.

Student Accommodation Shortage
The University of Toronto Scarborough currently has over 12,000 students and a projected increase of 5,000 students over the next two decades. Currently there are only 765 beds available for on campus student housing which is solely available for first year students. The city is actually cracking down on the number of illegal rooming houses around the campus which is only going to build up the demand. Furthermore, the University of Toronto Scarborough has over 1400 international students from over 80 countries and is attracting an increasing number annually which is only going to fuel the demand for alternative housing options. The Academy Condos will aid in providing a solution for the shortage and we can expect to see a great return in the process.

Quick Facts*

Developer: LeMine Investment Group
Address: Ellesmere Rd, Toronto
Nearest Intersection: Morningside Ave & Ellesmere Rd
Pricing: Sold Out
Occupancy: Anticipated For 2019
: 26 Storeys / 339 Suites
Suite Types: One Bedroom – Three Bedroom Suites
Suite Sizes
Maintenance Fees
Deposit Structure
: VIP Pricing & First Access to the Best Availability, Capped Development Levies, Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
Suite Finishes: Laminate Flooring, Stone Kitchen Counters, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer
Building Amenities: TBA

MIB Incentives*

Developer Approved Platinum VIP Brokers
Absolute First Access to Pricing and Floorplans
The Very Best Incentives & Promotions
Extended Deposit Structure
Capped Development Levies
Right of Assignment
Free Lawyer Review of your Purchase Agreement
Free Mortgage Arrangements