Academy Condos Project Details
Academy Condos, also known as The Academy, is a strategic 26-storey residential development situated at the intersection of Ellesmere Road and Morningside Avenue in Toronto. Specifically designed to tackle the severe student housing shortage in the Scarborough academic corridor, the project is located steps from the University of Toronto Scarborough (UTSC), Centennial College, and the Scarborough Health Network (SHN) Centenary Hospital. Developed by LeMine Investment Group in partnership with Devron Developments, this purpose-built community provides a modern urban sanctuary for the over 15,000 students and faculty members in the immediate area. Although currently sold out, it remains a benchmark for high-yield, student-centric investment in the eastern Greater Toronto Area.
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Reasons to Buy*
CRITICAL STUDENT HOUSING SHORTAGE
The University of Toronto Scarborough (UTSC) hosts nearly 12,000 students, while Centennial College serves an additional 3,600 students annually. UTSC currently offers only 765 beds, which are reserved exclusively for first-year students, leaving over 14,000 students to compete for off-campus housing. UTSC attracts over 1,400 international students from 80+ countries annually, a demographic that fuels consistent, high-yield rental demand. The city’s crackdown on illegal rooming houses in the area has further concentrated demand for legitimate, high-quality residences like Academy Condos.
STRATEGIC INSTITUTIONAL LOCATION
Future residents are located directly next to both UTSC and Centennial College, eliminating long commutes from distant nodes like Scarborough Town Centre. Situated down the street from SHN Centenary Hospital, it attracts a secondary pool of medical staff, interns, and healthcare practitioners. Moments away from the $248 million Toronto Pan Am Sports Centre, providing elite fitness and swimming facilities to the student population.
TRANSIT & CONNECTIVITY
Seconds from the Highway 401 on-ramp, ensuring a fast connection to the rest of the GTA and downtown Toronto. Well-served by local TTC bus routes and within a short commute to the Guildwood GO Station and the future regional LRT expansions. Surrounded by large-scale grocery stores and big-box shopping centers, providing residents with all the essential urban conveniences.
NATURE & WELLNESS
Directly adjacent to the lush trails and scenic landscapes of Morningside National Park (Rouge National Urban Park). Offers students a unique environment where academic rigor is balanced by immediate access to Highland Creek Valley’s natural beauty.
FAQ*
Prior to selling out, launch incentives included a turn-key professional furniture package and a multi-year rental guarantee program. Early investors also benefited from capped development levies and free assignment rights, designed to provide a completely passive, cash-flowing investment asset.
The building remains a high-demand asset due to the projected arrival of 5,000 additional students at UTSC over the next decade. As one of the only modern high-rise options within walking distance of the campus, it maintains near-zero vacancy rates and commands premium rental prices in a supply-starved market.
Suites are optimized for academic life with durable finishes, custom stone countertops, and integrated stainless steel appliances. The amenity program was purpose-built for students, featuring group study rooms, quiet zones, a state-of-the-art fitness center, and high-speed internet lounges to support the needs of a modern university population.
Academy Condos Quick Facts*
Developer: LeMine Investment Group
Address: Ellesmere Rd, Toronto
Nearest Intersection: Morningside Ave & Ellesmere Rd
Pricing: Sold Out
Occupancy: Anticipated For 2019
Storeys/Suites: 26 Storeys / 339 Suites
Suite Types: One Bedroom – Three Bedroom Suites
Suite Sizes: TBA
Maintenance Fees: TBA
Deposit Structure: TBA
Incentives: 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
