Options For Homes is a non-profit condo developer with a building called ‘The Humber‘ under construction at 10 Wilby Crescent in Weston. To say that they are bullish on Weston is a bit of an understatement but they have a history of choosing and building in ‘up and coming’ neighbourhoods, calling themselves urban pioneers. Here is their take on the Weston neighbourhood.
The Humber, a 22-storey condo under construction at 10 Wilby is now 40% sold according to Options For Homes’ latest newsletter. Demand for parking spaces has exceeded supply (from the original 131) and OFH is planning to add another level of underground parking in response. This entirely non-smoking, (vaping allowed), building should be ready by 2021 or 2022.
OFH is offering a $500 reward to anyone referring someone who goes on to purchase a home in The Humber. Find out more here or in the latest OFH newsletter here.
Today, on a beautiful warm September morning, a crowd gathered to witness the first stage in the building of The Humber, an Options For Homes condominium – a symbolic demolition of the existing buildings on the site. The location at 10 Wilby Crescent is on a spectacular site above the Humber and across from Weston GO Station. OFH, a non-profit corporation has constructed many such buildings in the GTA.
A fair number in the crowd were future residents; I spoke to two excited purchasers; Cheyenne who will be moving from another part of Weston and Freddie, moving from North York. Both have bought 2 bedroom units in the building and are happy that they can purchase at a reasonable cost in such a natural location while being close to transit links.
Options for Homes CEO, Heather Tremain thanked Councillor Frances Nunziata for smoothing out obstacles to get the project under way and also for helping create a new parkette between The Humber and the existing Hickory Tree condos. It takes a lot of attention to detail to get a building project off the ground and this one was no exception.
Afterwards, a token demolition of existing buildings on the site took place.
Heather Tremain tells me that the project is already 40% sold and upcoming sales events are heavily subscribed so it’s likely that most units will be sold by November. Money made from the sale of homes goes towards building new projects and subsidizing future homeowners.
One minor quibble; the city of Toronto wants to encourage affordable housing yet charged this project (run by a non-profit corporation) $850,000 in development fees. That seems wrong.
The long awaited condo apartment building at 10 Wilby being built by Options For Homes will be launched to the public next month, OFH announced yesterday. The Wilby Crescent condo, aka, The Humber, will have 22 storeys and thanks to a no-frills design and its unique financing scheme, purchasing will be a more affordable option for people looking to buy a home. OFH is also touting the advantages of the location which includes convenient access to schools, extensive parkland, proximity to the GO / UP Express and south west views of the Humber and Raymore Park. Prices start at $350,000
Read more about The Humber from OFH’s newsletter here and from their site here.
Toronto City Council and its local equivalent, Etobicoke York Community Council is a strange beast. Its decisions often leave people scratching their heads. This time they’ve managed to do something right. You’d think it was an election year or something.
On July 4, the Community Council dealt with rezoning the land at 10 Wilby. Readers may remember that non-profit builder, Options for Homes has proposed a 22-story, 233-unit condo apartment building at that location. OFH prides itself on making home ownership affordable. What they do is supplement an owner’s down-payment by up to $75,000 so that the mortgage is reduced. When the owner eventually sells, OFH gets back their contribution along with a proportional increase if the apartment has appreciated in value. As a tradeoff, features like swimming pools and gyms are eliminated so that prices are held down.
The address of 10 Wilby is an interesting one as it is at the top of the Humber Valley with potential access to parkland and the Pan Am Path. Our longer term residents may remember it as the former site of the Ministry of Transportation licence office.
10 Wilby is above a curve in the river so views from the new building’s upper floors will be spectacular.
As an added bonus, Weston GO and UP Express stations are a short walk away.
In order to erect a building on the smallish Wilby site, a land swap was arranged with the business opposite so that there was enough room to meet code requirements. In rare and sensible use of Section 37 money, the Community Council on Wednesday approved rezoning and a plan that would see OFH donate and spend $800,000 in order to:
Make a cul-de-sac at the end of Wilby
Build a sidewalk along Wilby and connect it to Weston Road
Plant 25 new trees on the property and adjacent city land
Convert the Hickory Tree Road lands abutting the subject property to parkland conditions
Improve local parkland and connectivity of local parkland to the Humber River valley; and
Provide streetscape improvements along Wilby Crescent, Weston Road and Hickory Tree Road which comply with the Streetscape Manual and are to the satisfaction of the Chief Planner and Executive Director, City Planning.
Perform an archeological study
The Community Council also thought it would be prudent to warn purchasers that local schools may not be able to accommodate pupils from the building.
For readers who are puzzled by the site actually being on Hickory Tree Road yet having the 10 Wilby address; you’re not alone. The comments following this earlier article may help.
Incidentally, there was one dissenting vote opposing the rezoning amendment; that of Ward 7’s very own (and almost Brampton MPP), Giorgio Mammoliti.
Anticipating the impending legalizing of marijuana, Options For Homes announced on Friday that it will ban smoking anywhere inside or on the property of its new 22 storey condo apartment at 10 Wilby Crescent.
Non-smokers who live in apartments already may know that stale cigarette smell can drift insidiously through conduits and other gaps between apartments. The impending legality of marijuana has prompted OFH to get ahead of the game and ensure a smoke-free environment for occupants. Vaping will be allowed – so it’s not a complete ban.
Re-writing an existing condominium corporation’s declaration to ban smoking in a building is a major undertaking requiring an 80% vote of owners in favour. Options For Homes feels that starting off with a no smoking ban will put the condo board ahead of the game and make the issue up front so that purchasers can make an informed decision. OFH claims that 75% of prospective purchasers are more likely to purchase in a smoke-free building.
Apparently landlords of rental buildings can ban smoking in all or part of a building and a rental building can eventually become smoke free by requiring new tenants to not smoke. Existing tenancy agreements must be honoured but once the smoker leaves, landlords can insist on no smoking from the new occupants.
Options for homes believe that their new smoke-free building will be a first for Toronto. Read more here.