This week, Globizen announced a new acquisition for our Flats division: 571 Oakwood Avenue in Toronto.
This is an exciting moment for us because it marks the first project in our strategy of unlocking underutilized urban sites to create thoughtfully crafted, design-forward rental homes in walkable, transit-oriented communities across Toronto.
The mission is simple:
- Fill a Housing Need: We believe there’s a gap in the market for spacious, well-designed, family-oriented rental homes at accessible price points.
- Support Toronto’s Urban Evolution: We believe that Toronto is at a unique turning point in its urban history, transitioning from a monocentric downtown surrounded by low-rise suburbs to a polycentric city that fundamentally rethinks its relationship to the car.
- Invest in Renewable Energy: Canada needs more clean energy capacity. We see this as an opportunity to create a decentralized renewable energy asset alongside our communities.
Globizen Flats is a response to these beliefs.
Check out the full post in the Globizen Journal. You can also subscribe and follow Globizen Flats (@globizenflats) on Instagram.
As an aside, I initially created the above toilet image as a joke. It’s a photo of the bathroom in the existing house on site. But my partners thought it was cool and that we should share it publicly, so here we are. I bet that toilet was the neatest thing when it was first installed.