Beach Hill Residences

Completed: Build-Out

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Residential

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Address: 763 Woodbine Ave, Toronto

A purpose-built rental with impressive returns.

Carlyle acquired the site at 763 Woodbine Avenue, located on a prime corner in the highly sought-after Upper Beaches neighbourhood, with zoning in-place. Initially launched as a condominium development, sales stalled during the 2008 recession and Carlyle pivoted to changing market conditions by redesigning the project as purpose-built rentals. After the project reached completion in 2016, the building was successfully leased above pro forma rents. Upon market stabilization, the building was sold above pro forma valuation.

Property Submarket
Upper Beaches, Toronto
Total SM
4,985
Residential Suites
64
Architect
RAW Design
Storeys
7
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