Developed by Cameron Stephens Equity Capital in partnership with Richmond Hill’s TFC Developments, the Towns of Lambton Mills are pushing back against “basically unlivable” sub-400-square-foot condo units, says Steve Cameron, president and chief operating officer of Toronto-based CSEC. “You can’t raise a family in that space, so we are offering up to four bedrooms at $665 per square foot. This price is made possible by the good deal we got on an infill site where no one will miss the industrial buildings that are there now.
” For comparison, the research firm Urbanation reports that the average asking price for a new Toronto condo fell to $1,361 per square foot in the first half of 2024, down 4.5 percent from the same period last year. The 58-unit freehold Towns of Lambton Mills will be built in a quiet tree-lined residential enclave “with a real sense of community and pride,” says Cameron, referring to the site near Dundas West and Scarlett Road, just south of the Lambton Golf & Country Club and steps north of the Canadian Pacific Railway’s Lambton Yard.
“You walk down Eileen Avenue and everybody’s grass is cut nicely, and everybody’s flower beds look beautiful.” While the Towns of Lambton Mills lack shared amenities, they build on the peacefulness of the area by widening and repaving the secluded cul de sac where the property is set, and by offering residents indoor parking below the units’ main floors that includes rough-ins for electric vehicle .