Commuters might remember Toronto's decommissioned old, fumy Coach Terminal. In five years, some could call it home. The city announced the site's fate on Thursday, revealing it will be turned into a mixed-used development that will include new housing, a paramedics hub and a public plaza.
The terminal's two sites, located across the street from one another at 610 Bay St. and 130 Elizabeth St., will be home to two towers with 873 new rental units, 290 of which will be affordable housing, the city said in a statement.
Speaking with reporters at the terminal, Mayor Olivia Chow said the site will feature housing options for health-care workers and their families, though it's unclear how many of the affordable units will be dedicated to them. "I keep hearing health-care workers, the EMS workers..
.they said they can't afford to live where they work," Chow said. Could a new plan to get affordable housing in Toronto 'unstuck' work? The Bay Street homes are expected to be completed and leased out at the beginning of 2029, while homes on Elizabeth Street are expected to be leased at the beginning of 2030, the city said in a statement.
The general public could apply to live in some of the homes through a lottery, according to Andrew Joyner, a managing director at Tricon Residential. Rendering of 610 Bay Street and 130 Elizabeth Street showing what they look like post-construction (CreateTO) "All the units are integrated in a checkerboard throughout the community, as they should be, so r.
