COMMUNITY:
Rising on the shores of Toronto’s waterfront, Sugar Wharf is a community of extraordinary proportions. Spread over 11.5-acres, with homes, offices, shops, restaurants, school, daycare, park and more, it is designed to enhance the way you live. Anchored by a two- acre park, the community will be home to TDSB’s first vertically integrated elementary school. And with the PATH at its front door, the city is yours to explore. Sugar Wharf combines everything you love into the sweetest life you can imagine.
NEIGHBOURHOOD:
Steps from tranquil parks, public spaces, beaches, boardwalks, and even the Toronto Islands, at Lido you’re simply moments from all the wonders of the waterfront. Close to shopping, cafes, and restaurants, you will always be amid excitement. And as the community unfolds, new stores, galleries, markets, artistic adventures will entertain you for days.
AMENITIES:
Fun and relaxation live at Lido. A party room, well equipped fitness centre and stunning outdoor terrace, as well as a two-acre park, you have plenty of options for play, work, and entertainment. From hosting dinners to catching some rays, playing board games to working up a sweat, the amenities check all your want boxes.
SUITES:
The suites at Lido are thoughtfully designed. Addressing today’s needs with open concept plans, highly functional kitchens and relaxing baths, these suites are the home you seek.
- Interior Features: Quality appliances, including fridge, stove and dishwasher
- Quartz countertops
- Convenient on-site paid laundry facilities
- Smoke-Free Property
- Pet Friendly
| Unit Type | City of Toronto Affordable Rent Thresholds, 2024 |
Estimated Average Utility Allowances |
Lido Rent | Initial Household Income Limit |
|---|---|---|---|---|
| Studio | $1,427 | $107.30 | $1,319.70 | $68,496 |
|
1 Bedroom and 1 Bedroom with den |
$1,708 | $107.30 | $1,600.70 | $81,984 |
| 2 Bedroom and
2 Bedroom with den |
$1,992 | $138.30 | $1,853.70 | $95,616 |
| 3 Bedroom and
3 Bedroom with den |
$2,241 | $167.30 | $2,073.70 | $107,568 |
HOW DO I APPLY?:
Eligibility Criteria
- At least one member of the household is 16 years of age or older.
- At least one member of the household is able to live independently, with or without support services.
- Each member of the household is:
- a Canadian citizen, or
- a permanent resident of Canada or has applied for permanent resident status, or
- a refugee claimant or Convention refugee. - No Removal Order has become enforceable against any member of a household. (A Removal Order means you cannot legally remain in Canada and you must leave the country).
- No member of the household owes arrears to any social housing provider.
- At initial occupancy, total household income must not exceed four times (25%) the annual equivalent of the monthly occupancy cost for the unit. (NOA required)
- At initial occupancy, total household income must not be less then 35% the annual equivalent of the monthly occupancy cost for the unit.
- A credit score over 650 is required for each applicant on the lease.
- If a member of a household owns or has an interest in a residential property that can be occupied year-round, the household is not eligible for an affordable housing unit.
Please Note: Floor plan selection indicates your preference, but is not a guarantee for the specific layout or floor.
The deadline to submit an Application for affordable rental units at 99 Lake Shore Blvd East. in Sugar Wharf is by Friday September 30, 2022.
Random Selection will be conducted for unit type (studio, 1 bed, 2 bed, 3 bed) and is not unit specific.
Occupancy standards: Household must include a minimum of one person per bedroom, and couples must share a bedroom. no more than two persons per bedroom
Last tax years Notice of Assessment (NOA) issued by the CRA, is required for each household member for income verification. The NOA will be used to determine if household is at or below income threshold. Line 23600 of the NOA will be used.
Applications submitted after the deadline will NOT be accepted. Only one Expression of Interest per household. Duplicate or incomplete submissions will not be processed.
Only successful candidates will be contacted.
Please indicate if you have barrier free or accessible needs
Please be advised that applications are now closed and successful applicants will be contacted over the coming weeks
Note:
- Application deadline is 5:00pm on September 30rd, 2022.
- Only one Expression of Interest per household.
- Duplicate or incomplete submissions will not be processed.
- Only successful candidates will be contacted.
- We will be offering a total of 204 suites
- Occupancy is scheduled for Winter 2023
After all forms are collected and the random draw takes place, successful applicants will be contacted to proceed with the approval process.
Applicants will be required to complete and sign an Eligibility and Household Income.
Review Form and provide supporting documents for proof of income and status.
Applicants agree to have a credit check preformed on them.
Applicants will have 5 days to respond with the completed application and supporting documents. If you do not respond in those 5 days, you will lose your opportunity and the
next person in line will be given status.
Selection Process
Element Property Management will assign applicants a random number that generates a place on the applicant list for the new buildings. To ensure fairness, the City of Toronto will provide oversight of the selection process. This random selection applicant list will remain active for two years. Please note: Only one Expression of Interest per household. Duplicate or incomplete applications will not be processed.
a. When all the Expressions of Interest for Random Selection forms are collected, applicants will receive a randomly assigned position on the applicant list using an electronic system.
b. After a random selection applicant list is created, top listed applicants (depending on number of available units) will be contacted to proceed with the approval process for eligibility. Applicants will have five business days to respond with the completed Application for Affordable Rent Accommodation form. If you do not respond by the deadline, you will not be given another opportunity to apply for an affordable rental unit in Lido Residences, 99 Lake Shore Blvd East.
c. Applicants owing money arrears to any social housing provider are not eligible for an affordable unit.
d. Approved applicants will be notified about which units are available and given an opportunity to select these units by ranking them in order of preference. Element Property Management will try to offer applicants the units ranked as most desirable. However, there is no guarantee that applicants will receive their first choice. Approved applicants will be required to submit a last month's rent deposit within two business days of approval and complete signing the Residential Tenancy Agreement with Section 15.
e. Only approved applicants will be offered a unit. Therefore, applicants should NOT give notice to their current landlord until they have a completed, signed lease by all parties and the deposit has been paid.
f. If the applicant refuses the unit offered to them or does not complete the steps in the timeline as required, the applicant will not be offered another unit.
g. Order of preference for units will be within occupancy standards (household must include a minimum of one person per bedroom, and couples must share a bedroom. no more than two persons per bedroom) and not "most desirable"