Affordable Rental Suites At 235 Balliol
One bedroom, two bedroom, and three bedroom affordable suites will be ready for occupancy September 1st, 2026. Enjoy living in a brand-new building located in the vibrant Davisville Village community.
Please make sure that you review and understand the Eligibility and Frequently Asked Questions sections on this page before submitting an online Expression of Interest for Random Selection.
Please read the full eligibility criterion below for Affordable Housing Rental Suites.
To qualify for an Affordable Housing Rental Suite, an applicant’s household annual net income cannot exceed four times the annual rent of the suite they are applying for.
Please see the table below for income limits for the Affordable Rental Suites at 235 Balliol:
Bedroom Size | * Monthly Rent |
|---|---|
1 Bedroom | $1,651.00 |
2 Bedrooms | $1,898.00 |
3 Bedrooms | $2,179.00 |
* The rents are subject to rent increases as per Rent Increase Guidelines.
Income
Under the Affordable Housing Program, affordable housing rental units are given only to those households that meet the specified program income criteria before the household’s move-in date. Under the terms of our agreement with the City of Toronto, Park Property Management must confirm the applicant’s income is at or below the initial income limit.
This means that an applicant’s household’s net income must be at or below four times the annualized monthly rent for the affordable housing rental unit.
Monthly rent is the total monthly rent payable to Park Property Management for a suite. It does not include charges for utilities, parking, cable, internet, telephone or any other like charges.
Utilities (hydro, heat, water, and hot water) are not included in the monthly rent. Hydro, heat, water are separately metered and paid to the utility provider directly by the household. The monthly rent will be reduced by a utility allowance determined by the City of Toronto. This allowance is published on the City’s website.
Initial income limit means a household’s net income that is at or below four times the annualized monthly rent for the affordable housing rental unit that the household is applying for.
Calculation Guide
For affordable housing rentals, Park Property Management only documents and determines the household income once. This happens before the household moves into the affordable housing rental unit.
To calculate eligibility for, please refer to the following calculation guide:
If the rent is $1,500 per month, the maximum annual household income limit to be eligible for the unit is, $1,500 x 4 x 12 Months=$72,000. Therefore, the applicant’s annual household income must be at $72,000 or less to meet the income criteria for this example.
Note: The total household income is calculated by adding the income of all members of the household who are aged 16 years or older. Members who are attending a Recognized Educational Institution as a full-time student would be excluded from the household income.
Occupancy
The household must include a minimum of one person per bedroom, and couples must share a bedroom. No more than 2 persons per bedroom.
At least one member of the applicant household must be at least 16 years old and have legal status in Canada. They must be either:
a Canadian citizen;
a permanent resident of Canada or an applicant for permanent resident status; or
a refugee claimant or Convention refugee.
Applicants in Canada under a student/visitor visa or work permit are not eligible for an affordable housing unit under this program.