Starlight Tops Off New Donvale Commons PBR Project in Toronto

Starlight Tops Off New Donvale Commons PBR Project in Toronto
News| July 2, 2026| Monte Stewart
Canada + Apartment Buildings

Starlight Investments has topped off its new Donvale Commons purpose-built rental project in Toronto.

The infill development, located near Sheppard Avenue East and Don Mills Road on an existing Starlight property, will include a nine-storey apartment building and 48 rental townhome suites across three low-rise blocks. The project will offer a mix of studio, one-, two- and three-bedroom apartments, along with one- and two-bedroom townhomes, and is designed to expand rental housing supply while making use of underutilized land in an established neighbourhood close to Fairview Mall and Don Mills subway station.

“Infill development is playing an increasingly important role in expanding rental-housing supply,” said Howard Paskowitz, senior vice-president of development and public affairs at Starlight. “The Donvale Commons project demonstrates how we can thoughtfully add new, purpose-built rental homes within existing communities to help address growing housing needs, while continuing to invest for the long term in housing choice, quality and stability.”

Toronto Councillor Shelley Carroll said the project will help address the city’s housing shortage.

“Toronto needs more homes, and we need to keep finding ways to build them in communities that are already well-served by transit, parks, and local amenities,” said Carroll. “It’s encouraging to see Starlight advancing projects like Donvale Commons that will add much-needed rental housing while helping to create complete, connected neighbourhoods. Reaching this construction milestone is an important step forward, and I look forward to seeing the project continue to take shape and welcome new residents to Don Valley North.”

Residents will have access to amenities, including a rooftop terrace, fitness centre, party room, games rooms and co-working space. Future phases will add features such as a pet spa, parcel room, dog run and additional landscaped outdoor areas. The development will also include upgrades benefitting the property’s existing 221-suite rental building, including enhanced playgrounds, seating areas and other site improvements.

Donvale Commons is one of several Ontario infill rental projects underway or recently completed by Starlight. The recent completions include The Shoreview in Barrie and Ledbury Park Towns in Toronto, while 557 The West Mall in Etobicoke remains under construction. Upon completion, Donvale Commons will contribute to Starlight’s broader pipeline of thousands of new purpose-built rental suites planned over the coming decade, said the Toronto-based company.

Pictured: Starlight’s recently topped off Donvale Commons project in Toronto.

Photo: Starlight Investmenets

Pictured: Starlight multi-family project under construction in Toronto’s Etobicoke district.

Photo: Courtesy of Starlight

Other News

Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets

California & West + Apartment Buildings

 Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...

Learn more

Associated Bank Completes $17M Loan for Libertyville Apartment Acquisition

Chicago & Midwest + Apartment Buildings

Associated Bank announced the completion of a $16.5 million loan towards the $22 million total acquisition price of Eleven5 Lake Apartments at 115 Lake Street in Libertyville, Illinois. The property is a stabilized mixed-use property with 34 apartment units with 41 dedicated apartment parking spaces, and 25,147 square feet of ground-floor commercial space. The apartments...

Learn more

NYC Investment Sales Top $23 Billion in First Three Quarters of 2026

New York & Tri-State + Apartment Buildings

New York City investment sales reached $23.69 billion across 1,914 transactions in the first three quarters of 2026, up 9.1% and 7.9%, respectively, from a year earlier, Ariel Property Advisors reported. The year’s first half was especially strong, with dollar volume up 36% in Q1 and 31% in Q2, year-over-year. However, dollar volume in Q3...

Learn more
New call-to-action

Brokers

View All

Lenders

View All