A significant development is underway at 39 Newcastle Street, situated at the southeast corner of Newcastle and Windsor streets in South Etobicoke, adjacent to the Mimico GO station. This project, initially spearheaded by Vandyk Properties, was placed under receivership in late 2023 due to financial challenges. In mid-August 2025, Osmington Gerofsky Development Corp filed new plans with the City of Toronto to advance the project on behalf of the court-appointed receiver. Osmington’s role is as an applicant; they have not assumed ownership of the property.
Project Overview
The proposal includes three rental towers:
- Tower A: 42 storeys
- Tower B: 39 storeys
- Tower C: 42 storeys
These towers will be constructed in two phases, offering a total of 1,578 residential rental units, comprising:
- 79 studios
- 1,033 one-bedroom units
- 303 two-bedroom units
- 163 three-bedroom units
Approximately 30% of the units will be family-sized, catering to larger households
Design and Amenities
Designed by TACT Architecture, the development features:
- A combined 1,139,198 sq. ft of gross floor area
- 5,490 sq. ft of non-residential space at grade
- 50,956 sq. ft of amenity space, evenly split between indoor and outdoor areas
- 425 vehicular parking spaces
- 592 bicycle parking spaces
- A new privately owned public space (POPS) along Windsor Street, enhancing the streetscape
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Location and Connectivity
The site is strategically located near the Mimico GO station, providing residents with convenient access to public transit. Additionally, the development plans include:
- New bi-directional cycling lanes on both frontages, connecting to the Royal York bike lane and the broader Mimico-Judson network
- Proximity to local bus routes, including the 80B Queensway and 76B Royal York South
Urban Integration
The development aims to integrate seamlessly into the surrounding community by:
- Providing a transition in building height from the Mimico GO station to the established residential neighbourhood to the northwest
- Incorporating retail spaces at grade to activate the streetscape
- Creating an internal courtyard that encourages community interaction and enhances the urban experience
Final Thoughts
The redevelopment of 39 Newcastle Street is shaping up to be one of Mimico’s most transformative projects, redefining the area’s skyline and community character. Its strategic location near the Mimico GO Station ensures residents will have unmatched access to transit, connecting them quickly to downtown Toronto and surrounding neighbourhoods. Beyond its convenience, the project’s thoughtful design emphasizes livability, with expansive indoor and outdoor amenity spaces, a centrally located courtyard, and a privately owned public space (POPS) that encourages social interaction and community engagement.
The mix of unit sizes—from studios to three-bedroom apartments—demonstrates a commitment to serving a broad range of residents, from young professionals and small families to larger households. Ground-floor retail will activate the streetscape and bring local services, cafes, and shops to the neighbourhood, complementing Mimico’s existing urban fabric. Additionally, the integration of cycling lanes and parking facilities reflects a modern approach to sustainable urban living, making it easier for residents to combine transit, biking, and driving as needed.
This development also marks a turning point for the broader Mimico area. As more transit-oriented projects emerge, residents can expect increased connectivity, improved streetscapes, and enhanced neighbourhood amenities. Osmington Gerofsky’s careful planning ensures that density is balanced with livability, respecting existing communities while introducing a vibrant, contemporary urban environment. For prospective residents, investors, and local stakeholders, 39 Newcastle Street is more than just a multi-tower rental complex—it is a landmark that will influence the future of Mimico for years to come.
Once completed, 39 Newcastle Street will not only provide over 1,500 rental units but also contribute to the ongoing transformation of Mimico into a dynamic, well-connected, and modern community hub. Investors, residents, and local stakeholders are eagerly anticipating the impact of this ambitious project, which promises to set a new standard for transit-oriented developments in Toronto.
