Centurion Asset Management Inc. and LASH Group have officially broken ground on Radius Etobicoke, a new 22-storey purpose-built rental tower at 5507 Dundas Street West. The development will deliver over 250 rental homes and more than 12,000 square feet of ground-floor retail space to the growing Etobicoke community.
Prime Location and Connectivity
Situated steps from the TTC and with easy access to GO Transit and a direct airport shuttle from Kipling Station, Radius Etobicoke offers high-quality rental living and unmatched connectivity in one of Toronto's most transit-rich neighbourhoods, according to the developers.
Meeting Market Demand
The development comes at a pivotal moment for Toronto's housing market. As new construction has slowed across the city, Centurion and LASH Group are moving forward, combining Centurion's capital resources with LASH Group's development expertise to bring much-needed supply to market.
Stephen Marshall, Executive Vice President of Property Operations at Centurion Asset Management Inc., emphasized the growing need for rental housing: "Toronto has a real shortage of good rental housing, and that gap isn't closing fast enough. More and more people aren't just renting because they have to – they're choosing to, and they deserve buildings that reflect that choice."
Marshall added, "Etobicoke is a growing, well-connected community and we saw a real opportunity to invest here and work with LASH, at a time when a lot of capital is sitting on the sidelines."
Diverse Suite Options and Amenities
With 259 one-, two-, and three-bedroom suites featuring in-suite laundry, the building is designed for a broad range of residents, from young professionals to established households seeking quality rental living in a well-connected location.
Radius Etobicoke will offer a host of modern amenities, including a Business Centre with privacy pods, an outdoor children's play area, a theatre, a sports lounge, a gym, and a party room. The building also features an outdoor terrace with BBQs, all complemented by contemporary interior design.
Industry Perspectives
Larry Blankenstein, President and Chief Executive Officer at LASH Group, noted the strategic timing of the project: "A lot of developers have pulled back from purpose-built rentals right now – but we see a city full of people who need good places to rent, and a neighbourhood in Etobicoke that's been underestimated for too long. We're excited to be partnering with Centurion to bring quality rental homes to a community that's ready for them."
The two companies acknowledged that Radius Etobicoke reflects a broader shift in how Canadians think about home. With homeownership increasingly out of reach, renting has become a deliberate, financially sound choice for many residents.
Centurion's Chief Economist, Carl Gomez, commented on the cultural shift: "The traditional dream of homeownership is facing a significant reality check in Canada. We're seeing a clear pivot toward renting as a long-term lifestyle choice, where flexibility and mobility are prized over the old 'own vs. rent' debate. This cultural shift suggests Canada may be trending toward a more European model, where long-term renting is the norm rather than the exception. Radius Etobicoke is being built for exactly that renter, someone who isn't necessarily waiting to buy, but choosing to rent well."
Construction Timeline
Construction of Radius Etobicoke is currently underway, with completion expected in November 2028. For more information, visit www.lashgroup.ca.
