The Neighbourhood Land Trust Acquires 12 Elm Grove Avenue

December 4th 2025 – New acquisition preserves permanently affordable rental units in one of Toronto’s most housing-pressured neighbourhoods

Toronto, December 03, 2025 – The Neighbourhood Land Trust (NLT), the charitable arm of the Parkdale Neighbourhood Land Trust, has acquired 12 Elm Grove Ave, securing 33 rental homes that will be preserved as permanently affordable housing for low-income households in Parkdale.

Supported through the City of Toronto’s Mult-Unit Residential Acquisition (MURA) Program, the acquisition marks NLT’s and continues its long-standing collaboration with the City to protect affordable rental homes and prevent tenant displacement. NLT has been a longstanding advocate of MURA, having undertaken its first pilot project that directly informed the development of the program back in 2021.

Located in the heart of Parkdale, 12 Elm Grove Avenue is a four-storey purpose-built rental building constructed in 1968. NLT’s community-owned portfolio will grow from 208 to 241 rental homes, representing meaningful progress toward expanding long-term housing affordability in Toronto. NLT will partner with The Neighbourhood Group Community Services (TNGCS) as the project’s housing operator, ensuring professional management and tenant services.

“This acquisition is another important step in our commitment to protecting affordable homes for low-income families across Toronto,” said Anita Prasad, Board President, The Neighbourhood Land Trust. “With the support of the City and our funding partners, we’re proud to continue building a community-owned housing portfolio that will keep Parkdale inclusive, stable, and affordable for future generations.”

Funding for the acquisition includes $6 million through the City of Toronto’s MURA program, an additional $1.5 million from an anonymous donor, and a mortgage provided by Vancity Community Investment Bank.

“The City of Toronto is preserving affordable housing and protecting renters in Parkdale. We are proud to announce a recent acquisition of 12 Elm Grove by the Neighbourhood Land Trust, supported by the City’s Multi-Unit Residential Acquisition (MURA) program,” said Olivia Chow, Mayor of Toronto. “As part of MURA, we are providing funding to preserve over 1,000 homes across Toronto, making sure these units stay permanently affordable for residents.”

 “We are proud to be working with the Neighbourhood Land Trust to support the acquisition of 33 affordable homes at 12 Elm Grove Ave,” said Gord Perks, Councillor, Chair of the Planning and Housing Committee at City of Toronto. “This acquisition highlights the importance of working with our nonprofit partners to preserve affordable housing in Parkdale.”

About Neighbourhood Group Community Services

The Neighbourhood Group Community Services is a social agency serving more than 45,000 low-income people and families in 30 locations across Toronto. With more than 1,000 staff and the support of over 700 volunteers, our free programs and services address the most pressing issues in our community: poverty, homelessness, mental health, unemployment, social isolation, substance abuse, conflict resolution, violence, youth alienation, and the settlement of newcomers.