Wasaga Lux Condos: A Modern Community Minutes from Ontario’s Most Iconic Beach

TORONTO, ONTARIO – MAY 1, 2022 – AvranceCorp Developments, a Tarion-licensed Canadian real estate developer with a growing Ontario portfolio, proudly announces Wasaga Lux Condos, a signature mid-rise community designed to bring contemporary living to one of Ontario’s most desirable resort towns.

 

Situated just five minutes from the world-famous Wasaga Beach shoreline, Wasaga Lux Condos offers the best of both worlds; a tranquil, nature-rich setting with quick access to waterfront recreation, shopping, and dining.

 

Wasaga Lux represents our vision for a connected, sophisticated, and sustainable community,” said Samuel Babarinde, CEO and Founder of AvranceCorp Developments. “We’re building modern homes that reflect the spirit of Wasaga; vibrant, community-driven, and surrounded by natural beauty – while keeping lifestyle convenience at the forefront.”

 

Modern Living, Naturally Connected

 

Planned as part of a larger master-planned vision, Wasaga Lux Condos will feature two contemporary mid-rise buildings offering approximately 392 residential suites. Residents will enjoy resort-inspired amenities, modern design, and seamless integration with the surrounding environment; including nearby nature trails, forested green space, and scenic views of the Nottawasaga River area.

 

With proximity to Collingwood, Blue Mountain, and Highway 26, Wasaga Lux provides effortless access to recreation and essential amenities, appealing to retirees, professionals, and families seeking long-term value in a growing, Four-season destination.

 

A Legacy of Community-Driven Development

 

AvranceCorp Developments continues to expand its footprint across Ontario with communities emphasizing affordability, sustainability, and thoughtful urban design. Its portfolio includes developments in Ottawa, Meaford, London, and the Greater Toronto Area, each focused on long-term community and investor value.

 

“Every AvranceCorp project begins with purpose,” added Babarinde. “We aim to create spaces that enhance the lifestyle and economy.”

 

About AvranceCorp Developments

 

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

 

Media Contact

 

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888

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T City Townhouse and Condos Phase I and II — A Landmark Multi-Tower Investment Opportunity in North York

TORONTO, ON — OCTOBER 22, 2025 — AvranceCorp Developments (“AvranceCorp” or “the Company”), a Tarion-licensed real estate developer based in North York, Ontario, is pleased to announce T City Townhouse and Condos Phase I and II.

The development represents a significant expansion of the company’s T City mixed-use community and a compelling investment opportunity in one of the Greater Toronto Area’s most promising urban growth corridors.

“The plan for the first phase is on the way, which is townhouses,” AvranceCorp CEO and founder Samuel Babarinde said. “It could be 50 units, full townhouses, or 125 unit stacked townhouses on the south side of the property. Proceeding with 5 towers on the north side of the property, which could average 2,400 units.

“It’s going to be a lot of affordable housing through this project,” Babarinde clarified. “We have partnered with the city of Toronto to offer 20 per cent of the total unit as affordable housing. We’re going to be working with different non-profits as well, and we’re going to be offering a lot of exciting incentives to the public to enable the public to gain access to this development. We look to dedicate about three towers for rental, and the last two towers, as phase three, will be dedicated as condos.

“The essence of the entire development is to provide affordable housing both in terms of rental, and in terms of ownership, condominium to the public.”

Major New Development for a Growing Corridor

T City Condos Phase II will feature approximately 2,400 modern condominium suites across multiple towers, forming a dynamic and well-connected community that integrates residential, retail, and green spaces.

Strategically located near transit routes, the Humber River, and key arterial roads, the project offers residents urban accessibility while maintaining proximity to natural surroundings.

“T City Phase II represents a strategic growth opportunity for AvranceCorp and our investment partners,” Babarinde added. “With its scale, prime location, and alignment with Toronto’s demand for connected, livable condominium communities, we believe this project will deliver strong equity growth and sustainable returns over its development cycle.”

Project Highlights

  • Developer: AvranceCorp Developments (Tarion Licensed)
  • Project Type: Multi-tower condominium community with mixed-use elements
  • Location: 3100 Weston Road, North York, Ontario (Weston Rd. & Sheppard Ave intersection)
  • Number of Units: Approx. 2,400 residential suites
  • Current Status: OPA & Zoning Application (Pre-construction)
  • Estimated Occupancy: To be determined

Investment Strengths

Prime Location and Connectivity
Situated in North York’s evolving Weston Rd. & Sheppard Ave. corridor, the project benefits from robust transit access, strong neighborhood infrastructure, and ongoing municipal investments in housing and transportation.

Scale and Market Reach
The large-scale, multi-tower design enables a mix of unit types and price ranges, appealing to first-time buyers, investors, and downsizers alike — while also achieving cost efficiencies and resilience to market fluctuations.

Demand Alignment
The GTA continues to experience sustained demand for suburban condominium living in well-connected, transit-oriented areas. T City Condos Phase II is designed to meet that need, combining urban amenities with community-oriented design.

Design and Community Vision

The development will feature a blend of modern architecture, professionally landscaped public areas, and resident-focused amenities. Retail and commercial spaces at street level will bring added vibrancy to the neighborhood, while the community’s variety of suite layouts — including studio, one-bedrooms, and two-bedrooms with dens — ensures wide market appeal.

“We are committed to executing with quality, transparency, and efficiency,” Babarinde explained. “T City Condos Phase II reflects AvranceCorp’s long-term vision of building thriving, sustainable communities while delivering strong value for all stakeholders.”

Next Steps

T City Condos Phase II is currently undergoing municipal review, with detailed design and site planning underway. Marketing and pre-sales are expected to launch following key approvals, with construction to proceed in phased stages.

Forward-Looking Statements:
This release may contain forward-looking statements relating to the future performance of the T City Townhouse and Condos Phase I and II projects. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888

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Springbank Lux: A Landmark Boutique Condominium Project in London, Ontario

TORONTO, ONTARIO – DECEMBER 20, 2021AvranceCorp Developments, has announced its latest residential development, Springbank Lux, a nine-storey boutique condominium and townhome community located at 464 Springbank Drive in London, Ontario.

Set in the heart of London’s rapidly expanding west end, Springbank Lux will deliver a carefully curated mix of approximately 175 condominium suites, 11 luxury townhomes, and four ground-floor commercial units, blending urban convenience with contemporary design and riverside tranquility.

Construction is scheduled to begin in Spring 2026, with occupancy anticipated in 2028.

“Springbank Lux represents our commitment to creating thoughtfully designed communities that bring together architecture, livability, and long-term value,” AvranceCorp Developments CEO and founder Samuel Babarinde explained. “London is a city on the rise, and this project is a defining step in our expansion across Ontario’s high-growth urban markets.”

Each residence at Springbank Lux has been designed with modern living in mind — offering spacious open-concept layouts, premium finishes, floor-to-ceiling windows, and private balconies that take full advantage of the area’s natural beauty. Amenities are expected to include a fitness centre, indoor pool, lounge and entertainment areas, landscaped courtyards, and concierge service, establishing a new benchmark for boutique living in London.

Located just minutes from downtown London, the Thames River, and major transit corridors, Springbank Lux is ideally positioned to offer residents both serenity and connectivity. The project appeals to a broad range of homebuyers — from professionals and young families to investors seeking strong long-term growth potential in one of Ontario’s most dynamic housing markets.

“Springbank Lux is designed to reflect AvranceCorp’s ‘concept-to-creation’ philosophy — integrating every phase of development under one vision to ensure excellence, efficiency, and sustainability,” AvranceCorp vice president and partner Ravi Thakur added. “This development will be a cornerstone in London’s continued urban evolution.”

AvranceCorp is currently engaging with pre-construction investors and strategic partners as part of its development rollout. Early response to the project has been highly positive, with significant interest from both end-users and investors drawn to London’s strong economic fundamentals and the project’s boutique scale.

About AvranceCorp Developments

AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.

Media Contact

Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888

Previous Press Releases

Georgian Bay Terrace: A Landmark Boutique Development in Meaford, Ontario

TORONTO, ONTARIO – JANUARY 1, 2020 – AvranceCorp Developments Inc., one of Ontario’s emerging leaders in real estate development, is pleased to announce the upcoming launch of Georgian Bay Terrace, a premier five-storey boutique residential development located at 1 Legion Road in Meaford, Ontario.

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