M1 Regent Park Approved at 500 Dundas East

Toronto City Council has approved M1 Regent Park, a 413-unit, 35-storey mixed-use rental tower at 500 Dundas Street East. Council passed Zoning By-law 1057-2026 on July 30, 2026. The Daniels Corporation and Toronto Community Housing Corporation are developing the site, with Diamond Schmitt Architects as architect.

All 413 units are purpose-built rentals: 348 market-rate and 65 affordable. Fred Victor will own and operate the affordable units on floors 2 through 5. The unit mix is 37 studios, 237 one-bedrooms, 95 two-bedrooms, and 44 three-bedrooms. The tower rises 120.97 metres from a 5-storey podium, with 28,151 square metres of gross floor area, including 246 square metres of retail, and an FSI of 11.02.

Amenities include 620 square metres indoors, 443 square metres outdoors, and dedicated space for the affordable units. Parking comprises 89 residential spaces and 228 bicycle spaces.

The project is the final piece of the 20-year public-private partnership behind the Regent Park revitalization. It faced community pushback over height exceeding the Regent Park Secondary Plan vision. The site sits roughly 750 metres northeast of the future Ontario Line 3 Moss Park station.