This property sold out to 1180+ Canadians!

The Cliffside Condos

2328-2350 Kingston Road, Toronto, ON

The gateway to south west Scarborough and the home of the famous Scarborough Bluffs, Cliffside represents a unique mix of natural beauty and modern urban living. 2350 Kingston Road is LCH Developments’ third project in the Cliffside Village neighborhood and represents the continued commitment to shaping Cliffside into a walkable and vibrant urban village.

The Plan: The plan is to turn the land into a modern condo building within 36 months and sell the individual units. This project will bring new retail and live-work businesses to the Cliffside streets, along with eight floors of residential units.

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Financial Return



3 Years

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*The key numbers to explain how the Issuer has made this estimate are available within your addy account. Investments in this property are restricted to British Columbia, Alberta, Ontario, and Saskatchewan residents. Qualified members can invest from $1 and up to $2,500.

**This is the day when the Issuer completes a distribution, or the property exits — aka cash earned from doing zero things, aka #passiveincome. For this property, there is one Owners’ Day projected.

The Issuer


LCH Developments, established by two driven, first-generation Polish immigrant brothers, Michal and Lukasz Wywrot, is a forward-thinking real estate development company revolutionizing the Greater Toronto Area (GTA).

This grassroots business emerged from humble beginnings in 2007 with limited resources and capital at its disposal. Through the implementation of innovative investment strategies, the brothers successfully procured an array of properties using diverse approaches such as student rentals, rent-to-own, multifamily, conversion, and buy-rent-refinance. In 2013, the brothers ventured into the domain of real estate development by constructing custom homes and townhouses. By 2017, LCH had shifted its focus to the development of high-density mid-rise buildings, prompting the pursuit of community-building initiatives and other exciting growth prospects for the company.

LCH Developments is currently completing its first major mid-rise project, “Merge Condos”, which is set to become a new iconic landmark in the growing Scarborough Bluffs skyline. With the success of this project, LCH has five other mid-rise projects with over 1,200 units in the pipeline.

What sets LCH Developments apart is the management team’s unwavering will to become a leader in the GTA development community by creating true live-work-play communities. The company’s first ‘Lifestyle Business’, Merge Spaces, a vibrant coworking hub located right next to Merge Condos in Toronto’s Cliffside Village, is a testament to this philosophy.

The Dealer

Equivesto is on a journey to reimagine how private company investment and fundraising is done in Canada. They believe in a future where access to equity investments and opportunities are not limited by privilege or network. They look to design a tomorrow that is driven on community values and collaboration.

Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell their securities quickly or at all and the securities may be subject to resale restrictions. These investment opportunities may result in the loss of all or most of your investment. You may receive limited ongoing information about a company or an investment made through Equivesto. Please be aware that investments offered by third-parties through this Equivesto operated offering are risky. You may receive limited ongoing information about a company or an investment made through Equivesto.

The Reel

the highlights ✨

  • 194 Condominiums Units
  • 7 Live-Work Units
  • 7 Rental Units
  • 2 Commercial units
  • Brand New Building
  • Located on Kingston Rd
  • Walking distance to Scarborough GO

Near the Property

About Neighbourhood

Cliffside is a charming neighbourhood situated in Toronto, Ontario, Canada. Nestled close to the picturesque Scarborough Bluffs, this community offers residents a unique blend of natural beauty and suburban living. The boundaries of Cliffside encompass Kennedy Road to the west, St. Clair Avenue East to the north, Brimley Road to the east, and the stunning Bluffs along the lakeshore to the south.

During the post-World War II era, when there was a surge in population growth and the demand for housing, Cliffside emerged as a well-planned suburban housing subdivision in the early 1950s. This period witnessed the transformation of farmland into a modern and expansive residential area, catering to the growing needs of families. Notably, the southern part of Cliffside was formerly home to a golf course, adding to the neighbourhood’s unique history.

Nature enthusiasts and outdoor lovers will find solace in Cliffside, as it boasts an array of parks and green spaces. The waterfront and the Scarborough Bluffs provide a picturesque backdrop, offering residents the opportunity to enjoy scenic walks, picnics, and stunning views of Lake Ontario. Among the notable parks in Cliffside are Scarborough Crescent Park, Scarborough Heights Park, Midland Ravine Park, and the eastern portion of Bluffer’s Park. Bluffer’s Park, in particular, offers an array of amenities and is home to the renowned Bluffer’s Park Yacht Club.

For convenient transportation, the Toronto Transit Commission’s (TTC) bus system serves Cliffside, with several routes traversing the neighbourhood. Residents also have the advantage of easy access to GO Transit’s commuter rail lines, including Lakeshore East and Stouffville, through the nearby Scarborough GO station. This connectivity provides seamless travel options for both commuting and exploring other parts of the Greater Toronto Area.

Location in Toronto

Click here to view location on Google Maps

About Real Estate Market

Toronto Multifamily 2023 Outlook

The demand for apartments has increased due to a rise in immigration, a continued return to office, and high homeownership costs, causing a drop in the multifamily vacancy rate to pre-pandemic levels. The Pickering and Ajax submarket have reached near-full occupancy, and some parts of Etobicoke and North York also recorded ultra-low availability. Toronto is expected to see another surge in new settlers this year as the federal government plans to admit a record number of permanent residents. Elevated borrowing costs and short supply are expected to send rents higher despite the expected increase in apartment deliveries.

Total employment is projected to decrease by 1.3 per cent in 2023, resulting in a slight uptick in the unemployment rate. Of the 13,500 units under construction, roughly 45 per cent are expected for delivery in 2023, a 75 per cent increase from 2022, which is fueled by delayed completions of projects that started construction during the pandemic. Following a significant drop in 2022, the vacancy rate is expected to continue to trend down but register a smaller decrease in 2023. Healthy rental demand is expected to continue to put upward pressure on the average effective rent, which is expected to rise above $1,750 per month, a 20 per cent increase from the 2019 level.


2022 Overview

In 2022, construction activity fell from its peak seen in 2021 to a level that is consistent with its pre-pandemic trend. Approximately 40 percent of the deliveries were in Central and North Toronto, followed by 640 units in West Brampton. An increase in immigration and rapidly-rising home purchasing costs bolstered demand for apartment rentals, causing the metro’s multifamily vacancy rate to plummet below 2 per cent. The largest availability declines were seen in West Toronto, York and East. The average effective rent in the metro recorded its highest pace of growth since the onset of the pandemic, rising by $100 per month. This was the largest increase since 1990.

Sale volumes contracted in 2022 on the heels of rising borrowing costs, mostly in York, Oakville and Old Toronto. The largest decrease was recorded in the $10 million to $20 million category, with total dollar volume traded dipping 38 per cent below the previous year’s level. The average sale price advanced roughly 15 per cent to almost $360,000 per unit in 2022, which was one of the highest growth rates in Canada. The average cap rate remained relatively stable throughout the year, likely due to strong rent growth that boosted operating incomes. Toronto’s long-awaited Eglinton Crosstown LRT is expected to begin operations as early as this summer, improving livability in the surrounding area, and future investment is likely to occur.

How Do I Make Money?

You can make money in 2 ways:

  1. Sale of the Property: When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
  2. Rental Income: When tenants pay rent, additional cash flow can be passed back to investors in the form of a distribution.

Details are outlined in the Offering Documents for each property.


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