700 Sharp Road

700 Sharp Road, Tofino, BC

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Located within the District of Tofino approx. 2.5 km south of the village centre in close proximity to Chesterman Beach, this project is a partnership with the District of Tofino and the Tofino Housing Corporation.  The project features:

  • 99-year land lease via the Tofino Housing Corporation
  • 6 townhouses
  • 8 apartments
  • Anticipated completion: winter 2021

Status:

Under Construction

Catalyst Role:

Developer, Owner, and Operator

Affordability:

  • 100% of the homes will be offered at below-market rents

Financial Information:

  • Land provided by the District of Tofino on a long term lease
  • Social equity investments from Catalyst, District of Tofino
  • District of Tofino DCC contribution
  • CMHC Seed funding and Co-Investment fund contribution

Total Project Cost:

$4.6M

Rental Applications Begin:

Fall 2021.

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