Starlight Investments Tops Off 160-Unit Donvale Commons Rental Development in Toronto

TORONTO, ON — June 24, 2026 — Starlight Investments has reached the topping-off milestone at Donvale Commons, a purpose-built rental development under construction near Sheppard Avenue East and Don Mills Road in Toronto. The milestone marks the completion of the building's highest structural point and signals the transition into final phases of construction as the project works toward delivering 160 new rental homes.

Situated on the grounds of an existing Starlight-owned rental property near Fairview Mall and Don Mills subway station, Donvale Commons forms part of Starlight's infill development strategy to expand rental housing supply by leveraging underutilized land within its existing residential portfolio.

Project Overview: Mid-Rise Residence and Townhomes

The Donvale Commons development consists of a nine-storey rental residence together with 48 rental townhome suites across three low-rise blocks, for a combined total of 160 new rental units. The mid-rise building will offer a mix of studio, one-, two-, and three-bedroom suites, while the townhome blocks will feature one- and two-bedroom layouts. The new construction complements an existing 221-suite rental residence already located on the property.

The development is designed to support a range of resident lifestyles. Planned amenities include a rooftop terrace with seating areas, barbecues, a gas fire pit, and an outdoor television, as well as a party room, fitness centre, games rooms, and a co-working space with a conference room and quiet pods. Additional amenities planned for future phases include a pet spa, a dedicated parcel room, a lobby living wall, an art nook, a dog run, and landscaped seating areas.

Site-wide improvements are also planned to enhance the broader rental community, including new playground areas, landscaped seating, and other outdoor upgrades that will benefit both new and existing residents on the property.

Donvale Commons Forms Part of Starlight's Infill Development Strategy

Donvale Commons forms part of Starlight Investments' infill development strategy, which focuses on reimagining underutilized land across its existing residential portfolio to address the need for new purpose-built rental housing in Ontario.

"Infill development is playing an increasingly important role in expanding rental housing supply," said Howard Paskowitz, Senior Vice President, Development and Public Affairs, Starlight Investments. "The Donvale Commons project demonstrates how we can thoughtfully add new, purpose-built rental homes within existing communities to help address growing housing needs, while continuing to invest for the long term in housing choice, quality and stability."

City of Toronto Councillor Shelley Carroll also commented on the milestone. "Toronto needs more homes, and we need to keep finding ways to build them in communities that are already well-served by transit, parks, and local amenities," Carroll said. "It's encouraging to see Starlight advancing projects like Donvale Commons that will add much-needed rental housing while helping to create complete, connected neighbourhoods. Reaching this construction milestone is an important step forward, and I look forward to seeing the project continue to take shape and welcome new residents to Don Valley North."

The Don Mills–Sheppard location is transit-accessible, with residents having access to TTC subway, bus, and GO Transit services, as well as nearby retail, parks, and community amenities.

Momentum Across Starlight's Ontario Infill Pipeline

Donvale Commons is one of several infill rental developments currently underway or recently completed by Starlight Investments across Ontario. Recent completions include The Shoreview in Barrie and Ledbury Park Towns in Toronto. The firm's 557 The West Mall project in Etobicoke is also under construction and recently reached its own topping-off milestone.

Starlight Investments is a privately held real estate investment and asset management firm headquartered in Toronto. The firm manages over 70,000 multi-residential suites and more than seven million square feet of commercial property space, with approximately CAD $30 billion in assets under management. Upon completion, Donvale Commons will contribute to Starlight's broader development pipeline, which the firm says is positioned to deliver thousands of new purpose-built rental suites over the coming decade.

Sources: Starlight Investments — Topping Off of Major Infill Rental Development in Ontario (June 24, 2026)