A brand new neighbourhood is set to transform a vast stretch of Toronto’s waterfront. Waterfront Toronto has approved an agreement with Dream Unlimited Corp and Great Gulf Group to bring the city’s new Quayside community to life.

The 12-acre site is located on the waterfront at the foot of Parliament Street and Lake Shore Blvd East.

It will be “Canada’s largest all-electric, zero-carbon master-planned community,” according to Waterfront Toronto.

When it’s all said and done, Quayside will no longer be just a plot of vacant land but a “community for residents and visitors to live, work and play,” said Waterfront Toronto in a news release.

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Image via Waterfront Toronto

One of the key features of this new neighbourhood is that it will be home to over 800 affordable residential units, many of them consisting of two or more bedrooms to accommodate families.

The affordable housing units will be built in each phase of the development so that residents can start moving into them as soon as possible.

Image via Waterfront Toronto

Quayside will also have 3.5 acres of public space, including a “car-free green oasis” that will extend from Parliament Street to Bonnycastle Street.

The community will be outfitted with low-carbon developments and innovations to make it the first-ever community of its size to be all-electric and zero-carbon.

The buildings on the property are set to be “a visually striking focal point on Toronto’s waterfront,” which is clear from the renderings supplied by Waterfront Toronto.

Image via Waterfront Toronto

Waterfront Toronto CEO George Zegarac says that Quayside will be a “world-class” community. “Quayside will be a community that is dynamic, inclusive and resilient.”

There are so many transformations happening in the city over the next several years. A sprawling new neighbourhood called The Well is springing up on the western side of Spadina Avenue from Wellington to Front, with office towers, luxury condos, a market, and a stunning retail centre.

Image via Waterfront Toronto

Plus, there are countless new developments in the works for Toronto’s waterfront, including nature escapes, a floating restaurant, a first-in-Canada “destination playground,” and much more.

It seems like Toronto’s skyline will be unrecognizable a decade from now, and we’re excited to see it all unfold.