589 Eglinton Avenue East Rentals Purpose Built Rental — Toronto Pre-Construction
589 Eglinton Avenue East Rentals is a planning phase pre-construction purpose built rental development by Terracap in Toronto's Davisville Village. Get pri…
589 Eglinton Avenue East Rentals Quick Facts
| Project Name | 589 Eglinton Avenue East Rentals |
|---|---|
| Developer | Terracap |
| Address | 589 Eglinton Avenue East |
| City | Toronto |
| Neighbourhood | Davisville Village |
| Region | Toronto |
| Building Type | Purpose Built Rental |
| Sales Status | Planning Phase |
| Storeys | 47 |
| Pricing | Register for pricing |
| Walk Score | 77 |
| Transit Score | 70 |
About 589 Eglinton Avenue East Rentals in Toronto
589 Eglinton Avenue East Rentals is a pre-construction residential development by Terracap at 589 Eglinton Avenue East in the Davisville Village neighbourhood of Toronto. The 47-storey project rises 160.8 metres and contains 467 suites. Architecture is by 6292. The location has a Walk Score of 77 and a Transit Score of 70. At 160.8 metres, 589 Eglinton Avenue East Rentals ranks #5 by height among 42 tracked projects in Davisville Village.
Key Highlights of 589 Eglinton Avenue East Rentals
CURRENT PROPOSAL — UrbanToronto (October 2026) reports that Terracap Management's purpose-built rental tower at 589–595 Eglinton Avenue East and 61–67 Mann Avenue in Midtown Toronto is growing from 40 to 47 storeys (160.8 m), with a redesign by KIRKOR Architects and Planners replacing TACT Architecture. A Minor Variance application by Sajecki Planning was conditionally approved in September 2026. The current plan contains 467 rental units (48 studios, 279 one-bedrooms, 93 two-bedrooms and 47 three-bedroom-plus units), with 10% proposed as affordable rentals. The proposal was first submitted in November 2022 at 35 storeys; an Ontario Land Tribunal settlement for 40 storeys was approved in 2024, with a final order in July 2025. Planning-stage rental proposal; construction and completion timing are not confirmed.
589 Eglinton Avenue East Rentals Renderings & Gallery
589 Eglinton Avenue East Rentals Floor Plans & Price List
Floor plans, the current price list and deposit structure for 589 Eglinton Avenue East Rentals are released to registered buyers first. Request the 589 Eglinton Avenue East Rentals floor plans and pricing.
Amenities & Finishes
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Location: 589 Eglinton Avenue East
589 Eglinton Avenue East Rentals is located at 589 Eglinton Avenue East, Toronto in the Davisville Village neighbourhood, Toronto.
- Walk Score: 77/100
- Transit Score: 70/100
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About the Developer: Terracap
589 Eglinton Avenue East Rentals is being developed by Terracap, with architecture by Kirkor Architects and Planners.
See all Terracap pre-construction projects.
How to Buy at 589 Eglinton Avenue East Rentals
- Register early. Allocation at 589 Eglinton Avenue East Rentals in Toronto is released to platinum brokerages before any public opening, so the best floor plans and lowest release pricing go to registered buyers first.
- Review the price list and deposit structure. Deposit structures for 589 Eglinton Avenue East Rentals are confirmed at each release and can differ for end users, investors and international buyers.
- Submit a worksheet. Worksheets rank your preferred suites or lots; they are not binding until the developer issues an allocation.
- Sign and use your cooling-off period. Ontario pre-construction condominium purchases carry a 10-day statutory rescission period for lawyer and lender review. Freehold purchases do not.
Closing Costs & Investor Notes for 589 Eglinton Avenue East Rentals
Budget beyond the purchase price at 589 Eglinton Avenue East Rentals: development and education levies (usually capped by amendment), Tarion enrolment, utility meter hook-ups, land transfer tax plus the Toronto municipal land transfer tax, HST treatment (the federal/provincial new-housing rebate applies to buyers who occupy or, for investors, the rental rebate applies with a one-year lease), and legal fees.
Assignment rights, rental-during-occupancy rights and capped levies vary release to release at 589 Eglinton Avenue East Rentals. Confirm each in the current agreement of purchase and sale before you sign.
589 Eglinton Avenue East Rentals — Frequently Asked Questions
Where is 589 Eglinton Avenue East Rentals located?
589 Eglinton Avenue East Rentals is located at 589 Eglinton Avenue East, Toronto in the Davisville Village neighbourhood.
Who is the developer of 589 Eglinton Avenue East Rentals?
589 Eglinton Avenue East Rentals is being developed by Terracap.
How much do units at 589 Eglinton Avenue East Rentals cost?
Pricing for 589 Eglinton Avenue East Rentals has not been publicly released. Registered buyers receive the price list first.
When is occupancy at 589 Eglinton Avenue East Rentals?
An occupancy date for 589 Eglinton Avenue East Rentals has not been announced yet.
How many units are in 589 Eglinton Avenue East Rentals?
589 Eglinton Avenue East Rentals is planned as a 47-storey purpose built rental development.
How do I get platinum or VIP access to 589 Eglinton Avenue East Rentals?
Circle Real Estate provides platinum access to 589 Eglinton Avenue East Rentals, including first access to floor plans, the price list and worksheet submission. Register on this page to be added to the VIP list.
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Last verified: 2026-11-07. Source: RedBricks project feed. Published by Circle Real Estate Brokerage. Prices and incentives are subject to change without notice. E. & O.E.