Harlo Capital and a partner acquired two multi-unit residential buildings located at 661-665 Huron Street in Toronto’s Annex neighbourhood. The partnership intends to improve and operate the current rental buildings and develop 6 units of laneway housing in the underutilized laneway at the rear of the existing buildings. This will help address the city’s rental housing shortage through an infill opportunity that features innovative re-imaging of space. The community also unlocks Toronto’s “missing middle”, which is the shortage of available housing options between single-detached homes and high-rise apartments/condominiums. The Annex neighbourhood is serviced by the Dupont subway station, borders the University of Toronto, and has long been known as Toronto’s student quarters. Land use approvals are in progress, with site plan approval expected by Q3 2023.