380 Spadina Avenue

Exterior of 380 Spadina Ave. The ground floor unit is currently home to Uncle Jacobs Cycles.
KMCLT launched the Kensington Community Bond Campaign the year prior and set out to create an acquisition fund to support the purchase of our next building. We raised $1M within 8 months and had nearly 170 investors purchase a bond. With these funds, we were able to secure a sizeable donation and leverage funding from the City of Toronto to complete the purchase. We did not take out a mortgage from a bank to finance this purchase, meaning this building is community-financed and community-owned!
Continuing with our commitment to affordability and anti-displacement, residential tenants of this building received a rent reduction, and our commercial tenant will be able to continue to operate in the space without the fear of eviction.
KMCLT Board of Directors and staff celebrate the acquisition of 380 Spadina inside the second floor apartment. Photo by Ryan Rubin.