Ashworth Square is a residential community with a large diversity and a unique history. This section of our website presents our history and what we stand for as a Co-op.
A Slice Of Our History
In 1970, a group of interested Toronto citizens banded together to form the Co-operative Habitat Association of Toronto. This group hoped to get a co-op housing movement going so that suitable housing could be provided on a non-profit basis to moderate and middle income people.
The United Church members were, at the same time, looking for ways to invest their money to help the housing problem. They decided that lending funds to Co-op Habitat would be a good way to meet their goals.
Canada Mortgage and Housing Corporation gave the project their support as well, and provided a mortgage of $2,610,000 to be paid back over a 40 year period. The United Church added a $100,000 interest-free loan over three years, and Vroom Construction Ltd. added the remaining $40,000 needed to cover the full cost of the building: $2,750,000.
In December, 1971, the first members moved into Ashworth Square Co-operative and started a new experiment in co-operative living. Recently the mortgage period ended and the co-op is now completely independent.
More Information
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Ashworth Square has a total of 152 units. 80 high-rise apartments and 72 stacked townhouses. The high rise has twenty (20) 1-bedroom units and sixty (60) 2-bedroom units.
The town houses are comprised of sixty-eight (68) 3-bedroom units and six (6) 4-bedroom units.
