Investing Together, Growing for Generations.

A Toronto-based real estate investment and development firm building purpose-built rental housing and transit-oriented communities across the Greater Toronto Area.

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$1B+Active & completed

1,500Units in development

$100MAUM

10%Of profits to charity

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About Almega

We are committed to becoming Canada's largest residential real estate owner.

Almega is a Toronto-based real estate investment and development firm focused on purpose-built rental housing and opportunistic acquisitions. With over 1,500 units in its pipeline, the firm manages $100M+ in equity and $1B in assets under development. We are committed to long-term value creation.

Our Approach

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Portfolio

Current developments

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Under Construction · Downsview

Industrial Meets Elegance

824 Sheppard Avenue

Toronto, ON

The site was acquired in April 2020 and achieved official plan and zoning amendment approval in April 2022 for 309 units totalling 220,000 sq. ft. of residential/commercial mixed-use density. The development features a midrise building with 12 storeys fronting Sheppard Avenue West and 6 storeys fronting Cocksfield Avenue. Construction began in September 2025, with occupancy expected in May 2028.

309Units

220KGFA (sq. ft.)

1.19 acSite area

Apr 2020Acquired

Apr 2022Rezoning approved

Sep 2025Broke ground

May 2028Expected occupancy

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Under Construction · Cooksville

Urban Excellence Redefined

60 Dundas Street

Mississauga, ON

Acquired in 2021, 60 Dundas Street East is a 2.65-acre site in the heart of Mississauga's Vision Cooksville growth area, steps from the Hurontario LRT and Cooksville GO Station. In January 2025 the site received official plan and zoning by-law amendment approval for three residential towers of 32, 31 and 16 storeys, totalling approximately 746,000 sq. ft. Phase I, a 32-storey purpose-built rental tower with 316 units, broke ground in July 2026, with occupancy expected in July 2029.

746KGFA (sq. ft.)

2.65 acSite area

3Towers

2021Acquired

Jan 2025Rezoning approved

Jul 2026Broke ground

Jul 2029Expected occupancy

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Greater Toronto Area

Completed Projects

Founded in 2011, Almega has spent 15 years acquiring, developing and managing real estate across the Greater Toronto Area — part of more than $1 billion in active and completed projects.

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860 College Street Toronto
140 Springhurst Avenue Toronto
57 Tenth Avenue Toronto
1 Kingswood Road Toronto
3610 Mavis Road Mississauga
2316 Queen Street East Toronto

Where We Build

Building where
the region is growing.

We invest in transit-anchored places where new infrastructure, parkland and density are coming together. Downsview and the Hurontario corridor are where our current developments sit, and more of our pipeline follows the same approach.

Greenway rendering, Downsview West District

Toronto · Downsview

Living beside Toronto's Central Park

824 Sheppard sits at the edge of the Downsview transformation — the former airport lands being reimagined as a series of new neighbourhoods wrapped around the 291-acre Downsview Park, with a direct subway connection to downtown via Sheppard West station.

Downsview Park291 acres of parkland
Sheppard West StationLine 1 subway
Downsview West DistrictMaster-planned new community

Square One District rendering, Mississauga

Mississauga · Hurontario Corridor

A city centre in the making

60 Dundas Street East anchors Vision Cooksville on the Hurontario corridor, linked by the Hurontario LRT to downtown Mississauga — where the Square One District is planned as a 130-acre mixed-use community for 35,000 residents.

Hurontario LRTDirect link to downtown Mississauga
Cooksville GO StationRegional rail to Union
Square One District130 acres · 35,000 residents

The Almega Model

Built to align investors,
communities and our team.

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Registered Exempt Market Dealer

Almega EMD Inc. is registered with the Ontario Securities Commission to distribute vetted real estate offerings directly to qualified investors — reducing fees and expanding access.

Vertically integrated

Acquisition, entitlement, development and management under one roof, with best-in-class partners like Brixen Developments, BDP Quadrangle and Crozier.

10% of profits to charity

We've restructured our company so that 10% of profits go to charities chosen by our team — a structural choice, not a slogan.

Long-term rental focus

Purpose-built rental housing near transit, plus a distressed opportunity fund that lets us move quickly on strategic acquisitions with clear upside.

Our Values

What drives us.

Every project is an opportunity to raise the standard, strengthen our partnerships, and scale with intention.

Almega was born from a belief in bold execution and long-term vision. Our founder, Basem Hanna, brought together deep experience in real estate with the lessons learned building one of the largest cannabis companies in the world. From the start, Almega has been about moving fast, thinking big, and building things that matter. We don't wait for the perfect conditions—we find opportunity, adapt, and lead with confidence. Entrepreneurship isn't just how we started—it's how we operate every day.

We believe real estate can do more than generate returns—it can create real, lasting value for communities, employees, and investors alike. We've restructured our company so that 10% of profits go to charities chosen by our team. Our work is rooted in building long-term, high-quality rental housing—assets that serve people, not just balance sheets. Purpose at Almega isn't a marketing slogan. It's a structural choice and a cultural standard.

Almega has grown into a platform with over $50 million in equity under management and more than $1 billion in assets under development. Our portfolio includes major purpose-built rental projects across the GTA, including over 1,500 units in active development. We also operate a distressed opportunity fund that allows us to move quickly on strategic acquisitions with clear upside. But growth for us isn't just about size—it's about growing right.

We're building more than buildings—we're building a platform for generational wealth. Our long-term goal is to make Almega the largest residential real estate owner in Canada, owned by a diverse group of partners aligned around long-term value creation. We believe the future of real estate belongs to those who think long-term, act with integrity, and commit to impact at scale. That's what we're here to build.

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