Hamilton, ON – Fengate Asset Management announced the official opening of 500 Upper Wellington, a new 260-unit purpose-built rental community located in Hamilton’s Centremount neighbourhood on the Hamilton Escarpment. The community offers expansive views and modern, family-oriented suites, marking the first property to begin leasing under Fengate Communities, which launched earlier this year.
Partnership and Development
500 Upper Wellington is a project of the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC), developed in partnership with Fengate and The Hi-Rise Group. The project reflects the partners’ shared commitment to expanding housing supply across Canada and delivering high-quality, attainable rental housing solutions.
The opening comes amid continued demand for purpose-built rental housing in Hamilton and across Ontario. The property achieved approximately 30 per cent lease-up within three months of occupancy, indicating strong interest from residents seeking professionally managed rental options.
Community and Amenities
Residents have access to a range of lifestyle amenities, including a double-height lobby, fully equipped fitness centre, resident lounge and dining space, outdoor terrace, dedicated children’s playroom, pet run, and indoor pet wash station. More than 40 per cent of suites offer two- and three-bedroom layouts, accommodating various household sizes and living arrangements.
Official Remarks
The ribbon-cutting ceremony featured comments from Mayor Andrea Horwath, Councillor Rob Cooper (Ward 8), Joseph Mancinelli (Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada), and John-Bosco Agbasi (Managing Director, Asset Management, Fengate Real Estate).
“LiUNA has been helping build Hamilton and communities across Canada for generations, and our investment in 500 Upper Wellington reflects that long-standing commitment,” said Joseph Mancinelli. “As demand continues to outpace supply, projects like this represent meaningful action toward increasing housing availability, creating opportunities for our members, and helping build stronger, more vibrant communities for today, and for the future. We are proud to continue investing in Hamilton, creating lasting value for the community while helping ensure the city remains a place of opportunity, growth, and prosperity for years to come.”
