One of Toronto's oldest and largest family shelters will be housed in a condo building to be built at the same Leslieville property where it now stands.

On Wednesday, city council unanimously approved a plan put forth by the Red Door Family Shelter, the city and Harhay Developments to save the facility, which is located at 875 Queen Street East.

The Red Door, which opened in 1982, serves more than 500 families every year. It helps women fleeing violence at home, evicted families and refugees.

"This is a historic moment for the Red Door Shelter," said Carol Latchford, director of client services for the shelter. "With council approval, we have a secured future."

Construction on the condo building is set to begin in late 2016 and is expected to be completed in late 2018. The new facility will have 20,000 square feet of new shelter space, which will allow families to have access to private bedrooms and bathrooms.

"This is a tremendous breakthrough for how innovative new development can take shape, and I hope the success story of the Red Door Shelter will be a model for inclusive communities across Toronto," Coun. Paula Fletcher said in a statement.

Fletcher also thanked area residents for their support of the plan.

"The outpouring of support from Leslieville residents was remarkable and is a testament to the great work the Red Door does in supporting women and families in need."

The shelter is in the midst of a fundraising campaign seeking $3 million for equipment and furnishings.