FUTURE RESIDENTIAL - CBRE
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FUTURE
RESIDENTIAL
D E V E L O P M E N T O P P O R T U N I T Y
1 9 8 5 1 , 1 9 8 7 9 & 1 9 9 3 5 2 N D C O N C E S S I O N R OA D, E AS T G W I L L I M B U R Y
HWY 404
LESLIE ST
2ND C
ONC ESSIO
N RD
DOANE
RD
LOCATED WITHIN THE QUEENSVILLE SECONDARY PLAN AREA
ABOUT
THE OFFERING
EAST
CBRE’s Land Services Group is pleased to offer for sale 19851, 19879 & GWILLIMBURY
GREEN LN E
19935 2nd Concession Road (collectively known as the “Property” or “Site”)
in East Gwillimbury, Ontario. Located within the Queensville Secondary ROGERS CONSERVATION AREA
Plan area, the Property provides a significant opportunity to acquire 27
acres of which 15.8 acres is designated residential land. The vendor
has submitted a Zoning By-Law Amendment and Plan of Subdivision
application, which proposes 71 detached units, 21 street townhouse units
and 14 part lots on the Site. The configuration of the Property along with MT ALBERT RD
the natural heritage features allows for premium lots to be built which GOOD SHEPPARD CATHOLIC
is beneficial for any developer or builder. A second submission of the ELEMENTARY SCHOOL
application expected to be submitted to the Town in Q1 2021. Please see
the following page for more information on planning and development.
Demand for residential properties continues to grow, and the current low supply
in East Gwillimbury combined with low interest rates creates a competitive
market for designated land. Recent sales for nearby developments have
been significant, with developers selling out of product within months of
launching. Most notably is the development Elizabeth Heights by Vogue and
Greenpark, that collectively sold out within the first few months of opening.
Opening in August 2020, Vogue Developments sold 24 single detached DETACHED UNITS
COMING SOON
units within 3 months of launching and Greenpark sold out 23 detached
units within 2 months. In addition supply remains low, as the entire Town DOANE RD
has a total of 104 detached units and 17 townhouse units currently available.
The Town of East Gwillimbury provides small town charm with all conveniences SOLD OUT IN UNDER 3
MONTHS OF LAUNCH
and services that urban areas provide, making it an ideal place to live. The
Property is well positioned in close proximity to both Highway 404 and 400,
as well as the East Gwillimbury GO Station, providing connections across the
GTA for future residents. The Site is also situated nearby a number of local
amenities, recreational activities, schools and services. The offering provides
2ND
a significant residential land opportunity for the development of low density
product.
CON
PROPERTY
CESS
I N F O R M AT I O N
ION
PIN(s) 034191005; 034191006; 034191007
RD
Total Area 26.9 acres P R O P E RT Y
Frontage 1,265 feet along 2nd Concession HIGHLIGHTS
19851 2nd Concession: 899 ft.
Depth 19879 2nd Concession: 1,309 ft.
19935 2nd Concession: 439 ft.
Low Density Residential (as per Queensville
Official Plan
Secondary Plan)
OPPORTUNITY FOR HIGHLY IDEAL
Zoning (as proposed) R7-X(H), R9-X(H) – Urban Residential Zone
PREMIUM LOTS ACCESSIBLE DEMOGRAPHIC PROFILE
19851 & 19879 2nd Concession have month-
to-month leases for the homes on each Site. The configuration of the Property allows for a The Site is ideally located less than 5 minutes to Within a 5km radius of the Site, the average household
19935 2nd Concession has a lease expiring at significant number of premium lots to be built, which the Queensville on-ramp at Highway 404 and is a 7 income is $143,663 and the estimated population is
Existing Conditions the end of January 2021 for the house.
is beneficial for any builder of the Site. minute drive to the East Gwillimbury GO Station at 14,300 which is anticipated to increase by 5% in the next
Land lease to farm the lands at 19879 2nd Green Lane East and 2nd Concession Road. 5 years, a rate that is in line with East Gwillimbury’s total
Concession ends December 31, 2021. projected increase (Sitewise, 2021).
PROPOSED DRAFT PLAN
JA N UA RY 2 0 1 8
ABOUT
THE DEVELOPMENT
The offering provides a significant opportunity for designated residential land,
allowing for low density development. The current rezoning and draft plan
applications propose 21 street townhouse units with 25 ft. lots, and 71 single
detached units, of which 34 are proposed to be 36 ft. lots and 37 are proposed
to be 45 ft. lots. In addition, there are 14 part lots for future development,
representing a total of 99 units proposed on the Site. The configuration of the
Property along with the natural heritage features ideally allows for premium
lots to be built which is beneficial for any developer or builder. Currently, a
second submission of the application is expected to be submitted in Q1 2021.
S E RV I C I N G A N D AC C E S S
In order to accommodate the development, connections to municipal water
and sanitary sewers are required. This application will rely on servicing under
the Upper York Servicing Solution (UYSS). It is our understanding that timing for
the UYSS is 2026 as per the Town. In addition, vehicular access to the Site is
proposed through the adjacent lands to the south located at 1002 Doane Road
(owned by DG Group). Access to the Site would require the development of
the lands to the south. It is our understanding that no development application
has been submitted for the neighbouring property yet.
Proposed Development Breakdown
No. of Total
Acres
Blocks/Lots Units
Detached (45 ft.) 37 37 4.32
Detached (36 ft.) 34 34 2.7
Street Towns (25 ft.) 4 21 1.2
Part Lots 14 7 0.71
Woodlot 1 11.13
Environmental Buffer 1 1.71
Buffer 1 0.52
Road Widening 1 0.64
Reserve 3 0.01
Streets 4.06
TOTAL 99 26.99
Proposed Access
R E C E N T LY S O L D O U T D E V E L O P M E N T S N E A R BY
AMENITIES
Total
Development Builder Type Opening Occupancy Sold Price Unit Size $/sq. ft. Sold
Units
Vogue $1,450,000- Sold Out
Detached (36 & 42 ft.) 8/8/2020 2021-07 2,917-3,224 $495-$514 24
Developments $1,500,0002 (October 2020)
A Elizabeth
Heights $845,900- Sold Out
Greenpark Detached (36 & 42 ft.) 8/8/2020 2021-09 2180-3,324 $315-$399 23
$1,032,900 (September 2020)
2
sold price reflective of 42 ft. lots only | Source: Altus, 2021 RETAIL & GROCERY
1. Vince's Market Sharon
2. Longo’s Green Lane
3. Reali’s’s No Frills
4. Real Canadian Superstore
5. Walmart
6. The Neighbourhood Market
10
7. Upper Canada Mall
3
A
PARKS AND RECREATION
BRADFORD 17
16 1 12
8. Shawneeki Golf Club
6 15 14 8 9. Pheasant Run Golf Club
11 13 9
10. Holland Landing Conservation Area
11. Shawneeki Golf Club
2
4 EAST
GWILLIMBURY
12. East Gwillimbury Sports Complex
5
7
NEWMARKET
INSTITUTIONAL
13. Sharon Public School
14 Gwillimbury Hills Daycare
15. Holland Landing Child Care Centre
16. East Gwillimbury Public Library
17. Park Avenue Public School
6 M I N D R I V E TO 5 M I N D R I V E TO
EAST GWILLIMBURY HIGHWAY 404
North Nokiidaa Trail Newmarket’s Riverwalk Commons The Stardust Drive in Theater St. Andrews Valley Golf Club
Source: mainetourism.com Source: csla-aapc.ca Source: premiertheatres.ca Source: underpar.com
OFFERING
PROCESS
DOCUMENT CENTRE
-Draft Plan (PDF & CAD)
-Draft Zoning By-Law
-Geotechnical Report
-Phase I & II ESA
-Title Documents
-Survey (PDF & CAD)
-Leases
-Taxes
-Topographic Survey
-Staff Reports (PDF & CAD)
-Transportation Study
CONFIDENTIALITY AGREEMENT
Potential purchasers that require access to the
Document Centre must complete a CA:
LSGGTA@CBRE.COM
OFFER SUBMISSIONS
All offers are requested to be submitted to
the attention of:
Lauren White | lauren.white@cbre.com
E RD
AN
DO
2ND CONC
ESSIO N RD
Lauren White* Mike Czestochowski** Emelie Rowe* Evan Stewart
Senior Vice President Executive Vice President Planner Sales Representative
T +1 416 495 6223 T +1 416 495 6257 T +1 416 495 6306 T +1 416 495 6205
lauren.white@cbre.com mike.czestochowski@cbre.com emelie.rowe@cbre.com evan.stewart@cbre.com
*Sales Representative **Broker | All outlines are approximate.
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limita-
tion, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and com-
pleteness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such
steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at
www.cbre.ca/mclsg any time without notice or obligation to the recipient from CBRE.CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document
are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 01/2021.
Mike Czestochowski** Lauren White* Emelie Rowe* Evan Stewart
Executive Vice President Senior Vice President Planner Sales Representative
416 495 6257 416 495 6223 416 495 6306 416 495 6205
mike.czestochowski@cbre.com lauren.white@cbre.com emelie.rowe@cbre.com evan.stewart@cbre.com
CONFIDENTIALITY AGREEMENT
19851, 19879 & 19935 2ND CONCESSION RD · EAST GWILLIMBURY, ON
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor to arrange the sale of
19851, 19879 & 19935 2nd Concession Rd in East Gwillimbury, ON (the “Property”). All inquiries and communications with respect to the Property shall be
directed to any of the listing agents of CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information,
which has not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.
In exchange for good and valuable consideration provided by the vendor and CBRE, we agree to keep confidential any and all information supplied to us
concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other
than for the evaluation of the Property with respect to a potential purchase.
We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors collectively, (“representatives”)
but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential
nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our
representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us.
We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned Property to the
vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this transaction.
We agree to read and examine all material provided by the vendor on the above-mentioned Property and will do so prior to submitting an Agreement of
Purchase and Sale or Letter of Intent.
We agree to return all documentation provided herewith, and any notes or copies made thereof if we decide not to pursue or complete this opportunity. We
also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either before or after cessation of our
pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.
We acknowledge that the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for the
protection of the vendor and CBRE.
We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a
substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this
Agreement. CBRE and the vendor also reserve the right not to release information.
We agree to continue to work through the Land Services Group at CBRE Limited for the above-mentioned property including offers within 12 months after the
expiration of the Listing Period, so long as we wish to make any offer within said time-frame and that we were introduced to the Property during the Listing
Period or shown the Property during the Listing Period, which we have acknowledged by signing below.
We agree that any signage CBRE has installed on the Property shall remain for a period of 6 months after the closing period.
We agree that any and all communication with regards to this Property shall be done so through CBRE. We and/or our representative will not at any time
contact the vendor directly.
CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the
undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any
amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or CBRE. A digitally submitted or a
scan of a signed copy of this Agreement shall be deemed to be an original signed copy.
THE SECTION BELOW MUST BE COMPLETED AND SUBMITTED TO LSGGTA@CBRE.COM IN ORDER TO RECEIVE THE DUE DILIGENCE PACKAGE
(I possess the authority to legally bind the Corporation)
†
PROPONENT NAME: REPRESENTATIVE:
†
COMPANY: COMPANY:
†
PRIMARY EMAIL: PRIMARY EMAIL:
SUBMIT
CA
PRIMARY PHONE #: PRIMARY PHONE #:
The button above can be
ADDITIONAL EMAIL: DATE: clicked to submit the CA
electronically using the
Adobe Reader application,
ADDITIONAL PHONE #: SIGNATURE: once the required fields
have been filled.
†
Please indicate if you would like a follow up call or meeting: OR
DATE:
Please print, complete, sign
† CALL: MEETING: and scan an email copy to
PRIMARY SIGNATURE: lsggta@cbre.com.
†
REQUIRED FIELDS. **Broker, *Sales Representative
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the
accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information
should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market
at any time without notice or obligation to the recipient from CBRE.
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