Teston Road 13.9 Acres (Gross) Low-Rise/Mid-Rise Lands in Vaughan For Sale: Land - LoopNet
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0 Teston Road
13.9 Acres (Gross) Low-Rise/Mid-Rise Lands in Vaughan
For Sale: Land
David Clarke*
Vice President,
Investment Sales Division
416.649.5905
dclarke@lennard.com
Road
Teston
co-listed with:
Matt D’Orsay**, sior
We
Partner
st
on
416.238.1555 x25
matt.dorsay@ellingtonre.com
Ro
ad
*Sales Representative **Broker
Note: Outline is approximate
Lennard Commercial Realty, Brokerage
200-55 University Avenue, Toronto
416.649.5920 • lennard.com
0 Teston Road
Property Highlights
Introduction & Opportunity
Lennard Commercial and Ellington Partners Corporate Real Estate Advisors have been mandated by the Seller to advise and manage
the sale of 0 Teston Road. This is a unique and rare opportunity to acquire a 13.9-acre development parcel in the growth rich area of
Vaughan, Ontario. The parcel sets up seamlessly for a development backing onto natural ravine / greenspace and is ideally located within
close proximity to the 400 and 407 highways. Only a few kilometers from York University campus, golf, the new Mackenzie Vaughan
Hospital (under construction) and Canada’s Wonderland with ample suburban development precedent.
Further Highlights
• The most recent Official Plan and Block Plan indicates that the developable portion of the property is currently identified as medium
density. This approved Block Plan would allow for townhouses, semi-detached and single family residential, and will be designated
“Low Rise Residential” when consolidated under OPA 2010 which permits the same uses.
• The subject property is in the proximity of active development applications in that the City of Vaughan approved zoning and draft plan
of subdivision applications for neighbouring properties west of the subject property located along Teston Road.
• The subject lands are well serviced by the existing and planned transportation network being located at the south west corner
of Weston Road and Teston Road, and being within close proximity of a 400 series highway and will have benefit of planned
infrastructure improvements.
• Teston Road, from Weston to Pine Valley, is currently being widened from one lane in either direction, to two lanes.
• Block 41 (area north of Subject Lands) is currently entering Secondary Plan Approval. Block 41 will be primarily residential with a mix
of housing types, and will also include retail uses, parks, community facilities, and schools.
• According to Vaughan’s New Official Plan, a minimum of 45% of new development will be in the form of intensification.
• As a corner site, surrounded by incoming development, 0 Teston Road represents an opportunity for possible mixed use (commercial/
residential) development.
lennard.com
0 Teston Road
Property Summary
Legal Description
• PT LT CON 6 Vaughan
Site Area
• 13.9 Acres
• 2.5 Acres developable (TRCA staking)
Zoning
• A: Agricultural Zone
• OS1: Open Space Zone
Financing
The property will be sold free and clear of financing
Planning Environment
• Medium Density Low Rise Residential under OPA
2010
• Potential for Medium Density Mixed Use
(residential / commercial)
Transit
Situated within ideal proximity to 400 series highways
Subject Property
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0 Teston Road
Land Survey - Final TRCA Staking
lennard.com
0 Teston Road
Site Layout - Example (source: SVN)
SvN
3911 Teston Road
3911 Teston
Highest and Road
Best Use SvN
Highest
3911 andRoad
Teston Best Use Analysis
Teston Road Analysis
Highest and Best Use Analysis
Date : March 28, 2019
Teston Road
Area of Engineered Slope Option B 28, 2019
Date : March
w
Area of Engineered Slope
BUILDING A
OPTION
OPTION BB
North East Quadrant
6.0
4 storeys BUILDING A
6.0
4 storeys Bldg
Typology Units Dist.
GFA
18.0
18.0
NORTH EAST QUADRANT
10.0
NORTH EAST QUADRANT
10.0
Units Units Distribution
Bldg GFA Distribution
1 TYPOLOGY
Building
TYPOLOGYA 54 --
Units Units 77% 77%
Distribution
Bldg GFA Distribution
9.0
1 BUILDING A 54 --
9.0
1 BUILDING A 54 -- 77%
RETAIL
RETAIL -- 300 sqm--
--300 sqm --
RESIDENTIAL 5,4005,400
54 54 sqm --
2
Retail
2 STREET
STREETTOWNS
TOWNS
--
RESIDENTIAL
300m--
16 16
sqm
2 --
--
--
23% 23%
TOTAL
TOTAL 70 705,7005,700
sqm sqm 100% 100%
North East
North East Quadran t Quadrant NOTES:
Residential
NOTES: 54 5,400m 2
--
Area: 2.5 acre Area: 2.5 acre 1. 101. metre
10 metre bufferfrom
buffer from TRCA
TRCAstaked boundary
staked accounts
boundary for
accounts
slight modification near the area of engineered slope.
for
[70 Residential[70 Residential Units]
Units]
slight
2. Street
2.
Current
modification near the area of engineered slope.
Current Official Plan permissions permit a density 11 to
Official Plan permissions permit a density 11 to 40
40
2 units per net hectare. 16 -- 23%
Towns
units per net hectare.
oad
Total 70 5,700m2 100%
oad
Weston R
Weston R
Notes:
1. 10 metre buffer from TRCA staked boundary
accounts for slight modification near the area of
engineered slope.
2. Current Official Plan permissions permit a density
11 to 40 units per net hectare.
0m 50m 100m
N
* See data room for further layouts/designs. Note: Outline is approximate. 0m 50m 100m
N
lennard.com
0 Teston Road
Adjacent Development
Vellore Village is a new townhouse development by Treasure Hill Homes in Vaughan. This new home community is located at Weston
Road and Major Mackenzie Drive West in Vaughan. Highways 400 and 407 are in close proximity to Vellore Village, making travel through-
out the GTA extremely easy for residents. The community features an array of beautifully designed townhomes and semi detached
homes, utilizing the space in an optimum and intelligent way. Modern homes at Vellore Village in Vaughan offer the residents an urban life-
style in a peaceful village-like atmosphere. Canada’s Wonderland, great golf courses, elementary and secondary schools, York University
and many sports facilities are also minutes away from Vellore Village making it an exceptionally desirable location to buy a new home.
lennard.com
0 Teston Road
Neighbourhood Proximity to Canada’s Wonderland & Mackenzie Vaughan Hospital
Subject Property
3.3 KM
9 Min
9 Min
54 Min
Future Mackenzie Vaughan Hospital
Note: For updates on the progress
of the construction of the hospital
including imagery, follow this link.
lennard.com
0 Teston Road
Neighbourhood Amenities
Eagles Nest Golf Club
3911 Teston Road
Mackenzie
Copper Creek Golf Club Vaughan
Hospital
Kortright Centre
lennard.com
0 Teston Road
Immediate Area Transit
https://www.yrt.ca/en/schedules-and-maps
3911 Teston Road
lennard.com
Education Employment Visible Minorities
0 Teston Road
within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)
89% 89% 39%
mographics Report Lennard 2% lower than York 3% higher than York 10% lower than York
Commercial
City of Vaughan DemographicsRealty Demographic Projections
Total Population
Criteria 2006 2016 2018 2020 2022 2024 Growth
Total Population 103,013.1 195,287.4 199,119.03 202,834.9 206,578.2 210,361.2 106.05%
3 4 4 4 4
Demographic Overview
.
Median Household Income Median Age
within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)
Leaflet $112,977 40
18% higher than York 3% lower than York
Map data ©2018 Google
https://app.piinpoint.com/
ts
osition is normal (relative to the province) with a higher than average proportion of
utheast Asian people
holds with children living in expensive homes
ulation is university educated, have white collar jobs, and earn higher-than-average
landscape dominated by Restaurants and Personal Care Education Employment Visible Minorities
within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)
Statements generated by PiinPoint’s proprietary Trade Area Insights technology
89% 89% 39%
2% lower than York 3% higher than York 10% lower than York
Demographic Projections
Median Household Income Employment lennard.com
Total Population
1sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)0 Teston Road
Custom Demographics
City of Vaughan Demographics (continued)
Your Demographics
Criteria Aggregation Trade Area 1km Radius 3km Radius 5km Radius
(116.41sq.
km)
Households (After-Tax Income Sum 57,615.3 2,962.9 18,246.9 41,501.7
Brackets: 0 - Infinity) (1921.1%) (1806.9%) (1850.3%) (1850.7%)
Population in All Industries Sum 106,797.3 4,278.6 34,495.6 79,303.6
(98.1%) (97.2%) (98.0%) (98.0%)
Total Population Sum 195,287.4 7,797.2 61,518.6 144,439.2
Travels to Work by Car as Sum 74,514 3,112.8 24,455.1 55,626.6
Driver (78.6%) (80.3%) (77.8%) (78.1%)
Travels to Work by Public Sum 11,443.6 441.2 3,775.3 8,822.4
Transit (12.1%) (11.4%) (12.0%) (12.4%)
Market Breakdown
Total Population Daytime Population Total Households
within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)
195,287 213,361 57,421
Retail Landscape
Restaurants - 493 (43.0%) Personal Care - 321 (28.0%) Financial Services - 246 (21.4%)
Cafes - 84 (7.3%) Bars - 3 (0.3%)
https://app.piinpoint.com/
Your Points of Interest
lennard.com
Brand Trade Area 1km Radius 3km Radius 5km Radius
(116.41sq. km)
36% of Vaughan is maintained as low-rise Community Areas.
20% of Vaughan is designated as Employment Areas to support economic and job growth.
0 Teston Road Historic cores remain protected as Heritage Conservation Districts and policies to protect and
preserve heritage buildings, districts, landscapes and archaeological sites have been strengthened.
City of Vaughan Future Plan
Vaughan’s New Official Plan protects and enhances the places that make Vaughan great
40% of Vaughan is protected as Natural Areas and Countryside.
36% of Vaughan is maintained as low-rise Community Areas.
20% of Vaughan is designated as Employment Areas to support economic and job growth.
Historic cores remain protected as Heritage Conservation Districts and policies to protect and preserve heritage buildings, districts,
landscapes and archaeological sites have been strengthened.
King Vaughan Rd.
Dr.
Bathurst St.
.
Dufferin St.
Weston Rd
Kipling Ave.
Pine Valley
Keele St.
Jane St.
Rd.
Hwy. 27
Rd.
Cold Creek
Huntington
Kirby Rd.
Nashville Rd. Teston Rd.
36% 40%
Hwy. 400
Major Mackenzie Dr. W. community natural areas &
areas countryside
Rutherford Road
Isl
i
ng
ton
Ave
.
Langstaff Rd.
Hwy. 50
Hwy. 7
20% 4%
intensification
Yong S
employment
areas
Hwy. 427
Hwy. 407 areas
Steeles Ave. W.
Source: vaughan.ca/projects
lennard.comThe urban boundary will expand by only 3% in order to protect our Natural Areas and
Countryside. This is the smallest urban expansion in Vaughan’s history and a clear signal regarding
0 Teston Road
the City’s commitment to sustainability.
A minimum of 45% of new development will be in the form of intensification. This will make
better use of existing services, promote walking, cycling and transit, and help create new mixed-use
City of Vaughan Future
communities Plancan live, work and play.
where people
Vaughan’s New Official Plan provides a balanced and responsible approach to achieve Sustainable Growth
Intensification will be achieved by using only 4% of Vaughan’s land base. Vaughan’s New
The urban boundary will expand
Official Plan by only 3% intoorder
directs intensification to protect
a limited numberour Natural
areas Areas
that will andserved
be well Countryside. This
by transit andis the smallest urban expansion
in Vaughan’s history and a clear signal regarding the City’s commitment to sustainability.
established clear rules to create transitions into low-rise community areas.
A minimum of 45% of new development will be in the form of intensification. This will make better use of existing services, promote
walking, cycling
Theand
Newtransit,
Officialand
Planhelp create
ensures new mixed-use
a sufficient communities
supply of a varietywhere peopleforms
of housing can live,
in awork and play. Intensification will be
variety
achieved by using
of locations. Vaughan is meeting its Regional obligations and ensuring that it doesn’t shift growtha limited number areas that will
only 4% of Vaughan’s land base. Vaughan’s New Official Plan directs intensification to
be well served by transit and established clear rules to create transitions into low-rise community areas.
issues to other municipalities.
The New Official Plan ensures a sufficient supply of a variety of housing forms in a variety of locations. Vaughan is meeting its Regional
obligations and ensuring that it doesn’t shift growth issues to other municipalities, landscapes and archaeological sites have been
strengthened.
Urban Boundary Expansion - Employment Areas
Urban Boundary Expansion - Community Areas Intensification Areas
King Vaughan Road King Vaughan Road
n Road
n Road
Road
Pine Valley Drive
Road
Pine Valley Drive
Weston Road
Dufferin Street
Weston Road
Highway 400
Bathurst Street
Jane Street
Dufferin Street
Highway 400
e
Bathurst Street
Jane Street
e
Highway 27
Keele Street
Highway 27
Kipling Avenu
Keele Street
Kipling Avenu
Albion Vaugha
Albion Vaugha
Cold Creek
Cold Creek
Kirby Road Kirby Road Kirby Road Kirby Road
A minimum
Road
Road
Huntington
Huntington
Teston Road Teston Road Teston Road Teston Road
of 45% of new
Nashville Road Nashville Road
development will
Major Mackenzie Drive West Major Mackenzie Drive West
Major Mackenzie Drive West Major Mackenzie Drive West
be in the form of
Islin
Islin
gton
gton
Rutherford Road Rutherford Road
Rutherford Road
Ave
Rutherford Road
Ave
nu
nu
e
e
Langstaff Road
Langstaff Road
Langstaff Road
Langstaff Road
intensification.
Highway 400
Pine Valley Drive
Highway 27
Highway 400
Pine Valley Drive
Highway 27
Jane Street
Weston Road
Jane Street
Weston Road
Bathurst Street
Bathurst Street
Dufferin Street
Kipling Avenue
Dufferin Street
Kipling Avenue
Yonge Street
Highway 50
Yonge Street
Highway 50
Highway 7 Highway 7 Centre Street Highway 7 Centre Street
Highway 7
Highway 407 Highway 407
Highway 427
Highway 427
Steeles Avenue West Steeles Avenue West Steeles Avenue West
Steeles Avenue West
Proposed urban boundary expansion (3%) Proposed Intensification Areas (4%)
Source: vaughan.ca/projects
URBAN STRATEGIES INC. 5
lennard.com6 mixed-use districts that each have a different scale
of development depending on the local context
0 Teston Road The Vaughan Metropolitan Centre will be the City’s downtown. It will have the widest range of
uses and will have buildings of various size, including the tallest buildings in the City.
Primary Centres will accommodate a wide range of uses and will have tall buildings as well as
City of Vaughan Future Plan
lower ones to ensure an appropriate transition to neighbouring areas.
Intensification will be achieved through a variety of mixed-use districts that each have a different scale of development
depending on Primary Intensification
the local context. Corridors will link various centres and are linear places of activity in
their own right. They may accommodate mixed use intensification or employment intensification.
The Vaughan Metropolitan Centre will be the City’s downtown. It will have the widest range of uses and will have buildings of various size,
including the Local
tallestCentres
buildings
actinasthe
theCity.
focus for communities are lower in scale and offer a more limited range
Primary Centres will accommodate a wide range of uses and will have tall buildings as well as lower ones to ensure an appropriate
of uses.
transition to neighbouring areas. Primary Intensification Corridors will link various centres and are linear places of activity in their own right.
Where detailedmixed
They may accommodate local planning has yet to occur,
use intensification Secondary Plans
or employment are required prior to
intensification.
Local Centresdevelopment.
act as the focus for communities are lower in scale and offer a more limited range of uses. Where detailed local planning
has yet to occur, Secondary Plans are required prior to development.
1 Vaughan Mills
Vaughan Metropolitan Centre 2 Weston Rd. & Hwy. 7
Primary Centres 3 Jane St. & Major Mackenzie Dr.
Local Centres 4 Bathurst St. & Centre St. (South Side)
Primary Intensification Corridors 5 Concord Centre
June 2006 Provincial Built Boundary 6 Dufferin St. & Centre St.
Road
King Vaughan Road King Vaughan Rd.
Road
Albion Vaughan
Pine Valley Drive
et
t
Highway 27
Dufferin Stree
Highway 400
Dr.
Bathurst St.
Bathurst Stre
d
t
ue
Weston Rd.
Cold Creek
et
Keele Stree
Dufferin St.
Weston Roa
.
Kipling Aven
Jane Stre
Pine Valley
Keele St.
Kipling Ave
Jane St.
Rd.
Hwy. 27
Rd.
Cold Creek
Huntington
Road
Kirby Road Kirby Rd.
Kirby Road
Huntington
Nashville Road Teston Road Nashville Rd. Teston Rd.
Teston Road
Hwy. 400
Major Mackenzie Drive West
Major Mackenzie Drive West Major Mackenzie Dr. W. 3
Rutherford Road Rutherford Road
Isl
Rutherford Road
i
ng
Isli
ue
ton
1
ngto
Kipling Aven
Ave
nA
.
ven
ue
Langstaff Road Langstaff Rd.
Langstaff Road
et
Pine Valley Drive
Highway 400
d
et
t
et
Yonge Stre
Weston Roa
Dufferin Stree
Bathurst Stre
Jane Stre
Highway 50
Hwy. 50
5
Yonge St.
Highway 7 Highway 7 Centre Street Hwy. 7 6
2
4
427
Highway 27
Hwy. 427
Highway
Highway 407 Hwy. 407
Steeles Avenue West
Steeles Avenue West Steeles Ave. W.
Source: vaughan.ca/projects
Intensification Areas Intensification areas where Additional information and expanded details for
the City of Vaughan Official Plan can be found at:
Secondary Plans are required vaughan.ca/projects/policy_planning_projects
6 BRIEFING NOTES
lennard.com0 Teston Road
lennard.com0 Teston Road
Land Use
An important change was made to Schedule 2 of OPA 2010 and approved by the OMB
on September 21, 2016. The entire subject lands were originally described as “CORE
We
FEATURE” on Schedule 2 of OPA 2010 (“Exhibit 6), with this schedule has been revised Road
Teston
sto
and replaced with a new Schedule 2 (“Exhibit 7”) which depicts the core natural feature
Ron
abutting Weston Road and Teston Road as unapproved. The limits of the CORE Feature
ad
will be determined through a secondary plan study or through process of development
applications which will be subject to technical studies as prescribed by the City of
Vaughan, York Region, Provincial Ministries and TRCA without the need for an official plan
amendment. The “Low Rise Residential Designation” will automatically apply to the proven
developable lands.
The property is located within the Urban Area, Schedule IA (Exhibit 8) of OPA 2010 which means it is in part suitable for development.
The subject lands are not identified as being in any of the following protection areas:
Schedule 3 Environmentaly Sensitive Area or AWSIS
Schedule 4 Greenbelt or Oakridges Moraine
Schedule 5 Mineral Aggregate
Schedule 6 Protection or Aquifer Vulnerability
Schedule 7 Landforms Conservation
Schedule 11 Wellhead Protection
Schedule 12 Trans Canada Pipeline
The only significant potential restriction on development is the amount of land covered by Natural Heritage features
consisting of forested area and ravines, the extent of which will be determined through future studies.
lennard.comMatt D’Orsay**, sior, Partner 416.238.1555 x25 matt.dorsay@ellingtonre.com David Clarke*, Vice President, Investment Sales Division 416.649.5905 dclarke@lennard.com 200-55 University Avenue, Toronto 416.649.5951 lennard.com *Sales Representative **Broker Statements and information contained are based on the information furnished by principals and sources which we deem reliable but for which we can assume no responsibility. Lennard Commercial Realty, Brokerage 2018.
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