HUMBER STATION ROAD, BOLTON 50 ACRES FOR SALE

Transcription

1 HUMBER STATION ROAD, BOLTON 50 ACRES FOR SALE HIGHWAY 50 ALBION VAUGHAN ROAD KING STREET COLERAINE DR HUMBER STATION ROAD THE GORE ROAD CENTREVILLE CREEK ROAD FUTURE RESIDENTIAL DEVELOPMENT LAND

2 FOR MORE INFORMATION PLEASE CONTACT ASHLAR CROSBY CAIRO REALTY INC. Real Estate Brokerage 60 Renfrew Drive, Suite 240 Markham, ON L3R 0E1 T F W ashlarcc.com GREATER TORONTO S COMMERCIAL REAL ESTATE EXPERTS GLENN CROSBY* President & Broker of Record gcrosby@ashlarcc.com VINCENT CAIRO* Principal vcairo@ashlarcc.com ARAN POPE** Principal apope@ashlarcc.com KING STREET HUMBER STATION ROAD The statements contained in this document are based upon the information furnished by the principal and sources which we deem reliable - for which we assume no responsibility which we believe to be correct. This submission is made subject to prior sale, change in price or terms, or withdrawal without notice. Prospective purchasers or tenants should not construe this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted on matters related to this presentation. Ashlar Crosby Cairo Realty Inc., Real Estate Brokerage *Broker **Sales Representative

3 EXECUTIVE SUMMARY Ashlar Crosby Cairo Realty Inc. ( the Advisor ) has been exclusively retained by the Vendor to sell this future development parcel located on Humber Station Road just south of King Street in Bolton. THE OPPORTUNITY This is a unique opportunity to acquire 50 acres of Future Development Land located directly to the south of the municipally approved Bolton Residential Expansion Area. According to the Official Plan, growth in Caledon is to be concentrated in the Rural Service Centres of Mayfield West, Caldon East and Bolton. The Official Plan Amendment No. 226 (OPA 226), approved by the OMB in 2013, sets the projected total population for Bolton at 39,178 by 2031, an increase of 12,983 people. This area will also be greatly influenced by the GTA West Corridor Expansion expected to significantly boost development in the area. 01

4 PROCESS & GUIDANCE PROCESS Based on the information contained in this Investment Memorandum and other information that can be made available by the Advisor, prospective purchasers are invited to submit offers for the Property through the Advisor for consideration by the Client. Offers will be evaluated, among other criteria, on the consideration offered for the Property, the prospective purchaser s proposed strategy, ability to complete the transaction and the proposed closing. DISCLAIMER The contents of this Investment Memorandum is based upon information furnished by the Client and sources which Ashlar Crosby Cairo deems reliable, however neither the Client nor Ashlar Crosby Cairo assume any responsibility for the accuracy of the information presented. Prospective purchasers should not construe this information as architectural, legal, environmental, land use planning, zoning or tax advice. Prospective purchasers are urged to complete a full due diligence process and to engage the appropriate advisors on any matters related to the Property, and make no representations to the contrary. Prospective purchasers acknowledge that neither Ashlar Crosby Cairo nor the Client makes any representations and/or warranties as to the accuracy or completeness of the data found in this Investment Memorandum. The prospective purchasers acknowledge that the information has been provided in summary form. The summaries do not propose to constitute legal nor accounting analysis of the provisions of the documents and are not necessarily complete, accurate descriptions of all the information related to an acquisition of the Property. Prospective purchasers are expected to examine all such documents independently and with their own advisors. 02

5 ASSET PARTICULARS LOT DETAILS: SIZE: FRONTAGE ON HUMBER STATION RD: DEPTH: acres 975 feet 2,194 feet LEGAL DESCRIPTION: Part of Lot 9, Conc 4, Albion, Des As Part 1, Plan 43R35533 Town of Caledon ESTIMATED DEVELOPMENT TIMELINE: Greater than 5 years ZONING: Agricultural MUNICIPAL SERVICES: Along King Street, to be finalized with the Region PROPOSED TRANSACTION: OFFERING PRICE: $15,000,000 PRICE PER GROSS ACRE: $300,000 VTB TERMS: Possible 03

6 SITE SURVEY ± 975 ± 2,194 04

7 NEIGHBOURING PROPERTY OWNERSHIP KING STREET DI POCE DEVELOPMENTS ARGO DEVELOPMENTS MOSAIK HOMES SUBJECT PROPERTY HUMBER STATION INVESTMENTS INC GREENPARK HOMES VITOROSE HOLDINGS INC; ET AL. CANADIAN TIRE ZZEN GROUP HUMBER STATION ROAD TOWN OF BOLTON COLERAINE DR HIGHWAY 50 THE GORE ROAD SOLMAR HOMES BAYVIEW WELLINGTON HOMES 05

8 PLANNING ENVIRONMENT BOLTON RESIDENTIAL EXPANSION STUDY (BRES) The Town of Caledon s population and employment forecasts and allocations for the 2031 planning horizon are outlined in the Official Plan Amendment No. 226 (OPA 226). Caledon s Council adopted OPA 226 in June 2010 and received subsequent approval by the OMB in October According to the Official Plan, growth in Caledon is to be concentrated in the Rural Service Centres of Mayfield West, Caldon East and Bolton. OPA 226 is being implemented by Caledon through a series of settlement area boundary expansions, one of which is the Bolton Residential Expansion Study (BRES). The BRES projects a total population of 39,898 people for the Bolton Rural Service Centre by It was determined that 190 hectares of additional urban land in Bolton is required to accomodate 10,348 additional people and 2,635 jobs prior to Of the proposed options within the BRES, in June 2014 Town council chose to support Option 3 (with a GO Station focus) at the present time. Subsequently, in October of the same year, an application (the BRES ROPA) was submitted to the Region of Peel and is currently under evaluation. The Subject Property is located in Option 4 which is directly to the south of Option 3 (see figure 1). In January 2014 the proposal of Option 7 (a hybrid of Option 3 and 4; see figure 2 & 3) was submitted to the Town of Caledon. While at present the municipality has not included these lands within the current expansion, it is the logical next phase of expansion and there exists a strong case to include it in the next Official Plan Review. FIGURE 1: Original Expansion Area Options Preferred GO Station Location SUBJECT PROPERTY 06

9 FIGURE 2: BRES Study Area Option 7 Proposal FIGURE 3: BRES Land Use Plan - Option 7 Proposal Subject lands within the Bolton Residential Expansion Study Area SUBJECT PROPERTY 07

10 TRANSIT GTA WEST CORRIDOR The Province is studying route options for a new 400-series highway, GTA West, which will connect Vaughan to Milton. The four-to six-lane highway will alleviate congestion on highways and roads across the region. FUTURE GO STATION The 2010 Metrolinx study identified a preferred location for a new GO Station, adjacent to BRES Option 3 lands. SUBJECT PROJERTY BRES OPTION 3 LANDS SUBJECT PROJERTY ROAD CAPACITY EXPANSION The planning is in place for the widening of Humber Station Road to 4 lanes. SUBJECT PROJERTY SUBJECT PROJERTY 08

11 LISTING TEAM GLENN CROSBY, PRESIDENT & BROKER OF RECORD Glenn is the president and broker of record for Ashlar Crosby Cairo Realty. With more than 45 years experience in sales, Glenn is a top-flight professional sales representative and sales manager. He is a skilled communicator, powerful networker, and an influential leader within Ashlar. Glenn utilizes his extensive contact base to effectively market properties and identify new prospects. His client base includes leading organizations in sectors such as accounting, law, finance, development, marketing and manufacturing. Prior to establishing his leadership role at Ashlar Crosby Cairo, Glenn worked with the original NAI Global member firm Peter L. Mason Real Estate and then with J.J. Barnicke when they bought Mason. Glenn is a committed community leader and dedicates time to several regional non-profit boards. His past positions include Chair of the Markham Stouffville Hospital, Chair of the York Region Hospital Planning Forum, Chair of the Markham Board of Trade and Chair of the Markham Committee of Adjustment. He is currently Chair of the Unionville Home Society Union Villa. VINCENT CAIRO, PRINCIPAL & BROKER Vince is a founding partner of Ashlar Crosby Cairo Realty. He has been involved in industrial, commercial and investment real estate in the Greater Toronto Area since Vince is a prominent team member, administering sale and lease transactions with solid market knowledge and successful negotiation strategies. Vince has supported his clients for more than 30 years with unequalled dedication, integrity and negotiating abilities. Since 2000, Vince completed more than $330 million in development land sales and building sales transactions. He has completed an additional 300 land and building sale and lease transactions over his career. Vince s clients include CN Real Estate, Dixon Ticonderoga, SunLife Assurance, Markborough Properties, Viceroy Homes, New York Life Insurance, Alpha Laboratories, Town of Newmarket, Bank of Nova Scotia, Town of Aurora, Great West Life and Trammell Crow Corporation. ARAN POPE, PRINCIPAL & SALES REPRESENTATIVE Aran is a member of the Land & Development Group at Ashlar Crosby Cairo. He provides a superior set of skills and abilities, alongside a deep understanding of planning and development processes. Aran is an expert in analyzing and interpreting geographic, economic and demographic data. He also offers invaluable marketing experience combined with a technical background in geospatial analysis. Aran has negotiated over $250M in land sales and has completed transactions with TACC Construction (Arista Homes), Beckett Farms, Fieldgate Homes, Heathwood Homes, Ballymore Homes, Empire Communities, OneCad Solutions, North Star Homes, Capitol Buildings Group, Novacc Technologies, Green Park Homes, Rice Commercial Group, McGregor Developments, Corebridge Developments, Miles Hectares, Chouinard Bros., and Bazil Developments. Aran graduated from McMaster University with a degree in Geography and Earth Science, specializing in Urban Development and Geospatial Science. 09

12 GREATER TORONTO S COMMERCIAL REAL ESTATE EXPERTS