HIGHWAY 0 HANCOCK
THE OFFERING The Land Services Group ( CBRE or Advisor ), on behalf of Uxbridgegate Holding Corporation (the Vendor ) is pleased to offer for sale, on an as is basis, a 00% freehold interest in the lands known municipally as 9 Courtice Road in Courtice, Ontario (the Site or the Property ). Located at the northeast corner of Bloor Street and Courtice Road, this ±98. acre site was recently designated in the Clarington Official Plan for residential uses as part of OPA 0. KING ST E TOWNLINE N TOOLEY The Clarington residential market has shown strong and continually improving market fundamentals with rising housing prices and strong absorption rates. The Site benefits from excellent access to existing and planned transit with Highway 0, the future Courtice GO Station and a future Highway 8 interchange all located a short drive away. This rare large-scale residential development site presents an opportunity to build a community in a well located and rapidly developing part of the GTA. PRESTONVALE HIGHWAY NASH ACREAGE FRONTAGE ±98. acres ±8 feet on Courtice Road ±, feet on Bloor Street ±, feet on Hancock Road OPA 0 Urban Residential, Regional Corridor, Environmental Protection Area ZONING A - Agricultural HIGHLIGHTS Large scale development site in close proximity to existing development designated through OPA 0 for primarily residential uses Excellent local and regional access with future GO Station located nearby and easy access to Highway 0 and future Highway 0 east extension via Highway 8 Clarington has demonstrated strong and continually improving market fundamentals with rapid absorption and rising home prices HANCOCK 0 DEMOGRAPHICS.% KM FROM SITE.% CLARINGTON.% TORONTO $8K $0K $0K KM FROM SITE CLARINGTON TORONTO 9% 9% % KM FROM SITE CLARINGTON TORONTO ALL OUTLINES ARE APPROXIMATE
Planning & Recent Developments ORCHA WEST SOPER CREEK REGIONAL HWY LEGEND OFFICIAL PLAN NEWCASTLE TRULLS ROAD COURTICE ROAD HANCOCK ROAD SOLINA ROAD Regional Corridor Urban Residential Urban Centre Neighbourhood Centre Environmental Protection Area Clarington Official Plan Amendment 0, approved by the Region on June 9 th, 0 designates the Site as Urban Residential, Regional Corridor, and Environmental Protection Area. Lands designated as Urban Residential are intended to be used primarily for housing purposes while lands with the Regional Corridor designation are intended for a mix of uses with higher density townhouses permitted, as well as low rise apartment buildings, and various convenience commercial uses. Please see the chart below for a breakdown of unit types and densities within the Urban Residential Designation. TOWNS OF TOOLEY MILLS ROBINSON RIDGE SUBJECT SITE MODO TOWN LAKEBREEZE DENSITY CATEGORY REET URBAN RESIDENTIAL DENSITIES NET DENSITY PREDOMINANT HOUSING FORMS MAXIMUM HEIGHT GENERAL LOCATIONAL CRITERIA COURTICE RESIDENTIAL MARKET There are currently active developments across Clarington with a focus on the more urban communities of Courtice and Bowmanville. Pricing for a single family (0 ft.) lot is approaching $ Million while the average price of a new townhouse is now more than $00,000. With less than 80 units of remaining inventory in Clarington and low inventory levels across the GTA, prices should continue to appreciate as a result of these compressed inventories. RESIDENTIAL DEVELOPMENT CHARGES* Singles/Semis $,99 Low Density Multiples $,0 *Consists of municipal development charges, regional development charges, and school levies Low Density 0-0 Medium Density -0 SERVICING As part of the planned growth for Durham through 0, substantial upgrades to the existing water and waste water infrastructure have been planned to facilitate residential and employment growth in the Region. The Courtice Trunk Sanitary Sewer is the most relevant infrastructure project as it relates to the development of the Site. Once completed, the Courtice Trunk Sanitary Sewer will run along Trulls Road from the Durham York Energy Centre on the south side of the 0 north to Adelaide Avenue. Construction on parts of this trunk line have already begun with construction on the segment at Trulls Road and Baseline Road forecasted to begin in 08. The Cost Sharing Agreement for the Seaton/ Durham landowners applies to the Property and will be made available to the prospective purchaser. The subject lands are part of the Southeast Landowners Group Inc. and the purchaser(s) of the lands will be required to be signatory to the The Southeast Courtice Funding Agreement and Trust Agreement and the Southeast Courtice lands Subwatershed Study Funding Agreement and any subsequent development or servicing agreements advancing the Southeast Courtice Secondary Plan area. These agreements are currently being drafted. For further information please contact the listing agents to receive a contact who is drafting these reports. Single Detached, Semi-Detached/Link, Duplex Townhouses, Triplex/Quadruplex, Low Rise Apartments, Mixed Use Developments. Storeys Generally internal to neighbourhoods Storeys Within Town or Village Centres, adjacent to arterial roads, or within 00m of an arterial/collector road intersection PROJECT NAME OPENING LOT SIZES DETACHED UNIT SIZES (SF) UNIT PRICES PRICES (PER SF) UNITS (% SOLD) SOLD OUT Orchard West by Treasure Hill * Apr- to ft., to,00 $09,900 to $99,900 $9 to $99 (8%) Active Newcastle by Delta-Rae Homes Dec- 0 ft., to,998 $800,990 to $89,990 $9 to $ (00%) Jun- Orchard West by Halminen Homes Jun- to ft.,0 to,9 $,990 to $8,990 $0 to $ 8 (00%) Apr- Robinson Ridge by Cleary Homes Feb- to 0 ft.,0 to, $9,900 to $9,900 $ to $ (00%) Mar- Lakebreeze by Kaitlin Corporation Oct- to ft.,00 to, $9,990 to $,999,990 $ to $8 0 (98%) Active LINK Lakebreeze by Kaitlin Corporation Oct- ft., to,8 $9,990 - $9,990 $ - $ (00$) Apr- Soper Creek by Tatra Valley Homes Apr- 8 to 0 ft.,8 to, $99,990 - $,990 $0 - $ (%) Active SEMI-DETACHED Lakebreeze by Kaitlin Corporation Oct- ft.,9 $9,990 $ (00%) Apr- Towns of Tooley Mills by Halminen Homes Jul- ft.,0 to, $,990 - $89,990 $8 - $ (0%) Active TOWNHOUSE Lakebreeze by Kaitlin Corporation Oct- to ft.,09 to,0 $9,990 to $99,990 $ to $89 (89%) Active Soper Creek by Tatra Valley Homes Apr- 0 ft.,0 to,0 $09,990 to $9,990 $8 to $98 9 (%) Active Towns of Tooley Mills by Halminen Homes Jul- to ft.,0 to,89 $9,990 to $,990 $0 to $9 (8%) Active MODO Town by Kaitlin Corporation May- to ft.,08 to, $,990 to $89,990 $88 to $9 8 (9%) Active *Temporarily closed as of June 0 Source: RealNet, 0
Transit & Area Amenities LLS TRU HIGHWAY 0 WAY HIGH ICE T UR CO CK CO AN H BLOOR ST OR LO B ST Highway 8 HANCO CK As part of the Highway 0 East extension from Pickering to Highway /, a north/south link between Highway 0 and the new Highway 0 is being constructed. This north/south link known as Highway 8, is currently being constructed a short drive to the east of the Site. A full interchange is being constructed at Highway and Highway 8 providing nearby and convenient access for future residents of Courtice. The project is scheduled for completion in 00. ALL OUTLINES ARE APPROXIMATE TRANSIT Future Courtice GO Station Highway 0 on-ramp min. drive Future Highway 8 Interchange INSTITUTIONAL AMENITIES 8 SUBJECT SITE Holy Trinity C. S. S. Good Shepherd C. E. S. Lydia Trulls Public School Courtice Community Complex Courtice Health Centre Kingsway College COMMERCIAL AMENITIES Townline Centre 8 Kingsway Village Shopping Centre PARKS 9 0 9 McLaughlin Bay Wildlife Reserve 0 Darlington Provincial Park Future Courtice GO Station Metrolinx is currently working to advance infrastructure and service planning to implement new GO rail service with a 0-kilometre extension to the Lakeshore GO East line. Four new stations are planned for this extension including a Courtice Road Station just a few minutes south of the subject Site. This extension of the GO transit network will connect Courtice with locations around the GTA. Completion is scheduled for 0.
Offering Process The information in this marketing package has been obtained from various sources considered reliable. Neither the Vendor nor the Advisor make any representations, declarations or warranties, express or implied, as to the accuracy or completeness of the information or statements contained herein or otherwise and such information or statements should not be relied upon by prospective purchasers without independent investigation and verification. The Vendor and Advisor expressly disclaim any and all liability for any errors or omissions in the marketing package or any other written or oral communication transmitted or made available to prospective purchasers. If any information relating to the Property, in addition to the information provided in this marketing package, is provided at any time, orally or otherwise, by the Vendor or the Advisor, such information is provided as a convenience only without representation or warranty as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. The Vendor has adopted a negotiated sale process. Based on information contained in this marketing package and other information that may be made available upon request, interested parties are invited to submit a proposal that addresses the requirements outlined under Submission Guidelines. CBRE is asking that bids for the Property be submitted on: Thursday, October, 0 by :00 pm EST Submissions should be directed to: c/o CBRE Limited, Brokerage 00 Sheppard Avenue East, Suite 800 Toronto, Ontario, MJ B Attention: Lauren Doughty lauren.doughty@cbre.com SUBMISSION GUIDELINES Proposals for the Property will be evaluated primarily on the consideration offered, the method of payment of the consideration, the prospective purchaser s ability to complete the transaction, and the proposed date and conditions of closing. A proposal should outline the terms for the purchase of the Property and should include, at a minimum, the following information and items: Purchase price; Name of the ultimate beneficial owners of the purchaser; Evidence of the purchaser s financial ability to complete the transaction, including the method of financing the purchase; Terms and conditions of closing, including a schedule of timing and events to complete the transaction. The Vendor reserves the right to remove the Property from the market and to alter the offering process described above and the timing thereof, at its sole discretion. Prospective purchasers should note that the Vendor is under no obligation to respond to or accept any proposal, and is under no obligation to accept the highest offer. All submissions are requested to be submitted on a black lined version of the provided Vendor s Agreement of Purchase and Sale and a signed clean version of the Agreement of Purchase and Sale. CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the online document centre are to complete the CA and return it to: LSGGTA@CBRE.COM. OFFER SUBMISSION DATE THURSDAY, OCTOBER, 0 by :00 pm EST HANCOCK Lauren Doughty* 9 lauren.doughty@cbre.com Mike Czestochowski** Executive 9 mike.czestochowski@cbre.com Ian Hunt* 9 8 ian.hunt@cbre.com Jason Child* 9 9 jason.child@cbre.com *Sales Representative **Broker. 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 limitation, 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 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. 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: Google Earth 0/ CBRE Limited 00 Sheppard Ave E, Suite 800 Toronto, ON, MJ B www.cbre.ca/mclsg