0 Teston Road 13.9 Acres (Gross) Low-Rise/Mid-Rise Lands in

For Sale: Land

David Clarke* Vice President, Investment Sales Division 416.649.5905 [email protected] Teston Road co-listed with:

Weston Road Matt D’Orsay**, sior Partner 416.238.1555 x25 [email protected]

*Sales Representative **Broker Note: Outline is approximate

Lennard Commercial Realty, Brokerage 200-55 University Avenue, 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, . 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 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

lennard.com 0 Teston Road Land Survey - Final TRCA Staking

lennard.com 0 Teston Road Site Layout - Example (source: SVN) 3911 Teston Road SvN Highest3911 Teston and RoadBest UseSvN Highest and Best Use Analysis Analysis3911 Teston Road Teston Road Highest and Best Use Analysis Teston Road Date : March 28, 2019 Area of Engineered Slope OptionDate : March B 28, 2019 Area of Engineered Slope

6.0 North East Quadrant BUILDING A w 6.0 4 storeys BUILDING A OPTION B 4 storeys OPTION BldgB 18.0 Typology Units Dist.

18.0 GFA 10.0

10.0 NORTH EAST QUADRANT NORTH EAST QUADRANT 9.0 TYPOLOGY Units UBldgnits GFA DDisistrtirbibuutitoionn 9.0 1 BuildingTYPOLOG YA 54 Units U--Bldgnits GFA DDisis77%trtirbibuutitoionn 1 BUILDING A 54 -- 77% 1 BUILDING A 54 -- 77% RETAILRETAIL -- --300 sqm300 sqm-- -- Retail RESIDENTIALRESIDENTIAL-- 54300m545,4005,400 sqm2 sqm-- -- 2 2 STREETSTREET TOWNS TOWNS 16 16 -- -- 23% 23% TOTOATLAL 70 705,7005,700 sqm sqm100% 100% North East QuadrantNorth East Quadrant NOTES: NOTES: Residential 54 5,400m2 -- Area: 2.5 acre Area: 2.5 acre 1. 101. metre 10 metre buffer buffer fromfrom TRCATRCA staked staked boundary boundary accounts accounts for for slightslight modification modification near the the area area of engineered of engineered slope. slope. [70 Residential Units] 2. Current Official Plan permissions permit a density 11 to 40 [70 Residential Units] 2. Street Current Official Plan permissions permit a density 11 to 40 2 units per net hectare.16 -- 23% Townsunits per net hectare.

Total 70 5,700m2 100%

Notes: 1. 10 metre buffer from TRCA staked boundary Weston Road accounts for slight modification near the area of

Weston Road 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 Demographic Overview

 

Median Household Income Median Age within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) $112,977 40  18% higher than York  3% lower than York

  

Education Employment Visible Minorities within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) 89% 89% 39% Vaughan Demographics Report Lennard  2% lower than York  3% higher than York  10% lower than York 0 Teston RoadCommercial 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% Demographic Ov3 erview4 4 4 4  Trade Area (116.41sq. km)    1km Radius Median Household Income Median Age  3km Radius within Trade Area (116.41sq. km) within Trade Area (116.41sq. km)  5km Radius Leaflet $112,977 40  18% higher than York  3% lower than York Map data ©2018 Google https://app.piinpoint.com/

Trade Area Insights

Area's ethnic composition is normal (relative to the province) with a higher than average proportion of West Asian and Southeast Asian people Large family households with children living in expensive homes

Majority of the population is university educated, have white collar jobs, and earn higher-than-average    incomes

Sparse commercial 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 technology89% 89% 39%  2% lower than York  3% higher than York  10% lower than York    Demographic Projections

Median Age Median Household Income Employment lennard.com Total Population within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) within Trade Area (116.41sq. km) 40 $112,977 89%  3% lower than York  18% higher than York  3% higher than York

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 Custo0 Testonm Demographi csRoad 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) 

There are no POIs loaded in this report Vaughan’s New Official Plan protects and 4 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.

0 TestonHistoric cores Road remain protected as Heritage Conservation Districts and policies to protect and City of Vaughanpreserve Future heritage Plan buildings, districts, landscapes and archaeological sites have been strengthened. 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.

Bathurst St. Jane St. Keele St.

Weston Rd. Dufferin St.

Hwy. 27 Pine Valley Dr. Kipling Ave. Kirby Rd.

Cold Creek Rd.

Huntington Rd.

Nashville Rd. Teston Rd.

Hwy. 400 36% 40% Major Mackenzie Dr. W. community natural areas & areas countryside

Is l Rutherford Road in g to n A v e .

Langstaff Rd.

Hwy. 50 Hwy. 20% 4% Hwy. 7 employment intensification

Yong S Hwy. 407 areas areas

Hwy. 427 Steeles Ave. W.

Source: vaughan.ca/projects

lennard.com

4 BRIEFING NOTES Vaughan’s New Official Plan provides a balanced and 5 responsible approach to achieve Sustainable Growth

The 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 the City’s commitment to sustainability.

0 TestonA minimum of 45% ofRoad 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 Vaughancommunities Future where people Plan can live, work and play. 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 by only 3% in order to protect our Natural Areas and Countryside. This is the smallest urban expansion Official Plan directs intensification to a limited number areas that will be well served by transit and 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, cyclingThe and New transit, Official and Plan help ensures create a sufficientnew mixed-use supply communities of a variety where of housing people forms can live, in awork variety and play. Intensification will be achieved by using only 4% of Vaughan’s land base. Vaughan’s New Official Plan directs intensification to a limited number areas that will of locations. Vaughan is meeting its Regional obligations and ensuring that it doesn’t shift growth 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 King Vaughan Road

treet

S

st

Jane Street Jane Street Weston Road Highway 27 Weston Road Highway 400 Highway 27 Highway 400 Keele Street Cold Creek Road Dufferin Street Bathur Cold Creek Road Bathurst Street Kipling Avenue Pine Valley Drive

Pine Valley Drive

Albion Vaughan Road Vaughan Albion Albion Vaughan Road Vaughan Albion

Kirby Road Kirby Road Kirby Road Kirby Road

Huntington Road Huntington Road

Teston Road Teston Road Nashville Road Teston Road Nashville Road Teston Road A minimum of 45% of new Major Mackenzie Drive West Major Mackenzie Drive West Major Mackenzie Drive West Major Mackenzie Drive West development will

Islington Avenue Islington Avenue

Rutherford Road Rutherford Road Rutherford Road Rutherford Road be in the form of

Langstaff Road Langstaff Road Langstaff Road Langstaff Road intensification.

treet

Highway 27 Jane Street Highway 400 Highway 27 Jane Street Highway 400

Weston Road

Weston Road Highway 50 Highway

Yonge Street Pine Valley Drive

Bathurst Street 50 Highway Yonge S Dufferin Street Pine Valley Drive Kipling Avenue Bathurst Street Dufferin Street Kipling Avenue Highway 7 Centre Street Highway 7 Highway 7 Highway 7 Centre Street

Highway 407 Highway 407

Highway 427 West Highway 427 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.com Intensification will be achieved through a variety of 6 mixed-use districts that each have a different scale of development depending on the local context

The Vaughan Metropolitan Centre will be the City’s downtown. It will have the widest range of 0 Testonuses and will have buildings Road of various size, including the tallest buildings in the City. City of VaughanPrimary Centres Future will accommodate Plan a wide range of uses and will have tall buildings as well as 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 onPrimary the local Intensification context. Corridors will link various centres and are linear places of activity in The Vaughantheir Metropolitan own right. TheyCentre may will accommodate be the City’s mixed downtown. use intensification It will have or employment the widest intensification.range of uses and will have buildings of various size, including the Localtallest Centres buildings act in as the the City. focus for communities are lower in scale and offer a more limited range Primary Centresof uses. will accommodate a wide range of uses and will have tall buildings as well as lower ones to ensure an appropriate transition to neighbouring areas. Primary Intensification Corridors will link various centres and are linear places of activity in their own right. They may accommodateWhere detailed mixed local planning use intensification has yet to occur, or Secondaryemployment Plans intensification. are required prior to 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.

King Vaughan Road King Vaughan Rd.

Highway 27

Cold Creek Road Bathurst St. Highway 400 Jane Street Jane St. Keele St.

Keele Street Albion Vaughan Road Vaughan Albion Weston Rd. Dufferin St. Dufferin Street Bathurst Street Weston Road

Hwy. 27 Pine Valley Drive Pine Valley Dr. Kipling Ave. Kipling Avenue Kirby Rd. Kirby Road Kirby Road

Cold Creek Rd.

Huntington Rd.

Huntington Road

Teston Rd. Nashville Road Teston Road Teston Road Nashville Rd.

Hwy. 400 Major Mackenzie Drive West Major Mackenzie Dr. W. Major Mackenzie Drive West 3

Is l Rutherford Road in Rutherford Road Islington Avenue Rutherford Road g to n A v 1 e .

Kipling Avenue Langstaff Road

Langstaff Road Langstaff Rd. 50 Hwy. Jane Street Highway 400

Weston Road Highway 50 Highway

Bathurst Street Dufferin Street

Pine Valley Drive Highway 7 Highway 7 Centre Street Hwy. 7 2 5 6 4

Yonge St. Highway 407 Hwy. 407

Highway 427 Highway 27 Hwy. 427

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.com 0 Teston Road

lennard.com 0 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 Weston Road

FEATURE” on Schedule 2 of OPA 2010 (“Exhibit 6), with this schedule has been revised Teston Road and replaced with a new Schedule 2 (“Exhibit 7”) which depicts the core natural feature abutting Weston Road and Teston Road as unapproved. The limits of the CORE Feature 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.com Matt D’Orsay**, sior, Partner 416.238.1555 x25 [email protected]

David Clarke*, Vice President, Investment Sales Division 416.649.5905 [email protected]

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.