Investment Summary 10747 Bayview Avenue, Ontario
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Bayview Avenue 10747 Bayview Avenue The Oering Elgin Mills Road To Highway 404 INVESTMENT SUMMARY 10747 BAYVIEW AVENUE, ONTARIO, CANADA Concrete Sidewalk R12.00m Concrete Sidewalk Concrete Sidewalk Concrete Sidewalk TO CONSTRUCT AN INTERIM DROP CURB TO MAINTAIN THE EXISTING DRIVEWAY TO #865 ELGIN MILLS Rd. SEE DETAILS IN CIVIL SITE STATISTICS FOR EAST PART DRAWING 402 10mx10m TOWNHOUSE TOWNHOUSE DAYLIGHTING TOWNHOUSE TOWNHOUSE BLOCK 1 BLOCK3 BLOCK 2 BLOCK 3 HYD. SET 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 · · 1.2m WIDE WAKLWAY HYD. SET ALONG BANK HAMMERHEAD FOR TURN SNOW STORAGE AROUND AREA STOP SIGN R9.0m R9.0m DRIVEWAY PARK R9.0m ONE CAR STAIRS TO UNDERGROUND TOWNHOUSE R9.0m · PARKING BLOCK 4 TOWNHOUSE PATIO LOWER · BLOCK 8 51 BOUNDARY GARBAGE STOP SIGN 25 CHUTE 52 PATIO LOWER TOWNHOUSE 26 PATIO TOWNHOUSE LOWER BLOCK 7 PATIO BLOCK 6 LOWER 42 PARKING SUMMARY - EAST PARCEL 43 41 27 53 44 PATIO LOWER PATIO LOWER PATIO 28 LOWER PATIO LOWER PATIO TOWNHOUSE LOWER 40 PATIO LOWER BLOCK 5 45 54 29 8.5M PAVEMENT 39 PATIO 46 LOWER PATIO LOWER 30 55 PATIO LOWER PATIO LOWER PROP 14.5M FOR FUTURE 38 18.0 M ROW PATIO LOWER 47 PATIO LOWER 56 31 37 48 PATIO LOWER 57 PATIO LOWER PATIO LOWER 32 PATIO LOWER PATIO LOWER BUILDING BLOCK INFORMATION 36 PATIO LOWER 49 58 1.2m WIDE WAKLWAY 35 50 ALONG BANK 33 PATIO LOWER 59 34 PATIO LOWER STOP SIGN PATIO LOWER TOWNHOUSE R9.0m BLOCK 9 R9.0m STOP SIGN R23.5m R9.0m R9.0m CIM DEVELOPMENTS INC R9.0m STOP SIGN 3.0m ACCESS EASEMENT HYD. SET HYD. SET 3.0m STORM WATER EASEMENT PUMPING STATION BATTAGLIA ARCHITECT INC. TOWNHOUSE TOWNHOUSE BLOCK 10 BLOCK 11 68 69 70 75 60 61 62 67 63 64 65 66 71 72 73 74 10747 BAYVIEW AVE *Rendering of Town Centre Commercial and the Residential zones are for illustration purposes only RICHMOND HILL, ONTARIO 2 | Colliers Capital Markets Canada *for illustration purposes only EAST PART SITE PLAN 1:300 Sept 13, 2018 A4 The Opportunity Colliers International (the “Advisor”) on behalf of CIM BAYVIEW CREEK INC. (the “Vendor”) is pleased to offer for sale a 100% freehold interest in 10747 Bayview Avenue - East Parcel (the “Property” or “10747 Bayview”). 10747 Bayview offers a fully approved low-density residential development opportunity totaling 3.34-acres (145,498 SF) strategically positioned on the southeast corner of the intersection of Bayview Avenue and Elgin Mills Road in Richmond Hill. The Property is approved for the development of 11 residential blocks totaling ~133,000 SF of GFA in 75 residential townhouse units. The Draft Plan of Subdivision is currently under-review but agreed upon in principle. Overall, 10747 Bayview Avenue offers an exceptionally rare, zoned, residential development opportunity strategically positioned in the heart of the GTA. Property Summary Address 10747 Bayview Avenue Municipality Richmond Hill, Ontario Site Area 3.34 acres (145,498 SF) Project Status OPA Approved, Zoning Approved, Draft Plan of Subdivision (Under-Review) Official Plan Designation Neighbourhoods Zoning Designation RM1 (46) Residential Blocks 11 Residential Units 75 Residential GFA ~133,000 SF Frontage along Elgin Mills Road 437 ft. Floor Space Index 0.3 times site area PIN (Note 1) 031864757 Legal Description (Note 1) PT LT 25, CON 2, (MKM),PTS 1 & 2, PL 65R31680; TOWN OF RICHMOND HILL Note 1: The offering requires a land severance and does not include the entire site as represented by the PIN and Legal Description Key Development Statistics OFFICIAL PLAN (APPROVED) ZONING (APPROVED) DRAFT PLAN OF SUBDIVISION (UNDER-REVIEW; APPROVED IN PRINCIPLE) ACRES TOTAL RESIDENTIAL SF RESIDENTIAL 3.34 SITE AREA 75 UNITS ~133,000 GFA 10747 Bayview Avenue | 3 Downtown Toronto Yonge & Highway 7 Hillcrest Mall Investment Highlights Highway 407 PREMIER LOCATION AT BAYVIEW AVENUE AND ELGIN MILLS ROAD IN RICHMOND HILL 16th Avenue Bayview Secondary 10747 Bayview Avenue is a premier residential development opportunity occupying a coveted School Yonge Street location on the southeast corner of Bayview Avenue and Elgin Mills Road in Richmond Hill. Richmond Hill is one of the most affluent residential communities in the GTA with an average household income of $114,404 (2019) exceeding the national average by 23.3%. The Major Mackenzie Drive development presents an ideal lifestyle-oriented GTA location offering exceptional local and Crosby Heights Richmond Rose PREMIER LOCATION Public School regional access along with access to the region’s best lifestyle amenities including shopping, Public School restaurants, entertainment, schools, health clubs and proximity to downtown Toronto. Jean Vanier APPROVED DEVELOPMENT OPPORTUNITY IN ONE OF THE GTA’S CHS MOST AFFLUENT RESIDENTIAL COMMUNITIES Beverley Acres Public School The Offering includes 3.34-acres (145,498 SF), comprising the east portion of 10747 Bayview Avenue. The Property is fully approved for the development of 11 residential blocks totaling ~133,000 SF (75 units). The Site is located within the existing urban boundary on the south APPROVED side of Elgin Mills Road with ~437 ft. of frontage along the right-of-way. A land conveyance DEVELOPMENT will provide a east/west access through the Site to Bayview Avenue. Michaëlle-Jean OPPORTUNITY Public School IDEAL ACCESS AND SITE CONFIGURATION PRESENTS EXCELLENT DEVELOPMENT POTENTIAL Highway 404 located ~3.0 km east of the Property offers direct connections with the 400 Bayview Avenue series highway network along with the Don Valley Parkway, Gardiner Expressway and QEW. Public transportation is available at the Property’s doorstep, provided by the York Regional Transit (YRT) system which provides direct linkages with the GO Transit Network, Viva Network and TTC. Richmond Hill GO station is located ~3.0 km southwest of the Property providing access to Union Station (~45-minutes) and offering connections with Via Rail IDEAL SITE and the Union-Pearson (UP) Express. In addition, the Property provides access to Pearson 10747 Bayview Avenue CONFIGURATION Airport (~25-minute drive) and Billy Bishop Airport (~50-minute drive) facilitating domestic and international travel. The Property will benefit greatly from the Yonge Subway Extension The Oering to Richmond Hill Centre and Viva Next Yonge Street Rapidway which will provide service just west of the Property connecting it with the TTC & GO Transit networks expected to be completed in December 2020. Elgin Mills Road 4 | Colliers Capital Markets Canada To Highway 404 Downtown Toronto Yonge & Highway 7 Hillcrest Mall Highway 407 16th Avenue Bayview Secondary School Yonge Street Major Mackenzie Drive Crosby Heights Richmond Rose Public School Public School Jean Vanier CHS Beverley Acres Public School Michaëlle-Jean Public School Bayview Avenue 10747 Bayview Avenue The Oering Elgin Mills Road 10747 Bayview Avenue | 5 To Highway 404 EXCEPTIONAL MARKET FUNDAMENTALS FOR LOW DENSITY RESIDENTIAL DEVELOPMENT STRONG MARKET Richmond Hill is one of the GTA’s FUNDAMENTALS most popular communities for young professionals and families offering a lifestyle-oriented location with access to the GTA’s premier amenities. Richmond Hill is an ideal location for residential development offering some of the GTA’s most affluent communities featuring strong housing pricing, with new inventory selling in the range of $799,990 - $4,714,990 and an average composite housing price index of $806,700 increasing 57.0% over the past 5-years. Currently, there are 10 active low-density residential development projects totaling 970 units which are 69.2% sold with pricing as high as $996 PSF. FREE AND CLEAR OF EXISTING FINANCING The Property is being offered free and clear of existing financing offering an opportunity to secure new first mortgage FREE AND or development financing at rates near CLEAR historic lows. The Canadian real estate debt market continues to benefit from an excellent supply of capital from both traditional secured mortgage lenders and debt capital market. 6 | Colliers Capital Markets Canada Bayview Avenue 10747 Bayview Avenue The O ering Elgin Mills Road 10747 Bayview Avenue | 7 COLLIERS CAPITAL MARKETS | CANADA 181 Bay Street, Suite 1400 Toronto, Ontario M5J 2V1 T: +1 416 777 2200 F: +1 416 777 2277 Ted Li* Andrew Barnicke** Andrew Joseph* Senior Vice President Vice Chairman, Managing Partner Associate Vice President +1 647 798 6288 +1 416 643 3766 +1 647 798 6239 [email protected] [email protected] [email protected] This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc..