Premium Lots Located in the North of Vaughan

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Premium Lots Located in the North of Vaughan PREMIUM LOTS LOCATED IN THE NORTH OF VAUGHAN 1600 TESTON RD, VAUGHAN TESTON RD DUFFERIN ST 1 Council approved settlement agreement that is expected to be LPAT approved on June 26th, 2019. DEVELOPMENT STATUS DEVELOPMENT BREAKDOWN In July 2018, the Mackenzie Ridge Ratepayers Group appealed Type Unit Area (ac.) City Council’s decision on the Official Plan Amendment (OPA), Favourable Demographics in 40 ft. Single Detached 79 8.55 Zoning By-Law Amendment (ZBLA) and Draft Plan application for a High Demand Area the Property to the LPAT. The concerns of the ratepayers group 59 ft. Single Detached 3 0.42 was addressed through an added 10 metre wide, open space 1600 TESTON RD, VAUGHAN At $127,000, the average income 65 ft. Single Detached 8 1.21 landscape buffer adjacent to the existing homes on Giorgia within 3 km of the Site is $15,000 Crescent and Germana Place. On March 4th, 2019, a settlement Natural Heritage 13.91 higher than the average income of agreement was approved between Vaughan City Council and the The Land Services Group is pleased to offer for sale the property located at 1600 $112,000 in the City of Vaughan. owner. A Case Management Meeting is scheduled for June 26th, Vegetation Protection Zone 1.6 Teston Road (the “Property” or “Site”) in the City of Vaughan. The Site has a Council 2019, where the LPAT is expected to sign off on the settlement Stormwater Management Block 2.57 approved settlement agreement for 90 single detached lots, following an appeal to the agreement. A revised draft plan has been created to ensure a Local Planning Appeal Tribunal (LPAT) by the Mackenzie Ridge Ratepayers Group over buffer between the existing residential lots and the development. Open Space Block 1.09 concerns to the existing adjacent houses. A 10 metre wide open space landscaped Please see Document Centre for further information. Roads 3.63 buffer was proposed to the draft plan to address this. The existing natural heritage features of the Site will be maintained throughout development to enhance the new community. The settlement agreement is expected to be LPAT approved on June 26th, Proximity to Maple and 2019. Rutherford GO Stations The Property provides a significant opportunity to develop premium lots in a high 10 metre wide buffer The Property is ideally located demand area with steady growth. The demand for single detached lots in Vaughan between existing residential within minutes to multiple remains high with nearby developments sold out. DRAFT PLAN units and the development GO stations and local transit routes, providing connections SITE INFORMATION from the Site. SIZE 33.89 ac. OFFICIAL PLAN (AS AMENDED) Natural Areas, Low-Rise Residential ZONING (AS AMENDED) RD1, RD3, RD3 (H), OS1, OS1 (H), OS5 SERVICING Available and allocated as per the City’s approval. Approved1 for 90 Premium Lots ABOUT THE DEVELOPMENT The development consists of lots City Council approved settlement agreement. between 40 ft. to 65 ft., with a APPROVAL STATUS LPAT to approve June 2019. All fees have been paid in the settlement agreement. majority of the lots backing onto green space. TOTAL LOTS 90 APPROXIMATE LOT FRONTAGE 40 ft. to 65 ft. DRAFT PLAN OVERLAY ALL OUTLINES ARE APPROXIMATE 1 Council approved settlement agreement that is expected to be LPAT approved on June 26th, 2019. VAUGHAN DEMOGRAPHICS (WITHIN 3 KM OF THE SITE) RICHMOND HILL Richmond Hill Centre for the Performing Arts 37,880 Total Population Upper Yonge Place 2018 11.9% Population Change 2018-2023 TESTON RD $127,000 Average Household TESTON ROAD EXTENSION Income York Region is in the process of conducting an Maple Downs Golf & Individual Environmental Assessment following Country Club the Minister of the Environment, Conservation and 93% Owned Dwellings Parks approval in December 2018. The assessment is part of the Region’s study to enhance east-west Source: Sitewise, 2019 connectivity to Highway 400 through the extension of DUFFERIN ST Teston Road between Dufferin Street and Keele Street. GERMANA PL Vaughan Fire Station 7-10 GIORGIA CRES OFFERING PROCESS CONFIDENTIALITY AGREEMENT OFFER SUBMISSIONS Potential purchasers that require access to the online Document Centre All offers are requested to be submitted to: are to complete the Confidentiality Agreement and return it to: Mike Czestochowski | [email protected] [email protected] DOCUMENT CENTRE · Executed Settlement Agreement · Zoning By-Law Amendment · Revised Draft Plan · Official Plan Amendment · Elevation and Drawings AMENITIES & NEARBY DEVELOPMENTS AMENITIES Eagles Nest Golf Course 1 DEVELOPMENTS - SOLD OUT 2 Maple Downs Golf & Country Club A UPPER THORNHILL ESTATES Vaughan Mills 3 Developer: Treasure Hill 4 Hillcrest Mall Product Type: Detached (50 ft.) 5 Vaughan Fire Station 7-10 Opening: 2017-09-16 Occupancy: 2018-09 6 Herbert H. Carnegie Public School Units: 15 2 Unit Sizes: 4,641-5,965 sq. ft. 5 Unit Prices: $2,599,900-$2,999,990 6 PSF Range: $500-616 % Sold: 100% (2018-10) A C 1 B B VICTORY HEIGHTS 4 Developer: Vogue Development Group Product Type: Detached (40 ft.) Opening: 2017-04-27 Occupancy: 2018-11 Units: 23 Unit Sizes: 2,662-3,883 sq. ft. 3 Unit Prices: - N/A PSF Range: - N/A % Sold: 100% (2017-06) DEVELOPMENTS - COMING SOON C UPPER THORNHILL ESTATES Developer: Vogue Development Group Product Type: Detached (50 ft.) Opening: 2019-03-02 Mike Czestochowski** Lauren White* Evan Stewart Derek Peacock* Executive Vice President Senior Vice President Sales Representative Associate Vice President T +1 416 495 6257 T +1 416 495 6223 T +1 416 495 6205 T +1 416 495 6237 [email protected] [email protected] [email protected] [email protected] Layout ID:P03 MapId:6187906 *Sales Representative **Broker www.cbre.ca/mclsg CBRE Limited · 2005 Sheppard Ave E, Suite 800 · Toronto, ON, M2J 5B4 *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 4/19 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced..
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