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Development Opportunity LANDMARK DEVELOPMENT OPPORTUNITY ±328 ACRES STONE RD E VICTORIA RD S GUELPH JUNCTION RAILWAY CLYTH CREEK WATSON PRKWY S YORK RD VICTORIA ROAD SOUTH & STONE ROAD EAST · GUELPH, ON INVESTMENT HIGHLIGHTS CONSERVATION LANDS GU TURFGRASS LANDS (ARIO) EL PH JU CLYTH CREEK CLOSE PROXIMITY TO AMENITIES N C The offering is ideally located in close T proximity to the University of Guelph, I O the Downtown core and multiple transit FORMER WELLINGTON DETENTION N options, which all benefit the future uses CENTRE LANDS (MGCS) VICTORIA RD S R on-site. A I L W A Y SIGNIFICANT MIXED-USE STONE RD E DEVELOPMENT OPPORTUNITY The policies designating the properties allows for the development of a compact mixed-use community that provides for a variety of employment and residential opportunities. Source:uoguelph.ca The Offering GUELPH LANDS INFORMATION DEVELOPMENT INCENTIVES The City of Guelph has a Brownfield On behalf of Infrastructure Ontario (“IO”) and the Agricultural Research Total Size 328.6 acres Redevelopment Community Improvement Institute of Ontario (“ARIO”), CBRE’s Land Services Group is pleased to offer Plan (CIP) to incent and stimulate 3,539 feet along Stone Rd E for sale the lands located at the northeast corner of Stone Road East and Frontage 4,832 feet along Victoria Rd S redevelopment of the area through potential Victoria Road South within the City of Guelph, on an as-is where is basis. tax and remediation assistance (TIBG) and The sites are located within the new Guelph Innovation District (“GID”) Official Plan OPA 54 an environmental study grant (ESG). Secondary Plan, known as OPA 54, designating the properties for a mix of UNIVERSITY OF GUELPH employment, residential, commercial and natural heritage uses. Together, Secondary Plan Guelph Innovation District (GID) the lands total approximately 328.6 acres, with 3,539 feet of frontage along Stone Road East and 4,832 feet along Victoria Road South. The Eramosa Source:downtownguelph.com Source:skyscrapercity.com Potential mixed use residential and River is located directly east of the properties. Zoning employment (Guelph Innovation District Secondary Plan) FAVOURABLE GROWTH The offering is divided into three properties known as the Conservation AND DEMAND Lands, Turfgrass Lands and the Former Wellington Detention Centre GM Frost Centre and outbuildings Existing Conditions are located on the Turfgrass Lands, (“FWDC”) Lands. The Turfgrass Lands and FWDC Lands will be developed The sites directly benefit from the favourable of which ARIO is the owner. for a mix of employment uses, including office and administrative facilities, demographics of the city and the significant as well as residential uses. The proximity of the sites relative to the University demand for residential, including low and of Guelph allows for direct connections to future employment uses on-site. INDIVIDUAL PROPERTY INFORMATION medium density product. The population GUELPH CITY HALL A mix of densities is anticipated throughout the Secondary Plan. within a 1km radius of the sites is expected to increase 14% by 2025, which is more Size: 36.7 acres Source:publicgardens.org than double that of the entire city (SiteWise, Demand for low density residential continues to rise throughout the outer Conservation Lands PIN: 712360104 2021). GTA markets, especially in Guelph, where standing inventory is at a record low. As per Altus RealNet, there are currently 5 lots (detached and semi- Size: 267.8 acres detached) in total amongst the active developments that are remaining in Turfgrass Lands PIN: 712360125 Ownership: ARIO (88%) inventory. There are 4 low density developments listed as coming soon which show a total of 35 lots to be released (RealNet, 2021). The City of Guelph Former Wellington Size: 24.1 acres remains a highly desirable place to both live and work, and as such, the Detention Centre PIN: 712360118 offering presents a unique opportunity to create a landmark development Lands Ownership: MGCS (12%) and new community. THE ARBORETUM DOWNTOWN GUELPH 2 3 LAND USE MAP (AS PER OPA 54) YORK RD CLYTH CREEK G UE LP CONSERVATION LANDS VICTORIA RD S TURFGRASS LANDS (ARIO) H JUN CT ION RA ILW AY WATSON PKWY S STONE RD E FORMER WELLINGTON DETENTION CENTRE LANDS (MGCS) VICTORIA RD S VICTORIA PLANNING & LAND USE SUMMARY DEVELOPMENT INCENTIVES STONE RD E The GID Secondary Plan (OPA 54) was approved August 10, 2017 having been In order to ensure that development can initiated by the city in early 2005. The Secondary Plan provides a planning framework proceed in a timely manner, the city has offered and guidance for how and where growth shall be focused on the lands to the east of a number of incentives to help stimulate Victoria Road South, south of York Road, west of Watson Parkway South and along development. A Block Plan process document Stone Road East, on both the north and south side. The Eramosa River runs directly has been prepared to outline a streamlined through the Secondary Plan, in which the properties are located on the west side of approach for any purchaser to achieve optimal the river. timelines in their development application process. The vision for the lands is a compact, mixed-use community in the east end of the city, that serves predominantly employment uses with a mix of residential and commercial The City of Guelph also has a Brownfield Approximate Land Use Designation uses. A series of objectives have been outlined within the plan, which look towards Redevelopment Community Improvement Size pedestrian-friendly and transit-oriented development, a diversity of compatible land Plan (CIP) that provides grants, tax assistance Residential 88.6 ac. uses and densities, and the promotion of innovative employment uses. and remediation assistance to help stimulate redevelopment on brownfield lands, of which Employment Mixed-Use 1 98.8 ac. The properties are designated for a variety of uses that provide a unique and the properties would qualify for. significant opportunity to develop a landmark mixed-use community within the highly Employment Mixed-Use 2 5.4 ac. desirable City of Guelph. Mixed-Use Corridor (GID) 35.7 ac. Please see the Document Centre for all Significant Natural Areas & Natural Areas 100.1 ac. BLOCK plans and policies relating to the sites. PLANS The city has identified Block Plan areas to be developed in accordance with the Population Employment Residential Density Employment Density Target Target (units/net hectare) (jobs/ net hectare) policies of the Secondary Plan. Block Plans will demonstrate conformity with the policies of the Secondary Plan including, but not limited to: road pattern; location; BLOCK PLAN AREA 1 4,600 1,700 75 135 size and configuration of parks; density and distribution of housing types; and the achievement of population and employment targets. BLOCK PLAN AREA 2 N/A 2,500 N/A 90 4 5 AMENITIES TRANSIT AND ACCESSIBILITY & NEARBY DEVELOPMENTS INSTITUTIONS & LANDMARKS 18 19 11 1. University of Guelph 2. The Arboretum 3. Conestoga College - Guelph 4 FORMER WELLINGTON DETENTION COMMERCIAL AMENITIES 5 CENTRE LANDS (MGCS) C VICTORIA RD S 4. Guelph City Hall Source: kayak-ontario.com 5. Downtown Guelph 10 6. Stone Road Mall TURFGRASS LANDS (ARIO) 7. SmartCentres Guelph STONE RD E ON RAILWAY 7 GUELPH JUNCTI PARKS & RECREATION D CLYTH CREEK Source:facebook.com /GuelphAirpark CONSERVATION LANDS 8. Cutten Fields Golf Course GUELPH AIRPARK 9. Royal City Jaycees Park 9 10. Eastview Community Park 11. Guelph Lake Conservation Area 5 GUELPH LANDS 4 BUSINESS PARKS 3 8 2 12. Hanlon Creek Business Park 1 13. University of Guelph Research Park B A 13 6 12 F Source:fineartamerica.com E CONNECTIVITY Source: stackoverow.com The properties are well positioned to benefit from the significant amenities and services that Guelph has to offer. The sites are well connected through various local transit routes, including route 18, 19, 4 and 5 that run along Victoria Road South. As the lands OLD QUEBEC STREET MALL Source:mapcarta.com within the Secondary Plan develop, greater public SURROUNDING DEVELOPMENTS transit options will be developed alongside to ensure that the area becomes an accessible community. Development Project Type Opening Occupancy Size (sq. ft.) Price $/sq. ft. Units Sold The city is also well serviced by regional transit Low Density Developments options including GO rail and bus services and VIA Rail routes, providing connections to Kitchener- Royal Valley by Country Semi-Detached (18 ft.) 1,489 to 2,070 $729,900 to $849,900 $435 to $557 18 17 (94%) Waterloo to the west and the City of Toronto to the 11/7/2020 2022-01 A Green Homes east. Additionally, Highway 401 is in close proximity Detached (30 and 40 ft.) 2,028 to 3,300 $839,900 to $1,250,900 $387 to $444 11 8 (72%) to the properties, providing immediate highway Royal Valley by Mikmada Townhouse (20 ft.) 1,477 to 1,619 $779,900 to $809,900 $412 to $528 14 13 (93%) access to the sites for future residents and workers. B 11/7/2020 2022-01 Homes Detached (30 and 40 ft.) 2,110 to 2,187 $979,900 to $999,900 $414 to $469 16 15 (94%) COVERED BRIDGE GUELPH CENTRAL STATION Source:under-thesun.ca Hillside Townhomes in Townhouse (20 ft.) 1/14/2020 2020-03 1,786 to 1,801 $569,900 to $609,900 $313 to $339 21 21 (sold out April 2021) C Guelph 54 (sold out Sept 2020 © 2021 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”).
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