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8 Storey Mixed Use Building with 72 Residential Units PROPERTY INFORMATION Site Area ±0.49 Ac

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8 Storey Mixed Use Building with 72 Residential Units PROPERTY INFORMATION Site Area ±0.49 Ac The Offering 8 Storey Mixed Use Building with 72 Residential Units PROPERTY INFORMATION Site Area ±0.49 ac. CBRE’s Land Services Group is pleased to offer for sale the property located at ±107.58 ft. on Plains Rd East Frontage 35 Plains Road East (the “Site” or the “Property”) in the City of Burlington. The ±204.82 ft. on Cooke Blvd Site has an Official Plan Amendment (OPA) and Zoning By-Law Amendment (ZBLA) that was LPAT approved on July 12, 2018 to permit the development Official Plan (As Amended) Mixed Use Corridor Commercial (Site specific policy) of an 8 storey, mixed-use building with 72 residential units and 2,406 sq. ft. of commercial space at grade level. A Site Plan application still needs to be Zoning MXC-470 (Mixed Use Commercial zone) submitted prior to the issuance of a building permit. (As Amended) Existing Improvements Vacant and Unimproved The Property is extremely well located within the expanding Aldershot market of Burlington where residential, commercial and institutional development has been PROPOSED BREAKDOWN 35 Plains Road East | Burlington, Ontario focused in recent years. This area is well serviced by transportation including Height 8 Storeys Highway 403, 407, 401 and the Queen Elizabeth Way (QEW). The Property 1 Bedroom 16 units is also located within walking distance of the Aldershot GO Station, providing 2 Bedroom 48 units convenient access to Union Station and other major transportation hubs across Unit Breakdown 3 Bedroom 8 units the GTA. There are a plethora of amenities within immediate proximity of the Site including big-box retail centres, financial institutions, educational facilities, Total Units 72 Residential Units as well as parks and recreational space including the famous Royal Botanical Gardens. 100 parking spaces in total Lake Ontario Parking Spaces (2 levels underground garage and 20 spaces above grade) The City of Burlington remains one of the most desirable cities to live in the Residential GFA 83,617 sq. ft. GTA, which reaffirms the demand for new housing development within the city. GFA Commercial GFA 2,406 sq. ft. The city continues to invest in local amenities such as; the Burlington Pier, the Total GFA 86,023 sq. ft. Burlington Performing Arts Centre, the Joseph Brant Museum, the Joseph Brant Hospital renovation and the Burlington Beach Walk/Bike Trail - all of which are Section 37 $225,000 (To be paid by purchaser) in close proximity to the Site. On July 12, 2018 the LPAT approved the Official Plan amendment and Zoning By-law amendment for the Site. Site The following features present a rare and exciting opportunity to develop in the Status Plan approval and Building Permits are required prior to highly sought after City of Burlington. construction. WATERDOWN RD PLAINS RD E COOKE BLVD COOKE BLVD COOKE ALL OUTLINES ARE APPROXIMATE PLAINS RD E Conceptual Rendering CONTEXT PLAN (KIRKOR ARCHITECTS AND PLANNERS, 2017) 8 Storey Mixed Use Building with 72 Residential Units 35 Plains Road East | Burlington Location & Nearby Amenities O W N B U R L I N W N T G T O Joseph Brant General Hospital D O N Mapleview Mall 5 MINUTE DRIVE Burlington Canal Lift Bridge 8 MINUTE DRIVE Burlington Golf & Country Club 4 MINUTE DRIVE Lake Ontario Aldershot Tennis Club 300 2 MINUTE DRIVE 101 Glenview Public School 9 MINUTE WALK Aldershot Station LaSalle Park & Marina 2 MINUTE DRIVE | 5 MINUTE BUS | 11 MINUTE WALK 8 MINUTE WALK 1 COOKE BLVD Aldershot High School PLAINS RD E 7 MINUTE WALK WATERDOWN RD 1x Lakeshore West GO Train Line Time from Aldershot GO Conveniently located <1 km to Aldershot GO station, providing convenient access to major transportation hubs across the GTA and GGH. See below for approximate travel times. Hamilton GO Centre 17 Mins Clarkson GO1 32 Mins West Harbour GO 14 Mins Port Credit GO 41 Mins Aldershot GO X Long Branch GO 48 Mins Burlington GO1 6 Mins Mimico GO 53 Mins 11 MINUTE DRIVE Appleby GO1 13 Mins Exhibition GO 58 Mins The Royal Botanical Gardens Sound of Music Festival, Spencer Smith Park Bronte GO1 18 Mins Union Station1 57 Mins The Royal Botanical Gardens is a 5 minute drive away from the Oakville GO1 24 Mins Union Station 70 Mins City of Burlington named Canada’s best mid-sized city five years in property. With 2,700 acres of cultivated gardens and natural land, a row by MoneySense (2013-2017). 1 it is the largest botanical garden in Canada. Rush Hour Express Train Schedule Nearby Developments & Surrounding Amenities Offer Submission Confidentiality Agreement Potential purchasers that require access to the Document Centre must complete a CA and return it to: [email protected] Document Centre Offer Submissions Dundurn Castle Burlington Pier McMaster University • Air Quality Assessment • Phase 1 & 2 ESA All submissions are requested to be submitted to: • Architectural Drawings • Planning Justification Report • Boundary and Topographic Survey • Site Grading Plan Mike Czestochowski** | [email protected] COMMERCIAL AMENITIES • Functional Servicing Report • Site Servicing Plan 1 CBRE Limited Mapleview Shopping Centre HWY 407 • Geotechnical Report • Traffic Impact Study 2 Ikea 2005 Sheppard Avenue East, Suite 800 • Groundwater Report • Development Agreement Toronto, ON M2J 5B4 3 Downtown Burlington 5 HWY QEW • Landscape Drawings • Section 37 4 Best Buy 4 • Noise Feasibility Study • LPAT Decision 5 Costco FAIRVIEW ST3 6 Downtown Hamilton B 5 3 2 BRANT ST RETAIL AMENITIES 2 NEW ASKING PRICE: $4,950,000.00 1 Fortinos 1 2 Longo’s WATERDOWN RD 2 4 Lake Ontario 3 LCBO 1 HWY QEW MAPLE AVE3 4 Shoppers Drug Mart 3 HWY 403 5 Esso A D 6 Royal Bank of Canada 4 C 1 PARKS & OPEN SPACE PLAINS RD E 6 DRIVE TIMES 1 Burlington Golf And Country Club 5 2 Royal Botanical Gardens 5 6 2 MINS TO HWY 403 3 Spencer Smith Park 6 4 MINS TO HWY 407 4 Dundurn Castle 5 MINS TO HWY QEW 5 Hidden Valley Park PLAINS RD E 11 MINS DRIVE TO HAMILTON 6 LaSalle Park & Marina 12 25 MINS TO HWY 401 INSTITUTIONAL AMENITIES 45 MINS DRIVE TO TORONTO HWY 403 1 McMaster University 2 YMCA 3 Central Arena 4 Burlington Central HWY QEW 5 Burlington Public Library COOKE BLVD 6 Aldershot High School 4 1 6 An application has been submitted to permit the development of 450 residential units with grade level commercial uses at 53-71 Plains Rd E and Active Condominium Developments 1025 Cooke Blvd. Unit Sizes Range Opening Occupancy Height (SF) Unit Prices (PSF) Units Sold % Status Conceptual Floor Plate (KIRKOR ARCHITECTS AND PLANNERS, 2017) A Affinity Condominiums by Rosehaven Homes - Building B 5/30/2017 1/2/2020 6 Storey 575-1,272 $359,990-$693,990 $550-$631 65 33 (51%) Active Evan Stewart Lauren White* Mike Czestochowski** Derek Peacock* B Paradigm by Molinaro Group - East Tower Sales Representative Senior Vice President Executive Vice President Associate Vice President 2/21/2017 11/1/2019 20 Storey 556-1,118 $369,900-$559,000 $455-$668 189 100% August 2018 T 416 495 6205 T 416 495 6223 T 416 495 6257 T 416 495 6237 [email protected] [email protected] [email protected] [email protected] C Condominiums at Stationwest by ADI Development Group - Building A and B *Sales Representative **Broker 10/15/2016 1/1/2020 6 Storey 338-831 $198,990-$589,990 $589-$733 174 171 (98%) Active All outlines contained in this document are approximate. CBRE Limited · 2005 Sheppard Ave E · Suite 800 · Toronto, ON · M2J 5B4 Affinity Condominiums by Rosehaven Homes - Building A 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, D 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 10/1/2016 4/1/2019 6 Storey 687-1,101 $406,990-$585,990 $522-$594 110 106 (96%) Active 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: Canadian Mapping www.cbre.ca/mclsg Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth (05/2019). 35 Plains Road East | Burlington.
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