26 2315 FAIRGROUNDS ROAD WASAGA BEACH - LoopNet
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2315 FAIRGRO U N DS R OA D · WA S AGA BEACH
Georgian Bay
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OFFICIAL PLAN SIGNIFICANT DUE SURROUNDING
DESIGNATION DILIGENCE COMPLETED DEVELOPMENT & GROWTH
Designated within the Official Plan for a mix of high and medium density Significant due diligence has been undertaken including a Phase I ESA with no Wasaga Beach has been experiencing significant growth, with 76 active and
residential uses and commercial development to facilitate a new lifestyle identified environmental concerns for the Property (please see the Document proposed development applications within the Town as of February 2018. The
O FFICIAL P L A N D ES IG NAT ED community within West Wasaga Beach. Centre for further studies and reports). Town of Wasaga is projected to grow almost 7% in the next 4 years. (StatsCan, 2018)
2 3 1 5 FAIR G R OU N D S ROA D · WA S AG A B E AC H Development Charges
Singles & Rows & Other
The Land Services Group is pleased to offer for sale the property at 2315 Type Apartment
Semis Multiples
Fairgrounds Road (the “Property” or “Site”) in Wasaga Beach, known as the
The Town of Wasaga $20,192 $16,953 $13,870
West Wasaga Lifestyle Community. The Property has an Official Plan Amendment
(OPA) that designates the Site Residential, High Density Residential, Tourism Simcoe County (By-Law 6555) $8,983 $7,447 $5,070
Commercial and Open Space. As per Section 7.4.4, this community will Education Development Charge (EDC)2 $1,759 per dwelling3
primarily contain medium and high density residential uses, providing for Total $30,934 $26,159 $20,699
a significant development opportunity within close proximity to Georgian 2
Simcoe County District School Board and Simcoe Muskoka Catholic District School Board
Bay and nearby waterfront parks. The vendor is currently in the process of a 3
EDC is currently undertaking a new by-law review. As per conversations with the School Board Staff the new by-law is expected to
obtaining a second OPA to redesignate the Tourism Commercial portion of come into force November 2018. The new combined rate is proposed to be $5,064.
the Property to Residential. As per Town Staff, a public meeting regarding the
OPA is being held on October 11, 2018.
Georgian Bay
As per the Official Plan, a portion of the Site is designated High Density
Residential and is intended to be used for the development of partial ownership
units (Please see Document Centre for Official Plan Amendment). Building
heights shall not exceed 4 stories, although one additional storey of above
grade parking may also be permitted for a total of 5 stories. Medium density
residential refers to semi-detached, linked semi-detached, duplexes, triplexes,
link and street townhouses.
The offering provides a significant opportunity to develop a lifestyle community
that will benefit from being within close proximity to a number of outdoor and
recreational amenities, including the shores of Georgian Bay and Blue Mountain.
Size 34.56 acres
± 1,734 feet on Beachwood Road
Frontage
± 486 feet on Fairgrounds Road
Residential; Tourism Commercial;
Official Plan1
High Density Residential; Open Space
Zoning
CR (Recreational Commercial)
(By-Law 2003-60)
Servicing Services are available at the lot line
* It should be noted that the Town is undergoing an Official RD
2018 Property Taxes D
(Municipal, County, Education)
$15,609.83 Plan review. As per conversations with Planning Staff, the OO
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review is anticipated to be finished in 2019. AC
1
It should be noted that the Town is undergoing an Official Plan review. As per conversations with Planning Staff
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that began in 2017, the review is anticipated to be finished in 2019.
Official Plan Land Use Map
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NDS RD
FAIRGROU
ALL OUTLINES ARE APPROXIMATE
Offer Submission
Confidentiality Agreement
Potential purchasers that require access to the Document Centre must complete a CA and return it to: jason.child@cbre.com
Document Centre Offer Submissions
»» Survey »» Water and Sewage Assessment All offers are requested to be submitted to:
»» Preliminary Geotechnical Investigation »» Environmental Impact Study
»» Environmental Noise Analysis »» Phase 1 Environmental Site Assessment Jason Child | jason.child@cbre.com
»» Traffic Impact Report »» Wetlands and Fisheries Update CBRE Limited
»» Functional Servicing Report »» Natural Heritage Site Inventory Report 2005 Sheppard Avenue East · Suite 800
»» Conceptual Site Plans »» Official Plan Amendment #10 Toronto, ON · M2J 5B4
Asking Price: $9,500,000
Amenities & COMMERCIAL AMENITIES SCHOOL & HOSPITAL
Developments 1. Great Northern Exhibition 8. St. Noel Chabanel Catholic Elementary School
2. Wasaga Plaza 9. Collingwood General and Marine Hospital
3. Wasaga Beach YMCA
NEARBY DEVELOPMENTS
PARKS & OPEN SPACE 10. Village of Trillium Forest
4. Cedar Grove Park 11. Stonebridge by the Bay
5. Wasaga Beach Provincial Parks 12. Golf Side Estates
6. Wasaga Beach Cross Country Skiing 13. Harmony Heights
7. Sunset Beach Point 14. Riveryway
15. Georgian Sands
11 15
16. Monaco 12
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SUBJECT PROPERTY 2
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1
10
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COLLINGWOOD
REGIONAL AIRPORT
Opening Occupancy Type Size (SF) Home Price Range (PSF) Units % Sold
Monaco by Stonebrook Developments and YYZed Project Management
2017-11 2020-04 Apartment 645-1,444 $349,990-$1,085,990 $470-$752 127 51%
Riverway by Centurio Homes
2017-10 2018-10 Detached 1,636-2,095 $539,990-$609,990 $291-$339 20 20%
Harmony Heights by Mamta Homes
2017-06 2017-06 Detached 1,890-2,121 $629,900-$749,900 $330-$413 5 40%
Village of Trillium Forest by Zanchor Homes
2017-05 2017-12 Townhouse 1,327-2,278 $439,990-$529,990 $221-$351 49 51%
2014-01 2014-12 Detached 1,175-2,840 $373,990-$619,990 $171-$442 104 98%
Stonebridge by the Bay by The Stonebridge Building Group Inc.
2017-05 2018-02 Townhouse 2,126-2,386 $489,900-$540,000 $205-$242 13 30%
Georgian Sands by Elm Developments
2016-11 2018-11 Detached 1,414-2,017 - - 141 Sold Out (2018-14)
2016-10 2018-11 Townhouse 1,432-1,598 $253,900-$289,900 $167-$181 168 Sold Out (2018-14)
Golf Side Estates by JDC Homes
2016-10 2016-06 Detached 1,567-1,716 $549,900-$579,900 $338-$351 41 41%
Jason Child* Daniel Satoor Ian Hunt* CBRE Limited
Senior Vice President Sales Representative Senior Vice President 2005 Sheppard Ave E,
416 495 6249 416 495 6203 416 495 6268 Suite 800
jason.child@cbre.com daniel.satoor@cbre.com ian.hunt@cbre.com 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 9/18
www.cbre.caTo Receive the Due Diligence Package Please Complete and Return to jason.child@cbre.com
CONFIDENTIALITY AGREEMENT FOR 2315 FAIRGROUNDS ROAD, WASAGA BEACH, ON
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); has been retained by the vendor to arrange the sale of 2315 Fairgrounds Road,
Wasaga Beach, Ontario (the “Property”). All inquiries and communications with respect to the Property shall be directed to any of the listing agents of
CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information, which has not been generally
disclosed to the public, for use in evaluating a potential purchase of the Property.
In exchange for good and valuable consideration provided by the vendor and CBRE, we agree to keep confidential any and all information supplied to
us concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of
anyone else) other than for the evaluation of the Property with respect to a potential purchase.
We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors collectively,
(“representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such
representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible
for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to
act on our behalf, will be compensated by us.
We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned
Property to the vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this
transaction.
We agree to read and examine all material provided by the vendor on the above-mentioned Property and will do so prior to submitting an Agreement
of Purchase and Sale or Letter of Intent.
We agree to return all documentation provided herewith, and any notes or copies made thereof if we decide not to pursue or complete this
opportunity. We also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either
before or after cessation of our pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.
We acknowledge that the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for
the protection of the vendor and CBRE.
We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a
substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this
Agreement. CBRE and the vendor also reserve the right not to release information.
The buyer agrees to continue to work through the Land Services Group at CBRE Limited for the above-mentioned property including offers within 12
months after the expiration of the Listing Period, so long as the buyer wishes to make any offer within said time-frame and the buyer was introduced to
the Property during the Listing Period or shown the Property during the Listing Period, which the Buyer has acknowledged by signing below.
The buyer agrees that any and all communication with regards to this Property shall be done so through CBRE. The buyer and or their representative
will not at any time contact the vendor directly.
CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality
Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no
circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or
CBRE. A digitally submitted or a scan of a signed copy of this Agreement shall be deemed to be original signed copy.
THE SECTION BELOW MUST BE COMPLETED IN FULL PRIOR TO ANY INFORMATION BEING RELEASED.
Proponent Name Representative/Advisor
Company Company
Email Address Email Address
Additional Email 1 Additional Email
Additional Email 2 Phone Number
Date Signed Date Signed
Signature Signature
Instructions
(I have the authority to bind the Corporation)
Submit CA
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (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.You can also read
