SIGNIFICANT INFILL DEVELOPMENT OPPORTUNITY - CBRE
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± 8.9 ACRES
SIGNIFICANT INFILL
D E V E L O P M E N T O P P O R T U N I T Y
WANLESS DR
DY RD
KENNE
MAYFIELD RD
ST
IO
TAR
N
RO
HU
HWY 41
0 HIGHW
OOD RD
12197 HURONTARIO ST, BRAMPTON
12211, 12213, 12231 HURONTARIO ST, CALEDON
&
ABOUT
T H E O F F E R I N G STRONG RESIDENTIAL INFILL DEVELOPMENT FAVOURABLE L AND USE
MARKET AFFLUENT COMMUNITY OPPORTUNITY POLICIES
CBRE’s Land Services Group is pleased to offer for sale 12197 Hurontario Street in the
City of Brampton and 12231, 12211 & 12213 Hurontario Street in the Town of Caledon Low inventory market with nearby pricing Average household income of $147,804 The location of the Site presents a significant Current land use policies and feedback from
(collectively the “Property” or “Site”). The Property is approximately 8.9 acres in total and for townhouse and detached units upwards within a 1km radius – over 33% higher than opportunity for an infill development within both municipalities are supportive of a cohesive
is bifurcated by the border of Caledon and Brampton, with the majority of the Site being of $1,119,900 and $1,504,900 respectively. the City of Brampton average of $111,126 a stable neighbourhood of Brampton and residential development, allowing the opportunity
within Caledon. The Sites are designated to allow for a variety of residential uses and (RealNet, 2021) (StatsCan, 2021). Caledon, that is minutes to Highway 410. to build a variety of built forms including single
detached and townhouse units.
built forms providing a significant opportunity for an infill development within a stable
neighbourhood.
The single family home market in both Caledon and Brampton are experiencing a surge
in demand, with the immediate surrounding area being one of the more affluent markets,
achieving top value range for low rise product. Located southwest of the Site at McLaughlin
Road and Mayfield Road is the Caledon Trails project by Laurier and Yorkwood Homes,
which sold over 90% of the total units in the first 3 months of opening (February, 2021),
with pricing for the detached and townhouse units achieving upwards of $1,504,900
and $1,119,000 respectively. With low inventory across both municipalities, this offering
presents an exciting opportunity for a wide range of developers.
CONSERVATION DRIVE PARK WANLESS DR
The Property is ideally located within proximity to a range of sought after transit options,
schools, parks and amenities. Located just south of Highway 410 provides direct
connections to other major 400 series highways across the GTA. BRAMPTON GO
15 MIN
ST. RITA ELEMENTARY
PROPERTY INFORMATION
SCHOOL
12197 Hurontario Street: 1.3 acres (Parcel A)
MAYFIELD RD
12211 Hurontario Street: 1.6 acres (Parcel B) ETOB
12213 Hurontario Street: 0.3 acres (Parcel C) ICOK
Total Size: E C
12231 Hurontario Street: 5.8 acres (Parcel D) RE
EK
TOTAL: 8.978 acres SUMMER VALLEY
I
Depth: 625.6 ft. (irregular) A HIGHWOOD RD
Frontage: 665.8 ft. along Hurontario Street C B
Low Density Residential (Brampton) & D
Official Plan:
Residential Policy Area B (Caledon)
Zoning: Agricultural (Brampton) & Highway Commercial (Caledon)
A 12197 Hurontario St, Brampton
T
Existing Conditions: OS B
Vacant and Unimproved ARI 12211 Hurontario St, Caledon
ONT
A Record of Site Condition (RSC) was filed to residential HUR
Environmental: standards for the Site. Please see Document Centre for C 12213 Hurontario St, Caledon
more information. CALEDON FIRE
D 12231 Hurontario St, Caledon
Servicing will be provided by existing services adjacent to STATION 307 HW
Y4
the Site along Hurontario Street. These services are provided 10
by the Region of Peel, therefore there should be no issues CALEDON PUBLIC
Servicing:
with regards to it being provided by one municipality or LIBRARY
another. As per conversations with the Region there should
be no issues with capacity either.
Etobicok e Cr
HEART LAKE RD
PLANNING
KENNEDY RD
HURONTARIO ST
CON 3 EHS
MCLAUGHLIN RD
A N D L A N D U S E CON 2 EHS
CHINGUACOUSY RD
CON 1 EHS
Situated at the northeast corner of Hurontario Street and Highwood Road, the Site is bifurcated by
Caledon and Brampton and as such the policies of both municipal Official Plans will need to be taken
CON 1 WHS
into consideration. 12197 Hurontario Street, which is in Brampton and located in the Snelgrove-Heart
CON 2 WHS Lake Secondary Plan, is designated Low Density Residential, allowing for a variety of residential uses
DIGREEN HOMES
COSCORP INC .
STARLANE HOMES to be built. 12211, 12213 and 12231 Hurontario Street, located in Caledon, is designated Residential Policy
100 % Sold Out OL R D Area B,6 which 10allows for a range of low, medium and high density residential uses. For low density
100% Sold Out O LD SCHO
DIGREEN HOMES 100% Sold Out (within first month of opening) residential up to 30 units per net hectare (12 units per net acre) are permitted, 30-44 (12-18 units per
100% Sold Out net acre) units per net hectare for medium density and for high density residential 45-87 (18-35 per net
acre) units per net hectare. As per section 5.10.4.3.3.2., development in this area will be integrated with
adjacent residential proposals in the City of Brampton, allowing for a cohesive development on the
LOT 22
Property. There are currently two access points off of Hurontario Street.
¹
!
6 A minimum setback may need to be respected from Highway 410 to the north of the Site, although this
will be determined during the Site Plan process. At minimum any development of the Property will need
April 2018
Schedule B
noVcost
is O
to maintain a 14m setback from the MTO property limits to the north. Please note there B D DR
A IRsharing E
LOT 21
agreement for the Property.
¹
BOVAIRD DR W
N
NEDY R2D
ORCHA R
1 LAND USE MAP
MAYFIELD WEST
ROYAL VALLEY DR CALEDON LAND USE MAP BRAMPTON
N
SNELCREST DR
KENSAVED:
ROYA DR
(Snelgrove-Heart Lake Secondary Plan)
MAIN ST
LAND USE PLAN
0
WY 41
LOT 20
H
!
L
D
SUBJECT PROPERTY
!
OB
RY
C
!
D B SUBJECT PROPERTY 410
B
Etobicok e Cr
HEART LAKE RD
A
EMPLOYMENTPrimeINSTITUTIONAL
Agricultural Area
R D
ALOT 19 OD
O
HW
COMMERCIAL
Residential Area
DIXIE RD
MAYFIELD WEST PHASE 2
HIG RESIDENTIAL
KENNEDY RD
14
ResidentialPolicyPolicy Area
SECONDARY PLAN AREA HUR
ONT
HURONTARIO ST
CONVENIENCE RETAIL ELEMENTARY SCHOOL
ARI GENERAL EMPLOYMENT 1
Residential Area Low
LOWDensity
DENSITY MAYFIELD RD
Residential
RESIDENTIAL
GENERAL EMPLOYMENT Environmental Policy Area
OS
T
CON 3 EHS
LOT 18
DISTRICT RETAIL
Open Space Policy
K EArea
2 MIDDLE SCHOOL LOW DENSITY 1 RESIDENTIAL
CON 2 EHS
2 2
CALEDON
Y HIGHLIGHTS
For details of this area refer to Schedule
2 B-1
TOWN OF
General Commercial
"Snell's Hollow Secondary Plan Area - Land Use Plan"
HIGHWAY AND SERVICE
D RD COMMERCIAL SECONDARY SCHOOL
RAMPTON PRESTIGE INDUSTRIAL C
MAYFIEL CITY OF B For details of this area refer to Schedule B-2 MEDIUM DENSITY RESIDENTIAL
CON 1 EHS
Institutional
"Mayfield West Phase 2 Secondary Plan Land Use Plan"
HIGHWAY COMMERCIAL
A 12197 Hurontario St, Brampton
F FIRE STATION MEDIUM / HIGH DENSITY RESIDENTIAL
MIXED EMPLOYMENT COMMERCIAL
B 12211 Hurontario St, Caledon Mixed High/Medium Density Residential
INSTITUTIONAL
HIGH DENSITY RESIDENTIAL
1 SPECIAL SITE AREA
4 Academic/Research Campus
Prestige Industrial
NEIGHBOURHOOD RETAIL PLACE OF WORSHIP
C 12213 Hurontario St, Caledon Situated within a
Situated within a stable Existing designations
General Industrial
10 2
rapidly growing node of
SERVICE COMMERCIAL
D 12231 Hurontario St, Caledon residential neighbourhood allow for a variety of
residential built forms Caledon and Brampton
The single family home market in both Caledon and Brampton have experienced a tremendous
surge in demand over the past 12 months. Fueled by low borrowing costs and the prevailing
effects of work from home, more home buyers are entering the market with a preference
for product in these markets. Over the past year, there have been 585 new home sales in N E A R B Y A C T I V E D E V E L O P M E N T S
Brampton and 602 new home sales in Caledon, with only 258 currently available for sale
across both municipalities. The immediate area surrounding the Site represents both Caledon
MARKET and Brampton’s more affluent submarkets, with the average income within a 1km radius over
33% higher than the City of Brampton average. Active developers in the area are experiencing
highly successful product launches, selling the bulk of their units in the first month(s) of launch
O V E R V I E W Starlane. Namely, the Caledon Trails project by Laurier and Yorkwood Homes, which opened OPENING O C C U PA N CY TYPE UNIT SIZES (SF) UNIT PRICES RANGE (PSF) UNITS SOLD (%SOLD)
in February 2021, sold 242 of their 262 unit project in the first 3 months of sales, achieving
pricing upwards of $1,119,9000 for the townhouse units and $1,504,900 for the detached units. 1) Creditview Woods by Coscorp Inc.
The continued strength of this market, in addition to the low level of inventory presents an
5/1/2021 5/1/2022 Townhouse (WS 18') 1,504 $851,990 $566 20 17 (85%)
outstanding opportunity for a developer to capitalize on this momentum and introduce a new
and exciting project to the area. 5/1/2021 5/1/2022 Townhouse (RL 19') 1,906 $884,990 $484 23 17 (84%)
2) Amber Woods by Stanford Homes
3/1/2021 9/1/2021 Townhouse (WS 18') 2,239 to 2,672 $909,990 to $1,059,990 $392 to $406 23 12
3) Caledon Trails by Laurier Homes and Yorkwood Homes
CALEDON CLUB BY ZANCOR HOMES AND FERNBROOK HOMES
2/6/2021 3/1/2022 Townhouse (RL 20') 1,950 to 2,600 $939,900 to $1,119,900 $408 to $482 93 (42 TBR) 84 (90%)
SUBJECT PROPERTY
2/6/2021 3/1/2022 Detached (T 36') 2,440 to 3,033 $1,229,900 to $1,334,900 $436 to $510 88 (24 TBR) 81(92%)
2/6/2021 3/1/2022 Detached (T 38') 2,655 to 3,500 $1,349,900 to $1,504,900 $426 to $511 84 (22 TBR) 77 (92%)
4) Caledon Club by Zancor Homes and Fernbrook Homes
4 11/14/2020 6/1/2022 Townhouse (RL 20') 1,675 to 2,364 $909,990 to $1,029,990 $436 to $543 137 (10 TBR) 55 (78%)
Source: buzzbuzzhome.com
10/24/2020 6/1/2022 Detached (WS 30') 1,851 to 2,611 Not available Not available 180 75 (87%)
C A L E D O N T R A I L S B Y L A U R I E R H O M E S A N D YO R KWO O D H O M E S
3
10/31/2020 6/1/2022 Detached (WS 38') 2,418 to 3,128 Not available Not available 50 (4 TBR) 49 (98%)
5
5) Ellis Lane by Poetry Living
7/25/2020 8/1/2021 Detached (WS 30') 1,780 to 2,407 $859,000 to $937,000 $389 to $483 21 (3 TBR) 21 (100%)
7/25/2020 8/1/2021 Detached (WS 38') 2,118 to 2,726 $975,000 to $1,055,000 $387 to $460 47 (1 TBR) 47 (100%)
CALEDON CLUB BY ZANCOR HOMES AND FERNBROOK HOMES ELLIS LANE BY POETRY LIVING A M B E R WO O D S B Y S TA N F O R D H O M E S
Source: newhomes.livingrealty.com
C A L E D O N T R A I L S B Y L A U R I E R H O M E S A N D YO R KWO O D H O M E S
1
2
TBR = To Be Released
Caledon Brampton Source: buzzbuzzhome.com Source: buzzbuzzhome.com Source: stanfordhomes.ca
Source: stanfordhomes.ca
(Altus RealNet, 2021)
OFFERING P R O C E S S
CBRE has been retained by the vendor as the exclusive advisor to seek proposals for the Confidentiality Agreement:
disposition of 12197 Hurontario Street in the City of Brampton and 12231, 12211 & 12213 Potential purchasers that require access to the
Hurontario Street in the Town of Caledon (the “Property”), Ontario. Interested purchasers will Document Centre must complete a CA and return it to:
be required to execute and submit the vendor’s form of Confidentiality Agreement (“CA”) prior
to receiving the information on the Offering. LSGGTA@CBRE.COM
All inquiries regarding the Property or for further information should be directed to the advisors All offers are requested to be submitted to the attention of:
below. Evan Stewart | evan.stewart@cbre.com
OFFERS DUE TUESDAY, AUGUST 10TH, 2021 BY 12:00 PM (EST).
12 14 RETAIL & GROCERY
NEARBY 1. Sobeys Mayfield
A M E N I T I E S 2. Metro
3. Food Basics
4. Trinity Common Brampton
5. Mayfield Plaza
6. Roots
7. Reitmans
11 PARKS AND RECREATION
8. Treetop Trekking Brampton
16
18 8. Renee J Fitness
10. Conservation Drive Park
9 11. Brampton Flight Centre and Flying Club
SUBJECT PROPERTY
17 12. Banty’s Roost
15 8 13. Loafer's Lake Recreation Centre
1 10 7 14. Mayfield Golf Club
5 4
6
2 INSTITUTIONAL
13
3
15. St. Rita Elementary School
16. St. Evan Catholic Elementary School
17. Home Sweet Home Montessori
18. Elementary School Catholic
Saint-Jean-Bosco
21 19. Wanless Medical Clinic
ADVISORS
Lauren White* Mike Czestochowski** Emelie Rowe* Evan Stewart
Senior Vice President Executive Vice President Planner Sales Representative
T +1 416 495 6223 T +1 416 495 6257 T +1 416 495 6306 T +1 416 495 6205
lauren.white@cbre.com mike.czestochowski@cbre.com emelie.rowe@cbre.com evan.stewart@cbre.com
*Sales Representative **Broker | All outlines are approximate
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: Canadian Mapping Services canadamapping@cbre.com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft
www.cbre.ca/mclsg Bing, Google Earth 05/2021.
Laura Malaka
Executive Assistant to Mike Czestochowski
416 495 6314
laura.malaka@cbre.com LSGGTA@CBRE.COM
CONFIDENTIALITY AGREEMENT
12197 HURONTARIO ST, BRAMPTON, ON & 12211, 12213, 12231 HURONTARIO ST, CALEDON, ON
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor on an exclusive
basis to arrange the sale of 12197 Hurontario St, Brampton, ON & 12211, 12213, 12231 Hurontario St, Caledon, ON (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, the receipt and sufficiency of which is hereby acknowledged, 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.
This shall include outside brokers.
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 marketing package and 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 contained in the marketing package.
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.
We agree 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 we wish to make any offer within said time-frame and we were introduced to the Property during the listing period
or shown the Property during the listing period, which we have acknowledged by signing below.
We agree that any signage CBRE has installed on the Property shall remain for a period of 6 months after the closing period.
We agree that any and all communication with regards to this property shall be done so through CBRE. We agree and/or our representative will not at any
tiee contact the vendor directly.
In the event we are the purchasers of this property, we agree to allow CBRE the right to market the purchase price after closing.
CBRE and the vendor shall not be responsible for the payment of brokerage or other fees to any outside agents or consultants in connection with this offering.
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 an original signed copy.
THE SECTION BELOW MUST BE COMPLETED AND SUBMITTED TO LSGGTA@CBRE.COM IN ORDER TO RECEIVE THE DUE DILIGENCE PACKAGE
(I possess the authority to legally bind the Corporation)
†
PROPONENT NAME: REPRESENTATIVE:
†
COMPANY: COMPANY:
†
PRIMARY EMAIL: PRIMARY EMAIL:
SUBMIT
CA
PRIMARY PHONE #: PRIMARY PHONE #:
The button above can be
ADDITIONAL EMAIL: DATE: clicked to submit the CA
electronically using the
Adobe Reader application,
ADDITIONAL PHONE #: SIGNATURE: once the required fields
have been filled.
†
Please indicate if you would like a follow up call or meeting: OR
DATE:
Please print, complete, sign
† CALL: MEETING: and scan an email copy to
PRIMARY SIGNATURE: lsggta@cbre.com.
†
REQUIRED FIELDS. **Broker, *Sales Representative
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.
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