2057 major mackenzie dr. w, vaughan - cbre.ca such as vaughan city hall, ... system visitor parking...

2 0 5 7 M A J O R M AC K E N Z I E D R . W, VAU G H A N

MAJOR MACKENZIE DR. W

EAGLE ROCK WAYMAPLE

SILK OAK CT

PETTICOAT RD

33 MINS TO UNION STATION

SUBJECT PROPERTY

City Hall

The Land Services Group is pleased to offer for sale on an as is where is basis the ±1.73 acre property located at 2057 Major Mackenzie Drive West (the “Site” or “Property”). A zoning-by-law amendment application to facilitate the development of a 65 unit stacked townhouse development was submitted by the registered owner. The application is currently at the Ontario Municipal Board (the “OMB”), with the hearing date to be determined at a later date. A substantial amount of due diligence was completed by the registered owner in support of the rezoning application, which is available for review in the Document Centre. The Vaughan Official Plan allows for townhouses, stacked townhouses, low-rise apartments and mid-rise apartments on the Site. The Official Plan also outlines a maximum density of 1.5 times the lot area (113,691 buildable square feet) and a maximum height of four storeys.

The Site is well located in a prominent York Region municipality that is experiencing strong growth and improving demographics. The Site is situated near various significant public and private amenities, such as Vaughan City Hall, YMCA, the newly opened Civic Centre Resource Library, and Vaughan Mills Shopping Centre. The Site further benefits from its close proximity to Maple GO Station, which is serviced by a number of GO bus routes and the Barrie GO Train Line. The Barrie Line provides frequent all-day, two-way train service from Aurora GO to Union Station, with a stop at Maple GO, seven days a week. York University is only an 11-minute trip from Maple while the trip to Union Station in downtown Toronto is just over 30 minutes.

There is significant recent and ongoing development activity in proximity to the Site. The surrounding medium and high-density developments are experiencing strong sales and favourable pricing with the most recent townhouse and apartment units selling in the approximate range of the mid $500s to low $600s per square foot. While there has been limited stacked townhouse development in the area, Mosaik’s Pure Living development (completed in 2014) is located nearby with units reselling as high as $600 per square foot.

With the rezoning application already submitted, the Site offers the opportunity for builders and developers with respect to a townhouse project that is well into the application process. The Site’s advantageous location in the highly sought-after Maple submarket of Vaughan offers developers and future residents a location with a full suite of amenities, services and access to transit that is difficult to replicate.

Size ±1.73 acres

Frontage As per survey in the Document Centre

Depth As per survey in the Document Centre

Zoning A - Agriculture

Official Plan Mid-Rise Residential subject to Site-Specific Policy 13.8

Application Status Awaiting OMB Hearing - Date TBD

OMB Case # PL170305

CLOSE-UP AERIAL

THE OFFERING

MAJO

R MACKEN

ZIE DR W

LEALINDS RD

PETTICOAT RD

SILK OAK CT

MCNAUGHTON RD

TRANSIT ACCESSIBILITY

Located in close proximity to Maple GO Station, allowing for direct inter and intra-regional

access by way of GO Transit

FAVOURABLE PRICING

Rapid sales with favourable pricing for townhouses and apartments ranging in the

$500 - $600 per square foot range

REZONING APPLICATION

Rezoning application for 65 stacked townhouse units and a restored single family heritage dwelling,

currently at the Ontario Municipal Board

ALL OUTLINES ARE APPROXIMATE

HIGH RESALE VALUE

Resale values are reaching pricing as high as $650,000 for the stacked townhouse project,

Pure Living, by Mosaik Homes

VAUGHAN, ON YORK REGION

TOTAL POPULATION

% Population Change (2012-2017) 9.1% 8.5%

% Population Change (2017-2022) 8.2% 7.9%

INCOME 2017

Average Income $131,714 $125,296

2017 OCCUPIED DWELLINGS 99,284 % 368,681 %

Owned dwellings 90,707 91.4% 325,231 88.2%

Rented dwellings 8,577 8.6% 43,450 11.8%

demographics

MA

JOR M

AC

KENZIE D

R W

2057 MAJOR MACKENZIE DRIVE W, VAUGHAN

MAPLE

EAG

LE ROC

K WAY

Walmart Supercentre, Lowe’s, Marshalls

Eagles Nest Golf Club

Roméo Dallaire Public School

Vaughan Business Enterprise Centre

YMCA & Child Care Centre

Civic Centre Resource Library

3-STOREY BACK-TO-BACK STACKED RESIDENTIAL TOWNHOUSES

35 UNITS

3-STOREY STACKED RESIDENTIAL

TOWNHOUSES6 UNITS

STRIPS OF LAND12.5m x 75m

PROPOSED 3m PUBLIC ACCESS EASEMENT

PROPOSED 3m PUBLIC ACCESS

EASEMENT

MOLOK WASTE COLLECTION

SYSTEM

VISITOR PARKING

SPACEMOLOK WASTE COLLECTION

SYSTEM

RAMP TO UNDERGROUND PARKING

3-STOREY BACK-TO-BACK STACKED RESIDENTIAL TOWNHOUSES

30 UNITSPROPOSED

ACCESS

LAND USE

The subject lands are designated “Mid-Rise Residential” by the Vaughan Official Plan, which allows for a maximum permitted building height of 4-storeys and maximum density of 1.5 FSI (Floor Space Index). The Site is located adjacent to Major Mackenzie Drive, which is identified as a “Primary Intensification Corridor”. These corridors are meant to accommodate mixed use intensification and will link various centres, as linear places of activity. The Property is also subject to site-specific Policy 13.8, which regulates the development through consideration of the existing heritage building, landscaping, parking and traffic. As per the Official Plan, permitted uses include townhouses, stacked townhouses, low-rise buildings, mid-rise buildings, public private institutional buildings, home occupations, small scale convenience retail and community facilities.

In February 2016, the vendor submitted an application to the City of Vaughan to rezone the subject lands from Agricultural Zone to RM2 Multiple Residential Zone to facilitate a development proposal for 86 stacked townhouse units. As per the application, the existing heritage building on Site, the Joshua Oliver House, was to be retained and incorporated into the new development. The application was subsequently changed on February 7th, 2017 from 86 units to 71 units, with 65 stacked back-to-back townhouse units (Blocks 1, 3 and 4) and 6 standard stacked townhouse units (Block 2). This layout is represented by the site plan above. The future development will also incorporate underground parking plan, which aligns with the Site-Specific Policy as set out by the Vaughan Official Plan, which requires all tenant parking to be allocated underground. The plan contemplates the closure of the Major Mackenzie Drive West access point with a new driveway proposed on Petticoat Road.

In late 2017, an appeal was filed to the OMB against the City for their failure to make a decision regarding the zoning by-law amendment. At the pre-hearing conference, whereby the hearing date was to be determined, the City confirmed that the vendor intends to proceed with a 65-unit application. These 65 units do not include the existing single family heritage dwelling, which is proposed to be retained and restored. There are no updated site plans to reflect the new unit count. The application is currently awaiting the OMB hearing date with the hearing date to be determined.

APPLICATION

MAXIMUM FSI OF 1.5X AND MAXIMUM BUILDING HEIGHT OF 4-STOREYS


ALL OUTLINES ARE APPROXIMATE

6AttachmentRendered Elevations -

Block 3 & 4 Petticoat Road

Not to Scale

Applicant: Ace Developments(2057 Major Mackenzie Drive) Ltd.

Development Planning DepartmentLocation:Part of Lot 20, Concession 3

Z.16.006

February 7, 2017

FRONT ELEVATION (FACING PETTICOAT ROAD)

FRONT PERSPECTIVE - PETTICOAT ROAD

REAR ELEVATION (FACING MAJOR MACKENZIE DRIVE)

REAR PERSPECTIVE

(INCLUDES 2 UNITS PER STACK; FIRST FLOOR UNIT ANDUNIT COMPRISED OF 2ND & 3RD FLOOR)


(INCLUDES 3 UNITS PER STACK; BASEMENT UNIT; FIRST FLOORUNIT AND UNIT COMPRISED OF 2ND & 3RD FLOOR)


STUCCO

BRICK

FROSTEDGLAZING

GLAZING



Not to Scale



Z.16.006

February 7, 2017




REAR PERSPECTIVE





STUCCO

BRICK

FROSTEDGLAZING

GLAZING



Not to Scale



Z.16.006

February 7, 2017




REAR PERSPECTIVE





STUCCO

BRICK

FROSTEDGLAZING

GLAZING



Not to Scale



Z.16.006

February 7, 2017




REAR PERSPECTIVE





STUCCO

BRICK

FROSTEDGLAZING

GLAZING

Townhouses

Stacked Townhouses

Low-Rise Buildings

Mid Rise Buildings

Public Private Institutional Buildings

Home Occupations

Small Scale Convenience Retail

Community Facilities

PERMITTED USES AS PER THE OFFICIAL PLAN RENDERINGS

PLAN FOR 71 STACKED TOWNHOUSE UNITS (HAS SINCE BEEN REVISED TO 65 UNITS)

INCLUDING MANY MORE RETAILERS AND RESTAURANTS...

AMENITIES & DEVELOPMENTS

1

2

3

4

57

89

10

11

15

16

17

18

19

12

SUBJECT PROPERTY

6

13

14

21

22

2324

25

26

27

28

29

30

A

BC

D

F

EMAPLE


18. Starbucks

19. Pure Motivation Fitness Centre

20. Moksha Yoga Maple

21. Civic Centre Resource Library

22. Maple Community Centre

23. Maple Library

24. St. David Catholic Elementary School

25. St. Joan of Arc Catholic High School

26. Eagles Nest Golf Club

27. Civic Park

28. Maple Community District Park

29. Mackenzie Glen District Park

30. Maple Reservoir

18

23

19

21

24

20

22

25

26

27

29

28

30

1. Marshalls

2. Walmart Supercentre

3. Zooland Indoor Play Center

4. Shoppers Drug Mart

5. Anytime Fitness

6. Fortinos

7. Longo’s

8. TD Canada Trust

9. Scotiabank

10. Kelseys

11. The Beer Store

12. Canada’s Wonderland

13. Vaughan Mills

14. Reptilia

15. RBC Royal Bank

16. LCBO

17. Yummy Market

1

4

7

10

2

5

8

11

3

6

9

12

13

14

15

16

COMMERCIAL AMENITIES

INSTITUTIONAL AMENITIES

PARKS & RECREATION

400

407

F. PURE LIVING - MOSAIK HOMES

12. CANADA’S WONDERLAND

13. VAUGHAN MILLS21. CIVIC CENTRE RESOURCE LIBRARY

20

17

Resales for Pure Living are achieving values as high as $658,000, resulting in prices per square foot in the $600 range.

Project Name Opening Occupancy Type Size (sq. ft.) Home Prices PSF Range Units Sold (% Sold)

Sold Out

Noble Square by Cassavia Estate Homes

28-Jun-17 Mar-19 20' Towns 1,884-2,092 $1,179,900-$1,299,900 $572-$653 4515

(33%)Active

GO.2 by Pemberton Group

27-May-17 Jun-20 Apartment 580-1,770 $358,900- $903,900 $511-$637 294261

(89%)Active

Chelsea Maple Station by Aspen Ridge Homes

21-Jul-16 May-18 15' Towns 1,585-1,857 $872,990-$959,990 $517-$563 7171

(100%)Mar-17

Chelsea Maple Station by CountryWide Homes

20-Jul-16 Oct-17 18' Towns 1,994-2,378 $979,990-$1,395,990 $458-$591 1817

(94%)Active

Mack by Marlin Spring

11-Jun-16 Jun-18 20' Towns 2,122-2,366 $799,900-$1,025,900 $338-$462 5851

(88%)Active

Mack by Marlin Spring

11-Jun-16 Jun-18 20' Towns 1,643-1,860 $719,900-$969,900 $409-$543 148135

(91%)Active

Indigo by Pemberton Group

21-Jan-16 Nov-18 Apartment 600-1,290 $324,900- $659,900 $512-$582 263263

(100%)May-17

Pure Living by Mosaik Homes

1-Nov-12 Sep-14 Stacked 1,070-1,372 $459,990-$460,990 $336-$430 7979

(100%)Jul-15

A

B

C

D

E

F

DEVELOPMENTS

RESALES

105 KAYLA CRESCENT UNIT 1Sold Price: $653,000Size: 1,081 sq. ft. with 80 sq. ft. balconySold Date: 5-Dec-17

105 KAYLA CRESCENT UNIT 7Sold Price: $625,000Size: 1,081 sq. ft. Sold Date: Nov-13-2017

Ian Hunt*Vice President 416 495 6268 [email protected]

Lauren White*Senior Vice President 416 495 6223 [email protected]

Mike Czestochowski**Executive Vice President 416 495 6257 [email protected]

CBRE Limited2005 Sheppard Ave E,

Suite 800Toronto, ON, M2J 5B4

www.cbre.ca/mclsg

*Sales Representative **Broker. This disclaimer shall apply to the vendor, to include all employees and independent contractors (“Vendor”); and 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 the Vendor or CBRE, and the Vendor and CBRE do not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. The Vendor and CBRE do 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 the Vendor and 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 2/18

Jason Child*Vice President 416 495 6249 [email protected]

Nate PaceSales Representative 416 495 6246 [email protected]

OFFERING PROCESS

All offers are to be submitted electronically to:

OFFER SUBMISSIONS

Lauren White| [email protected]

• Survey• City Staff Reports• Proposed Site Plan, Parking Plans,

Landscape Plans etc.• OMB Reports• Final Phase 1 ESA• Geotechnical Study

• Archaeological Assessment• Functional Servicing Report• Cultural Heritage Impact Assessment• Tree Inventory and Preservation Plan

DOCUMENT CENTRE

Potential purchasers that require access to the Document Centre must complete a CA and return it to: [email protected]

CONFIDENTIALITY AGREEMENT

Asking Price: $4,250,000

MAJOR MACKENZIE DR W

EAGLE ROCK WAY

MCNAUGHTON RD

PETTICOAT RD

SILK OAK CT

MAPLE

SUBJECT PROPERTY

2057 major mackenzie dr. w, vaughan - cbre.ca such as vaughan city hall, ... system visitor parking...

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