Landmark Development Opportunity
The Land Services Group is pleased to offer for sale on behalf of Infrastructure Ontario (“IO”) and the Agricultural Research Institute of Ontario (“ARIO”) the lands located at the north-east corner of Stone Road East and Victoria Road South within the City of Guelph. The sites are located within the new Guelph Innovation District (“GID”) Secondary Plan, known as OPA 54, designating the properties for a mix of employment, residential, commercial and natural heritage uses. Together, the properties 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 River is located directly east of the properties.
The offering is divided into three properties known as the Conservation Lands, Turfgrass Lands and the Former Wellington Detention Centre (“FWDC”) Lands. The Turfgrass Lands and FWDC Lands will be developed for a mix of employment uses, including office and administrative facilities, as well as residential uses. The proximity of the sites relative to the University of Guelph allows for direct connections to future employment uses on-site. A mix of densities is anticipated throughout the Secondary Plan.
The total population of the City as of 2018 was estimated to be just over 137,000 with an anticipated growth of 4.6% over the next 5 years (StatsCan, 2019). The number of active developments within the City continues to increase, with steady sales for both low and medium density projects. The City of Guelph remains a highly desirable place to both live and work, and as such the offering presents a unique opportunity to create a landmark development and new community.
Guelph Lands Information
|Total Size||328.6 acres|
|Frontage||3,539 feet along Stone Rd E
4,832 feet along Victoria Rd S
|Official Plan||OPA 54|
|Secondary Plan||Guelph Innovation District (GID)|
|Zoning||Potential mixed use residential and employment (Guelph Innovation District Secondary Plan)|
|Existing Conditions||The GM Frost Centre building is located on the Turfgrass Lands, of which ARIO is the owner.|
|Lease Term||1 year rent free post sale for the Turfgrass Lands and buildings on-site with an option to extend 1 year.|
CLOSE PROXIMITY TO AMENITIES
The offering is ideally located in close proximity to the University of Guelph, the Downtown core and multiple transit
options, which all benefit the future uses on-site.
SIGNIFICANT MIXED -USE DEVELOPMENT
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.
The City of Guelph has a Brownfield Redevelopment Community Improvement Plan (CIP) to incent and stimulate redevelopment of the area through potential tax and remediation assistance (TIBG) and an environmental study grant (ESG).
The sites directly benefit from the favourable demographics of the City and the high demand for housing. There have been significant medium and high density projects within the past two years, as well as a number of low density developments.
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 within the Secondary Plan develop, greater public transit options will be developed alongside to ensure that the area becomes an accessible community.
The City is also well serviced by regional transit options including GO rail and bus services and VIA Rail routes, providing connections to Kitchener-Waterloo to the west and the City of Toronto to the east. Additionally, Highway 401 is in close proximity to the properties, providing immediate highway access to the sites for future residents and workers.
Potential purchasers that require access to the Document Centre must complete two CA’s and return both to:
- Phase 1 ESA
- Phase 2 ESA
- Archaeological Reports and Assessments
- Guelph Innovation District (GID) Secondary Plan
- Brownfield Community Improvement Plan (CIP)
- Environmental and Geotechnical Reports
- Block Plans
All submissions are to be solely submitted to:
Mike Czestochowski | [email protected]
2005 Sheppard Avenue East, Suite 800
Toronto, ON M2J 5B4
Please contact Mike Czestochowski to get access to the brochure
OFFER SUBMISSION DUE:
TUESDAY, JULY 30TH, 2019 BY 4:00 PM EST
Point of contact for the City of Guelph: Helen Loftin, General Manager
[email protected] | 519 822 1260 (Ext. 3567)
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2005 Sheppard Ave E,
Toronto, ON · M2J 5B4