Colliers Macaulay Nicolls Inc. (“Colliers”) has been retained by the Client (“Vendor”) to act as its advisor and agent of property located at 230-240 Cameron Street, and approved 10-acre (5.49 acres developable) development site in the town of Keswick. The site presents an opportunity unique to the area, approved for a 150-unit, mid-rise condo development totaling 222,031 SF, as well as a second phase which provides the opportunity for hotel/convention and other retail commercial or low rise development. A rare chance to develop a stunning waterfront community overlooking the east side of Cook’s Bay on Lake Simcoe, this parcel is located just a 35-minute drive north of Toronto at the end of Highway 404. As residents of the GTA migrate out of the city in higher number as a result of strenuous pricing and more recently Covid-19, there has been a dramatic increase in demand for Keswick and the surrounding area due to its coveted lakeside location. This is providing an ideal absorption landscape as Keswick continues to develop into one of the main destinations for those leaving the city for a suburban lifestyle. The site has achieved significant density approvals with the municipality, the Purchaser will benefit from limited development risk while still capitalizing on these favorable market conditions.
Détails de la transaction
- 230-240 Cameron Crescent