RESIDENTIAL DEVELOPMENT · 2020-03-11 · The Barrie market has seen tremendous growth through its strengthening economy and improving demographic trends in the last five years. With

1005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD · BARRIE , ONTARIO

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LANDSPECIALISTS

D R A F T P L A N A P P R O V E D

R E S I D E N T I A L D E V E L O P M E N T+ 1 9 8 A C R E S I N H E W I T T ' S S E C O N D A R Y P L A N

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1005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD · BARRIE , ONTARIO 31005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD · BARRIE , ONTARIO2 3LAND SPECIALISTS

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THE OFFERING

DRAFT PLAN APPROVAL

INFRASTRUCTURE & PLANNING

BARRIE OVERVIEW

NEARBY DEVELOPMENTS

AREA & TRANSIT OVERVIEW

TABLE OF CONTENTS

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1005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD · BARRIE , ONTARIO4 5LAND SPECIALISTS

CBRE Limited is pleased to offer for sale on an exclusive basis, the properties located at 1005, 1025, 1039 Big Bay Point Road and 3320 20th Sideroad (the “Properties” or “Sites”). The Sites are located within the highly coveted Hewitt’s Secondary Plan Area, with the Phase 1 portion of the Sites Draft Plan Approved (“DPA”) for 773 residential units. Representing a fantastic opportunity to shape one of the newest and largest master planned communities in the Greater Golden Horseshoe, these Properties offer a rare chance to purchase a significant large-scale residential opportunity that is ready for servicing and development.

The Properties are comprised of ±198 acres in total, including ±126 acres of DPA lands and ±72 acres of future residential development land that will be positively impacted by the near-term development of the DPA lands. The ±72 acres includes ±23 acres within Phase 3 of the Hewitt's Secondary Plan and ±49 acres in the post-2031 lands.

The application proposes 545 units of single detached housing, 100 units of semi-detached and 128 units of townhouses. There is an opportunity to increase the density/yield of the plan through an expedited red line revision process with the City of Barrie (with an associated extension of the initial 3-year DPA period).

Substantial due diligence has been completed and compiled by the Vendor. Studies include planning, engineering, geotechnical, traffic, natural heritage and archaeological assessments, as well as a Phase I Environmental Site Assessment. These documents can be found in the online document centre. The Vendor has obtained the appropriate tree clearing permits and has commenced clearing trees on portions of the Properties. The Sites are ready for earth works to begin.

The Properties are subject to the Hewitt’s Landowners Group Cost Sharing Agreement. The agreement is currently in place with the landowners within the Hewitt’s Secondary Plan boundaries to adjust between landowners for contributions of land and construction costs relating to community uses.

This large-scale residential development opportunity is strategically positioned near the built-up boundaries of Barrie and on the shores of Lake Simcoe, offering unhindered access to numerous services in Downtown Barrie as well as significant natural heritage features. Located minutes from the Barrie South GO Station and Highway 400, the Sites offer fantastic accessibility with multiple transit options to various locations, most notably Downtown Toronto and the Greater Toronto Area. The Barrie market has seen tremendous growth through its strengthening economy and improving demographic trends in the last five years.

With the Phase 1 lands ready for immediate development, this offering presents the opportunity to be amongst the first to build in a high demand area in one of the fastest growing cities in the country. With both Draft Plan Approved lands and substantial future development lands, the Sites represents a great opportunity to enter the Barrie market with a unique large-scale residential development featuring heightened certainty with regards to the timing to the different phases of development.

Size ±197.84 acres

Draft Plan Approved Lands ±125.71 acres

Phase 3 Lands ±23 acres

2031 Lands ±49 acres

Approved Residential Units 773 units

Status DPA Received on May 24th, 2018

Draft Plan Approval Period Three years from May 24th, 2018

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Substantial due diligence and technical work has been completed to obtain Draft Plan Approval. Key reports can be found in the

online document centre.

DUE DILIGENCE

Phase 1 portion of the Sites was Draft Plan Approved for 773 residential units on May 24th, 2018. The approval documents can be found in

the online document centre.

DRAFT PLAN APPROVAL

DRAFT PLAN APPROVED LANDS

LAKE SIMCOE

2031 DEVELOPMENT LANDS

PHASE 3 LANDS

54 5 SINGLE DE TACHED • 100 SEMI DE TACHED • 128 TO WNHOUSES

Property is subject to a Cost Sharing Agreement to adjust between landowners for contributions

of land and construction costs relating to community uses.

COST SHARING

The Site is just a 10 minute drive from the Barrie South Go Train Station which is located at Mapleview Drive & Yonge Street. This offers fast and effecitent train service

to Toronto via the Barrie GO Line.

CONNECTIVITYTHE OFFERING

STAFF REPO

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APPEND

IX “D”

Proposed Draft Plan of Subdivision


The Phase 1 portion of the Properties is approved for 773 residential units; 545 single detached units, 100 semi-detached units and 128 townhouse units. Additional space has been allocated for parkland, open space, future roads and a storm water management facility. The Sites received full approvals on May 24th, 2018 and the appeal period passed on June 20th, 2018. As per the Draft Plan conditions, the open spaces, environmental protection areas and stormwater management blocks are to be conveyed to the City. Full approval

and registration of the Plan of Subdivision is contingent upon 104 conditions, as outlined by the City of Barrie.

With planning approvals in place for the Phase 1 portion of the Properties and a significant amount of technical work completed, the Sites provide purchasers with a fantastic development opportunity with a high degree of certainty regarding the time to development, in an increasingly strong market in Simcoe County.

STATISTICS

Type Units Size

15.0 m (49 ft.) Single Detached 29

52.17 ac

13.7 m (45 ft.) Single Detached 69

11.5 m (38 sf) Single Detached 222



Semi Detached Units 100

Street Townhomes 128 5.85 ac

Future Roads/Lots 2.45 ac

Environmental Protection 17.86 ac

Open Space 5.34 ac

Stormwater Management 10.55 ac

Reserves and Widening 0.27 ac

Roads 31.22 ac

TOTAL 773 units 125.71 ac


PHASE 3 LANDS


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To address the growth in the annexation lands, Barrie has created an Infrastructure Implementation Plan (“IIP”) to manage and guide future servicing to accommodate the expected growth in a sustainable manner. This framework will plan out the infrastructure needs for the annexed areas in the next twenty years and has commenced for both secondary plan areas. Infrastructure works are ongoing and are expected to be completed in phases by 2027 as the Secondary Plan area builds out.

While Barrie is subject to significant infrastructure initiatives in the next decade, Barrie’s current growth and development is being supported by the Surface Water Treatment Plan on Big Bay Point Road that opened in 2011. The treatment plant can serve up to 60 million litres of water per day and was built in anticipation of the growth in Barrie that is occurring presently.

In addition to municipal servicing capacity initiatives, there are several ongoing transit infrastructure projects that are meant to support the future growth in the new secondary plan areas. One such project is the construction of the Harvie Road Crossing. This project is required to support growth in Barrie's south end by connecting Harvie Road to Big Bay Point Road across Highway 400. The construction on the crossing has commenced and is expected to open to traffic in Fall 2020.

Prior to the completion of the Harvie Road Crossing, Hewitt’s Secondary Plan capacity is limited to 2,100 units. As agreed with the Hewitt’s Landowner’s Group, 271 units have been allocated to the Subject Site and are ready for immediate servicing. Harvie's Crossing is on schedule to be completed by 2020, following which, the balance of the units can proceed.

BARRIE OFFICIAL PLAN APPENDIX 9A. ULTIMATE LAND USE PLAN AND TRANSPORTATION PLANBARRIE OFFICIAL PLAN SCHEDULE 9E. DEVELOPMENT PHASES

The Hewitt’s Secondary Plan was supported by an impressive level of technical detail and master planning associated with infrastructure planning and implementation, Class Environmental Assessments, natural heritage system planning, multi-modal and active transportation, growth management, and financial impact assessments.

The Hewitt's Secondary Plan is divided into multiple development phases based on sanitary catchment areas, watershed boundaries, and other factors. All of the Phase 1 area of the Properties is included in the DPA lands. The remaining ±72 acres of future residential land are separated into two categories. These include the Phase 3 lands and the 2031 lands. As per the Barrie Official Plan, 60% of the

lands in previous phases must be in draft plans of subdivision or approved site plans prior to commencement of development in the subsequent phase. The development application process for Phase 2 is already underway with the Phase 3 lands expected to follow shortly after.

The 2031 lands have been identified as Residential in the Barrie Official Plan’s Appendix 9A Ultimate Land Use Plan and Transportation Concept Plan. These lands are currently being considered by the City as part of the update to its Official Plan to reflect new population targets, as outlined in the Province's Growth Plan for the Greater Golden Horseshoe, 2017 ("Growth Plan").

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PHASE 3 LANDS

Grade Separated Crossing

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INFRASTRUCTURE PROJECTS SECONDARY PLAN BOUNDARY

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Phase 1 - Salem

Phases 2-4

INFRASTRUCTURE IMPLEMENTATION PLAN PROJECTS, 2020


INFRASTRUCTURE PLANNING

Map data ©2020 Google 5 km

1005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD · BARRIE , ONTARIO1 0 1 1LAND SPECIALISTS

NEARBY DEVELOPMENTS

ALTUS, 2020

Opening Occupancy Type Size (SF) Price PSF Units % Sold Status

Bear Creek Ridge by Pratt Homes

21-Apr-18 Jan-20 36ft Single Detached 1,674-2,737 $746,990 - $809,990 $291-$456 16 0% Active

2-Dec-17 Aug-19 21ft Traditional Townhouse 1,266-1,603 $490,990 - $547,990 $332-$376 53 100% Sold Out (Nov-18)

18-Nov-17 Feb-20 Apartment 867-1,454 $330,990 - $515,990 $350-$391 72 62% Active

18-Nov-17 Feb-20 Apartment 606-1,464 $249,990 - $515,990 $349-$429 48 66% Active

28-Oct-17 Aug-19 29ft Single Detached 1,605-2,200 $579,990 - $698,990 $311-$370 40 67% Active

28-Oct-17 Aug-19 34ft Single Detached 1,730-2,737 $699,000 - $789,990 $284-$413 24 54% Active

28-Oct-17 Aug-19 22ft Back-to-Back Townhouse 934-1,390 $370,990 - $406,990 $314-$408 54 100% Sold Out (May-18)

28-Oct-17 Aug-19 15 ft Rear Lane Townhouse 1,327-1,510 $435,990 - $479,990 $312-$334 41 100% Sold Out (Aug-18)

Friday Harbour by Geranium & Pemberton Group

21-Oct-17 Nov-20 Mid Rise Apartment 520-1,010 $354,900 - $674,990 $669-$722 111 25% Active

21-Oct-17 Nov-20 Mid Rise Apartment 520-2,220 $349,900 - $1,504,900 $664-$721 110 26% Active

1-Dec-16 Jun-19 Mid Rise Apartment 605-1,000 $394,900 - $669,900 $641-$670 190 89% Active

16-Oct-16 Oct-18 22ft Rear Lane Townhouse 2,516-4,636 $1,545,000 - $3,500,000 $584-$799 70 83% Active

21-Nov-12 Aug-17 Stacked Towns 433-1,766 $259,900 - $1,059,900 $600-$630 144 100% Sold Out (Oct-16)

Urban North by Pace Developments

27-Apr-19 May-20 20ft Traditional Townhouse Lot 1,675-2,166 $554,990 - $618,990 $271-$332 52 100% Sold Out (Oct-19)

22-Sept-18 Oct-20 20ft Traditional Townhouse Lot 1,088-1,606 $459,990 - $569,990 $355-$423 196 100% Sold Out (Nov-19)

22-Sept-18 Oct-20 21ft Traditional Townhouse Lot 1,967-2,262 $574,990 - $654,990 $262-$333 47 89% Active

7-Jul-18 Oct-20 20ft Traditional Townhouse Lot 1,675-2,319 $584,990 - $669,990 $262-335 94 87% Active

Mapleview Park by Fernbrook Homes & Tiffany Park

5-Oct-19 Sept-21 20ft Wide Shallow Townhouse Lot 1,121-1,800 $449,990 - $559,990 $306-$401 30 100% Sold Out (Oct-19)

5-Oct-19 Sept-21 33ft Single Detached Lot 1,047-2,488 $574,490 - $724,490 $286-$577 58 74% Active



5-Oct-19 Sept-21 20ft Wide Shallow Townhouse Lot 1,121-1,800 $449,990 - $559,990 $306-$401 21 100% Sold Out (Oct-19)




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Designed as an all-season luxury resort, Friday Harbour is the largest resort development of its kind, offering shopping, dining and recreational activities. Friday Harbour will also be home to The Nest Golf Course, an 18-hole course featuring world-class architecture. With an amenity-rich destination located minutes from the Sites, future residents will benefit from the range of services the resort has to offer.

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VENTURA BY: HONEYFIELD COMMUNITIES • Proposed development of 288 single-detached units, 32 street townhouse units & 196 apartment units on two mixed-use blocks

BISTRO6 BY: PRATT HOMES • 356 condominium units currently in pre-registration phase

A BEAR CREEK RIDGE BY: PRATT HOMES

URBAN NORTH BY: PACE DEVELOPMENTS

C

MAPLEVIEW PARK BY: FERNBROOK & TIFFANY PARK

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© 2018 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness,completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L19 MapId: 5461924

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Learning Jungle Mapleview Daycare

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TREETOP TREKKING BARRIE CENTENNIAL PARK BARRIE WATERFRONT PUBLIC MARKET CENTRE BARRIE RIB FEST

Barrie has experienced exceptional growth and strong demographics in the last half decade. Compared to the provincial growth rate in 2017, Barrie’s population grew a total of 7%, in comparison to 5% for Ontario. Barrie’s 2017 average household income was also higher than the provincial average household income, at $112,609 and $102,460 respectively.

As identified in Barrie’s Growth Management Strategy, the City’s population in 2010 was estimated to be approximately 140,000. By the year 2031, the updated Growth Plan (2017) projects the population to be approximately 210,000 and 253,000 by 2041. These figures show the remarkable and significant growth that is planned to take place in Barrie in the next two decades and beyond, making it one of the fastest growing municipalities in the country. The anticipated growth in Barrie is currently being accommodated through the previous intensification requirement of 40% (from the previous Growth Plan targets) and is focused in the identified Urban Growth Centers, the remaining land within the urban built boundary and the new Secondary Plan areas for Hewitt's and Salem. Barrie will consider the 2017 Growth Plan's new intensification target of 60% in the update of their Official Plan, which will occur prior to 2031.

With a multitude of leisure and recreation options, Barrie is a mecca of entertainment and activity in the Greater Golden Horseshoe. What started out as an initial cluster of storehouses, Downtown Barrie has become one of the strongest anchor districts in the City. The Five Points roadway intersection is another prominent hub and commercial centre wherein modern conveniences are integrated with beautiful historic treasures. In addition to the strong city centre, there are also significant natural heritage features in Barrie. Owing to the abundance of parkland, with over 90 parks over 300 hectares, Barrie has some of the best off-road forest trails and street trails in the GGH. Well positioned on a prominent waterfront, Barrie also boasts some of the most beautiful and lively beaches in Ontario, including Centennial, Johnson’s, Minet’s Point and Tyndale Beach.

Barrie’s downtown and waterfront are the heart of the Barrie tourism industry with numerous annual festivals and events. Winter recreation activities and facilities in the surrounding area include Horseshoe Resort, Snow Valley, Mount St. Louis Moonstone and Blue Mountain. With the improving demographics and great area, it is evident the Properties will benefit from its location near a booming city centre and an abundance of natural heritage features.

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$112,609BARRIE

$103,291ONTARIO

AVERAGE HOUSEHOLD INCOME

SITEWISE, 2018

BARRIE OVERVIEW

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Situated a short drive from the Barrie South GO Station, the Properties will benefit from convenient access to all stops along the Barrie GO line, which includes major destinations such as Downtown Toronto and as far north as Allandale Waterfront on the shores of Lake Simcoe. Metrolinx is expanding GO train service as part of a 10-year Regional Express Rail program (“GO RER”) which will bring frequent, two-way, all-day service to Barrie South GO Station with departures to Union every 30 minutes during weekday rush hour and every 60 minutes middays, evenings and weekends. The Sites are also located a quick 15-minute drive from Highway 400, allowing for convenient automobile travel across the Greater Golden Horseshoe.

ALLANDALE GOLF COURSE

BARRIE YMCA

BARRIE GO TRAIN SCHEDULE

JOHNSON'S BEACH

DOWNTOWN BARRIE BUSINESS ASSOCIATION SANDRINGHAM PARK

BARRIE PUBLIC LIBRARY PAINSWICK

BARRIE WATERFRONT WILKIN'S BEACH

TREETOP TREKKING

THE NORTH RESTAURANT

AREA & TRANSIT OVERVIEW

TRANSIT OVERVIEW

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CONFIDENTIALITY AGREEMENTPotential purchasers that require access to the online document centre are to complete the Confidentiality Agreement (CA) and return it to: [email protected]

DOCUMENT CENTRE

All offers are requested to be submitted to: Ian Hunt | [email protected]

CBRE Limited 2005 Sheppard Ave. E, Suite 800 Toronto, Ontario, M2J 5B4The draft plan, draft plan conditions and related reports, studies and

plans are available upon execution of the above referenced CA.

BARRIE SOUTH GO STATION

LAKE SIMCOE

*Sales Representative | All Outlines ApproximateThis 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 [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 01/20

CBRE Limited2005 Sheppard Ave E,

Suite 800Toronto, ON · M2J 5B4www.cbre.ca/child-hunt

JASON CHILD*Senior Vice President T +1416 495 6249 [email protected]

IAN HUNT*Senior Vice President T +1 416 495 6268 [email protected]

DANIEL SATOORSales Representative T +1 416 495 6203 [email protected]

TOREY FERRELLISales Representative T +1 416 495 6246 [email protected]

LANDSPECIALISTS

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BARRIE SURFACE WATER

TREATMENT PLANT

ASKING PRICE: $90,000,000

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.

THE SECTION BELOW MUST BE COMPLETED IN FULL PRIOR TO ANY INFORMATION BEING RELEASED.

Proponent Name __________________________ ______________________

___________________________

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___________________________

___________________________

Company

Email Address

Phone Number

Date Signed

Approved

Representative/Advisor

Company

Email Address

Phone Number

Date Signed

Approved ________________________

___________________________

___________________________

___________________________

___________________________

________________________

To Receive the Due Diligence Package Please Complete and Return to [email protected]

CONFIDENTIALITY AGREEMENT FOR 1005, 1025, 1039 BIG BAY POINT ROAD & 3320 20TH SIDEROAD, BARRIE

The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through Jason Child, Ian Hunt, and Daniel Satoor have been retained by the Vendor on an exclusive basis to arrange the sale of 1005, 1025, 1039 Big Bay Point Road & 3320 20th Sideroad, Barrie ON (the “Property”). All Inquiries and communications with respect to the property shall be directed to any of the above 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, including, without limitation, 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 acknowledge that 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. CBRE and the Vendor does not represent, warrant or guarantee with respect to the information provided to the Buyer; and we will not be liable for any errors or omissions in the information or for the results of the Buyer’s use of the information. The Buyer agrees to promptly return the information upon CBRE’s request.

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 CBRE Limited for the above mentioned property including offers within 90-days after the expiration of the Listing Period, so long as the Buyer wishes to make any offer within said timeframe 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, the Vendor's consultants, the Hewitt's Landowners Group or the consultants for the Hewitt's Landowners Group.

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 fax or scan of a signed copy, or an electronic submission, of this Agreement shall be deemed to be an original signed copy.

(I agree to all statements listed above)(I agree to all statements listed above)

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RESIDENTIAL DEVELOPMENT · 2020-03-11 · The Barrie market has seen tremendous growth through its strengthening economy and improving demographic trends in the last five years. With