GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $20,250,000 in a Residential Development Project with Treasure Hill in Whitchurch-Stouffville, Ontario

Date:
March 1, 2022
Share:

New residential development further expands the firm’s footprint in York Region.

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $20,250,000 to acquire and oversee the development of a prime parcel of land located at 5481 & 5551 Bethesda Sideroad in the Town of Whitchurch-Stouffville, Ontario. Together with its developer partner, Treasure Hill Homes, the firm intends to develop the land into a 210-unit residential community consisting of 80 townhomes and 130 single-detached homes.

Located in close proximity to the City of Markham and approximately 30 kilometres north of the City of Toronto, the township of Whitchurch-Stouffville is an urbanizing community that has experienced exceptional population growth that is forecast to persist in the years ahead. Attracting an upper middle class and diverse population, Whitchurch-Stouffville is recognized for its quaint and secure atmosphere, offering residents and visitors a unique agrarian environment accompanied with scenic ravines, lakes, and forested highlands, easily accessible by a network of designated walking and biking trails. Situated amongst main transit nodes, the development site provides easy access to Highway 404 and is a short drive to the New Elm GO / Lincolnville and Stouffville GO Train stations. The site is near notable area amenities including, the Spring Lakes Golf Club and the Timber Creek Golf & Family Fun Centre, with access to shopping malls and an abundance of adjacent facilities and services in neighbouring Markham and Richmond Hill.

“The need for more housing in the province of Ontario has never been greater. With the federal government recently increasing Canada’s annual immigration targets well beyond historical levels for 2022 through 2024, and the province of Ontario’s persistent housing supply challenges, many more homes will need to be built to keep up with the demand,” said Sasha Cucuz, Chief Executive Officer at Greybrook Securities Inc. “This development site is a great opportunity to partner alongside one of our most active and well-respected developer partners, Treasure Hill Homes to deliver needed homes in one of the most attractive suburbs in the GTA. This will be Greybrook’s tenth residential development with Treasure Hill Homes, who has built and has in development over 10,000 homes across the GTA, and Greybrook’s 18th project in York Region.”

Forward-Looking Information

This news release contains forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise

Latest Insights

Greybrook Realty Partners Invests $26,385,00 in a Low-Rise Residential Development Project with Treasure Hill in Brooklin, Ontario

Portfolio Updates
May 17, 2022

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $26,385,00 to acquire and oversee the development of a prime parcel of land located in Brooklin, Ontario. Together with its developer partner,…

Greybrook Realty Partners Invests $25,300,000 in a High-Rise Residential Development Project with Metropia in Toronto, Ontario 

Portfolio Updates
May 16, 2022

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $25,300,000 to acquire and oversee the development of an assembly of properties located on the south side of Dundas Street East between…

First Wave of Occupancies Start at Stockyards District Residences

Portfolio Updates
May 10, 2022

Alongside developer partner, Marlin Spring, we are excited to welcome all the new homeowners to their new homes and look forward to the next wave of occupancies over the coming weeks. The hardworking construction and execution teams were on-site to…

Symphony Towns Welcomes First Wave of Homeowners

Portfolio Updates
April 27, 2022

More families will soon call Symphony Towns home as the occupancy process continues throughout May. Alongside developer partner, Marlin Spring, we congratulate the construction and execution teams on their hard work achieving this much-anticipated milestone and welcome all the new…

Greybrook Tours Our Toronto Projects

Portfolio Updates
April 25, 2022

Avenue and Park Accompanied by developer partner, Stafford Homes, our team had an opportunity to see first-hand the spectacular views and luxury amenities that residents of this boutique 35-unit residence will be able to enjoy. 181 East Our tour made…

Toronto Film and TV Production Industry Sets New Record in 2021

Insights
April 21, 2022

After a record-breaking year, Toronto’s production industry is set to experience rapid growth and momentum again in 2022. A total of 1,468 productions and over 7,800 production days were filmed in Toronto last year, with that number set to rise…

Inflation, Rising Rates, and the Many Variables Currently at Play

Insights
April 15, 2022

As we emerge from the pandemic, this latest phase of our economic recovery has been met with a host of macroeconomic variables that have had a direct impact on our everyday lives. From supply chain challenges to interest rates increases,…

The Way: Collegeway Officially Sold Out

Portfolio Updates
April 4, 2022

Located within the established Erin Mills community, this mixed-use low-rise development is comprised of over 300 urban townhomes and more than 11,000 square feet of redeveloped retail and office space. Residents of these new townhomes will enjoy easy access to…

Increased Immigration is Critical for Canada’s Long-term Prosperity

Insights
March 31, 2022

We were very intrigued by their bold mission to advocate for policies and programs that would increase Canada’s population to 100 million by 2100. The Century Initiative argues that our long-term success depends on our ability to scale our population…

Ontario Line Project Breaks Ground

Insights
March 30, 2022

The project is proposed to be a 15-stop, 15.6km subway line that runs from Exhibition Place, through the downtown core, and up to the Ontario Science Centre in North York. The future line will connect with 40 other transit routes,…

All Publications

Join our newsletter and keep up to date with our news & insights

Subscribe to our newsletter
Enter correct email