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Ivylea
(Richmond Hill)

Greybrook invested equity capital alongside Marlin Spring and is overseeing their development of the Richmond Hill project.

The 45.9-acre development site is situated at 1521 19th Avenue in Richmond Hill and is expected to be developed into over 420 freehold townhomes.

Situated 20 kilometres north of Toronto between Markham and Vaughan, the Town of Richmond Hill is a thriving economic hotspot and home to one of Canada’s most highly educated workforces.

Equity Investment:
$48,300,000
Asset Type:
Low-Rise
Total Units:
Over 420 Freehold Townhomes
Developer Partner:
Marlin Spring
Status:
Active
Completion Value*
$410,000,000
*Total completion value estimated at time of investment.
Greybrook Project

Project News

Anticipating the Completion of Over 1,700 Home Closings Across Our Portfolio in 2024

Portfolio Updates
March 26, 2024

Across our portfolio, we completed over 1,600 home closings last year both in Ontario and South Florida, with the momentum continuing into 2024 with over 1,700 homes set to occupy and close throughout the year. Whether it is a single-family…

Construction Progresses Steadily at Ivylea Towns in Richmond Hill

Portfolio Updates
June 1, 2022

The low-rise community is now 97% sold out, bringing the number of homes sold to 331 out of 342 released units. The remaining homes will be strategically released as we progress through construction. Since our last update, construction has continued…

Sales Progress Steadily at Ivylea Towns in Richmond Hill as Acquisition of Neighbouring Parcel of Land Brings Total Number of Units in the Development to Over 440

Portfolio Updates
June 4, 2021

We are delighted to announce the recent closing of a small adjoining parcel of land located in the northwest corner of our Ivylea Towns at Richmond Hill site. The newly acquired 0.84 acres piece of land will form Phase 4…

Preview Sales Launch of Ivylea with our First Virtual Friends & Family Event

Portfolio Updates
June 26, 2020

Earlier this week our Greybrook friends and family joined us for a live virtual event, previewing the sales launch of Ivylea, our latest townhome project in Richmond Hill with partner Marlin Spring. The online event included remarks from Peter Politis,…

Richmond Hill Project Branded – IVYLEA

Portfolio Updates
April 25, 2019

We are excited to share that our Richmond Hill development, in partnership with Marlin Spring, has officially released its branded project name – IVYLEA –  and launched the project registration website.  Just in time for spring, Ivylea with its fresh,…

Richmond Hill Photos Now Available

Portfolio Updates
November 7, 2018

We are pleased to share aerial photos of our Richmond Hill development in partnership with Marlin Spring, which received Draft Plan approval earlier this year. The site is located at 1521 19th Avenue and is a short drive from Highway…

Richmond Hill Project Update

Portfolio Updates
June 6, 2018

We are pleased to report that the Draft Plan and rezoning for our Richmond Hill development with developer partner, Marlin Spring, was approved in May 2018, well in advance of our originally anticipated Q4 2018 approval. The approved plan consists…

Greybrook Realty Partners Invests $48,300,000 in a Low-Rise Residential Development Project with Marlin Spring in Richmond Hill, Ontario

Company News
July 21, 2017

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $48,300,000 to acquire and oversee the development of a prime parcel of land located in Richmond Hill, Ontario. Together with its developer…

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