35 Station Road / King City / Re-Development opportunity

Dear Sir / Madam,

Re-development Opportunity at 35 Station Rd, King City

I would like to present you with an exciting redevelopment opportunity located at 35 Station Rd in King City. This property is directly adjacent to the existing parking for Metrolinx, offering excellent potential for transit oriented development. The property is zoned F, and the Official Plan allows for a wide range of uses,

I am present you with an exciting redevelopment opportunity located at 35 Station Rd in King City. This property is directly adjacent to the existing parking area of Metrolink, offering excellent potential for transit-oriented development. The property is zoned F, and the Official Plan allows for a wide range of potential uses, making it a highly desirable investment. The Transit Station Area designation, as outlined in the Official Plan (see attachment), aims to facilitate intensification that maximizes the benefits of the nearby King City GO Station.

The proposed Official Plan permitted uses on the property include mixed use buildings, medium and higher density residential uses, live work dwellings, property's location adjacent to the Metrolinx parking area, coupled with the flexibility provided by the Official Plan, offers immense potential for a successful and

The proposed in Official Plan permitted uses on the property include mixed-use buildings, medium and higher density residential uses, live-work dwellings, commercial uses (within mixed-use developments), offices, institutional uses, parking structures, public uses, rail infrastructure and transit facilities, and other uses that are accessory to the permitted uses. The minimum height for new buildings should be two functional storeys, with a maximum height of four storeys. Heights up to six storeys may be considered if certain conditions are met. Proposed floor space index is at 2.5.

This proposal presents an exceptional opportunity to capitalize on the Transit Station Area designation and develop a vibrant and transit-oriented community. The property's location adjacent to the Metrolink parking area, coupled with the flexibility provided by the Official Plan, offers immense potential for a successful and sustainable development project.

The asking price for the property is $3,500,000, reflecting its strategic location and future redevelopment possibilities. We believe that this investment has the potential to yield significant returns while contributing to the growth and development of King City.

Should you be interested in further exploring this opportunity, I would be delighted to arrange a meeting to discuss the details and provide any additional information you may require. Please feel free to contact me at 905-278-0007 or 2780007@gmail.com

Thank you for considering this proposal. I look forward to the possibility of working together to unlock the full potential of this prime property.

Sincerely,

Matthew Czaplinski M.Arch. Sales Representative

Sutton Group Quantum Realty Inc. Brokerage

Ofice 905-822-5000 Direct 905-278-0007

Subject Property

Address: 35 Station Road, King City L7B 1E2

Legal Description: LT 72, LT 73, LT 74, LT 75, LT 76 Plan 28 King

Current Owners: Maria & Slawomir Misiak

Lot Area: 28,018.43 SF (0.6432 Acre)

Approximate Dimensions: 109.05ft x 257.93ft x 108.55ft x 257.31ft

General Comments

King City is located in the path of development of Greater Metro Toronto, and it is expected that this area will be subject to major redevelopment in the near future. Both the provincial and federal governments are interested in investing major funds here. Also, major private corporations are expressing interest.

Subject lot is zoned "F" and is within Transit Station Area Designation (see policy information at the end of this report).

· Mixed uses permitted and many more

· Height from 2 up to 6 storeys with some conditions

· Floor space index up to 2.5

LISTING PRICE & REAL ESTATE FEES

We agreed with the sellers of lot #1 to offer the subject property for $3,500,000 with total MLS fees of 5% (for both sides involved) + HST on commission.

Sellers of lot #1 have agreed to offer the subject property for sale for $3,500,000 with total MLS

Prepare to witness a remarkable transformation as the core of the Old Town awaits a magnificent makeover and revitalization. Thanks to the expansion of the GO transit system, an increasing number of individuals, particularly the younger generation, are contemplating a move from Toronto to this area, enticed by the promise of an enhanced lifestyle and more affordable housing options.

Keele Street, a prominent thoroughfare, is primed for remarkable redevelopment. Visionary developers have wasted no time in acquiring available land for future projects, eagerly investing in the area's promising potential. Take a look at the plan showcasing the lots that have already been purchased and those currently available for sale. The interest among developers is fervent, with several projects already advertised for sale, and numerous applications submitted to enable the construction of multiple units.

The existing GO lines are set to undergo upgrades, ensuring seamless commuting experiences that will make daily travel a breeze. With the approved King City Official Plan of 2019, careful consideration was given to the city core's needs, including higher density requirements and a mix of uses such as retail and office spaces. Immerse yourself in the magical ambiance of the Old Town, where its captivating character has the potential to transform into a bustling commercial, residential, and retail hub for the entire GTA. Weekends can be spent leisurely strolling the charming streets, indulging in the unique atmosphere that this historic district exudes.

As aligned with the official plan, developers aim to seek approval for low-rise buildings up to six floors, a careful endeavor to maintain the desired character of the Old Town. The stage is set for an exciting chapter in Old King City's story, where tradition and modernity harmonize, creating a captivating tapestry that will undoubtedly captivate residents and visitors alike.

Come and be part of the journey as Old King City paves the way for a vibrant future while honoring its rich heritage.

Matthew Czaplinski

SOLD & FOR SALE SOLD & FOR SALE

This is a list of properties in the proximity of King GO Station that are already owned by the Developers. Some of the transactions were done privately, without reporting the actual sale price, but some prices were recorded at the Land Registry Office. For example, the properties at 12750 and 12734 Keele St (which are much smaller than 35 Station Rd) were recently sold for a much higher price per square foot. It is also worth noting that the Developers' activity became more aggressive after the approval of the Official Plan in 2019.

This is a list of properties available for sale in the proximity of King GO Station. The property at 12870 King St. consists of two fifty-foot-wide lots and is listed on MLS. The properties at 30 & 50 Station Rd. and 10 West St. are exclusively offered as a package deal. Some parts of the combined area fall under conservation jurisdiction.

Transit Station Area Designation

This designation within King City By-Laws provides the policies and guidelines for developing the Transit Station Area in King City, which is an area near the GO Station. The policies aim to promote intensification and higher density residential and mixed-use buildings that can take advantage of the proximity to the station. The primary land use will be residential, with a limited amount of commercial and other uses allowed. The policies also prioritize compatibility with the surrounding low-rise residential areas and the rail line, as well as pedestrian connectivity with the King City Village Core. The permitted uses in the Transit Station Area include mixeduse buildings, residential uses, commercial uses, offices, institutional uses, parking structures, public uses, rail infrastructure, and accessory uses. The policies will be subject to the determination of density requirements and

a review of delineation and supportive policies through the York Region Official Plan Review. Upon completion of York Region's policy guidance, the Township will amend the plan to implement the required Major Transit Station Area and update density and other requirements accordingly.

As per my conversation with the planner from King City, LPAT appeal PL 170869 is trying to implement higher density in that area and allow for a higher maximum height rather than as suggested in the current official plan. The Province is of the opinion that such strategic areas as subject properties should be put to better use and allow more people to live within walking distance of major public transportation. Please keep in mind that both lots are not only within a 5-minute walk to the King City GO station but are also within a 7-minute walk to Keel St, which is perfect for bus transportation.

density in the area and allow for a higher maximum

Township of King (Our King)

Official Plan, 2019

The Township’s new Official Plan titled Our King was adopted by Council on September 23, 2019 and subsequently approved by York Region on September 24, 2020, subject to modifications and three site-specific deferrals. The adoption and approval of the Official Plan followed an extensive public consultation and work program that sought to develop a comprehensive long-term vision for the future of King Township as a whole, which was consistent with/ conformed to all relevant Provincial and Regional policy and regulations. The primary purpose of the Official Plan is to provide direction and to set the planning policy framework for managing growth, land use and infrastructure decisions within the Township to the 2031 planning horizon.

The Township of King (Our King) Official Plan, 2019 directs land use planning for the Township of King Planning Area to 2031 and replaces the Township of King Official Plan, 1970, the Community Plans for King City, Nobleton and Schomberg, and the Hamlet Secondary Plan, save and except on the lands subject to the deferrals.

York Region issued the Notice of Decision (linked below) on the Township of King Official Plan on October 8, 2020. The last day to submit an appeal is October 28, 2020. Following the appeal period, the new Official Plan will come into effect, in whole or in part, subject to any appeals that are received.

Additional information is available by contacting:

Kristen Harrison, MCIP, RPP Policy Planner, Planning Division Growth Management Services Department

905.833.5321 x 4065

kharrison@king.ca

King City Zoning By King City Zoning By--Law Law

Township of King (Our King) Official Plan, 201

5.11 TRANSIT STATION AREA DESIGNATION

The Transit Station Area designation applies to certain lands in the vicinity of the King City GO Station as shown on Schedule D of this Plan. The Transit Station Area provides an opportunity to accommodate significant intensification which capitalizes on proximity to the King City GO Station, provided that development is compatible with adjacent low-rise residential areas.

This Plan recognizes that the delineation and establishment of policies regarding a Major Transit Station area, in conformity with the 2019 Growth Plan, are required to be implemented in the York Region Official Plan through its municipal comprehensive review, before the policies can be integrated into this Plan. In accordance with the 2019 Growth Plan, York Region is required to establish a Major Transit Station Area, which is defined by the 2019 Growth Plan to include lands including and around existing and planned higher order transit stations and stops and generally comprising lands within a 500 – 800 meter radius of the transit station. In the interim, this section identifies a policy framework to guide redevelopment and infill in the Transit Station Area designation, but these policies will need to be amended in the future to integrate direction from York Region. This may involve refinements to the extent of the Transit Station Area designation, the built form, density, height or land use permissions outlined in this section.

5.11.1 OBJECTIVES

It is the objective of the Transit Station Area designation to:

1. Facilitate intensification including higher density residential uses including mixeduse buildings that appropriately capitalizes on the GO Station.

2.1. Prioritize residential development and provide for a limited amount of commercial and other uses.

3.2. Ensure that intensification is compatible with adjacent low-rise residential areas and is compatible with the rail line.

4.3. Facilitate pedestrian connectivity with the King City Village Core.

5.4. Ensure that development and redevelopment optimally utilizes land through lot consolidation.

5.11.2 PERMITTED USES

It is the policy of Council that the following uses are permitted on lands designated Transit Station Area:

1. Mixed-use buildings;

2. Medium and higher density residential uses, including townhouses and apartment dwellings;

3. Live-work dwellings;

4. Commercial uses, including retail, restaurants, and services, but excluding drivethroughs and excluding new automotive service uses;

5. Offices;

6. Institutional uses such as clinics and health care facilities;

7. Parking structures;

8. Public uses, including parks, urban squares and community gardens;

9. Public parks and community gardens;

10.9. Rail infrastructure, transit facilities and associated parking facilities; and 11.10.Uses, buildings and structures that are accessory to the permitted uses above.

5.11.3 POLICIES

It is the policy of Council:

1. That the Transit Station Area is subject to the determination of density requirements, a review of delineation and other supportive policies through the York Region Official Plan Review, to implement the policies of Section 2.2.4 of the 2019 Growth Plan. Upon completion of York Region’s policy guidance for the Transit Station Area, the Township will amend this Plan to implement the required Major Transit Station Area and to update applicable density and other York Region requirements.

2. That residential uses and mixed-use buildings will be the primary land use. Commercial development shall only be permitted in the form of mixed-use developments, and stand-alone commercial uses shall not be permitted unless it is part of a mixed-use development.

3. That a Comprehensive Development Plan shall generally be required prior to consideration of an application for development within the Transit Station Area designation in accordance with Section 9.1.11 of this Plan and the policies of this section. The purpose of a Comprehensive Development Plan is to establish an overall tertiary plan for the Transit Station Area, which will serve to guide the Township’s review of individual development applications. The Township shall have discretion to not require the Comprehensive Development Plan where the Township does not consider it to be beneficial.

4. That the Comprehensive Development Plan and any development application will address the following specific criteria:

l.a. Suitable setbacks and other measures to ensure compatibility with the rail line with respect to noise and vibration, and to ensure safety, including the requirement to prepare noise and vibration studies in accordance with Section 3.6.

m.b. Development will thoughtfully integrate adjacent land uses and lots and will not result in the creation of remnant lots that are unable to redevelop suitably and feasibly for a mix of uses. To implement this criterion, the Township may implement a suitable minimum lot frontage requirement in the zoning by-law to require lot consolidation, or other measures as identified in the Comprehensive Development Plan.

n.c. Development will integrate active transportation facilities including bicycle parking in accordance with the zoning by-law.

o.d. Public squares/spaces will be considered within the overall concept plan.

p.e. Development access from Keele Street will be shared and consolidated where possible and subject to Regional requirements.

q.f. Consideration will be made to establish reduced minimum parking requirements in the zoning by-law to promote transit-oriented development.

r.g. Coordination and consultation with the Province will occur to ensure the plans are aligned with and considerate of Provincial plans for any proposed improvements to transit service or infrastructure.

s.h. Development will optimize pedestrian and cycling access and connectivity, in coordination with transit facilities, where possible.

5. To work with York Region to enhance streetscaping on Keele Street which will better integrate the Transit Station Area with the King City Village Core and with adjacent neighbourhoods and promote walking and cycling.

6. That the minimum height for new buildings shall be two functional storeys and the maximum height for new buildings is four storeys.

7. That greater building heights, not exceeding six storeys, may be permitted provided:

7.a. The building is located or tiered in height to minimize visual and shadowing impact on streets and public areas and does not negatively impact the small-scale village character;

7.b. The compatibility of the building with respect to adjacent low-rise residential areas and sensitive uses is addressed through the use of setbacks, buffers, angular plane requirements as well as the sensitive location of windows and balconies to minimize privacy impacts, as detailed in the implementing zoning by-law, detailed design guidelines, and through site plan control;

8.c. The development does not exceed a floor space index of approximately 2.5.

9.8. That any new retail, restaurant and service commercial uses shall only be permitted on the ground floor and within a mixed use development.

10.9. That no more than 15% of the gross floor area in the Transit Station Area designation is planned for nonresidential uses, exclusive of transit facilities.

11.10.That the maximum permitted gross floor area for any new single retail store or other commercial use permitted as part of any development is 300 square meters.

12.11.That office uses will be encouraged in the Transit Station Area.

13.12.That the determination of how residential and other non-residential development will be integrated is required and phasing options shall be considered, with these options potentially relating the amount of non-residential

development permitted at any one time in each of the areas identified to the amount of residential development that has occurred within the same area.

14.13.That consideration may be given to permitting the development of non-residential uses that exceed the maximum gross floor area requirements of this section, provided a market impact study is completed to demonstrate that the uses will not have a negative impact on the King City Village Core. For clarity, it is not the intent of the study to assess the impacts of any proposal on the market share of an individual business or interfere with normal market competition.

Few of many developments proposed in the same area.