Provided equity capital and ongoing asset management to acquire 2 adjacent parcels of land located in Fergus, Ontario for the purposes of developing a master planned community – geared towards an affordable housing market. The multi-phase development is currently in the re-zoning phase. Sales for this multi-phase development are anticipates to begin within 4 years, with an ultimate projected completion time horizon of 18 years.
About Fergus, Ontario
Fergus is located 10 minutes north of Guelph, Ontario, and is a part of The Township of Centre Wellington, Wellington County. It is a strong growing and vibrant community, proud of its rich heritage, and blessed with incredible natural surroundings such as the Elora Gorge & Conservation Area, Belwood Lake and the Grand River. The Highland Games and Scottish Festival and the Fergus Truck Show, which each attract over 30.000 visitors, really put Fergus on the map.
Centre Wellington is centrally located within driving distance of the GTA (Greater Toronto Area) and Canada’s Technology Triangle (Guelph, Cambridge, Kitchener and Waterloo). Three of Canada’s top universities (Waterloo, Guelph and Wilfrid Laurier) are within a 15-30 minute drive.
Developer Partner: Tribute Communities
Total Equity: $4,557,300
Date Closed: October 7, 2011