2212 TRULLS ROAD & 2350 COURTICE ROAD, COURTICE
EQUITY INVESTMENT: $15,920,000
TOTAL UNITS: Over 230 single-detached homes and freehold townhomes
DEVELOPER PARTNER: Tribute Communities
Greybrook invested equity capital alongside Tribute Communities and will oversee their development of the Durham II project.
Located at 2212 Trulls Road and 2350 Courtice Road, the development is expected to bring to market a collection of single-detached homes on 40 foot lots and townhomes on 20 foot lots.
The sites are adjacent to existing properties owned by Tribute Communities and part of the developer’s larger expansion plans for the area. Both sites provide convenient access to Highway 401, and the future Highway 407 extension expected in to complete in 2020. Metrolinx also has plans to build a GO Train station just south of Highway 401 in Courtice by 2024, which will provide daily train service from Bowmanville to downtown Toronto.
COMPLETION VALUE*: $200,000,000
*Total completion value estimated at time of investment.