1246 PRESTONVALE ROAD, COURTICE
EQUITY INVESTMENT: $24,945,000
TOTAL UNITS: Over 380 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 III project.
Located at 1246 Prestonvale Road in Courtice, the development is expected to bring to market a collection of single-detached homes on 40 foot lots and townhomes on 20 foot lots.
Situated near the Darlington Provincial Park and McLaughlin Bay Wildlife Reserve, the 79-acre development site is close to ample greenspace, while providing quick access to Highway 401. The site is situated near two parcels of land that Tribute Communities and Greybrook Realty Partners jointly acquired in 2017.
COMPLETION VALUE*: $295,000,000
*Total completion value estimated at time of investment.