McMichael Estates (Kleinburg Estates)
TESTON ROAD AND KIPLING AVENUE, KLEINBURG
EQUITY INVESTMENT: $14,500,000
TOTAL UNITS: Over 70 luxury estate homes
DEVELOPER PARTNERS: Treasure Hill
Greybrook invested equity capital alongside Treasure Hill and will oversee the development of the Kleinburg Estates project.
Situated at the intersection of Teston Road and Kipling Avenue in the Village of Kleinburg, the new residential community will introduce an exclusive enclave of 74 single detached estate homes on 60’,70’ and 90’ lots. The sought-after location in the GTA is surrounded by picturesque woodlands nestled within the protected Greenbelt Natural Heritage System.
Kleinburg is part of the rapidly growing City of Vaughan, currently the fifth largest city in the Greater Toronto Area. The city offers residents easy access to urban conveniences, including the Vaughan Metropolitan Centre (VMC) (the new 442-acre central business district around the intersection of Highway 7 and Jane Street) and the VMC subway station – the northwestern terminus of the Yonge–University TTC subway line, which opened in 2017.
The low-rise development is close to some of Southern Ontario’s top conservation areas and scenic golf courses including, Boyd Conservation Park, Pine Valley Conservation Area, Humber River Trails, and the Copper Creek Golf Club. Also, Kleinburg Village enjoys proximity to an array of amenities in the area including, multiple schools, shops, restaurants, cafes, and community services.
COMPLETION VALUE*: $189,000,000
*Total completion value estimated at time of investment.