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20 Lloyd St.

Key Information


20 Lloyd St.


Vaughan, ON


290 acres of future infill development with ± 95 developable acres located in the exclusive neighbourhood of Woodbridge.


May 2017


Future Residential


290 AC

Sold for


Subject Property

This 290-acre property is extremely well-located in the exclusive Woodbridge area of Vaughan along the scenic Humber River and was in use as the Country Club Golf Course at the time of sale through a lease to Clublink. The property was not encumbered by a long-term lease, allowing us to market the property as a near term development opportunity. The property was designated as Private Open Space in the Vaughan Official Plan. As a result, any potential purchaser would be required to complete an official plan amendment prior to developing the property.

Our Role

The Listing Team was mandated by the Toronto Region Board of Trade (“TRBOT”) to manage the marketing and transaction process for the TRBOT’s most valuable asset. We created an extensive marketing program that included a drone video, hard copy Confidential Investment Memorandum and an extensive digital marketing campaign which was sent out to more than 1,000 pre-qualified purchasers from the listing team’s collective database of local and global developers and investors. We worked with the TRBOT and their environmental consultant, in consultation with the conservation authority, to ensure that the developable acreage was quantified prior to going to market. We also recommended TRBOT set up a meeting with the local Councilor and Mayor prior to going to market to get a sense of the level of support from council to re-designate the site for residential uses.


Our efforts generated 8 offers, all from highly qualified and well-known developers and investors. We shortlisted the top candidates and asked for a resubmission for their best and final offers a few days later. The vendor accepted an offer from a pension fund with connections to a number of major GTA based developers. We stayed involved with the purchaser throughout the due diligence period and ensured any issues were addressed immediately to avoid any attempts to attain a price reduction or extension to the initial timelines. The deal closed successfully with the Holborn Group/RGF purchasing the site for $220 Million in May 2017. This deal set a benchmark for undesignated land in the City of Vaughan at over $2.4 Million per developable acre.


20 Lloyd St


Mike Czestochowski
Mike Czestochowski**
Executive Vice President, Land Services Group
Advisory & Transaction
+1 416 495 6257
Lauren White
Lauren White*
Senior Vice President, Land Services Group
Advisory & Transaction
*Sales Representative
+1 416 495 6223