ALLISTON LAND, ONTARIO – 6485 14th LINE

100-acre land in Alliston (New Tecumseth), Ontario, in the process of being redesignated of its current zoning from Employment (light industrial) and corridor commercial to residential and corridor commercial. The zoning redesignation of the land is expected to be completed in early 2024, following which the Corporation intends to sell part of the land to a developer of single-family residences (approximately 70 acres). The remainder is intended to be developed by the Corporation into 500 multi-residential units and a proximity services strip shopping centre of 50,000 to 60,000 sq.ft.