The subject Property is located on the north side of Mountain Road, west of Tenth Line in the heart of Collingwood. Located 1.5 kilometeres from Collingwood's vibrant downtown area which features a wide variety of retailers as well as restaurants, breweries and cultural attractions. The area is well-positioned with respect to outdoor recreation amenities, including being less than 5 kilometers from Blue Mountain Village and its various ski and golf clubs. The Vendor has successfully rezoned the Property and obtained conditional draft plan of subdivision approval from the Town of Collingwood for a 600-unit residential development that includes a range of housing types as well as parkland and a public school. The concept includes 126 singled detached, 182 townhouses, 192 stacked townhouses and 50 apartment units. Substantial Property due diligence has been completed to date and is available for review in CW's online data room.