Market Analysis

Project Description

NBLC was retained by Ellis Don Capital in 2019 to conduct a real estate market feasibility study to determine the redevelopment potential of the Woodbine Racetrack lands in Etobicoke, should the Etobicoke North GO Train Station on the Kitchener Line be moved to this location.

The purpose of this project was to provide Ellis Don Capital with an assessment on the most appropriate / marketable land uses for the 277-hectare site, ultimately providing guidance in the formulation of a master-planned, mixed-use community that could include residential, office, and retail uses, including phasing recommendation and giving considering the existing racetrack and integration of a new casino.

This project specifically assessed the potential market impact a new transit station would have on development potential and possible TOD opportunities.

The size and uniqueness of the development opportunity also meant that NBLC considered the broader regional marketplace and market positioning relative to other future or existing master-planned communities across the GTA and abroad.

The findings of this report and subsequent discussions were valued by Ellis Don as they began formulating a go-forward strategy with potential developer partners.