TORONTO, May 4, 2017 /CNW/ - The purchase of The Country Club Golf Course in Woodbridge led by the RGF Real Estate Fund L.P. was officially completed on May 3, 2017. The 290-acre property is a coveted parcel of prime land along the Humber River within the exclusive community of Woodbridge in Vaughan. The potential area for development is approximately one third of the acreage.
Clubhouse Developments Inc. plans to create a residential enclave with a blend of family homes and a significant amount of green space accessible to the community.
RGF President John A. D'Angelo says, "Low-rise housing inventory is down 65% year over year in the GTA. With this shortage and an 8% population increase in Woodbridge alone in the last five years, this rare land opportunity can help fulfill the growing need for desirable housing in Ontario."
Future residents can look forward to life in the thriving community of Woodbridge, with excellent schools, business and employment opportunities; exceptional shopping, restaurants and entertainment; and easy access to the great outdoors in parks and conservation areas.
Development is not slated to commence immediately.
SOURCE RGF Real Estate Fund L.P.
For further information: John A. D'Angelo, President, RGF Real Estate Fund L.P., jdangelo@RGFfund.ca