TORONTO, ONTARIO – FEBRUARY 26, 2024 — AvranceCorp Developments (“AvranceCorp” or “the Company”) proudly announces major progress on its flagship waterfront project, Georgian Bay Harbour, a purposefully designed mixed-use residential and commercial community located in the heart of Meaford, Ontario.
As the first development of its scale in Meaford, Georgian Bay Harbour represents a defining milestone for both the company and the town — setting a new standard for sustainable, design-driven waterfront living along the southern shores of Georgian Bay.
A Visionary Community at the Water’s Edge
The Georgian Bay Harbour site has been carefully guided through each stage of development, balancing architectural integrity, regulatory compliance, and market demand. The project received zoning approval in December 2023.
Project Overview
- Project Name: Georgian Bay Harbour
- Location: 23 & 37 Trowbridge Street East, Meaford, Ontario
- Suite Count: 100 Residential Units + Ground-Floor Commercial
Investment Highlights
Waterfront Scarcity Premium:
Set along the Bighead River, with direct access to Georgian Bay, the project capitalizes on one of Ontario’s most limited and desirable real estate asset classes, which is waterfront property.
Small-Town Growth Dynamics:
The Grey County region, led by Meaford, continues to experience strong im-migration driven by remote work, early retirement, and lifestyle-focused living. Georgian Bay Harbour is strategically positioned for the demand for modern housing in a walkable, high-amenity setting.
Zoning and Risk Mitigation:
With zoning approval secured, the project now carries a significantly reduced entitlement risk compared to early-stage developments, offering investors greater confidence and predictability.
Multi-Channel Revenue Potential:
The inclusion of ground-floor and retail space creates an additional layer of value, generating potential ongoing cash flow while supporting local economic vitality.
Design, Livability, and Community Integration
Architecturally, Georgian Bay Harbour blends traditional lakeside aesthetics with modern amenities and thoughtful site design. The development includes:
- A professionally landscaped public courtyard along the Bighead River.
- Flood protection engineering incorporating a +two-metre elevation for all structures to enhance resilience and insurability.
- Green roof terraces, benches, and active public spaces promoting community interaction.
- Seamless integration with downtown Meaford, placing residents within walking distance of shops, restaurants, schools, and medical facilities
Capital Strategy and Timeline
- Land Acquisition: March 2021
- Zoning Approval: December 2023
- Site Plan Approval: 2026
- Construction Financing: Targeted before 2027
- Construction Start: Anticipated 2027
- Occupancy: Targeted for Q4 2030
AvranceCorp continues to welcome qualified investment partners, joint venture participants, and pre-sale allocation partners aligned with its commitment to sustainable growth and long-term value creation.
Leadership Commentary
“Georgian Bay Harbour is not only a beautiful waterfront development — it’s a transformational project for Meaford,” said Samuel Babarinde, Founder and CEO of AvranceCorp Developments. “As the first project of its size in this community, we are proud to be setting a precedent for quality, walkability, and design excellence. With zoning and site plan approvals secured, we’re excited to bring this vision to life and deliver lasting value for both homeowners and investors.”
Forward-Looking Statements:
This release may contain forward-looking statements relating to the future performance of the Georgian Bay Harbour project. Such statements involve risks and uncertainties, and actual results may differ materially due to various factors including regulatory changes, construction timelines, and market shifts.
About AvranceCorp Developments
AvranceCorp Developments is a Toronto-based real estate development company with a $4B+ portfolio and 7,000+ residential units in active development. Guided by urban planning principles and a commitment to innovation, AvranceCorp delivers communities that balance affordability, sustainability, and investor value.
Media Contact
Kenai Andrews
Director, Media & Investor Relations
AvranceCorp Developments
Email: kenai@avrancecorp.com
Phone: 647-368-8888