The last properties in Conservatory Group’s sales process are four lowrise housing subdivisions in Richmond Hill, totalling 422 lots for development, supporting a mix of townhomes and single-detached and semi-detached homes.

Put on the market as a part of an additional sale process, the subdivisions were not available during the initial launch which commenced October 2025. The latest offering consists of blocks of fully serviced residential lots across three subdivisions and a 40 per cent development interest in a fourth subdivision that is currently draft-plan approved.

Court-appointed sales officer Ernst & Young (EY) said the assets represent a “combination of near-term, shovel-ready builder opportunities and longer-term development interests.”

RENX Homes has reached out to EY for comment, but did not receive a reply by time of publication. We will update this story as new information becomes available.

The last four subdivisions for sale

The largest subdivision in the sale is named Richview Heights on Bayview North. It consists of 171 lots for sale and 177 developable units for single-detached and townhomes across three separate packages. There is 6,344 feet of lot frontage. 

The second largest is Richview Heights on Bayview South, with 95 lots for sale and 103 that are developable. Here, the property can accommodate single-detached and townhome products across two separate packages. The building permits can be filed immediately after closing, EY said. Over 3,800 feet of lot frontage is available.

Next in size is Richview Heights on 19th. A 40 per cent interest in a draft plan-approved subdivision within the North Leslie community is for sale. The joint venture has allocated the lots that will be registered on plan, with the vendor entitled to 77 single detached lots and 78 units developable. The lot frontage here is 3,220 feet.

“With servicing anticipated to commence in several years, this offering presents the opportunity to secure future inventory in this highly desirable residential market,” EY said about Richview Heights on 19th.

The smallest subdivision is Richmond Green, which has 64 lots for sale and development. A mix of single-detached, semi-detached and townhomes is available across three separate packages. Building permits can be filed immediately after closing on the majority of the lots, EY said, presenting the opportunity to build and sell the last homes. Over 1,400 feet of lot frontage is available in Richmond Green. 

All the subdivisions in the North Leslie community are a short drive away from the Richmond Green Sports Centre and Park, as well as nearby golf clubs.

Conservatory Group's sale

Conservatory Group is a Markham, Ont.-based company involved in land development, homebuilding and property management. It built and sold over 30,000 residences across the Greater Toronto Area (GTA).

The company was locked in a dispute over its direction by its owners — four brothers who took a 25 per cent stake in Conservatory after the death of their father, Theodore Libfeld, who was the founder of the company. EY was appointed by a court to sell a multibillion-dollar, 61-property real estate portfolio. The properties are primarily located in the GTA.

Residential sites for sale in the Conservatory portfolio included 23 sites with the potential for 3,458 single-family residential units in Southern Ontario and 12 high-density properties with proposals for approximately 16,000 residential units combined for a gross floor area of 13.5 million square feet.

An income-producing residential portfolio was also put for sale — six buildings in Toronto with a total of 1,790 units. The properties ranged from a 306-unit, 31-storey complex at 736 Bay St. to a 76-unit community in 1580-1600 Sandhurst Circ.