The Friendship Gardens Townhomes development is situated on a 3-acre parcel of land on Erie Street in Wheatley, Ontario. Upon acquisition of this asset, First Leaside converted the three existing life lease units into freehold townhomes, all of which have been sold.

A subdivision agreement with the Municipality of Chatham-Kent allows First Leaside to develop an additional 16 townhomes for sale on the site. Development is anticipated to commence in the spring of 2011.