Value-Add Retail Investment Opportunity 636-646 DANFORTH ROAD , ONTARIO BIRCHMOUNT ROAD BIRCHMOUNT KENNEDY ROAD KENNEDY MIDLAND AVENUE St. Clair Avenue East

Kennedy Road Danforth Road

SCARBOROUGH WARDEN GO STATION

ROAD TH R

DANFO

KINGSTON ROAD

BLUFFER’S PARK AND MARINA VICTORIA PARK STATION

LAKE ONTARIO KENNEDY STATION INVESTMENT HIGHLIGHTS

Ø Value-add retail investment property Ø Opportunity to increase commercial rents when rents roll BIRCHMOUNT ROAD BIRCHMOUNT

KENNEDY ROAD KENNEDY Ø Rental apartment units at below market rent MIDLAND AVENUE St. Clair Avenue East Ø Located in developing residential community Ø Less than 500 meters to Scarborough GO Transit Station Ø No near term capital improvements required Ø ESA Peer Evaluation indicates no need for ESA Phase II (2012)

Kennedy Road Danforth Road OFFERING DETAILS

SCARBOROUGH WARDEN GO COMMERCIAL GLA 5,170 SF (Ground Floor) STATION ROAD RENTAL APARTMENTS 8 Units (4 Bachelors and 4 1-Bedrooms) TH R SITE SIZE 21,000 SF or 0.48 acres DANFO YEAR BUILT 1960

ZONING CR 0.4 (C0.4; r0.2) SS3 (x455)

PARKING 47 spaces

FRONTAGE 327 feet (St. Clair Avenue East & ) KINGSTON ROAD ACCESS 3 access points

BLUFFER’S PARK AND MARINA COMMERCIAL TENANTS Mr. Sub (1,300 SF) Expires Aug 2020 VICTORIA PARK Restaurant (780 SF) Expires Jun 2022 STATION Hicorp Holdings (3,090 SF) Expires Dec 2020

NET OPERATING INCOME $165,000 (2019)

ASKING PRICE $2,999,000 or (5.5% cap rate) FOR MORE INFORMATION

Access to the data room with further property information is available to qualified buyers upon executing a Confidentiality Agreement.

To receive the Confidentiality Agreement, please contact the Listing Agents, David Williams at (416) 643-3753 or by email at [email protected] or Rob Walkowiak at (416) 791-7245 or email [email protected].

Please contact the Listing Agents for details related to submitting an offer.

DAVID WILLIAMS* ROB WALKOWIAK Senior Vice President Sales Representative +1 416 643 3753 +1 416 791 7245 [email protected] [email protected]

COLLIERS INTERNATIONAL | 245 Yorkland Boulevard, Suite 200 | Toronto, ON M2J 4W9 | +1 416 777 2200 | www.collierscanada.com

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc., Brokerage. *Sales Representative.