<<

Central Apartment Portfolio

CBRE LIMITED, REAL ESTATE BROKERAGE National Apartment Group - Toronto David Montressor* Executive Vice President 416.815.2332 [email protected] * Sales Representative Central Toronto Apartment Portfolio The Offering

CBRE Limited National Apartment Group - Toronto (CBRE) has been retained to be the exclusive listing agent to sell, on an “as is, where is” basis, the owners’ right, title, and interest in a 4 property, 6 building, 234 suite multi-residential portfolio utilizing a non-priced bid process.

The Central Toronto Apartment Portfolio includes:

• 54 & 56 Maitland Street, Toronto A 2 building, 92 suite multi-residential site

• 160 Huron Street, Toronto A 1 building, 69 suite multi-residential property

• 778 Broadview Avenue, Toronto A 1 building, 39 suite multi-residential property 54 & 56 Maitland Street - 92 Suites 160 Huron Street - 69 Suites • 310 & 312 Lonsdale Road, Toronto A 2 building, 34 suite multi-residential complex

(Individually referred to as the “property” or collectively the “properties” or the “portfolio” or the “Central Toronto Apartment Portfolio” ).

While all properties within the portfolio are being offered for sale on a portfolio basis, individual property offers will be considered.

The Vendor reserves the right to alter the sale process without notice and to reject any and all offers received.

The bid date is scheduled for Friday, November 6th, 2015. 778 Broadview Avenue - 39 Suites 310 & 312 Lonsdale Road - 34 Suites

2 Central Toronto Apartment Portfolio Portfolio Location

54 & 56 Maitland Street, 1 Toronto 4 A 2 building, 92 suite multi- residential site

160 Huron Street, 2 Toronto 3 A 1 building, 69 suite multi- residential property

3 778 Broadview Avenue, Toronto 1 A 1 building, 39 suite multi- residential property

2 4 310 & 312 Lonsdale Road, Toronto A 2 building, 34 suite multi- residential complex

3 Central Toronto Apartment Portfolio 54 & 56 Maitland Street

Church Street Property Description The property consists of two 3.5 storey, walk-up apartment buildings with a total of 92 suites. There are 6 outdoor parking spaces available for tenant use in an asphalt paved parking area at the north side of 54 Maitland Street. Maitland Street Suite Breakdown 54 56 Number % of Suite Type Maitland Maitland of Suites Suites Street Street 54 & 56 Maitland Street is an exceptionally well-located multifamily site, positioned along the north side of Maitland Bachelor 45 34 79 86% Street, west of Church Street. The property occupies a prominent position in one of ’s busiest One-Bedroom 0 13 13 14% urban districts, the neighbourhood. Total 45 47 92 100%

54 & 56 Maitland Street is situated in close proximity to the Yonge-Wellesley TTC subway station, less than a two Year Built minute walk north west. The site is situated close to three of Toronto’s main arterial roadways, Church Street, Wellesley The property is circa 1960. Street and , providing excellent local and regional access.

The site features an extensive host of amenities within walking distance including retail, restaurants, theaters and Site Description public transit. Ranked as the second best walking neighbourhood on walkscore.com, the nearby Eaton Centre and The site is approximately 0.32 acres. high-end shopping on Bloor Street West and Yorkville to the north are minutes away. Notable institutions include: 519 Church Street Community Centre, , Mattamy Athletic Centre (), Metro Central YMCA, and . Mortgage 4 Treat as Free and Clear Central Toronto Apartment Portfolio 160 Huron Street

Property Description The property consists of three structures, a 5 storey, 58 suite walk-up apartment building with a connected 2.5 storey, 6 suite walk up building (the Mansion), plus a standalone 2.5 storey, 5 suite walk-up building (the Coach House) totalling 69 suites. There are 9 outdoor parking spaces available for tenant use in an Street asphalt paved parking area at the north side of the apartment

Spadina Avenue building.

Suite Breakdown Number of Suite Type % of Suites 160 Huron Street benefits from its location in the trendy and eclectic neigbourhood in Toronto Suites Downtown West. This vibrant and diverse neighbourhood was designated a National Historic Site of in 2006. Bachelor 39 57% One-Bedroom 29 42% Located at and , the site is minutes walking distance to Chinatown, the Fashion Two-Bedroom 1 1% Total 69 100% District, West and the Financial Core to the south east. Kensington-Chinatown is the 3rd most walkable neighbourhood in Toronto with a Walk Score of 97. The site is situated close to Toronto’s main arterial roadways, providing excellent local and regional access. Conveniently located near streetcar transit along College & Spadina and Year Built minutes to the highway, 160 Huron Street is situated approximately 1 km from the Queen’s Park TTC subway station. The property is circa 1928.

The site is ideally suited to service - St. George Campus, being less than a 6 minute walk or Site Description 500 metres south of the property. 160 Huron Street is less than 1.2 kilometres from six top ranked Toronto hospitals The site is approximately 0.28 acres. including Princess Margaret Cancer Centre, Peter Munk Cardiac Centre and The Hospital for Sick Children. Nearby, notable attractions include the Art Gallery of , and a plethora of downtown amenities Mortgage 5 including retail, restaurants, entertainment, and sports venues. Treat as Free and Clear Central Toronto Apartment Portfolio 778 Broadview Avenue

Don Valley Parkway Property Description The property consists of a 2.5 storey, walk-up apartment building with a total of 39 suites. There are 6 outdoor parking spaces available for tenant use in an asphalt paved parking area located at the rear of the building. Broadview Avenue Suite Breakdown Number of Suite Type % of Suites Suites Bachelor 27 69% One-Bedroom 12 31% 778 Broadview Avenue is centrally located in the well-established Danforth/Greektown neighbourhood in Toronto, Total 39 100% near the corner of Broadview Avenue and Danforth Avenue, two major transit thoroughfares in the city. The property is directly adjacent to Broadview TTC Subway Station providing direct access to the Bloor-Danforth line and also to Year Built the Broadview Avenue streetcar line running south to Queen Street. The property is circa 1929.

The Greektown neighbourhood is characterized by a large concentration of retail shops, restaurants and boutiques Site Description along Danforth Avenue boasting one of the highest concentration of restaurants per kilometer in the world. In addition The site is approximately 0.245 acres. to private restaurants and boutique stores, several national drugstore and grocery store chains are located steps away on Broadview and Danforth including Loblaws, Shoppers Drug Mart, Rexall, LCBO, RBC, TD and McDonald’s. Mortgage There is a CMHC insured, first mortgage with First National to The neighbourhood is further balanced by substantial park space easily accessible by residents. be assumed with a balance as at January 1, 2016 of $3,732,947, Park is located directly north of the property featuring the Todmorden Mills Heritage Site. The and the interest rate of 2.84%, monthly, P&I payment of $17,860 with a Lower Don River trail are accessed from Danforth Avenue; the trail stretches 32 kilometers from Oak Ridges Moraine maturity date of March 1, 2025. down to . 6 Central Toronto Apartment Portfolio 310 & 312 Lonsdale Road

Property Description The property consists of two 3.5 storey, walk-up apartment buildings with a total of 34 suites. Russell Hill Road There are 5 outdoor parking spaces available for tenant use in an Lonsdale Road asphalt paved parking area located at the east and north sides of the property.

Suite Breakdown 310 312 Number % of Suite Type Lonsdale Lonsdale of Suites Suites Road Road 310 & 312 Lonsdale Road are centrally positioned in Toronto’s prestigious Forest Hill neighbourhood, just north of Bachelor 0 1 1 3% the Financial Core. The Forest Hill neighbourhood has distinguished itself as an upscale residential neighbourhood One-Bedroom 7 18 25 74% featuring access to retail amenities and ease-of-access to the downtown core. Two-Bedroom 8 0 8 24% Total 15 19 34 100% Located on Lonsdale Road near Spadina Road, the properties are located just 650 meters from St. Clair West TTC Year Built Subway Station on the Yonge-University Line with the 512 Streetcar Line running along St. Clair Avenue. Along the The property is circa 1927/1928. Yonge-University Subway Line, downtown Toronto is only 8 stations or 25 minutes away. Site Description The immediate neighbourhood features a convenient mix of retail, restaurants and shopping amenities all within a The site is approximately 0.61 acres. 150 meter radius of the property on Spadina Road. Other neighbourhood amenities include the Sir Winston Churchill Park and the Kay Gardener along with many of Toronto’s top primary and secondary schools including Mortgage the prestigious College and Bishop Strachan School. , the historical and Treat as Free and Clear the multipurpose complex Artscape are all nearby attractions. 7 Contact

For more information on this portfolio, please contact: CBRE Limited | Exclusive Agent

National Apartment Group - Toronto David Montressor* Executive Vice President 416.815.2332 [email protected]

* Sales Representative

Please visit our website: www.cbre.ca/nag-toronto

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Source: Microsoft Bing, Google Earth