50 COOTES DRIVE Hamilton, ON

FOR SALE Regional Mixed-Use Corridor

PRIVATE CAPITAL INVESTMENT GROUP 50 COOTES DRIVE, HAMITLON Colliers International (“Colliers” or “Advisor”) on behalf of Canadian Tire Real Estate Limited (the “Vendor”) is pleased to offer for sale a 100% freehold interest in 50 Cootes Drive, Hamilton, (the “Property” or “Site”), a sizable 2.26 acre mixed-use site exceptionally well-located on the south side of Cootes Drive. The Property is comprised of three parcels; one retail store to the west (“A”), one vacant parcel to the northeast (“B”), and one vacant parcel to the southeast (“C”).

Situated less than 2 kilometres west of McMaster University, the Property offers a prime location near the central core of Hamilton. Hamilton is a proven value-based residential market with 8 active condominium projects featuring an average price of $536 per square foot.

Property Attributes ± 98,445 SF (2.26 Acres) A: ± 63,162 (1.45 Acres) Lot Area B: ± 27,878 (0.64 Acres) C: ± 7,405 (0.17 Acres) GFA A: 23,985 SF (2 Floors) Conceptual GFA 163,342 SF (8 Floors) Official Plan Regional Mixed-Use Corridor A: C3 General Commercial Zoning B & C: C5 Mixed-Use Medium Density

A: Retail Building Asset Type B & C: Vacant Land A Permitted Uses

• Artist Studio • Medical Clinic • Beverage Making Establishment • Microbrewery • Catering • Office C • Commercial Entertainment • Parking Facility

• Commercial School • Performing Arts Theatre • Communications • Personal Services • Conference or Convention Centre • Place of Assembly B • Craftsperson Shop • Place of Worship • Day Nursery • Recreation • Dwelling Units • Repair Service* • Emergency Shelter • Restaurant • Farm • Retail* • Financial Establishment • Retirement Home • Funeral Home • Social Services • Hotel • Veterinary • Laboratory

*Please see Submission Procedures as some restricted covenants may apply Hamilton City of Harbour Hamilton

McMaster McMaster Desjardins University Canal University Medical Centre

Fortinos

Shoppers Drug Mart

Bulk Barn

Driving Distances

2 minutes to Metro Supermarket 4 minutes to Shoppers Drug Mart | Bulk Barn 7 minutes to McMaster University | Medical Centre 12 minutes to Downtown Hamilton Metro Supermarket DRAFT 50 COOTES DRIVE, DUNDAS MASSING STUDY / SCENARIO # 02 Job No. 19333/ 2019.11.18

East St N Aerial View Aerial View Facing West

Thorpe St Cootes Dr Cootes Dr

1 ST Spencer Creek Trail 6 ST 8 ST 1 ST 1 ST 4 ST 3 ST Thorpe St 3 ST Dundas St Spencer Creek

Dundas St

Canadian Tire Warehouse

STATISTICS

50 COOTES DRIVE, HAMITLON Site Area Plan View DRAFT Aerial View Facing East ZONING AND2 DEVELOPMENT 50 COOTES DRIVE, DUNDAS 5,550 m (approx.) MASSING STUDY / SCENARIO # 02 Job No. 19333/ 2019.11.18 POTENTIAL

BousfieldsPROPOSED Inc. was engagedEast St N COMMERCIAL to conduct a planning GCA Aerial View and urban1,273 design opinionm2 on the Property. From the Aerial View Facing West

Thorpe St analysis Bousfields Inc. performed, it is their opinion Cootes Dr that significant redevelopment potential exists for the Cootes Dr 3 m Dundas St site with PROPOSEDrespect to the Urban RESIDENTIAL Hamilton Official PlanGFA (%95 of GCA) 1 ST Cootes Dr 17 m as well as13,902 provincial m and2 municipal planning policy. 20 m 3 m The in-effect policy framework accommodates for 6 ST 8 ST a mid-rise built form of up to 8-storeys in height. Thorpe St Bousfields Inc.’s massing scenario resulted in a NUMBER OF RESIDENTIAL UNITS 1 ST potential development1 STconsisting of two 3-storey 18 m Spencer Creek Trail 1 ST townhouse6 ST Midrise:8 STcomplexes 139 as well as an 8-storey 18 m 4 ST Cootes Dr mixed-use residential building. Overall, the potential 3 ST Back to1 ST Back Town House: 16 3 ST development1 ST would4 ST have a total gross floor area of 3 ST Thorpe St 15,1753 ST m2, 5% of which would be allocated to ground floor commercial uses, and a floor space index of 2.73 times the lot area. While an amendment to Dundas St zoning is required, theSpencer massing Creek scenario conforms to the Urban Hamilton Official Plan. NORTH Site Boundary Dundas St ProposedStatistics Midrise Development Dundas St Thorpe St Site Area CanadianProposed5,550 Tire Warehouse m2 (approx.) Lowrise Development

Proposed 1,273 m2 STATISTICS Commercial GCA Site Area PlanProposed View Aerial View Facing East 5,550 m2 (approx.) Residential GFA 13,902 m2 (%95 of GCA) PROPOSED COMMERCIAL GCA Midrise: 139 1,273 m2 Number of Residential UnitsCootes DrBack to Back Townhouse: 16 3 m Dundas St PROPOSED RESIDENTIAL GFA (%95 of GCA) 1 ST 17 m 13,902 m2 20 m 3 m 6 ST 8 ST Thorpe St NUMBER OF RESIDENTIAL UNITS 18 m 1 ST Midrise: 139 18 m 1 ST 4 ST Cootes Dr 3 ST Back to Back Town House: 16 3 ST

NORTH Site Boundary Proposed Midrise Development Dundas St Thorpe St Proposed Lowrise Development DEVELOPMENTS IN THE AREA 50 COOTES DRIVE, HAMITLON

LOW AND MEDIUM-DENSITY RESIDENTIAL DEVELOPMENTS IN THE AREA Date Sold Teansaction Lot Size (Acres) Price Price | Acre Details

Dec 2018 310 Frances Avenue 5.119 $14,625,000 $2,857,003 MUC-4 (Mixed Use Commercial)

Jan 2019 24 Brock Street North 1.198 $2,862,093 $2,389,059 RM3/S-122 (Medium-High Density Multiple Dwelling)

Jan 2019 59 & 79 King Street East 0.204 $2,700,000 $13,235,294 C5a (Mixed-Use Medium Density - Pedestrian Focus)

May 20198 132 Mayfair Crescent 0.574 $2,470,000 $4,303,136 C/S-1361 (Urban Protected Residential)

Jun 2019 235 Mayfair Crescent 0.462 $4,000,000 $8,658,009 C5 (Mixed-Use Medium Density)

Jul 2019 8 Mayfair Crescent 0.611 $2,837,500 $4,644,026 C/S-1361 (Urban Protected Residential)

Nov 2019 415 Main Street West 0.432 $2,250,000 $5,208,333 C5 Exception: 298 (Mixed-Use Medium Density)

Sold Price Sold Price Unsold Price Unsold Price Market Projects Total Units % Sold Months of Supply (PSF) ** YOY Change (PS) ** YOY Change

Peripheral Hamilton 8 1,050 84% 2 $520 5% $536 3%

Stoney Creek / Grimsby 5 632 69% 7.1 $570 -2% $584 -3%

Central Hamilton 7 1,002 78% 8 $550 2% $620 3%

Hamilton | Grimsby 20 2,684 81% 5 $541 3% $591 2%

PERIPHERAL HAMILTON ACTIVE CONDOMINIUM MARKET Unit Size Opening Price Sold Price Unsold Price Development Address Opening Date Status Units % Sold (SF) (PSF) (PSF) (PSF) 153 Wilson West 153 Wilson St W Apr 2018 Pre-Construction 69 67% 652-2075 $605 $609 $592

Trend Living - Phase 1 546 Dundas St E May 2019 Construction 251 98% 505-1074 $535 $535 $538

Trend Living - Phase 2 546 Dundas St E Apr 2019 Construction 256 97% 505-1074 $534 $535 $540

View @ 30 Hamilton St 30 Hamilton St S Apr 2017 Construction 99 99% 620-1441 $544 $545 $620

Peripheral Hamilton 675 90% $555 $556 $575 SUBMISSION PROCEDURES 50 COOTES DRIVE, HAMITLON TRANSACTION GUIDELINES & DISPOSITION OBJECTIVES be identified in the Restrictive Covenant Agreement as all lands in the City hours’ notice. Appointments for tours of the Property may be arranged through of Hamilton on which there is located from time to time a store or gas bar the following Listing Agents: The Vendor wishes to maximize value of the Properties and has provided a operated under a Canadian Tire Banner (including the Adjacent Lands). vendor’s form of offer (please see data room). Accordingly, the Vendor will consider a variety of approaches in selling the Properties. More specifically, Jeremiah Shamess Myles Kenny but without limiting other options, the Vendor may consider the following +1 416 884 5449 +1 416 620 2882 transaction structures and formats: SUBMISSION PROCESS & TIMING [email protected] [email protected] • All cash offers Proponents are invited to submit their offers at any point to: • Offers with bonus payments above a predetermined minimum price 181 Bay Street, Suite 1400 upon achieving certain rezoning objectives. Colliers International Toronto, ON M5J 2V1 • Multiple Offers – the purchaser may provide the Vendor with different 181 Bay Street East, Suite 1400 transaction options to consider. For example, the purchaser may express P: +1 416 777 2200 | F: +1 416 777 9377 an interest in purchasing the Properties on an “all cash” basis, as well as Toronto, Ontario M5C 2Z2 one with a bonus payment under different financial terms. Attention: Jeremiah Shamess & Myles Kenny OBLIGATIONS OF THE VENDOR(S) • Vendor financing may be acceptable based on terms. The Vendor(s) is not obligated to accept the highest or any Offer, nor • Other transaction structures that meet the Vendor’s disposition objective. In addition, proponents are encouraged to include as part of their submission, is it obligated to state any reason for accepting or declining any Offer, the following information: nor will it be obligated to pay any costs incurred in connection with the In addition, it is the main objective of the Vendor that the closing of the purchase 1. Key principals of the proponent company. Proponents should also provide an preparation of any Offer. The Vendor will not be responsible for any transaction shall occur before March 31, 2020. overview of their corporate structure and business & project history; damages alleged to have been suffered by prospective purchasers due to the failure of the Vendor to follow the procedures recommended herein. 2. Indication of the financial capability of the prospective purchaser.

Evidence of financial strength can be demonstrated by, for example, audited SALE CONDITIONS CONFIDENTIALITY & DISCLAIMER financial statements, annual report of a publicly listed company, and bank The Purchaser covenants that it shall not, during the period of operation of a reference letters. Financial information deemed sensitive may be forwarded The Information Memorandum (the “IM”) is provided to a select number of store or gas bar operated under a Canadian Tire Banner in the City of Hamilton, to Colliers in a separate sealed envelope addressed to Vendor and will be interested and qualified parties with an expressed interest in acquiring the use nor permit any portion of the Lands to be used for: returned to the proponent upon completion of the review; and Properties. The Vendor has retained Colliers Macaulay Nicolls Inc., Brokerage • the sale and/or installation of automotive parts and supplies; 3. In the cases where a proponent’s offer containing terms with bonus payment (“Colliers”) to act as its advisor and exclusive agent in connection with the sale based on rezoned density, the submission should include a description & of its interest in the Properties.

• an automobile service station, garage or car wash; massing of the proponent’s development concept and/or architectural The recipient agrees not to reproduce this document, in whole or in part, to use studies. • a Gas Bar Use; the information contained herein for any purpose other than the evaluation of the investment opportunity. • a hardware or home improvement store, such as but not limited to Colliers and the Vendor intend to review all offers as soon as possible. Home Depot, Lowe’s, RONA, TSC, Home Hardware, ACE, During this review period, Colliers may request additional information, data The IM provides detailed information relating to certain physical, financial True Value, Pro Hardware or variations of any of the foregoing; and clarification from prospective purchasers. Following the review, Colliers and location characteristics of the Properties. The information on which • the sale of sporting goods and/or sportswear ancillary thereto; and the Vendor may, at their discretion, negotiate further with one or more this IM is based has been obtained from various sources considered reliable, purchasers, or reject all offers. including the Vendor. All information relating to the Properties, in addition to • the sale of hardware products; the information provided herein, which is transmitted or made available to • the sale of plumbing supplies; a prospective purchaser at any time, orally or otherwise, by the Vendor or ACCEPTANCE PERIOD Colliers, is provided as a convenience only without representation or warranty • the sale of electrical supplies; All offers to purchase must be open for acceptance by the Vendor for a as to accuracy or completeness, and such information should not be relied upon by a prospective purchaser without independent investigation and • the sale of paint and/or wallpaper; minimum of 5 business days after submission. verification. Colliers has conducted a review of this information but has not • the sale of building supplies; independently verified its accuracy or completeness. This document is provided CONDITIONAL PERIOD by Colliers with the expressed understanding that prospective purchasers will • a horticultural nursery or garden centre; undertake their own review and due diligence and independently investigate Purchasers will be provided with due diligence materials regarding the Property those matters deemed pertinent. Colliers reserves the right to request return • an automobile rental agency; during the conditional period as per the Agreement. In addition, access for of this document at any time. inspections and reviews will be granted in accordance with the Agreement. • the service or sale or wholesale distribution of men’s, women’s or unisex work wear/casual wear or workplace uniforms or related accessories The Vendor and Colliers expressly disclaim any and all liability for any errors or (including but not limited to boots, gloves and hard hats, industrial and DEPOSITS omissions in the IM or any other written or oral communication transmitted or construction safety work wear, safety shoes and boots), workplace made available to a prospective purchaser. uniforms, healthcare apparel or work boots or outdoor clothing and An initial deposit of no less than $100,000 for each Site and shall be paid by related accessories (including boots, shoes, jeans) and clothing products cheque to Colliers Macaulay Nicolls Inc., Brokerage, In Trust, upon execution of The IM is not to be reproduced, in whole or in part, without the express written such as are typically sold in the majority of Mark’s Work Wearhouse or a formal Agreement of Purchase and Sale. A further deposit of no less than consent of Colliers. The terms and conditions in this section will relate to all Mark’s stores. $150,000 by certified cheque shall be paid to the Colliers Macaulay Nicolls Inc., of the sections in this IM as if stated independently therein. The division of the Brokerage, In Trust, upon waiver of the Purchaser’s Conditions. IM into sections, paragraphs, sub-paragraphs and the insertion or use of titles The Purchaser consents to the registration on the title to the Lands, in priority and headings are for convenience of reference only and shall not affect the to all mortgages, charges, other similar financial encumbrances, of a restrictive construction or interpretation of this IM. covenant agreement (the “Restrictive Covenant Agreement”) to this effect at PROPERTY INSPECTIONS Closing, said Restrictive Covenant Agreement to be prepared by the Vendor’s Solicitors and to be substantially in the form attached as Schedule “E”. The Guided tours of the Properties must be conducted in the presence of a lands which shall benefit from the Restrictive Covenant Agreement shall designated representative of Colliers, while residential units must be given 24 50 COOTES DRIVE Hamilton, ON

JEREMIAH SHAMESS* Vice President Private Capital Investment Group T: +1 416 620 2814 M: + 1 647 884 5449 [email protected]

MYLES KENNY Senior Sales Representative Private Capital Investment Group T: +1 416 620 2882 M: + 1 416 948 0207 [email protected]

Colliers International 181 Bay Street, Suite 1400 Toronto, ON M5J 2V1, Canada T: +1 416 777 2200 F: +1 416 777 2277 www.colliers.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 PRIVATE document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of CAPITAL independently owned and operated companies. This publication INVESTMENT is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. Colliers Macaulay GROUP Nicolls Inc.. * Sales Representative