Toronto, Ontario

Premier HIGH DENSITY DEVELOPMENT OPPORTUNITY IN MIDTOWN TORONTO

YONGE ST

MT PLEASANT RD

BROWNLOW AVE

SOUDAN AVE

214-226 SOUDAN AVENUE & 19-21 BROWNLOW AVENUE YONGE ST

North Toronto Collegiate Institute

Northern Secondary School TABLE OF Contents

Eglinton Junior Public School EGLINTON AVE E 04 Executive Summary 06 Investment Highlights 10 Property Summary

BROWNLOW AVE About the Development SOUDAN AVE 12

MT PLEASANT RD 14 Market Overview HILLSDALE AVE E 16 Location Overview 20 Offering Process

MANOR RD E

2 3 EXECUTIVE summary

CBRE’s Land Services Group, on behalf of Wells Gordon Limited, is pleased to offer for sale 0.52 acres at 214-226 Soudan Avenue and 19-21 Brownlow Avenue (known as the “Property” or “Site”) in the City of Toronto. Situated steps from Mount Pleasant Road and Eglinton Avenue, the Site provides an unprecedented opportunity for high density development in one of Toronto’s most highly sought after neighbourhoods. A Zoning By-Law Amendment (ZBLA) application has been submitted by the vendor to permit the development of a 21-storey residential building with just under 182,000 sq. ft. of total GFA and 208 units, allowing purchasers the opportunity to develop condominium or purpose-built rental EGLINTON PARK product. The vendor appealed the application to the LPAT in 2018 MEMORIAL COMMUNITY CENTRE based on a non-decision from the City and a Case Management YONGE ST

Conference (CMC) was held in March 2021 with the next conference EGLINTON STATION scheduled for July 2021, and a settlement hearing scheduled NORTH TORONTO COLLEGIATE INSTITUTE for January 2022. The revised drawings presented to the LPAT have taken into consideration comments received from the City FARM BOY SOUDAN AVE regarding the built form, and also proposes 100% condominium EGLINTON AVE E units on the Site, as care suites had previously been proposed 190 SOUDAN AVENUE URBAN INTERNATIONAL SCHOOL ZBLA Application submitted December for a portion of the Site. The revised project aligns well with the 2020, to permit a 21-storey residential DUNFIELD PARK rental building with 167 units. policy direction of approved OPA405 and substantially meets the Application is Under Review. built-form expectations and policy directions. FUTURE MOUNT PLEASANT STOP BROWNLOW AVE FUTURE LRT LINE The Yonge-Eglinton node has witnessed unprecedented growth and development over the past decade, benefiting from the significant investment in infrastructure along the Eglinton corridor. As such, the offering provides a significant opportunity for a high density development that is backed by desirable market fundamentals. MT PLEASANT RD

MANOR RD E 4 CONCEPTUAL RENDERING 5 INVESTMENT HIGHLIGHTS

ideal market Active FUNDAMENTALS application THAT IS AT THE LPAT Whether it be a high rise condominium or purpose built rental project, the Midtown Toronto neighbourhood Purchaser has the ability to continue on with the existing provides strong market fundamentals suited for a wide ZBLA that is at the LPAT, which currently proposes a range of developers and operators. Condominium product 21-storey development with 181,314 sq. ft. of total is currently selling on average in excess of $1,300 per sq. GFA.The next CMC is scheduled for July 2021, with a ft., with the bulk of units selling within the first months of settlement hearing date scheduled for January 2022. opening (RealNet, 2021). Additionally, there are multiple This provides the purchaser with the ability to be apart purpose built rental projects achieving in excess of $4.00 of the hearings and negotiation with the City for the per sq. ft. with vacancy rates below 1.5% (Urbanation, 2021). ZBLA and proposed built form of the development.

6 Source: unsplash.com 7 INVESTMENT HIGHLIGHTS

unmatched Favourable location Demographics NEAR YONGE-EGLINTON IN THE NEIGHBOURHOOD

Future residents will benefit from the array of transit Within a 1km radius of the Property, the population is options, local amenities and services that will be steps anticipated to increase by 16.8% by 2025, which is more from their door, including a diversity of local stores, bars, than double the rate at which Toronto is anticipated to restaurants, cafes, grocery stores and fitness facilities. grow (SiteWise, 2021). In addition, the average household Not only is the Property walking distance to Eglinton income is just over $180,000 in the neighbourhood. Station at the corner of Yonge-Eglinton, the Site is steps to the future Mount Pleasant Crosstown stop.

8 Source: untitledtorontocondo.ca 9 PROPERTY

summary PIN(s) 211970088, 211970022, 211970086 & 211970024 BROWNLOW AVE PIN (s) 211340147; 211340148; 211340149; 211340150; 211340151; 211340152; 211340153; 211340154; 211340155

Total Lot Size ± 0.52 acres (22,840 sq. ft.) Frontage 150 ft. along Scollard Street and 50 ft. along Yonge Street Frontage ± 150.2 ft. along Soudan Avenue and ± 150.3 ft. along Brownlow Avenue Official Plan Official Plan As per OPA405 (Yonge-Eglinton Secondary Plan) the Site is designated, in part, as Mixed Use Area B within Mixed Use Area the Mount Pleasant Station Core Area, and, in part, as Apartment Neighbourhood within the Soudan Midtown Character Area. The Property is also designated as a Transit Node Secondary Zone and Priority Park Area as per the Secondary Plan. Zoning (as amended) Zoning R (d0.6)( (x914) & R (d0.6)(x218) - ZBLA application has been filed on the Site to permit redevelopment, please see development overview on page 13.

Existing Conditions All of the houses on the Site are vacant except for the house at 226 Soudan Avenue (adjacent to The Briton House) which has 5 care units currently operating as part of the Briton House Retirement Centre. Please note that the vendor is currently undertaking a severance for 226 Soudan Avenue from 700 Mount Pleasant Rd (the existing Briton House).

Mortgage SOUDAN AVE Treat as free and clear. Environmental A Phase I ESA was conducted in March 2020 by Trafalgar Environmental Consultants. The vendor is in the process of having a Phase II ESA completed, which will be uploaded into the online Document Centre once finalized. Mortgage 11 10 Treat as free and clear. ABOUT THESidewalk Concrete PROPOSED EXISTING 1-STOREY BUILDING

L OL T Project North True North 160.86 LINE ON WALL OF FACE EXTERIOR 158.15 PROPOSED160.94 SITE PLAN (MARCH 2021) 719

A 0.25 CON

N D 158.02

160.38 EC SITE DATA 0

S .1

A N 160.85

161.00

160.95 - G l F r o o 730 266 SOUDAN AVENUE, TORONTO, ONTARIO

0.30 CON . 7 0 5 1 1

161.02

160.44 1

58 . 9 4 5 1

1 DEVELOPMENT158.26

DATA SUBMISSION 1 SUBMISSION 2 SUBMISSION 3 .

4 il - e G G R A S S C W

160.92 (OCT. 2017) (MAR. 2020) (MAR. 2021) Garage of U/G Interior Wall Presented to LPAT CMC MH 161.04 CON 158.18

DRAIN MH 0 1 160.51 .35 60 SETBACKS FLOORS 1 - 7 FLOORS 1 - 4 FLOORS 1 - 4 . 160.96 5 LINE ON WALL OF FACE (INV=158.62) 6 161.07 161.07 3.01 (m) 3 (m) 8.5 (m)

160.96 NORTH SETBACK DRAIN 717

160.53 EAST SETBACK (MOUNT PLEASANT) ------C

Concrete Gutter Concrete o

n SOUTH SETBACK (SOUDAN AVE) 5.01 (m) 5 (m) 9 (m) c 722 PODIUM

0.1 DEC

r 160.88 e 160.62 t 161.09 WEST SETBACK (BROWNLOW AVE) 5.04 (m) 5 (m) 5 (m)

160.85 e

DRAIN

S A DRAIN

160.69 N

S APPLICATION HISTORY AND STATUS FLOORS 8 - 25 FLOORS 5 - 7 FLOORS 5-16

i d

OW e

160.78 w

B NORTH SETBACK 3.03 (m) 3 (m) 9.5 (m) a

0.25 DEC l G R A S S

160.27

158.21 k

1 158.08

BLOCK 6

The Zoning By-Law Amendment (ZBLA) was submitted for the Property inEAST October SETBACK (MOUNT PLEASANT) ------0

O . 160.95 3

160.90

T M 3 160.77

S SOUTH (SOUDAN AVE) 23.25 (m) 11.6 (m) 12.3 (m)

A N

W 2017 that proposed the expansion of the existing Briton House RetirementWEST Centre SETBACK (BROWNLOW AVE) 5.04 (m) 6 (m) 6 (m) 0.35 CON 161.13

N 'H' X FLOOR 8-20 FLOORS 17-18 D L 1 R on Mount Pleasant Road. In April 2020, a 2nd submission was submitted by the 60 AI EXISTING 10-STOREY BUILDING 711

. N 160.74 0.35 CON 7 9.5 (m) O 0 NORTH SETBACK 9.5 (m)

D 160.94 1 R C

60 AI

0.20 CON N o

161.04 . n

W 7 EAST SETBACK (MOUNT PLEASANT)

7 c --

vendor that made changesOW to the initial built form of the proposed development --

160.97 e

160.76 C

160.81 160.61 t

S e u

A 14.6 (m) SOUTH (SOUDAN AVE) B 14.9 (m)

N 1

X b (FORMERLY DOUGLAS AVENUE - DEDICATED BY REGISTERED PLAN 694-Y) PLAN REGISTERED BY - DEDICATED AVENUE DOUGLAS (FORMERLY

TOWER a

(AS WIDENED BY BY-LAW N° 18353, REGISTERED AS INST. AS REGISTERED 18353, N° BY-LAW BY WIDENED (AS r

a 160.91 .

4 including decreasing the height and total number of units. In addition, the vendor

C WEST SETBACK (BROWNLOW AVE)

d 6 (m) ROAD PLEASANTMOUNT

5 6 (m)

V F 160.67

157.64 e u

161.01 n

160.93 1

e 160.87 6

E 157.64 0 FLOORS 19, 20, 21

CON . 161.29 3 W

0 G-Floor X 1 . X proposed market condominium units in the tower and care suites in the podium 30 0.58 709 1 S 9.5 (m) 61 To Stairs NORTH SETBACK

T CON 161.11 W M

160.40 160.70 S 0 . Garage 1 . 1 A

30 3 59 N

1 .8

61 A 4 EAST SETBACK (MOUNT PLEASANT) 6 . 0 0 6 160.88 1 --

. 161.03 S of the revised development. In March 2021, ahead of the Case Managment 0

3 V h

160.84 0.1 DEC (

e G-Floor G-Ceil P 160.37

157.63

a 720 n ara 160.92

25000 (MIN.) 28000 (MAX.) G-Fl 26700 (AVG.)

t pet) 19 = 16.8, 20 = 18.6,

157.16 SOUTH (SOUDAN AVE)

Cedar Hedge 160.53 159.19 oo - G l F r o o

7 . 9 9 5

X Cedar Hedge 1 G-Cei

160.87 r 65 OW 21 = 21.6 (m)

158.10 . 7 8 5 6

1 Conference with the LPAT, the vendor made revisions to the drawings, including

160.74

161.05 .

Interior Wall of U/G Garage 9 4

X X X X X X X X l 158.24 WEST SETBACK (BROWNLOW AVE) 6 (m) 158.42 1 T 53

N Landing. built form considerations and proposed all condominium units on the Site. 3 9

E 707 S

A N

M H ANGULAR PLANE 63 DEGREES 61 DEGREES 60 DEGREES

IU C 710

D A 158.32

O 158.50

R "

C - P -

/8 "

/8 W

' - 4 - ' On March 22, 2021 a CMC was held with the owner and the City regarding

0 158.47 470 158.51

A S

Y 6 8030

T 6 - ' BUILDING DATA

0.1 DEC M

2 8500 S

1 A

' - 1 - ' N

E 9700

C 2 OW

S L the current application and appeal, whereby the vendor put forth theDATA revised SUBMISSION 1 SUBMISSION 2 SUBMISSION 3 31' - 9 7/8"

H A 5 T 70 (OCT. 2017) (MAR. 2020) (MAR. 2021)

. B .

A N15°41'00"W

N 158.11

160.80 M submission. A second CMC has been scheduled for July 22, 2021 with a hearing

158.51 TOTAL DENSITY (# of units) 256 207 208 160.68 NORTH SETBACK - TOWER

" FAR (GROSS DENSITY, INCLUDING

1 date set by the Tribunal starting on January 10, 2022. The status of the application 6.46 6.07 --

U 1 GREENP GARAGE)

S A 1200

O N 158.24 ' - 1 - ' FAR (GROSS DENSITY, EXCLUDING A/G 3 6.02 5.63 -- 1 ENCLOSED provides a significant opportunity for a U purchaser to continue on with GREENPthe GARAGE)existing PROPOSED DEVELOPMENT BREAKDOWN LOADING 703

N N° 67220EN) N°

( W P RESIDENTIAL GROSS FLOOR AREA (m²) 19,193 (m²) 17,051 (m²) 15,591 (m²) 2 - STOREY EXISTING BUILDING ara

ZBLA application that pet)is beforeR the LPAT. The vendor has taken into consideration S

S T (2ND STOREY ATRIUM)

M 480 S

753 (m²) 801 (m²)

A TOWER CONSTRUCTION GFA/TYP. LVL (m²) 703 (m²) N 158.08 1' - 6 7/8" P

B MAX. BALCONY ENCROACHMENT the City’s feedback as well as the local communityL and is confident thatTOTAL the EXISTING revised - DEMO GFA + NEW GFA -- 17,117 (m²) -- B

160.63 RD SW RD WY 158.43

160.80 WY Concrete Walkway Concrete G

1 0.1 DEC

6 1 u 9 7

160.93 0 O t DIA=0.375 4520 NUMBER OF STOREYS 25 + MECH PENT. 20 + MECH PENT. 21 + MECH PENT.

C W t CUT A Driveway

drawings substantially meet e the City’s built form expectations and policy directions. r 1 14' - 10" ROOF OF MECH. PENTHOUSE 6 D

S 8 Brick 1 BUILDING HEIGHT (ex. Mech) (m) 83.03 (m) 63.13 (m) 69 (m) I 70

TYPE G - A

= 2 A LOADING As previously noted, the revised proposal0 is for 100% condominium units with the . BUILDING HEIGHT (incl. Mech) (m) 87.93 (m) 68.45 (m) 74.93 (m)181,314 sq. ft.

3 Total GFA S

B N

A L* N 160.63 BAY 7 BRD C C B LRD CUT RD 5

160.76 WY WYBF

T 160.81 INDOOR AMENITY AREA (m²) 232 (m²) 152 (m²) 394.20 (m²) E 1 1 G 4 6 9 7 1 1 3 care suites initially intended for a portion of the building removed. Purchasers 7 7 2

R OUTDOOR AMENITY AREA (m²) 280 (m²) 152 (m²) 521.40 (m²) POPS W 158.54

S will benefit significantly from being able to continue on with the existing ZBLA

T M

B B S

G RD RD A UT .

N 178,123 sq. ft. (16,548 sq. m.) 160.54 O Total Residential GFA

WY WY W SW E 158.12 1 G 699 6 6 1 160.71

1 160.75 7 7 MECHANICAL PENTHOUSE 4 3 and the ability to develop a condominium or purpose built rental on the Property.

45.74 MECHANICAL PENTHOUSE SIZE SUBMISSION 1 SUBMISSION 2 SUBMISSION 3

r ROOF OF 21ST FLOOR d Based on the current designation, the proposed development does not require an (OCT. 2017) (MAR. 2020) (MAR. 2021)

e 4,243 sq. ft. n PENTHOUSE FLOOR AREA (m²) Indoor213.84 (m²) Amenity218.79 (m²)Space151.85 (m²) PROPOSED 21 c 5000 1000

e Storey 2nd

S Official Plan Amendment (OPA) for approval.

A N STOREY 16' - 4 7/8" 3' - 3 3/8" Walkway BUILDING AREA AT PENTHOUSE (%) 703 (m²) 627.5 (m²) 491 (m²) Crown of Pavement of Crown DEVELOPMENT WEST SETBACK - PODIUM ROOF OF 20TH FLOOR

(Balcony) MECHANICAL PENTHOUSE COVERAGE (%) 30% 35% 31% AVENUE BROWNLOW

160.69 O 167.33

W 697 160.71 158.31

158.53

B W

8 . 7 5 9

ROOF OF 19TH FLOOR 1

S l T

BF B k M C

CLF 158.49 S

A N SW 158.46 TORONTO GREEN STANDARDS STATISTICS 5,612 sq. ft. (proposed POPS) 1 3 Outdoor Amenity Space 1 8 160.63 1 3 7 9 7 6000 ROOF OF 18TH FLOOR ABOUT THE700 PROPOSED DEVELOPMENT SECTION 1: FOR STAND ALONE ZONING BYLAW AMENDMENT 19' - 8 1/4" 158.46 158.45 158.50 RAMP TO APPLICATIONS AND SITE PLAN CONTROL APPLICATIONS WEST SETBACK - TOWER UG 158.47 4500 C PARKING o AUTOMOBILE INFRASTRUCTURE SUBMISSION 1 SUBMISSION 2 SUBMISSION 3 n Based on the current drawings presented to the LPAT on March 22, 2021, the ROOF OF 16TH FLOOR 14' - 9 1/8" c

e 695 (OCT. 2017) (MAR. 2020) (MAR. 2021)

160.34 3

160.52 t EAST SETBACK - PODIUM O

e W C

LRD S 21 storeys A G

N Number of Storeys

R UT 158.49 vendor is proposing a 21-storey158.44 building with a 4-storey podium and NUMBER3 levels OF PARKING of SPACES 79 54 96 1 e 5 1 0 6 t

5 a 1000

i ROOF OF 4TH FLOOR 6000 n VISITOR PARKING 8 0 6

g underground parking with 102 spaces. The development proposes at total GFA of 21600 (PODIUM) 19' - 8 1/4"

Chain Link Fence W NON-RESIDENTIAL na na na

C EAST SETBACK - TOWER

Concrete Gutter Concrete a

S 3 S

o T ONCRETE BUILDING h l B

M 2-STO C

Asphalt 1 REY S

e n

A COMMERCIAL GREENP GARAGE na na na

u 69 metres N l Height

c just under 182,000 sq. ft. with approximately 178,000 sq. ft. of residential GFA with

6 t

(BRITON HOUSE) C e r

-1

o e

n 158.96 t TOTAL H

5 87 54 102 e n

L G

c S e

E 3 t 158.47 69 M

E 208 units, containing an attractive158.42 mix of suites including studio, 1-bedroom (plus

o SOUTH SETBACK - TOWER LEVEL 21

i CYCLING INFRASTRUCTURE

V d

IU O 158.85

s 158.34

e TRUCK W

D w

L MH

O a

R TURNING LONG-TERM BICYCLE PARKING SPACES 111 61 210

l Studio - 34

E k

0 E

" - P - SPACE den) and 2-bedroom units (plus den). Access to the underground parking garage

/8 K

W 160.25

O 160.48

A 155.29

C 158.44 S B B

B T - A

9000 T - 158.53 N

' - 6 - ' 1-bedroom - 94 12300 LONG-TERM BICYCLE PARKING LOCATED:

T 14900 o

K 1 18600

9 K

16800 is proposed to be on the northern portion of the Site, off of Brownlow Avenue, with 4 160.39

3 E a

2 (INV=157.07) B C 158.30 C r S A

A I d -- D 158.43 160.31 a) first storey of building Total Units 0 30

B X RS

T 160.28

T F

S 2 bedroom - 80

159.17 e

G E

U A UT 158.50 L R access to the loading off of SoudanN Avenue. -- SW n d) first level below-ground 0 60 159.19

S S W

160.27 159.14

S 155.89

1 c S 160.28 6 1 H A

S 1 CLF 2.52 N

4 H

4 e 7 4 1.81

8 T

T S Steps Down M T --

1 U M d) second level below-ground 71 60

160.42 H 4 U 159.14 Tile Pavement 0 TOTAL - 208 units

O SOUTH SETBACK - TOWER LEVEL 20 MH MH 159.12

CLF S O 1 MH

S 0.01 N 42.67 W SOUTH SETBACK - TOWER LEVELS 17-18 CLF 159.79 d) third level below-ground -- 0 60 159.28

1 159.79 4 159.07 159.15 1 158.55

C 5 158.36 159.11 1 159.11 LRD 4 2 DEC 1 1 0

1 4

DEC 0.1 159.13 C 0.15 1 CUT 2 8th Floor & Up Balconies 159.07

6 Driveway Asphalt X

160.43 159.71 N74°22'20"E 58 1 NE 5 SHORT TERM BICYCLE PARKING SPACES 13 13 25 PROPERTY LI G

5 0 159.04

Driveway Concrete G . 1 As per OPA405, the Site is8 within a priority park area, although a park is not

r 3

. 1 S

r 9 A

2 6 . N

a 0.15 DEC 3 3 FH 158.98

2 FH LS UP 159.05

159.74 3

A r 1 160.19 . 9 4 5 1 1

1 LS UP O 58

SW 159.57 a 159.07 1 W

4 W S

6 6 C AN t . Concrete Sidewalk u 159.43 2 e

159.47

0 1 158.65 0

UP 7 r . feasbile based on the sizeb of the Property, the City would like to seeSTORAGE a park-like AND COLLECTION OF

L 2 9 1

S 59 Concrete Sidewalk 6 C

C 3 levels of underground parking

9 1 CUT . u

3 S 6 UP 1 t RECYCLING AND ORGANIC WASTE

AN C UP 2

W O W O W D O 0 L W S C SW SW E L SW D WY SW S . 1 SW E SW A OW OW OW 1 6 1 WY W A OW OW OW

2 9 1 159.11 OW OW OW OW Total Parking Spaces

4 K 9

1 U 1 2 1

G E 1 1 1 1 0 159.43 1

1 1 8 58

58 D UT Y 8 8 8 8 setting provided58 through a POPS (privately owned public space). The vendor has 0 8 WASTE STORAGE ROOM AREA (m²) 79 (m²) 51.77 (m²) 52.95 (m²)

I 1 160.00 4 5 8 9 P 5

P 8

A 160.18 159.51 159.11 .

. .

C 8

1 159.65 8 7

159.99 159.87 159.74 WV 6

= . with a total of 102 spaces

1 159.91C S

160.15 9 158.96 2 7 159.79 4 6

6 1 Concrete Sidewalk 9 A

0 1 1

Concrete Sidewalk N . WKEY W 3 1 1 159.39 158.42 1 0 6 C C C 2 C 0 G CUT CUT CUT 1 CUT 158.98 58 0 . UT Curb Cut 159.06 158.92 MH 1 .1 4 7 1 1 1 1 1 provided for this along Soudan Avenue and Brownlow Avenue through a setback. 6 5 0 5 5 5 9 8 7 6 159.45 S Curb Cut Gutter A 159.59 159.55 159.31 159.01 158.53 158.52 O N 160.12 160.02 159.95 159.91 159.75 159.71 W MH (INV=154.66)

S UNIT TYPES AND TOTALS T MH

160.32 M SAN 1 SAN SAN SAN SAN SAN 4 SAN SAN SAN SAN SAN

MH 8 (INV=156.59) 1 58 FLOOR STUDIO 1 BED 1 BED + DEN 2 BED 2 BED + DEN .1 6

MH S (INV=158.03) (INV=155.32) A (INV=155.90) N GROUND FLOOR STM STM STM STM STM STM STM STM STM 1 STM

4 158.53 7 160.39

DIA=0.525 Based on the current plans, 2 new easements158.43 would be needed for the proposed

C SOUDAN AVE MH LRD C C C LRD LRD LRD LEVEL 2 1 24 222 1 5 1 1 1 2 1 5 5 159.72 159.67 5 4 5 58 Based on the March 2021 drawings that were presented to the LPAT at the CMC 3 Crown of Pavement 160.18 160.01 159.27 . PODIUM development. The first158.58 would be to allow for access through1 the 2ndLEVEL level 3 of 24 222 159.85 5

Bell MH Bell 2

158.48 LEVEL 4 Not including2 the4 three 222levels of underground parking S

SOUDAN A underground parking to the existingN underground parking garage at 700 Mount PODIUM SUBTOTAL 3Excluding6 the mechanical12 6 penthouse6 6

AVENUE 158.36 LEVEL 5 - PODIUM TERR. 26 4

159.67 (DEDICATED BY REGISTERED PLAN Pleasant Rd (please158.50 see drawingsMH in the Document Centre). The second easement Access to underground parking garage Access to loading 694-Y) LEVEL 6 2 6 4

12 CC 1 LEVEL 7 2 6 4 is in respect to a fire exit and walkway at 226 Brownlow Avenu58 e. 2 N . L 1 0 1 1 8 9 9 LEVEL 8 2 6 4 1 1 8 LEVEL 9 2 6 4 LEVEL 10 2 6 4 LEVEL 11 2 6 4

691 LEVEL 12 2 6 4 277 694 LEVEL 13 2 6 4 LEVEL 14 2 6 4 TOWER LEVEL 15 2 6 4 LEVEL 16 2 6 4 LEVEL 17 2 2 3 2

7 LEVEL 18 2 2 3 2 5

7 6 689 LEVEL 19 5

9 LEVEL 20 5 LEVEL 21

6 692 TOWER SUBTOTAL 28 76 0 54 14

BUILDING TOTAL 34 88 6 60 20 GRAND TOTAL 208

SITE PLAN OVERALL 1 1 : 200 OVERALL SITE PLAN 20024 12/03/2021 19-21 BROWNLOW AVENUE CONDOMINIUM TOWER - ISSUED FOR LPAT HEARING 2021-03-12 2:41:51 PM Untitled Toronto - North Tower 1 MARKET 2 6

5 overview 3

The Toronto Midtown neighbourhood has become a haven for developers 8 Times Group Corporation as they search for their next landmark condominium or purpose built Source: timesgroupcorp.com rental projects. Serviced by both the existing line 1 TTC subway and the near-completed Eglinton Crosstown, the Midtown neighbourhood is E2 Condos undoubtably one of Toronto’s most sought after locations for new home purchases or rental options. The economies achieved in these projects support feasibility for both condominium and purpose built rental, making this an attractive option for a wide range of developers and 10 operators. 9 EGLINTON CONDOMINIUM MARKET 4

As per Altus RealNet, there are currently 10 active condominium Source: untitledtorontocondo.ca development projects selling units, comprising many of the Toronto’s most prominent developers such as Metropia, Tribute and Plazacorp. Uovo Boutique Residences at Yonge & Davisville These developments are cumulatively introducing 3,300 new 7 condominium units, with only 409 of these units remaining in inventory Source: e2condominiums.ca today. Additionally, these projects are selling for competitive prices of approximately $1,300 per sq. ft. on a weighted average basis. Most ACTIVE DEVELOPMENTS WITHIN A 5 KM RADIUS recently, Reserve Properties and Westdale properties launched their Construction # of Size Range Available Development Builder Opening Occupancy Unit Price Range Units Sold (%) Untitled Toronto Project – a 2 tower development (21 and 33 storeys) Status Storeys (sq. ft.) ($/sq. ft.)

located at 110 Broadway Avenue. This project launched in February of Untitled Toronto - North Reserve Properties and 1 Pre-Construction 21 2/22/2020 12/1/2023 $424,900 to $1,221,900 307 to 1,094 $1,199 295 220 (75%) 2020, and in the first month of sales sold 545 of the 723 units (75%) Tower Westdale Properties Untitled Toronto - South Reserve Properties and achieving average pricing over $1,200 per sq. ft. This figure is not only 2 Pre-Construction 33 2/1/2020 4/1/2024 $399,900 to $1,066,900 302 to 903 $1,284 428 401 (94%) Tower © 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS,Westdalei-cubed. The information Properties contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE a testament to end user demand, but also a strong indicator for investor neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. confidence. Layout ID:L043 MapId:7977824 Sixty Five Broadway Times Group Corporation Pre-Construction 39 7/29/2019 4/1/2024 $579,900 to $1,272,900 435 to 1,111 $1,194 373 222 (60%)

Tribute Communities and 4 Y&S - Yonge & Soudan Pre-Construction 36 2/20/2019 1/1/2024 $459,990 to $1,639,990 412 to 1,226 $1,345 298 257 (86%) TENBlock Developments

Line 5 Condos - Reserve Properties and PURPOSE BUILT RENTAL MARKET 5 Pre-Construction 33 1/17/2019 1/1/2024 $474,900 to $1,264,900 399 to 991 $1,367 390 381 (98%) South Tower Westdale Properties

Line 5 Condos - Reserve Properties and As per Urbanation’s Q4 2020 Market Rental Report, there are 16 purpose Pre-Construction 36 10/16/2018 1/1/2024 $474,900 to $1,078,900 347 to 909 $1,401 472 464 (98%) 6 North Tower Westdale Properties built rental buildings in Toronto’s Midtown neighbourhood, owned and Uovo Boutique operated by many of the City’s most prominent groups such as Minto, 7 Residences at 2114 Yonge Inc. Under Construction 10 4/16/2018 8/1/2022 $754,900 to $3,278,900 735 to 2,009 $1,314 58 44 (76%) Shiplake and Greenwin. The buildings represent a total rental stock of Yonge and Davisville Metropia and Capital over 3,500 units, with 7 of these buildings currently operating at a less 8 E2 Condos Under Construction 46 10/12/2017 4/1/2022 $571,990 to $2,699,990 633 to 2,022 $1,385 440 433 (98%) than 1.5% vacancy rate and the majority of these buildings achieving an Developments Plaza Midtown - average lease rate in excess of $4.00 per sq. ft. 9 Plaza Under Construction 32 2/9/2017 9/1/2022 $613,000 to $1,582,000 582 to 1,700 $1,127 236 202 (86%) 14 25 Holly Street Plaza Midtown - Plaza Under Construction 35 2/9/2017 9/1/2022 $352,000 to $1,807,000 480 to 1,355 $1,215 307 264 (86%) Source: thedavisvillecondo.com 10 50 Dunfield Avenue NEIGHBOURHOOD overview

The Site is ideally situated within Midtown Toronto, in the Yonge-Eglinton neighbourhood. The Property is poised to capitalize on the areas numerous transit options including the TTC Subway Line 1 and the future Mount Pleasant LRT station along the future Crosstown, which is a 4-minute walk from the Site. The area is also rich in amenities and services, including an array of local retailers, restaurants, bars, cafes and grocery stores, providing convenience for residents and workers of the neighbourhood. Notable retailers and restaurants in the area include Indigo, Loblaws, Sephora, Cibo, West Elm, Shoppers and Farm Boy. There are also

a number of parks and recreational facilities, including Yonge & Eglinton Source: thestar.com Kay Gardner Beltline Trail Mount Pleasant Cemetary, Kay Gardner Beltline Park and Source: untitledtorontocondo.ca Sherwood Park.

The Yonge-Eglinton node has witnessed unprecedented growth and development over the past decade, benefiting from the significant investment in infrastructure along the Eglinton corridor. Through the development of the Crosstown LRT, the Yonge-Eglinton node is positioned to be the next major transit hub in the City making the offering an exceptional opportunity to capitalize on the demand and momentum of the area.

94 WALK SCORE 89 TRANSIT SCORE 69 BIKE SCORE

Mount Pleasant Cemetery Source: untitledtorontocondo.ca John Fisher Public School Source: unsplash.com Source: flickr.com 6 NEARBY 4 amenities LAWRENCE RETAIL 3 1. Summerhill Farmer Market 2. Farm Boy 3. Shoppers Drug Mart FUTURE LRT LINE Eglinton Park Source: unsplash.com 4. Loblaws 1 6 8 5. Indigo 2 6. Whole Foods 7. West Elm FUTURE LRT LINE 8. HomeSense 2 5 9. LCBO Eglinton St E PARKS & RECREATIONAL 1 1 3 5 4 3 1. Fit Factory Fitness EGLINTON 2. Sherwood Park 2 9 3. Eglinton Park 4. Sunnybrook Park EGLINTON 7 5. Leaside Baseball Camp 6. Mount Pleasant Cemetery 4 INSTITUTIONAL 6 EGLINTON DAVISVILLE Stock T.C Bar Source: stocktc.com 1. Eglinton Junior Public School

Y 2. Northern Secondary School W K 3. Sunnybrook Hospital P Y E L 4. Greenwood College School L A 5. Upper Canada College V

5 N 6. TFS - Canada’s International School O

15MIN DRIVE TO 25MIN TTC RIDE TO

North Toronto Collegiate Institute Source: ntci.on.ca DON VALLEY PKWY UNION STATION OFFERING process

MEMORANDUM This Confidential Information Memorandum (“CIM”) has been prepared by the Advisor and is being delivered to INDEMNIFICATION Recipients of this CIM acknowledge that they are principals or investment advisors in connection with the possible CONTENTS prospective purchasers to assist them in deciding whether they wish to acquire the Property. This CIM does not purport acquisition of the Property. Where a recipient of this CIM is working with another broker, that broker must register to be all-inclusive or to contain all the information that a prospective purchaser may require in deciding whether or not its client with CBRE at the outset. The broker must notify the listing agents at CBRE in writing, at the time the CIM is to purchase the Property. provided, that it is representing that Purchaser and must provide a written acknowledgment of representation from the Purchaser stipulating that the Purchaser will be responsible for their broker’s fees. Failing receipt of such notice This CIM is for information and discussion purposes only and does not constitute an offer to sell or the solicitation and acknowledgment, it shall be deemed that the recipient has not dealt with any broker, other than CBRE, regarding of any offer to buy the Property. The CIM provides information relating to certain physical, locational and financial the acquisition of the Property, and the recipient agrees that they will not look to the Vendor or CBRE, or any of their characteristics of the Property. affiliates for any fees or commissions in connection with the sale of the Property. It is understood and agreed that the Purchaser shall be responsible for any and all fees payable to their broker should the Purchaser choose to engage a The information in this CIM has been obtained from various sources considered reliable. Neither the Vendor nor the broker other than the CBRE Listing Team. Advisor make any representations, declarations or warranties, express or implied, as to the accuracy or completeness of the information or statements contained herein or otherwise and such information or statements should not be relied In exchange for specific good and valuable consideration provided by the Vendor and CBRE, including without upon by prospective purchasers without independent investigation and verification. The Vendor and Advisor expressly limitation, the delivery of this CIM, the receipt and sufficiency of which are hereby acknowledged by the prospective disclaim any and all liability for any errors or omissions in the CIM or any other written or oral communication transmitted Purchasers, prospective Purchasers hereby agree to indemnify the Vendor and CBRE, and their affiliates against any or made available to prospective purchasers. If any information relating to the Property, in addition to the information compensation, liability or expense (including legal fees), arising from claims by any other broker or other party the provided in this CIM, is provided at any time, orally or otherwise, by the Vendor or the Advisor, such information is Purchaser had dealings with (excluding CBRE) in connection with the sale of the Property, or in connection with a provided as a convenience only without representation or warranty as to its accuracy or completeness and such breach by the prospective Purchaser of its obligations as described herein. In no event shall prospective Purchasers information should not be relied upon by prospective purchasers without independent investigation and verification. or any of their agents or contractors contact any governmental authorities concerning the Properties, or make any physical inspection or testing of the Properties, without the prior written consent of the Vendor or CBRE.

CONFIDENTIALITY By accepting this CIM, prospective Purchasers agree to hold and treat this CIM and its contents in the strictest confidence. Prospective Purchasers will not, directly or indirectly, disclose or communicate or permit anyone else to disclose or TRANSACTION Interested parties are invited to submit a proposal on the Vendor’s Agreement of Purchase and Sale. From the communicate this CIM or any of its contents or any part thereof to any person, firm or entity without the prior written REQUIREMENTS submissions, one or more of the proposals may be short listed to proceed to the next stage of the process where it consent of the Vendor and CBRE. Prospective Purchasers will not use or permit this CIM to be used in any manner is the intent of the Vendor to enter into a binding Agreement of Purchase and Sale for the Property. All participants detrimental to the interests of the Vendor, or CBRE or their affiliates or for any other purpose than a proposed purchase in the process do so of their own accord. Neither the Vendor nor CBRE make any representation or warranty, or any of the Property. The recipient of this CIM agrees to provide CBRE with a list of those persons to whom this CIM or any agreement whatsoever, that the Vendor will accept any Agreement of Purchase and Sale, before or after negotiations, information contained herein is provided. The terms and conditions in this Section with respect to confidentiality and which may be extensive, that the Vendor will accept the highest or any price offered or, that the Vendor or CBRE, shall the disclaimer contained under the heading “Memorandum Contents” will relate to all Sections of the CIM as if stated compensate any participant for any costs incurred in its participation in the process. independently therein. Offers will be evaluated on, among other criteria, the consideration offered for the Property, the prospective Purchaser’s The CIM shall not be copied, reproduced or distributed, in whole or in part, to other parties at any time without the prior ability to complete the transaction, and the proposed conditions of closing. written consent of the Vendor and CBRE. It is made available to prospective Purchasers for information purposes only and upon the expressed understanding that such prospective Purchasers will use it only for the purposes set forth herein. OFFERS ARE DUE: MONDAY, MAY 17, 2021 BY 4:00 PM (EST)

Upon request, the recipient will promptly return all material received from the Vendor and CBRE (including the CIM) without retaining any copies thereof. In furnishing the CIM, the Vendor and CBRE undertake no obligations to provide the OFFER All offers to be submitted to: recipient with access to additional information. The division of the CIM into sections, paragraphs, sub paragraphs and SUBMISSIONS the insertion or use of titles and headings are for convenience of reference only and shall not affect the construction or Mike Czestochowski | [email protected] Lauren White | [email protected] interpretation of this CIM. +1 416 494 0600 +1 416 495 6223 20 21 ADVISORY TEAM

Lauren White* Senior Vice President T +1 416 495 6223 [email protected]

Mike Czestochowski** Executive Vice President T +1 416 495 6257 [email protected]

Emelie Rowe* Planner T +1 416 495 6306 [email protected]

Evan Stewart Sales Representative T +1 416 495 6205 [email protected]

www.cbre.ca/mclsg

*Sales Representative **Broker | All outlines are approximate

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 Sources: Canadian Mapping Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 04/2021. Mike Czestochowski** Lauren White* Evan Stewart Emelie Rowe* Executive Vice President Senior Vice President Sales Representative Planner 416 495 6257 416 495 6223 416 495 6205 416 495 6306 [email protected] [email protected] [email protected] [email protected] CONFIDENTIALITY AGREEMENT 214-226 SOUDAN AVE & 19-21 BROWNLOW AVE · TORONTO, ON

The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor on an exclusive basis to arrange the sale of 214-226 Soudan Ave and 19-21 Brownlow Ave, Toronto, ON (the “Property”). All inquiries and communications with respect to the Property shall be directed to any of the listing agents of CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information, which has not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.

In exchange for good and valuable consideration provided by the vendor and CBRE, the receipt and sufficiency of which is hereby acknowledged, we agree to keep confidential any and all information supplied to us concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other than for the evaluation of theroperty P with respect to a potential purchase.

We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors (collectively, “representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us. This shall include outside brokers.

We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned property to the vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this transaction.

We agree to read and examine all material provided by the vendor on the above-mentioned property and will do so prior to submitting an Agreement of Purchase and Sale or Letter of Intent.

We agree to return all documentation provided herewith, and any notes or copies made thereof if we decide not to pursue or complete this opportunity. We also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either before or after cessation of our pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.

We acknowledge that the marketing package and the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for the protection of the vendor and CBRE contained in the marketing package.

We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this Agreement. CBRE and the Vendor also reserve the right not to release information.

We agree to continue to work through the Land Services Group at CBRE Limited for the above-mentioned property including offers within 12 months after the expiration of the Listing Period, so long as we wish to make any offer within said time-frame and we were introduced to the Property during the listing period or shown the Property during the listing period, which we have acknowledged by signing below.

We agree that any and all communication with regards to this property shall be done so through CBRE. We agree and/or our representative will not at any tiee contact the vendor directly.

In the event we are the purchasers of this property, we agree to allow CBRE the right to market the purchase price after closing.

CBRE and the vendor shall not be responsible for the payment of brokerage or other fees to any outside agents or consultants in connection with this offering. CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or CBRE. A digitally submitted or a scan of a signed copy of this Agreement shall be deemed to be an original signed copy. THE SECTION BELOW MUST BE COMPLETED AND SUBMITTED TO [email protected] IN ORDER TO RECEIVE THE DUE DILIGENCE PACKAGE

(I possess the authority to legally bind the Corporation)

† PROPONENT NAME: REPRESENTATIVE:

† COMPANY: COMPANY:

† PRIMARY EMAIL: PRIMARY EMAIL:

PRIMARY PHONE #: PRIMARY PHONE #:

The button above can be ADDITIONAL EMAIL: DATE: clicked to submit the CA electronically using the Adobe Reader application, ADDITIONAL PHONE #: SIGNATURE: once the required fields have been filled.

† OR DATE: Please indicate if you would like a follow up call or meeting: Please print, complete, sign and scan an email copy to † CALL: MEETING: PRIMARY SIGNATURE: [email protected].

†REQUIRED FIELDS. **Broker, *Sales Representative This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (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.