BAYVIEW AVE

FOR SALE EAST SHEPPARD AVE E 500 ,

APPROVED HIGH-DENSITY, TRANSIT-ORIENTED REDEVELOPMENT OPPORTUNITY 30 STOREY TOWER KEY HIGHLIGHTS ARTIST’S RENDERING

APPROVED HIGH-DENSITY TRANSIT-ORIENTED REDEVELOPMENT SITE The Vendor has successfully taken the Property through the municipal planning process and has received OMB approval to construct a 25 storey, mixed-use development on the Site. Current approvals include up to 295,000 square feet of mixed-use gross floor area (“GFA”) in conjunction with the provision of section 37 benefits. The Vendor has recently engaged Bousfields Inc. to review the previous approval and provide feedback on the potential to increase density. These investigations suggest that there is a rationale for an increased GFA within the approved building envelope as well as through an increased tower height of 30 storeys based on current policy and area precedent.

BAYVIEW AVENUE OMB APPROVED CONCEPT TOWER HEIGHT TOTAL GFA

25 storeys 294,995 sf

ADDITIONAL DENSITY POTENTIAL

TOWER HEIGHT ADDITIONAL GFA

25 storeys - Approved Envelope 16,157 sf

30 storeys - Increased Tower Height 40,903 sf

Total Potential GFA (Approved + Additional) 352,055 sf

SUPERIOR, TRANSIT-ORIENTED LOCATION The Property is located at the northwest corner of and Sheppard Avenue East. Located along TTC Subway Line 4, access to Bayview Station is at the property line. The general area also has access to exceptional retail amenities within walking distance, including Mall directly across the street, anchored by Loblaws, Pusateri’s and the LCBO. The Bayview Village neighbourhood is a highly desirable and affluent location and the subject Property is arguably the best remaining redevelopment site along the Sheppard Avenue East corridor. SHEPPARD AVENUE EAST SIGNIFICANT HOLDING INCOME SITE DETAILS - 500 SHEPPARD AVENUE EAST, TORONTO The Property is currently improved with a 36,404 square foot office building, 79.5% occupied at market rates. Current annual net operating income is estimated at $619,900 per annum. In-place leases are structured in a GROSS SITE AREA 1.42 acres manor to facilitate redevelopment, with the vast majority containing sale demolition clauses. NET SITE AREA 1.28 acres (per OMB Decision) STRONG MARKET FUNDAMENTALS EXISTING IMPROVEMENTS 36,404 square feet The Bayview Village and Fairview submarkets have a total of 3,588 units in the presales and construction 234.88 feet along Sheppard Avenue East FRONTAGES phases of development. Of these, 88% have already been absorbed, leaving a minimal remaining supply of 89.11 feet on Bayview Avenue available units. With respect to sales performance, the Bayview Village submarket has seen considerable PIN 100660429 price appreciation. The most recent launch within the Bayview Village submarket occurred in July 2020 - impressively, this development is already 80% sold at average pricing of $1,294 per square foot. Remaining LAND USE unsold units in the Bayview Village and Fairview markets are being marketed based on average pricing of ZONING RM6(234) $1,071 per square foot, demonstrating the strength of the Sheppard corridor for residential development. OFFICIAL PLAN Mixed Use Areas OCCUPANCY OCCUPANCY 79.5%

2 500 SHEPPARD AVENUE EAST, TORONTO LESLIE STREET BAYVIEW AVENUE

FINCH AVENUE EAST Alasoma Park

YONGE STREET Villaways Park Dallington Park

SUBJECT SITE

Havenbrook Park

Betty ORIOLE Shutterland SHEPPARD AVENUE EASTHWY Trail Park 401

Line 1 - Yonge Subway GO Train Line Line 4 - Yonge/Sheppard Subway TTC Subway stops GO Train station

OFFERING GUIDELINES

Cushman & Wakefield ULC has been retained as exclusive advisor (“Advisor”) to seek proposals for the disposition of 500 Sheppard Avenue East, Ontario. The Property is offered for sale on an unpriced basis. Interested purchasers will be required to execute and submit the Vendor’s form of Confidentiality Agreement (“CA”) prior to receiving detailed information on the Offering which may be accessed by an online data room. Submission of offers should be received on the Vendor’s form and will be on a specific date that will be communicated by the Advisor at least seven (7) days in advance.

Lead Advisors:

DAN ROGERS** JEFF LEVER* Cushman & Wakefield ULC, Brokerage Senior Vice President Vice President 161 , Suite 1500 Land & Investment Sales Land & Investment Sales P.O. Box 602 | Toronto, ON M5J 2S1 Tel: 416 862 0611 416 359 2352 416 359 2492 [email protected] [email protected] Fax: 416 359 2613 cushmanwakefield.com

©2020 Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. **Broker *Sales Representative