Investment Summary Property Investment Summary Highlights the Property

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Investment Summary Property Investment Summary Highlights the Property Elliot Medoff* Senior Vice President +1 416 238 9768 FOR SALE [email protected] Euan Darling* Urban Retail & Apartment Offering Assistant Vice President +1 416 238 9961 3633-3635 Dundas Street West [email protected] Toronto, ON Michael Betsalel* Executive Vice President Jones Lang LaSalle Real Estate Services Inc. (“JLL” and / or the “Advisor”) is pleased to +1 647 728 0477 offer for sale a 100% freehold interest in 3633-3635 Dundas Street West, Toronto, ON [email protected] (the “Property”). The Property presents an opportunity to acquire a fully-leased corner asset with thirteen (13) recently renovated apartment units and two (2) retail storefronts. Earl Kufner* Executive Vice President Located at the boundary of Toronto’s gentrifying Junction neighbourhoud, the Property +1 647 728 0463 offers a prominent urban location and significant streetfront exposure. [email protected] Fully-leased, the Property provides an investor with significant in-place income, in addition *Sales Representative to future revenue growth as the Dundas West commercial corridor continues to evolve into one of Toronto’s most recognizable urban enclaves. INVESTMENT SUMMARY PROPERTY INVESTMENT SUMMARY HIGHLIGHTS THE PROPERTY The Property is improved with a two-storey, 10,900 SF structure, offering two (2) retail storefronts fronting on Dundas Street West and five (5) one-and-two-bedroom apartment suites fronting on Humbercrest Boulevard. The second floor consists of seven (7) one-and- two-bedroom apartment suites. The Property has an additional below-grade one-bedroom ASKING PRICE apartment unit. $5,600,000 The apartment suites have been recently renovated and offer high-end interior finishings, new windows and a variety of modern amenities including high efficiency gas heating, air- conditioning units, and new ensuite washers & dryers. The Property’s desirable mix of commercial and residential space offers prospective purchasers the income stability provided by thirteen (13) stabilized apartment units, in addition to near-term GROSS BUILDING AREA upside provided by short-term retail tenants in a gentrifying node. 10,900 sf THE TENANTS The Property is fully occupied with thirteen (13) residential and two (2) commercial tenants. The corner commercial unit is occupied by Baby Point Dry Cleaners, a local drop-off off-site dry cleaner, Who are on a five (5)-year lease expiring in Feb-2020. Baby point Dry Cleaners are urrently paying LAND AREA $1,800 per month, stepping to $1,850 per month in Feb-2019. The mid-block commercial unit is 7,728 sf (0.18 acres) a ‘live-work’ office space occupied by 348studio, an independent jeweller. 348studio is currently occupying the space on a month-to-month basis at a rental rate of $2,300. Monthly rental rates for the ten (10) one-bedroom suites average at $1,344, while the three (3) two-bedroom suites average at $1,664. The Property’s income is supplemented by rooftop signage, providing an additional $8,220 in annual revenue. The resulting Year One Net Operating Income for the Property is approximately $239,440 per annum, with near-term upside due to the rollover of existing leases and the re- LOT DIMENSIONS leasing of units at prevailing market rates. 56 x 138 ft PARKING 7 surface stalls NET OPERATING INCOME $239,440 per annum THE LOCATION THE MARKET 3633-3635 Dundas Street West is located at the corner of Dundas The Property is located in an up-and-coming multi- Street West & Humbercrest Boulevard, three (3) blocks west of Jane residential and commercial node bordering the Street. The Property straddles the boundaries of affluent Lambton Junction and the Humber River. There are currently and the vibrant commercial node of Toronto’s Junction Triangle. a handful of active projects in the immediate area, most notably Shoppes on Scarlett by Dunpar Homes, Lambton is an affluent residential neighbourhood Predominately a two-storey commercial development at 2650 St. centered around detached single-family dwellings that on average Clair Ave. W., The Stockton by Block Developments, cost $1,300,000. Residents of the area enjoy excellent access to a wide a four-storey residential condominium expected to variety of parklands and extensive trail systems along the Humber be completed in 2021 at 406 Keele St., and Duke by River, as well as the Lambton Arena and Lambton Golf & Country Club. TAS DesignBuild, a recently completed seven-storey rental apartment building at 530 Indian Grove. Over the past decade the Junction has undergone some of the most rapid gentrification and inbound investment in Toronto, with There are an additional 10 proposed projects numerous large-scale private and institutional real estate investors between Royal York Road and Keele Street, a strong now targeting the local area. What was once the City’s meat packing indicator of the on-going interest in the immediate district is now home to a wide variety of bars, clubs, restaurants and area. These proposed projects include a 12-storey, cafes, and the area has fast become known for its appeal to Toronto’s 293-unit development by TAS DesignBuild at 3775- artistic community. Additionally, surplus former industrial lands are 4005 Dundas Street West and an eight (8) storey rapidly being converted into big-box retailers such as Walmart, Metro mixed-use development with 131 residential units at and Canadian Tire, while mixed-use sites are being developed into a 3385 Dundas Street West by Terra Firma Homes. wide range of multi-residential condominiums and rental apartment developments. The Property enjoys excellent access to public transit including The TTC’s Bloor-Danforth Subway Line. The closest station is approximately 2 Km away and directly accessible via the local Lambton 30, Warren Park 55 and Jane 35 bus routes. Moreover, the Property’s location provides quick connectivity to Pearson Airport through the Bloor- Danforth Subway Line. DUNDAS ST. W. HUMBERCREST BLVD. BROOKSIDE AVE. 3633-35 DUNDAS ST. W. AREA AMENITIES ST. CLAIR AVE. W. DUNDAS WEST STATION DUNDAS ST. W. KEELE ST. 530 INDIAN GROVE 15 min. bus to KEELE STATION Dundas West BLOOR ST. W. Station 406 KEELE ST. HIGH PARK STATION RUNNYMEDE RUNNYMEDE RD. ANNETTE ST. 11 min. bus to Jane Station 3385 DUNDAS ST. W. WARREN PARK JANE ST. DUNDAS ST. W. 2650 ST. CLAIR AVE. W. LAMBTON 25 min. bus to N Kipling GO & TTC Station 3775-4005 DUNDAS ST. W. SCARLETT RD. INTERIOR PHOTOS KEELE ST. FOR MORE INFORMATION PLEASE CONTACT: Elliot Medoff* Euan Darling* Michael Betsalel* Earl Kufner* Senior Vice President Assistant Vice President Executive Vice President Executive Vice President +1 416 238 9768 +1 416 238 9961 +1 647 728 0477 +1 647 728 0463 [email protected] [email protected] [email protected] [email protected] *Salesperson OFFERING PROCESS Jones Lang LaSalle Real Estate Services Inc. (the “Advisor”) has been exclusively retained by Humbercrest Holding Company Inc. (the “Vendor”) to seek proposals to acquire the Property. The Property is offered for sale at$5,600,000 on an as-is, where-is basis, free and clear of debt. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. All inquiries regarding the Property should be directed to: JONES LANG LASALLE REAL ESTATE SERVICES INC. Bay Adelaide Centre, 22 Adelaide Street West, Suite 2600, Toronto, ON M5H 4E3 +1 416 304 6000 | www.jll.ca.
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