Development Opportunity with Holding Income

FOR SALE 3597-3605 Lake Shore Blvd. West

LAKE SHORE BLVD. WEST

Partnership. Performance.

Development Opportunity For more information, please contact: with Holding Income David Lieberman†, MBA Principal 416.673.4013 Development opportunity on approximately [email protected]

14,000 sf of land Jonathan Hittner* Vice President Approval in place for six storeys under 416.436.4417 current zoning [email protected]

† *Broker Sales Representative Two-storey, mixed-use, fully renovated Neil Musselwhite† building provides outstanding cash flow Senior Associate 289.795.4430 Close to the Gardiner Expressway and access [email protected] to GO and TTC public transit

Well located in up-and-coming Long Branch avisonyoung.com neighbourhood avisonyoung.com/capitalmarkets.com *Broker † Sales Representative FOR SALE

3597 - 3605 Lake Shore Boulevard West | Toronto, ON.

Introduction & Opportunity Avison Young has been mandated to advise and manage the sale of The site benefits from beautiful waterfront 3597, 3599 & 3603-3605 Lake Shore Boulevard West (the “Property” or parks and the Martin Goodman Trail, various the “Site”). This is a unique opportunity to purchase a development schools and public libraries, pictureresque site with income in place in Toronto’s up and coming Long Branch golf courses, and a lively shopping district neighbourhood. The property is currently comprised of three in the surrounding area. low-rise mixed-use & residential buildings with a combined total of 93 ft of frontage on Lake Shore Boulevard West, a depth of 145 ft, The site is located on the south side of Lake Shore Boulevard and total site area of 13,985 sf. West between Long Branch Avenue and Thirty Fifth Street in the City of Toronto. It is situated in the Long Branch Key Features neighbouhood along the Toronto waterfront, south-west Long Branch Location | Former City of Etobicoke of the Downtown Core. The area is considered to be in transition with many new residential developments being Lake Shore Boulevard West & Brown’s Line intersection built along Lake Shore Boulevard, adjacent to other up Rectangular shaped site totalling 13,985 sf (0.32 acres) and coming lakeside neighbourhoods, namely Mimico and New Toronto. Steps from TTC Streetcar Service to TTC Long Branch Loop

Medium density development precedent in immediate area and approved for six storeys under current by-law 15 Minutes 15 Minutes 12 Minutes 4 Minutes Proximity to GO Transit and Highway access to Downtown to Downtown to Pearson to Dixie GO to Highway Toronto and Pearson International Airport Toronto Airport Station 427

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Subject Property

Avison Young Multi-Residential Group Three Mixed Use Buildings in Long Branch Location

About The Buildings

1. 3597 Lake Shore Blvd. West Single storey residential building Lease Details: Currently vacant

2. 3599 Lake Shore Blvd. West Mixed-use property with vacant commercial on ground floor and vacant two-bedroom apartment on the second floor. Lease Details: Currently vacant

3. 3603-3605 Lake Shore Blvd. West 2-storey commercial building with partial basement. Ground floor approx. 5,500 sf and second floor approx. 1,872 sf. Lease Details: Currently tenanted

Term*: Expires January 31, 2020 Net Rent: $10,400 per month (tenant pays all utilities) Total: $124,800

*Lease can be terminated by January 1, 2019 at landlord discretion. LAKE SHORE BLVD. WEST

Property Summary Development Concepts Municipal Address: 3597-3605 Lake Shore Blvd. West Concept #1: Reflects Current Zoning Allowances Total Site Size* 0.32 acres (13,985 ft.) Frontage: 93 ft. Depth: 145 ft. ROW: 500 ft to West of rectangular position of site Taxes: $36,094 (2017) 6-storey mixed use building Ward: #6 Etobicoke-Lakeshore 57 Units | 49,378 sf with ground floor retail and residential upper units Current Zoning: Former City of Etobicoke (Long Branch By-Law No. 23/64) Concept #2: Requires Rezoning Application Financing: Treat as clear

Asking Price: $4,499,000

Official Plan & Zoning The site is subject to an “Avenue Study” and a “Commercial- Avenue” (CI-AV) zoning designation which allows for a broad range of commercial, residential and institutional uses, including 8-storey mixed use building single and mixed-use buildings, as well as parks, open spaces, 71 Units | 63,721 sf with ground floor retail and residential upper units and utilities. For the zoning designation of this site, refer to City of Toronto By-Law No. 1055-2004. FOR SALE Development Opportunity with Holding Income

LAKE SHORE BLVD. WEST 3597-3605 LAKE SHORE BLVD. WEST

For more information, please contact: AVISON YOUNG MULTI-RESIDENTIAL GROUP

David Lieberman†, MBA Jonathan Hittner* Neil Musselwhite† Principal Vice President Senior Associate 416.673.4013 416.436.4417 289.795.4430 [email protected] [email protected] [email protected]

*Broker † Sales Representative avisonyoung.com

Avison Young Commercial Real Estate (Ontario) Inc., Brokerage 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724

The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

* All figures are approximate.