Investment Opportunity 2000 Muskoka Rd N, Gravenhurst, Ontario, Canada

UNIQUE INVESTMENT OPPORTUNITY 2000 MUSKOKA RD N, GRAVENHURST, ONTARIO, CANADA

±75 ACRE LAND PARCEL WITH FRONTAGE OF APPROXIMATELY 6,420 FEET ON LAKE MUSKOKA

GRAVENHURST

GRAVENHURST HARBOURFRONT

Muskoka Bay

Cliff Bay

All outlines are approximate. GRAVENHURST UNIQUE INVESTMENT OPPORTUNITY 2000 MUSKOKA RD N, GRAVENHURST, ONTARIO, CANADA HENRY ISLAND

THE OFFERING The Land Services Group on behalf of Infrastructure Ontario (“IO”) is pleased to offer for sale 2000 Muskoka Road North (the “Site” or “Property”) that is an unprecedented 75.24 acre property on a private peninsula fronting on Lake Muskoka in historic Gravenhurst. The Property is in the heart of Cottage Country and provides great access to Muskoka’s pristine natural beauty. Located in Cliff Bay on Lake Muskoka, DAISY ISLAND the Site boasts over 6,420 feet of waterfront while only being situated 3 kilometres north of downtown Gravenhurst. The proximity to Gravenhurst, which operates a major hub and gateway to the District, allows regional M U amenities to be accessible by a short car or boat trip from the Property. S K Gravenhurst has strong connections to other parts of the District, GTA and O Muskoka Bay K A province through its proximity to the Muskoka Regional Airport at 11km, RD Highway 11 at 6km, and Toronto at 170km. N The Site currently contains 21 vacant buildings (all of which are in a state of disrepair and require demolition) that were originally operated as the Muskoka Cottage Sanitorium, (a tuberculosis treatment centre) from 1897 to 1960, and the “Orillia Ontario Hospital School for the Developmentally Challenged” and Muskoka Regional Centre from the mid-1960s to 1993. All buildings have been vacant since the Centre closed in 1993. It is believed that the Site was undeveloped prior to 1897, at which time the Site was developed for institutional purposes. Cliff Bay In acquiring the lands a scenario(s) may be encountered where a potential development concept is not entirely consistent with this policy set and/or regulatory framework. As eluded to in the Town’s Official Plan, alternative forms of development could be considered that are/were not specifically envisioned. The Town and District continue to see year-round employment and economic development as necessary outcomes in the development of the site and will not consider residential as a primary use of the land. Concepts that meet the employment/economic development priorities, but require adjustment to planning documents, will be looked at even more Brydon’sWEST DON Bay PARK Trail LAN favourably if those opportunities provide public access space (especially to waterfront), provide some affordable housing, protect sensitive environmental features, and respect waterfront setback requirements. This Offering represents a once in a lifetime opportunity to acquire over 75 acres of land on a private peninsula with over 6,420 feet of shoreline frontage on Lake Muskoka.

PROPERTY INFORMATION DEVELOPMENT ENVIRONMENT (INCENTIVES) 2000 Muskoka Road North Address In addition to relatively low development fees and a business friendly environment, the Town and District have a number of programs designed to accommodate and Gravenhurst, ON, Canada integrate new economic development initiatives in the community. The programs include, but aren’t limited to: Size 75.24 acres BUSINESS AND INVESTMENT CONCIERGE PROGRAM: Built to provide STREAMLINED PLANNING AND BUILDING PROCESS: While services in Official Plan Institutional Area developers and new business owners direct access to municipal staff and provide this area are already quick relative to larger municipalities, the Town and District a concierge to navigate community opportunities and resources. This includes are prepared to invest in expedited approval processes for developments that Zoning Institutional (I), Open Space (OS), assistance in accessing many of the provincial and federal incentives that may meet the Councils’ desired outcomes. By-Law Environmental Protection (EP) be available to businesses. There are 21 vacant buildings WORKFORCE DEVELOPMENT PROGRAMS: A number of free programs are Existing located on the Property. All buildings DEVELOPMENT CHARGES: The Town of Gravenhurst currently does not charge available to businesses looking at hiring and attracting talent to their locations in Conditions on-site are vacant. Development Charges for industrial and commercial development, and the Gravenhurst including settlement services. District of Muskoka has significantly reduced charges (50% from recommended Municipal services available at the lot Servicing rates for Commercial Accommodation and residential development, and other line with capacity. non-residential development charges are discounted (based on square footage) Further, it is important to note that the District has already invested heavily in by 92% from the recommended rate. water and waste-water services that are currently available to the Site. All outlines are approximate.

11 PROPERTY HIGHLIGHTS

DRIVE TO 13 MIN MUSKOKA AIRPORT

DRIVE TO TORONTO PEARSON 90 MIN INTERNATIONAL AIRPORT LEGACY PROPERTY IN MUSKOKA LESS DRIVE TO THAN 90 MIN DOWNTOWN TORONTO Rare opportunity for a potential master planned 12 development with approximately 23 acres to be left for the development of public spaces.

NEARBY AMENITIES

RETAIL LARGE LOT WITH WATERFRONT 1 Gravenhurst Home Hardware Over 6,420 feet of shoreline along Lake 2 LCBO Muskoka, providing for exceptional views from all points of the Property, as well as a nice 3 Sobeys beach area for swimming and sunbathing. 4 Shoppers Drug Mart

5 Sawdust City Brewing Company

RECREATIONAL

6 Taboo Muskoka Resort & Golf HEART OF ONTARIO’S MUSKOKA AIRPORT 7 Muskoka Bay Resort COTTAGE COUNTRY 6 20 MIN FLIGHT TO THE TORONTO 8 Ungerman Gateway Park ISLAND BILLY BISHOP AIRPORT Muskoka is one of the most iconic cottage 9 Brydon's Bay Trail destinations in Canada – known worldwide 9 for its pristine shores, rocky terrain and 10 Muskoka Steamships and Discovery Centre exceptional views. 11 Bracebridge Golf Club SUBJECT PROPERTY

12 The Fairways at Kirrie Glen Golf Club 13 ABOUT MUSKOKA & GRAVENHURST INSTITUTIONAL 8 1 The Site is exceptionally well located on the pristine shores of Lake Muskoka within the 13 Gravenhurst Beechgrove Public School 10 5 Town of Gravenhurst, and is accessible by car, bus, water and air. The Town is located in 14 15 the south end of the District Municipality of Muskoka and is the third largest town in the 14 Gravenhurst High School 7 4 District. Muskoka is one of Canada’s most iconic cottage country destinations for not only 15 Service Ontario local Ontario residents, but people from all over the world. Situated on the Canadian Shield with over 1,600 lakes, Muskoka is world renowned for cottages and summer 2 homes, making this offering a once in a lifetime real estate opportunity. 3

During the summer, Muskoka’s population swells with visitors, but the District boasts 65,449 permanent residents throughout the year. Aside from being one of the most iconic cottage designations in Canada, it is also a premier destination for golf and seasonal and recreational activities. The population of Gravenhurst is estimated to be 13,599, making it a lively town throughout the year with various local amenities and services for the surrounding residents of the area (SiteWise, 2020). The Muskoka District is attracting more year-round residents as businesses expand and people retire.

Taboo Muskoka Resort & Golf Muskoka Steamships and Discovery Centre Muskoka Bay Resort

© 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information 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 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. Layout ID: L18 MapId: 7716920 All offers are requested to be submitted to the attention of: Lauren White | [email protected]

THE SALE PROCESS: • Official Site disposition launch Monday, December 7, 2020 • Interested purchasers must complete a confidentiality agreement in order to access the electronic Document Center. Completed CA must be returned to: [email protected] • The Document Center contains all relevant and available Site information

All offers must be directed to: Lauren White | [email protected] Mike Czestochowski | [email protected]

OFFERS ARE DUE WEDNESDAY, FEBRUARY 24TH, 2021 BY 4PM (EST) PLEASE NOTE THAT LATE OFFER SUBMISSIONS WILL NOT BE ACCEPTED

Muskoka Bay

Cliff Bay

FOR MORE INFORMATION, PLEASE CONTACT ADVISORS BELOW:

Mike Czestochowski** Lauren White* Ed Seagram** Executive Vice President | Land Services Group Senior Vice President | Land Services Group Vice President | Office Leasing T +1 416 495 6257 T +1 416 495 6223 T +1 416 815 2377 [email protected] [email protected] [email protected]

*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 www.cbre.ca/mclsg 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 12/2020. Mike Czestochowski** Lauren White* Ed Seagram** Executive Vice President Senior Vice President Vice President 416 495 6257 416 495 6223 416 815 2377 [email protected] [email protected] [email protected]

CONFIDENTIALITY AGREEMENT

2000 MUSKOKA ROAD NORTH, GRAVENHURST, ON TO: Her Majesty the Queen in right of Ontario as represented by the Minister of Government and Consumer Services (the “Vendor”) AND TO: Ontario Infrastructure and Lands Corporation, the authorized agent for the Vendor (“OILC”) AND TO: CBRE Limited (“CBRE”)

Recitals

A. OILC is the authorized agent of the owner, being Her Majesty the Queen in Right of Ontario, as represented by the Minister of Government and Consumer Services (the “Owner”), of certain property as described in Schedule “A” (the “Property”);

B. In connection with the potential sale of the Property, OILC, its representatives and/or the Broker will provide to prospective purchasers certain information and documentation of a confidential nature (the “Confidential Information” as hereinafter defined); and

C. For the purpose of evaluating the Property, the undersigned has requested OILC and/or the Broker, or any of their advisors or representatives, to provide Confidential Information relating to the Property, and the undersigned, being a prospective purchaser of the Property (the “Recipient” as hereinafter defined) and the Co-Operating Brokerage (as hereinafter defined), have agreed to enter into this Agreement to keep the Confidential Information confidential and to avoid disclosure, publication or dissemination of the Confidential Information.

1. Definitions

“Agreement” means this Acknowledgement and Non-disclosure Agreement;

“Confidential Information” means without limitation:

a) any information disclosed by OILC to the Recipient in connection with the potential sale of the Property, including without limitation any environmental reports, archaeological reports, data, analyses, studies, or other documents, information or materials pertaining to the Property or any part thereof, the current or future development or use of the Property, or any aspect thereof furnished to the Recipient or to its Representatives by OILC, its directors, officers, appointees, employees, service providers, agents or any of its advisors or made available to the Recipient through an electronic data room, whether furnished before or after the date of this Agreement, and whether such information is provided orally, electronically, in writing or in any other form or otherwise recorded or gathered by inspection, whether originals, photocopies or telecopies of any documentation; and regardless of whether specifically identified as “confidential”; and

b) all information obtained by the Recipient in the course of its due diligence investigations.

Confidential Information does not include information that is now, or subsequently becomes, general available or known tothepublic through no fault of the Recipient or breach of this Agreement on the part of the Recipient.

“Co-Operating Brokerage” means any real estate agents and/or brokers retained or engaged by the Recipient in connection with the Property and who by their execution hereof are parties to and bound by the terms and conditions set forth in this Agreement.

“Open Data” means data that is required to be released to the public pursuant to the Open Data Directive;

“Open Data Directive” means the Management Board of Cabinet’s Open Data Directive, updated on April 29, 2016, as amended or replaced from time to time;

“Person” includes, without limitation, any corporation, company, partnership or individual or any combination thereof.

“Property” means the lands legally described in Schedule “A”, attached hereto this Agreement, and all buildings located thereon.

“Recipient” means the prospective purchaser of the Property who by its execution hereof are parties to and bound by the terms and conditions set forth in this Agreement.

“Representatives” includes directors, officers, appointees, employees and agents of the undersigned and includes, without limitation, the Co- Operating brokerage, advisors, solicitors, accountants and consultants.

Continued on next page. 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. PAGE 1 OF 4 Mike Czestochowski** Lauren White* Ed Seagram** Executive Vice President Senior Vice President Vice President 416 495 6257 416 495 6223 416 815 2377 [email protected] [email protected] [email protected]

CONFIDENTIALITY AGREEMENT

2000 MUSKOKA ROAD NORTH, GRAVENHURST, ON

TO: Her Majesty the Queen in right of Ontario as represented by the Minister of Government and Consumer Services (the “Vendor”) AND TO: Ontario Infrastructure and Lands Corporation, the authorized agent for the Vendor (“OILC”) AND TO: CBRE Limited (“CBRE”)

2. Confidentiality Obligations In consideration of OILC, its representatives and/or the Broker agreeing to provide the Recipient with the Confidential Information, the Recipient agrees that the Confidential Information relating to the Property shall be kept confidential by the Recipient and its Representatives and shall not be: (a) used by the Recipient or any of its Representatives in any way that is or would be detrimental to the Property, OILC and/or its representatives, or the Owner to which the Confidential Information pertains, now or in the future; (b) disclosed by the Recipient or any of its Representatives in any manner whatsoever in whole or in part to any third party, without the prior written consent of OILC, which consent may be arbitrarily withheld; and (c) used by the Recipient or any of its Representatives, directly or indirectly for any purpose other than for evaluating the purchase of the Property.

3. Non-disclosure and Non-use of Confidential Information (a) The Recipient agrees that it shall: (i) not disclose, publish, or disseminate the Confidential Information to anyone other than to its Representatives, but only to the extent that its Representatives need to know for the purpose of evaluating the purchase of the Property; (ii) advise its Representatives of the confidential nature of the Confidential Information; (iii) have its Representatives agree in writing to abide by the terms of this Agreement and ensure that its Representatives treat such information confidentially; and (iv) take reasonable precautions to prevent any unauthorized use, disclosure, publication, or dissemination of Confidential Information. (b) The Recipient agrees not to use the Confidential Information otherwise for its own or any third party’s benefit without the prior written approval of OILC in each instance, which consent may be arbitrarily withheld.

4. Ownership of Confidential Information All Confidential Information, and any derivatives thereof whether created by OILC, its representatives, the Broker, the Recipient orthe Representatives, remains the exclusive property of OILC and no licence or other rights to the Confidential Information are granted or implied hereby. 5. No Warranty All Confidential Information is provided “As Is” and without any representation or warranty whatsoever, whether express or implied, as to its reliability, accuracy or completeness. The Recipient accepts the Confidential Information on an “As Is” basis and further agrees that neither OILC, its representatives, the Broker, nor any other author of or person providing the Confidential Information shall have any liability whatsoever to the Recipient or its Representatives arising from the use of or any way relating to the Confidential Information. The Recipient hereby releases and forever discharges OILC, its representatives and the Broker of and from any and all claims, demands, damages, liabilities, suits, actions and causes of action whatsoever which Recipient shall have suffered or incurred or may suffer or incur as a result of the use of the Confidential Information by the Recipient or its Representatives. 6. Confidentiality of Negotiations Without the prior written consent of OILC, which consent may be arbitrarily withheld, the Recipient shall not disclose, and shall direct its Representatives not to disclose, to any other person the fact that the Confidential Information has been made available to the Recipient, that discussions or negotiations are taking place amongst OILC, its representatives and/or the Broker, and the Recipient and its Representatives concerning the sale and purchase of the Property and any of the terms, conditions or other facts with respect to any such possible transaction, including the status thereof.

Continued on next page.

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.

PAGE 2 OF 4 Mike Czestochowski** Lauren White* Ed Seagram** Executive Vice President Senior Vice President Vice President 416 495 6257 416 495 6223 416 815 2377 [email protected] [email protected] [email protected]

CONFIDENTIALITY AGREEMENT

2000 MUSKOKA ROAD NORTH, GRAVENHURST, ON

7. Return of Documents At any time, within ten (10) business days of receipt of a written request from OILC, its representatives and/or the Broker, the Recipient shall return to OILC, its representative or the Broker (as directed by OILC), all documents furnished by OILC, its representatives and/or the Broker to the Recipient or any of its Representatives containing the Confidential Information without retaining any copies thereof or any notes relating thereto. Any oral, visual, electronic or other information incapable of return as required by this Agreement will be destroyed and/or deleted, as the case may be; failing which it will continue to be subject to the confidentiality restrictions of this Agreement. The Recipient will certify, in a form satisfactory to OILC, the return of all Confidential Information and related notes. 8. Specific Performance It is understood that a breach of any of the covenants or provisions contained herein may cause OILC and/or the Owner to suffer irreparable harm or loss which cannot be adequately compensated for by damages and OILC may, in addition to any other remedies for relief, enforce performance of this Agreement by injunction or specific performance without proof of actual damage to OILC and/or the Owner and, notwithstanding that damages may be readily quantifiable. The Recipient agrees not to plead sufficiency of damages as a defence in the proceeding for such injunctive relief brought by OILC and/or the Owner. 9. Indemnity The Recipient shall be fully liable for any breach of the covenants and provisions contained herein, and agrees to indemnify and save harmless OILC and its representatives (if applicable) from and against any and all claims, demands, costs, damages, expenses and liabilities whatsoever that OILC may suffer, directly or indirectly, arising from the Recipient’s disclosure, publication or dissemination of the Confidential Information or any other breach of this Agreement, including legal fees incurred by OILC in enforcing the Recipient’s obligations under this Agreement. 10. FIPPA, MFIPPA and Open Data Directive Notwithstanding the above, the Recipient acknowledges and agrees that this Agreement and any Confidential Information may be required to be released pursuant to the provisions of the Freedom of Information and Protection of Privacy Act (Ontario) and the Municipal Freedom of Information and Protection of Privacy Act (Ontario), and Open Data may be released pursuant to the Open Data Directive, as each may be amended or replaced from time to time. This Agreement shall not be construed as a waiver of any right to object to the release of any of the Confidential Information. 11. Enurement The covenants and provisions of this Agreement shall enure to the benefit of OILC, and their respec-tive successors and assigns, and shall be binding upon the Recipient and its heirs, executors, adminis-trators, successors and assigns.

12. Electronic Execution The undersigned agrees that the delivery of a copy of this Agreement by facsimile, e-mail or other electronic means shall be legal and binding and shall have the same full force and effect as if an origi-nal executed copy of this Agreement had been delivered.

[BALANCE OF PAGE LEFT INTENTIONALLY BLANK – SIGNING PAGE FOLLOWS]

Continued on next page.

PAGE 3 OF 4 Mike Czestochowski** Lauren White* Ed Seagram** Executive Vice President Senior Vice President Vice President 416 495 6257 416 495 6223 416 815 2377 [email protected] [email protected] [email protected]

CONFIDENTIALITY AGREEMENT

2000 MUSKOKA ROAD NORTH, GRAVENHURST, ON

SCHEDULE “A” LEGAL DESCRIPTION

Part of Lots 22 and 23, Concession 6 Muskoka; Part of Lots 22 and 23, Concession 7 Muskoka; Part of Road Allowance in front of Lot 23, Concession 6 Muskoka; Part of Road Allowance in front of Lot 22, Concession 7 Muskoka; Part of Road Allowance in front of Lot 23, Concession 7 Muskoka; Part of Road Allowance between Concessions 6 and 7 in front of Lots 22 and 23 Muskoka (closed by DM20557) as in DM28506; Part Bed of Cliff Bay of Muskoka Lake Muskoka in front of Lot 23, Concession 7 Muskoka as in DM54031; Gravenhurst; The District Municipality of Muskoka; being the whole of PIN 48178-0719 (LT)

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.

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