PRICE REDUCED

456 MAIN STREET , MB

THE OFFERING The Offering- Capital Commercial Real Estate Services Inc. is pleased to present a rare opportunity to acquire a beautiful historic office building in . This building has been held to an extremely high standard, with historically low vacancy rates and an excellent opportunity for future growth in rental rates. INVESTMENT HIGHLIGHTS

» High-quality downtown location » Rare opportunity to own a historic office building in Winnipeg’s Exchange District » Stable rent roll and vacancy history » Attractive income growth profile » Free and clear of existing financing » Rich history, originally the Bank of Toronto Building

PROPERTY DETAILS

PROPERTY TYPE Multi-Tenant Office/Retail BUILDING AREA 18,600 sq. ft. (+/-) RENTABLE AREA 16,811sq. ft. (+/-) LAND AREA 7,344 sq. ft. (+/-) OCCUPANCY 91% STOREYS 4 YEAR BUILT 1905 PARKING 4 stalls (+/-) ASKING PRICE $2,200,000 $2,100,000 PROPERTY TAX $29,182.45 PROJECTED NOI $145,431 (stabilized) Bell MTS Centre Old Market Manitoba Square Legislature RBC Winnipeg Richardson Museum Building Shaw Convention Centennial Winnipeg Park Centre 360 Main 201 Portage Concert Hall City Hall

456 Main Street

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1 5 A 191 35 9 2 NOTE: Information displayed hereon has been 81 compiled or computed from a variety of sources and should be used as a general guide only. CITY OF WINNIPEG Scale: 1:1000 No warranty is expressed or implied PLANNING, PROPERTY AND DEVELOPMENT DEPARTMENT 10 0 10 20 30 40 50 regarding the accuracy of such information. Meters 2018 Aerial Photography LAND INFORMATION SYSTEMS ELLEN

DRIVE DISTANCE DAGMAR ELGIN

DRIVE TIME UNITED WAY CHINESE CULTURAL CENTRE RUPERT JAMES RED RIVER DISRAELI FREEWAY CAMPUS UKRANIAN CULTURAL CENTRE BANNATYNE PUBLIC WILLIAM SAFETY WINNIPEG BUILDING CITY HALL MARTHA MCDERMOT COUNCIL THE MANITOBA BUILDING MAIN MUSEUM CENTENNIAL PLANETARIUM CONCERT HALL

PARKADE MARKETOLD MARKET NOTRE DAME PANTAGES 750 m HARGRAVE SQUART PLAYHOUSE SITE LILYWAREHOUSEMTC 3 min. CENTRAL PARK CUMBERLAND ADELAIDE JAMES PORTAGE & MAIN QU’APPELLE ARTSPACE

EDMONTON PRINCESS EXCHANGE DISTRICT THE JOHNHIRSCH KENNEDY THEATRE KING BERTHA

ARTHUR BURTON N.R.C.C. CUMMINGS THEATRE ALBERT ELLICE EXCHANGEGRAIN DUCKWORTH RICHARDSON CENTRERORIEBUILDING CENTRE WEBB 201 AIR PORTAGE LOMBARD VAUGHAN CANADA CIBC 9.3 km BLDG. PORTAGE & MAIN

THE PROMENADE AIR FORT

COLONY FAIRMONT BALMORAL

CANADA GARRY

MAIN HOTEL

SMITH 23 min. SPENCE PARK PORTAGE PLACE EXCHANGE JAMES ARMSTRONG HARGRAVE WINNIPEG DOCK RICHARDSON CARLTON BELL SQUARE PORTAGE EDMONTON MANITOBA WATERFRONT DR INTERNATIONAL UNIVERSITY OF WINNIPEG KENNEDY HYDRO MTS PLACE PIONEER WESTBROOK

AIRPORT THE VAUGHAN PLACE

PLUG TO ST. JAMESGOOD BAY MILL IN WILLIAM STEPHENSON WAY

MEMORIAL

COLONY GRAHAM MALL (TRANSIT/CYCLISTS ONLY)

ROYAL TRUE DONALD MILLENIUM WINNIPEG LIBRARY WINNIPEG WINNIPEG BALLET NORTH POLICE WESLEY Sa ART SERVICES GALLERY HEADQUARTERS Park SQUARE MILLENIUM ST. MARY’S LIBRARY CATHEDRAL PARK ST. MARY AVE. STEPHEN JUBA RED RIVER 1.8 km PARK

JAPANESE 8 min. OSBORNE GARDEN RBC RBC CONVENTION YORK CENTRE WINNIPEG CONVENTION GARRY PROVENCHER BRIDGE TO CENTRE FORT MEMORIAL LAW CANADIAN MUSEUM ST. BONIFACE PARK COURTS

REVENUE FOR HUMAN RIGHTS CANADA PIONEER BLVD ESPLANADE RIEL

BROADWAY union

KENNEDY

BALMORAL CARLTON

HARGRAVE DONALD SMITH station EDMONTON FORKS MARKET RD FORT

GREAT WEST LIFE BUILDING GARRY UPPER MAIN FORT HOTEL GARRY 2 km GATE 6 min. MANITOBA LEGISLATURE THE FORKS ASSINIBOINE THE FORKS BONNYCASTLE HERITAGE PARK LANDING

ASSINIBOINE RIVER WINNIPEG QUICK FACTS MARKET OVERVIEW POPULATION GROWTH Located at the junction of the Red and Assiniboine Rivers, the City of 6.9% population growth in Downtown Winnipeg lies at the geographic centre Winnipeg over the of North America and is the capital city past 5 years leading to more people living of the Province of Manitoba. Winnipeg’s downtown than ever population is currently estimated before at 804,000. Manitoba’s favorable immigration programs and policies create a strong labour base in support of local commerce. DOWNTOWN RESIDENTIAL Winnipeg’s central location within DEVELOPMENT Canada as well as its proximity to 1,213 residential the Canada-US border has led to its units currently being planned prominence in the transportation and distribution industries yet its overall economy is remarkably diverse. The city is well known for its urban forests and parks, as well as hundreds of lakes in the surrounding area, most notably Lake INVESTMENT Manitoba and Lake Winnipeg. $2.4B invested over the past 10 years ($1.26B The Winnipeg economy relies on its in planned investments) diversity to make it one of the strongest and most stable in North America and extremely resistant to external threats. The transportation and distribution industries are the primary contributors to the economy. Other critical CONSTRUCTION industries driving Winnipeg’s economy 300,000 square feet of are agriculture, financial services, office space under hydroelectricity, furniture, aerospace, construction tourism and manufacturing. DOWNTOWN KEY DOWNTOWN WINNIPEG DEVELOPMENTS Downtown Winnipeg is home to some of Winnipeg’s TRUE NORTH SQUARE largest and most exciting residential and commercial True North Square is now under construction in downtown Winnipeg at developments. Many local, national and international the corner of Graham Avenue and Donald Street just south of the Bell investors are looking to take advantage of Winnipeg’s MTS Place. True North Sports & Entertainment, among other investors, growth and stable economy. A history of downtown are building the mixed use development of roughly 300,000 sq. ft. of investment incentives are offered by the public sector Class A office space as well as a 275-room Sutton Place Hotel, 130-suite and are coupled with extensive investment from the Sutton Place Residences, and various retail amenities. The project is private sector. expected to be completed in the summer of 2018. The area offers state of the art amenities and entertainment options which include the Bell MTS 300 MAIN STREET Place, the home of the NHL franchise, and a wide array of privately and institutionally owned Artis REIT has commenced the construction on a 40-storey residential commercial assets. With residents taking advantage of tower at 300 Main Street next to the Portage & Main intersection, it Winnipeg’s favorable immigration programs, significant is expected to be the tallest building in Winnipeg. The tower will be capital investments have ben made and are slated to be constructed in conjunction with the recently completed $26 million made to infrastructure and amenities in the downtown face lift to their 30-storey office tower at 360 Main Street. The project area. is expected to be completed in 2019 and will bring much needed residential space to the downtown area. Significant development projects including 300 Main Street, True North Square, the RBC Convention Centre, RAILSIDE AT THE FORKS Centrepoint & Glasshouse, as well as many other meaningful commercial and multi-family developments, Railside at the Forks is currently in the consulting stage. The plan is showcase the attraction of investment to Winnipeg’s to convert two parcels of land totaling 12 acres into 1,200 residential Downtown and support the sustainability of this units across several low rise apartment blocks. Located in downtown investment trend for many years to come. Winnipeg at the junction of the Assiniboine and Red rivers, The Forks has in recent years undergone a revitalization which has made it one of SPORTS, HOSPITALITY & the most popular destinations in the city, attracting over 4 million visitors ENTERTAINMENT DISTRICT (SHED) each year. The SHED is an 11-block section of downtown Winnipeg that has been designated as a redevelopment zone. RBC WINNIPEG CONVENTION CENTRE A tax-increment financing (TIF) mechanism has been The RBC Winnipeg Convention Centre has recently completed an implemented to encourage the redevelopment of older expansion that has effectively doubled its usable area to 264,000 sq. ft. buildings. This zone includes the Winnipeg Convention Additions to the site include a 31,000 sq. ft. third floor exhibition space, Centre, MTS Centre, Metropolitan Theatre and Burton a new ballroom and additional underground parking. Cummings Theatre. Rennie Zegalski Principal 204.985.1368

[email protected] Capital Commercial Real Estate Services Inc. Mario Posillipo 2nd Floor - 570 Portage Avenue Senior Advisor - Sales & Leasing Winnipeg, Manitoba R3C 0G4 204.985.1373 T 204-943-5700 [email protected] F 204-956-2783 capitalgrp.ca Luke Paulsen Senior Advisor - Sales & Leasing 204.985.1358 [email protected]

Disclaimer: Capital Commercial Real Estate Services Inc. (“Capital”) does not accept or assume any responsibility or liability, direct or consequential, for the information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties. This information has not been verified by Capital, and Capital does not guarantee the accuracy, correctness and completeness of this information. The recipient of this information should take such steps as the recipient may deem necessary to verify the information in this document prior to placing any reliance upon it. The information may change and any property described in this document may be withdrawn from the market at any time without notice or obligation to the recipient from Capital.