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Construction to Commence Fall 2019

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Construction to Commence Fall 2019 CONSTRUCTION TO COMMENCE FALL 2019 DOWNSVIEW PARK CONCEPTUAL RENDERING CONCEPTUAL RENDERING THE OFFERING SHEPPARD AVE W DOWNSVIEW PARK, TORONTO DOWNSVIEW AIRPORT The Land Services Group is pleased to offer a forward sale for a 53-suite, purpose-built rental apartment building (the “Building” or “Site”) constructed by Mattamy Homes (the “Vendor”) as part of their Saturday in Downsview Park development in Toronto. Saturday in Downsview Park is a medium density development comprised of three buildings (A, B, C), of which the offering is known as Building B. The requirement to construct, provide and maintain affordable rental housing suites on the property is laid out in the CIRCUIT PATH Section 37 agreement for development approval. The Vendor has applied for building permits with construction expected to commence in Fall 2019. It is anticipated that the build out will be two years. DOWNSVIEW PARK The offering provides a unique opportunity to acquire and manage a brand new, affordable rental building with an attractive mix of suites. The Building will have primarily one and one+den bedrooms, a few studios and two D R bedroom suites with quality finishes throughout and ensuite laundry. There A V E is a total of 51 parking spaces, of which 45 are underground and 6 spaces L U are surface level. O B BUILDING B RK The Building is optimally located in close proximity to a number of TTC bus PA IEW routes, the Downsview Park GO stop and Wilson subway station. Located SV THE OFFERING WN just steps from Downsview Park, the Building will benefit from the park’s DO expansive trail network, recreational amenities and the increased growth BUILDING C and development in the immediate area. BUILDING A BUILDING INFORMATION GEORGE BUTCHART DRIVE Total GFA ±41,795 square feet Suite Total 53 suites Height 4 storeys 41 341 51 spaces (45 underground and 6 surface) Parking Spaces 8 of the 51 stalls are visitor parking KEELE STREET Bicycle Spaces 40 spaces Studio; One-Bedroom; One-Bedroom + Den; Suite Type Two-Bedroom Suite Size ±447-825 square feet Finishes Spec Level WHITBURN CRESCENT ±1,862 square feet in total Amenity Space (1,302 square feet of indoor space and 559 square feet of outdoor space) In the process of obtaining final approval - Development Status NOAC is being drafted SUITE MIX BLAYDON AVENUE Number Approximate Size Suite Type of Suites (square feet) Two-Bedroom 8 733-825 One-Bedroom + Den 28 622-759 One-Bedroom 12 583-610 SB: KEELE STATION Studio 5 447-520 41 NB: PIONEER VILLAGE STATION Total 53 - SB: KEELE ST @ FINCH AVE W 341 NB: INDUSTRY ST @ RAY AVE ALL OUTLINES ARE APPROXIMATE SUITE BREAKDOWN SITE PLAN Number Approximate Size Type ABOUT THE BUILDING of Suites (square feet) This is a rare opportunity to acquire a brand new 4 storey, purpose built RENTAL RATES Two Bedroom 8 733-825 rental apartment building with 53 suites, just steps from Downsview Park. The Building has a total GFA of 41,795 square feet, including approximately As per the Section 37 agreement, the initial rent shall not exceed the 1,862 square feet of both indoor and outdoor amenity space. Of the 53 amount that is at or below one times the average City of Toronto Rent, by One Bedroom + Den 28 622-759 suites, 11 will be located on the ground floor level with 14 suites on floors unit type, as reported annually by CMHC in their most recently reported two to four. All suites have balconies on the upper floors and ground floor year-end survey report, one month prior to occupancy (3.20 (b)). Please see One Bedroom 12 583-610 level suites have walk-outs. All suites have ensuite laundry. Document Centre for more information on rental rates. The Building will have two levels of shared underground parking with the Rents by Bedroom Type for Toronto CMA (as of Oct 2018) Studio 5 447-520 other two buildings in the development. The total number of parking spaces provided is 51 spaces for the Building, of which 45 are underground, as well Bachelor $1,080 Two-Bedroom $1,467 Total 53 - as 40 secure bicycle spots. One-Bedroom $1,261 Three-Bedroom $1,633 CONCEPTUAL INTERIOR SUITES Living Room DOWNSVIEW PARK BUILDING B KEELE STREET Kitchen BUILDING C THE OFFERING BUILDING A DOWNSVIEW PARK BOULEVARD Den BLAYDON PUBLIC SCHOOL Bathroom ALL OUTLINES ARE APPROXIMATE (NEW) DEMOGRAPHICS WITHIN 3KM Total Population PIONEER VILLAGE 2018 94,513 TRANSIT & AMENITIES (NEW) 11 2021 99,139 The Property is ideally located just steps from the dynamic, 401 and approximately 5 minutes from the Downsview Park % of Rented Dwellings 47.3% urban Downsview Park - a major hub for recreational GO Station. The expansive transportation options nearby 8 YORK UNIVERSITY Source: StatsCan, 2019 activities, cultural events and transit within the City of Toronto. the Site provides expedient accessibility for residents alike It is arguably the cornerstone of the community and has been throughout the GTA and GGH. In 2018, Yonge-University compared to the great urban parks of the world. Additionally, subway 1 extension was completed providing TTC subway the Building will be surrounded by local retail stores, dining services at Downsview Park to continue further north to the BathurstStreet and entertainment opportunities and Yorkdale Mall - Canada’s new Vaughan Metropolitan Centre station. The extension has YongeStreet Steels Avenue W fifth largest shopping centre providing world class retail stores brought increased density and intensification to the surrounding and elite entertainment attractions. There are a wide range of area, allowing for greater investment opportunities. JaneStreet schooling options including both public and private schools, as well as post-secondary institutions such as York University The area is comprised of young, working professionals, of FINCH WEST 400 and Centennial College. Downsview Park, Northwood Park, which many are employed by the Humber River Hospital, Earl Bales Park and Community Centre, Downsview Park located in immediate proximity to the Site. This 1.8 million Sports Centre, The Hangar and Chesswood Arena are just square foot, 600 bed, state of the art facility was completed Sheppard Avenue W WestonRoad some of the parks and recreational facilities that surround the in October 2015 and is “North America’s first fully digital Site, fostering a strong sense of community within the area. hospital”. The hospital greatly benefits the Downsview area providing both employment and emergency care to the Finch Avenue W The Site is well serviced by the TTC and GO transit and community. C conveniently located approximately 3 minutes from Highway 401 KeeleStreet COMMERCIAL AMENITIES A 1. Yorkdale Mall THE KEELEY 2. Metro 3. Shoppers Drug Mart Developer TAS DesignBuild Total Units 319 4. North York Sheridan Mall DOWNSVIEW PARK Opening 2018-04-21 % Sold 75% (239 sold) SCHOOLS & HOSPITALS Occupancy 2021-07-01 Status Pre-Construction Finch Avenue W 5. Humber River Hospital SHEPPARD AVE W 6. Downsview Secondary School 7. SheppardJaneStreet Public School 8. York University BathurstStreet SATURDAY IN DOWNSVIEW PHASE 1 9 Allen Road 400 7 PHASE 1 PHASE 2 PARKS Developer Mattamy Homes Total Units 249 B B 9. Downsview Park DOWNSVIEW Opening 2018-09-08 % Sold 95% (237 sold) 10. Oakdale Golf & Country Club A PARK 11. Black Creek Pioneer Village THE OFFERING Occupancy 2021-08-01 Status Pre-Construction Sheppard Avenue W DOWNSVIEW WestonRoad AIRPORT SATURDAY IN DOWNSVIEW PHASE 2 Developer Mattamy Homes Total Units 169 B YongeStreet 10 D 401 Opening 2019-04-19 % Sold 59% (100 sold) Occupancy 2021-12-01 Status Pre-Construction AvenueRoad PHASE 1 PHASE 2 WILSON KeeleStreet C EXPRESS CONDOMINIUMS ON THE SUBWAY 6 Wilson Avenue Developer Malibu Total Units 265 3 Opening 2018-08-01 % Sold 75% (198 sold) WESTREET HUMBER 2 Occupancy 2021-08-01 Status Pre-Construction PARKLAND 400 JaneStreet 1 5 401 Wilson Avenue D 4 BathurstStreet DOWNSVIEW PARK Allen Road Lawrence Avenue W Developer Stafford Homes Total Units 155 Opening 2016-11-03 % Sold 79% (123 sold) Occupancy 2020-05-07 Status Constructed AvenueRoad THE OFFERING PROCESS CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the Document Centre must complete a CA and return it to: [email protected]@cbre.com DOCUMENT CENTRE INCLUDES: OFFER SUBMISSIONS CBRE Limited Real Estate Brokerage • Section 37 Agreement All offers are requested to be submitted to 145 King Street West • Suite Table the attention of: Suite 1100 • Drawings and Renderings Toronto, ON • Site Plan Barbara A. Bardos* M5H 1J8 • Reciprocal Agreement Vice President • Unit Specifications Investment & Multi-Residential Properties * Sales Representative 416 815 2390 / 416 362 2244 [email protected] THE OFFERING D O W N SV IE W PAR K B KEELE STREET OU LEV ARD OFFER DATE TO BE ANNOUNCED DOWNSVIEW PARK - TORONTO, ONTARIO For more information please contact: Barbara A. Bardos* Mike Czestochowski** Lauren White* Derek Peacock* Evan Stewart Vice President Executive Vice President Senior Vice President Associate Vice President Sales Representative Investment & Multi-Residential Properties Land Services Group Land Services Group Land Services Group Land Services Group T +1 416 815 2390 / 416 362 2244 T +1 416 495 6257 T +1 416 495 6223 T +1 416 495 6237 T +1 416 495 6205 [email protected] [email protected] [email protected] [email protected] [email protected] ** Broker * Sales Representative CBRE Limited · Real Estate Brokerage · 145 King St W Suite 1100 · Toronto, ON M5H 1J8 *Sales Representative **Broker. 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.
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