305 morrish road , Ontario

For Sale

COLLIERS INTERNATIONAL 181 , Suite #1400 Toronto, Ontario M4J 2V1 416 777 2200 www.collierscanada.com Table of Contents

01 Executive summary 05 Area Developments

02 Investment highlights 06 Comparable Sales

03 Area overview 07 Submission procedures

04 Zoning & Redevelopment

2 3 Executive summary 01

olliers International (“Colliers”) as advisor C to The Governing Council of The Salvation Army, Canada East (the “Vendor”), is pleased to offer for sale a 100% freehold interest in 305 Morrish Road (the “Property”). The opportunity to acquire an exceptional stand-alone place of worship in a high traffic expanding node with redevelopment potential (the “Offering”).

The Offering’s sale incorporates a total of approximately 7,500 sf place of worship building situated on a mid-block 1.33 Acre site. The Property will be sold vacant, ideal for an end user or has the potential for near term redevelopment. The Property has a potential redevelopment GFA of approximately one times density.

4 5 02

Investment Highlights

. Site Area: 1.33 Acres (58,078 sf)

. Building Area: 7,500 sf (approx)

. Storeys: 2 1970’s . Date Constructed: (Addition added in 1992)

. Frontage: 219’

. Density Potential: 1.03 FSI* * BASED ON PROPOSED MASSING SEE PAGE 13 6 7 DOWNTOWN TORONTO

UNIVERSITY OF TORONTO

HWY 2A

KINGSTON ROAD

305 Morrish RD

8 9 HWY 401 HWY 401

PORT UNION ROAD 03 MEADOWvALE ROAD HWY 401

Area overview HWY 2A KINGSTON ROAD

RESTAURANTS GO BUS ROUTE ELLESMERE ROAD

COFFEE TTC BUS ROUTE MORNINGSIDE AVENUE 305 Morrish RD BAR LAWSON ROAD

SHOPPING HWY 2A MEADOWVALE ROAD

BANK University of MILITARY TRAIL Toronto SCHOOL ELLESMERE ROAD

GYM

HOSPITAL

OLD KINGSTON ROAD HWY 2A ESTIMATED TIME TO UNIVERSITY OF TORONTO 15 MINUTE WALK

ESTIMATED TIME TO SCARBOROUGH TOWN CENTRE E 15 MINUTE DRIVE

ESTIMATED TIME TO DOWNTOWN TORONTO 45 MINUTE DRIVE 10 11 Proposed 04 Massing

Lot Area: 58,078.3 sf Total Area: 60,104.6 sf Zoning & FSI: 1.03 Redevelopment Total Units: 35

Specifically, the Property falls within the Highland he Property is designated as Neighbourhoods Creek Community Secondary Plan. The Highland T Area on the City of Toronto’s Official Plan (Map Creek area encompasses residential areas 22 – Land Use Plan). The Neighbourhoods characterized by detached dwellings on spacious, Area designation provides for a range of residential, treed lots. The plan looks to protect these various institutional, retail, service, and recreational uses. qualities that exist in the community today, while The Official Plan states that these specific areas outlining specific areas of action to help further the “provide a genuine opportunity to add to the community’s overall environment. Specifically, they quality of Neighbourhood life”. Therefore, specific look to protect and enhance the community within development criteria has been established for these the context of building design and form, massing,

infill development sites, looking to reinforce the pedestrian environment, and the implementation of Notes existing physical character of the Neighbourhoods. green spaces. 1) The Parcel measurements and dimensions are based on the Toronto Open data property lines information.

12 13 Current & proposed 05 Developments

6175 Kingston Road 6039 Kingston Road 7437 Kingston Road 21 Old Kingston Road Type: Townhouses & Detached Type: Townhouses Type: Stacked Townhouses Type: Townhouses FSI: 0.76 FSI: 1.33 FSI: 1.06 FSI: 0.75 Units: 44 (16 Towns, 20 Semi, 8 Det) Units: 35 Units: 128 Units: 24 Site Size: 63,598 sf Site Size: 31,893 sf Site Size: 135,472 sf Site Size: 36,067 sf Status: Under Review Status: Closed Status: Under Review Status: Under Review Secondary Plan: Secondary Plan: Highland Creek Secondary Plan: None Secondary Plan: None Official Plan:Neighbourhoods Official Plan:Mixed Use Official Plan:Mixed Use Official Plan:Mixed Use

14 15 Comparable 06 Sales

197-201 Galloway Rd 3693 Ellesmere rd Sale Date: 6-Mar-17 Sale Date: 21-Aug-17 Site Size: 45,999 sf Site Size: 29,403 sf Sale Price: $4,350,000 Sale Price: $2,000,000 Price PSF: $95 Price PSF: $68 Price Per Acre: $4,119,350 Price Per Acre: $2,962,963

4027 Ellesmere rd 8817 Sheppard Ave E Sale Date: 5-Oct-18 Sale Date: 12-Apr-17 Site Size: 58,675 sf Site Size: 38,158 sf Sale Price: $5,325,000 Sale Price: $2,501,769 Price PSF: $91 Price PSF: $66 Price Per Acre: $3,953,251 Price Per Acre: $2,855,943

16 17 Transaction Guidelines & Disposition Objectives 1. Key principals of the proponent company. Proponents should also provide an Vendor will not be responsible for any damages alleged to have been suffered overview of their corporate structure and business and project history; by prospective purchasers due to the failure of the Vendor to follow the The Vendor’s wish to maximize value of the Property and will be receptive procedures recommended herein. to various forms of offers. Accordingly, the Vendor will consider a variety of 2. Indication of the financial capability of the prospective purchaser. Evidence approaches in selling the Property. More specifically, but without limiting other of financial strength can be demonstrated by, for example, audited financial options, the Vendor may consider the following transaction structures and statements, annual report of a publicly listed company, and bank reference Confidentiality & Disclaimer formats: letters. Financial information deemed sensitive may be forwarded to Colliers in a The Confidential Information Memorandum (the “CIM”) is provided to a select separate sealed envelope addressed to the Vendor and will be returned to the · All cash offers. number of interested and qualified parties with an expressed interest in proponent upon completion of the review; and acquiring the Property. The Vendor has retained Colliers Macaulay Nicolls Inc., · Offers with bonus payments above a predetermined minimum price upon 3. In the cases where a proponent’s offer containing terms with bonus payment Brokerage (“Colliers”) to act as its advisor and exclusive agent in connection with achieving certain rezoning objectives. based on rezoned density, the submission should include a description & the sale of its interest in the Property. Submission · Multiple offers - the purchaser may provide the Vendor with different massing of the proponent’s development concept and/or architectural studies. transaction options to consider. For example, the purchaser may express an The recipient agrees not to reproduce this document, in whole or in part, to use interest in purchasing the Property on an “all cash” basis, as well as one with a Stage 2 - Procedure Following the information contained herein for any purpose other than the evaluation of bonus payment under different financial terms. Colliers and the Vendor intend to review all offers as soon as possible following the investment opportunity. Procedures 07 · Other transaction structures that meet the Vendor’s disposition objective. the Submission Date. During this review period, Colliers may request additional information, data and clarification from prospective purchasers. Following the The CIM provides detailed information relating to certain physical, financial, review period, Colliers and the Vendor may, at their discretion, negotiate further and location characteristics of the Property. The information on which this Property Inspections with one or more purchasers, or reject all offers. CIM is based has been obtained from various sources considered reliable, Guided tours of the Property must be conducted in the presence of a including the Vendor. All information relating to the Property, in addition to designated representative of Colliers. Appointments for tours of the Property Acceptance Period the information provided herein, which is transmitted or made available to a may be arranged through the following Listing Agents: prospective purchaser at any time, orally or otherwise, by the Vendor or Colliers, All offers are to be submitted to the All offers to purchase must be open for acceptance by the Vendor at least 72 is provided as a convenience only without representation or warranty as to agents in Michael Carew hours after submission. 416 791 7265 accuracy or completeness, and such information should not be relied upon by Digital copy at anytime as of: [email protected] a prospective purchaser without independent investigation and verification. Conditional Period Colliers has conducted a review of this information but has not independently November 29, 2019 Submission Process & Timing Purchasers will be provided with due diligence materials regarding the Property verified its accuracy or completeness. This document is provided by Colliers during the conditional period as per the Agreement. In addition access for with the expressed understanding that prospective purchasers will undertake The Offers will be conducted through a two-stage process inspections and reviews will be granted in accordance with the Agreement. their own review and due diligence and independently investigate those matters deemed pertinent. Colliers reserves the right to request return of this document All inquiries regarding the Property Stage 1 - Submission of Offers or any information contained in this Deposits at any time. Proponents are invited to submit their offers at anytime as of November 29, offering are to be directed to: 2019 to: An initial deposit of no less than $250,000 shall be paid by cheque to Colliers The Vendor and Colliers expressly disclaim any and all liability for any errors or Macaulay Nicolls Inc., Brokerage In Trust, upon execution of a formal omissions in the CIM or any other written or oral communication transmitted or Colliers International Agreement of Purchase and Sale. A further deposit of no less than $250,000 by Michael Carew 181 Bay Street, Suite 1400 made available to a prospective purchaser. certified cheque shall be paid toColliers Macaulay Nicolls Inc., Brokerage In D: +1 416 791 7265 Toronto, ON M5J 2V1 Trust, upon waiver of the Purchaser’s Conditions. T: +1 416 777 2200 The CIM is not to be reproduced, in whole or in part, without the express [email protected] written consent of Colliers. The terms and conditions in this section will relate F: +1 416 777 2277 Obligations of the Vendor Attention: Peter Davies & Michael Carew to all of the sections in this CIM as if stated independently therein. The division Peter Davies The Vendor is not obligated to accept the highest or any offer nor is it obligated of the CIM into sections, paragraphs, sub-paragraphs and the insertion or use D: +1 416 643 3739 In addition, proponents are encouraged to include as part of their submission, to state any reason for accepting or declining any offer, nor will it be obligated of titles and headings are for convenience of reference only and shall not affect [email protected] the following information: to pay any costs incurred in connection with the preparation of any offer. The the construction or interpretation of this CIM.

18 19 305 morrish

CONTACT Michael carew Road Sales representative +1 416 791 7265 [email protected] Peter Davies Vice President +1 416 643 3739 [email protected] Matthew Johnson Vice President, +1 416 643 3754 [email protected] Dominic Delapenha Associate Vice President, Sales +1 416 643 3759 [email protected] Chris luxton Senior sales representative +1 416 791 7263 [email protected] Colliers International 181 Bay Street, Ste 1400 Nicole Douglas Sales representative Toronto, Ontario M4J 2V1 +1 416 791 7258 +1 416 777 2200 [email protected] Www.collierscanada.com

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