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Vacant Bank Building for Sale 251 Parkdale Avenue North, Hamilton, On

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Vacant Bank Building for Sale 251 Parkdale Avenue North, Hamilton, On VACANT BANK BUILDING FOR SALE 251 PARKDALE AVENUE NORTH, HAMILTON, ON Sean Comiskey* Laura Hilderley RETAIL Associate Vice President Client Services Assistant INVESTMENT 416 495 6215 416 495 6274 GROUP [email protected] [email protected] CBRE Limited, Brokerage | 2005 Sheppard Avenue East | Suite 800 | Toronto, ON M2J 5B4 | T 416 494 0600 | F 416 494 6435 *Sales Representative JANUARY 2017. 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 The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.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 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 TABLE OF CONTENTS 1 PROPERTY SUMMARY 2 MARKET OVERVIEW 3 PROPERTY PROFILE 4 OFFERING PROCESS JANUARY 2017. 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 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 RETAIL INVESTMENT 2 GROUP PROPERTY SUMMARY VACANT BANK BUILDING | 251 Parkdale Avenue North, Hamilton, ON PROPERTY SUMMARY Melvin Ave Parkdale Ave North N ADDRESS: INTERSECTION: 251 Parkdale Avenue North, Hamilton Parkdale Avenue North / Melvin Avenue LEASEABLE AREA: BUILDING TYPE: 2,253 sq. ft. One storey brick building with flat roof SITE AREA: PARKING 0.34 ac. 30 spaces ZONING: WASHROOMS: H - Community Shopping and Commercial 2 YEAR BUILT: ASKING PRICE: 1949 $799,000 RETAIL INVESTMENT 4 GROUP MARKET OVERVIEW VACANT BANK BUILDING | 251 Parkdale Avenue North, Hamilton, ON MARKET OVERVIEW HAMILTON, ON Strategically positioned at the western end of Lake Ontario, between Toronto and the U.S. border, the City of Hamilton is recognized as Ontario’s most economically diverse city. With a rich history in the industrial manufacturing sector specifically steel manufacturing, Hamilton has recently become a major destination for higher education, medical research and cultural activity. Hamilton is Canada’s 10th largest CMA (Census Metropolitan Area) with a population exceeding 500,000 and is forecasted to grow significantly in the coming years. Hamilton is home to the Royal Botanical Gardens, the Canadian Warplane Heritage Museum, the Bruce Trail, McMaster University and Mohawk College. Hamilton Health Sciences employs over 10,000 people and is recognized across the country for it's contribution to medical research. The city boasts lower costs of business compared to the Greater Toronto Area which has encouraged a stream of new business to come to the area in recent years. The Port of Hamilton is a key gateway for commerce and trade through southern Ontario and is the busiest of all the Canadian Great Lakes ports. In addition, the city features an international Airport and is in close proximity to national rail lines and multiple international border crossings. With a diverse employment market, Hamilton is well positioned to continue to prosper and become deeply connected to the surrounding Greater Golden Horseshoe area. TRADE AREA DEOMGRAPHICS TOTAL CENSUS FAMILIES Total Population 555,970 Average Persons per Family 3.0 Population Change (2011-2016) 3.8% Total Couples 125,050 Average Age 40.7 Without Children at Home 58,949 Total Households 220,858 With Children at Home 66,101 Avg. Household Income $90,192 Lone-Parent Families 26,203 RETAIL INVESTMENT 6 GROUP PROPERTY PROFILE VACANT BANK BUILDING | 251 Parkdale Avenue North, Hamilton, ON PROPERTY PROFILE PROPERTY OVERVIEW The Property is well located on the corner of Parkdale Avenue North and Melvin Avenue, on a commercial arterial in the north end of Hamilton. The site is just south of a major intersection at Parkdale Avenue North and Barton Street East and the surrounding buildings are a mix of residential and commercial uses. The neighbouring site to the north is a four storey apartment building and the neighbouring site to the south is a freestanding commercial building with second floor office space. Parkdale Avenue features a variety of commercial tenants including Rexall, The Beer Store, Mr. Sub, Hi-Line Pizza & MUNICIPAL ADDRESS 251 Parkdale Avenue North, Hamilton, ON LAND AREA 0.34 ac. GLA 2,253 sq. ft. FRONTAGE 120 ft. DEPTH 125 ft. ZONING H - Community Shopping and Commercial PROPERTY TAXES $7,379.90 LEGAL DESCRIPTION PT LT 33, CON 1 SALTFLEET, AS IN NS122495, EXCEPT PT 4 62R484 ; HAMILTON 3809 KEELE STREET SUBJECT PROPERTY Drive Times From Toronto: 55 Minutes From U.S. Border: 45 Minutes N RETAIL INVESTMENT 8 GROUP PROPERTY PROFILE Revisions, Issues FLOOR PLAN - FIRST FLOOR No CRE Project Description Date Initial AREAS ARE BASED ON EXISTING DRAWINGS AND HAVE NOT BEEN CONFIRMED ON SITE. OCCUPANCY ALLOCATION (IF APPLICABLE): NOTE : CALCULATIONS ARE BASED ON ANSI/BOMA Z65.1-1996 Transit no. 08062 BOMA DEFINED VERTICAL PENETRATION, BUILDING COMMON AND FLOOR COMMON AREAS. BANK FLOOR COMMON AREA (CC : 999991) Building ID CM0A531 OFFICE AREA USED BY ALL BANK TENANTS ON THE FLOOR ADDRESS: SHARED AREA : OFFICE AREA SHARED BY MORE THAN ONE DEPARTMENT ON THE FLOOR. PARKDALE AND MELVIN 251 PARKDALE AVENUE NORTH HAMILTON, ON, L8H 5X6 Drawing Title: FIRST FLOOR PLAN Scale Last Modified Date: NTS 20-JAN-09 Modified By: E.B. Approved By: E.B. Global Integrated Solutions Checked By: E.B. "CIBC CONFIDENTIAL" CADD File NAME CM0A531-001A-FP00 Revisions, Issues No CRE Project Description Date Initial FLOOR PLAN - BASEMENT AREAS ARE BASED ON EXISTING DRAWINGS AND HAVE NOT BEEN CONFIRMED ON SITE. OCCUPANCY ALLOCATION (IF APPLICABLE): NOTE : CALCULATIONS ARE BASED ON ANSI/BOMA Z65.1-1996 Transit no. 08062 BOMA DEFINED VERTICAL PENETRATION, BUILDING COMMON AND FLOOR COMMON AREAS. BANK FLOOR COMMON AREA (CC : 999991) Building ID CM0A531 OFFICE AREA USED BY ALL BANK TENANTS ON THE FLOOR ADDRESS: SHARED AREA : OFFICE AREA SHARED BY MORE THAN ONE DEPARTMENT ON THE FLOOR. PARKDALE AND MELVIN 251 PARKDALE AVENUE NORTH HAMILTON, ON, L8H 5X6 Drawing Title: BASEMENT FLOOR PLAN Scale Last Modified Date: NTS 20-JAN-09 Modified By: E.B. Approved By: E.B. Global Integrated Solutions Checked By: E.B. "CIBC CONFIDENTIAL" CADD File NAME CM0A531-BM1A-FP00 RETAIL INVESTMENT 9 GROUP PROPERTY PROFILE ZONING - H - COMMUNITY SHOPPING AND COMMERCIAL PERMITTED USES • Any commercial use permitted in an “E” or “G” District without • An animal hospital, kennel or any building or structure limitation of the number of employees except a public parking where animals are commercially kept or raised, if distant at lot located in the area shown on Schedule “N”, a massage least 30.0 metres (98.43 feet) from any residential district, parlour or a theatre. but this clause shall not be construed as permitting a livery stable or riding academy, or as limiting the location of a pet • A pharmaceutical, chemical, physical or opticians Laboratory, shop. but not including a factory. • Storage of goods to be manufactured, assembled or sold • A commercial school or a motion picture studio, a radio upon the premises, if occupying not more than twenty-five broadcasting station, with or without a studio or theatre. per cent of the floor area. • A second-hand goods shop, pawnbroker’s shop, pet shop, • Either a manual car wash or mechanical car wash, utilizing open-air market or retail store of any kind including a liquor not more than one bay
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