N YONGE ST 22,829 SQ. FT. OFFICE BUILDING MOUNT PLEASANT RD SUBJECT PROPERTY EGLINTON AVE E 240 EGLINTON AVE E, TORONTO 240 EGLINTON AVE E, TORONTO N EGLINTON CROSSTOWN LIGHT RAIL TRANSIT The new LRT will bring improved service and connectivity, linking 54 local bus routes, three TTC THE OFFERING interchange subway stations and GO Transit. Located steps away from the future Eglinton Crosstown LRT Line, the Site will benefit from this new reliable rapid transit, spanning 19 km on a track faster On behalf of Chartered Professional Accountants of Ontario (the “Vendor”), CBRE’s Land than a streetcar, a bus, or a downtown subway. The Eglinton Crosstown LRT will introduce 25 Services Group (the “Advisor”) is pleased to offer for sale a 100% freehold interest in stations across Toronto; from Kennedy Station to the east and Mount Dennis in the west. 240 Eglinton Avenue East in Toronto, Ontario (the “Property”, “Building” or “Site”). The Site is ideally located near the corner of Eglinton Avenue East and Mount Pleasant Road, within the Yonge-Eglinton corridor. The Site is currently designated for mixed-use within the Yonge-Eglinton Secondary Plan, that provides the Property with potential for redevelopment. Located just steps from the future Mount Pleasant stop along the Eglinton Crosstown LRT, the Site is positioned to benefit tremendously from current and future transit opportunities. The Building is an attractive 5-storey vacant office building occupying a prominent position in Toronto’s Midtown market. Constructed in 1959, the Property features 22,829 sq. ft. of office space over four floors with one level of at-grade parking consisting of 19 spaces, and a partial basement level. Located a short walk to the Eglinton Subway Station and with easy access to the Don Valley Parkway and Highway 401. The side-core construction offers an optimal configuration for single tenant occupiers with ±5,700 sq. ft. floor plates, 8 MIN for a unique user experience and workplace design. The Property benefits from a complete forefront façade renovation and interior update in 1990. The ground floor with main entrance lobby off of Eglinton Avenue providing access to the passenger elevator and stairwell, offers users a distinctive branding opportunity. PROPERTY INFORMATION NORTH TORONTO YONGE ST COLLEGIATE INSTITUTE Lot Size 6,878 sq. ft. Building Size 22,829 sq. ft. High performing midtown office market with strong fundamentals Frontage ±50 ft. Depth ±134 ft. Official Plan Mixed Use Areas Newly constructed Eglinton 1 Secondary Plan Mixed Use Area B Crosstown LRT line expected Zoning CR 5.0 (c3.0; r3.0) SS2 (x2497) to have significant benefits Existing 5-storey office building with 22,829 sq. ft. of space and one level Conditions of parking at-grade with 19 spaces. 1Note: the Yonge-Eglinton Secondary Plan area was modified by the Minister and the decision is not subject to any appeal rights. The revised Secondary Plan is in effect as of June 6, 2019 Ideal opportunity for end-user/occupier MIDTOWN IN FOCUS - OFFICIAL PLAN AMENDMENT (OPA) 405 SUBJECT PROPERTY EGLINTON AVE E The Property is located within the Yonge-Eglinton Official Plan Amendment (OPA 405) area, which was approved with modifications by the Minister of Municipal Affairs on June 5, 2019. The changes emphasize the need for development to support infrastructure Rezoning application to permit a 44 storey mixed-use building Easy access to several and transit investment through relaxing policy language. The most notable revisions made with 454 units and approximately 5,080 sq. ft. of retail. The transit options and highways by the Province remove the height limits that were originally adopted by Council, allowing application was appealed to the OMB (now LPAT). for greater density and intensification in the area. In addition, the changes to the policy are final and not subject to appeal. BROWNLOW AVE EGLINTON JUNIOR PUBLIC SCHOOL CLOSE-UP OF PROPERTY FUTURE MOUNT Secure parking for up to 19 vehicles PLEASANT STOP N NORTHERN SECONDARY SCHOOL ROEHAMPTON AVE MOUNT PLEASANT RD EGLINTON AVE E ALL OUTLINES ARE APPROXIMATE 240 Eglinton Ave E Prepared by: Alexia Sarantopoulos OFFERING PROCESS CONFIDENTIALITY AGREEMENT OFFER SUBMISSIONS Potential purchasers that require access to the Document Centre All offers are to be submitted electronically to: must complete a CA and return it to: [email protected] Lauren White | [email protected] DOCUMENT CENTRE TOUR DATES • Floor Plans • Hazardous Building Materials Assessment The last tour date will be Tuesday, August 13th, 2019 • Property Tax Bills • Asbestos Assessment • Survey Date Time Tuesdays 2:00 PM - 4:00 PM 2018 FINAL PROPERTY TAXES: $135,116.06 Thursdays 5:00 PM - 7:00 PM OFFER SUBMISSIONS DUE: THURSDAY, AUGUST 15TH, 2019 BY 4:00 PM (EST) COMMERCIAL AMENITIES 1 Yonge-Eglinton Centre • Metro 7 • Rexall • GoodLife Fitness • LCBO 13 • Cineplex VIP Cinemas • Indigo • Swarovski • Sephora 10 6 12 • Urban Outfitters 5 4 • The Body Shop • California Thai 9 2 Sobeys Urban Fresh 1 3 3 LCBO 2 4 Best Buy INSTITUTIONS & PARKS 11 5 North Toronto Collegiate Institute 6 Northern Secondary School 7 Sherwood Park 8 8 Hodgson Middle Schools NEARBY DEVELOPMENTS Construction Opening Occupancy Unit Size Development Project Address Unit Prices Units Status Status Date Date (sq. ft.) E2 Condos 39 9 Pre-Construction 10/12/2017 02/08/2022 633-1,163 $571,990-$1,535,990 456 96% Sold by Metropia & Capital Investments Roehampton Ave Line 5 Condos-North Tower 117 10 Pre-Construction 10/16/2018 09/01/2022 347-926 $397,900-$909,900 485 100% Sold by Reserve Properties & Westdale Properties Broadway Ave Y & S Yonge & Soudan 2161 11 Pre-Construction 02/20/2019 03/01/2023 595-965 $667,900-$1,027,900 284 97% Sold by Tribute Communities & TENBlock Developments Yonge St 12 Sierra Building Group 492 Pre-Construction 04/16/2018 09/01/2020 535-1,136 $475,900-$1,089,900 92 100% Sold by Cardiff on Eglinton Eglinton Ave E Upper East Village 939 13 Under Construction 04/24/2018 06/01/2021 710-2,451 $628,900-$2,454,900 297 99% Sold by Camrost Felcorp and Diamond Corp Eglinton Ave E Mike Czestochowski** Lauren White* Derek Peacock* David Bethell* Amy Calcutt Executive Vice President Senior Vice President Associate Vice President Senior Vice President Sales Representative +1 416 495 6257 +1 416 495 6223 T +1 416 495 6237 +1 416 815 2359 +1 647 943 4178 [email protected] [email protected] [email protected] [email protected] [email protected] www.cbre.ca/mclsg *Sales Representative **Broker. 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