1880 O CONNOR DRIVE, TORONTO BARTLEY DR EGLINTON AVE E BARTLEY DR O CONNOR DR VICTORIA PARK AVE

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1 1880 IVE, TORONTO

2 1880 IVE, TORONTO THE OFFERING PROPERTY INFORMATION EGLINTON TOWN CENTRE The Land Services Group is pleased to offer for sale a 100% freehold interest in the property located at 1880 O Connor Drive, Toronto (the Site or Property ). This 0.38-acre Site is improved with a 17,500-square foot medical and office building that has undergone several recent upgrades including the elevator and fire safety systems. The building is currently leased out to 11 tenants and generates a net operating income of $251,542. Size 0.38 acres Frontage feet on O Connor Drive Depth feet Official Plan Mixed Use Zoning By-law CR 1.0 (c:1.0 r:1.0) Commercial Residential 1.0 SUBJECT TO ONGOING APPLICATION With 2,400 square feet of vacant space on the ground floor, this Site is perfect for users with short-term leases providing additional space to expand into if required. There is also a value-add component to this investment. The short-term nature of the leases provide purchasers with the flexibility to complete staggered upgrades to the building with the potential to improve building efficiencies, reduce operating costs, increase rents and improve the bottom line financial performance of the asset. The Site is ideally located in proximity to Victoria Park, Eglinton Avenue East and the Don Valley Parkway. This location will further benefit from the upcoming completion of the Eglinton LRT with O Connor Station located just steps away from the Property. The LRT is scheduled to open in 2021 and will provide easy access east to Kennedy Station on the Bloor line and west to Eglinton Station on the Yonge subway line. In the interim, Victoria Park Station is only a short bus ride away. The Site s excellent access to existing and planned transit infrastructure and its location in an identified Key Intersection make the Property a prime candidate for future redevelopment and intensification. BUILDING INFORMATION Size 17,500 sq. ft. Tenancy Currently leased by 11 tenants NOI 2017 $251,542 SADDLE RIDGE DR PHARMACY AVE FUTURE O CONNOR STATION SUBJECT TO PROPOSED APPLICATION FUTURE EGLINTON LINE EGLINTON CROSSTOWN LRT PROJECT THE GOLDEN MILE SECONDARY STUDY PLAN ALL OUTLINES ARE APPROXIMATE The Property is located just west of the Golden Mile Secondary Plan Study Area, which stretches along Eglinton Avenue from Victoria Park east to Birchmount Road. This corridor is expected to rapidly evolve in the near future. Owing to the introduction of high-order public transit by way of the LRT, we will soon see the transformation of this once retail dominated area into a complete mixed-use community. Although still currently subject to ongoing study, this neighborhood is already slated for immense change due to a number of existing development applications. One such example is the development application in place for the intensification of Eglinton Square Mall that proposes several blocks of mixed-use high-density towers. Located directly southeast of the future O Connor LRT station at Eglinton and Victoria Park the proposal aims to retain the existing mall entirely while densifying the lands around it, transforming this retail hub to a prominent mixed-use community. Additionally, Riocan has submitted an application that will allow for a phased mixed-use community to redevelop over time as a key part of the evolving Golden Mile area. As per the application, it is envisioned that this mixed-use community, over time, will accommodate 3.2 million square feet of GFA, of which up to 80% may be residential. This community will stress transit oriented uses to optimize its proximity to two Eglinton Crosstown LRT Stations. These two are applications are just two of many of the ongoing redevelopment efforts that will occur on Eglinton Avenue East over the course of the next few decades. RENDERING: EGLINTON SQUARE

3 1880 IVE, TORONTO TENANCY INFORMATION LAND USE TENANT SUITE SQ. FT. EXPIRY Universal Medical Diagnostics Ground 2,400 Vacant Scarlet Ibis Restaurant 1st Floor 2, Buildplus Group Inc. Suite World Financial Group Suite Green Cross Medical Suite Comet Entertainment Suite Ontario Inc. Suite Sandbox Design Management Suite RCW Moving & Storage Suite Expert Mortgage Suite K Music Suite 400 2, Foundry Mortgage Suite 500 2, NET OPERATING INCOME 2017: $251,542 Designated as Mixed Use as per the City of Toronto Official Plan, the Site s land use permissions allow for a wide range of commercial and residential uses. The Property is also well situated on O Connor Drive which is an identified Avenue Study conducted by the City of Toronto in The adopted Urban Design Guidelines are intended to foster a vibrant urban corridor, providing more opportunities for people to live, work and shop. The study will encourage the intensification and transformation of O Connor Drive into a mixed-use corridor with emphasis on the integration of residential uses and consideration for the existing built form and higher order transit. As per the Urban Design guidelines, Victoria Park and O Connor Drive have been identified as a Key Intersection which is to be comprised of midrise, mixed use buildings with gradually transitions downwards in density, heights and scale to the lowrise apartment neighbourhoods to the south. Neighbourhoods Mixed Use Areas Apartment Neighbourhoods Parks and Open Space Areas Including Golf Courses, Cemeteries, Public Utilities DISTRICT STRUCTURE PLAN ALL OUTLINES ARE APPROXIMATE

4 1880 IVE, TORONTO EGLINTON CROSSTOWN LIGHT RAIL TRANSIT LOCATION & TRANSIT KENNEDY The Site is optimally located to reap the benefits of significant transit infrastructure initiatives in the coming half decade. The new LRT will bring improved service and connectivity, linking 54 local bus routes, three TTC 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 kilometers on a track faster than a streetcar, a bus, or a downtown subway. The Eglinton Crosstown LRT will introduce 25 stations across Toronto; from Kennedy Station to the east, and Mount Dennis in the west The future O Connor Station will be located steps away from the Property and will be fundamental in providing convenient accessibility options and connecting the Site laterally, east to west. The O Connor Crosstown station will be at surface level, with the stop located between Victoria Park Avenue and Eglinton Square. The LRT is expected to be fully complete and fully operation by THE EGLINTON LINE EGLINTON CROSSTOWN LRT PROJECT WARDEN 6 18 FUTURE O CONNOR STATION VICTORIA PARK COMMERCIAL AMENITIES SCHOOLS & HEALTH FACILITIES TRANSIT 1. Eglinton Square 2. SmartCentres Scarborough 3. Eglinton Town Centre 4. Cineplex Scarborough 5. Mandarin Buffet 6. YMCA 7. East York Gymnastic Club 8. Toronto Climbing Academy 9. Toronto City Sports Centre 10. Celebrations Banquet Hall 11. Victoria Village Area 12. Latvian Canadian Cultural Centre 13. Toronto Soccerplex 14. Aga Khan Museum 15. Ontario Science Centre 16. O Connor Early Learning & Child Care Centre 17. O Connor Public School 18. Toronto Public Library - Dawes Road Library 19. Providence Healthcare 20. Warden Hilltop Community Centre 21. W A Porter Collegiate Institute 22. Centennial College Astonbee Campus Bookstore & Student Centre 23. Toronto Public Library - Kennedy/Eglinton Library PARKS 24. Victoria Park - Eglinton Parkette 25. Jonesville Allotment Garden 26. Warner Park 27. Parma Park 28. Edge Park GO Station TTC Station TTC ROUTE 24 NB: Gordon Baker Rd. SB: Victoria Park Station EGLINTON LINE EB: Kennedy Station WB: Mount Dennis Station LAKESHORE E LINE NB: Union Station SB: Oshawa Station FUTURE LRT

5 1880 IVE, TORONTO OFFERING PROCESS CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the Document Centre must complete a CA and return it to: LSGGTA@CBRE.COM ASKING PRICE: $5,900,000 OFFER SUBMISSIONS All offers are to be submitted electronically to: Ian Hunt ian.hunt@cbre.com IAN HUNT* Vice President ian.hunt@cbre.com NATE PACE Sales Representative nate.pace@cbre.com JASON CHILD* Vice President jason.child@cbre.com MIKE CZESTOCHOWSKI** Executive Vice President mike.czestochowski@cbre.com LAUREN DOUGHTY* Senior Vice President lauren.doughty@cbre.com *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. 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: Google Earth 02/18 CBRE LIMITED 2005 Sheppard Ave E, Suite 800 Toronto, ON, M2J 5B4