Located within the highly desired Lakeshore Woods neighbourhood, Lake & East offers its residents almost immediate access to the Bronte Harbour

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1 LAKE & EAST

2 Located within the highly desired Lakeshore Woods neighbourhood, Lake & East offers its residents almost immediate access to the Bronte Harbour Marina, as well as convenient connection to the Bronte GO Station and the QEW. Purchasers in the project will enjoy the immense character and charm that Bronte Village offers while enjoying close proximity to Oakville s bustling downtown. Sayf Hassan, Symmetry Developments

3 THE DEVELOPMENT Fortress Real Developments, Symmetry Developments, and Engine Developments have partnered on a high-rise development site located at the southeast corner of Lakeshore Road West and East Street, municipally known as 2226 Lakeshore Road West and 83 East Street. ENNISCLARE ON THE LAKE 1 22 STOREYS LAKE & EAST PROPOSED 14 STOREYS THE SHORES ACTUAL HEIGHT 11 STOREYS STOREY 4 PODIUM 5,700 sf OF COMMERCIAL SPACE AT GRADE 158 UNDERGROUND PARKING SPACES ON 2.5 LEVELS RESIDENTIAL 140 UNITS TARGET AVERAGE UNIT SIZE 800/825 sf TARGET AVERAGE PRICE $525,000 ADJACENT BUILDING 14 STOREYS While the height of this development exceeds what is contemplated in the Town of Oakville s planning policy framework, it is, in our opinion consistent and compatible with surrounding development to the south and to the east. This development will improve the main street character on Lakeshore Road West, as a gateway into the Bronte Village Growth Area, and will contribute to the residential intensification targets in the area. Subject site Excerpt from Weston Consulting Planning Opinion Letter December 8, 2014

4 OAKVILLE MARKET OUTLOOK FEWER HOMES ARE BEING BUILT Completions for singles, semis and towns in the Toronto CMA are running at half the levels seen ten years ago, which is likely, the biggest factor driving up house prices in the metro area and the Town of Oakville. AFFORDABILITY & DEMOGRAPHICS ARE DRIVING CONDO DEMAND The affordability crunch has hit the inner suburbs, and the condominium market has grown rapidly in these 905 area municipalities, with downtown-style high-rise towers and modern architecture proving popular with buyers. As the baby boomers enter retirement age, many will consider selling their larger residences and trading them for maintenance free condominium homes with ample amenities and tremendous site lines, like the water views available on the upper floors at Lake & East. HIGH ABSORBPTION IN OAKVILLE There has been a renewed interest in the Oakville in recent years with the market segmented between lower priced product aimed at investors and first-time buyers in north Oakville, and high-priced product aimed at move-down buyers and affluent young couples in south Oakville. Both segments of the market have performed fairly well, with completed and unabsorbed supply of just two units at the end of 2014, and no unsold units as of March of this year. The high-rise demand in Oakville and the confidence of the construction lenders has never been higher, with nearly 1,200 units currently under construction. Apartments (condo + rental) accounted for 82% of Toronto CMA new housing completions in Q1-2015, up from 56% in 2011 and 27% in The average new singledetached home in Oakville sold for $1.49 million in March 2015, up 7% annually. There were just 369 unsold units in active condominium projects in pre-construction or under construction in Oakville at the end of Q MODERN DESIGN IS SELLING WELL Lake & East will feature a very high design. The very modern look and interior finish will appeal to the move-down empty-nester and affluent couples market. There is limited competition in that marketplace for such a product anywhere in Oakville or Mississauga. Fortress experienced strong sales in Burlington with our partner Adi Developments with very modern buildings, attracting many purchasers that wouldn t have considered the typical boxy condominium. Additionally, the Bronte area of Oakville is a very prestigious address, with the opportunity to serve the affluent move-down market that desires a walkable community and water views. MARKET PRICING The most comparable project to the subject site has seen units trade at $650 psf, very similar to what is targeted for Lake & East. Given Symmetry s success at achieving above-market pricing for its high style units, we believe the site is appropriately priced, and suites should absorb in a timely manner.

5 ABOUT SYMMETRY DEVELOPMENTS LINEA COMPLETE Linea on Bayview is a collection of eleven luxury Loft Townhomes in the heart of Bayview Village. Artist Rendering Actual Project THE HIVE COMPLETE The Hive is a stunning six-storey low-rise building located on the Queensway. This intimate boutique residence is comprised of 20 lofts ranging from 523 to 1,075 square feet. Artist Rendering Actual Project ORIGAMI UNDER CONSTRUCTION Origami will consist of 23 sculpted lofts in Queen West, minutes from Trinity Bellwoods Park. Rendering Under Construction THE TREE HOUSE PRE- CONSTRUCTION & MARKETING A collection of modern walk-up family townhomes in Toronto s east end. Rendering Sales Centre

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