Ontario Street East, Montréal

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1 For Sale or for Lease Newly renovated commercial property in the heart of HOMA s popular Promenade Ontario For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker T mark.sinnett@am.jll.com Armen Markarian Associate Commercial Real Estate Broker T armen.markarian@am.jll.com

2 Commercial property for sale or for lease on Promenade Ontario Property Details Description 4,893 SF commercial property for sale on the corner of Ontario Street East and Darling Street in the heart of the HOMA borough of Montréal. The ground floor, featuring 2,500 SF of commercial space, is available for lease. Rent Roll Address Tenant Area Lease Monthly Annual Pro Recoveries psf Rent Rent Rata Taxes 3325 Ontario E Vacant 2,500 51% 3329 Ontario E Daycare 2,393 Net $1,667 $20,000 $ % $10,000 Total Building Area 4,893 SF (459.9 m 2 ) Available Space for Lease 2,500 SF (232.3 m 2 ) Total Land Area 3,029 SF (281.4 m 2 ) Legal Description Lot # (Cadastre du Québec) Year Built 1963 Storeys 2 Zoning Commercial and residential Municipal Evaluation Land: $126, Building: $498, TOTAL: $625, Tax Roll Municipal Taxes: $ 23, School Tax: $ 1, TOTAL: $ 24, Asking Price $795,000 Net Leasing Rate $24.00 psf Page 2

3 Certificate of Location Page 3

4 Local Market Overview The subject property is located on Promenade Ontario, a hub of economic and commercial activity that is at the heart of the Mercier- Hochelaga-Maisonneuve borough. The area is experiencing a revival of sorts due to an influx of new, younger residents and a major increase in business development and investment in the infrastructure. Place Simon-Valois, only a few blocks away from the subject property, certainly epitomizes the dynamism and energy now characteristic of the HOMA borough. Officially opened in 2007, this $12 million investment is home to both retail and residential properties. The open square is lined with popular cafés and restaurants, such as Le Valois, Boulangerie Arhoma and William J. Walter, adjacent national brand names such as Metro, Pharmaprix, Laurentian Bank, and National Bank. Other neighbouring tenants include Bobby McGee, Jean-Coutu Pharmacy, Fido, Sata Sushi, Rona, Tim Hortons, Subway, Dollarama and other popular local retailers. The area abounds with parcs and green spaces and, further east, is the popular Marché Maisonneuve. The area is well-serviced by public transit, benefiting from easy access to the metro system via Pie-IX and Joliette metro stations and frequent bus service (#29, 125 and 355). Only a few blocks away from Pie-IX Boulevard, the property connects seamlessly to Montréal s main accessways. Mercier-Hochelaga-Maisonneuve (MHM) is the fifth most important borough of the island of Montréal and home to 7% of the Montréal population. It owes its importance predominantly to the Hudon cotton factory and the extension of the North Railway at the beginning of the 20 th century. This catalized major industrial development and urbanization, whereby the area became the 5 th largest industrial slum in Canada. Today, however, the MHM borough is one of the fastest growing on the island of Montréal, popular with young urban professionals who seek the benefit of a tight-knit community, proximity to the downtown core, lower housing costs, and easy access to all services and amenities. MHM features important industrial zones, new revitalization plans for its residential zones, and a dynamic economy. Local attractions include the Olympic Stadium, the Montréal Biodome, the Montréal Botanical Garden, the Collège de Maisonneuve, the Marché Maisonneuve and the Place Versailles shopping center. According to the Statistics Canada (2012) data, approximately 135,644 inhabitants live in the 25.4 square kilometer borough. This represents a slight population increase since 2007, by about 3.7%. This is significant since the end of the 20 th century saw an important exodus from the area, decreasing by 48% between 1961 and The median age is 39.6, slightly higher than Montréal s figure, which rests at The most important age group is the range. The average household income is lower than Montréal s, at $56,190 versus $69,928. According to the Recensement des établissements et de l emploi à Montréal, employment is concentrated in the commercial and retail sectors (40% of total jobs). However, growing industries include the professional, technical and scientific services sector as well as manufacturing, transportation and wholesale trade. The largest employers in the area include BPR Inc., Johnson & Johnson, Kraft Canada, Mabe Canada, Syndicats des Débardeurs SCF and UAP Inc. The area also benefits from its proximity to Montréal s harbor and railway system. MHM features a diverse assortment of housing types. 34% of dwellings are owned, which is lower than the Montréal average of 40%. Over the last year, the median price single-family homes was $315,000, in comparison to Montréal s rate of $380,000. Condominiums in MHM sold for $222,216 and plexes (between two and five units) sold for $410,000. The area is currently seeing investment into major residential projects, such as the four-phased Cours Lafontaine project, which features condominiums, row houses, triplexes as well as a senior home. The first three phases have been completed and the fourth is currently under construction. The Faubourg Contrecoeur project will feature 380,000 square meters of mixed-use development with 1,865 housing units, including detached, semi-detached, and condominiums dwellings. It will include commercial spaces, public amenities as well as green spaces to service the needs of over 5,000 new residents. A vibrant, dynamic and trending borough Page 4

5 Local Market Overview (cont d.) Good automobile and pedestrian traffic, excellent visibility and a diverse retail environment 3325 Ontario Street East Page 5

6 Local Market Overview (cont d.) Page 6

7 About the Capital Markets - Commercial and Retail Properties Group JLL s Commercial and Retail Properties Group specializes in the acquisition and disposition of commercial, semi-commercial and retail properties both in the Greater Montréal Area and throughout the province. The group offers: Acquisition and disposition services; Leasing and landlord representation services; Asset review and financial analysis; and Investment strategy development and due diligence support. Our main objective is to ensure that our clients receive maximum value for their real estate investments. Our approach, tools and processes have all been optimized to meet this goal, allowing us to successfully transact the majority of our assignments. In addition to our 20 years of cumulative experience, we offer industry-leading research, market intelligence, and unmatched exposure to investors, retailers, users, and developers across the country. About JLL JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. Real Estate Services Inc. Real Estate Agency 1 Place Ville Marie, Suite 2121 Montréal, Québec, H3B 2C6 Tel For more information, please contact Mark Sinnett Executive Vice President - Capital Markets Real Estate Broker T mark.sinnett@am.jll.com Armen Markarian Associate - Capital Markets Commercial Real Estate Broker T armen.markarian@am.jll.com 2014, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Real Estate Services, Inc., Real Estate Agency