818-844 PARIS BLVD WATERLOO · a short driving distance from the Property is Uptown Waterloo, University of Waterloo, Wilfrid Laurier University, and Conestoga College (Waterloo Campus);

EXECUTIVE TOWNHOUSEINVESTMENT OPPORTUNITY

818-844 PARIS BLVD

WATERLOO

PARIS BLVD.

PARIS BLVD.

EXECUTIVE TOWNHOUSE INVESTMENT OPPORTUNITY 2

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818-844 PARIS BOULEVARD, WATERLOO 3

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ADDRESS 818-844 PARIS BOULEVARD, WATERLOO

TOTAL BUILDING SIZE 27,774 sq.ft.

UTILITIES Tenants are responsible for all utilities

ZONING FR, MD3

PROPOSED ZONING R7, R8 Low Density Residential

TOTAL UNITS819-835 Paris Blvd. 8 units (2 blocks of 4 units each)

Total: 20 units818-844 Paris Blvd. 12 units (3 blocks of 4 units each)

SUITE MIX10 x 3-bedrooms (1,529 sq. ft.)8 x 3-bedrooms (1,267 sq. ft.)2 x 3-bedrooms (1,174 sq. ft.)

PARKING 2 parking spaces per unit: one single car garage plus driveway

COMMON AREA Each property has a rear yard in common for tenant use

LAND SIZE819-835 Paris Blvd. ±0.507 acres

Total: ±1.491 acres818-844 Paris Blvd. ±0.984 acres

EXECUTIVE SUMMARYCBRE National Apartment Group Waterloo Region is pleased to announce for sale 818-844 Paris Blvd (the "Property"), a rental townhouse property located in Waterloo. The Property consists of 20 recently built units (circa 2014, 2015), ranging from 1,267 sq. ft to 1,529 sq. ft. The Property enjoys excellent proximity to a variety of retail amenities and grocery stores. Situated a short distance from Costco, the Boardwalk, as well as a 2-minute walk from a fully-equipped plaza featuring a Goodness Me!, Canadian Tire, Shoppers Drug Mart, and BMO Bank of Montreal.

PREFERRED LOCATION AND AMENITIES

The townhomes are situated in a quiet and mature neighborhood in West Waterloo, close to bus routes and schools. The unit style and location is ideal for families, professionals or those employed at the universities and various tech companies.

PROPERTY HIGHLIGHTS• Located in a quiet neighborhood in Waterloo, the Property enjoys proximity to many amenities. Also

a short driving distance from the Property is Uptown Waterloo, University of Waterloo, Wilfrid Laurier University, and Conestoga College (Waterloo Campus);

• Rare multi-residential offering in a highly desirable market;

• High Quality Product – In addition to being recently constructed, these townhomes are in immaculate condition and well maintained with high grade appliances and fixtures throughout;

• The Property is adjacent to the City of Waterloo's West Side Employment Lands, which is expected to bring in thousands of jobs over the next few years;

• Contract rents are currently far below CBRE market rents and provide for excellent upside; and

• The basements are currently unfinished providing an opportunity to create additional finished area, and increase rents.


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Incorporating the Cities of Waterloo, Kitchener and Cambridge, the Townships of Wellesley, Woolwich, Wilmot, and North Dumfries, the Region of Waterloo is comprised of approximately 548,587 residents, making it the tenth largest census metropolitan area (“CMA”) in Canada and fourth largest in Ontario. The region is now internationally recognized as being part of the Toronto-Waterloo corridor, given the substantial local presence of advanced technology and manufacturing firms. Seeking to leverage the sizable and highly educated labour pool, strategic location and prestigious reputation for innovation, the Kitchener-Waterloo Region has matured to incorporate more than 1,000 technology firms, 150 research centres and more than 100,000 post-secondary students. The Waterloo Region remains one of the best places in the world to live and work, benefitting from a strategic location, a growing population and a skilled and internationally-focused workforce.

LOCATION OVERVIEW - WATERLOO REGION

AMENITIES DISTANCE TO SITE

Westside Marketplace 150 m

The Boardwalk 2.0 km

Bus Routes (13, 29, 202) 250 m

Laurelwood Shopping Centre 3.7 km

Wilfrid Laurier University 6.3 km

University of Waterloo 3.9 km

Conestoga College - Waterloo Campus 7.0 km

Uptown Waterloo 5.9 km

Downtown Kitchener 9.4 km

PARIS BLVD.PARIS BLVD. 818-844 PARIS BLVD.

819-835 PARIS BLVD.


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IRA NEEDLES BLVD.

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818-844 PARIS BLVD.

PARIS BLVD.PARIS BLVD.

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819-835 PARIS BLVD.


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818-844 Paris Boulevard is a two parcel townhouse rental property situated on two separate parcels totaling 1.491 acres, and consisting of 5 townhome blocks with 4 units each. The total combined square footage of the townhomes is 27,774 sq. ft. All 20 units are three-bedroom units, with 8 units totaling 1,267 sq. ft. each, 2 units at 1,174, and 10 units at 1,529 sq. ft. each.

The Properties are newly built (circa 2014, 2015), and include five appliances, stainless steel hardware throughout, and a mix of tile in the kitchen and bathrooms, carpet in the bedrooms and hallways and hardwood flooring in the living room.

LEGAL DESCRIPTION

Block 65, Plan 58M536 subject to an easement in gross over part 65 on 58R-17400 as in WR671071 subject to an easement in gross over part 65 on 58R-17400 as in WR671234 subject to an easement in gross as in WR673902 City of Waterloo & block 66, plan 58M536 subject to an easement in gross over part 66 on 58R-17400 as in WR671071 subject to an easement in gross over part 66 on 58R-17400 as in WR671234 subject to an easement in gross as in WR673902 City of Waterloo

SITE SURVEY

PROPERTY OVERVIEW - 818-844 PARIS BOULEVARD

ADDRESS 819-835 PARIS BLVD. 818-844 PARIS BLVD.

ZONING MD3 – Mixed Residential FR – Flexible Residential

PROPOSED ZONING PLAN

R8 – Residential Eight

Intended to accommodate townhouse buildings, freehold townhouse buildings, stack townhouse buildings, and triplex buildings.

R7 – Residential Seven

Intended to accommodate townhouse buildings, freehold townhouse buildings.


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Living Room

Bedroom

Kitchen

Upstairs

Kitchen


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This Confidential Information Memorandum (“CIM”) is being delivered to prospective purchasers to assist them in deciding whether they wish to acquire an interest in the Properties. This CIM does not purport to be all-inclusive or to contain all the information that a prospective purchaser may require in deciding whether or not to purchase the Properties. This CIM is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy the Properties. The CIM provides selective information relating to certain of the physical, locational and financial characteristics of the Properties.

The information on which this CIM is based has been obtained from various sources considered reliable. Neither the Vendor nor CBRE Limited (the “Advisor”) make any representations, declarations or warranties, expressed or implied, as to the accuracy or completeness of the information or statements contained herein or otherwise and such information or statements should not be relied upon by prospective purchasers without independent investigation and verification. The Vendor and the Advisor expressly disclaim any and all liability for any errors or omissions in the CIM or any other written or oral communication transmitted or made available to prospective purchasers. Prospective purchasers should conduct their own independent investigation and verification of the information provided herein, and should seek legal, accounting, tax, engineering or other advice as necessary.

If any information relating to the Properties, in addition to the information provided in this CIM, is provided at any time, orally or otherwise, by the Vendor and/or the Advisor or anyone acting on their behalf, such information is provided as a convenience only without representation or warranty as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification.

The terms and conditions in this section with respect

to confidentiality and the disclaimer contained under the heading “Memorandum Contents” relate to all sections of the CIM as if stated independently therein. The division of the CIM into sections, paragraphs, sub-paragraphs and the insertion or use of titles and headings are for convenience of reference only and shall not affect the construction or interpretation of this CIM.

The CIM shall not be copied, reproduced or distributed, in whole or in part, to other parties at any time without the prior written consent of the Vendor. It is made available to prospective purchasers for information purposes only and upon the express understanding that such prospective purchaser will use it only for the purposes set forth herein and upon and subject to the terms of the Confidentiality Agreement. In furnishing the CIM, the Vendor and the Advisor undertake no obligation to provide the recipient with access to additional information.

CONFIDENTIALITY

Upon receipt of this CIM, prospective purchasers will have executed a confidentiality agreement (the “Confidentiality Agreement”) under which they have agreed to hold and treat this CIM and its contents in the strictest confidence. Prospective purchasers will not, except as permitted under the Confidentiality Agreement, directly or indirectly, disclose or communicate or permit anyone else to disclose or communicate this CIM or any of its contents or any part thereof to any person, firm or entity without the prior written consent of the Vendor. Prospective purchasers will not use or permit this CIM to be used for any other purpose than a proposed purchase of the Properties.

OFFERING PROCESS

The Vendor has adopted a negotiated transaction process. Based on information contained in this CIM and other information that may be made available upon request, interested parties are invited to submit a proposal that addresses the requirements outlined under “Submission Guidelines”.

Please submit your bid via email on a purchaser’s form of LOI on the bid date to be articulated by the Advisor.

Submissions should be directed electronically to:

James Craig*CBRE Limited Brokerage

72 Victoria St S, Suite 200Kitchener, N2G 4Y9

519 340 [email protected]

OFFERING PROCESS


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SUBMISSION GUIDELINES

• Proposals must address the following elements:

• Purchase price;

• Any material terms, conditions and timelines for APS Negotiation, Due Diligence and Closing;

• Name of the ultimate beneficial owners of the Properties; and

• Evidence of the purchaser's financial ability to complete the transaction, including the method of financing the transaction.

• The Vendor reserves the right to remove the Offering from the market and to alter the offering process described above and timing thereof, at its sole and absolute discretion.

SALE CONDITIONS

The Properties and all fixtures included are to be purchased on an “as is, where is” basis and there is no warranty, express or implied, as to title, description, condition, cost, size, merchantability, fitness for purpose, quantity or quality thereof and without limiting the foregoing, any and all conditions or warranties expressed or implied will not apply and are to be waived by the purchaser.

Any information related to the Properties which has been or will be obtained from the Vendor or the Advisor or any other person, by a prospective purchaser, has been prepared and provided solely for the convenience of the prospective purchase and will not be warranted to be accurate or complete and will not form part of the terms of an agreement of purchase and sale agreement unless expressly agreed to in the binding purchase and sale agreement between Vendor and purchaser.

ADVISOR

The Advisor is acting solely as agent for the Vendor and not as agent for the purchaser. All inquiries regarding the Properties or any information contained in this CIM should be directed to CBRE Limited, Brokerage, as Advisor for the Vendor:

CBRE Limited, Brokerage 72 Victoria St S

Suite 200 Kitchener, Ontario N2G 4Y9

James Craig*Senior Sales Associate


Martin Cote*Associate Vice President



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 Source: Google Earth.

For more information on this asset, please contact:

KITCHENER

JAMES CRAIG*

Senior Sales Associate

DIRECT: (519) 340-2330

EMAIL: [email protected]

MARTIN COTE*

Associate Vice President

DIRECT: (519) 340-2317

EMAIL: [email protected]* SALES REPRESENTATIVE

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BORDEAUX PL.BORDEAUX PL.

IRA NEEDLES BLVD.IRA NEEDLES BLVD.

818-844 PARIS BLVD WATERLOO · a short driving distance from the Property is Uptown Waterloo, University of Waterloo, Wilfrid Laurier University, and Conestoga College (Waterloo Campus);

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