The Well Development - A Study in Design Economics

THE WELL

1166 WELLINGTON STREET WEST, OTTAWA DEVELOPMENT PROPOSAL DECEMBER 2015 GROUP 28 SUMMER BOURGON | 100851891 ELAINE WELSHER | 100854692 RACHITA DESAI | 100850590 JULIA PSIHRAMIS | 100925407

DEVELOPMENTS

TH

Prepared by:

DEVELOPMENTS Surge Developments Inc. 150 Elgin Street Ottawa K2P 1L4

TABLE OF CONTENTS 1.0

DEVELOPMENT BRIEF 05

2.0 PLANNING RATIONALE

2.1 SUBJECT PROPERTY 07 2.1.1 PROPERTY DETAILS 2.1.2 PROPOSAL JUSTIFICATION

2.2 SITE CONTEXT 08 2.2.1 ZONING INFO 2.2.2 OFFICIAL PLAN LAND USE

2.2.3 COMMUNITY DESIGN PLAN & SECONDARY PLAN

2.3 SURROUNDING AREA 09

2.3.1 NEIGHBOURHOOD LAND USE

2.3.2 PARKS & OPEN SPACES 2.3.3 TRANSPORTATION 2.3.4 URBAN PATTERN

2.3.5 FUTURE & CURRENT DEVELOPMENTS 2.3.6 PROXIMITY DIAGRAM 2.3.7 LAND USE DIAGRAM 2.3.8 CIRCULATION DIAGRAM 2.3.9 URBAN PATTERN DIAGRAM

2.3.10 FUTURE & CURRENT PROPOSAL MAP

2.4 SITE PHOTOS 19

2.5 HOW PROPOSAL FITS INTO EXISTING CONTEXT 25 2.5.1 MARKET ANALYSIS 2.5.2 DEMOGRAPHICS

2.5.3 CONCLUSIONS: MARKET & DEMOGRAPHIC

2.5.4 HOW PROPOSAL FITS INTO SITE

3.0 SITE PLAN 29 4.0 DESIGN PACKAGE 31

4.1 FLOOR PLANS

4.2 4.4

UNIT BREAKDOWN PROPOSED SITE PERSPECTIVES

5.0 DEVELOPMENT FINANCIAL SUMMARY 43 6.0 PRO-FORMA 45 7.0 REVENUE SUMMARY 51 8.0

UNIT & PARKING PRICING SHEET

52

9.0 TARION ENROLLMENT BREAKDOWN 56 10.0 CASH FLOW PROJECTIONS 57 11.0 PROJECT TIMELINE/SCHEDULE 63 12.0 GO/NO-GO CRITERIA 65 13.0

14.0

APPENDIX A - FINANCING SUMMARY

66

APPENDIX B - MARKETING DRAWINGS

68

APPENDIX C - LEED CHECKLIST

79

13.1

14.1

LOAN AMORTIZATION

3 TIER FINISH SCHEDULE

15.0

15.1

17.0

APPENDIX E - ALTERNATE FINANCING STRUCTURE

91

19.0

APPENDIX G - ADDITIONAL CALCULATIONS

94

TRIPLE BOTTOM LINE

16.0 APPENDIX D - LAND TITLES 82

16.1 COMPARABLE LAND TITLES 18.0

APPENDIX F - WORK/TASK DISTRIBUTION

93

1166 WELLINGTON STREET WEST

1.0

SURGE DEVELOPMENTS

DEVELOPMENT BRIEF BUILDING FOOTPRINT

25, 436 SQ FT

144

SITE EFFICIENCY

75%

GROSS FLOOR AREA

90

164, 489 SQ FT

NET SALEABLE AREA

PARKING SPACES

BICYCLE SPACES

139, 795 SQ FT

111

BUILDING EFFICIENCY

85%

STORAGE LOCKERS

AVERAGE 2 BEDROOM

1097 SQ FT $535,638

AVERAGE BACHELOR

420 SQ FT $209,412

2 BEDROOM

AVERAGE 1 BEDROOM

700 SQ FT $339,901

57%

48

1 BEDROOM

62

BACHELOR

52

NUMBER OF FLOORS

9

CONDO UNITS

NUMBER OF UNITS

162

SMALLEST UNIT SIZE

43%

RENTAL UNITS

PRIVATE RECESSED BALCONIES COMMERCIAL GROUND FLOOR UNIT 1 5,411 SQ FT UNIT 2 UNIT 3

3,929 SQ FT 9,798 SQ FT

UNDERGROUND PARKING

420 SQ FT

LARGEST UNIT SIZE

1670 SQ FT

PRIVATE ROOFTOP TERRACES PRIVATE PROJECTED BALCONIES PUBLIC OUTDOOR COURTYARD 5

1166 WELLINGTON STREET WEST

2.0

SURGE DEVELOPMENTS

PL ANNING RATIONALE ST

ET WE

N STRE

GTO WELLIN

UE VEN LE A KDA PAR

2.1

SUBJECT PROPERTY

The proposed development site is made up of two separate parcels, 1166 Wellington Street West and 407 Parkdale Avenue. The two properties combined have an area of 3081 m², a frontage of 48 m along Wellington Street West and a frontage of 57 m along Parkdale Avenue.

The legal descriptions for 1166 Wellington and 407 Parkdale are PLAN 14 PT LOT 2 PLAN 21 PT; LOT 8 PLAN 106 LOT F PT LOT; E PT LANE AND RP 4R17761 PT; PART 1 RP 5R5160 PT PART 1 and PLAN 106 LOTS C&D PARKDALE; E, respectively.

2.1.1 PROPERTY DETAILS The site currently houses one single storey brick building which is located at 407 Parkdale and contains Postal Station C, a Canada Post distribution facility. The remainder of the site is comprised of parking; the northern half for the Salvation Army long term care facility to the east of the site and the southern half for the Canada Post facility. The site is bordered on the north and north-west sides by sidewalks and trees, providing ample privacy from vehicular traffic at the Wellington-Parkdale intersection.

2.1.2 PARCEL JUSTIFICATION 1166 Wellington Street West and 407 Parkdale Avenue were selected for the implementation of this development project due to their untapped density, their location at the prime intersection of Wellington & Parkdale within the Hintonburg community, their proximity to many amenities and parks, and their proximity to public transit and primary roads and highways. The two sites provide great frontage along Wellington and Parkdale, posing a prime location for development and introduction of new density into the thriving Hintonburg area.

While three parcels are available at the Wellington-Parkdale intersection (1166 Wellington, 407 Parkdale, & 417 Parkdale) only 1166 Wellington 407 Parkdale were selected for this development due to their similar zoning (TM11 [1947] and TM11 respectively) which allow for heights of 9 storeys and 6 storeys respectively. The zoning similarity of these sites provides a unique opportunity for the rezoning of 407 Parkdale to allow for the 1947 exception, and thus an extra 3 storeys for a total of 9 storeys across the entire site. The site directly south of the two aforementioned parcels, 417 Parkdale, was not included due to its residential zoning and its subsequent height limit of 14.5m (3-4 storeys).

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1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

The inclusion of 417 Parkdale would reduce the likelihood of rezoning the entire site to provide 9 storeys; the R4M zone would very likely not be approved for this increase in height due to proximity to residential buildings to the south. The exclusion of 417 Parkdale allows for a buffer between the proposed development and the existing residential structures south of the site. This buffer area will be highly landscaped and provide a pedestrian-oriented space connecting to the existing green space to the east of the site.

2.2 SITE CONTEXT The site is located in the bustling hub of the Hintonburg neighbourhood in Ward 15 - Kitchissippi, at the intersection of Wellington Street West and Parkdale Avenue in the City of Ottawa. Located 350m to the south is the Parkdale entrance to Highway 417, which runs east-west. Tunney’s Pasture bus station and the transitway is situated 750m north of the site, within 10 minutes walking distance.

The site is bordered by a Salvation Army long term care facility to the east, a seniors residence to the south, an apartment building, church, and Pharma Plus to the west, and a mixed use midrise and high rise apartment building to the north. The property is well located and has many nearby amenities and linkages to the rest of the City of Ottawa.

2.2.1 ZONING INFORMATION 1166 Wellington is zoned as Traditional Mainstreet 11, exception 1947 and 407 Parkdale is zoned as Traditional Mainstreet 11. An application for a minor zoning amendment will be filed to have exception 1947 applied to the 407 Parkdale property.

As per Schedule 1 to Zoning By law 2008-250, these properties falls in Area B (Inner City Area).

Zoning By law TM11 [1947]: Traditional Mainstreet Subzone 11 Exception 1947: The setbacks of 198(11) do not apply and the following setbacks apply: • Minimum setback from a lot line abutting Wellington Street: 2.5 m • Minimum setback from a lot line abutting Parkdale Ave: 1.0 m • Maximum building height of 9 storeys or 30 m, whichever is less • Subclause 198(11)(b)(ii) [for a building that is over 4 storeys in height that part of the building above the 3rd storey or above 12.0 m has a min front yard setback for 2 m] does not apply • Clause (e) of Table 197 [min corner side yard setback of 3 m, except for any part of the building above 15 m for which an additional 2 m setback] does not apply

2.2.2 O FFICIAL PLAN LAND USE DESIGNATION The subject lot is designated as Traditional Mainstreet on Schedule B of the city of Ottawa Official Plan.

The Traditional Mainstreet designation as explained in Section 3.6.3 of the Official Plan permits uses such as residential, retail, service commercial, office and institutional, often buildings are mixed use with commercial at grade and residential above. Areas under this designation offer potential for significant intensification working towards pedestrian-friendly areas via mixed uses and compact developments. Typically they are of a more dense urban fabric, smaller scale buildings with frontages responding the street.

Policy 8 of section 3.6.3 encourages infill development on Traditional Mainstreets to contribute to intensification.

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2.2.3 C OMMUNITY DESIGN PLAN & SECONDARY PLAN The Community Design Plan (CDP) sets forward a directive to maintain and enhance the existing uses on Wellington Street West. It envisions a pedestrian and transit friendly, accessible community. It identifies general planning and design guidelines in order to encourage and protects views at mainstreet gateways and to enhance the vision for the area to become a sustainable, vibrant centre for the Ottawa community.

2.3 SURROUNDING AREA The Hintonburg community is a compact, bustling neighbourhood featuring many amenities and uses. Within a 100m radius of the site the following can be found: Restaurants Fitness • Belle Via Cafe • Martial Arts Academy Shopping • Rexall Pharma Plus • Parkdale Produce Market (Seasonal) Healthcare • Stella’s Beauty Salon • Ly Denture Clinic • Salvation Army Long Term Care Facility

Gas Stations • Petro Canada Religious Institutions • Parkdale United Church • St. Albertus Church • Knights of Columbus Council

Within a 500m radius of the site the following can be found: Restaurants • The Carleton • Holland’s Cake and Shake • Hintonburger • Tennessy Williams • Oyster House and Tavern • Za Za Za • Bridgehead • Fil’s Diner • Daniel O’Connel’s • Siam Bistro • Royal Oak Shopping • Mac’s Convenience Store • Nursing Shop • The Record Centre • Audio Video Centre • Giant Tiger • Home Hardware • Global Pet Foods • Wild Willy’s Plants & Flowers • Used Sports Equipment • Morris Formalwear • Various fashion boutiques

Healthcare • Barber Shop • The Hair Committee Salon • Medical Clinic • Wellington Drug Store Fitness • Free Form Fitness Services • Auto repair shops • Legal Tax Services • Locksmith • Driving School • Cleaners • Canada Post • CAA Travel • RBC • TD Bank • Money Mart Institutions • Roman Catholic Church • Hintonburg Community Centre Entertainment • Irving Greenbers Theatre Centre 9

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

One can access a variety of necessary services within walking distance, including a range of small stores filling shopping needs and many restaurants for eating. A community centre and two public schools are closeby; French Catholic School Saint-François-d’Assise and Connaught Public school, both teaching children from kindergarten to grade 6. Many civic services are nearby as well, such as churches, a library and community centre. Smaller grocery stores are nearby, with a large Metro just outside of the 500m radius. The nearest hospital is located 1.5km south; The Ottawa Hospital. Refer to Proximity Diagram.

2.3.1 NEIGHBOURHOOD LAND USE The 500 metre radius surrounding area is predominantly residential. Wellington Street West provides the dominant mixed-use and commercial buildings, while Parkdale and Holland Ave also provide a notable amount of mixed-use space. Civic and institutional buildings are mostly situated within the subject property block but are also scattered in between residential buildings in the form of schools and churches. The Parkdale Park is located within a 200 m radius, with 4 other parks located within a 500 m distance.

The following summarizes land uses located in close proximity: North The adjacent property bordering the north end of the site consists of a parking lot, located at the corner of Wellington St W and Parkdale Ave. Further north around 100 m, there is a Petro Canada on the west-north-west corner of the Parkdale and Wellington intersection. Parkdale Park is located north-west of the Petro Canada, along with the Parkdale Market - both within a 200 m radius. The immediate north of the subject property mainly consists of low rise buildings with the exception of the northeast corner of Parkdale and Wellington which houses two mid-high mixed-use buildings.

East The area east of the subject property houses the Salvation Army Grace Manor nursing home within a 100 m radius.

Farther east there is the Connaught Public School and the Ottawa Library (Rosemount Branch). The rest of the development in the immediate east is low-rise residential.

South South of the subject property is Abbeyfield House - a 2-storey senior’s residence. Farther south from the residence is the Parkdale United Church. The rest of the immediate neighbourhood to the south mostly consists of low-rise residential buildings. At 400 m south, there is a ramp to the 417 Queensway provincial highway.

West The buildings across the street to the west of the subject site are: Rexall Pharma Plus, St. Albertus Church, and a 13-storey high-rise apartment building. Farther west, there are many retail stores and restaurants located along Wellington St with residential low-density buildings north and south of Wellington.

Refer to attached Land Use Diagram.

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SURGE DEVELOPMENTS

2.3.2 PARKS & OPEN SPACES The surrounding neighbourhood has several parks within a 500m radius. The following parks are nearby, beginning with closest proximity to 1166 Wellington Street West.

1.

2.

3.

4.

5.

6.

7.

Parkdale Park McCormick Park Hintonburg Park Byron Linear Tramway Park Fisher Park Stirling-Carruthers Park Reid Park

Refer to attached Land Use Diagram.

2.3.3 T RANSPORTATION The site sits on Parkdale Avenue, which is a connecting road to highway 417 to the south and to the Sir John A. Macdonald Parkway to the north which provides access both towards and away from the Ottawa downtown core or Gatineau.

The site sits very close to OC Transpo bus route 2 running east/west via Wellington Street West, and route 14 via Gladstone Street, just south of the site. Three blocks West of the site, along Holland Avenue, bus route 16, 86 and 176 are serviced.

Approximately 600 m north of the site is the rapid transitway, with major bus station Tunney’s Pasture which provides connection to many bus routes providing access to Barrhaven, Kanata, Orleans, South Keys, as well as downtown Ottawa and Gatineau.

Wellington Street is a designated cycling route for the city, along with Gladstone Street to the south, Spencer Street and Armstrong Street to the North.

Refer to attached Circulation Diagram.

2.3.4 U RBAN PATTERN The majority of the surrounding area is comprised of low-rise buildings. Almost all the mid-rise and high-rise buildings sit in close proximity to Wellington Street West, with exception to a mid-rise residential complex and two mid-rise office towers to the North of the site. This urban fabric is very closely correlated to the land use of the neighbourhood, being it mainly low rise residential.

Refer to attached Urban Pattern Diagram.

2.3.5 F UTURE & CURRENT NEARBY PROPOSALS Many development proposals are currently underway in Hintonburg which will revitalize the area and take advantage of it’s prime location and compact neighbourhood. The majority of proposals for the area are mixed use, residential, or commercial.

The following are just a few examples of recent proposals in the surrounding area. Refer to attached Future & Current Proposal Diagram.

11

1166 WELLINGTON STREET WEST

12

SURGE DEVELOPMENTS

1. 121 PARKDALE 121 Parkdale Avenue • 32 storey residential condo, 230 units • Developer: Brigil Construction Architect: Roderick Lahey Architect Inc • Status: Pre-sales

• Price Range: Unknown

2. ATTIKA 3 Hamilton & 233 Armstrong • 8 & 18 Storey Condos with 1600m² commercial and 1500m² offices • Developer: Tega Homes • Architect: Open Plan Architects Inc. • Status: On Hold • Price Range: TBD

3. 1040 SOMERSET 1040 Somerset St. W. • 30 Storey Mixed Use Tower & 23 Storey Condo • Developer: Claridge • Architect: Architects Alliance • Status: Pre-construction • Price Range: Unknown

4. HINTONBURG STATION 12 Stirling Avenue • 19 Storey Condo, Four 3 Storey Townhouses, 3 Storey Adaptive Reuse (9 Lofts) • Developer: Morley Hoppner Group Inc. • Architect: Barry J. Hobin • Status: Pre-construction • Price Range: $789K-$860K

5. 250-274 PARKDALE 250-274 Parkdale, 1518 Scott, 9-15 Bullman • Two 25 Storey Residential and Commercial Condos • Developer: Richcraft Homes • Architect: Roderick Lahey Architect Inc. • Status: Application Pending • Price Range: Unknown

6. 1445 & 1451 WELLINGTON 1445 & 1451 Wellington • 12 Storey Condo (114 Units) with Ground Floor Commercial • Developer: Mizrahi Developments • Architect: IBI Group Architects • Status: Application Pending • Price Range: Unknown

7. THE EDDY 1000 Wellington • 6 Storey Condo (52 Units) • Developer: Windmill Developments • Architect: Christopher Simmonds Architect • Status: Completed • Price Range: $339K-$500K

8. 178 CARRUTHERS 178 Carruthers Ave • 4 Storey Low Rise Apartment (21 Units) • Developer: 178 Carruthers Property Inc. • Architect: Golden Rock Architecture Inc. • Status: On Hold • Price Range: Unknown

1166 WELLINGTON STREET WEST

9. HOLLAND CROSS EXPANSION 1560 Scott Street • 12 Storey Office Building • Developer: Colonnade • Architect: N45 Architecture • Status: Pre-construction • Price Range: Unknown

SURGE DEVELOPMENTS

10. MECHANICSVILLE LOFTS 92 Stonehurst Avenue • 4 Storey Residential (6 Units) • Developer: Modbox • Architect: Linebox Studio • Status: Construction • Price Range: $460K-$800K

11. TAMARACK WELLINGTON 1140 Wellington Street • 6 Storey Condo (52 Units) • Developer: Tamarack Homes • Architect: Barry J. Hobin • Status: Construction • Price Range: $270K-$530K

12. METRO HOMES TOWNHOUSES 37 Ladouceur & 53 Merton • 3 Storey Townhouse (8 Units) • Developer: Metro Homes • Architect: Christopher Simmonds Architect • Status: Pre-construction • Price Range: Unknown - Sold Out

13. 84-96 HINTON AVENUE APARTMENTS 84-96 Hinton Avenue • One 4 Storey & Three 5 Storey Residential Units • Developer: Takyan Consulting & Development • Architect: Bohacek Associates Inc. • Status: Application Pending • Price Range: Unknown

14. 99 PARKDALE AVENUE 99 Parkdale Avenue • 28 Storey Residential Condo (176 Units) • Developer: Urbandale Construction • Architect: Barry J. Hobin Associates • Status: Pre-Sale • Price Range: $33,000-$1,700,000

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2.3.6 PROXIMITY DIAGRAM 1166 WELLINGTON STREET WEST

MARCHÉ MARCHÉ HINTONBURG HINTONBURGMARCHÉ MARKET MARKETHINTONBURG MARKET

PARKDALE PARKDALE MARKET MARKET PARKDALE (SEASONAL) (SEASONAL)MARKET (SEASONAL) MART VARIETY

m

0m 10 0

10

2

m

2

50 0m 50 0

2

50 0m

QUEENSWAY QUEENSWAY PRESCHOOL PRESCHOOL QUEENSWAY PRESCHOOL

m

14

m 50

176

14

14

50

176

176

m

EMULSIFY EMULSIFY

CONNAUGHT CONNAUGHT PUBLIC SCHOOL PUBLIC SCHOOL CONNAUGHT PUBLIC SCHOOL

50

16

EMULSIFY

0m

16

16

OTTAWA OTTAWA PUBLIC LIBRARY PUBLIC LIBRARY OTTAWA PUBLIC LIBRARY

2

10

86

MART VARIETY MART VARIETY 2

2

WELLINGTON WELLINGTON MEDICAL CLINIC MEDICAL CLINIC WELLINGTON 86 86 MEDICAL CLINIC

ÉCOLE ÉLÉMENTAIRE ÉCOLE ÉLÉMENTAIRE CATHOLIQUE CATHOLIQUE ÉCOLE ÉLÉMENTAIRE CATHOLIQUE

TRANSIT

TRANSIT

MEDICAL MEDICALTRANSIT EDUCATION MEDICAL EDUCATION VIRTUCAR EDUCATION VIRTUCAR PARK VIRTUCAR PARK GROCERYPARKGROCERY SITE GROCERY SITE

14

SITE

1:5000

1:5000 1:5000

1166 WELLINGTON STREET WEST

2.3.7 LAND USE DIAGRAM 1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

6 6

MARCHÉ HINTONBURG MARKET

3 3

2 PARKDALE MARKET (SEASONAL)

2

ÉCOLE ÉLÉMENTAIRE CATHOLIQUE

1MART VARIETY OTTAWA PUBLIC LIBRARY

1 2

0m

10

86

WELLINGTON MEDICAL CLINIC

16 14

176

QUEENSWAY PRESCHOOL

2

50 0m

4

50

m

EMULSIFY

CONNAUGHT PUBLIC SCHOOL

4

7 7

5 5 TRANSIT

MEDICAL

INSTITUTIONAL + CIVIC

EDUCATION COMMERCIAL (OFFICE + RETAIL) CIVIC VIRTUCARINSTITUTIONAL MIXED USE +(RESIDENTIAL OVER RETAIL) COMMERCIAL PARKS (OFFICE + RETAIL) USE (RESIDENTIAL OVER RETAIL) GROCERYMIXED RESIDENTIAL PARK SITE

PARKS SITE RESIDENTIAL SITE

1:5000

1:5000 1:5000

15

1166 WELLINGTON STREET WEST

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2.3.8 CIRCULATION DIAGRAM 1166 WELLINGTON STREET WEST

MARCHÉ HINTONBURG MARKET

PARKDALE MARKET (SEASONAL)

ÉCOLE ÉLÉMENTAIRE CATHOLIQUE MART VARIETY OTTAWA PUBLIC LIBRARY 2

WELLINGTON MEDICAL CLINIC

10

0m

86

16 14

176

2

50 0m

QUEENSWAY PRESCHOOL

50

m

EMULSIFY

CONNAUGHT PUBLIC SCHOOL

MINOR INTERSECTION

MAJOR INTERSECTION TRANSIT

REPRESENTATIVE BLOCK SIZE

BICYCLE ROUTE MEDICAL BUS ROUTE MINOR INTERSECTION EDUCATION417 HIGHWAY MAJOR INTERSECTION VIRTUCAR PRIMARY STREET REPRESENTATIVE BLOCK SIZE PARK SECONDARY BICYCLE ROUTE STREET GROCERY LOCAL STREET BUS ROUTE SITE SITE 417 HIGHWAY PRIMARY STREET 16

SECONDARY STREET

1:5000

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

2.3.9 URBAN PATTERN DIAGRAM 1166 WELLINGTON STREET WEST

MARCHÉ HINTONBURG MARKET

PARKDALE MARKET (SEASONAL)

ÉCOLE ÉLÉMENTAIRE CATHOLIQUE MART VARIETY OTTAWA PUBLIC LIBRARY 2

0m

10

16 14

176

m

EMULSIFY

CONNAUGHT PUBLIC SCHOOL

2

50 0m

QUEENSWAY PRESCHOOL

50

86

WELLINGTON MEDICAL CLINIC

TRANSIT

MEDICAL

HIGH RISE (10+ LEVELS) EDUCATION HIGH RISE (10+ LEVELS) VIRTUCARMID RISE (5-9 LEVELS) MID RISE (5-9 LEVELS) LOW RISE (1-4 LEVELS) PARK LOW RISE (1-4 LEVELS) GROCERYSITE SITE SITE

1:5000

1:5000 1:5000

17

1166 WELLINGTON STREET WEST

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2.3.10 FUTURE & CURRENT PROPOSALS 1166 WELLINGTON STREET WEST 14 1

10

3 4

7

8

12

9

11

2

11

50

m

10

0m

13

2

10 00 m

50 0m

6

CURRENT DEVELOPMENT FUTURE DEVELOPMENT CURRENT DEVELOPMENT SITE

FUTURE DEVELOPMENT SITE

18

1:2500 1:2500

1166 WELLINGTON STREET WEST

2.4

SURGE DEVELOPMENTS

SITE PHOTOS

KEY PLAN IDENTIFYING VIEWS OF SITE

1 6

9 13 5

TW

WE

4

12 16

8

14

7

15

LE KDA PAR

N GTO N I LL

EE STR

EST

11

10

AVE

2

21

3

17

20 19 22 23

18

26

24 28 27 25 PANORAMIC VIEWS OF SITE

1. View of north side of site.

2. View of east side of site.

3. View of 1166 Wellington parcel from centre of east side of site.

19

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

VIEWS FROM NORTH-WEST CORNER

4. View of Wellington-Parkdale intersection from NW corner of site

5. View of intersection from NW corner of site

7. View of 1166 Wellington parcel from NW corner

20

6. View of Parkdale Market from NW

8. View of site from NW corner

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

VIEWS FROM NORTH-EAST CORNER

9. View towards W from NE

.

12. View of site from NE corner.

10. View of mid rise from NE

11. View of high rise from NE

13. View of site from north.

21

1166 WELLINGTON STREET WEST

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VIEWS FROM THE EAST

14. View of Salvation Army from centre east

16. View of 1166 Wellington parcel from centre east

22

15. View of pathway from centre east

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

VIEWS FROM SOUTH-EAST CORNER

17. View of green space from SE corner of site

18. View looking away from SE corner of site

19. View looking away from SE corner of site

20. View of 407 Parkdale parcel from SE corner

21. View of 407 Parkdale parcel from SE corner 23

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

VIEWS FROM SOUTH-WEST CORNER

22. View looking toward Parkdale/Wellington from SW corner.

23. View of church & high rise from SW corner

24. View of high rise & adjacent building from SW corner

25. View looking south from SW corner of site

26. View of residential parcel south of site

27. View of residential parcel south of site

28. View of existing building on site from SW

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2.5 PROPOSAL FITTING INTO CONTEXT MARKETING ANALYSIS – DEVELOPMENTS IN SURROUNDING AREA 2.5.1 MARKET ANALYSIS THE EDDY (WINDMILL The surrounding real estateDEVELOPMENTS) market is comprised of many building types, primarily commercial and residential. As 52 Units – 6 Storeys MARKETING ANALYSIS – DEVELOPMENTS IN SURROUNDING AREA the Hintonburg area is currently growing and thriving, many developers are attempting to build in the nearby area.

MARKETING ANALYSIS – DEVELOPMENTS INdetermine SURROUNDING AREA Three nearby new developments were analysed to comparable units and rates: The Eddy, Tamarack Unit Type and # of&Units Size (Sq. Ft.) Price Vacancies Price/ Sq. Ft. THE EDDY (WINDMILL DEVELOPMENTS) Wellington, Yard Station.

THEUnits EDDY DEVELOPMENTS) 52 – 6(WINDMILL Storeys Studio 3 Unknown

THE EDDY (WINDMILL DEVELOPMENTS) Units – 6 Storeys 152Bedroom 21 641 – 755 52 Units – 6 Storeys

Unit Type # of Units Unit Type # of Units 3 1Studio Bed + Den 9 3 1Studio Bedroom 21 1 Bedroom 21 2 Bedroom 14 1 Bed + Den 9 12 Bed Bed + + Den Den 9 5 2 Bedroom 14 2 Bedroom 14 TAMARACK WELLINGTON 2 Bed + Den 5 52 Units 6 Storeys 2 Bed + –Den 5

Size (Sq. Ft.) Size–(Sq. Unknown 815 876Ft.) Unknown 641 – 755 641 ––755 1060 Unknown 815 – 876 815 925 – 876 1079 1060 – 1060 – Unknown Unknown 925 – 1079 925 – 1079

Unknown $299 800Price 674 $339 Price 900Unknown $384 Unknown $399 960 $299 800$299 674 800 $339 $499 560–$339 674 Unknown $384 900$384 $399 960 $454 900 200$399 550 960 $491 $499 560– $499 560– Unknown Unknown $454 200$454 550 200$491 $491 550 Price $274 400$386 900 Price $389 400Price $529 $274 900 400$274 900 400–$386 900 $461 $386 400 900Unknown $389 $389 900 400$529 $529 900 900– $461 $461 900 – Unknown Unknown

Unit Type WELLINGTON # of Units Size (Sq. Ft.) TAMARACK TAMARACK TAMARACK WELLINGTON Units – 6WELLINGTON Storeys 152 Bedroom 24 518 – 781 5252Units – 6 Storeys Units – 6 Storeys Unit Type # Size 2 Bedroom 20of Units 754 –(Sq. 974Ft.) Type # of Units Size 1Unit Bedroom 24 518 –(Sq. 781Ft.) 1 Bedroom 24x 2 518 – 1181 781 Penthouse 7 777 Bedroom 2 Bedroom 20 754 – 974 2 Bedroom 754 – 974 120x 1 Bedroom Penthouse 7x2 777 – 1181 Penthouse 7x2 777 – 1181 Bedroom Bedroom 1x1 1x1 Bedroom Bedroom YARD & STATION (PART OF HINTONBURG STATION) YARD & STATION (PART OF HINTONBURG STATION) 9 Lofts 9 Lofts

Unit Type # of UnitsOF HINTONBURG Size (Sq. Ft.) STATION) Price YARD & STATION (PART YARD 9 Lofts&2 STATION 3 Bed, Bath 4 (PART OF HINTONBURG 2036 – 2464 STATION) Unknown 9 Bed, Lofts 2 Bath 2 2 1947 – 2095 $860 000 Unit Type # of Units Size Ft.) Unknown Price Penthouse 3 2689(Sq. – 3210 Unit Type # xof3B, Units Ft.) Unknown Price 3 Bed, 2 Bath 14 2036(Sq. – 2464 3B, + Size 3 Bed, 2 Bath 4 2036 – 2464 Terrace 2 2 1947 2095 Unknown $860 000 2 Bed, 2 Bath 2 $860 000 Penthouse 3 x 2B, 2B, + 1947 2689 – 2095 3210 Unknown Terrace Penthouse Unknown 13 x 3B, 3B, + 2689 – 3210 1 x 3B, 3B, + sq. ft./month Condo Fees: Sq.$0.26/ Ft/month Condo Fees: $0.26/ Terrace Terrace Parking Storage: $35 2$35 x 2B, 2B,000 + Parking && Storage: 000 2 x 2B,$30/month 2B, + Monthly Parking: Terrace Monthly Parking: $30/month Condo Fees: Terrace $0.26/ sq. ft./month Condo ParkingFees: & Storage: $0.26/ $35 000sq. ft./month

None 3 Vacancies Vacancies None 2 None 3 13 2 2 4 1 1 4 4

Unknown $450 - $502 Price/ Sq. Ft. Price/- Sq. Ft. Unknown $457 $472 Unknown $450 - $502 $450 -– $502 $471 Unknown $457 - $472 $457 $456 - $472 $516 $471 – $471 – Unknown Unknown $456 - $516 $456 - $516

Vacancies 10

Price/ Sq. Ft. $495 - $530

Vacancies 9 Vacancies 10 10 4 9 9 4 4

Price/ Ft. $516 - Sq. $544 Price/ Ft. $495 - Sq. $530 $495 - $530 $594 Unknown $516 - $544 $516 - $544 $594 $594 Unknown Unknown

Vacancies None 1 Vacancies None Vacancies None None 1 1None None

Price/ Sq. Ft. Unknown $444 Price/ Sq. Ft. Unknown Price/ Sq. Ft. Unknown Unknown $444 $444 Unknown Unknown

25

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

The Eddy, which includes 52 units made up of Studios, 1 Bedrooms (+ Den), and 2 Bedrooms (+ Den), has sold 80% of its units and was recently completed. Tamarack, which includes 52 units made up of 1 Bedrooms, 2 Bedrooms, and Penthouses, has sold 55% of its units and is in the construction phase. Yard & Station, which includes 9 loft units ranging from 2 Bedroom to Penthouse, has sold 90% of its units and is currently in the preconstruction phase.

2.5.2 DEMOGRAPHICS

RENTER-OCCUPIED

55%

45%

OWNER-OCCUPIED

OCCUPANCY PER HOUSEHOLD

48%

52%

<19 YEARS

14.8%

20-34 YEARS

23.4%

AGE DISTRIBUTION

3298 FEMALE

SEX DISTRIBUTION

3068 MALE

35-64 YEARS

46.5% 65+ YEARS

15.3%

53%

30%

10%

7%

1 PERSON

2 PEOPLE

3 PEOPLE

4+ PEOPLE

The Hintonburg area has a combination of different zoning types. The main streets, which include Wellington St West and Parkdale Avenue, support mainly commercial or mixed use zones with a main floor commercial area and residential above. The majority of the surrounding streets are residential zones and therefore have a mix of single detached, semi-detached and row homes. The occupants of the area are primarily young professionals or retirees ranging from age 25-64 and there are therefore very few families with children in the area. Over 50% of the areaâ&#x20AC;&#x2122;s residences are single occupancy and almost 30% of the residences are double occupancy. The area is also split almost equally between occupant owned dwellings and rental properties.

26

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

2.5.3 CONCLUSIONS: MARKET & DEMOGRAPHIC Based on these comparable developments and demographic data, we have decided that our development will be divided into bachelors, one bedroom, and two bedroom units, with a higher number of bachelor and one bedroom units. Any larger units would be unnecessary, as families with children or larger occupant groups would typically reside in single family homes, of which there are an abundance of in the surrounding area. While lofts and penthouses seem to be selling quite well within the Tamarack and Yard & Station developments, unfortunately the market for these types of units is fairly small and it would be unlikely that our development would be able to capture a high percentage of this market following construction of the other two buildings. We believe that with a higher percentage of bachelors, one bedrooms, and two bedrooms, we will effectively capture a large percentage of the young professional population.

Based on our analysis, which shows that 55.3% of the surrounding population rents while the other 44.7% owns, we are proposing to incorporate 3 floors of rental units in addition to 5 floors of condominium units. With our rental units we are aiming to capture those individuals who are not seeking a long term commitment, namely young professionals and students. As the site is located within 5 minutes proximity to 5 different bus routes and 10 minutes from Tunneyâ&#x20AC;&#x2122;s Pasture station (which is one station away from the Bayview O-Train station), we believe that our site provides a close residence for Carleton University students in particular. Our inclusion of rental units will allow for a higher capture rate of the young population than other developments; comparable new developments in the area, specifically the Eddy and Tamarack Wellington, do not provide any rental units.

Our development will also fit into the existing market with the inclusion of ground floor commercial space. With the prime location at the intersection of Wellington & Parkdale, commercial units will provide additional density and amenities to the already thriving neighborhood. The ground floor commercial area will provide a great opportunity for retailers and other commercial tenants to plant roots in a dense, diverse community.

2.5.4 HOW PROPOSAL FITS INTO SITE A new 9 storey mixed use building with residential and commercial uses would fit very well into the existing context of the site. As previously mentioned, much of the surrounding area sports commercial and residential uses, specifically within the Wellington Traditional Mainstreet zone. Directly to the north and east of the site are four other mixed use high rise buildings, and thus our development will fit in seamlessly. The ground floor commercial space will tie in with the surrounding buildings at the Wellington-Parkdale intersection, which include ground level retail and other amenities.

Many of the surrounding buildings are made of glass, stone, brick, and other masonry. Our structure will be cladded primarily using masonry and glass, enabling integration and creating a continuity in the existing urban fabric. The site will be landscaped to encourage pedestrian circulation, also in keeping with the surrounding neighborhood.

Overall our development promotes pedestrian circulation and access, incorporates business and shopping development, and ensures street continuity and compatibility, all of which are in keeping with the objectives of the Traditional Mainstreet zoning.

27

ZONING INFORMATION PIN: WARD: NEIGHBOURHOOD: ZONE:

Y

RE

TO

-S G2

IN

T XIS

E

COMBINED LOT AREA:

.W

T NS

O GT 000 N I 48 LL 0

WE

0

420

0

500

TB

SE

:2

K AC

TY

ON

FR

D AR

.5m

00 320

R

N

STI

EXI

C

EY

TOR

-S G3

GENERAL NOTES 040930238, 040930005, 040930006 15 HINTONBURG-MECHANICSVILLE TM11 - TRADITIONAL MAINSTREET, EXCEPTION 1947 3069 m²

MIN. FRONT YARD SETBACK: (ABUTTING WELLINGTON ST.) MIN. SETBACK ABUTTING PARKDALE: MIN. INTERIOR SIDE YARD SETBACK: MIN. CORNER YARD SETBACK: MIN. REAR YARD SETBACK: MAX. BUILDING HEIGHT:

MAX BUILDING FOOTPRINT: PROPOSED LOT COVERAGE: PROPOSED LOT FRONTAGE:

ER DS m

K: 1

AC

ETB

LE AV E

1 SP1

DA

E. AV

IN

IST

EX

NORTH ARROW

STAMP

LEGEND

000

47

PROPERTY LINE

EXISTING LIGHTPOLE

PROPOSED BUILDING

EXISTING UTILITY POLE WITH STREET LIGHT

CONTOUR LINE

EY

TRAFFIC SIGNAL BICYCLE POST

RAISED PLANTER

PROPOSED FLOOR 1

CITY-OWNED STATUE

PROPOSED FLOOR 2 - 4

ELECTRICAL BOX

PROPOSED FLOOR 5

CATCH BASIN

PROPOSED FLOOR 6

FIRE HYDRANT

PROPOSED FLOOR 7

EXISTING SITE PLAN

EXISTING CHAIN-LINK FENCE TO BE REMOVED

PROPOSED FLOOR 8 PROPOSED FLOOR 9

C

COMMERCIAL ENTRANCE

DEVELOPMENTS

BOLLARD

EXISTING VEGETATION

EY OR -ST L 2 A ING ENTI IST EX RESID

FIRM NAME

EXISTING UTILITY POLE

EXISTING BUILDING TO REMAIN

G2

RK

LE DA

= 90 SPACES

GL

.

VE

EA

N STO

AD

.N

RK

= 81 SPACES

TOTAL BICYCLE SPACES :

IN

W

PA

VE

PA

RESIDENTIAL BICYCLE SPACES: 0.5 SPACES PER UNIT 0.5 SPACES X 162 UNITS

BUILDINGS TO BE DEMOLISHED

R STO

NA

= 9 SPACES

T.

NS

O GT

LL

WE

135 SPACES 144 SPACES

COMMERCIAL BICYCLE SPACES: 1 SPACE PER 250m² 1 SPACE X (2307m²) 250m²

0 600

= 54 SPACES

= 81 SPACES

TOTAL REQUIRED PARKING SPACES: TOTAL PROPOSED PARKING SPACES:

23/11/15 RD 03/11/15 RD 06/10/15 SB DATE REV. BY

KEY PLAN

MIL

00

570

G DIN UIL VED B ING MO IST E RE X E OB T

PARKING & BICYCLE PROVISIONS COMMERCIAL PARKING: 2.5 SPACES PER 100m² AFTER FIRST 150m² SPACES = 2.5 X (2307m² - 150m²) 100m² RESIDENTIAL PARKING: 0.5 SPACES PER UNIT SPACES = 0.5 X 162 UNITS

P

C

2307 m² 75% 42 m (WELLINGTON) 47 m (PARKDALE)

5 4 3 REVISED GFA 2 REVISED 1 SITE PLAN ISSUED FOR REVIEW NO. DESCRIPTION REVISIONS

HA

00

470

R

ALL DIMENSIONS ARE IN MILLIMETERS UNLESS OTHERWISE NOTED. ALL DIMENSIONS TO BE CHECKED AND VERIFIED ON SITE. DO NOT COPY. DO NOT SCALE.

2307 m² 12 974 m²

TO

R 9 15m E OO FL BOV A K C BA ET R7 S D OO AR FL Y R6 AR OO RE FL R5 OO FL -4 S1 R OO FL

00

AR

300

EY

SID :4

4. EXISTING TREES ON SITE REMOVED

1.0 m NONE N/A 7.5 m 9 STOREYS or 30 m

PROPOSED NUMBER OF UNITS: 162

RN

CO

0

500 )

3m

(+ 5°

3. ADVERTISEMENT SIGN ON SITE REMOVED

5. EXISTING CATCH BASINS ON SITE REMOVED

2.5 m

PROPOSED HEIGHT: 28 m

C R

2. CHAIN-LINK FENCE ON SITE REMOVED

PROPOSED GROSS FLOOR AREA FLOOR 1: 2307 m² FLOOR 2- 4: 1726 m² FLOOR 5: 1745 m² FLOOR 6: 1652 m² FLOOR 7: 1558 m² FLOOR 8: 1466 m² FLOOR 9: 1375 m² TOTAL GFA: 15 281 m² PROPOSED BUILDING USE GROUND FLOOR (COMMERCIAL): FLOORS 2-9 (RESIDENTIAL):

C

1. EXISTING LIGHT POLES ON SITE REMOVED

R P

RESIDENTIAL ENTRANCE

PROJECT NAME

THE WELL - MIXED USE DEVELOPMENT PROPOSAL 1166 WELLINGTON ST. W & 407 PARKDALE AVE OTTAWA, ON TITLE

DRAWN CHECKED

PARKING ENTRANCE

SCALE

SITE PLAN SB RD 1:500

DATE DATE PAGE SIZE

06-10-15 TABLOID

PROJECT

15-001

SHEET

SP1

1166 WELLINGTON STREET WEST

4.0

PARKING LEVEL 2-3 1

4.1

DESIGN PACKAGE 2

3

4

4x

5

5x

6

7

SURGE DEVELOPMENTS 8

9

FLOOR PLANS

TYPICAL UNDERGROUND PARKING LEVEL B2 - B3

1

2

3

4

4x

5

5x

6

7

8

9

Ax A Bx

LOCKER ROOM

B

RECYCLE ROOM

GARBAGE ROOM

Ax A C

Bx

Cx

LOCKER ROOM

B

BICYCLE STORAGE

BICYCLE STORAGE

D

C E

ELECTRICAL ROOM

Cx

MECHANICAL ROOM D F

BICYCLE STORAGE E

BICYCLE STORAGE

G

Gx

F

H

G I Ix

Gx H

I Ix

• Available parking spaces per floor: 48 • Available lockers per floor: 37 • Total spaces: 96 • Total lockers: 74

1:350

31

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

PARKING LEVEL 1

PARKING 1

2

LEVEL B1

1

3

4

2

4x

3

5

4

5x

4x

6

5

7

5x

8

6

7

9

8

9

Ax A Bx

LOCKER ROOM

B

RECYCLE ROOM

GARBAGE ROOM

Ax A Bx

C Cx

B

LOCKER ROOM

GARBAGE ROOM

RECYCLE ROOM

D

C

ELECTRICAL ROOM

Cx

E

MECHANICAL ROOM D F

ELECTRICAL ROOM E

MECHANICAL ROOM

G

Gx

F

H

G I Gx

Ix

H

I Ix

• Available parking spaces: 48 • Available lockers: 37 32

1:350

GROUND FLOOR

1166 WELLINGTON STREET WEST

GROUND FLOOR LEVEL 1

1

2

3

4

4x

5

5x

6

7

W E L L IN G T O

SURGE DEVELOPMENTS

8

9

N S T. W

Ax A Bx

LOCKER ROOM

B

GARBAGE ROOM

RECYCLE ROOM

C

LOADING ZONE

Cx

CRU UNIT 1 5411 SQFT

F

ELECTRICAL ROOM

PARKDALE AVE.

E

CRU UNIT 3 9798 SQFT

MECHANICAL ROOM

PARKD ALE AVE.

D

G

Gx

CRU UNIT 2 3929 SQFT

H

I UP

Ix UP

• Residential lobby & commercial space • Rear underground parking entrance • Exterior access to shared exterior rooftop courtyard COMMERCIAL • Total saleable floor area: 19,139 SQFT • Floor efficiency: 77%

ENTRANCE TO UNDERGROUND PARKING

RESERVED SPACE FOR GARBAGE ENCLOSURE

COMMERCIAL 1:350 1:350

33

FLOOR 2

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 2

1

2

3

4

4x

5

5x

6

7

Ax A Bx

LOCKER ROOM

211 700 SQFT

GARBAGE ROOM

210 1082 SQFT

B

212 420 SQFT RECYCLE ROOM

8

9

214 968 SQFT

213 700 SQFT

210 1082 SQFT

215 1097 SQFT

209 876 SQFT

C

SURGE DEVELOPMENTS

20 876 S

216 420 SQFT

Cx

208 700 SQFT 208 700 SQFT

D

207 450 SQFT

217 450 SQFT ELECTRICAL ROOM

218 700 SQFT 206 420 SQFT

E

206 420 SQFT F

204 700 SQFT

G

205 730 SQFT

203 450 SQFT

H

221 450 SQFT LAUNDRY ROOM

LAUNDRY ROOM

Gx

EXTERIOR COURTYARD

MECHANICAL ROOM 219 730 SQFT

D

W

W

203 450 SQFT

204 700 SQFT 222 700LAUNDRY SQFT ROOM D

W

W

201 742 SQFT

W

W

202 771 SQFT

I

D

205 730 SQFT

220 420 SQFT

D

D D

207 450 SQFT

223 1010 SQFT

201 742 SQFT

202 771 SQFT

DN

Ix DN

• Units to be sold to rental company • Shared laundry facilities • Interior access to shared exterior rooftop courtyard 2 BEDROOM (5 UNITS) • Total saleable floor area: 15,694 SQFT 1 BEDROOM (10 UNITS) • Floor efficiency: 84% BACHELOR (8 UNITS) 34

2 BEDROOM (5 UNITS)

1 BEDROOM (10 UNITS) BACHELOR (8 UNITS)

1:350 1:350

FLOOR 3-4

1166 WELLINGTON STREET WEST

TYPICAL FLOOR PLAN 1

LEVEL 3 - 4

2

3

4

4x

5

5x

6

7

Ax A Bx

LOCKER ROOM

311 700 SQFT

GARBAGE ROOM

312 420 SQFT RECYCLE

9

314 968 SQFT

313 700 SQFT

7 310 1082 SQFT

315 1097 SQFT

309 876 SQFT

C

8

ROOM

310 1082 SQFT

B

SURGE DEVELOPMENTS

309 876 SQ

316 420 SQFT

Cx

308 700 SQFT 308 700 SQFT

D

307 450 SQFT

317 450 SQFT ELECTRICAL ROOM

318 700 SQFT 306 420 SQFT

E

306 420 SQFT F

304 700 SQFT

G

Gx H

305 730 SQFT

OPEN TO BELOW

MECHANICAL ROOM 319 730 SQFT

303 450 SQFT

321 450 SQFT

D

W

322 LAUNDRY 700 SQFT ROOM

W

301 742 SQFT

D

W

W

301 742 SQFT

W

W

302 771 SQFT

I

D

303 450 SQFT

304 700 SQFT

D

D D

305 730 SQFT

320 420 SQFT

LAUNDRY ROOM

LAUNDRY ROOM

307 450 SQFT

323 1010 SQFT

302 771 SQFT

Ix

• Units to be sold to rental company • Shared laundry facilities 2• Total BEDROOM (5 UNITS) saleable floor area: 15,694 SQFT/floor 1• Floor BEDROOM (10 UNITS) efficiency: 84% BACHELOR (8 UNITS)

2 BEDROOM (5 UNITS)

1 BEDROOM (10 UNITS) BACHELOR (8 UNITS)

1:350 1:350

35

FLOOR 5

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 5

1

2

3

4

4x

5

5x

6

Ax A Bx

LOCKER ROOM

GARBAGE ROOM

510 700 SQFT

509 1082 SQFT

B

511 420 SQFT RECYCLE ROOM

Cx

504 730 SQFT

503 420 SQFT

G

Gx

502 1320 SQFT

H

509 1082 SQFT

50 1086 S

515 420 SQFT 507 700 SQFT 517 700 SQFT

504 730 SQFT 519 420 SQFT

OPEN TO BELOW

520 1344 SQFT

506 450 SQFT 505 420 SQFT

518 730 SQFT MECHANICAL ROOM

505 420 SQFT F

513 968 SQFT

512 700 SQFT

ELECTRICAL ROOM

506 450 SQFT

E

9

516 450 SQFT

507 700 SQFT

D

8

514 957 SQFT

508 1086 SQFT

C

7

SURGE DEVELOPMENTS

503 420 SQFT

521 1474 SQFT

501 1134 SQF

502 1320 SQFT

501 1134 SQFT

I Ix

• Condominium units 2• Total BEDROOM (8 UNITS) saleable floor area: 16,620 SQFT 1 BEDROOM (6 UNITS) • Floor efficiency: 88% BACHELOR (7 UNITS)

36

2 BEDROOM (8 UNITS) 1 BEDROOM (6 UNITS) BACHELOR (7 UNITS)

1:350 1:350

FLOOR 6

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 6

1

2

3

4

4x

5

5x

6

Ax A Bx

LOCKER ROOM

GARBAGE ROOM

609 700 SQFT

608 1082 SQFT

B

610 420 SQFT RECYCLE ROOM

Cx

608 1082 SQFT

603 730 SQFT

602 1225 SQFT

Gx H

606 700 SQFT 616 700 SQFT

605 450 SQFT 604 420 SQFT

603 730 SQFT 618 420 SQFT

OPEN TO BELOW

619 1103 SQFT

G

60 1086 S

614 420 SQFT

617 730 SQFT MECHANICAL ROOM

604 420 SQFT F

612 968 SQFT

611 700 SQFT

ELECTRICAL ROOM

605 450 SQFT

E

9

615 450 SQFT

606 700 SQFT

D

8

613 957 SQFT

607 1086 SQFT

C

7

SURGE DEVELOPMENTS

620 1198 SQFT

602 1225 SQFT

601 1162 SQFT

601 1162 SQFT

I Ix

• Condominium units 2• Total BEDROOM (8 UNITS) saleable floor area: 15,619 SQFT 1 BEDROOM (6 UNITS) • Floor efficiency: 88% BACHELOR (6 UNITS)

2 BEDROOM (8 UNITS) 1 BEDROOM (6 UNITS) BACHELOR (6 UNITS)

1:350 1:350

37

FLOOR 7

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 7

1

2

3

4

4x

5

5x

6

Ax A Bx

LOCKER ROOM

GARBAGE ROOM

709 700 SQFT

708 1082 SQFT

B

710 420 SQFT RECYCLE ROOM

Cx

8

9

712 968 SQFT

711 700 SQFT

713 1097 SQFT

707 1086 SQFT

C

7

SURGE DEVELOPMENTS

708 1082 SQFT

70 1086 S

714 420 SQFT 706 700 SQFT

706 700 SQFT

D

716 700 SQFT ELECTRICAL ROOM 715 730 SQFT

705 450 SQFT

E

703 730 SQFT

G

702 1014 SQFT

Gx

704 420 SQFT

MECHANICAL ROOM

704 420 SQFT F

705 450 SQFT

OPEN TO BELOW

703 730 SQFT

717 450 SQFT

718 420 SQFT

719 1674 SQFT

702 1014 SQFT

701 899 SQFT

701 899 SQFT

H

I Ix

• Condominium units 2• Total BEDROOM (5 UNITS) saleable floor area: 14,650 SQFT 1• Floor BEDROOM (8 UNITS) efficiency: 87% BACHELOR (6 UNITS)

38

2 BEDROOM (5 UNITS) 1 BEDROOM (8 UNITS) BACHELOR (6 UNITS)

1:350 1:350

FLOOR 8

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 8

1

2

3

4

4x

5

5x

6

7

SURGE DEVELOPMENTS

8

9

Ax A Bx

LOCKER ROOM

GARBAGE ROOM

808 700 SQFT

807 1082 SQFT

B

809 420 SQFT RECYCLE ROOM

812 1097 SQFT

806 1086 SQFT

C Cx

811 968 SQFT

810 700 SQFT

807 1082 SQFT

80 1086 S

813 420 SQFT 805 700 SQFT

805 700 SQFT

D

ELECTRICAL ROOM 814 730 SQFT

804 450 SQFT

E

804 450 SQFT 803 420 SQFT

MECHANICAL ROOM

803 420 SQFT 802 1200 SQFT

F

815 700 SQFT

OPEN TO BELOW

802 1200 SQFT

816 1206 SQFT

817 908 SQFT

801 1000 SQFT

801 1000 SQFT

G

Gx H

I Ix

• Condominium units 2• Total BEDROOM (6 UNITS) saleable floor area: 13,789 SQFT 1• Floor BEDROOM (7 UNITS) efficiency: 87% BACHELOR (4 UNITS)

2 BEDROOM (6 UNITS) 1 BEDROOM (7 UNITS) BACHELOR (4 UNITS)

1:350 1:350

39

FLOOR 9

1166 WELLINGTON STREET WEST

FLOOR PLAN LEVEL 9

1

2

3

4

4x

5

5x

6

7

SURGE DEVELOPMENTS

8

9

Ax A Bx

LOCKER ROOM

B

GARBAGE ROOM

908 700 SQFT

909RECYCLE 420 SQFT ROOM

911 968 SQFT

910 700 SQFT

907 1082 SQFT

907 1082 SQFT

C

912 1097 SQFT

906 1086 SQFT

Cx

D

905 700 SQFT

902 450 SQFT

OPEN TO BELOW

905 700 SQFT

904 450 SQFT

915 700 SQFT

914 730 SQFT MECHANICAL ROOM

903 420 SQFT F

913 420 SQFT

ELECTRICAL ROOM 904 450 SQFT

E

90 1086 S

903 420 SQFT

902 450 SQFT 901 1306 SQFT

916 1671 SQFT

901 1306 SQFT

G

Gx H

I Ix

• Condominium units • Total saleable floor area: 12,896 SQFT 2 BEDROOM (6 UNITS) • Floor efficiency: 87%

2 BEDROOM (6 UNITS) 1 BEDROOM (5 UNITS) BACHELOR (5 UNITS)

1:350

1 BEDROOM (5 UNITS) BACHELOR (5 UNITS) 40

1:350

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

4.2 UNIT BREAKDOWN Floor 1 2 3 4 5 6 7 8 9 Total residential Total commercial Total

19,139 15,694 15,694 15,694 16,620 15,619 14,650 13,789 12,896

Floor efficiency (%) 77 84 84 84 88 88 87 87 87

BACH 8 8 8 7 6 6 4 5

1 BDRM 10 10 10 6 6 8 7 5

2 BDRM 5 5 5 8 8 5 6 6

Total 23 23 23 21 20 19 17 16

18,999

120,657

86

52

62

48

162

24,833

5,694

19,139

77

164,489

24,693

139,795

85

Area (ft²) 25,436 19,451 19,451 19,451 19,386 18,385 17,374 16,383 15,404

Core (ft²) 603 872 872 872 603 603 603 603 603

GFA (ft²) 24,833 18,579 18,579 18,579 18,784 17,783 16,771 15,780 14,801

Services & corridor (ft²) 5,694 2,885 2,885 2,885 2,164 2,164 2,121 1,991 1,905

145,285

5,630

139,656

25,436

603

170,721

6,233

Units

Area (ft²)

BACH 1 BDRM 2 BDRM Total

22,476 45,178 53,003 120,657

SFA (ft²)

Units Unit Type Rental Rental Rental Condo Condo Condo Condo Condo

Typ. unit Area Unit (ft²) Percentage (%) Percentage (%) 420 700 1,095

19 37 44

32 38 30

100

100

4.3 PERSPECTIVES IN CONTEXT

Aerial view looking northwest 41

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

DESIGN STRATEGY The Well is based around a central public outdoor space in the form of a raised courtyard, while maximizing the interior saleable residential and commercial square footage. Each wing of the building has a depth of 15 m, enough space for 2 units and a double loaded corridor. The south-facing courtyard carves out the footprint of the building, permitting daylight into the rear units parallel to Wellington St. For this type of development, a double loaded corridor is the most efficient and economical choice. A single loaded corridor or a point access core would not have worked well with this scheme; the length of the building would require up to 4 point access cores, increasing the cost of the project significantly.

The commercial space is organized to provide maximum street frontage for each unit. The commercial units on the ground floor are intended to house 1 large anchor tenant and 2 smaller tenants â&#x20AC;&#x201C; one of which will be used for a gym and/or health and fitness centre. The largest unit stretches the length of the east wing of the building.

The main residential entrance is located facing Wellington, next to two commercial unit entrances on either side. Amenities were not included in this building in order to promote use of local businesses, thus investing further in the community. As a result, lower condo maintenance fees allows for a more affordable and accessible development.

Street view looking west down Wellington Street West towards Parkdale Avenue

The units were designed in order to maintain the model sizes for bachelor and 1-bedroom units. Each unit is accompanied with an exterior balcony with views either to the street or onto the inner courtyard. Floors 2-4 consist of rental units, while floors 5-9 are made up of condo units, all levels include units ranging from bachelor to 2-bedroom flats. The rental units have access to a shared laundry room on either wing of the building, as well as an additional exit stair to directly access the courtyard space.

The end units on the upper levels are typically larger 2-bedroom units which span the width of the building, offering cross-ventilation and ample daylight. These flats are accompanied with private walk-out terraces facing south.

Street view looking southeast towards site 42

1166 WELLINGTON STREET WEST

5.0

SURGE DEVELOPMENTS

DEVELOPMENT FINANCIAL SUMMARY DEVELOPMENT FINANCIAL SUMMARY GENERAL

NOTES

Average Selling Price (PSF)

$488.18

% Equity

26.76%

Net Revenues

See Revenue Summary for $75,373,066.61 calculations

Expenses

$33,508,859.12 See Pro-forma for calculations

Profit

$41,864,207.49 Net Revenues - Expenses

% Profit Profit Per Door (average) Equity Required Cash/Cash Return Bank Loan % LTC (Debt)

55.54% % Profit = Profit/Net Revenues $258,421.03 Profit/162 doors $8,966,172.15 Expenses - Bank Loan

Profit/Developer Equity as quoted 466.91% by Jeff Salmon See Financing Summary (72.51% $24,542,686.97 of expenses)

73.24%

DEVELOPMENT EXPENSES Site Development (Pre-dev) Design and Planning Marketing & Sales Construction Financing Tarion Leed TOTAL

$4,258,949.21 $3,883,321.78 $2,412,580.27 $21,567,000.00 $1,145,911.61 $151,995.00 $89,101.25 $33,508,859.12

REVENUES Residential Sales Commercial Sales Parking & Storage Lockers NET REVENUES

$58,802,539.45 $11,142,027.16 $5,428,500.00 $75,373,066.61

43

6.0

PRO-FORMA DESCRIPTION

BUDGET

GROSS COST PSF

SALEABLE COST PSF

GFA = 164,489

SFA = 139,795

PERCENTAGE

NOTES

SOURCES

PRE-DEVELOPMENT

LAND

Land

Based on 4 comparable properties in close surrounding area, along Wellington Street West, with similar conditions. 175 Richmond Rd: $102.86/SQFT; 1140 Wellington St W: $107.90/SQFT; 1451 Wellington St W: $107.9/SQFT; 1445 Wellington St W: $170.78/SQFT. (Average) $123.54/SQFT x (total land) 33,034.44 SQFT (See Appendix 12.18% G for further calculations) LTT = (VCx0.015) - $3,525

$4,081,157.30

$24.81

$29.19

Land Transfer Tax

$61,217.36

$0.37

$0.44

Legal Fees

$10,202.89

$0.06

$0.07

0.03% complexity of the deal)

$102,028.93

$0.62

$0.73

0.30%

$72.00

$0.00

$0.00

$4,270.73 $4,258,949.21

$0.03 $25.89

$0.03 $30.47

$430,000.00

$2.61

$3.08

1.28% parking 0.17% parking

Brokerage Fees Land Title Title Insurance

TOTAL PRE-DEVELOPMENT

0.18%

http://www.fin.gov.on.ca/en/tax/ltt/

0.25% (Legal fees are usually between 0.25 and 0.5% of the land price, depending on Property Development by David Cadman, Rosalyn Topping P.89 2.50%

0.00% $8/Land Title 0.01% 12.71%

Land transfer prices from Land Titles http://www.bankofcanada.ca/rates/related/inflation-calculator/ http://realtor.ca

http://www.obj.ca/Opinion/2010-11-04/article-1923421/The-battle-of-thereal-estate-agents/1 Land Registry Office

(Price less $500,000 / 1,000 x .90) plus $325.00

http://www.themillsteam.ca/buying/costs-associated-with-buying-yourown-home/

Quoted based on similar project for 12 storey building with 3 floors underground

Quoted from Robertson Martin Architects based on similar projects

Quoted based on similar project for 12 storey building with 3 floors underground

Quoted from Robertson Martin Architects based on similar projects Quoted from Robertson Martin Architects based on similar projects

DESIGN & PLANNING

PROFESSIONAL DESIGN FEES

Architect Structural Engineer Mechanical & Electrical Engineer

$58,000.00

$0.35

$0.41

$82,800.00

$0.50

$0.59

Quoted based on similar project for 12 storey building with 3 floors underground 0.25% parking

Cost Consultant

$88,344.40

$0.54

$0.63

0.26%

Leed Consultant

$50,000.00

$0.30

$0.36

0.15%

Landscape Architect

$12,500.00

$0.08

$0.09

$23,000.00

$0.14

$0.16

$7,500.00

$0.05

$19,500.00 $10,000.00

Geotechnical Engineer Wind Study & Snow Load Engineer Civil Engineer

Traffic Engineer (parking garage)

$20M-$30M: $80 000 + 0.28% over 20M

http://www.ciqs.org/english/doc/Recommended_Fee_Schedule_%20FINAL _%202012.pdf

Approximate amount based on similar projects

As quoted from Morrison Hershfield

Quoted based on similar project for 12 storey building with 3 floors underground 0.04% parking

Quoted from Robertson Martin Architects based on similar projects

$0.05

Quoted based on similar project for 12 storey building with 3 floors underground 0.02% parking

Quoted from Robertson Martin Architects based on similar projects

$0.12

$0.14

0.06% parking

$0.06

$0.07

Quoted based on similar project for 12 storey building with 3 floors underground 0.07% parking

As quoted by Robertson Martin Architects based on similar projects

Quoted based on similar project for 12 storey building with 3 floors underground

Quoted from Robertson Martin Architects based on similar projects

Study to assess existing traffic conditions. Analyse impact on traffic of new 0.03% development. Circulation within garage, parking, laneways and access.

Quoted from Castelgan Consultants.

DESCRIPTION

PROFESSIONAL DESIGN FEES

Surveyor

GROSS COST PSF

SALEABLE COST PSF

PERCENTAGE

NOTES Topographic survey, land titles, draft survey plan of condo ( for each floor)

$20,000.00

$0.12

$0.14

0.06%

Building Envelope Consultant

$10,000.00

$0.06

$0.07

0.03%

$50,000.00

$0.30

$0.36

0.15%

Acoustic Consultant

$30,500.00

$0.19

$0.22

Noise study - $3000. Design - $15000. Look at design and make recommendations.

Look at Tarion Requirements. 4 site inspections during construction ($2000 each) 0.09% $8000. 1 day testing after completion - $3500.

Elevator Consultant

$18,000.00

$0.11

$0.13

0.05%

Disbursements

$25,029.97

$0.15

$0.18

0.07%

Contingency

$91,014.44

$0.55

$0.65

0.27%

$1,026,188.81

$6.24

$7.34

3.06%

Site Plan Application

$20,290.00

$0.12

$0.15

0.06% New- Manager Approval, Public Construction

Site Plan Review Fees

$5,095.00

$0.03

$0.04

0.02%

Permit to Demolish

$408.37

$0.00

$0.00

0.00%

Demolition Control

$2,645.06

$0.02

$0.02

0.01%

$178,257.50

$1.08

$1.28

$386,186.84

$2.35

$2.76

1.15%

Road Cutting Permit

$417.00

$0.00

$0.00

0.00%

Signage Fee

$640.00

$0.00

$0.00

0.00%

$11,388.00

$0.07

$0.08

0.03%

$1,745,208.00

$10.61

$12.48

$492,190.06

$2.99

$3.52

1.47%

$14,407.14

$0.09

$0.10

0.04%

$2,857,132.97

$17.37

$20.44

8.53%

$3,883,321.78

$23.61

$27.78

11.59%

Building Code Consultant

TOTAL PROFESSIONAL FEES

PERMITS & DEVELOPMENT CHARGES

BUDGET

Building Permit Educational Development Charge

Zoning By-Law Amendment Residential Development Charges Non-Industrial Usage Charges Plan of Condominium

TOTAL PERMITS & DEVELOPMENT TOTAL DESIGN & PLANNING

Approximate amount based on similar projects

SOURCES As quoted from both Farley Smith & Denis Surveying Limited and Fairhall Moffat & Woodland Limited As quoted from Morrison Hershfield

Approximate amount based on similar projects Quoted from Swallow Acoustic Consultants Limited.

Based on 2 elevators at $9,000 each

Quoted from KJA Consultants Inc.

2.5% of consultant fees

As quoted from Robertson Martin Architects based on similar projects

10% of design fees

http://www.aia.org/aiaucmp/groups/secure/documents/pdf/aiap026970.pdf

Includes Engineering Design & Review Fee and Conservation Authority Review Fee

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/fees

$100 for first 5000 sq.ft, $11 for each additional 1000 sq.ft. Existing has 33034 sq. ft

http://ottawa.ca/en/residents/building-and-renovating/forms-applicationsand-fees/comprehensive-building-code-fee

Flat fee from website

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/fees

Group C - Residential Occupancy: $1.13/sq.ft & Group E - Mercantile Occupancy: 0.53% $1.13/sq.ft

http://documents.ottawa.ca/sites/documents.ottawa.ca/files/documents/fe e_schedule_gfa_en.pdf

Residential = $2157x162 units & Commercial = $1.48/sq.ft

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/development-charges/fee-schedule-effective

Permit to cut the road for the introduction of services

http://ottawa.ca/en/permits-business-licences-and-applications/road-cutpermit

Area of development between 1000 m^2 & 5000 m^2

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/development-signs

Includes minor amendment, legal fees associated & conservation authority fee

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/fees

Area 1, inside the Greenbelt. Units 2+ bedrooms: $13226x48 Units under 2 bedrooms: http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/development-charges 5.21% $9740x114 $19.82/sq.ft

Public consultation with concurrent site plan

http://ottawa.ca/en/city-hall/planning-and-development/how-developproperty/fees

DESCRIPTION

BUDGET

GROSS COST PSF

SALEABLE COST PSF

PERCENTAGE

NOTES

SOURCES

MARKETING & SALES $20,000.00

$0.12

$0.14

0.06% Estimate based on size of building, site and landscaping

Website

$10,000.00

$0.06

$0.07

0.03%

Newspaper & Magazine Advertisements

$30,000.00

$0.18

$0.21

Metro Ottawa Rates: • Full Page: 6 x $2373 (over 2 years) = $14,238 • Half Page – Digest: 6 x $1246 (over 2 years) = $7476 • Half Crown – Right: 13 x $209 (over 2 years) = $2717 0.09% Remaining $5,569 for Magazine Advertisements

Radio Advertisements

$30,000.00

$0.18

$0.21

0.09% • Assume 375 ads (over 2 years) @ $80 = $30 000

Television Advertisements

$40,000.00

$0.24

$0.29

Transit Advertisements

$15,200.00

$0.09

$0.11

o OC Transpo Buses ・ King Poster (side of bus) - $385/4 wks/poster • Assume 1 ad over 8 months @ $385/4wks • Therefore: (8 x $385/4wks) x 1 = $3080 ・ Seventy Poster (back of bus) - $285/4 wks/poster • Assume 1 ad over 2 years @ $285/4wks • Therefore: (24 x $285/4wks) x 1 = $6840 ・ Interior (small) - $25/4 wks/card • Assume 8 different ads (over 2 years) @ $25/4wk • Therefore: (24 x $25/4wk) x 8 = $4800 o Shelters ・ Transitway Poster (for Tunney’s Pasture) - $200/4 wks/poster • 0.05% Assume 1 ad over 2 years @ $200/4wks: (24 x $200/4wks) x 1 = $480

Digital Mail Network Advertising

$24,000.00

$0.15

$0.17

0.07%

Outdoor Signage/ Banners/Billboards

$30,000.00

$0.18

$0.21

Full Budget: $30,000 o Billboard: $2500/4 wks/face ・ Assume 1 billboard, 6 months total (over 2 year period) @ $2500/4wks ・ Therefore: (6 x $2500/4wks) x 1 = $15 000 0.09% Remaining $15,000 for outdoor signage, banners, etc (site pageantry)

$40,000.00 $239,200.00

$0.24 $1.45

$0.29 $1.71

0.12% 0.71%

Marketing

Scale Model

Marketing Materials

TOTAL MARKETING

Based on cost of website for Tamarack Wellington

80$ per ad.

o City TV Rates ・ Daytime – starting at $50/30 seconds • Assume 10% of total budget - $4000 • Assume 80 daytime commercials (over 2 years) @ $50 = $4000 ・ Prime Time – starting at $500/30 seconds • Assume 90% of total budget - $36 000 0.12% • 72 prime time commercials (over 2 years) @ $500 = $36 000

o Digital Mall Advertisement - $1500/4 wks/mall – full network ・ Assume 1 (digital mall network at Rideau Centre) over 16 months @ $1500/4wks ・ Therefore: (16 x $1500/4wks) x 1 = $24 000

Includes printing brochures and handouts

As quoted from Craig Martin, President at Archetype 3D As quoted from Simon Taggart, Project Manager for Tamarack Wellington.

Budget based on quote from Simon Taggart, Project Manager at Tamarack Wellington, modified based on input from Jeffrey Salmon. Rates as quoted from Steven Barry, Account Manager at Metro Ottawa

Rate as quoted from Newcap Radio based on Live 88.5 rates.

Budget based on quote from Simon Taggart, Project Manager at Tamarack Wellington, modified based on input from Jeffrey Salmon. Rates as quoted from Dave Chapin, Senior Account Executive at City TV.

Rates as quoted from Kristin Perrin, Account Executive at Pattison Outdoor Advertising

Rates as quoted from Kristin Perrin, Account Executive at Pattison Outdoor Advertising

Budget based on quote from Simon Taggart, Project Manager at Tamarack Wellington. Billboard rates as quoted from Kristin Perrin, Account Executive at Pattison Outdoor Advertising.

Budget based on quote from Simon Taggart, Project Manager at Tamarack Wellington, modified based on input from Jeffrey Salmon.

DESCRIPTION

BUDGET

GROSS COST PSF

SALEABLE COST PSF

$400,000.00

$2.43

$2.86

Sales Office Rent

$102,700.00

$0.62

$0.73

1.19%

Sales Representative Salary

NOTES Includes cost to renovate sales office, sales displays, and model suite

Rent: $3950 Monthly for 1305 Wellington Street.

Assume 26 months, therefore: 0.31% 26 months x $3950/month = $102,700

Sales Representatives: Base Salary of $30,000 Assume 2 Representatives for 2.5 Years, therefore: 2 x [($30,000 x 2.5) = $150,000

Sales

Sales Office Set-Up

PERCENTAGE

$2.43

$2.86

$588,025.39

$3.57

$4.21

$682,654.87 $2,173,380.27 $2,412,580.27

$4.15 $13.21 $14.67

$4.88 $15.55 $17.26

2.04% 6.49% 7.20%

$7,300,000.00

$52.27

$60.50

21.79%

$950,000.00

$38.26

$49.64

$10,000.00

$0.06

$0.07

Underground Parking

$2,260,000.00

$13.74

$16.17

Mechanical

$5,540,000.00

$33.68

$39.63

Electrical Finishes (Basic, only for Residential)

$2,650,000.00

$16.11

$18.96

$1,060,000.00

$7.59

$8.79

$150,000.00

$0.91

$1.07

0.45% Based on 2 elevators

$1,027,000.00

$6.24

$7.35

3.06%

$620,000.00

$4.44 $173.30

$5.14 $207.31

1.85% 64.36%

TOTAL SALES TOTAL MARKETING & SALES

Based on quote from Simon Taggart, project manager for Tamarack Wellington. Adjusted to reflect size difference in sales office.

http://www.realtor.ca/Commercial/Retail/16058620/1305-Wellington-StOttawa-Ontario-K1Y3B1-WELLINGTON-WEST Based on quote provided by Anna Paquette, sales representative for Tamarack Wellington.

Sales Assistants: Base Salary of $50,000 1.19% Assume 2 Assistants for 2.5 Years, therefore: $ per sales representative $ 0.5% x total sales price = commission (as calculated in Unit

$400,000.00

Sales Representative Commission Sales Commission Co-Brokerage

SOURCES

1.75% Pricing chart)

2.5% of sales price, assume 75% of buyers use real estate agent

Based on quote from Jeffrey Salmon, Lecture 8, Design Economics

Includes structure and envelope of the building on all residential floors

Calculated from costs in RS Means

CONSTRUCTION Residential Hard Cost Commercial Hard Cost

CONSTRUCTION

Landscaping

Elevators Construction Contingency Appliances (Only for Residential) TOTAL CONSTRUCTION

$21,567,000.00

2.84% Includes structure and envelope of the building on all commercial floors

Calculated from costs in RS Means

6.74% Includes excavation costs and structure

Calculated from costs in RS Means

0.03% Includes landscaping around building and on green roof

16.53%

Includes all Mechanical systems throughout the building. Based on $450/sq.m

7.91% Includes all Electrical work

3.16%

Floor & wall finishes, lighting & bathroom fixtures. Based on first tier finishes

Calculated from costs in RS Means Calculated from costs in RS Means Calculated from costs in RS Means Appendix B: Finish Schedule Calculated from costs in RS Means

5% of construction costs

Calculated from costs in RS Means

Basic appliances in units (oven, fridge, washers, dryers etc.)

Appendix B: Finish Schedule

DESCRIPTION

FINANCING

FINANCING

Commitment Fee Cost Consultant - Initial Report Cost Consultant - Monthly Inspections Legal Financing

Interest TOTAL FINANCING

TARION

TARION

New Home Builder Registration Fee Warranty Enrollment Fees

Tarion Legal TOTAL TARION

BUDGET

GROSS COST PSF

SALEABLE COST PSF

PERCENTAGE

NOTES

$245,426.87

$1.49

$1.76

0.73% 1% of bank loan

$7,500.00

$0.05

$0.05

0.02%

$7,200.00 $9,375.00

$0.04 $0.06

$0.05 $0.07

0.02% 0.03% Assume 25 hours at $375 per hour

$876,409.74 $1,145,911.61

$5.33 $6.97

$6.27 $8.20

2.62% 3.42%

$2,500.00

$0.02

$0.02

0.01%

$140,120.00

$0.85

$1.00

0.42%

$9,375.00 $151,995.00

$0.06 $0.92

$0.07 $1.09

SOURCES

As stated in lecture slides

Assume 25 hours at $300 per hour

http://obrienaccountants.com/fees.html#baserate

Assume 6 hours every 6 months for 2 years at $300 per hour

http://obrienaccountants.com/fees.html#baserate From lecture 10 slides

3.14% of bank loan (RBC 2 year closed term)

Amortization schedule from: bretwhissel.net/cgi-bin/amortze Interest rate from: http://www.canadamortgage.com/RatesShow/ShowRates.php

Assuming new builder

https://www.tarion.com/New-Home-Builders/Registering-andRenewing/Documents/Application_for_Registration_Package.pdf https://www.tarion.com/Warranty-Protection/Pages/Warranty-Fees.aspx

Calculated using the enrolment fee calculation table

0.03% Assume 25 hours at $375 0.45%

From lecture 10 slides

LEED

LEED

Assuming non-member of CGBC

Total LEED

Registration Fee

$900.00

$0.01

$0.01

0.00%

Commissioning

$78,875.00

$0.48

$0.56

0.24%

Certification

$9,326.25 $89,101.25

$0.06 $0.54

$0.07 $0.64

0.03% 0.27%

$33,508,859.12

$245.90

$292.73

100.00%

TOTAL EXPENSES

Assume $0.50 per square foot Assuming non-member of CGBC

http://www.cagbc.org/CAGBC/LEED/GreenHomes/Pricing/CAGBC/Program s/LEED/GreenHomes/Pricing.aspx?hkey=fffbc0bf-9628-4a2c-801a92c63c1d1210 From lecture 9 slides http://www.cagbc.org/CAGBC/LEED/GreenHomes/Pricing/CAGBC/Program s/LEED/GreenHomes/Pricing.aspx?hkey=fffbc0bf-9628-4a2c-801a92c63c1d1210

1166 WELLINGTON STREET WEST

7.0

SURGE DEVELOPMENTS

REVENUE SUMMARY REVENUE SUMMARY DESCRIPTION RESIDENTIAL Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 5 - 1 BDRM Model 6 - 1 BDRM Model 7 - 1 BDRM Model 8 - 1 BDRM Model 9 - 1 BDRM Model 10 - 1 BDRM Model 11 - 2 BDRM Model 12 - 2 BDRM Model 13 - 2 BDRM Model 14 - 2 BDRM Model 15 - 2 BDRM Model 16 - 2 BDRM Model 17 - 2 BDRM Model 18 - 2 BDRM Model 19 - 2 BDRM Model 20 - 2 BDRM Model 21 - 2 BDRM Model 22 - 2 BDRM Model 23 - 2 BDRM Model 24 - 2 BDRM Model 25 - 2 BDRM Model 26 - 2 BDRM Model 27 - 2 BDRM Model 28 - 2 BDRM Model 29 - 2 BDRM Model 30 - 2 BDRM

TOTAL RESIDENTIAL COMMERCIAL CRU 1 CRU 2 CRU 3

TOTAL COMMERCIAL PARKING STORAGE LOCKERS TOTAL REVENUE

1

NUMBER

SQUARE FEET PER UNIT

TOTAL SQUARE FEET

AVERAGE 1

PRICE

TOTAL VALUE

31 21 38 14 3 3 1 1 1 1 8 8 3 6 3 5 2 1 1 1 1 1 1 1 1 1 1 1 1 1 162

419.81 450.75 699.68 730.62 770.97 741.78 1,013.94 898.85 999.14 908.16 1,082.43 967.75 875.94 1,097.11 1,010.21 1,085.84 957.17 1,319.94 1,133.54 1,344.37 1,473.48 1,224.67 1,162.31 1,102.69 1,197.91 1,674.36 1,201.02 1,205.62 1,306.16 1,670.53

13,014 9,466 26,588 10,229 2,313 2,225 1,014 899 999 908 8,659 7,742 2,628 6,583 3,031 5,429 1,914 1,320 1,134 1,344 1,473 1,225 1,162 1,103 1,198 1,674 1,201 1,206 1,306 1,671 120,657

$204,412.33 $217,792.71 $339,901.28 $354,819.88 $364,736.71 $350,929.18 $505,103.04 $447,770.89 $502,318.91 $456,577.39 $528,420.05 $472,435.99 $414,396.71 $535,638.54 $477,922.57 $539,916.29 $467,139.67 $639,790.18 $549,436.45 $651,631.85 $714,211.87 $601,766.32 $571,126.13 $541,830.92 $588,616.47 $834,099.52 $603,812.14 $606,125.60 $665,069.36 $850,600.54

$6,336,782.13 $4,573,647.00 $12,916,248.66 $4,967,478.27 $1,094,210.12 $1,052,787.54 $505,103.04 $447,770.89 $502,318.91 $456,577.39 $4,227,360.37 $3,779,487.90 $1,243,190.14 $3,213,831.25 $1,433,767.72 $2,699,581.44 $934,279.34 $639,790.18 $549,436.45 $651,631.85 $714,211.87 $601,766.32 $571,126.13 $541,830.92 $588,616.47 $834,099.52 $603,812.14 $606,125.60 $665,069.36 $850,600.54 $58,802,539.45

1 1 1 3

5,411 3,929 9,798

5,411 3,929 9,798 19,138

$582.20 $582.20 $582.20

$3,150,167.76 $2,287,463.80 $5,704,395.60 $11,142,027.16

144 111

139,795

$35,000.00 $3,500.00

$5,040,000.00 $388,500.00

$38,500.00

$75,373,066.61

Assume commercial price per square foot at 1.25 times residential base price per square foot

51

1166 WELLINGTON STREET WEST

8.0 Unit # 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 401 402 403 404 405 406 407

UNIT & PARKING PRICING BREAKDOWN

Description Model 6 - 1 BDRM Model 5 - 1 BDRM Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 13 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 15 - 2 BDRM

Model 6 - 1 BDRM Model 5 - 1 BDRM Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 13 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 15 - 2 BDRM Model 6 - 1 BDRM Model 5 - 1 BDRM Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH

52

SURGE DEVELOPMENTS

Interior Open Total Base (ft²) Air (ft²) Area (ft²) Price PSF 711.78 30 741.78 $465.76 740.97 30 770.97 $465.76 420.75 30 450.75 $465.76 669.68 30 699.68 $465.76 700.62 30 730.62 $465.76 389.81 30 419.81 $465.76 420.75 30 450.75 $465.76 669.68 30 699.68 $465.76 845.94 30 875.94 $465.76 1,052.43 30 1,082.43 $465.76 669.68 30 699.68 $465.76 389.81 30 419.81 $465.76 669.68 30 699.68 $465.76 937.75 30 967.75 $465.76 1,067.11 30 1,097.11 $465.76 389.81 30 419.81 $465.76 420.75 30 450.75 $465.76 669.68 30 699.68 $465.76 700.62 30 730.62 $465.76 389.81 30 419.81 $465.76 420.75 30 450.75 $465.76 669.68 30 699.68 $465.76 980.21 30 1,010.21 $465.76 711.78 740.97 420.75 669.68 700.62 389.81 420.75 669.68 845.94 1,052.43 669.68 389.81 669.68 937.75 1,067.11 389.81 420.75 669.68 700.62 389.81 420.75 669.68 980.21 711.78 740.97 420.75 669.68 700.62 389.81 420.75

30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30

741.78 770.97 450.75 699.68 730.62 419.81 450.75 699.68 875.94 1,082.43 699.68 419.81 699.68 967.75 1,097.11 419.81 450.75 699.68 730.62 419.81 450.75 699.68 1,010.21 741.78 770.97 450.75 699.68 730.62 419.81 450.75

$473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09 $473.09

$480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42

Sale Price $345,491.92 $359,085.52 $209,942.95 $325,881.59 $340,295.59 $195,528.96 $209,942.95 $325,881.59 $407,976.10 $504,152.00 $325,881.59 $195,528.96 $325,881.59 $450,739.04 $510,990.13 $195,528.96 $209,942.95 $325,881.59 $340,295.59 $195,528.96 $209,942.95 $325,881.59 $470,517.70

Parking1

Storage Locker

2

$350,929.18 $364,736.71 $213,246.97 $331,010.23 $345,651.06 $198,606.14 $213,246.97 $331,010.23 $414,396.71 $512,086.20 $331,010.23 $198,606.14 $331,010.23 $457,832.65 $519,031.95 $198,606.14 $213,246.97 $331,010.23 $345,651.06 $198,606.14 $213,246.97 $331,010.23 $477,922.57

$356,366.43 $370,387.89 $216,551.00 $336,138.86 $351,006.54 $201,683.32 $216,551.00

Total $345,491.92 $359,085.52 $209,942.95 $325,881.59 $340,295.59 $195,528.96 $209,942.95 $325,881.59 $407,976.10 $504,152.00 $325,881.59 $195,528.96 $325,881.59 $450,739.04 $510,990.13 $195,528.96 $209,942.95 $325,881.59 $340,295.59 $195,528.96 $209,942.95 $325,881.59 $470,517.70 $350,929.18 $364,736.71 $213,246.97 $331,010.23 $345,651.06 $198,606.14 $213,246.97 $331,010.23 $414,396.71 $512,086.20 $331,010.23 $198,606.14 $331,010.23 $457,832.65 $519,031.95 $198,606.14 $213,246.97 $331,010.23 $345,651.06 $198,606.14 $213,246.97 $331,010.23 $477,922.57

$3,500.00 $3,500.00

$356,366.43 $370,387.89 $216,551.00 $336,138.86 $351,006.54 $205,183.32 $220,051.00

Sales Rep.

3

Co-Brokerage

Commissions Commissions $3,454.92 $3,590.86 $2,099.43 $3,258.82 $3,402.96 $1,955.29 $2,099.43 $3,258.82 $4,079.76 $5,041.52 $3,258.82 $1,955.29 $3,258.82 $4,507.39 $5,109.90 $1,955.29 $2,099.43 $3,258.82 $3,402.96 $1,955.29 $2,099.43 $3,258.82 $4,705.18 $3,509.29 $3,647.37 $2,132.47 $3,310.10 $3,456.51 $1,986.06 $2,132.47 $3,310.10 $4,143.97 $5,120.86 $3,310.10 $1,986.06 $3,310.10 $4,578.33 $5,190.32 $1,986.06 $2,132.47 $3,310.10 $3,456.51 $1,986.06 $2,132.47 $3,310.10 $4,779.23

$3,563.66 $3,703.88 $2,165.51 $3,361.39 $3,510.07 $2,016.83 $2,165.51

4

1166 WELLINGTON STREET WEST

Unit # 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616

Description Model 3 - 1 BDRM Model 13 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 15 - 2 BDRM

Model 19 - 2 BDRM Model 18 - 2 BDRM Model 1 - BACH Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 16 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 17 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 20 - 2 BDRM Model 21 - 2 BDRM Model 23 - 2 BDRM Model 22 - 2 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 16 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 17 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM

Interior (ft²) 669.68 845.94 1,052.43 669.68 389.81 669.68 937.75 1,067.11 389.81 420.75 669.68 700.62 389.81 420.75 669.68 980.21

891.86 1,044.37 389.81 700.62 389.81 420.75 669.68 1,055.84 1,052.43 669.68 389.81 669.68 937.75 927.17 389.81 420.75 669.68 700.62 389.81 1,102.69 1,197.91

855.79 983.94 700.62 389.81 420.75 669.68 1,055.84 1,052.43 669.68 389.81 669.68 937.75 927.17 389.81 420.75 669.68

Open Total Base Air (ft²) Area (ft²) Price PSF 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30

241.68 275.57 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 241.68 275.57

306.52 240.73 30 30 30 30 30 30 30 30 30 30 30 30 30 30

699.68 875.94 1,082.43 699.68 419.81 699.68 967.75 1,097.11 419.81 450.75 699.68 730.62 419.81 450.75 699.68 1,010.21

$480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42 $480.42

1,162.31 1,224.67 730.62 419.81 450.75 699.68 1,085.84 1,082.43 699.68 419.81 699.68 967.75 957.17 419.81 450.75 699.68

$491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37 $491.37

1,133.54 1,319.94 419.81 730.62 419.81 450.75 699.68 1,085.84 1,082.43 699.68 419.81 699.68 967.75 957.17 419.81 450.75 699.68 730.62 419.81 1,344.37 1,473.48

$484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71 $484.71

Sale Price $336,138.86 $420,817.33 $520,020.40 $336,138.86 $201,683.32 $336,138.86 $464,926.25 $527,073.77 $201,683.32 $216,551.00 $336,138.86 $351,006.54 $201,683.32 $216,551.00 $336,138.86 $485,327.45

$549,436.45 $639,790.18 $203,484.28 $354,140.92 $203,484.28 $218,484.73 $339,140.47 $526,317.23 $524,664.02 $339,140.47 $203,484.28 $339,140.47 $469,077.90 $463,952.28 $203,484.28 $218,484.73 $339,140.47 $354,140.92 $203,484.28 $651,631.85 $714,211.87

$571,126.13 $601,766.32 $359,006.88 $206,280.19 $221,486.75 $343,800.32 $533,548.93 $531,872.99 $343,800.32 $206,280.19 $343,800.32 $475,523.11 $470,327.06 $206,280.19 $221,486.75 $343,800.32

Parking1

$35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00

$35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00

SURGE DEVELOPMENTS

Storage Locker

2

Total

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$339,638.86 $424,317.33 $523,520.40 $339,638.86 $205,183.32 $339,638.86 $468,426.25 $530,573.77 $205,183.32 $220,051.00 $339,638.86 $354,506.54 $205,183.32 $220,051.00 $339,638.86 $488,827.45

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$609,626.13 $640,266.32 $397,506.88 $244,780.19 $259,986.75 $382,300.32 $572,048.93 $570,372.99 $382,300.32 $244,780.19 $382,300.32 $514,023.11 $508,827.06 $244,780.19 $259,986.75 $382,300.32

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$587,936.45 $678,290.18 $241,984.28 $392,640.92 $241,984.28 $256,984.73 $377,640.47 $564,817.23 $563,164.02 $377,640.47 $241,984.28 $377,640.47 $507,577.90 $502,452.28 $241,984.28 $256,984.73 $377,640.47 $392,640.92 $241,984.28 $690,131.85 $752,711.87

Sales Rep. Commissions

3

$3,361.39 $4,208.17 $5,200.20 $3,361.39 $2,016.83 $3,361.39 $4,649.26 $5,270.74 $2,016.83 $2,165.51 $3,361.39 $3,510.07 $2,016.83 $2,165.51 $3,361.39 $4,853.27

Co-Brokerage Commissions

4

$5,494.36 $6,397.90 $2,034.84 $3,541.41 $2,034.84 $2,184.85 $3,391.40 $5,263.17 $5,246.64 $3,391.40 $2,034.84 $3,391.40 $4,690.78 $4,639.52 $2,034.84 $2,184.85 $3,391.40 $3,541.41 $2,034.84 $6,516.32 $7,142.12

$5,711.26 $6,017.66 $3,590.07 $2,062.80 $2,214.87 $3,438.00 $5,335.49 $5,318.73 $3,438.00 $2,062.80 $3,438.00 $4,755.23 $4,703.27 $2,062.80 $2,214.87 $3,438.00

$8,975.17 $5,157.00 $5,537.17 $8,595.01 $13,338.72 $13,296.82 $8,595.01 $5,157.00 $8,595.01 $11,888.08 $11,758.18 $5,157.00 $5,537.17 $8,595.01

53

1166 WELLINGTON STREET WEST

Unit # 617 618 619 620 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 901 902 903 904 905 906 907 908 909 910 911 912 913

Description Model 4 - 1 BDRM Model 1 - BACH Model 24 - 2 BDRM Model 25 - 2 BDRM

Model 8 - 1 BDRM Model 7 - 1 BDRM Model 4 - 1 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 16 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH Model 4 - 1 BDRM Model 3 - 1 BDRM Model 2 - BACH Model 1 - BACH Model 26 - 2 BDRM

Model 9 - 1 BDRM Model 27 - 2 BDRM Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 16 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH Model 4 - 1 BDRM Model 3 - 1 BDRM Model 28 - 2 BDRM Model 10 - 1 BDRM

Model 29 - 2 BDRM Model 2 - BACH Model 1 - BACH Model 2 - BACH Model 3 - 1 BDRM Model 16 - 2 BDRM Model 11 - 2 BDRM Model 3 - 1 BDRM Model 1 - BACH Model 3 - 1 BDRM Model 12 - 2 BDRM Model 14 - 2 BDRM Model 1 - BACH

54

Interior (ft²) 700.62 389.81 891.96 922.34

Open Total Base Air (ft²) Area (ft²) Price PSF 30 30 210.73 275.57

623.28 803.21 700.62 389.81 420.75 669.68 1,055.84 1,052.43 669.68 389.81 669.68 937.75 1,067.11 389.81 700.62 669.68 420.75 389.81 1,188.05

275.57 210.73 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 486.31

819.85 420.75 389.81 420.75 669.68 1,055.84 1,052.43 669.68 389.81 669.68 937.75 1,067.11 389.81

486.31 30 30 30 30 30 30 30 30 30 30 30 30

723.57 959.34 389.81 420.75 669.68 1,055.84 1,052.43 669.68 389.81 669.68 937.75 1,067.11 389.81 700.62 669.68 930.05 697.43

275.57 241.68 30 30 30 30 30 30 30 30 30 30 30 30 30 275.57 210.73

730.62 419.81 1,102.69 1,197.91

898.85 1,013.94 730.62 419.81 450.75 699.68 1,085.84 1,082.43 699.68 419.81 699.68 967.75 1,097.11 419.81 730.62 699.68 450.75 419.81 1,674.36

999.14 1,201.02 419.81 450.75 699.68 1,085.84 1,082.43 699.68 419.81 699.68 967.75 1,097.11 419.81 730.62 699.68 1,205.62 908.16

1,306.16 450.75 419.81 450.75 699.68 1,085.84 1,082.43 699.68 419.81 699.68 967.75 1,097.11 419.81

$491.37 $491.37 $491.37 $491.37

Sale Price $359,006.88 $206,280.19 $541,830.92 $588,616.47

Parking1 $35,000.00 $35,000.00 $35,000.00 $35,000.00

$498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16 $498.16

$447,770.89 $505,103.04 $363,967.81 $209,130.68 $224,547.36 $348,551.13 $540,921.78 $539,222.69 $348,551.13 $209,130.68 $348,551.13 $482,094.13 $546,536.51 $209,130.68 $363,967.81 $348,551.13 $224,547.36 $209,130.68 $834,099.52

$35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00

$509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18 $509.18

$665,069.36 $229,514.67 $213,756.94 $229,514.67 $356,261.57 $552,887.73 $551,151.05 $356,261.57 $213,756.94 $356,261.57 $492,758.73 $558,626.66 $213,756.94

$35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00

$502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75 $502.75

$502,318.91 $603,812.14 $211,057.59 $226,616.32 $351,762.65 $545,905.78 $544,191.03 $351,762.65 $211,057.59 $351,762.65 $486,536.10 $551,572.24 $211,057.59 $367,321.38 $351,762.65 $606,125.60 $456,577.39

$35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00 $35,000.00

SURGE DEVELOPMENTS

Storage Locker

2

$3,500.00 $3,500.00 $3,500.00 $3,500.00

Total $397,506.88 $244,780.19 $580,330.92 $627,116.47

Sales Rep. Commissions

3

$3,590.07 $2,062.80 $5,418.31 $5,886.16

Co-Brokerage Commissions

4

$8,975.17 $5,157.00 $13,545.77 $14,715.41

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$486,270.89 $543,603.04 $402,467.81 $247,630.68 $263,047.36 $387,051.13 $579,421.78 $577,722.69 $387,051.13 $247,630.68 $387,051.13 $520,594.13 $585,036.51 $247,630.68 $402,467.81 $387,051.13 $263,047.36 $247,630.68 $872,599.52

$4,477.71 $5,051.03 $3,639.68 $2,091.31 $2,245.47 $3,485.51 $5,409.22 $5,392.23 $3,485.51 $2,091.31 $3,485.51 $4,820.94 $5,465.37 $2,091.31 $3,639.68 $3,485.51 $2,245.47 $2,091.31 $8,341.00

$11,194.27 $12,627.58 $9,099.20 $5,228.27 $5,613.68 $8,713.78 $13,523.04 $13,480.57 $8,713.78 $5,228.27 $8,713.78 $12,052.35 $13,663.41 $5,228.27 $9,099.20 $8,713.78 $5,613.68 $5,228.27 $20,852.49

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$703,569.36 $268,014.67 $252,256.94 $268,014.67 $394,761.57 $591,387.73 $589,651.05 $394,761.57 $252,256.94 $394,761.57 $531,258.73 $597,126.66 $252,256.94

$6,650.69 $2,295.15 $2,137.57 $2,295.15 $3,562.62 $5,528.88 $5,511.51 $3,562.62 $2,137.57 $3,562.62 $4,927.59 $5,586.27 $2,137.57

$16,626.73 $5,737.87 $5,343.92 $5,737.87 $8,906.54 $13,822.19 $13,778.78 $8,906.54 $5,343.92 $8,906.54 $12,318.97 $13,965.67 $5,343.92

$3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00 $3,500.00

$540,818.91 $642,312.14 $249,557.59 $265,116.32 $390,262.65 $584,405.78 $582,691.03 $390,262.65 $249,557.59 $390,262.65 $525,036.10 $590,072.24 $249,557.59 $405,821.38 $390,262.65 $644,625.60 $495,077.39

$5,023.19 $6,038.12 $2,110.58 $2,266.16 $3,517.63 $5,459.06 $5,441.91 $3,517.63 $2,110.58 $3,517.63 $4,865.36 $5,515.72 $2,110.58 $3,673.21 $3,517.63 $6,061.26 $4,565.77

$12,557.97 $15,095.30 $5,276.44 $5,665.41 $8,794.07 $13,647.64 $13,604.78 $8,794.07 $5,276.44 $8,794.07 $12,163.40 $13,789.31 $5,276.44 $9,183.03 $8,794.07 $15,153.14 $11,414.43

1166 WELLINGTON STREET WEST

Unit #

Description

914 Model 4 - 1 BDRM 915 Model 3 - 1 BDRM 916 Model 30 - 2 BDRM TOTAL

TOTAL REVENUES Average Unit Price Cheapest Unit Most Expensive Unit Average Price PSF Expenses Net Revenues Profit

1 2

Interior (ft²) 700.62 669.68 1,184.22 111,290

Open Total Base Air (ft²) Area (ft²) Price PSF 30 30 486.31 9366.8

730.62 699.68 1,670.53 120,657

$509.18 $509.18 $509.18

Sale Price $372,019.30 $356,261.57 $850,600.54 $58,802,539.45

Parking1 $35,000.00 $35,000.00 $35,000.00

$3,255,000.00

SURGE DEVELOPMENTS

Storage Locker

2

$3,500.00 $3,500.00 $3,500.00

$388,500.00

Total $410,519.30 $394,761.57 $889,100.54

$62,446,039.45

Sales Rep. Commissions

3

$3,720.19 $3,562.62 $8,506.01

$588,025.39

Co-Brokerage Commissions

4

$9,300.48 $8,906.54 $21,265.01

$682,654.87

$362,978.64 $195,528.96 $889,100.54 $488.18 $33,508,859.12 $75,373,066.61 $41,864,207.49

Assume 93 parking spaces attributed to condo units

Assume 93 storage lockers attributed to condo units, remaining 18 lockers attributed to rental units Assume 1% commission for 2 representatives per unit sold 4 Assume 2.5% commission for co-broker for 75% of condo units sold (70 units) 3

55

1166 WELLINGTON STREET WEST

9.0

TARION ENROLLMENT BREAKDOWN TARION ENROLLMENT FEES PRICE FROM PRICE TO Less than $100,000 $100,001 $150,000 $150,001 $200,000 $200,001 $250,000 $250,001 $300,000 $300,001 $350,000 $350,001 $400,000 $400,001 $450,000 $450,001 $500,000 $500,001 $550,000 $550,001 $600,000 $600,001 $650,000 $650,001 $700,000 $700,001 $750,000 $750,001 $800,000 $800,001 $850,000 $850,001 $900,000 $900,001 $950,000 $950,001 $1,000,000 Over $ 1,000,000 TOTAL

56

SURGE DEVELOPMENTS

FEE $385.00 $430.00 $500.00 $570.00 $640.00 $710.00 $780.00 $850.00 $920.00 $1,000.00 $1,050.00 $1,100.00 $1,150.00 $1,200.00 $1,250.00 $1,300.00 $1,350.00 $1,400.00 $1,450.00 $1,500.00

HST $50.05 $55.90 $65.00 $74.10 $83.20 $92.30 $101.40 $110.50 $119.60 $130.00 $136.50 $143.00 $149.50 $156.00 $162.50 $169.00 $175.50 $182.00 $188.50 $195.00

TOTAL COUNT $435.05 0 $485.90 0 $565.00 8 $644.10 44 $723.20 0 $802.30 35 $881.40 23 $960.50 4 $1,039.60 14 $1,130.00 19 $1,186.50 6 $1,243.00 4 $1,299.50 2 $1,356.00 1 $1,412.50 0 $1,469.00 1 $1,525.50 1 $1,582.00 0 $1,638.50 0 $1,695.00 0

FEES $0.00 $0.00 $4,520.00 $28,340.40 $0.00 $28,080.50 $20,272.20 $3,842.00 $14,554.40 $21,470.00 $7,119.00 $4,972.00 $2,599.00 $1,356.00 $0.00 $1,469.00 $1,525.50 $0.00 $0.00 $0.00 $140,120.00

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

10.0 CASH FLOW PROJECTIONS DATE

ITEM

JANUARY 1 2016 DEVELOPER EQUITY JANUARY 15 2016 OBTAIN LAND TITLES JANUARY 31 2016 BALANCE

TYPE INCOME EXPENSE EXPENSE

HIRE CONSULTANTS (%5 OF FEBRUARY 1 2016 CONSULTANT FEES FOR RETAINER)

EXPENSE

MARCH 1 2016 LEED REGISTRATION FEE MARCH 31 2016 SALES STAFF PAYCHECK MARCH 31 2016 BALANCE APRIL 30 2016 SALES STAFF PAYCHECK APRIL 30 2016 BALANCE MAY 1 2016 SITE PLAN APPLICATION FEES TARION WARRANT ENROLLMENT & LEGAL FEES (30 DAYS PRIOR TO MAY 1 2016 MARKETING) MAY 31 2016 SALES STAFF PAYCHECK MAY 31 2016 BALANCE PAY CONSULTANTS FOR SCHEMATIC DESIGN PHASE (%15 CONSULTANT JUNE 1 2016 FEES) PAY FOR MARKETING MATERIAL & JUNE 1 2016 ADVERTISEMENT PLAN JUNE 1 2016 SALES OFFICE RENT JUNE 1 2016 PAY FOR SALES OFFICE RENOVATION JUNE 1 2016 COST CONSULTANT INITIAL REPORT JUNE 30 2016 SALES STAFF PAYCHECK JUNE 30 2016 BALANCE JULY 1 2016 SALES OFFICE RENT BANK LOAN COMMITMENT FEE & JULY 1 2016 LEGAL FEES

JULY 31 2016 SALES STAFF PAYCHECK JULY 31 2016 BALANCE

AUGUST 1 2016 SALES OFFICE RENT AUGUST 1 2016 BANK LOAN INTEREST PAYMENT AUGUST 31 2016 SALES STAFF PAYCHECK AUGUST 31 2016 SEPTEMBER 1 2016 SEPTEMBER 1 2016 SEPTEMBER 1 2016

BALANCE PURCHASE LAND SALES OFFICE RENT BANK LOAN INTEREST PAYMENT

$ -$

-

FEBRUARY 1 2016 SECURE LAND (1% DEPOSIT)

FEBRUARY 29 2016 BALANCE

AMOUNT

EXPENSE EXPENSE

-$

40,811.57

-$

51,309.44 -

-$ -$

EXPENSE EXPENSE EXPENSE EXPENSE

-$

EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE -

-

13,333.33

-$

25,385.00

-$

149,495.00

-$

13,333.33 -

-$

153,928.32

-$ -$

239,200.00 3,950.00

-$

400,000.00

-$

7,500.00

-$

13,333.33

-

-$

3,950.00

-$

254,801.87

-$

-

13,333.33

EXPENSE EXPENSE

-$ -$

3,950.00 33,708.07

EXPENSE

-$

13,333.33

-$ -$ -$

4,218,065.64 3,950.00 33,708.07

EXPENSE EXPENSE EXPENSE

$

8,966,100.15

$

8,873,979.14

$

8,859,745.80

$

8,846,412.47

$

8,658,199.14

$

7,840,287.48

$

7,568,202.28

$

7,517,210.88

900.00 13,333.33 -

EXPENSE

8,966,172.15 72.00 -

-

TOTAL

57

1166 WELLINGTON STREET WEST

DATE

ITEM

SEPTEMBER 30 2016 SALES STAFF PAYCHECK SEPTEMBER 30 2016 BALANCE PAY CONSULTANTS FOR DESIGN DEVELOPMENT (%15 CONSULTANT OCTOBER 1 2016 FEES) REMAINDER OF CITY APPROVALS & OCTOBER 1 2016 APPLICATION FEES OCTOBER 1 2016 SALES OFFICE RENT OCTOBER 1 2016 BANK LOAN INTEREST PAYMENT FIND RENTAL CORPORATION BUYER OCTOBER 1 2016 (93 UNITS SOLD - 43% PRE SALES) OCTOBER 31 2016 SALES STAFF PAYCHECK OCTOBER 31 2016 BALANCE NOVEMBER 1 2016 SALES OFFICE RENT NOVEMBER 1 2016 BANK LOAN INTEREST PAYMENT NOVEMBER 30 2016 SALES STAFF PAYCHECK NOVEMBER 30 2016 BALANCE DECEMBER 1 2016 SALES OFFICE RENT DECEMBER 1 2016 BANK LOAN INTEREST PAYMENT DECEMBER 1 2016 COST CONSULTANT INSPECTION DECEMBER 30 2016 SALES STAFF PAYCHECK DECEMBER 30 2016 BALANCE PAY CONSULTANTS FOR 66% CONSTRUCTION DOCUMENTS (%15 JANUARY 1ST 2017 OF CONSULTANT FEES) JANUARY 1 2017 SALES OFFICE RENT JANUARY 1 2017 BANK LOAN INTEREST PAYMENT JANUARY 31 2017 SALES STAFF PAYCHECK JANUARY 31 2017 BALANCE

FEBRUARY 1 2017 SALES OFFICE RENT FEBRUARY 1 2017 BANK LOAN INTEREST PAYMENT FEBRUARY 28 2017 SALES STAFF PAYCHECK FEBRUARY 28 2017 BALANCE MARCH 1 2017 SALES OFFICE RENT MARCH 1 2017 BANK LOAN INTEREST PAYMENT MARCH 31 2017 SALES STAFF PAYCHECK MARCH 31 2017 BALANCE

58

TYPE EXPENSE

AMOUNT -$

EXPENSE EXPENSE EXPENSE EXPENSE INCOME EXPENSE

EXPENSE

-$

153,928.32

-$ -$ -$

2,831,747.97 3,950.00 33,708.07

$

22,328,135.64

-$

13,333.33 -

-$ -$

3,950.00 33,708.07

-$

13,333.33

EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE -

3,950.00 33,708.07 1,800.00

-$

13,333.33

-$

-

-

13,333.33

-$ -$

3,950.00 33,708.07

EXPENSE

-$

13,333.33

EXPENSE EXPENSE EXPENSE -

3,248,153.84

$

22,539,621.79

$ 22,435,838.98

153,928.32 3,950.00 33,708.07

EXPENSE EXPENSE -

$

$ 22,488,630.38

-$ -$ -$

-$ -$ -$

TOTAL

13,333.33 -

EXPENSE EXPENSE

SURGE DEVELOPMENTS

-

$

-$ -$

3,950.00 33,708.07

-$

13,333.33 -

$ 22,230,919.26

22,179,927.86

$ 22,128,936.46

1166 WELLINGTON STREET WEST

DATE

ITEM

APRIL 1 2017 BANK LOAN INTEREST PAYMENT PAY CONSULTANTS FOR 99% CONSTRUCTION DOCUMENTS (15% APRIL 1 2017 OF CONSULTANT FEES) APRIL 1 2017 SALES OFFICE RENT APRIL 30 2017 SALES STAFF PAYCHECK APRIL 30 2017 BALANCE PAY CONSULTANTS FOR TENDERING & BIDDING (%5 OF CONSULTANT MAY 1ST 2017 FEES) MAY 1 2017 SALES OFFICE RENT MAY 1 2017 BANK LOAN INTEREST PAYMENT TARION HOME BUILDER MAY 1 2017 REGISTRATION FEE REACH 80% PRESALES (SELL MAY 1 2017 ADDITIONAL 37 CONDO UNITS) MAY 31 2017 SALES STAFF PAYCHECK MAY 31 2017 BALANCE JUNE 1ST 2017 JUNE 1 2017 JUNE 1 2017 JUNE 1 2017

CONSULTANT CONSTRUCTION BILL #1 (1.66% OF CONSULTANT FEES) SALES OFFICE RENT BANK LOAN INTEREST PAYMENT COST CONSULTANT INSPECTION

JUNE 30 2017 SALES STAFF PAYCHECK JUNE 30 2017 BALANCE CONSULTANT CONSTRUCTION BILL JULY 1 2017 #2 (1.66% OF CONSULTANT FEES) JULY 1 2017 SALES OFFICE RENT JULY 1 2017 BANK LOAN INTEREST PAYMENT JULY 31 2017 SALES STAFF PAYCHECK JULY 31 2017 BALANCE

CONSULTANT CONSTRUCTION BILL AUGUST 1 2017 #3 (1.66% OF CONSULTANT FEES) AUGUST 1 2017 SALES OFFICE RENT AUGUST 1 2017 BANK LOAN INTEREST PAYMENT AUGUST 31 2017 SALES STAFF PAYCHECK AUGUST 31 2017 BALANCE

TYPE

SURGE DEVELOPMENTS

AMOUNT -$

33,708.07

EXPENSE

-$ -$

153,928.32 3,950.00

EXPENSE

-$

13,333.33

EXPENSE EXPENSE

EXPENSE EXPENSE EXPENSE EXPENSE INCOME EXPENSE

-

-$ -$ -$

51,309.44 3,950.00 33,708.07

-$

2,500.00

$

15,463,003.16

-$

13,333.33

EXPENSE

-

EXPENSE EXPENSE EXPENSE

-$ -$ -$ -$

18,324.80 3,950.00 33,708.07 1,800.00

EXPENSE

-$

13,333.33

EXPENSE

-

EXPENSE EXPENSE

-$ -$ -$

18,324.80 3,950.00 33,708.07

EXPENSE

-$

13,333.33

EXPENSE

-

EXPENSE EXPENSE

-$ -$ -$

18,324.80 3,950.00 33,708.07

EXPENSE

-$

13,333.33

-

-

TOTAL

$

21,924,016.74

$

37,282,219.06

$

37,211,102.86

$

37,141,786.66

$ 37,072,470.46

59

1166 WELLINGTON STREET WEST

DATE

ITEM

CONSULTANT CONSTRUCTION BILL SEPTEMBER 1 2017 #4 (1.66% OF CONSULTANT FEES) SEPTEMBER 1 2017 SALES OFFICE RENT SEPTEMBER 1 2017 BANK LOAN INTEREST PAYMENT SEPTEMBER 30 2017 SALES STAFF PAYCHECK SEPTEMBER 30 2017 BALANCE CONSULTANT CONSTRUCTION BILL OCTOBER 1 2017 #5 (1.66% OF CONSULTANT FEES) OCTOBER 1 2017 SALES OFFICE RENT OCTOBER 1 2017 BANK LOAN INTEREST PAYMENT OCTOBER 31 2017 SALES STAFF PAYCHECK OCTOBER 31 2017 BALANCE CONSULTANT CONSTRUCTION BILL NOVEMBER 1 2017 #6 (1.66% OF CONSULTANT FEES) NOVEMBER 1 2017 SALES OFFICE RENT NOVEMBER 1 2017 BANK LOAN INTEREST PAYMENT CONSTRUCTION COST NOVEMBER 1 2017 UNDERGROUND PARKING FIND COMMERCIAL ANCHOR NOVEMBER 1 2017 TENANT (CRU 3 + 28 PARKING) BANK LOAN 1ST DRAW - 25% NOVEMBER 1 2017 (BACKFILL COMPLETE) NOVEMBER 30 2017 SALES STAFF PAYCHECK NOVEMBER 30 2017 BALANCE DECEMBER 1ST 2017 DECEMBER 1 2017 DECEMBER 1 2017 DECEMBER 1 2017

CONSULTANT CONSTRUCTION BILL #7 (1.66% OF CONSULTANT FEES) SALES OFFICE RENT BANK LOAN INTEREST PAYMENT COST CONSULTANT INSPECTION

DECEMBER 31 2017 SALES STAFF PAYCHECK DECEMBER 31 2017 BALANCE CONSULTANT CONSTRUCTION BILL JANUARY 1ST 2018 #8 (1.66% OF CONSULTANT FEES) JANUARY 1 2018 SALES OFFICE RENT JANUARY 1 2018 BANK LOAN INTEREST PAYMENT JANUARY 31 2018 SALES STAFF PAYCHECK JANUARY 31 2018 BALANCE

60

TYPE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE

EXPENSE

AMOUNT -$ -$ -$

18,324.80 3,950.00 33,708.07

-$

13,333.33

EXPENSE EXPENSE EXPENSE INCOME INCOME EXPENSE

18,324.80 3,950.00 33,708.07

-$

13,333.33 18,324.80 3,950.00 33,708.07

-$

2,260,000.00

$

6,684,395.60

$

6,135,671.74

-$

13,333.33 -

-$ -$ -$ -$

18,324.80 3,950.00 33,708.07 1,800.00

EXPENSE

-$

13,333.33

EXPENSE

-

$ 47,353,473.00

EXPENSE EXPENSE

-$ -$ -$

18,324.80 3,950.00 33,708.07

EXPENSE

-$

13,333.33

-

-

$ 37,003,154.26

$ 47,424,589.20

EXPENSE EXPENSE EXPENSE -

TOTAL

$ 36,933,838.06

-$ -$ -$

EXPENSE

-

-$ -$ -$

EXPENSE

SURGE DEVELOPMENTS

$ 47,284,156.80

1166 WELLINGTON STREET WEST

DATE

ITEM

CONSULTANT CONSTRUCTION BILL FEBRUARY 1 2018 #9 (1.66% OF CONSULTANT FEES) FEBRUARY 1 2018 SALES OFFICE RENT FEBRUARY 1 2018 BANK LOAN INTEREST PAYMENT FEBRUARY 29 2018 SALES STAFF PAYCHECK FEBRUARY 29 2018 BALANCE CONSULTANT CONSTRUCTION BILL MARCH 1 2018 #10 (1.66% OF CONSULTANT FEES) MARCH 1 2018 SALES OFFICE RENT MARCH 1 2018 BANK LOAN INTEREST PAYMENT MARCH 31 2018 SALES STAFF PAYCHECK MARCH 31 2018 BALANCE APRIL 1 2018 APRIL 1 2018 APRIL 1 2018

APRIL 1 2018

CONSULTANT CONSTRUCTION BILL #11 (1.66% OF CONSULTANT FEES) SALES OFFICE RENT BANK LOAN INTEREST PAYMENT CONSTRUCTION COST RESIDENTIAL, COMMERCIAL, CONTINGENCY

FIND COMMERCIAL SECONDARY TENANT (CRU 1 + 10 PARKING) 1 2018 APRIL BANK LOAN 2ND DRAW - 25% APRIL 1 2018 (LOCK UP COMPLETE) APRIL 30 2018 SALES STAFF PAYCHECK APRIL 30 2018 BALANCE CONSULTANT CONSTRUCTION BILL MAY 1 2018 #12 (1.66% OF CONSULTANT FEES) MAY 1 2018 SALES OFFICE RENT MAY 1 2018 BANK LOAN INTEREST PAYMENT

MAY 31 2018 SALES STAFF PAYCHECK MAY 31 2018 BALANCE JUNE 1 2018 JUNE 1 2018 JUNE 1 2018 JUNE 1 2018

JUNE 1 2018 JUNE 1 2018

CONSULTANT CONSTRUCTION BILL #13 (1.66% OF CONSULTANT FEES) SALES OFFICE RENT BANK LOAN INTEREST PAYMENT COST CONSULTANT INSPECTION CONSTRUCTION COST MECHANICAL, ELECTRICAL, ELEVATORS BANK LOAN 3RD DRAW - 20%

JUNE 30 2018 SALES STAFF PAYCHECK JUNE 30 2018 BALANCE

TYPE EXPENSE

SURGE DEVELOPMENTS

AMOUNT

EXPENSE EXPENSE

-$ -$ -$

18,324.80 3,950.00 33,708.07

EXPENSE

-$

13,333.33

EXPENSE

-

$ 47,214,840.60

EXPENSE EXPENSE

-$ -$ -$

18,324.80 3,950.00 33,708.07

EXPENSE

-$

13,333.33

EXPENSE EXPENSE EXPENSE EXPENSE

INCOME INCOME EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE -

EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE INCOME EXPENSE -

-

$ 47,145,524.40

-$ -$ -$

18,324.80 3,950.00 33,708.07

-$

9,277,000.00

$

2,637,463.80

$ -$

6,135,671.74 13,333.33 -

-$ -$ -$

18,324.80 3,950.00 33,708.07

-$

-

13,333.33

-$ -$ -$ -$

18,324.80 3,950.00 33,708.07 1,800.00

-$ $

8,340,000.00 4,908,537.39

-$

-

TOTAL

13,333.33

$ 46,572,343.74

$ 46,503,027.54

$ 43,000,448.74

61

1166 WELLINGTON STREET WEST

DATE

ITEM

TYPE

CONSULTANT CONSTRUCTION BILL JULY 1 2018 #14 (1.66% OF CONSULTANT FEES) JULY 1 2018 SALES OFFICE RENT JULY 1 2018 BANK LOAN INTEREST PAYMENT CONSTRUCTION COST - FINISHES, JULY 1 2018 APPLIANCES, LANDSCAPING JULY 31 2018 SALES STAFF PAYCHECK JULY 31 2018 BALANCE CONSULTANT CLOSE OUT BILL (%5 AUGUST 1 2018 OF CONSULTANT FEES) AUGUST 1 2018 BANK LOAN INTEREST PAYMENT LEED CERTIFICATION & AUGUST 1 2018 COMMISSIONING FEE BANK LOAN 4TH DRAW - 30% AUGUST 1 2018 (FINAL DRAW AFTER CLOSE-OUT)

AUGUST 31 2018 SALES STAFF PAYCHECK AUGUST 31 2018 BALANCE

SEPTEMBER 1 2018 PAY SALES COMMISSION SEPTEMBER 1 2018 BANK LOAN INTEREST PAYMENT REACH 100% SALES (SELL FINAL 32 SEPTEMBER 1 2018 UNITS) FIND COMMERCIAL FINAL TENANT SEPTEMBER 1 2018 (CRU 1 + 13 PARKING) SEPTEMBER 1 2018 REPAY BANK LOAN IN FULL SEPTEMBER 1 2018 BALANCE -

62

EXPENSE EXPENSE EXPENSE EXPENSE EXPENSE

AMOUNT -$ -$ -$

18,324.80 3,950.00 33,708.07

-$

1,690,000.00

-$

13,333.33

EXPENSE EXPENSE EXPENSE INCOME

SURGE DEVELOPMENTS

-

$

-$ -$

51,309.44 33,708.07

-$

88,201.25

$

7,362,806.09

EXPENSE

-$

EXPENSE EXPENSE

-$ -$

1,270,680.27 33,708.07

$

24,654,900.65

$ -$

3,605,167.76 24,542,686.97 -

-$

8,966,172.15

-

INCOME INCOME EXPENSE -

EXTRACT DEVELOPER EQUITY TOTAL PROFIT

-

-

TOTAL

13,333.33

41,241,132.54

$ 48,417,386.54

$ 50,830,379.64

$ 41,864,207.49

EQUITY & LOANS

CONSULTANT TOTAL

TARION TOTAL

FINANCING TOTAL

CONSTRUCTION TOTAL

LEED TOTAL

MARKETING TOTAL

SALES REVENUE TOTAL

PERMITS & DEVELOPMENT

11.0 PROJECT TIMELINE / SCHEDULE THE WELL PROJECT SCHEDULE TASK SITE SELECTION SECURE LAND & INITIATE DUE DILIGENCE

SITE ANALYSIS

PRE‐DEVELOPMENT

MARKET ANALYSIS SCHEMATIC DESIGN INITIAL PRO FORMA SITE PLAN APPLICATION, PUBLIC CONSULTATION & MEETINGS

DESIGN DEVELOPMENT BEGIN LEASE OF SALES OFFICE, RENO. & CREATION OF MARKETING MATERIAL

PURCHASE LAND CONSTRUCTION DOCUMENTS CITY APPLICATIONS & APPROVALS SALES TENDER, BIDDING, CONTRACT AWARD CONSTRUCTION START‐UP & MOBILIZATION ON SITE

DEMOLITION BREAK GROUND / EXCAVATION

DEVELOPMENT

SOIL REMEDIATION (IF REQUIRED) POUR FOUNDATION POUR STRUCTURAL COLUMNS & SLABS

POUR CORES INSTALL BUILDING CLADDING COMPLETE BUILDING ENVELOPE INSTALL SYSTEMS INTERIOR PARTITIONS FINISHING, INSTALLATION OF APPLIANCES & FIXTURES

CLOSE‐OUT

LANDSCAPING CONSTRUCTION CLOSE OUT & BUILDING INSPECTION OCCUPANCY REGISTER WITH CONDO BOARD

JAN ‐ APR

2016 MAY ‐ AUG

SEP ‐ DEC

JAN ‐ APR

2017 MAY ‐ AUG

SEP ‐ DEC

JAN ‐ APR

2018 MAY ‐ AUG

SEP ‐ DEC

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

12.0 GO/NO-GO CRITERIA

YES

MARKET DEMAND

NO

NO-GO

FINANCING AVAILABLE

YES

COMMUNITY SUPPORT

YES

PRE-SALE

80% SOLD

LESS THAN 15% PROFIT

YES

UNSUCESSFUL

DUE DILIGENCE: CLEAN SITE

NO COOPERATION

[1947] APPLIED TO 407 PARKDALE

NO

ZONING VARIANCE

NO

NG NI O Z ED RE NI DE

PROFIT

MIN 15%

GO

65

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

13.0 APPENDIX A - FINANCING SUMMARY NOTES

FINANCING SUMMARY $33,508,859.12

TOTAL EXPENSES FINANCING PACKAGE Bank Loan @ "3.14%" TOTAL FINANCING

0.75 x (expenses

73.24%

$24,542,686.97 before commitment $24,542,686.97 fee + interest) (Total expenses with

SOURCES OF EQUITY Developer TOTAL EQUITY INVESTMENT

INTEREST Bank Loan @ 3.14% interest rate for 26 month term Total Interest Paid

66

26.76%

commitment fee +

$8,966,172.15 interest) - bank loan $8,966,172.15

NOTES Sum of all interest payments. See

$876,409.74 amortization schedule for breakdown of $876,409.74 interest

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

13.1 AMORTIZATION SCHEDULE AMORTIZATION SCHEDULE MONTH 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

START BALANCE $24,542,686.97 $23,629,249.43 $22,713,421.73 $21,795,197.61 $20,874,570.81 $19,951,535.03 $19,026,083.98 $18,098,211.33 $17,167,910.75 $16,235,175.88 $15,300,000.35 $14,362,377.78 $13,422,301.77 $12,479,765.89 $11,534,763.71 $10,587,288.77 $9,637,334.61 $8,684,894.73 $7,729,962.63 $6,772,531.80 $5,812,595.69 $4,850,147.75 $3,885,181.40 $2,917,690.05 $1,947,667.10 $975,105.93

PRINCIPAL $913,437.54 $915,827.70 $918,224.12 $920,626.80 $923,035.78 $925,451.05 $927,872.65 $930,300.58 $932,734.87 $935,175.53 $937,622.57 $940,076.01 $942,535.88 $945,002.18 $947,474.94 $949,954.16 $952,439.88 $954,932.10 $957,430.83 $959,936.11 $962,447.94 $964,966.35 $967,491.35 $970,022.95 $972,561.17 $975,105.93

INTEREST $64,220.03 $61,829.87 $59,433.45 $57,030.77 $54,621.79 $52,206.52 $49,784.92 $47,356.99 $44,922.70 $42,482.04 $40,035.00 $37,581.56 $35,121.69 $32,655.39 $30,182.63 $27,703.41 $25,217.69 $22,725.47 $20,226.74 $17,721.46 $15,209.63 $12,691.22 $10,166.22 $7,634.62 $5,096.40 $2,551.53

PAYMENT $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $977,657.57 $0.00

*Final payment has been adjusted to account for payments having been rounded to the nearest cent

67

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

TYPICAL BACHELOR 14.0 APPENDIX DRAWINGS 19'.5B:XMARKETING 19' TYPICAL BACHELOR UNIT 19.5’ x 19’

L2

LIVING/BED/DINING 19' X 10' FOYER

KITCHEN 7' X 10'

BALCONY 3'-9” X 8'

1:50

• TOTAL TYPICAL BACHELORS: 21 • SALE PRICE: $209,942.95 - $229.514.67 • 420 SQFT INTERIOR SPACE • 30 SQFT EXTERIOR SPACE 68

TYPICAL 1 BDRM 19'.5 X 32'

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

TYPICAL 1 BEDROOM UNIT 19.5’ x 32’

L2

BEDROOM 13.5' X 10'

FOYER LIVING 9' X 10'

KITCHEN/DINING 14' X 15'

BALCONY 3'-9” X 8'

1:50

• TOTAL TYPICAL 1-BEDROOM UNITS: 38 • SALE PRICE: $325,881.59 - $356,261.57 • 670 SQFT INTERIOR SPACE • 30 SQFT EXTERIOR SPACE

69

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

14.1 3 TIER FINISH SCHEDULE F I NI S H T Y P E

P R O D U CT

NO T E S

D E S C RI PT I O N

" G R E E N" F E A T UR E S

CO S T

S O U R CE

TIER 1 FINISHES LIVING & BEDROOM FLOORING

QEP BY AMORIM.

• Rapidly

https://www.homedepot.ca

Wide Plank Printed

Material

hickory-wide-plank-printed-

Natural Hickory

Renewable

Cork 13/32 Inches

$3.79/sq.ft.

Thick x 7-9/32

Inches Width x 35-

• Innovation in

Flooring MSI STONE ULC.

Design • GREENGUARD

KITCHEN COUNTER

cork-1332--inches--thick-x-7-932--inches--width-x-35-

58--inches--length-flooring1441-

sqftcase.1000762829.html https://www.homedepot.ca

Indoor Air Quality /en/home/p.azul-12-inch-x-

Azul 12 inch x 12

$2.23/sq. ft. Certified

inch Glazed

Porcelain Floor &

BATHROOM FLOORING

• Recycled Content

5/8 Inches Length

KITCHEN FLOORING

• Low VOC's

/en/home/p.natural-

12-inch-glazed-porcelainfloor--wall-tile-15-sq-ft-case.1000742745.html

Wall Tile MSI STONE ULC.

• GREENGUARD

https://www.homedepot.ca

Indoor Air Quality /en/home/p.onyx-crystal-

Onyx Crystal 18

$2.97/sq.ft. Certified

inch x 18 inch Glazed Polished Porcelain Tiles BELANGER

18-inch-x-18-inch-glazedpolished-porcelain-tiles135-sq-ft--

LAMINATE

Moulded counter.

NO

http://www.rona.ca/en/mo

NO

https://www.lowes.ca/white-

ulded-counter-58166259--1

$59.49

4 ft. x 25 1/2 in.

Model no 2300.

Mystic Dawn style.

KITCHEN BASE CABINET

KITCHEN DRAWERS

Cutler WCSB24 24in White Door Base Cabinet

$239, assume 2 per unit

$478.00

24-in-white-door-base-

NO

34 3/4-in H x 18-in White Drawer Base

collection/cutler-wcsb24cabinet_g1447838.html

Cutler WCSB3D18 W x 23 1/2-in D

BATHROOM VANITY

34-34-in-h-x-18-in-w-x-23-

NO

$747.00

https://www.lowes.ca/whitechocolate-cabinet-

collection/cutler-wcsu3030-

30-in-x-30-14-in-white-wallcabinet_g1447172.html

AVANITY. Sonoma

• Materials Reuse https://www.homedepot.ca

/en/home/p.sonoma-31-in-

31 In. Vanity

Restored Khaki

70

cabinet_g1447841.html

30-in x 30-1/4-in

Cabinet Only in

chocolate-cabinet-

12-in-d-white-drawer-base-

Cutler WCSU3030

$249, White Wall Cabinet assume 3 per unit

https://www.lowes.ca/whitecollection/cutler-wcsb3d18-

$299.00

Cabinet

KITCHEN UPPER CABINET

chocolate-cabinet-

$1,038.89

vanity-cabinet-only-inrestored-

khaki.1000814367.html

1166 WELLINGTON STREET WEST

F IN IS H T Y P E

PRO DUCT

D E S C RI PT I O N

NO TES

SURGE DEVELOPMENTS

"G R E E N " FEATURES

CO ST

SO URCE

PLUMBING FIXTURES KITCHEN SINK

BATHROOM SINK

FACTO Double

Sink, 20.5x31.5x7"

• 76% Post-

$109.00

FOREMOST. Sink -

White Cultured

ble-sink-03445057--1

Recycled Steel -

Recycled Content

NO

Front Slopped

Vessel Lavatory -

consumer

http://www.rona.ca/en/dou

http://www.rona.ca/en/sinkfront-sloped-vessel-

lavatory-white-cultured-

$109.00

marble-78195022

Marble

BATHROOM TOILET

BATH TUB

UBERHAUS. Dual

• WaterSense

http://www.rona.ca/en/toile

Toilet

Reduction in

toilet

RONA ECO.

• Low VOC's

http://www.rona.ca/en/pla

Bathtub, 60x31x20"

manufacturing

20035085

Flush 2-Piece

Certified - 20%

$135.15

"Plenitude"

Water Use

during

$431.00

t---dual-flush-2-piece-

nitude-right-bathtub-

• Reduction in

energy used during manufacturing

APPLIANCES REFRIGERATOR

GE. 17.5cu. Ft. FrostFree Top Freezer Refridgerator in Slate.

RANGE

DISHWASHER

$998.00

Energy

/en/home/p.175-cu-ft-frostrefrigerator-in-

slate.1000813860.html https://www.homedepot.ca /en/home/p.slate-30-inslide-in-cleandesign-

$1,498.00

electric-convection-range--jcs860efes.1000800825.html

Tall Tub

Front Controls

free-top-freezer-

NO

GE. Slate Built-In Dishwasher with

Reduction in Consumption

Slide-In Clean

Convection Range

https://www.homedepot.ca

Certified -

GE. Slate 30 In. Design Electric

• Energy Star

• Energy Star

https://www.homedepot.ca

Reduction in

tall-tub-dishwasher-with-

Certified -

$748.00

Energy

Consumption

/en/home/p.slate-built-infront-controls---

gdf540hmfes.1000800726.h tml

71

1166 WELLINGTON STREET WEST

F IN IS H T Y P E

MICROWAVE OVER RANGE

WASHER & DRYER COMBINATION

PRO DUCT

D E S C RI PT I O N

NO TES

CO ST

GE. Slate 1.7 Cu.Ft. Over-The-Range

$498.00

Microwave Oven

WHIRLPOOL. Combination

Washer/Electric

Dryer with Fabric

Softener Dispenser

SURGE DEVELOPMENTS

"G R E E N " FEATURES • Energy Star

https://www.homedepot.ca

Reduction in

over-the-range-microwave-

Consumption

jvm6175slvc.1000758820.ht ml https://www.homedepot.ca

Certified Energy

Not Included

• Energy Star

Units -

Reduction in

Certified -

in Rental

Communal Laundry

$1,498.00

SO URCE

Energy

Consumption

Rooms

/en/home/p.slate-17-cuftoven---

/en/home/p.combination-

washerelectric-dryer-with-

fabric-softener-dispenser--ywet4024ew.1000830139.ht ml

Provided

LIGHT FIXTURES LIVING, BEDROOM, & KITCHEN LIGHT FIXTURE BATHROOM FIXTURES

72

CANARM.

"Contemporary"

Fluorescent Light Fixture.

UBERHAUS.

"Quinn" Ceiling Fixture

$23.99 Each, Assume 3 $31.99 Each, Assume 2

• Energy Star

$71.97

$63.98

http://www.rona.ca/en/futu

Certified - 75%

ra-fluorescent-light-fixture

• Energy Star

http://www.rona.ca/en/qui

Reduction in Energy

Certified - 75% Reduction in Energy

nn-ceiling-fixture-34245100

1166 WELLINGTON STREET WEST

F IN IS H T Y P E

PRO DUCT

D E S C RI PT I O N

NO TES

SURGE DEVELOPMENTS

"G R E E N " FEATURES

CO ST

SO URCE

TIER 2 FINISHES LIVING & BEDROOM FLOORING

MULLICAN

NO

FLOORING. 3 1/4 Oak Cracked

pepper-wire-brushed-34-

$5.97/sq.ft.

inch-solid-hardwoodflooring-27--

Brushed 3/4 Inch

sqftcase.1000747011.html

Solid Hardwood

BATHROOM FLOORING

Flooring SASSI. Walnut

NO

Travertine.

• Less Raw

Marble look,

Consumption

Material

Process • Lower Water Consumption during Manufacturing NO

Countertops

1152349 Calcutta

straight-laminate-

countertop_g1432282.html

Countertop Kitchen Classics 36-

NO

in H x 30-in W x 24-

$299, Assume 2

d-brookton-chocolate-

door-and-drawer-basecabinet_g2235399.html

NO

Brookton 35-in x Chocolate

Espresso Birch Drawer Base Cabinet

kton-cabinet-

36-in-h-x-30-in-w-x-24-in-

$538.00

Kitchen Classics 18-in x 23.75-in

https://www.lowes.ca/broo collection/kitchen-classics-

Cabinet

KITCHEN DRAWERS

en-countertops/vti-fine-

1152349-calcutta-marble-

Laminate

and Drawer Base

https://www.lowes.ca/kitch laminate-countertops-

$70.00

Marble Straight

Chocolate Door

celain-tiles

$3.99/sq.ft. Manufacturing

VTI Fine Laminate

in D Brookton

http://www.rona.ca/en/por

during

5/8x23 5/8"

KITCHEN BASE CABINET

/en/home/p.walnut-

ftcase.1000664646.html

UBERHAUS.

Porcelain Tiles.

https://www.homedepot.ca travertine---8-sq-

$3.49/sq.ft.

Grey/Beige, 23

KITCHEN COUNTER

/en/home/p.3-14-inch-

whiskey-plank-oak-cracked-

Inch Whiskey Plank

Pepper Wire

KITCHEN FLOORING

https://www.homedepot.ca

$269.00

https://www.lowes.ca/broo kton-cabinet-

collection/kitchen-classicsbrookton-35-in-x-18-in-x2375-in-chocolate-

espresso-birch-drawerbase-

73

1166 WELLINGTON STREET WEST

F IN IS H T Y P E

KITCHEN DRAWERS

PRO DUCT

D E S C RI PT I O N in H x 36-in W x 12in D Brookton

Door Wall Cabinet

NO

$259, Assume 3

Sheffield 48 In. Vanity Cabinet

SO URCE https://www.lowes.ca/broo kton-cabinet-

collection/kitchen-classics-

$777.00

30-in-h-x-36-in-w-x-12-ind-brookton-chocolatesingle-door-wall-

WYNDHAM

COLLECTION.

"G R E E N " FEATURES

CO ST

Kitchen Classics 30-

Chocolate Single

BATHROOM VANITY

NO TES

SURGE DEVELOPMENTS

NO

$259, Assume 4

cabinet_g2223758.html https://www.homedepot.ca

/en/home/p.sheffield-48-invanity-cabinet-only-in-

$1,247.00

espresso.1000814572.html

Only in Espresso

PLUMBING FIXTURES KITCHEN SINK

UBERHAUS.

Double Sink, 20.5x31.5x8"

BATHROOM SINK

UBERHAUS. Oval

TOILET

UBERHAUS. 2

Lavatory Vessel, 18 3/8x15/6 5/8"

consumer

NO

http://www.rona.ca/en/vess

• WaterSense

http://www.rona.ca/en/2-

$1,150.80

el---oval-lavatory-vessel

pieces-toilet

Reduction in Water Use

NO

Mariposa(R) 6 Foot

ble-sink-03445060--1

Recycled Content

Certified - 20%

$198.05

http://www.rona.ca/en/dou

Recycled Steel -

$164.00

KOHLER.

Bath in White

74

$256.00

Piece Toilet,

Format 4LT-6LT

BATH TUB

• 76% Post-

https://www.homedepot.ca /en/home/p.mariposar-6foot-bath-in-

white.1000703884.html

1166 WELLINGTON STREET WEST

F IN IS H T Y P E

PRO DUCT

D E S C RI PT I O N

NO TES

SURGE DEVELOPMENTS

"G R E E N " FEATURES

CO ST

SO URCE

APPLIANCES REFRIGERATOR

SAMSUNG. 28 cu. ft. Three-Door

https://www.homedepot.ca

Reduction in

door-french-door-

Certified -

French Door

$1,888.00

Refrigerator in Stainless Steel

RANGE

• Energy Star

Energy

Consumption

https://www.homedepot.ca

Self Clean Elec

Reduction in

freestanding-self-clean-

Certified -

$1,298.00

Warming Drawer,

Energy

Consumption

/en/home/p.30-inch-

elec-range-flex-duo-oven-

twin-fan-warming-drawerbridge-burner---

ne59j7750ws.1000831241.ht

Bridge Burner

ml

SAMSUNG. 24 In. Fully Integrated

• Energy Star

https://www.homedepot.ca

Reduction in

integrated-built-in-

Certified -

Built-In Dishwasher

$798.40

Stainless Steel Tub

Energy

Consumption

SAMSUNG. 1.7 Cu.

NO

Ft. Over the Range Convection

/en/home/p.24-in-fully-

dishwasher-stainless-steeltub.1000681398.html

https://www.homedepot.ca /en/home/p.17-cu-ft-overthe-range-convection-

$598.00

Microwave Hood

microwave-hood-combowith-ceramic-cavity---

Combo with

mc17f808kdt.1000808843.ht

Ceramic Cavity

WASHER/DRYER COMBINATION

steel.1000789316.html

• Energy Star

Inch. Freestanding

Oven, Twin Fan,

MICROWAVE

refrigerator-in-stainless-

SAMSUNG. 30

Range, Flex Duo

DISHWASHER

/en/home/p.28-cu-ft-three-

WHIRLPOOL.

NO

Combination

Washer/Electric

/en/home/p.combinationwasherelectric-dryer---

$1,698.00

Dryer

ml https://www.homedepot.ca

ywet4027ew.1000830141.ht ml

LIGHT FIXTURES LIVING, BEDROOM, & KITCHEN LIGHT FIXTURE

UBERHAUS. 3 Light

BATHROOM FIXTURES

PROGRESS

Flushmount

LIGHTING. Inspire

Collection Brushed

$75.99 Each, Assume 3

$227.97

• Energy Star

http://www.rona.ca/en/3-

Reduction in

-1

NO

https://www.homedepot.ca

Certified - 70% Energy

$93.60

Nickel 3-light Bath Light

TIER 2 COST TO UPGRADE

light-flushmount-43855051-

/en/home/p.inspire-

collection-brushed-nickel-3light-bath-

light.1000761323.html

STARTING AT: $7.41/sq.ft.

75

1166 WELLINGTON STREET WEST

F I NI S H T Y P E

P R O D U CT

NO T E S

D E S C RI PT I O N

SURGE DEVELOPMENTS

" G R E E N" F E A T UR E S

CO S T

S O U R CE

TIER 3 FINISHES LIVING & BEDROOM FLOORING

KITCHEN FLOORING

NORTHERN WIDE

• Made from

PLANK. Artifax -

Reclaimed Elm -

Coach House

$14.25/sq.ft.

Reclaimed Elm

BATHROOM WALL TILE

a/product/coach-house/

Materials Reuse

• Locally Sourced -

Made from Ontario Barns • Made up of 40% https://www.homedepot.ca

NEW TOWN. 12 x 24 Campania

$6.04/sq.ft.

Fieldstone Glazed

recycled content

/en/home/p.12-x-24-

campania-fieldstone-

glazed-porcelain---12-sq-

Porcelain

BATHROOM FLOORING

http://northernwideplank.c

ftcase.1000673557.html

NEW TOWN. 13 x

• Made up of 21% https://www.homedepot.ca

13 Frost Ice Colour

recycled content

Body Porcelain

ftcase.1000673499.html

NO

"Michigan Tab"

$4.84/sq.ft.

Wall Ceramic,

ice-colour-body-porcelain--1547-sq-

$5.53/sq.ft

MONO SERRA.

/en/home/p.13-x-13-frost-

http://www.rona.ca/en/cera mic---michigan-tab-wallceramic

Tabaco Colour

KITCHEN BACKSPLASH

KITCHEN COUNTER

KITCHEN BASE CABINET

KITCHEN DRAWERS

76

SASSI. Expresso

NO

Blend Random Strip Mosaics

Travertine Silver

EL00 Samba

EL00 Samba

ertops/vti-fine-laminate-

travertine-silver-straightlaminate-kitchen-

countertop_g1432331.html

$310 Each, Assume 3

NO

As quoted from support

NO

As quoted from support

staff at Home Depot.

$930.00

EUROSTYLE. Base 12", BD12, Finish

https://www.lowes.ca/count countertops-11348-

$134.00

Straight Laminate Kitchen Countertop 72" EUROSTYLE. Base 24", BD24, Finish

mosaics.1000679221.html

NO

Countertops

/en/home/p.expressoblend-random-strip-

$13.36/sq.ft.

VTI Fine Laminate

https://www.homedepot.ca

$353.00

staff at Home Depot.

1166 WELLINGTON STREET WEST

F I NI S H T Y P E

P R O D U CT

DESCRIPTION

KITCHEN UPPER CABINET

EUROSTYLE. Wall

BATHROOM VANITY

AVANITY. Modero

24", W2430, Finish EL00 Samba

NO T E S

$230 Each, Assume 3

White Finish

" G R E E N" F E A T UR E S

CO S T

S O U R CE

NO

As quoted from support

NO

https://www.homedepot.ca

staff at Home Depot.

$860.00

60 Inch Single Vanity Only in

SURGE DEVELOPMENTS

/en/home/p.modero-60-

inch-single-vanity-only-in-

$1,652.78

white-finish-faucet-not-

included.1000724590.html

PLUMBING FIXTURES KITCHEN SINK

BLANCO. "Vienna

NO

210" Double

Kitchen Sink, 31x20 1/2x8"

http://www.rona.ca/en/sink--vienna-210-doublekitchen-sink

$429.00

BATHROOM SINK

FOREMOST.

BATHROOM TOILET

AMERICAN

• WaterSense

http://www.rona.ca/en/dua

Flush Elongated

Reduction in

00535038

• 90% less VOCs

http://www.ca.kohler.com/

manufacturing

m=thumb&frm=null&mod

NO

"Bellagio"

Rectangular Vessel

Toilet, Format 3.5-

Certified - 20%

$330.65

4.8L

BATH TUB

Archer® 60" x 30"

drop-in whirlpool K-1947

l-flush-elongated-toilet-

Water Use

produced during

$2,182.00

agio-rectangular-vessel78195005

$194.00

STANDARD. Dual

http://www.rona.ca/en/bell

onlinecatalog/detail.jsp?fro ule=Bathing&item=250367 02&prod_num=1947&secti on=2&category=10&result Page=0--1220904784

77

1166 WELLINGTON STREET WEST

F I NI S H T Y P E

P R O D U CT

DESCRIPTION

NO T E S

SURGE DEVELOPMENTS

" G R E E N" F E A T UR E S

CO S T

S O U R CE

APPLIANCES REFRIGERATOR

WHIRLPOOL. 26.8

• Energy Star

https://www.homedepot.ca

Bottom Freezer

Reduction in

french-door-bottom-

cu. ft. French Door

Certified -

$3,148.00

Refrigerator with

StoreRight System

Consumption

in Black

RANGE

Energy

WHIRLPOOL. 6.2

NO

cu.ft. Slide-in

Electric Range with

black.1000833150.html https://www.homedepot.ca /en/home/p.62-cuft-slide-

convection---

WHIRLPOOL.

• Energy Star

Whirlpool Gold

Certified -

Dishwasher with

$998.00

TotalCoverage Spray Arm

MICROWAVE

storeright-system-in-

timesavor-plus-true-

True Convection

DISHWASHER

freezer-refrigerator-with-

in-electric-range-with-

$1,748.00

TimeSavor Plus

/en/home/p.268-cu-ft-

Reduction in Energy

Consumption

WHIRLPOOL. 2.0

NO

Cu.Ft. Microwave

ywee760h0de.1000810928.h https://www.homedepot.ca

/en/home/p.whirlpool-golddishwasher-with-

totalcoverage-spray-arm--wdt920sade.1000807747.ht ml

https://www.homedepot.ca /en/home/p.20-cuftmicrowave-hood-

Hood Combination

with CleanRelease

combination-with-

$648.00

Non-Stick Interior

cleanrelease-non-stickinterior---

ywmh53520ce.1000809988.

WASHER/ DRYER COMBINATION

LG. 2.7 Cu.Ft. All-In-

• Energy Star

One Washer/Dryer

Certified -

Combo

$2,598.00

Reduction in Energy

Consumption

html

https://www.homedepot.ca /en/home/p.27-cuft-all-in-

one-washerdryer-combo-wm3477hw.1000807404.ht ml

LIGHT FIXTURES LIVING, BEDROOM, & KITCHEN LIGHT FIXTURE

CONTEMPORARY

NO

BEAUTY.

Contemporary Beauty 3 Light

Flush Mount with

$194 Each, Assume 3

with-marbleized-glass-and-

$582.00

oil-rubbed-bronze-

finish.1000779589.html

and Oil Rubbed PROGRESS

NO

LIGHTING. Archie Collection

Venetian Bronze 3-

$184.00

78

https://www.homedepot.ca /en/home/p.archie-

collection-venetian-bronze3-light-vanity-

fixture.1000708815.html

light Vanity Fixture

TIER 3 COST TO UPGRADE

/en/home/p.contemporary-

beauty-3-light-flush-mount-

Marbleized Glass

BATHROOM FIXTURES

https://www.homedepot.ca

STARTING AT: $26.22/sq.ft.

15.0 LEED CHECKLIST LEED v4 for BD+C: New Construction and Major Renovation Project Checklist Y

?

Project Name: Date:

Credit

Integrative Process

12 2 18 Location and Transportation 16

1 2

1 16

5

Credit

LEED for Neighborhood Development Location

Credit

Sensitive Land Protection

1

Y

Credit

High Priority Site

2

3

16

Y

6

2 Materials and Resources 2

Storage and Collection of Recyclables

Required

Prereq

Construction and Demolition Waste Management Planning

Required

Credit

Building Life-Cycle Impact Reduction

Credit

Surrounding Density and Diverse Uses

5

2

Credit

5

Credit

Access to Quality Transit

5

2

Credit

1

Credit

Bicycle Facilities

1

2

Credit

1

Credit

Reduced Parking Footprint

1

1

Credit

Green Vehicles

1

0 Sustainable Sites

Y

Prereq

Construction Activity Pollution Prevention

1

Credit

2 1

10

2

13 Y

Credit

3

13

Prereq

5

3

2015-12-01

N

Y

7

The Well, Surge Developments, 1166 Wellington Street West

5

Building Product Disclosure and Optimization - Environmental Product Declarations Building Product Disclosure and Optimization - Sourcing of Raw Materials Building Product Disclosure and Optimization - Material Ingredients Construction and Demolition Waste Management

0 Indoor Environmental Quality

2 2 2 2

16

Prereq

Minimum Indoor Air Quality Performance

Required

Required

Y

Prereq

Environmental Tobacco Smoke Control

Required

Site Assessment

1

2

Credit

Enhanced Indoor Air Quality Strategies

2

Credit

Site Development - Protect or Restore Habitat

2

2

Credit

Low-Emitting Materials

3

Credit

Open Space

1

1

Credit

1

Credit

Rainwater Management

3

2

Credit

Construction Indoor Air Quality Management Plan Indoor Air Quality Assessment

2

Credit

Heat Island Reduction

2

1

Credit

Thermal Comfort

1

1

Credit

Light Pollution Reduction

1

2

Credit

Interior Lighting

2

Credit

Daylight

11

3

1

Credit

Quality Views

1

Credit

Acoustic Performance

1

3

8

3

0 Water Efficiency Prereq

Outdoor Water Use Reduction

Y

Prereq

Indoor Water Use Reduction

Required

Y

Prereq

Required

Credit

Building-Level Water Metering Outdoor Water Use Reduction

Credit

Indoor Water Use Reduction

6

2

Credit

Cooling Tower Water Use

2

1

Credit

Water Metering

1

Y

2 3

3

17 12 4 Energy and Atmosphere

2

Required

2

33

1

1 1

1

5 5

1

2 1

2

0 Innovation Credit

Innovation

Credit

LEED Accredited Professional

6 5 1

0 Regional Priority Credit

Regional Priority: Specific Credit

4 1

Credit

Regional Priority: Specific Credit

1

Y

Prereq

Fundamental Commissioning and Verification

Required

1

Credit

Regional Priority: Specific Credit

1

Y

Prereq

Minimum Energy Performance

Required

1

Credit

Regional Priority: Specific Credit

1

Y

Prereq

Building-Level Energy Metering

Required

Y

Prereq

Fundamental Refrigerant Management

Required

Credit

Enhanced Commissioning

6

Credit

Optimize Energy Performance

18

Credit

Advanced Energy Metering

1

Credit

Demand Response

2

Credit

Renewable Energy Production

3

Credit

Enhanced Refrigerant Management

1

Credit

Green Power and Carbon Offsets

2

6 8

10

1 2 3 1 1

1

1

2

65 36 24 TOTALS

Possible Points:

Certified: 40 to 49 points, Silver: 50 to 59 points, Gold: 60 to 79 points, Platinum: 80 to 110

110

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

15.1 TRIPLE BOTTOM LINE

SOC IAL • Locate the project in an area with a variety of available amenities • Encourage patronage of local amenities and businesses by reducing on-site amenities • Provide a mix of rental and condominium units to allow for accessibility by a larger population • Create a minimum of 30 on-site jobs to give back to the community • Provide commercial tenants that fill gaps in the existing market

EN V I R O N M E N TA L

E C O N OM IC

TRANSPORTATION • Provide ample on-site bicycle storage facilities to encourage cycling, thereby reducing need for motor vehicles and associated pollution

• Provide a mix of rental and condominium units (25% / 75%) to allow for accessibility by people of different income categories

• Locate the project in a high quality public transit area, further reducing need for motor vehicles and therefore reducing air pollution

• Eliminate on-site amenities, thereby reducing maintenance fees and making units more affordable for future occupants

• Locate the project on a previously developed site in a dense area with many amenities in close walking distance

• Design and build spaces that are flexible to facilitate easy use by individuals of different professions, ages, or cultural groups

SUSTAINABLE SITES • Reintroduce greenspace and habitat on the site through planting of local flora and fauna and provision of a large parking garage green roof / second level courtyard space

• Protect the health of future occupants by conducting an environmental site assessment to identify and eliminate potential contaminants

• Reduce heat island effect and increase in microclimate temperatures by reducing paved areas, increasing green space, and providing reflective roof surfaces

• Provide every residential unit with operable windows and a balcony, allowing for access to fresh air and quality views

WATER EFFICIENCY • Implement storage of site water and reuse in gray water applications to reduce need for fresh water sources

• Provide each unit with individual heating and cooling controls to allow for optimal occupant comfort

• Reduce water consumption by 35% from the baseline through installation of low flow fixtures and efficient appliances

• Provide high quality indoor air by installing low/no volatile organic compound containing materials and high efficiency mechanical systems, and implementing a full building flush-out following construction

ENERGY • Achieve a minimum of 20% reduction in energy usage by providing energy efficient fixtures and appliances, installing low embodied energy materials, and building a high performance envelope

• Maximize the number of units that can fit on the site to ensure a minimum of 20% cash-on-cash return and sustain cashflow • Obtain a minimum of 80 % pre-sales before construction to ensure positive cashflow throughout the construction timeline • Significantly reduce construction time with efficient design and implementation of an integrated design team, therefore reducing construction and marketing & sales costs • Provide commercial tenants that will fill gaps in the market and introduce new revenues into the existing local economy • Construct a high performance building envelope and install energy efficient and water efficient fixtures/appliances to reduce future energy costs

MATERIALS & RESOURCES • Reduce landfill waste through implementation of a construction management program and reuse of demolition materials • Specify materials that are rapidly renewable or contain a high percentage of reused or recycled content

PEOPLE

PLANET

PROFIT 81

82

DATE

INSTRUMENT TYPE

AMOUNT

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

2002/06/17

2003/04/16

4R17761

OC188790

4R28108

BYLAW

PLAN REFERENCE

PLAN REFERENCE

PLAN SUBDIVISION

PLAN REFERENCE

$18,545 CITY OF OTTAWA

*

THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

PARTIES TO

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

2014/08/07

2003/04/16 TRANSFER REMARKS: PART 1 4R17761

2002/06/03

4R17728

OC188803

1889/10/21

PLNP106

CITY OF OTTAWA

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

PARTIES FROM

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

REG. NUM.

CAPACITY BENO

OWNERS’ NAMES THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

SHARE

RECENTLY: DIVISION FROM 04093−0020

PREPARED FOR SL ON 2015/10/14 AT 14:33:40

PAGE 1 OF 1

PIN CREATION DATE: 2003/04/22

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04093−0215 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

PART OF LANE PLAN 106 AS CLOSED BY BYLAW OC188790 PART1 PLAN 4R17761, OTTAWA

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

C

C

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

16.0 APPENDIX D: L AND TITLES

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

INSTRUMENT TYPE

AMOUNT

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

2003/04/11

4R18484

OC187996

REG. NUM.

2003/04/09

OC186611

PLAN REFERENCE

APL CH NAME OWNER

TRANSFER EASEMENT

THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

$2 THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

ROGERS CABLE INC.

2003/04/14

DATE

TRANSFER EASEMENT

INSTRUMENT TYPE

AMOUNT

04093−0238 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

$1 THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

PARTIES FROM

HYDRO OTTAWA LIMITED

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

REGISTRY OFFICE #4

LAND

PARTIES TO

PREPARED FOR SL ON 2015/10/14 AT 14:14:00

PAGE 2 OF 2

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

2002/03/26

OC54738

THE CITY OF OTTAWA

1989/08/15 AGREEMENT REMARKS: SITE PLAN

THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

N499197

TRANSFER

PLAN REFERENCE

*

PARTIES TO

PIN CREATION DATE: 2008/10/30

1985/03/19 AGREEMENT THE CORPORATION OF THE CITY OF OTTAWA REMARKS: SITE PLAN CORRECTIONS: PARTY TO NAME CHANGED FROM THE CITY OF OTTAWA TO THE CORPORATION OF THE CITY OF OTTAWA ON 2014/02/12 BY IACOVITTI, SUZANNE.

1980/08/29

NS95948

PREPARED FOR SL ON 2015/10/14 AT 14:14:00

PAGE 1 OF 2

NS279714

1980/07/21

5R5160 $185,000

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

PARTIES FROM

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

DATE

CAPACITY

OWNERS’ NAMES THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

SHARE

RECENTLY: DIVISION FROM 04093−0007

REG. NUM.

04093−0238 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

PART LOT E, PLAN 106, E/S PARKDALE AVE, EXCEPT PART 1, PLAN 5R9589 AND EXCEPT PART 1 ON PLAN 4R23082; OTTAWA. S/T EASEMENT AS IN OC54738. S/T AN EASEMENT IN FAVOUR OF HYDRO OTTAWA LIMITED OVER PART 1 ON PLAN 4R18484 AS IN OC187996.

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

CERT/ CHKD

C

C

C

C

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

83

84

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

TRANSFER EASEMENT

$2 THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

ROGERS CABLE INC.

2003/04/09

2003/04/11

2003/04/14

2014/08/07

OC186611

4R18484

OC187996

4R28108

DATE

PLAN REFERENCE

TRANSFER EASEMENT

PLAN REFERENCE

APL CH NAME OWNER

INSTRUMENT TYPE

AMOUNT

04093−0008 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

$1 THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

PARTIES FROM

PARTIES TO

PREPARED FOR SL ON 2015/10/14 AT 14:32:47

PAGE 2 OF 2

HYDRO OTTAWA LIMITED

THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

REGISTRY OFFICE #4

LAND

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

2002/03/26

REG. NUM.

OC54738

THE CITY OF OTTAWA

1989/08/15 AGREEMENT REMARKS: SITE PLAN

THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST

N499197

TRANSFER

1985/03/19 AGREEMENT THE CORPORATION OF THE CITY OF OTTAWA REMARKS: SITE PLAN CORRECTIONS: PARTY TO NAME CHANGED FROM THE CITY OF OTTAWA TO THE CORPORATION OF THE CITY OF OTTAWA ON 2014/02/12 BY IACOVITTI, SUZANNE.

1980/08/29

NS95948

PLAN REFERENCE

*

PARTIES TO

PIN CREATION DATE: 1996/06/24

NS279714

1980/07/21

5R5160 $185,000

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/06/24**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE" OF 1996/06/24 ON THIS PIN**

DATE

CAPACITY

OWNERS’ NAMES THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 110

REG. NUM.

PREPARED FOR SL ON 2015/10/14 AT 14:32:47

PAGE 1 OF 2

LT F, PL 106 , S/S WELLINGTON STREET, EXCEPT PART 1, 5R9589 ; OTTAWA/NEPEAN. S/T EASEMENT OVER ALL AS IN OC54738. SUBJECT TO AN EASMENT IN FAVOUR OF HYDRO OTTAWA LIMITED OVER PART 2 ON 4R18484 AS IN OC187996.

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04093−0008 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

C

C

C

C

C

C

C

C

CERT/ CHKD

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

DATE

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

CR353106

TRANSFER

*

HER MAJESTY THE QUEEN, IN RIGHT OF CANADA

PARTIES TO

PIN CREATION DATE: 1996/06/24

PREPARED FOR SL ON 2015/10/14 AT 14:15:10

PAGE 1 OF 1

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

1956/11/05

$34,700

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/06/24**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE " OF 1996/06/24 ON THIS PIN**

REG. NUM.

CAPACITY BENO

OWNERS’ NAMES HER MAJESTY THE QUEEN, IN RIGHT OF CANADA

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 110

LT C, PL 106 , E/S PARKDALE AVENUE ; OTTAWA/NEPEAN

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04093−0005 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

85

86

DATE

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

CR353106

TRANSFER

*

HER MAJESTY THE QUEEN, IN RIGHT OF CANADA

PARTIES TO

PIN CREATION DATE: 1996/06/24

PREPARED FOR SL ON 2015/10/14 AT 14:34:22

PAGE 1 OF 1

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

1956/11/05

$34,700

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/06/24**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE " OF 1996/06/24 ON THIS PIN**

REG. NUM.

CAPACITY BENO

OWNERS’ NAMES HER MAJESTY THE QUEEN, IN RIGHT OF CANADA

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 110

LT D, PL 106 , E/S PARKDALE AVENUE ; OTTAWA/NEPEAN

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04093−0006 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

DATE

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

AND ESCHEATS OR FORFEITURE TO THE CROWN.

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

**

*

CAISSE POPULAIRE RIDEAU−VISION D’OTTAWA INC.

CAISSE POPULAIRE RIDEAU−VISION D’OTTAWA INC.

CLARIDGE HOMES (WESTBORO) INC.

PARTIES TO

PIN CREATION DATE: 1996/05/27

PREPARED FOR SL ON 2015/10/14 AT 13:59:55

PAGE 1 OF 1

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

OC1633073 2014/10/31 NO ASSGN RENT GEN REMARKS: OC1633072.

CLARIDGE HOMES (WESTBORO) INC.

$4,000,000 CLARIDGE HOMES (WESTBORO) INC.

CHARGE

OC1633072

2014/10/31

$6,775,000 122856 CANADA LIMITED

OC1291968 2011/10/06 TRANSFER REMARKS: PLANNING ACT STATEMENTS

**DATE OF CONVERSION TO LAND TITLES: 1996/05/27 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/05/27**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE" OF 1996/05/27 ON THIS PIN**

REG. NUM.

CAPACITY

OWNERS’ NAMES CLARIDGE HOMES (WESTBORO) INC.

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 303

PT LT 1, PL 376 , AS IN N723397 ; LTS 2, 3, 4 & 5, PL 376 ; OTTAWA/NEPEAN

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04021−0073 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

5.2 COMPARABLE LAND TITLES

87

88 04093−0254 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

DATE

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

2013/06/11

2014/03/31

OC1485177

4R27804

PLAN REFERENCE

CHARGE

TRANSFER

2015/03/27

2015/04/15

2015/04/23

4R28652

OC1673418

OC1675521

NOTICE

NOTICE

PLAN REFERENCE

TRANSFER EASEMENT

$10 TAMARACK (WESTBORO) CORPORATION

$1 CITY OF OTTAWA

$2 TAMARACK (WESTBORO) CORPORATION

TAMARACK (WESTBORO) CORPORATION

$5,500,000 TAMARACK (WESTBORO) CORPORATION

$5,500,000 THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

SOMERSET WEST COMMUNITY HEALTH CENTRE

TAMARACK (WESTBORO) CORPORATION SOMERSET WEST COMMUNITY HEALTH CENTRE

ROGERS COMMUNICATIONS INC.

TAMARACK (WESTBORO) CORPORATION

TAGGART CORPORATION LTD.

TAMARACK (WESTBORO) CORPORATION

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

2014/12/29

OC1649102

OC1568942 2014/03/31 APL ABSOLUTE TITLE REMARKS: OC1562093

2013/06/11

OC1485176

CITY OF OTTAWA

2001/10/17 NOTICE REMARKS: NS279714

OC8866

THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA

1985/03/19 AGREEMENT THE CORPORATION OF THE CITY OF OTTAWA REMARKS: SITE PLAN CORRECTIONS: PARTY TO NAME CHANGED FROM THE CITY OF OTTAWA TO THE CORPORATION OF THE CITY OF OTTAWA ON 2014/02/12 BY IACOVITTI, SUZANNE.

TO THE CROWN UP TO THE DATE OF REGISTRATION WITH AN ABSOLUTE TITLE. **

**

PARTIES TO

PIN CREATION DATE: 2014/03/31

NS279714

PROVINCIAL SUCCESSION DUTIES AND EXCEPT PARAGRAPH 11 AND ESCHEATS OR FORFEITURE **

**

**SUBJECT TO SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPHS 3 AND 14 AND *

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

REG. NUM.

CAPACITY

OWNERS’ NAMES TAMARACK (WESTBORO) CORPORATION

SHARE

RECENTLY: RE−ENTRY FROM 04093−0253

PLANNING ACT CONSENT IN DOCUMENT OC1485176.. FOR THE PURPOSE OF THE QUALIFIER THE DATE OF REGISTRATION OF ABSOLUTE TITLE IS 2014/03/31.

PROPERTY REMARKS:

ESTATE/QUALIFIER: FEE SIMPLE LT ABSOLUTE PLUS

PART OF LOT 2, PLAN 14 AND PART OF LOTS A AND B, PLAN 104, BEING PART 1 ON PLAN 4R27804. SUBJECT TO AN EASEMENT AS IN NS279714; SUBJECT TO AN EASEMENT AS IN OC1649102; CITY OF OTTAWA

PREPARED FOR SL ON 2015/10/14 AT 13:59:00

PAGE 1 OF 2

PROPERTY DESCRIPTION:

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

REGISTRY OFFICE #4

LAND

C

C

C

C

C

C

C

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

DATE

INSTRUMENT TYPE

AMOUNT

PARTIES FROM

AND ESCHEATS OR FORFEITURE TO THE CROWN.

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

**

*

DACANDO ENTERPRISES LIMITED

DACANDO ENTERPRISES LIMITED

MIZRAHI DEVELOPMENT GROUP (1451 WELLINGTON) INC.

THE CORPORATION OF THE CITY OF OTTAWA

THE CORPORATION OF THE CITY OF OTTAWA

THE CORPORATION OF THE CITY OF OTTAWA

PARTIES TO

PIN CREATION DATE: 1996/05/27

PREPARED FOR SL ON 2015/10/14 AT 14:00:52

PAGE 1 OF 1

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

OC1484156 2013/06/06 NO ASSGN RENT GEN REMARKS: OC1484155

MIZRAHI DEVELOPMENT GROUP (1451 WELLINGTON) INC.

$1,000,000 MIZRAHI DEVELOPMENT GROUP (1451 WELLINGTON) INC.

CHARGE

OC1484155

2013/06/06

$1,950,000 6830854 CANADA INC.

AGREEMENT

OC1484154 2013/06/06 TRANSFER REMARKS: PLANNING A CT STATEMENTS.

1979/11/14

1975/12/19 AGREEMENT REMARKS: DEVELOPMENT

CR683176

NS73084

1975/12/10 AGREEMENT REMARKS: DEVELOPMENT

CR682689

**DATE OF CONVERSION TO LAND TITLES: 1996/05/27 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/05/27**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE " OF 1996/05/27 ON THIS PIN**

REG. NUM.

CAPACITY

OWNERS’ NAMES MIZRAHI DEVELOPMENT GROUP (1451 WELLINGTON) INC.

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 128

LTS 1 & 2, PL 145 , N/S RICHMOND RD (NOW WELLINGTON ST) ; OTTAWA

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04030−0154 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

C

C

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

89

90

DATE

AMOUNT

PARTIES FROM

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

CONVENTION.

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

**

**

**

**

TRANSFER

*

GIANNUZZI, ALFREDO GIANNUZZI, MARIO

THE CITY OF OTTAWA

THE CORPORATION OF THE CITY OF OTTAWA

PARTIES TO

PIN CREATION DATE: 1996/05/27

PREPARED FOR SL ON 2015/10/14 AT 14:42:09

PAGE 1 OF 2

NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

1995/06/14

1992/01/16 ASSIGNMENT GENERAL REMARKS: N470852

N604812

N721491

1988/12/30 ASSIGNMENT GENERAL REMARKS: RENTS, N404778

N470852

AGREEMENT

1984/03/20 AGREEMENT REMARKS: SITE PLAN CONTROL

1982/12/06

NS232651

NS171655

$320,000

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**

**DATE OF CONVERSION TO LAND TITLES: 1996/05/27 **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

**SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO:

** PRINTOUT INCLUDES ALL DOCUMENT TYPES (DELETED INSTRUMENTS NOT INCLUDED) **

**WAS REPLACED WITH THE "PIN CREATION DATE" OF 1996/05/27**

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE " OF 1996/05/27 ON THIS PIN**

REG. NUM.

CAPACITY TCOM TCOM TCOM

OWNERS’ NAMES GIANNUZZI, ALFREDO GIANNUZZI, MARIO MILITO, EUGENIO

SHARE

RECENTLY: FIRST CONVERSION FROM BOOK 128

INSTRUMENT TYPE

LT 3 & PT LT 4, PL 145 , BEING THE W 1/2, N/S RICHMOND RD (NOW WELLINGTON ST) ; OTTAWA

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT *

04030−0155 (LT)

PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

PROPERTY REMARKS:

PROPERTY DESCRIPTION:

REGISTRY OFFICE #4

LAND

C

C

C

C

C

CERT/ CHKD

1166 WELLINGTON STREET WEST SURGE DEVELOPMENTS

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

17.0 APPENDIX E: ALTERNATE FINANCING STRUCTURE ALTERNATE FINANCING SUMMARY 1 TOTAL EXPENSES

$33,508,859.12

FINANCING PACKAGE Bank Loan @ "3.14%" TOTAL FINANCING

80%

$26,807,087.30 $26,807,087.30

SOURCES OF EQUITY Outside Investor (Preferred Equity, assume 9% return)

10%

$3,350,885.91

10%

$3,350,885.91 $6,701,771.82

Developer TOTAL EQUITY INVESTMENT

% Equity Net Revenues Total Expenses Profit Profit/Door

FINANCING

Investor Return ($) Profit after Investor Return Developer Equity ($) Bank Loan Cash/Cash Return % Profit

NOTES 20.00% Developer + Preferred Equity investor $75,373,066.61 $33,508,859.12 Numbers based on Development Financial $41,864,207.49 Summary $258,421.03 $3,384,541.92 x 1.09. Based on a 9% return

$3,652,465.64 for preferred equity investor. $38,211,741.85 Profit - Investor return $3,350,885.91 Amount invested by developer only $26,807,087.30

Profit (after investor return)/Developer Equity 1140% as quoted by Jeff Salmon

55.54% % Profit = Profit/Net Revenues

91

1166 WELLINGTON STREET WEST

ALTERNATE FINANCING SUMMARY 2 TOTAL EXPENSES FINANCING PACKAGE Bank Loan @ "3.14%" TOTAL FINANCING

SURGE DEVELOPMENTS

$33,508,859.12

40%

$13,403,543.65 $13,403,543.65

60%

$20,105,315.47 $20,105,315.47

SOURCES OF EQUITY Developer TOTAL EQUITY INVESTMENT

% Equity Net Revenues Total Expenses Profit Developer Equity ($) Profit/Door Bank Loan Cash/Cash Return % Profit

92

FINANCING

NOTES 60.00% Developer + Preferred Equity investor $75,373,066.61 $33,508,859.12 $41,864,207.49 Numbers based on Development Financial $20,105,315.47 Summary $258,421.03 $13,403,543.65 Profit/Developer Equity as quoted by Jeff

208% Salmon 55.54% % Profit = Profit/Net Revenues

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

18.0 APPENDIX F: WORK/TASK DISTRIBUTION DELIVERABLE

NAME

Title Page Table of Contents Layout & Assembly of package Logo Development Development Brief P L AN N I N G R A T I O N A L E Demographic Information Marketing Analysis Site Analysis justifying parcel selection for project Description of existing context How proposal fits into existing context SITE PLAN Project proposal on site plan with zoning information and parking calculations D E S I G N PA C K A G E Floor Plans Perspectives of proposal in context

Elaine Elaine Elaine Elaine & Rachita Rachita

PRO-FORM A Development Financial Summary Land Acquisition Professional Service Fees Marketing & Sales Construction Financing Tarion LEED Revenue summary CRU, Unit &Parking Pricing Sheet Tarion Enrollment Breakdown Cash Flow projections Project timeline / Schedule Go/No-Go Criteria APPENDIX A Financing Summary Loan Amortization APPENDIX B Marketing Drawings Finish Schedule fo 3 tiers of finishes APPENDIX C

Leed Checklist Triple Bottom Line Targets APPENDIX D Land Titles APPENDIX E Alternate Financing structure APPENDIX F Work/Task Distribution

Julia & Summer Summer Summer Elaine Summer Rachita Rachita Elaine & Rachita Elaine & Rachita Elaine Summer Summer Julia Julia Julia Julia Rachita Rachita Julia Summer Summer Elaine & Julia Elaine Elaine & Rachita Elaine Summer Summer Summer Elaine Elaine ALL

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1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

19.0 APPENDIX G: ADDITIONAL CALCUL ATIONS LAND VALUE CALCULATIONS Land Titles (Our Site) 1166 Wellington ST W (1) (Small rectangle East side) 2003/04/16 TRANSFER $18,545 CITY OF OTTAWA THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA 2015: $22,942.45 1166 Wellington ST W (2) (Corner lot at Parkdale/Wellington) 1980/08/29 TRANSFER $185,000 THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST 2015: $526,856.82 1166 Wellington ST W (3) (Middle lot) 1980/08/29 TRANSFER $185,000 THE GOVERNING COUNCIL OF THE SALVATION ARMY, CANADA EAST 2015: $526,856.82  1166 Wellington St W. TOTAL: $388,545  With inflation TOTAL: $1,076,656.09  Area: 1743 SQM = 18,761.5 SQFT  Land Value: $57.39/SQFT 407 Parkdale Ave. (1) (South lot) 1956/11/05 TRANSFER $34,700 HER MAJESTY THE QUEEN, IN RIGHT OF CANADA 2015: $304,642.07 407 Parkdale Ave. (2) (North lot) 1956/11/05 TRANSFER $34,700 HER MAJESTY THE QUEEN, IN RIGHT OF CANADA 2015: $304,642.07  407 Parkdale Ave. TOTAL: $69,400  With inflation TOTAL: $609,284.14  Area: 1341 SQM = 14,434.4 SQFT  Land Value: $42.21/SQFT TOTAL LAND COST 2015: $1,685,940.23 TOTAL AREA: APPROX 3,084 SQM / 33,195.9 SQFT TOTAL LAND VALUE: $546/SQM = $50.78/SQFT [TOO LOW]

Land Titles (Comparisons) 175 Richmond Road 2011/10/06 TRANSFER $6,775,000 122856 CANADA LIMITED CLARIDGE HOMES (WESTBORO) INC. 2015: $7,169,222.78 Area: 1.6 acre = 69,696 SQFT Land value: $102.86/SQFT 1140 Wellington Street West 2013/06/11 TRANSFER $5,500,000 THE GOVERNING COUNCIL OF THE SALVATION ARMY IN CANADA TAMARACK (WESTBORO) CORPORATION 2015: $5,687,652.32 Area: 1.21 acre = 52,707.6 SQFT Land value: $107.9/SQFT 1451 Wellington Street West 2013/06/06 TRANSFER $1,950,000 6830854 CANADA INC. MIZRAHI DEVELOPMENT GROUP (1451 WELLINGTON) INC. 2015: $2,016,513.28 Area: 11808 SQFT Land value: $170.78/SQFT 94

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

1445 Wellington Street West 1995/06/14 TRANSFER $320,000 GIANNUZZI, ALFREDO. 2015: $903,822.22 Area: 8025 SQFT Land value: $112.63/SQFT

MLS.CA (Comparisons) 12 Hamilton N Ave, Ottawa, K1Y1B6: http://www.realtor.ca/Commercial/Vacant-Land/14994878/12-Hamilton-N-Av-Ottawa-OntarioK1Y1B6-Ottawa-West Neighbourhood: Ottawa West Title: Freehold Listing ID: 931297 Cost: $599,000 Property Type: Vacant Land Land Size: 0.098 ac = 4268.88 SQFT Zoning: MC16 H(20) Land Value: $140.32/SQFT 153 Ruskin Av, Ottawa, Ontario K1Y4B9 http://www.realtor.ca/Commercial/Vacant-Land/15796665/153-Ruskin-Av-Ottawa-OntarioK1Y4B9-Civic-Hospital Neighbourhood: Civic Hospital Title: Freehold Listing ID: 959586 Cost: $399,900 Property Type: Vacant Land Land Size: 3875 SQFT Zoning: Residential Land Value: $103.2/SQFT 212 Clare St, Ottawa, Ontario K1Z7C9 http://www.realtor.ca/Commercial/Vacant-Land/15878967/212-Clare-St-Ottawa-OntarioK1Z7C9-HamptonParkWestboro#v=d Neighbourhood: HamptonPark/Westboro Title: Freehold Listing ID: 962498 Cost: $595,000 Property Type: Vacant Land Land Size: 0.19 ac = 8276.4 SQFT Zoning: R3R Land Value: $71.89/SQFT 109 Armstrong St, Ottawa, Ontario K1V2V6 http://www.realtor.ca/Commercial/Vacant-Land/15912077/109-Armstrong-St-OttawaOntario-K1V2V6-Hintonburg Neighbourhood: Hintonburg Title: Freehold Listing ID: 962584 Cost: $510,000 Property Type: Vacant Land Land Size: 0.101 ac = 4399.56 SQFT Zoning: Res/Lt-Commercial Land Value: $115.92

95

1166 WELLINGTON STREET WEST

SURGE DEVELOPMENTS

927 Wellington St, Ottawa, Ontario K1Y2X5 http://www.realtor.ca/Commercial/Vacant-Land/16202314/927-Wellington-St-OttawaOntario-K1Y2X5-Hintonburg Neighbourhood: Hintonburg Title: Freehold Listing ID: 973719 Cost: $1,575,000 Property Type: Vacant Land Description/Present Use: Includes 935 Wellington, currently occupied by free standing automobile service station Land Size: 0.28 ac = 12196.8 SQFT Zoning: C1-c(2.0) [4.3] Land Value: $121.13/SQFT 615 Island Park, Ottawa, Ontario K1Y3N9 http://www.realtor.ca/Commercial/Vacant-Land/15928374/615-Island-Park-Cr-OttawaOntario-K1Y3N9-Island-Park Neighbourhood: Island Park Title: Freehold Listing ID: 964218 Cost: $379,900 Property Type: Vacant Land Land Size: 0.1 ac = 4356 SQFT Zoning: R1MM - Residential Land Value: $87.2/SQFT 1150 Gladstone Av, Ottawa, Ontario K1Y3H6 http://www.realtor.ca/Commercial/Retail/16049791/1150-Gladstone-Av-OttawaOntario-K1Y3H6-Hintonburg Neighbourhood: Hintonburg Title: Freehold Property Type: Retail Building Type: Retail Cost: $650,000 Land Size: 3625.7 SQFT Zoning: R4k-c Land Value: $179.28/SQFT Average Land Value: $119.37/SQFT (Average of all comparables) || $123.54/SQFT (Average between 4 similar land title properties nearby) Total Land: 3069 SQM = 33,034.44 SQFT Land Cost: (4 similar land titles) $4,081,157.30 Doors: $4,081,157.30 / $30,000 Total doors: 136

96