Minto Properties - Intensification Projects Minto Properties - - PowerPoint PPT Presentation

▶

Jun 08, 2023 8 likes •134 views

Minto Properties - Intensification Projects Minto Properties Intensification Projects Leslie and Y ork Mills Aerial Property description: Location: T oronto # of suites: 196 Unit mix: 2-Bed (83.3%), 3-Bed (16.7%) Avg suite size: 1,127 sf

SLIDE 1

Minto Properties - Intensification Projects

SLIDE 2

Minto Properties Intensification Projects Leslie and Y

rk Mills

Aerial

Property description: Location: T

ronto

# of suites: 196 Unit mix: 2-Bed (83.3%), 3-Bed (16.7%) Avg suite size: 1,127 sf Rent (psf): $1.80 T arget demographic: Families and young professionals Construction type: Wood Frame Amenities: Pool, party room, gym, outdoor patio & BBQ Development Costs: Hard - Soft - T

tal -

$55.4MM $19.3MM $74.7MM

SLIDE 3

Minto Properties Intensification Projects Leslie and Y

rk Mills

Site plans

Development Challenges: 1) Community opposition 2) Political interference and parkland dedication 3) Deteriorating Garage and temporary Parking Plan

SLIDE 4

Minto Properties Intensification Projects Leslie and Y

rk Mills

Elevation

SLIDE 5

Minto Properties Intensification Projects Marlborough

Aerial

Property description: Location: Oakville # of suites: 144 Unit mix: 1-Bed (0.7%), 2-Bed (67.4%), 3-Bed (31.9%) Avg suite sizes: 844 sf Rent (psf): $2.00 T arget demographic: Students Construction type: Concrete Amenities: Fitness centre, yoga studio, lounge, outdoor patio Development Costs: Hard - Soft - T

tal -

$31.9MM $11.6MM $43.5MM

SLIDE 6

Minto Properties Intensification Projects Marlborough

Site Plan

Development Challenges: 1) Approvals and municipal staff changes 2) Shared parking and building services

SLIDE 7

Minto Properties Intensification Projects Marlborough

Elevation

SLIDE 8

Minto Properties Intensification Projects

1800 Baseline

Property description: Location: Ottawa # of suites: 36 Unit mix: 2-Bed (33.3%), 3-Bed (66.7%) Avg suite size: 1,205 sf Rent (psf): $1.25 (2016 rent) Target demographic: Families and young professionals Construction type: Wood Frame Amenities: None Development Costs: Hard - $6.2 MM Soft - $1.3 MM Total - $7.5 MM

Aerial

SLIDE 9

Minto Properties Intensification Projects

1800 Baseline

Site plan

Development Challenges: (1) DRP changes (2) Small projects very sensitive to cost changes The development is now successfully complete and fully leased

SLIDE 10

Minto Properties Intensification Projects

1800 Baseline

Elevation

SLIDE 11

Minto Properties Intensification Projects

Ottawa Housing Developments

Source: CMHC

Total housing starts

are forecast to decline in 2016 and 2017

Condominiums starts

have been declining

ver the past 3 years,

as builders clear out their inventory

Purpose-built rental

starts are forecast to slow in 2016, following a 16% increase in 2015 over the previous year 1000 2000 3000 4000 5000 6000 7000 8000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017 F

Housing Starts

Rental Condo Homeowner Total 1000 2000 3000 4000 5000 6000 7000 8000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD 2017F

Housing Completions

Rental Condo Homeowner Total

Notes: 1) The 2017 housing starts forecast is based on average of a high and low estimate by CMHC. 2) Total housing starts for 2016 reflects the CMHC forecast, not YTD. 3) The 2017 housing completions is based on the number of units currently under construction.

SLIDE 12

Minto Properties Intensification Projects

Minto Properties - Intensification Projects

Thank Y