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 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 - $55.4MM Soft - $19.3MM T otal - $74.7MM
Minto Properties Intensification Projects Leslie and Y ork Mills Site plans Development Challenges: 1) Community opposition 2) Political interference and parkland dedication 3) Deteriorating Garage and temporary Parking Plan
Minto Properties Intensification Projects Leslie and Y ork Mills Elevation
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 - $31.9MM $11.6MM Soft - T otal - $43.5MM
Minto Properties Intensification Projects Marlborough Site Plan Development Challenges: 1) Approvals and municipal staff changes 2) Shared parking and building services
Minto Properties Intensification Projects Marlborough Elevation
Minto Properties Intensification Projects 1800 Baseline Aerial 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
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
Minto Properties Intensification Projects 1800 Baseline Elevation
Minto Properties Intensification Projects Ottawa Housing Developments Housing Starts 8000 7000 6000 - Total housing starts 5000 are forecast to 4000 decline in 2016 and 3000 2017 2000 1000 - Condominiums starts have been declining 0 over the past 3 years, 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 F YTD as builders clear out Rental Condo Homeowner Total their inventory Housing Completions - Purpose-built rental starts are forecast to 8000 slow in 2016, 7000 following a 16% 6000 increase in 2015 over 5000 the previous year 4000 3000 2000 1000 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017F YTD 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 . Source: CMHC
Minto Properties Intensification Projects Thank Y ou
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