401 - 409 King Street W. (Retail)

This is a 45,000 square foot office building with 6,800 square feet of ground floor retail and the site is designated as an historic building. It is located in downtown Toronto just east of Spadina on King Street in the heart of the bustling entertainmentdistrict and in proximity to the King & Bay business capital of Canada.

At the time of purchase, the property was undermanaged with high vacancy, deferred maintenance and low cash flow. It was an opportunity to
purchase prime real estate at a low cost.

The west wall of the building, which has excellent exposure to traffic along Spadina was leased out to Pattison Signs.

The office space has been substantially leased out to film production companies while the retail space has been leased to a first class restaurant
operator.

The building has recently undergone a refurbishment program including elevator cab enlargement, façade work and lobby renovations all
of which will convert the building to first class standards.