Address - 4503, Dennie Street, Hanmer, ON, P3P 1L1

Lot size - approx. 8 acres

Building size - 49,421 square feet (built in 5 sections ; 1954, 1957, 1962, 1966, 1968)

Heating type - (3) Hot Water furnaces (natural gas, non-condensing) with circulating pumps and radiation fins/heating cabinets along perimeter walls with zone control

Approximate annual taxes - as a school there is no municipal taxes

Currently zoned as - Institutional

Environmental - see attached report

Notable - None

Notable damage - ceiling damage in two rooms ; one from a roof leak rm 110, one from a pipe leak rm 128 / multiple broken windows covered with plywood / water damage from frozen roof drain in rooms 189 and 191

Items seen in images/video NOT included with asset - school furniture & equipment / exterior concrete tables and benches

Known issues - Roof leak in section 1 rm 110 / roof drain leader under parking lot prone to freezing in winter

The seller shall have complete discretion as to whether to accept or reject any bid for whatever reasons it may,
in its absolute discretion, consider appropriate. The seller reserves the right to negotiate with any bidder and to
undertake concurrent negotiations with different bidders. The seller also reserves the right to cease accepting bids for the Property at any time.

The seller will accept the offer which represents the best value. Factors considered in determining the value of an Offer to Purchase to the seller include, but are not limited to: the Purchase Price, any conditions set out in the Agreement of Purchase and Sale by the Purchaser and the time frame for completion of the transaction. For greater clarity, the highest Purchase Price will not necessarily be accepted by the seller.

While it is understood that bidders may want to attach conditions to any bid they may submit, it is anticipated by
the seller that the form of bid itself will not be amended and that any such conditions would be attached by way
of schedule(s) to the final bid.

The seller will not pay any commissions to any real estate agents in connection with the sale of the
Property. To the extent that a bidder has retained the services of a real estate agent, any amount alleged to be
owed to such agent shall be the sole responsibility and liability of such bidder, unless the seller specifically agrees otherwise in writing.

This Auction represents the negotiation process to finalize the price the winning bidder is offering to pay. The
winning bidder agrees that all items listed in this auction as above are included in the sale.

Ministry guidelines have been followed for the auction of this property.