100 Davidson Blvd | CMA by Heddle Real Estate

Comparable Market Analysis

100 Davidson Boulevard, Dundas, ON

Dear Felipe and Gabriela,

In response to your request for an evaluation, as a practicing real estate salesperson I am establishing Market Value for Listing purposes

Value is established, for the property at 100 Davidson Blvd as of this dated letter.

Date: October 8, 2023 Market Value: $1,350,000 (+/- 3%)

There are limiting conditions and assumptions connected with this evaluation done by the herein sales representative:

- It is assumed any MLS® data used is reliable and correct

- The client will not circulate or expose information provided herein without prior approval of the writer

- Any update expected must be requested in writing

- If the herein sales representative is required in a court of law, in relation to this evaluation, the court cost will be $350 per hour.

Please find enclosed some general information about the process of selling real estate. If you have any other questions about preparing your home to ensure that you get the top price the market will bring in, please feel free to contact me. I look forward to helping you with all of your real estate needs and ensuring that you get the best price and terms on the sale of your property!

Sincerely,

Mike Heddle, Hon. B. Comm. Broker Heddle Real Estate | Team Leader

Royal LePage State Realty, Brokerage

P. (905) 574-7441

F. (905) 662-2227

www.LiveInHamilton.ca

Brief Summary of Comparable Properties

A brief summary of the subject and comparable properties in this market analysis

October 10, 2023

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4

Address L/S Price Beds Baths SqFt Tot MLS# DOM Status Dt Sub Type Status: Active 100 DAVIDSON Boulevard Freehold 4 3/2 2,497 3 Freehold 78 Mercer Street $1,285,000 H4174992 9/26/23 2/0 1,910 14 1,910 $1,285,000 3 Average 3/1 14 Address L/S Price Beds Baths SqFt Tot MLS# DOM Status Dt Sub Type Status: Sold 100 DAVIDSON Boulevard Freehold 4 3/2 2,497 3 Freehold 89 Newcombe Road $1,335,000 H4173051 9/14/23 3/1 2,390 7 5 Freehold 62 WINEGARDEN Trail $1,350,000 H4171141 9/6/23 4/1 3,152 28 5 Freehold 30 Davidson Boulevard $1,145,000 H4170352 8/16/23 3/1 2,450 19 4 Freehold 30 GOLFVIEW Crescent $1,110,000 H4170180 8/22/23 2/1 2,745 27 4 Freehold 61 Newcombe Road $1,420,000 H4169569 7/25/23 3/1 2,330 5 5 Freehold 71 Newcombe Road $1,466,000 H4168115 7/13/23 3/1 2,959 9 4 Freehold 26 Sweetman Drive $1,550,000 H4167306 7/23/23 3/2 3,211 27 4 Freehold 12 Pinetree Court $1,500,000 H4165688 6/13/23 2/1 2,810 6 4 Freehold 5 JOYA Place $1,207,000 H4163851 5/29/23 2/1 2,350 10 4 Freehold 38 KEMP Drive $880,000 H4162382 5/19/23 2/0 1,581 15 5 Freehold 93 DAVIDSON Boulevard $1,325,000 H4162319 5/11/23 3/1 2,803 7 4 Freehold 4 GOLFVIEW Crescent $1,360,000 H4160297 4/27/23 4/1 3,200 17 5 Freehold 48 Golfview Crescent $1,888,000 H4158492 5/3/23 3/1 3,772 45 2,750 $1,348,923 4 Average 3/1 17 Summary Status Total Avg $ Per Sq.Ft. Avg Price Avg DOM High Low Median Active 1 $1,285,000 $1,285,000 $1,285,000 $1,285,000 $672.77 14 Sold 13 $1,348,923 $1,350,000 $880,000 $1,888,000 $496.04 17 $1,344,357 $1,342,500 $880,000 14 $1,888,000 Total $508.66 17 Total - Adjusted $1,296,375 $1,302,850 $1,095,750 14 $1,640,450 $510.91 17 Researched and prepared

LePage State

This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

by Michael Heddle Royal

Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10,

2023

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 78 Mercer Street H4174992 09/26/2023 $1,285,000 Active Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 45,000 3 2.00 80,000 7 Full - Partially Finished - Walk-Out 2 1,910 205,450 66.73 x 132.55 - / 100+ Years $5,018 Gas Forced Air 2 Storey 25,000 Partially Finished 66.73 132.55 $355,450 $1,640,450 $1,285,000 89 Newcombe Road H4173051 09/07/2023 $1,395,000 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 45,000 3 3.10 -20,000 8 Full - Fully Finished 4 2,390 37,450 49.22 x 115.16 2008 / 6-15 Years $7,137 Gas Forced Air 2 Storey 11/15/2023 $1,335,000 Fully Finished 49.22 115.16 $62,450 $1,397,450 $1,335,000 Researched and prepared

100 DAVIDSON Boulevard

by Michael Heddle Royal LePage State Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4

October 10, 2023

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 62 WINEGARDEN Trail H4171141 08/09/2023 $1,399,900 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) -45,000 5 4.10 20,000 12 Full - Fully Finished - Separate Entrance 4 3,152 -229,250 49.21 x 114.83 - / 16-30 Years $8,136 Gas Forced Air 2 Storey 10/24/2023 $1,350,000 Fully Finished 49.21 114.83 $-254,250 $1,095,750 $1,350,000 30 Davidson Boulevard H4170352 07/28/2023 $1,199,900 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) -45,000 5 3.10 -20,000 10 Full - Fully Finished 6 2,450 16,450 61.11 x 129.41 1990 / 31-50 Years $6,692 Gas Forced Air 2 Storey 10/03/2023 $1,145,000 Fully Finished 61.11 129.41 $-48,550 $1,096,450 $1,145,000 Researched and prepared

LePage State

100 DAVIDSON Boulevard

by Michael Heddle Royal

Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10,

2023

H4170180 07/26/2023 $1,199,900 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 2.10 60,000 9 Full - Unfinished 9 2,745 -86,800 59.40 x 119.07 1990 / 31-50 Years $7,173 Gas Forced Air 2 Storey 09/20/2023 $1,110,000 50,000 Unfinished 59.40 119.07 $23,200 $1,133,200 $1,110,000 61

H4169569 07/20/2023 $1,399,000 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 3.10 -20,000 11 Full - Fully Finished - Walk-Out 4 2,330 58,450 48.30 x 138.30 - / 16-30 Years $6,949 Gas Forced Air 2 Storey 09/29/2023 $1,420,000 Fully Finished 48.30 138.30 $38,450 $1,458,450 $1,420,000

100 DAVIDSON Boulevard

GOLFVIEW Crescent

Newcombe Road

Researched and prepared by Michael Heddle Royal LePage State Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10,

2023

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 71 Newcombe Road H4168115 07/04/2023 $1,299,000 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) -45,000 5 3.10 -20,000 11 Full - Fully Finished - Walk-Out 6 2,959 -161,700 67.60 x 104.28 2005 / 16-30 Years $7,698 Gas Forced Air 2 Storey 09/05/2023 $1,466,000 Fully Finished 67.60 104.28 $-226,700 $1,239,300 $1,466,000 26 Sweetman Drive H4167306 06/26/2023 $1,599,900 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 3.20 10 Full - Fully Finished 6 3,211 -249,900 61.11 x 126.05 2000 / 16-30 Years $9,026 Gas Forced Air 2 Storey 09/18/2023 $1,550,000 Fully Finished 61.11 126.05 $-249,900 $1,300,100 $1,550,000

100 DAVIDSON Boulevard

Researched and prepared by Michael Heddle Royal LePage State Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10,

2023

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 12 Pinetree Court H4165688 06/07/2023 $1,499,977 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 2.10 60,000 10 Full - Partially Finished 4 2,810 -109,550 49.01 x 163.11 - / 31-50 Years $6,951 Gas Forced Air 2 Storey 08/08/2023 $1,500,000 25,000 Partially Finished 49.01 163.11 $-24,550 $1,475,450 $1,500,000 5 JOYA Place H4163851 05/19/2023 $1,125,000 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 2.10 60,000 11 Full - Fully Finished 6 2,350 51,450 50.77 x 179.69 1982 / 31-50 Years $6,011 Gas Forced Air 2 Storey 07/25/2023 $1,207,000 Fully Finished 50.77 179.69 $111,450 $1,318,450 $1,207,000

100 DAVIDSON Boulevard

Researched and prepared by Michael Heddle Royal LePage State Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4

October 10, 2023

100

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 38 KEMP Drive H4162382 05/04/2023 $899,900 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 2.00 80,000 8 Full - Partially Finished 3 1,581 320,600 50.00 x 100.00 1955 / 51-99 Years $4,608 Gas Forced Air 2 Storey 07/27/2023 $880,000 25,000 Partially Finished 50.00 100.00 $425,600 $1,305,600 $880,000 93 DAVIDSON Boulevard H4162319 05/04/2023 $1,295,000 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) -45,000 5 3.10 -20,000 12 Full - Partially Finished 4 2,803 -107,100 69.90 x 111.00 2001 / 16-30 Years $7,381 Gas Forced Air 2 Storey 07/26/2023 $1,325,000 25,000 Partially Finished 69.90 111.00 $-147,100 $1,177,900 $1,325,000

DAVIDSON Boulevard

Researched and prepared by Michael Heddle Royal LePage State Realty

Price Adjustments

The subject property vs comparable properties.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10,

2023

MLS#® List Date 5/14/2021 List Price Status Residential Prop Type Freehold Sub Type Trans Type Sale Region Hamilton Munic/Area Dundas (41) Nbrd/SubArea Governor's Rd (410) Beds 4 Total Baths 3.2 # Rooms 11 Basement Full Parking 4 Garage 2 spaces / Attached Acres/Range less than .50 SqFt/Range 2,497 Lot Frontage 59.06 YrBuilt/Age less than .50 Taxes/Year $6,626 Total # Units Heat Source Gas Heat Type Forced Air Air Condtn - / Central Air 2 Storey Style/Type Sold Date $1,275,000 Sold Price Bsmnt Finish Fully Finished Frontage 59.06 Depth 114.83 Price Total Adjustments Adjusted Price 4 GOLFVIEW Crescent H4160297 04/10/2023 $1,398,880 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) 4 4.10 20,000 12 Full - Fully Finished 10 3,200 -246,050 65.57 x 120.81 1989 / 31-50 Years $6,951 Gas Forced Air 2 Storey 06/28/2023 $1,360,000 Fully Finished 65.57 120.81 $-226,050 $1,133,950 $1,360,000 48 Golfview Crescent H4158492 03/19/2023 $1,988,800 Sold Residential Freehold Sale Hamilton Dundas (41) Governor's Rd (410) -45,000 5 3.10 -20,000 13 Full - Fully Finished - Walk-Out 6 3,772 -446,250 59.06 x 116.55 - / 31-50 Years $6,890 Gas Forced Air 2 Storey 07/20/2023 $1,888,000 Fully Finished 59.06 116.55 $-511,250 $1,376,750 $1,888,000 Researched and prepared

State

100 DAVIDSON Boulevard

by Michael Heddle Royal LePage

Realty

Minimums and Maximums

A summary of key property attributes in this analysis.

Listing Price between $899,900 and $1,988,800

Selling Price between $880,000 and $1,888,000

3-5 Beds

2-4 Baths

0-2 Half Baths

1,581 to 3,772 Square Feet

$0.89 to $1.13 per Sold Square Foot Year Built between 1955 and 2008

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10, 2023

Researched and prepared

LePage State Realty This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

by Michael Heddle Royal

Days On Market

The number of days each property has been listed on the market.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10, 2023

0 5 10 15 20 25 30 35 40 45 78 Mercer St 89 Newcombe Rd 62 WINEGARDEN Tl 30 Davidson Bv 30 GOLFVIEW Cr 61 Newcombe Rd 71 Newcombe Rd 26 Sweetman Dr 12 Pinetree Ct 5 JOYA Pl 38 KEMP Dr 93 DAVIDSON Bv 4 GOLFVIEW Cr 48 Golfview Cr 14 7 28 19 27 5 9 27 6 10 15 7 17 45 Researched and prepared by Michael Heddle Royal LePage State Realty This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

Property Locations

A map showing the subject and comparable properties

October 10, 2023

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4

100 DAVIDSON Boulevard , Dundas, L9H 7M4 4 3 Beds Baths Sq.Ft. 2497 Address Price Date Beds Baths Sq.Ft. 1 78 Mercer St, Hamilton, L9H 2N6 $1,285,000 2 3 9/26/23 1,910 2 89 Newcombe Rd, Dundas, L9H 0A6 $1,335,000 3 3 9/14/23 2,390 3 62 Winegarden Tl, Hamilton, L9H 7M2 $1,350,000 4 5 9/6/23 3,152 4 30 Davidson Bv, Dundas, L9H 6X7 $1,145,000 3 5 8/16/23 2,450 5 30 Golfview Cr, Dundas, L9H 6V3 $1,110,000 2 4 8/22/23 2,745 6 61 Newcombe Rd, Dundas, L9H 7T3 $1,420,000 3 4 7/25/23 2,330 7 71 Newcombe Rd, Dundas, L9H 7T3 $1,466,000 3 5 7/13/23 2,959 8 26 Sweetman Dr, Dundas, L9H 7N6 $1,550,000 3 4 7/23/23 3,211 9 12 Pinetree Ct, Dundas, L9H 6V5 $1,500,000 2 4 6/13/23 2,810 10 5 Joya Pl, Hamilton, L9H 6N4 $1,207,000 2 4 5/29/23 2,350 Researched and prepared by Michael Heddle This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

Property Locations

A map showing the subject and comparable properties

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10, 2023

100 DAVIDSON Boulevard , Dundas, L9H 7M4 4 3 Beds Baths Sq.Ft. 2497 Address Price Date Beds Baths Sq.Ft. 11 38 Kemp Dr, Dundas, L9H 2M9 $880,000 2 4 5/19/23 1,581 12 93 Davidson Bv, Dundas, L9H 7M3 $1,325,000 3 5 5/11/23 2,803 13 4 Golfview Cr, Dundas, L9H 6V7 $1,360,000 4 4 4/27/23 3,200 14 48 Golfview Cr, Dundas, L9H 6T9 $1,888,000 3 5 5/3/23 3,772 Researched and prepared by Michael Heddle This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

List Price, Sale Price, and Days on Market

List price, and sale price of sold listings, with the number of days each property has been listed on the market.

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10, 2023

0K 400K 800K 1,200K 1,600K 2,000K 0 5 10 15 20 25 30 35 40 45 78 Mercer St 89 Newcombe Rd 62 WINEGARDEN Tl 30 Davidson Bv 30 GOLFVIEW Cr 61 Newcombe Rd 71 Newcombe Rd 26 Sweetman Dr 12 Pinetree Ct 5 JOYA Pl 38 KEMP Dr 93 DAVIDSON Bv 4 GOLFVIEW Cr 48 Golfview Cr 1,285,000 1,395,000 1,399,900 1,199,900 1,199,900 1,399,000 1,299,000 1,599,900 1,499,977 1,125,000 899,900 1,295,000 1,398,880 1,988,800 1,335,000 1,350,000 1,145,000 1,110,000 1,420,000 1,466,000 1,550,000 1,500,000 1,207,000 880,000 1,325,000 1,360,000 1,888,000 14 7 28 19 27 5 9 27 6 10 15 7 17 45 List Price Sale Price DOM Days on Market Researched and prepared by Michael Heddle Royal LePage State Realty This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice

Pricing Recommendation

Setting the right price is critical to a successful sale.

General Facts About Pricing

There are many things we can do to help ensure the successful sale of your home--such as sprucing up its appearance and marketing it aggressively--but the single most important thing is choosing the right price.

The best, most reliable way of choosing the right list price for your home is by comparing it to similar properties in the neighborhood. How much are comparable properties currently listed for? How much did comparable properties recently sell for? How are these properties different than yours? Are prices rising or falling? These questions will guide us to the best possible list price for your home: a price that is as high as possible but low enough to generate interest and lead to a quick sale.

Market Statistics

Prices are adjusted for property differences, rounded to the nearest $100.

After comparing your property to similar properties that are on the market now, that recently sold, and that failed to sell, my analysis suggests a realistic list price for your property of:

Subject Property: 100 DAVIDSON Boulevard, Dundas, L9H 7M4 October 10, 2023

Sell Price Sell Price Per Sq. Ft. Average Price: $1,296,400 Average Price/Sq Ft: $511 High Price: $1,640,500 High Price/Sq Ft: $859 Median Price: $1,302,900 Median Price/Sq Ft: $434 Low Price: $1,095,800 Low Price/Sq Ft: $348

Researched and prepared

by Michael Heddle Royal

Market Analysis Explanation

An explanation and overview of this market analysis.

This Comparative Market Analysis will help determine the correct list price of your home. Ultimately, the correct list price is the highest possible price the market will bear.

This market analysis is divided into three categories: Comparable homes that are currently for sale 1 2 Comparable homes that were recently sold 3 Comparable homes that failed to sell

Looking at similar homes currently for sale, we can assess the alternatives available to a serious buyer. We can also be sure we are not underpricing your home.

Looking at similar homes sold in the past few months, we can see a clear picture of how the market has valued homes comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.

This Comparative Market Analysis has been carefully prepared by analyzing homes similar to yours. The aim of this market analysis is to achieve the highest sale price for your home in a reasonably short period of time.

Subject Property: 100 DAVIDSON Boulevard,

L9H 7M4 October 10, 2023

Dundas,

and

Researched

prepared by Michael Heddle Royal

APPENDIX A: MPAC Assessment vs. Market Sale Price

APPENDIX A - MPAC Assessment vs. Market Sale Price

Based on an analysis of the average MPAC assessment value versus the market sale price of comparable properties, the estimated "market" value of the subject property is:

NOTE: * denotes properties included in the "Direct Comparison Approach".

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

Status Address MPAC Sale Price % Difference Subject 100 Davidson Blvd. 635,000 $ Active 78 Mercer St. 417,000 $ Sold 89 Newcombe Rd. 593,000 $ 1,335,000 $ 125.13% Sold 62 Winegarden Trail 676,000 $ 1,350,000 $ 99.70% Sold 30 Davidson Blvd 556,000 $ 1,145,000 $ 105.94% Sold 30 Goflview Cres. 596,000 $ 1,110,000 $ 86.24% Sold 61 Newcombe Rd. 622,000 $ 1,420,000 $ 128.30% Sold 71 Newcombe Rd. 680,000 $ 1,466,000 $ 115.59% Sold 26 Sweetman Dr. 750,000 $ 1,550,000 $ 106.67% Sold 12 Pinetree Crt. 580,000 $ 1,500,000 $ 158.62% Sold 5 Joya Pl. 531,000 $ 1,207,000 $ 127.31% Sold 93 Davidson Blvd 652,000 $ 1,325,000 $ 103.22% Sold 4 Golfview Cres. 614,000 $ 1,360,000 $ 121.50% Sold 48 Golfview Cres. 608,000 $ 1,888,888 $ 210.67% AVERAGE 124.07% Average $ 1,422,864 Range $ 1,422,864 to $ 1,972,770

APPENDIX B: Cost Approach

APPENDIX B - COST APPROACH TO VALUE

* estimate square

The cost approach value has a minimal value in terms of deriving market value since the Land Value is a difficult value to derive based on comparable available market values in the area. Thus, this method of deriving value is only presented for the purpose of an alternative analytical tool used inorder to provide "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not an accuarate representation of "market" value and the "Direct Comparison Approach to Value" illustrates a more accurate representation of value. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

Land Value: 34.33 Front Ft @ 8500 291,805.00 $ Actual Age: 153 years Effective Age: 30 years Improvements: Cost New Depreciation @ 20% Current Value Building 1756 Sq. ft. @ $275 482,900.00 $ 386,320.00 $ Basement 0 *Sq. ft. @ $80 - $ - $ Garage $60 20,000.00 $ 16,000.00 $ Landscaping @ 75,000.00 $ 60,000.00 $ Total Current Value of All Improvements 462,320.00 $ 462,320.00 $ Indicated Value by the Cost Approach 754,125.00 $ Value Rounded to 1,167,000.00 $

footage

96,580.00 $ - $ 4,000.00 $ 15,000.00 $

APPENDIX C: Sale Price vs. Market Change

APPENDIX C - Sale Price vs. Market Change

Based on an analysis of the average sale price in the acqusition year versus the market change, the estimated "market" value of the subject property is:

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is typically not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". Thus, the relative significance of this method of deriving value is extremely low. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.

May-21 Sep-23 % Change Average Sale Value 946,235.00 $ 1,082,188.00 $ 14.37% Median Sale Value 947,500.00 $ 1,072,500.00 $ 13.19% Subject Property Sale Price 100 Davidson Blvd. 1,275,000.00 $ Adjusted Value (vs. Average) 1,458,189.24 $ Adjusted Value (vs. Median) 1,443,205.80 $ Value Added: $ROI 80% Estimate of Value Added: $Estimate of Value: $ 1,450,698 Estimate of value (Range): $ 1,443,206 to $ 1,458,189

Monthly Monthly

APPENDIX D: MPAC AVM Value

REALTOR® AVM Enhanced Residential Report

Real Time Market Value (AVM) $1,387,000 AVM Valuation Date (yyyy-mm-dd) 2023-10-04 Con0dence Rating AVM Range $1,301,000-$1,480,000 Michael Heddle Royal LePage State Realty Hamilton ON (M):+19057303953 (O):+19056626666 mikeheddle@royallepage.ca

Property Address 100 DAVIDSON BLVD Municipality HAMILTON CITY Roll Number 251826029002364 Property Code & Description 301 - Single-family detached (not on water) Postal Code L9H7M4 Province ON AVM Details Services Hydro Private Water Private Sanitary Hydro available -Site Details Frontage (ft) Depth (ft) Site Area (A) Site Access Site Variance 59.06 114.83 0.16 Year Round Road Access Regular On-Site Variables Abuts Variables Proximity Variables Waterfront Variables OFFICIAL PLAN DESIGNATEDRESIDENTIAL Permit Details Number Issue Date (yyyy/mm/dd) MPAC Work Description MPAC Status 216505 2003/12/03 Swimming Pool CLOSED Purchase Date: 2023-10-10 Copyright© All rights reserved Municipal Property Assessment Corporation Not to be reproduced by any means or distributed in any manner in whole or in part, without prior written permission 1/3

Primary Structures

Garage Structures

Structure Description SINGLE FAMILY DETACHED Year Built 2002 Total Floor Area (Above Grade sqft) 2,497 First Floor Area (sqft) 1,172 Second Floor Area (sqft) 1,325 Third Floor Area (sqft)Full Storeys 2 Partial Storeys No part storey Bedrooms 4 Full Bathrooms 3 Half Bathrooms 1 Basement Total Area (sqft) 1,215 Basement Finished Area (sqft) 860 Heating Forced Air Air Conditioning Y Renovation YearRenovation TypeAddition YearAddition AreaSplit Level No Split Structure Condition Average Fireplace Total 2 Condo Floor LevelCondo Parking SpacesCondo LockersCondo Indoor ParkingStructure Design TypeStructure Variables -

Structure Description ATTACHED GARAGE Year Built 2002 Total Area (sqft) 419 Garage Spaces 2 Purchase Date: 2023-10-10 Copyright© All rights reserved Municipal Property Assessment Corporation Not to be reproduced by any means or distributed in any manner in whole or in part, without prior written permission 2/3

Other Structures

Structure Description OUTDOOR POOL Year Built 2004 Total Area (sqft) 512 Purchase Date: 2023-10-10 Copyright© All rights reserved Municipal Property Assessment Corporation Not to be reproduced by any means or distributed in any manner in whole or in part, without prior written permission 3/3

APPENDIX E: Geowarehouse Enhanced Report

This report was prepared by:

MICHAEL HEDDLE

SALES REPRESENTATIVE

mikeheddle@royallepage.ca

www.mikeheddle.ca

ROYAL LEPAGE STATE REALTY

Office: (905)574-7441

Fax: (905)662-2227

100 DAVIDSON BLVD DUNDAS PIN 174850055 Client Report Generated on 2023

Inc.

100 DAVIDSON BLVD, DUNDAS | PIN

174850055

Property Details

GeoWarehouse Address:

100 DAVIDSON BLVD

DUNDAS

L9H7M4

PIN:

Land Registry Office:

Land Registry Status:

Registration Type:

Ownership Type:

174850055

HAMILTON WENTWORTH (62)

Active

Certified (Land Titles) Freehold

Report Generated On GeoWarehouse Client Report | Page 2 of 16 Oct 10, 2023 by

MICHAEL HEDDLE (78672)

Lot Size

Area:

Perimeter:

Measurements:

6748.97 sq.ft

344.49 ft

59.17ft x 114.18ft x 59.17ft x 114.19ft

Lot Measurement Accuracy : LOW

These lot boundaries may have been adjusted to fit within the overall parcel fabric and should only be considered to be estimates.

Assessment Information

ARN

251826029002364

Taxation

Frontage: 59.06 ft

Depth:

Based On:

114.83 ft

January 1, 2016

Enhanced Site & Structure

Structures:

Description:

$635,000 $635,000 $635,000 $635,000

Single-family detached (not on water)

MICHAEL HEDDLE (78672)

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

301 Property Code: $635,000 Current Assessment: Year

Phased-In Assessment

2023 2022 2021 2020 Report Generated On GeoWarehouse Client Report | Page 3 of 16 Oct 10, 2023 by

Previous Assessment N/A

Sales History

100 DAVIDSON BLVD, DUNDAS | PIN 174850055 # Year Built Bed Rooms Full Baths Half Baths Full Stories Partial Stories Split Level Fireplace 301 2002 4 3 1 2 No part storey No Split 2 Assessment Roll Legal Description: PLAN 62M-735 LOT 107 Property Address: 100 DAVIDSON BLVD DUNDAS ON L9H7M4 Zoning: R2 Property Type: RESIDENTIAL Site Area: 0.16A Site Variance: Regular Driveway Type: Separate or Private Driveway Garage Type: ATTACHED GARAGE Garage Spaces: 0 Water Service Type: N/A Sanitation Type: N/A Pool: Indoor :N, Outdoor :Y

Sale Date Sale Amount Type Notes Jun 30, 2021 $1,275,000 Transfer Aug 30, 2012 $589,400 Transfer Dec 05, 2001 $237,270 Transfer Report Generated On GeoWarehouse Client Report | Page 4 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 5 of 16 Oct 10, 2023 by

HEDDLE (78672)

Demographics

MICHAEL

100 DAVIDSON BLVD, DUNDAS | PIN 174850055 Report Generated On GeoWarehouse Client Report | Page 6 of 16 Oct 10, 2023

by MICHAEL HEDDLE (78672)

100 DAVIDSON BLVD, DUNDAS | PIN 174850055 Report Generated On GeoWarehouse Client Report | Page 7 of 16 Oct 10, 2023

by MICHAEL HEDDLE (78672)

Dominant Market Group

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

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100 DAVIDSON BLVD, DUNDAS | PIN 174850055 Report Generated On GeoWarehouse Client Report | Page 9 of 16 Oct 10, 2023

by MICHAEL HEDDLE (78672)

Dominant Market Group

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 10 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

Comparable Sales

Comparable Sales Search Results

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Address Date Sales Amount ($) Lot Size (sq.ft) $/sq.ft Distance (m) PIN 1 15 MAPLE AVE, DUNDAS, L9H4W3 Jun 15, 2023 8,150 18,546.00 0 462 174880162 2 129 DAVIDSON BLVD, DUNDAS, L9H7M5 Aug 30, 2023 100,000 8,352.00 12 188 174850101 3 14 - 36 FOREST VALLEY CRES, DUNDAS, L9H0A7 Jun 27, 2023 785,000 N/A N/A 141 184410014 4 74 - 29 VALLEYSIDE LANE, DUNDAS, L9H0A7 May 12, 2023 817,100 N/A N/A 141 184410074 5 93 DAVIDSON BLVD, HAMILTON, L9H7M3 Jul 26, 2023 1,325,000 6,609.00 200 115 174850145 6 73 NEWCOMBE, HAMILTON Sep 05, 2023 1,466,000 182.00 8055 271 174851237 7 71 NEWCOMBE RD, DUNDAS, L9H7T3 Sep 05, 2023 1,466,000 4,919.00 298 280 174851123 8 26 SWEETMAN DR, FLAMBOROUGH, L9H7N6 Sep 18, 2023 1,550,000 7,685.00 202 402 174851088 Report Generated On GeoWarehouse Client Report | Page 11 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

Sales Statistics

Maximum: $1,550,000

Minimum: $8,150

Average: $939,656

Median: $1,325,000

*Standard Deviation: The smaller the number, the more similar are the sales results in the area. The larger the number, the more widely spread the sales results are in the area.

Area Heat Maps

Average Sales Heat Maps - Last 1 Year

The Average Sales Heat Map shows the average sale price of properties within the subject property's block compared to surrounding blocks.

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 12 of 16 Oct 10, 2023

by MICHAEL HEDDLE (78672)

Growth Rate Heat Maps - Last 5 Years

The Growth Rate Heat Map shows the growth of the average sale price of properties within the subject property's block compared to surrounding blocks.

Market Turnover Heat Maps - Last 1 Year

The Market Turnover Heat Map shows the percentage of properties that have sold in the past year within the subject property's block compared to surrounding blocks.

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 13 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

Historical Market Trends

Average Sale Values and Growth Rates

Market Turnover Rates

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 14 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

Market Statistics

Area Map

Average Sales Price - Last 1 Year

$1,133,655

$1,050,799

Block Municipality

Growth Rate - Last 5 Years

5 Year Analysis

Stable Value - With average property values 12.5% higher than the municipal average and properties turning over 37.7% less, property owners are comfortable setting roots in the community.

Market Turnover - Last 1 Year

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 15 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

Terms and Conditions

Reports Not the Official Record. Reports, other than the Parcel Register, obtained through Geowarehouse are not the official government record and will not necessarily reflect the current status of interests in land.

Data contained in the Geowarehouse reports are not Currency of Information. maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS.

Data, information and other products and services accessed through the Land Coverage. Registry Information Services are limited to land registry offices in the areas identified on the coverage map.

Completeness of the Sales History Report.

Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.

Demographic Information is obtained from Environics

Demographic Information. Analytics. Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada's Open Data Policy. No information on any individual or household was made a vailable to Environics Analytics by Statistics Canada. PRIZM and selected PRIZMC2 nicknames are registered trademarks of The Nielsen Company (U.S.) and are used with permission.

The Property Information Services, reports and information are provided "as is" and your use is subject to the applicable Legal Terms and Conditions. Some information obtained from the Land Registry Information Services is not the official government record and will not reflect the current status of interests in land. Use of personal information contained herein shall relate directly to the purpose for which the data appears in land registry records and is subject to all applicable privacy legislation in respect of personal information. Such information shall not be used for marketing to a named individual.

Parcel Mapping shown on the site was compiled using plans and documents recorded in the Land Registry System and has been prepared for property indexing purposes only. It is not a Plan of Survey. For actual dimensions of property boundaries, see recorded plans and documents.

100 DAVIDSON BLVD, DUNDAS | PIN 174850055

Report Generated On GeoWarehouse Client Report | Page 16 of 16 Oct 10, 2023 by MICHAEL HEDDLE (78672)

APPENDIX F: Market Conditions

OUTSTANDING MARKET REVIEW

Our goal is to ensure that our aggressive and ‘dialled-in’ marketing plan get the most exposure of your property listing in front of serious qualified purchasers. It’s important for us to keep communication open with you and routinely review the market conditions and our marketing efforts.

MARKET CONDITIONS

The conditions of the macro and micro markets surrounding your property are key to understand when offering your property for sale. As your real estate advisors, it’s important for us to make sure that we effectively communicate those conditions with you so that you may be informed.

Months-of-Inventory [M.O.I.]

Determining the current market conditions, and type of market, is key in order to provide professional guidance with the sale of your property. A ‘market intelligence’ tool that illustrates the strength of the market is determining the number of months’ of inventory. This metric identifies the strength of the market be indicating market demand. Typically:

“Seller’s Market” is identified as between 0-4 months’ of inventory. “Balanced Market” is typically represented by 4-6 months of inventory.

“Buyer’s Market” is defined as anything over 6+ months of inventory.

The Heddle Group. | www.theHeddleGroup.ca | info@theheddlegroup.ca 4

Search Criteria

Time frame is from Jan 2018 to Sep 2023

Region is 'Hamilton'

Municipality is 'Dundas (41)'

Transaction Type is 'Sale'

Results calculated from approximately 2,600 listings

Page 1 of 1 https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

2023-10-10, 12 : 25 PM Matrix

Search Criteria

Time frame is from Jan 2018 to Sep 2023

Region is 'Hamilton'

Municipality is 'Dundas (41)'

Transaction Type is 'Sale'

Results calculated from 1,893 listings

Page 1 of 1 https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

2023-10-10, 12 : 26 PM Matrix

Search Criteria

Time frame is from Jan 2018 to Sep 2023

Region is 'Hamilton'

Municipality is 'Dundas (41)'

Transaction Type is 'Sale'

Results calculated from 1,893 listings

Page 1 of 1 https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

2023-10-10, 12 : 26 PM Matrix

Search Criteria

Time frame is from Jan 2018 to Sep 2023

Region is 'Hamilton'

Municipality is 'Dundas (41)'

Transaction Type is 'Sale'

Results calculated from 1,890 listings

Page 1 of 1 https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

2023-10-10, 12 : 26 PM Matrix

APPENDIX G: Investment Analysis

ACQUISITION COSTS

NOTE: The information contained herein is provided for informational purposes only. The Listing Brokerage and Broker make no representation of the accuracy of the information contained herein. The purchaser MUST perform their own due diligence and make their own inquiries.

The Heddle Group | Royal LePage State Realty info@theheddlegroup.ca P: (905) 574-7441 F: (905) 662-2227 MONTHLY GROSS RENTAL INCOME $4,200 Vacancy Rate 3% $126 Down Payment $287,840 Other Inc $0 Initial Improvements $0 GROSS OPERATING INCOME (GOI) $4,074 Building Inspection $500 Appraisal $500 MONTHLY OPERATING EXPENSES Land Transfer Tax $22,175 Taxes $637 Legal Fees $1,800 Insurance $100 $312,815 Utilities $50 Repairs & Maintenance 3% $126 Property Management 0% $0 Condo Fees $0 ROI Other: $0 Cash Flow -10.72% Other: $0 Principle Recapture 0.00% TOTAL MONTHLY OPERATING EXPENSES $913 Passive Appreciation @5% 20.54% Forced Appreciation 0.00% NET OPERATING INCOME (NOI) $3,161 TOTAL ROI 9.82% DEBT SERVICE Purchase Price $1,285,000 Downpayment 22% $287,840 SUMMARY Mortgage Amount $997,160 Cap Rate 2.95% Monthly Payment 545%/30 yrs $5,956 Cash-on-cash -10.72% Break Even 168.61% NET MONTHLY CASH FLOW -$2,795 Payback Period (yrs) -9.3

100 Davidson Blvd.

TOTAL ACQUISITION COSTS Property Type: Single Family Residential -10.72% 0.00% 20.54% 0.00% 9.82% -15% -10% -5% 0% 5% 10% 15% 20% 25% Cash Flow Principle Recapture Passive Appreciation Forced Appreciation TOTAL ROI ROI Breakdown