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1945 Woodway Place, Burnaby Avisonyoung.Com For Sale 1945 Woodway Place, Burnaby avisonyoung.com Medium density residential development opportunity in Brentwood Town Centre Close proximity to Holdom and Brentwood SkyTrain Stations Mehdi Shokri, Principal Nestor Fourik, Associate 604.647.1355 604.646.8391 [email protected] [email protected] 1945 Woodway “[Real estate] sales last Place, Burnaby year were driven by Avison Young is pleased to present the opportunity demand for single-family to acquire a medium density residential development site in Brentwood Town Centre. homes. This year, it’s clear According to applicable City of Burnaby bylaws, plans and policies this site has the potential for that townhomes and townhome development. This exclusive opportunity condominiums are leading is well positioned to capitalize on the current lack of townhome supply in the region and across Metro the way” Vancouver. - Jill Oudil, Real Estate Board of Greater Vancouver president TOWNHOME SUPPLY METRO active townhome VANCOUVER units for sale 12,843 contemplated townhome units potentially coming to market 3,765 in the next 5 years BURNABY active townhome units for sale 391 contemplated townhome 38 units potentially coming to market in the next 2 years BRENTWOOD active townhome 0 units for sale Offering Process Interested parties are encouraged to review the information provided in the Confidential Information Memorandum (CIM) and in the online data room, both of which are available upon execution of a Confidentiality Agreement (CA). Offers will be excepted through a modified bid process, please contact the listing agents for details. Property Summary Municipal Address Current Zoning 1945 Woodway Place, Burnaby CD RM3 PID & Legal Description Potential Density Please reference CIM 1.5 FSR (1.1 base density+ 0.15 bonus density+ 0.25 bonus density for “s” zoning sub category) Neighbourhood Brentwood Potential Buildable Density 109,683 SF Building Description 84 Unit Strata Building OCP Burnaby Official Community Plan-Brentwood Lot Width and Depth Town Centre 140 ft x 433 ft OCP Land Use Lot Size Medium Density 73,122 sf Multiple Family Residential Year Built 1977 Development Potential The subject property is zoned CD RM3 and falls within the Brentwood Town Centre of the Burnaby Official Community Plan (OCP). The OCP designates the properties land use as Medium Density Multiple Family Residential. This land use supports residential buildings in ground-oriented and low-rise forms (row-houses, townhouses and low-rise apartments). The City of Burnaby has established existing and supplementary base and bonus density provisions to allow for increased densities on medium and high density sites in Town Centre Areas. The supplementary density would be granted in addition to existing base and bonus density provisions in the zoning bylaws. The density provisions of the approach are outlined in the table below. Existing Base and Bonus Density Potential Base and Bonus Density Total Base FSR for Bonus FSR for “s” Total FSR for “s” zoning Zoning Base FSR Bonus FSR “s” zoning sub zoning sub category sub category category RM3 1.1 0.15 0 0.25 1.5 RM4 1.7 0.3 0.8 0.8 3.6 RM5 2.2 0.4 1.2 1.2 5.0 Amenities 1. Brentwood Town Centre 8. JOEY Burnaby 15. Brentwood Park & Playground 2. Brentwood Park Elementary 9. Save-On-Foods 16. Cactus Club Cafe 3. Brentwood Preschool 10. Whole Foods Market 17. Tivoli’s Restaurant 4. Holy Cross Elementary School 11. Shoppers Drug Mart 18. TD Bank 5. Springer Park 12. Esso 19. Petro Canada 6. Brentwood Montessori Child Care 13. Tim Hortons 20. Revs Bowling & Entertainment 7. Browns Social House Brentwood 14. St John Ambulance Accessibility Metrotown Downtown Brentwood Mall Holdom SkyTrain 16 minutes 27 minutes 4 minutes 3 minutes 2 3 REEK 17 4 15 ER C DELTA AVE VENUE H SUBJECT PROPERTY BEEC 19 1 18 WILLINGDON A 16 9 8 7 5 6 10 11 12 BRENTWOOD TOWN 13 CENTRE STATION 14 LOUGHEED HIGHWAY HOLDOM STATION DOUGLAS R 20 D STILL CREEK DRIVE Avison Young BURNABY GROWTH #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada +11.3 % 125,000 increase in multi-family person population growth dwellings in the past 5 in the next 25 years years avisonyoung.com 7,395 60,000 © 2017 Avison Young. All rights reserved. new multi-family units job opportunities in added over the past 5 E. & O.E.: The information contained herein was obtained from the next 25 years sources which we deem reliable and, while thought to be years correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young..
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