FOR SALE

WEST BROADWAY 2466 , BC West Broadway Multifamily Investment Opportunity

KELVIN LUK MARGARET ZHENG 鄭韻如 WILLIAM MAUNSELL CHRISTINA HO Personal Real Estate Corporation Director, Asia Pacific Division Associate Co-Listing Agent 604 662 2616 604 365 2828 604 661 0876 604 328 8806 [email protected] [email protected] [email protected] [email protected] PROPERTY HIGHLIGHTS

>> Opportunity to purchase a high-exposure multifamily property with holding LOCATION income and excellent repositioning potential >> 10 unit multifamily apartment building along West Broadway with a site 2466 West Broadway is ideally located on the south side of West Broadway size of 6,250 SF in the neighbourhood. As one of Vancouver’s most sought-after multi-residential areas, Kitsilano has enjoyed close to a 0% vacancy rate and >> Less than a 10-minute walk from the future West Broadway Millennium a steady appreciation of residential rental rates. Tenant demand in the area Line SkyTrain extension continues to soar due to the surrounding beaches, restaurants, shopping and access to Downtown Vancouver, UBC and Metro Vancouver via transit. >> Walking distance to Kitsilano Beach, Kitsilano Community Centre, Whole Foods Market and numerous restaurants, shopping and amenities

>> Outstanding potential to renovate units and further increase existing rental income which is below market

AERIAL

W Broadway 125 Ft 125

50 Ft SALIENT FACTS

Civic Address: 2466 West Broadway PID: 011-454-156 Legal Description: Plan VAP1058 Lot 4 Block 341 District Lot 526 Land District 36 Location: Located along West Broadway between Larch Street and Balsam Street Frontage (approx.): 50 FT of frontage along West Broadway Site Size (approx.): 6,250 SF (50 FT x 125 FT) Current Zoning: RM-4 Building Area (approx.): 10,331 SF Suite Mix: 9 one-bedroom, 1 one-bedroom plus den* (10 oversized units) The Property is improved with a two-storey plus basement woodframe Improvements: apartment Gross Taxes (2017): $9,405.46 Current NOI: Please Contact Listing Agents Price: $5,100,000 *Occupied by the Caretaker rent free.

MILLENNIUM LINE BROADWAY EXTENSION MAP

VCC– W BROADWAY FRASER ST Clark Legend ARBUTUS ST GRANVILLE ST OAK ST CAMBIE ST MAIN ST KNIGHT ST Expo Line West Coast Express Millennium Line Broadway Extension Elevated SkyTrain Tunneled SkyTrain and Stations km

MILLENNIUM LINE BROADWAY EXTENSION

The Millennium Line Broadway Extension is a project to extend the Millennium Line along Broadway in Vancouver. It will increase transit capacity, decrease travel times, and improve travel reliability in one of the busiest destinations in the region. The Broadway corridor includes the largest hospital in western Canada, the second largest employment centre in British Columbia, and the busiest bus route in Canada and the United States. The Project Partnership Agreement identifies recent commitments made by the City of Vancouver to planning processes related to affordable housing supply in the corridor.

The Millennium Line Broadway Extension will begin at VCC–Clark Station and end at Arbutus Street. While the eastern part of the extension will be elevated above ground, most of it will be a bored tunnel beneath Broadway. The extension will include six new stations. Project highlights include:

• Trains are expected to run every 3 to 4 minutes during peak periods, and every 6 to 8 minutes during off-peak periods, on opening day.

• People will be able to travel from Lafarge Lake-Douglas Station in Coquitlam to Arbutus Street in Vancouver in approximately 46 minutes – one train, no transfers.

• The extension will be able to move 5,100 more passengers per hour per direction on opening day than the 99 B-Line – a capacity increase of 250%. It will be built to allow for additional increases in capacity over time.

Construction on the Millennium Line Broadway Extension is anticipated to be completed by 2025. The total cost of the Millennium Line Broadway Extension is estimated at $2.83 billion; $47 million of project costs were already funded in the Phase One Plan. Cost estimates may be refined through additional technical analysis, public input and design modifications, and will be finalized at the end of the procurement process.

For more information visit broadwayextension.ca. PHASE TWO OF THE TEN YEAR VISION – INVESTMENT PLAN 6 Stanley Park Downtown Vancouver

Larch St. Balsam St.

3 blocks to Arbutus Millennium Line SkyTrain extension

W Broadway 2466 W Broadway

DEMOGRAPHICS

Population Driving Walking Avg. Household Income 26,444 - 1 km D/T Vancouver - 14 mins Future Millennium SkyTrain $104,933 - 1 km 138,836 - 3 km UBC - 10 mins Shops on Broadway $112,626 - 3 km YVR - 25 mins Kitsilano Secondary School Kitsilano Beach

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