Crystal Court A CLASSIC | 8860 MONTCALM STREET | , BC

FOR SALE 1ST TIME ON THE MARKET 24 SUITES PROPERTY HIGHLIGHTS + Opportunity to acquire a 100% leased, 24-suite rental building with a Prominent Vancouver West-side “Marpole” address in one of the most sought after residential neighborhoods in ; + This 3-storey plus Penthouse, 24-unit contemporary apartment building comprises a unique and desirable suite mix including; 1-two bedroom Penthouse suite complete with exterior deck and good views, 14 exceptionally large one bedroom suites and 9 well laid-out bachelor suites; + The Crystal Court Apartments is strategically located mid-block on Montcalm Street between West 72nd Avenue and West 73rd Avenue in close proximity to a variety of tenant friendly amenities found on the South Granville Retail Commercial Corridor, just steps to major bus routes and a 17-minute walk to the new “” linking Richmond and the Airport with Vancouver; + Ideally situated in a proven rental market as Vancouver’s Marpole neighborhood has historically enjoyed high occupancy rates and at the current vacancy rate of 0.6% enjoys one of the lowest apartment vacancy rates in Canada; + Rents in the building are averaging below CMHC posted rates for the Marpole neighborhood, providing investors a “significant upside opportunity” to increase cash flow and investment return by renovating suites on turnover and re-leasing the suites at current market rates! Contact Agent for further details. LANCE COULSON PERSONAL REAL ESTATE CORPORATION GREG AMBROSE Executive Vice President Senior Sales Associate National Apartment Group I CBRE Limited National Apartment Group I CBRE Limited 604 662 5141 I [email protected] 604 662 5178 I [email protected] Crystal Court Apartments

COVETED “MARPOLE” LOCATION + The “Crystal Court Apartments” is strategically located mid-block on Montcalm Street within the growing Marpole neighborhood on Vancouver’s west-side. The property is just steps from the South Granville Retail Commercial Corridor, providing immediate access to an excellent mix of restaurants, specialty shops & services, grocery and many other tenant-friendly amenities. + The recent influx and transformation of the nearby Granville Corridor and the Marine Gateway area has attracted new retailers and notable hot spots such as Shoppers Drug Mart, T&T Supermarket, Starbucks, Winners, Cineplex Cinemas, numerous banks and many other shops and services. + 8860 Montcalm Street is steps to major bus routes and a 17-minute walk to the new rapid transit “Marine Drive Station” linking Richmond and the Airport with which will continue to attract and retain quality tenants.

TENANTS ARE ATTRACTED TO A VIBRANT NEIGHBORHOOD FULL OF AMENITIES!

GROCERY 1 MINUTE WALK ABUNDANCE OF AMENITIES AT THE NEARBY MARINE GATEWAY COMPLEX SKYTRAIN 17 MINUTE WALK VANCOUVER’S “MARPOLE” NEIGHBOURHOOD, ONE OF CANADA’S STRONGEST RENTAL MARKETS + Vancouver’s prestigious “Marpole neighbourhood continues to provide one of the strongest rental markets for investors in Canada, with properties achieving one of the lowest vacancy rates in all of Metro Vancouver at just 0.6% 1n 2017. (Source:CMHC) 81 95 60 + Strong migration, better employment opportunities, and the high cost of home ownership have contributed to substantial rental AREA DEMOGRAPHICS 3 KM rate increases in Vancouver neighborhoods, including Marpole. Population (2017) 59,844 + Rents in the building are averaging below CMHC posted rates for the Marpole neighborhood, providing investors a “significant Est. Population Change (2017-2022) 7.8% upside opportunity” to increase cash flow and investment return Avg. Household Income (2017) $102,263 by renovating suites on turnover and re-leasing the suites at current market rates! Projected Household Income (2022) $119,275 EFFICIENT SUITE LAYOUTS & AMPLE STORAGE BRIGHT, WELCOMING LOBBY LARGE SUITES WITH ORIGINAL HARDWOOD FLOORS

BUILDING FEATURES + The Crystal Court Apartments is a contemporary 3-storey apartment building comprising 24 rental suites including a private 2-bedroom top floor Penthouse; + Residential suites are all improved with attractive hardwood floors, enjoy large comfortable layouts complete with ample closet space and most comprise either a deck or patio and are further improved with strategically positioned windows providing an abundance of natural light; + Original elements have been retained throughout the building and in a majority of the suites in order to maintain the charm and architectural appeal of this classic Marpole building. Some classic elements include; attractive multi-colored tile EXECUTIVE SUMMARY accents decorate the exterior of the buildings main floor, elaborate wood finishes, attractively designed durable Victorian-style wool carpet and classic art deco MUNICIPAL ADDRESS chandelier combine to enhance the look and feel of the lobby and common areas; 8860 Montcalm street + The buildings laundry room facilities are situated on the main level (2 washers & 2 Vancouver, BC dryers) and are further improved with laundry lockers and full height storage lockers for tenant convenience; PARCEL IDENTIFIER + All suites are individually metered for Hydro (Tenant Pays) and comprise radiant 014-353-075 & 014-353-083 hot water heat (Landlord pays heat & hot water); + A variety of recent Capital Expenditures have been completed including: new YEAR BUILT exterior paint job including covered parking area, a variety of lobby updates, new 1964 domestic hot water tank, plumbing updates, a variety of suite improvements as required and extensive landscaping upgrades throughout the site. SITE SIZE 14,000 Sq. Ft. * SUITE BREAKDOWN *All measurements are approx. & SUITE TYPE # OF SUITES SUITE SIZE RANGE AVERAGE RENT subject to verification by the purchaser

Bachelor 9 430 Sq. Ft. $790 ZONING One Bedroom 14 640 - 670 Sq. Ft. $896 SKYTRAIN 17 MINUTE WALK RM-3A Two Bedroom Penthouse 1 690 Sq. Ft. $1,465 TOTAL 24 430 - 690 Sq. Ft. $880 BUILDING SIZE 24 suites with penthouse SITE & PARKING + 14,000 +/- square foot rectangular shaped site prominently positioned on a quiet PARKING STALLS tree lined street provides the building with excellent curb appeal; 18 stalls + The building provides for 10 covered surface stalls and 8 uncovered surface stalls for a total of 18 parking stalls; NET INCOME + Driveway access to the surface and covered parking stalls is available via the rear CONTACT AGENT lane accessed from either West 72nd or West 73rd Avenue; + Balance of site features attractive lawns and gardens, an assortment of recently PRICE planted trees, shrubs and decorative river rock along the perimeter and is improved BID PROCESS with a concrete paved front entrance walkway. Crystal Court Apartments A MARPOLE CLASSIC | 8860 MONTCALM STREET | VANCOUVER, BC

MARPOLE/OAKRIDGE COMMUNITY CENTRE

DAVID LLOYD GEORGE ELEMENTARY SCHOOL

GRANVILLE STREET RETAIL CORRIDOR

WILLIAM MACKIE SUBJECT PARK PROPERTY

OAK STREET

MARPOLE PARK

SOUTHWEST MARINE DRIVE TO MARINE GATEWAY STATION

VANCOUVER TRANSIT CENTRE

TRAVEL TIMES LOCATION DRIVE TIME YVR Airport 19 minutes Metro Vancouver 15 minutes Downtown Vancouver 20 minutes BC Ferries 36 minutes Canada/US Border 40 minutes

LANCE COULSON PERSONAL REAL ESTATE CORPORATION GREG AMBROSE CBRE NATIONAL APARTMENT GROUP Executive Vice President Senior Sales Associate LEADING GREATER VANCOUVER’S RENTAL APARTMENT MARKET IN 2015/2016* National Apartment Group I CBRE Limited National Apartment Group I CBRE Limited *SOURCE: REALNET FROM JANUARY 1, 2015 – DECEMBER 31, 2016. 604 662 5141 I [email protected] 604 662 5178 I [email protected] INCLUDES TRANSACTIONS WITH CO-OPERATING BROKERS.

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