NORTH SHORE

Subject Property DOWNTOWN W Broadway

W 41st Avenue

Granville Street Marine Drive Golf Club VANCOUVER

PROPOSED MASSING GRANVILLE & 71ST INTERSECTION ambie Street Fraser River C Park Marine Drive UBC Oak Street o T SkyTrain Station SW Marine Drive th W 70 Avenue W 71st Avenue

SW Marine Drive To Burnaby

Oak St Bridge T o R

ichmond/

To YVR Airport/ Arthur Laing Bridge McArthurGlen To Richmond Fraser River Designer Outlet U.S. B

order RICHMOND Bridgeport SkyTrain Station MARPOLE OAKS 1296 W 70TH AVENUE VANCOUVER, BC Loyalty. Performance. Results

Featuring: • Zoned Multi Family Residential (3M-A). • OCP supports Rental 100 with FSR up to 2.5 and upto 6 stories. • Underground parking. • Prime corridor exposure.

Cody Davis, Marpole Specialist Jess Kuang*, Commercial Specialist 778.855.5851 778.8 8 3.7665 [email protected] *Jess Kuang Personal Real Estate Corporation 1296 W 70 TH AVENUE VANCOUVER, BC

r o

Municipal Address 1296 W 70TH Avenue, Vancouver, BC

arcel Identi er 14 Strata Units

Site Area

~ 9, sf ✓ major Frontages - ~ 83 ft. along Hudson Street ✓ ~ 1 ft. along W 70TH Avenue

Current Improvements 14 Unit Strata Building (Occupied) ✓ Rental 100 Rental Current Zoning ✓ 14 RM3-A . Marpole Community Plan (up to 6 storeys, ✓ 2.50 FSR) ✓ at for Buildable Area ~23,843 sf Price ✓

SW MARINE DRIVE

W

7 W

0 6

T

H 8

T

A H

V A

E V

N E

U NUE

E

GRA

NVILLE STREE NUMEROUS RESTAURANTS, SHOPS & AMENITIES

W

7

1

S

T

A

V

E

E NU 1296 W 70 TH AVENUE MARPOLE OAKS VANCOUVER, BC

Prominent Location The property benefits from its highly exposed location at Hudson Street and W 70th avenue in the vibrant Marpole neighborhood – a riverfront neighborhood situated in the southern portion of Vancouver’s West Side along the banks of the Fraser River. Oak Street forms part of Highway 99 and runs through the center of the City of Vancouver, 83 leading directly to Downtown Vancouver to the north, and Richmond/Vancouver Walk Score – “Very Walkable” International Airport to the south. It also connects directly with Marine Drive leading to UBC to the west and Burnaby/Fraser Valley to the east. Marpole offers residents all the 94 amenities of urban living on their doorstep with strong walking and cycling connections Bike Score – “Biker’s Paradise” to public transit.

Development Potential The site is currently zoned RM-3A, which allows for a Multi-Family development up to 1.00 FSR. The designated land use within the Marpole Community Plan is a 100% apartment rental building that can build up to 6 storeys with utilizing potentially 2.5 FSR.

Potential architectural massing - six storeys

PROPOSED MASSING 71ST AND LANE INTERSECTION

ArtistArtist illustration illustration of future Granvilleof future Street Granville looking sout hStree towardt Fraserlooking River south toward Fraser River (Source: Marpole Community Plan)

30 6.0 PLACES MARPOLECOMMUNITYPLAN ADDRESS SQFT LOT 1296 W 70th Ave 9,430 8628 Hudson Street 5,750 8638 Hudson Street 5,400

Land Assembly Total 20,580 Potential Buildable 51,450 MARPOLE COMMUNITY PLAN MARPOLE COMMUNITY Existing Apartment Existing Apartment * The proposed floor space ratio (FSR) is an estimate based on intended urban design design urban intended on based estimate an is (FSR) ratio space floor proposed The * (rate ofchange) zones RM existing in required residential rental • 100% permitted. use • Residential to 2.5*. up • FSR: to 6storeys. up • Height: (up Apartment to 6storeys) 6.2.5 • Provide public realm improvements that include increased sidewalk width, sidewalk increased include that improvements realm • public Provide to and ofscale appearance to minimize back massed/set storeys • Upper building excessive supported; is development lot smaller and • Incremental in (see policies families for units 3bedroom • 2and Provide (see Housing in policies 8.0 street trees and amenities such as seating, bike racks, etc. racks, bike seating, as such amenities and trees street impacts. shadow reduce discouraged. strongly are widths on urban design and public realm performance and quality. and performance realm public and design urban on based proposals individual of analysis by careful determined be will and given range FSR the above sites, anomalous or, for below, within, fall may site each for potential development The properties. toadjacent transition and locations respective for appropriate scale and height form/typology, size, to site respect with performance Zone Comm Mar with Transition to Scale Neighbour 6 Storey Apartment Storey6 Apartment shadow @equinox noon 83‘ ). pole Official W 70thAve unity Plan 100’ 8.0 Housing 8.0 with Transition to Scale Lane shadow @equinox noon 6 Storey6 Apartment ). 94‘ Example of 6 storey apartment building apartment 6storey of Example Example of residential access from the street the from access residential of Example Lane 20‘ Two-family Zone Existing e Cartier St David Lloyd Elementary George Apartment (up to 6 storeys) Apartment

Hudson St

6.0 PLACES W 73rd Ave W 72ndAve W 71stAve W 70thAve W 67thAve W 64thAve Park Dr Park Ebisu Park

SW Marine Dr

Osler St 47

Oak St

CAMBIE OAK HUDSON GRANVILLE Marpole OCP

Subject Site MARIN E DR

TH MARINE DR 1296 W 70 AVENUE 3 ST W MT SEY MOUR PKWY Marpole Oaks VANCOUVER,KEITH RD E BC 3 ST E DOLLART ON HWY

W GEORGIA ST

E HASTINGS ST WIL LIN DOWNTOWN HASTINGS ST CL ARK D R GD O W 4 AVE W BROADWAY N KINGSWAY E BROADWAY AVE NAN

15minutes to R

W 16 AVE ST UPE RT Downtown Vancouver ST AI MO

SW W KING EDWARD AVE

M BOUN DAR ARINE DR 10mminutes inute s GR KN AN V

10 IG H to UBC VANCOUVER CANADA WAY T S W 41 AVE ILL E Y R D KINGSWAY S T W 49 AVE KERR S T IMPERIAL ST AVE 18 mmiinutteses ttoo H S ENT BBurnabyurnaby E M T Subject Property ARINE DR BURNABY MARINE WAY 10minutes to Airport D R RNE BY 5 minutes to Richmond BRIDGEPORT RD

RICHMOND ALDERBRIDGE WAY

WESTMINSTER HWY

BLUNDELL RD O O O O O 1 2 3 4 6

R R R R R RIV D D D D D Loyalty. Performance. Results STEVESTON HWY Jovi Realty Inc. #201-2010 E 48th Avenue Vancouver, BC V5P 1R8, Canada

jovirealty.com

LADNERTRUNK RD Jess Kuang*, Commercial Specialist Cody Davis , Marpole Specialist © 2017 Jovi Realty Inc. All rights reserved. E. & O.E.: The information contained herein was obtained

778.883.7665 778.855.5851 ART contact@ ndtheplace.ca [email protected] from sources which we deem reliable and, while thought

HUR D R to be correct, is not guaranteed by Jovi Realty Inc. * Jess Kuang Personal Real Estate Corporation

DELTAPORT WAY Jovi Realty Inc. HOLDING 201-2010 E 48th Avenue, EQUITY Vancouver BC V5P 1R8 604-202-2929

1296 West 70th Avenue, Vancouver BC PROJECTED INCOME (2019)

Unit Number Type/Size Projected Income Per Month

101 2BR 1Bth @833SF $2,200.00 102 1BR 1Bth @691SF $1,700.00 201 2BR 1Bth @839SF $2,200.00 202 1BR 1Bth @676SF $1,700.00 203 0BR 1Bth @426SF $1,400.00 204 1BR 1Bth @704 $1,700.00 205 2BR 1Bth @831SF $2,200.00 301 2BR 1Bth @839SF $2,200.00 302 1BR 1Bth @676SF $1,700.00 303 0BR 1Bth @426SF $1,400.00 304 1BR 1Bth @704SF $1,700.00 305 2BR 1Bth @831SF $2,200.00 401 3BR 2Bth @1721SF $3,000.00 402 3BR 2Bth @ 1748SF $3,000.00

Total SF & Rent 11,945 SF $28,300.00

Other Income

Parking 15 Stalls x $50/month $9,000.00 (Per Annum) Approx. Laundry Revenue $600.00 (Per Annum)

Gross Rent Per Annum $349,200.00 Operating Expenses + Insurance ($55,498.38) Property Tax ($16,300.00) Vacancy Rate (0.8%) ($2,716.80) Net Operating Income $274,684.82 NOI per month breakdown $22,890.40

Price at 3.25% Cap $8,451,840.62 Price at 3% Cap $9,156,160.67 Price at 2.75% Cap $9,988,538.91 Price at 2.5% Cap $10,987,392.80

Jess Kuang Cody Davis Personal Real Estate Corporation Real Estate Consultant Commercial Trading 778 883 7665 778 855 5851 [email protected] [email protected] Jovi Realty Inc. DEVELOPMENT 201-2010 E 48th Avenue, Vancouver BC V5P 1R8 OPPORTUNITY 604-202-2929

West 70th Avenue and Hudson Street

Address Lot Size

1296 West 70th Avenue 9,430 SF 8628 Hudson Street 5,750 SF 8,638 Hudson Street 5,400 SF Total Size 20,580 SF

Potential Buildable at 2.5 FSR 51,450 SF Common Area Efficiency 25% Gross Rentable Area 38,588 SF

Approx. Average Rent per SF Marpole $3.00+ Potential Monthly Gross Income $115,763 Operating Expenses Ratio 25% Potential Monthly Net Income $86,822

Other Income Approx. Parking Income 60 x $50/mo $3,000 Approx. Storage Income 25 x $25/mo $625 Gross Monthly Other Income $3,625

Projected Net Operating Income $1,085,364

Jess Kuang Cody Davis Personal Real Estate Corporation Real Estate Consultant Commercial Trading 778 883 7665 778 855 5851 [email protected] [email protected]