For Sale High Exposure Retail Corner at the Corner of Victoria Drive and East 41St Avenue 5705 Victoria Drive & 1944 East 41St Avenue

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For Sale High Exposure Retail Corner at the Corner of Victoria Drive and East 41st Avenue 5705 Victoria Drive & 1944 East 41st Avenue

SIMON LIM JAMES LANG JESSICA HATHAWAY Personal Real Estate Corporation 604 661 0882 604 661 0868 604 694 7227 [email protected] [email protected] [email protected] Opportunity to acquire an extremely rare bank-tenanted investment property

Victoria Drive

Kingsway

East 41st Avenue Opportunity to acquire an LOCATION The Property comprises the southwest corner of Victoria Drive and East 41st Avenue extremely rare bank-tenanted in the Victoria-Fraserview neighbourhood of Vancouver, British Columbia. Both Victoria Drive and East 41st Avenue are characterized as a major thoroughfares as investment property the central commercial spine of this district. This up-and-coming neighbourhood offers ethnically diverse and family-owned businesses which attracts many locals to this area.

SALIENT FACTS INVESTMENT HIGHLIGHTS Civic Address: 5705 Victoria Drive & 1944 East 41st Avenue, Vancouver, BC

Lot A District Lot 718 Plan 8451 & Lot 39, Except Part in Explanatory Plan 6335 North 1/2 >> High exposure retail corner location Legal Address: Of District Lot 718 Plan 6305 PIDs: 010-118-128 & 010-928-669 in the up-and-coming East Vancouver area and situated at the heart of the 5705 Victoria Drive: 4488.39 SF Victoria Drive commercial corridor Site Area: 1944 East 41st Avenue: 4305.21 SF Total: 8,793.60 SF >> Tenanted by CIBC, an investment- grade national bank tenant at the 5705 Victoria Drive: C-2 Commercial Zoning: commencement of a 10-year lease 1944 East 41st Avenue: RS-1 One Family Dwelling with options to renew Improvements: The Property is improved with a 8,793.60 SF bank building constructed circa the 1980s >> Stable long-term rent structure with built-in increases Parking: 14 surface parking stalls in addition to available street parking >> Well-maintained building provides NOI (2018): $114,291 long-term value, investment security Land: $2,555,000 and low maintenance Assessment Improvement: $12,300 (Combined, 2017): >> Ample surface parking on additional Total: $2,567,300 lot ensures strong customer appeal Asking Price: Please contact listing brokers >> Additional lot provides for long-term redevelopment potential given its location at the intersection of two main thoroughfares Buntzen Lake Capilano Lake

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