FRASER STREET

EAST

VCC-Clark Skytrain Station

CLARK DRIVE For Sale 748 East Broadway , BC

Partnership. Performance.

Opportunity to acquire a strategic asset along the Broadway Corridor at below-market land value

Mehdi Shokri, Principal Bal Atwal*, Principal 604.647.1355 604.647.5090 [email protected] [email protected] *Bal Atwal Personal Real Estate Corporation

Nestor Fourik, Associate Estelle Boon, Senior Analyst 604.646.8391 604.647.5071 [email protected] [email protected] N

PRINCE ALBERT STREET

EAST BROADWAY FRASER STREET Executive Summary

Civic Address 748 East Broadway, Vancouver, BC V5T 1X9 Opportunity Avison Young is pleased to present the opportunity to acquire 748 East PID Broadway (the “Property”), located mid-block on the south side of East 015-251-675 Broadway, between Fraser Street and Prince Albert Street.

Current Zoning The Property is currently improved with a three-storey building that was C-2C damaged by a fire in 2014, presenting a unique value-add restoration Allowable Density opportunity or redevelopment play in a growing neighbourhood. 3.00 FSR Heritage Designation Key Highlights C - Contextual/Character Located in a burgeoning neighbourhood along the Broadway Lot Size Corridor, with quick and convenient access to a host of 4,028 sf amenities Lot Dimensions 33 ft (width) x 122 ft (depth) Existing zoning allows for mixed-use developments and supports up to 3.00 FSR of density Potential Buildable Density 12,084 sf Exceptional value in pricing at ~$190 per buildable sf

Current Improvements Three-storey mixed-use heritage building

Year Built 1912

Property Taxes (2018) $9,810

BC Assessment Building $21,400 Land $2,656,000 Total Value $2,677,400

Sale Price $2,295,000 (~$190 per buildable sf)

Recently restored adjacent property to the east Development Potential 92 83 95

WALK SCORE TRANSIT SCORE BIKE SCORE »» Currently zoned C-2C, a mixed-use Walker’s Paradise Excellent Transit Very Bikeable Daily errands do Transit is convenient Mostly flat, excellent zoning with a maximum allowable not require a car for most trips bike lanes density of 3.00 FSR

»» Designated as Heritage C, which identifies the building as contributing to the historic character of the area EAST BROADWAY »» Existing building may be torn down while maintaining the heritage facade, with potential parking relaxations granted by the City FRASER STREET

»» Two buildings to the west and the adjacent building to the east are also designated as Heritage C, presenting the potential for an assembly in the future N

»» Adjacent building to the east has been recently restored, reflecting Source: Broadway East Revitalization Strategy the potential for the Property as a restoration project and long-term Ground Floors Heritage Approved Development hold Upper Floors Existing/ Character Great Northern Way VCC-CLARK

10 15 11 9 COMMERCIAL-BROADWAY 4 1 2 6 13 12 3 W Broadway 5 14 Kingsway Clark Dr Fraser St Commercial Dr E 12th Ave Main St Location Overview 8 The Property is located along Vancouver’s bustling Broadway Corridor, which stretches from Commercial Drive to UBC. Situated across from a 99 B-Line bus stop and within walking 7 distance to VCC-Clark SkyTrain Station, the Property enjoys quick and convenient access to a host of amenities and is only a 7-minute train ride to . The Mount Pleasant Community Plan has identified the area along Broadway (from Prince

Edward Street to Prince Albert Street) as part of a revitalizationKnight St strategy, which will attract EXPO LINE additional residents through new developments and evolve this area into a pedestrian- MILLENNIUM LINE BROADWAY EXTENSION focused neighborhood. The incoming Millennium Line Extension will further bolster growth.

Shop Eat Play Learn 1. Kims Mart 4. The Wallflower 9. Mt Pleasant Community Centre 13. Vancouver Community College 2. Mac’s 5. Sushi Loku 10. China Creek North Park 14. Queen Alexandra Elementary 3. Kingsgate Mall 6. Rooster’s Ice Cream Bar 11. Dude Chilling Park 15. Vancouver Public Library 7. Sal y Limon 12. Rio on Broadway 8. Osteria Savio Volpe

Partnership. Performance.

Avison Young #2900-1055 W. Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada

Mehdi Shokri, Principal Bal Atwal*, Principal avisonyoung.com 604.647.1355 604.647.5090 [email protected] [email protected] *Bal Atwal Personal Real Estate Corporation © 2018 Avison Young. All rights reserved.

Nestor Fourik, Associate Estelle Boon, Senior Analyst E. & O.E.: The information contained herein was obtained from sources that we 604.646.8391 604.647.5071 deem reliable and, while thought to be correct, is not guaranteed by Avison [email protected] [email protected] Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.