Partnership. Performance.

For Sale Avison Young is pleased to present this rare 2135-2141 opportunity to acquire a retail investment West 41st avenue property in the heart of Kerrisdale. vancouver, BC

Michael Buchan*, Vice-President Justin Omichinski*, Vice-President 604.647.5079 604.646.8387 [email protected] [email protected] * Michael Buchan Personal Real Estate Corporation *Justin Omichinski Personal Real Estate Corporation Nabila Lalani, Associate 604.647.1342 [email protected] West 41st Avenue 2135-2141 Vancouver, BC

Property Details Opportunity Avison Young is pleased to present a rare and exciting opportunity to Legal Address acquire a 4,000 square foot retail investment property in the heart of 2135 West 41st Avenue, Vancouver, B.C. Kerrisdale. The Property consists of two (2) retail units, currently occupied by Buchan’s Kerrisdale Stationary, a longstanding tenant in the Kerrisdale PID community, and The Perfect Gift/Martin Smith Jewellers. The Property is 012-736-899 one of few opportunities that arise to acquire commercial property in the prime West 41st Avenue corridor of Kerrisdale. Legal Description PL VAP3564 LT 13 BLK 6 DL 526 LD 36

Building Size Property 4,000 square feet ✓✓ Clean Phase 1 environmental report (2017) ✓ Premier Kerrisdale address and on the north side of West 41st Avenue Site Size ✓ 0.12 Acres (5,200 sf) ✓✓ Fully leased investment property ✓ New roof was installed July 2008 Parking ✓ Rear surface parking with five (5) stalls ✓✓ Value-add opportunity ✓ Potential to assemble for future redevelopment Zoning ✓ C-2 (Commercial) providing for a wide range of commercial uses serving both local and city wide needs.

Property Taxes $71,010.79 (2016 tax assessment)

Assessed Value (2017) $7,038,100

Sale Price $8,200,000

Projected Net Operating Income (2017) $220,000

Title Free & Clear

Buchan’s Martin Kerrisdale Smith Stationary Jewellers Unit 2,668 sf 1,333 sf Size Lease June 2021 July 2017 Expiry Point Grey Secondary

Dairy Queen/Orange Julius Starbucks Town Shoes Sleep Country

Shoppers Drug Mart Menchie’s ScotiaBank Purdy’s Jinya Ramen McDonald’s BCAA Tim Hortons Subject Property

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Kerrisdale Optical CIBC Kerrisdale Cameras Caffe Artigiano London Drugs LifeLabs

PLANNED DESIGN: Location MATERIALS & LAYOUT The Property is located mid-block on the north side of West st 41 Avenue, close to the corner of West Boulevard and West GRANVILLE ISLAND 41st Avenue and considered to be in the epicenter of Kerrisdale. 4th Ave FIR STREET TO WEST BROADWAY Kerrisdale is a sought after neighbourhood on Vancouver’s KITSILANO A

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b r west by Blenheim Street. A • 0.5-1.5 m separation between paths* ARBUTUS RIDGE The Property is located in the heart of Kerrisdale known as “The WEST BROADWAY A TO WEST 16TH AVENUE Village”, the main shopping district and a landmark clock at West King Edward Ave • 5m asphalt path separated st Boulevard and West 41 Avenue marks this intersection as the into a 2.5m cycling area and SHAUGHNESSY a 2.5m walking area central hub of the neighbourhood. QUILCHENA

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The Arbutus Greenway is a future, north-south transportation Subject Property s KERRISDALE

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SW MARINE WEST 33RD AVENUE In March 2016, the City purchased the lands known as the SOUTH GRANVILLE C TO WEST 41ST AVENUE “Arbutus Corridor” from Canadian Pacific Railway (CP) for the West Blvd WELCOME! 57th Ave • 5m asphalt path separated purpose of creating a transportation greenway. into a 2.5m cycling area and SW Marine Dr a 2.5m walking area The future Arbutus Greenway will encourage people to travel by foot and bike, and ultimately streetcar, and improve access to WEST 41ST AVENUE MARPOLE TO MILTON STREET public green space. • 2.5m asphalt path for walking • 2.5m asphalt path for cycling LEGEND • 0.5m-1m separation between paths* SW Marine Dr Arbutus Greenway

* Separation widths are “typical” and may be reduced or increased based on local conditions. Source: City of Vancouver; Arbutus Greenway vancouver.ca/arbutus-greenway #arbutusgreenway

In March, the City of Vancouver purchased the lands known as the Arbutus Corridor from Canadian Pacific Railway for the purpose of creating a transportation corridor from False Creek to the Fraser River. In the short term, the City of Vancouver is building a temporary path. Our goal is to complete it later this year.

WHY A TEMPORARY PATHWAY?

IMPROVES SAFETY for all corridor users IMPROVES ACCESSIBILITY for people of all ages and abilities ENCOURAGES PEOPLE to explore and enjoy the corridor COMMUNITY INPUT HELPED SHAPE THE DESIGN

Based on feedback from corridor users, the City looked at several different types of hard-surface materials for the remainder of the temporary path. Since we purchased the corridor, we’ve heard from hundreds of people:

567 350 4 EMAILS, LETTERS PEOPLE AT FIVE CITY and 3-1-1 CALLS WORKSHOPS ADVISORY (March 11-October 5, 2016) (September 17-24, 2016) COMMITTEES

We took all input into account in designing the temporary path and tried to balance different needs and opinions.

vancouver.ca/arbutus-greenway #arbutusgreenway Downtown Vancouver

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Partnership. Performance.

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

avisonyoung.com Michael Buchan*, Vice-President Justin Omichinski*, Vice-President 604.647.5079 604.646.8387 [email protected] [email protected] * Michael Buchan Personal Real Estate Corporation *Justin Omichinski Personal Real Estate Corporation © 2017 Avison Young. All rights reserved.

Nabila Lalani, Associate E. & O.E.: The information contained herein was obtained from 604.647.1342 sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real [email protected] Estate (B.C.) Inc.; DBA, Avison Young.