St. Johns Street St. George Street
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Inlet Centre Station Port Moody City Centre Moody Centre Station St. Johns Street Clarke Road Barnet Highway West Coast Express FOR SALE Evergreen SkyTrain Line 2003-2009 2002-2014 St. Johns Street St. George Street PORT MOODY, BC Prime opportunity to acquire a medium-density development site at the entrance to Port Moody Michael Buchan*, Principal Carey Buntain, Vice President 604.647.5079 604.647.1352 [email protected] [email protected] *Michael Buchan Personal Real Estate Corporation Robert Gritten, Principal Mitchell Knoepfel, Associate 604.647.5063 604.757.4942 [email protected] [email protected] EXECUTIVE SUMMARY OPPORTUNITY Avison Young is pleased to present the opportunity to acquire MUNICIPAL ADDRESSES a landmark corner mixed-use (residential with commercial 2003 St. Johns Street permitted at grade) development site in a rapidly developing 2005 St. Johns Street area of Port Moody: 2003 – 2009 St. Johns Street, 2002 – 2014 2009 St. Johns Street St. George Street (the “Property”). Located at the western 2002 St. George Street entrance to the St. Johns Street corridor, the Property presents 2006 St. George Street a prime opportunity to create an iconic development at the 2010 St. George Street gateway to Port Moody’s commercial center. The Vendor has 2014 St. George Street completed extensive up-front development site preparation including pre-application submission and feedback and most PIDS recently the formal Rezoning Application. This will benefit 011-459-417, 011-459-492, 011-459-450, 011-459-395, the developer by optimizing the due diligence process and 011-459-433, 001-739-255, shortening the development timeline to complete a project. 002-088-967 SITE AREA 62,907 sf (1.44 acres) LOCATION * Includes closure of St. Andrews Street OCP DESIGNATION The Property is located in the Evergreen Line sub area of Mixed Use – Moody Centre Westport and is designated as Mixed Use – Moody Centre. Port Moody’s Official Community Plan permits a 6-storey MAXIMUM HEIGHT development on the site, allowing for an extensive development 6-storeys on this 62,907 sf property. This location is in an ideal spot for getting around the Lower Mainland. From this corner, Clarke ASSESSED VALUE (2019) Road leads into Burquitlam and the Trans-Canada Highway, $15,555,000 the Barnet Highway leads west into northern Burnaby and Vancouver and east through the Tri-Cities to the Pitt River PROPERTY TAXES (2018) Bridge and beyond. Port Moody has become one of the fastest- $45,765.81 growing suburbs due to its interconnectedness with transit and ASKING PRICE highways as well as its picturesque location. The city of Port $18,888,000 Moody continues to move forward with residential development ($120 per buildable sf on projected FSR(2.5)) and infrastructure projects. Source: Vancouver Magazine PROPERTY HIGHLIGHTS Rare opportunity to acquire a large scale Substantial frontage on St. Johns Street and development site at the gateway to Port Moody Clarke Road Potential for 155 units* Strategically placed with direct access to major thoroughfares Holding income in place Property held in Bare Trust Outstanding views to the north of Burrard Inlet Maps MAP 1: OVERALL LAND USE PLAN USE LAND OVERALL 1: MAP and the Coast Mountains N OFFICIAL *Based on preliminary drawings available upon execution of a Confidentiality Agreement Stream / Creek COMMUNITY PLAN Culvert OVERALL LAND USE PLAN Ditch SASAMAT MAP 1 Other Water Features DEVELOPMENT POTENTIALLAKE NOTE: The stream/creek, culverts, ditches, and other water features shown on this CITYmap shall beOF used only PORT as a guideline. MOODY’S OFFICIAL COMMUNITY PLAN MIXED-USE B– E LMOODY C A R R A CENTRE The site is designated as “Mixed Use – Moody Centre” under the City of Port Moody’sA N M O ROfficial E Community Plan (OCP) which was adopted by City Council in 2014. There is an opportunity to build a 6-storey, mixed-use development with residential and commercial uses under this land use designation. Residential uses are permitted in conjunction with commercial uses, with commercial uses being limited to the St. Johns Street frontage. C O Q U I T L A M B U R R A R D I N L E T Single Family Low Density Parks and Open Space High-Rise Residential Public and Institutional B U R N A Y Multi-Family Residential Industrial Business City of Port Moody Official Community Plan Bylaw No. 2955 No. City of Port Moody Community Bylaw Official Plan Mixed Use - Inlet Centre General Industrial Mixed Use - Moody Centre Neighbourhood Commercial Mixed Use - Marina Special Study Area Moody Centre Transit Oriented Development Municipal Boundary Mixed Employment Source: Google The City of Port Moody makes no representation or warranty expressed or implied with respect to the accuracy, completeness or appropriateness of the information contained hereon. C O Q U I T L A M Produced by Engineering & Parks Plot Date: 3-Apr-2018 101 PORT MOODY RESIDENTIAL DEVELOPMENT PROJECTS AVERAGE ADDRESS DEVELOPER PRODUCT TYPE PROJECT STATUS PRICE PSF 50 Electronic Avenue, Port Moody Panatch Group 6-storey, wood-frame Actively Selling $760 George Marcon 6-storey, wood-frame Actively Selling $755 3010 St. George Street, Port Moody *Source: NHS Live AMENITIES Subject Properties 1 Suter Brook Village 2 Taps & Tacos 3 Brewery Row 4 Port Moody Secondary School 5 Moody Elementary 30 Downtown Vancouver 9 Coquitlam Centre mins mins 8 Lougheed Town Centre 4 Moody Centre Station mins mins Downtown Vancouver via transit YVR Airport (25 minutes via West Coast Express, DRIVE TIMES 40 25-41 mins mins 41 minutes via SkyTrain) Partnership. Performance. Michael Buchan*, Principal Carey Buntain, Vice President 604.647.5079 604.647.1352 [email protected] [email protected] *Michael Buchan Personal Real Estate Corporation avisonyoung.com Robert Gritten, Principal Mitchell Knoepfel, Associate © 2019 Avison Young. All rights reserved. 604.647.5063 604.757.4942 E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by [email protected] [email protected] Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young..