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Metrotown High-Rise Development Opportunity 6688 Willingdon Avenue, Burnaby, BC

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Metrotown High-Rise Development Opportunity 6688 Willingdon Avenue, Burnaby, BC Central Park Patterson Station Metropolis at Metrotown Metrotown Station Willingdon Avenue Beresford Street Imperial Street Metrotown High-Rise Development Opportunity 6688 Willingdon Avenue, Burnaby, BC Investment Highlights > Designated as RM4-s high-rise in draft Metrotown Official Community Plan > 45-suite apartment building > 125,140 buildable SF > 10 minute walk to Metrotown Skytrain Station > Good income to minimize holding costs > Close proximity to Metropolis at Metrotown CASEY WEEKS* DAN SCHULZ* 604 661 0811 778 999 5758 [email protected] [email protected] Opportunity Colliers is pleased to present this rare opportunity to purchase a well located redevelopment site with potential for short term holding income. The property sits on a 34,761 SF site and is currently improved with 45 apartment units. SALIENT FACTS Municipal Address: 6688 Willingdon Avenue, Burnaby, BC Located mid-block on Willingdon Avenue, between Imperial Street and Maywood Street. Location: The subject property is ideally located close to rapid transit, Metrotown amenities and Central Park. Current Zoning: RM3 (1.1 FSR plus 0.4 FSR Bonus Density) OCP Future Density: RM-4s (Total 3.6 FSR - 2.5 FSR plus 1.1 FSR Bonus Density)* Site Size: 34,761 SF (±207 ft. frontage x ±167 ft. depth) Total Buildable Area: 125,140 SF Improvements: Three (3) floor residential building Total Units: 45 Apartment Units NOI: $240,538 Assessed Value (2017): $11,294,200 *As noted in Draft Community Plan published in November 2016 by the City of Burnaby LOCATION HIGHLIGHTS Prospective Purchasers > Located “top of the hill” with the potential for unprecedented views of Central Park and Mount Baker to the south. Prospective purchasers are invited to submit Offers to Purchase the Property through Colliers > 10 minute walk to Metrotown Skytrain Station for consideration by the Vendor. The Vendor has > “Quiet” westside of Metrotown elected not to establish an asking price for the Property and interested parties are encouraged to > 10 minute walk to Metropolis at Metrotown and access to over 450 brand name stores and 3 office towers come to their own opinion of value. > Steps from Central Park After signing a Confidentiality Agreement (CA), qualified interested parties will be provided a Confidential Information Memorandum (“CIM”) which contains reports, maps and City of Burnaby zoning documents relevant to the Property. Please contact listing agents for pricing guidance. Bid Date Please note that offers will be reviewed on or after 4 pm, March 22, 2017. Burrard Inlet Inlet Hastings St Burnaby Mountain Pkwy Gilmore Ave Parker St Curtis St Burnwood Duthie Ave Boundary Rd Boundary Willingdon Ave Kensington Ave Holdom Ave Halifax St Brentwood Gaglardi Wy Town Centre Gilmore Ave Sperling Ave Gilmore Holdom Phillips Broadway Broadway Gaglardi Wy Grandview Highway Sperling/ 1 Burnaby Lake Trans Canada Highway Eastlake Dr Beaverbrook Lake City Way North Rd North Canada Wy Douglas Rd 7 Production Way/ University Lougheed Highway Trans Canada Highway Gilmore Ave Gilmore Sprott Willingdon Ave Kincaid St Austin Ave Lougheed Town Centre Government 1 Kensington Canada Wy Moscrop St Burnaby Lake Deer Lake 1 Cariboo Deer Lake Deer Lake Columbia Park Burns Grange St Canada Wy Royal Oak Patterson Kingsway Oakland 16th Ave 10th Ave Metrotown Imperial St 2nd St Nelson Ave Nelson Sixth St Sperling Imperial St Imperial St McBride Blvd Edmonds St Royal Oak Kingsway 6th Ave 8th Ave Kingsway Patterson Ave Patterson 10th Ave Rumble St Griths Gilley Ave Gilley Edmonds 12th St Marine Dr 6th Ave 8th Ave Contact Us SITE PLAN Southridge Marine Wy Byrne Rd CASEY WEEKS* 604 66122nd Street 0811 [email protected] DAN SCHULZ* 778 999 5758 [email protected] This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the ±167 FT information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. ±207 FT COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com.
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