For Sale 5431 – 5551 MINORU BOULEVARD Richmond, BC
Exclusive opportunity to acquire a 1.18-acre development site with strong holding income, in Richmond City Centre’s Lansdowne Village
Bal Atwal*, Principal Ryan Kerr*, Principal Bill Elliott, Executive Vice President 604.647.5090 604.647.5094 604.647.5062 [email protected] [email protected] [email protected] *Bal Atwal Personal Real Estate Corporation *Ryan Kerr Personal Real Estate Corporation
Mehdi Shokri, Principal Garth White*, Principal, SIOR 604.647.1355 604.757.4960 [email protected] [email protected] *Garth White Personal Real Estate Corporation 5431 – 5551 Minoru Boulevard Richmond, BC
Property Overview
PID City of Richmond 001-766-091 Lansdowne Canada Line Station. 6 minute walk from Subject Property
Bylaw 10020 SITE SIZE Key Features SpecificOCP Map Land Use Map: Lansdowne Village (2031) 2019/05/21 51,342 sf (1.179 acres) Excellent exposure on Minoru Boulevard Dinsmore LAND USE DESIGNATION Bridge Urban Centre T5 (25 M) Convenient access to Lansdowne Canada Line SkyTrain Station
ALLOWABLE DENSITY Middle Arm Fraser River
NO. 3 RD 2.0 FSR (102,684 sf) Close to a host of amenities along No. 3 Road ALDERBRIDGE WAY
Dinsmore Subject Strong holding income in place Bridge 3 2 BUILDING SIZE Property 4 Warehouse: 30,070 sf Mezzanine: 4,319 sf Well-suited for wood-frame residential 5 Middle Arm Fraser River
development NO. 3 RD Total: 34,389 sf GARDEN CITY RD ALDERBRIDGE WAY 3 2P NET OPERATING INCOME 4 $454,981.13 Opportunity 5
GARDEN CITY RD 2020 PROPERTY TAXES Avison Young is pleased to present the opportunity to P $103,476.70 purchase a freestanding, multi-tenant industrial building located on the west side of Minoru Boulevard, GILBERT RD between Lansdowne Road & Alderbridge Way, in Richmond ENVIRONMENTAL City Centre’s Lansdowne Village neighborhood. The GILBERT RD Clean Phase 1 ESA dated August 2020 property offers strong holding income and tremendous WESTMINSTER HWY development potential. The OCP allows for a density of up WESTMINSTER HWY FINANCING to 2.0 FSR with allowable heights up to 25 metres, making this site an ideal candidate for wood-frame development General Urban T4 (15m) Pedestrian Linkages Pedestrian-Oriented050 100 200 Retail 300 400 Park - Configuration & location to Treat as Clear Title 050Precincts-Secondary 100 200 300 400 Retail Streets Metersbe determined – an attractive product to build given lower cost of Urban Centre T5 (35m) Waterfront Dyke Trail & Linkages Meters Location where site specific construction and more affordable price points for end Urban Centre T5 (25m) Enhanced Pedestrian & Canada Line Station maximum building heights Cyclist Crossing apply: PRICE & OFFERING PROCESS units, in comparison to concrete development. This is a Urban Centre T6 (45m) Non-Motorized BoatingTransit Plaza General Urban T4 (15m) Proposed Streets P Proposed Streets Non-Motorized Boating & Non-Motorized& Recreation Water Boating Area 2 (43m) Please contact listing agents for great investment property for a developer or investor. General Urban T4 (15m) Village Centre: Proposed Streets RecreationUrban Water Centre Area T5 (35m) Pedestrian-Oriented Retail No. 3 Road & Pedestrian-Oriented 3 (39.5m) details Precincts-High &Street VillageRecreation & Linkages Centre Bonus Water Area Retail Precincts-High Street Village Centre Bonus Lansdowne Road Intersection Urban Centre T5 (35m) & Linkages Pedestrian-Oriented4 (Varies from 31m to 33m) InstitutionUrban Centre T5 (25m) VillageInstitution Centre BonusPark Pedestrian-OrientedRetail 5 Precincts-High(Varies from 32m to 35m) Street Urban Core T6 (45m) Retail Precincts-Secondary& Linkages Urban Centre T5 (25m) InstitutionPedestrian Linkages Retail Streets & Linkages Location where site specific Canada Line Pedestrian-OrientedStation Urban Coremaximum T6 (45m)building heights apply: Waterfront Dyke Trail Retail Precincts-Secondary Pedestrian Linkages Retail Streets & Linkages 2 (43m) Enhanced Pedestrian P Transit Plaza 80 80 85Location where site specific & Cyclist Crossing 3 (39.5m) Canada Line Station maximum building heights apply: Waterfront Dyke Trail Village Centre: No. 3 Road & 4 (Varies from 31m to 33m) 2 (43m) Lansdowne Road Enhanced Pedestrian IntersectionP Transit Plaza 5 (Varies from 32m to 35m) & Cyclist Crossing (39.5m) 3 Park Village Centre: No. 3 Road & (Varies from 31mPark -to Configuration 33m) & 4 location to be determined Lansdowne Road Intersection Bylaw 10020 Maximum building height may be subject to established Airport Zoning Regulations in certain areas. 5 2019/05/21(Varies from 32m to 35m)
Park Original Adoption: June 19, 1995 / Plan Adoption: September 14, 2009 City Centre Area Plan M-14
Park - Configuration & location to be determined • Silvercity Riverport YVR AIRPORT Entertainment Complex • Richmond Ice Centre
o 2 Road
DYKE TRAIL
HARBOUR AIR ATMOSPHERE BY SOUTH STREET 100 + RESTAURANTS DEVELOPMENT GROUP RIVA BY ONNI der ridge ay GROUP
Lansdowne LANSDOWNE CENTRE SkyTrain Station 130 + STORES & SERVICES • Homesense • ICBC • Best Buy • T & T Market RICHMOND TEMPO BY • Winners OLYMPIC OVAL AMACON
• National Bank
• Trinity Western University arden ity Road SUBJECT • City Centre Community Centre PROPERTY • London Drugs • Waves Coffee • Chapters • Starbucks • Staples • Canada Post estminster ighway
NEW WESTMINSTER 15 MINUTES RICHMOND Richmond-Brighouse GENERAL HOSPITAL SkyTrain Station CF RICHMOND CENTRE Very 200 + STORES AND SERVICES Walkable 80 • Hudson’s Bay • Apple • CIBC Excellent • TELUS • Cactus Club Transit • Starbucks
80 o 2 Road o 3 Road • Kins Market i ert Road • Cobb’s Bread Very 85 Bikable ran i e enue
Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre, Vancouver, BC V6E 3P3, Canada
Bal Atwal*, Principal Ryan Kerr*, Principal 604.647.5090 604.647.5094 [email protected] [email protected] *Bal Atwal Personal Real Estate Corporation *Ryan Kerr Personal Real Estate Corporation
Mehdi Shokri, Principal Garth White*, Principal, SIOR 604.647.1355 604.757.4960 avisonyoung.com [email protected] [email protected] *Garth White Personal Real Estate Corporation © 2020 Avison Young. All rights reserved. E. & O.E.: The information contained herein was Bill Elliott, Executive Vice President obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by 604.647.5062 Avison Young Commercial Real Estate (B.C.) Inc.; DBA, [email protected] Avison Young.