Langara Estates One

The Opportunity of a Lifetime Langara Estates One

Presenting a truly unique, once in a lifetime opportunity to build an iconic master-planned community in one of Vancouver’s most desirable and prominent neighbourhoods. Langara Estates One sits on a sizable 5.63 acre site and offers prospective purchasers the opportunity to build a mix of new multi-family buildings of varying heights on the edge of Langara Golf Course. This ideal location will provide world-class unobstructed views and a quiet residential feel rarely found within large-scale residential developments, with excellent potential to capture new condo pricing commensurate with this prestigious West Side offering.

Vancouver’s West Side is changing. With the adoption of the Cambie Corridor Plan in May 2018, the area is transforming with expanding transit options, greater amenities, and incredible large-scale developments; most notably, the new Oakridge Centre, currently the largest development project in Vancouver. Just a few blocks south of Langara Estates One are two other large-scale redevelopments: Cambie Gardens, a mixed-use development to include residential, retail, and a host of community programs and supportive health services; and Langara Gardens, a new master-planned residential development consisting of high-rise towers, mid-rise apartments, and townhomes. Langara Estates One would be one of many new exciting redevelopments in a neighbourhood that’s revolutionizing urbanism.

Residents currently living in the area are surrounded by a tremendous cross-section of amenities, beautiful parks, plentiful recreational opportunities, and convenient access to rapid transit with the Canada Line SkyTrain running underground along Cambie Street, providing residents with easy access to Downtown Vancouver, Vancouver International Airport (YVR), and connections to other areas of Metro Vancouver. As the corridor develops, a new Canada Line station is proposed for West 57th Avenue and Cambie Street.

Langara Estates One is much more than another development parcel. It’s an opportunity to create an inspirational residential community, akin to other significant developments nearby. It’s a site unlike any other in a highly sought-after location, in a market that is greatly supporting new development.

Be part of history and bring this exciting opportunity to life!

Renderings are for visualization purposes only and are not intended to communicate development plans. The Offering

On behalf of the owners of the Strata Corporation VR478 (collectively the “Vendor”), CBRE Limited (CBRE) (the “Agent”) is pleased to offer for sale Langara Estates One (the “Property”).

Covering a large 245,080 Sq. Ft. Site (approximately), existing improvements include 11 buildings comprised of 42 stratified units. The site is well located in the heart of Vancouver’s prominent West Side neighbourhood, immediately adjacent to Langara Golf Oakridge-41st Ave Course and within walking distance to the Canada Line SkyTrain. Oakridge Centre The site is well-positioned within a neighbourhood that is experiencing tremendous growth and development, making it the ideal location to build a prestigious master-planned community.

The Offering Process Tisdale Park W 49TH AVENUE The Vendor is a strata corporation. Any offers to purchase all CAMBIE STREET 42 strata lots and common property comprising Strata Plan VR478 is subject to the provisions of the Strata Property Act. All prospective purchasers will be advised of an offer submission date Langara-49th Avenue after an initial marketing period.

Submission Guidelines

The Vendor has adopted an unpriced, modified bid process. Interested parties are invited to submit an offer in the form of a Letter of Intent (which will be provided upon request) that YMCA addresses the requirements below:

1. Purchase Price and confirmation of the deposits payable for the Property; 2. Name of the prospective Purchaser(s) and contact information; 3. Terms and conditions of closing; 4. Schedule of timing and events to complete Closing; and 5. Confirmation that the Property is being purchased on an “as-is” basis. Langara College

Langara Golf Course Bid Process

To be announced following the full marketing process. Centrally Located in Vancouver’s Highly Desirable West Side LANGARA ESTATESWorld-Class ONE Amenities Within Walking Distance

VANCOUVER | BC T

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Estates One provides a truly exceptional opportunity to N

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MEMORIAL T ARBUTUS RIDGE QUILCHENA CEDAR COTTAGE Deemed as one of the city’s most desirable locations, the U

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SHAUGHNESSY C PARK I 13 14 V visionary master-planned community on an incredible site 27 Oakridge Centre

CAMBIE ST WEST 41 AVE 100+ Shops, Services OAKRIDGE 41ST AVENUE with significant revenue potential from new condo sales. SOUTHWEST MARINE DR BLVD & Food Vendors T 20 5 OAKRIDGE EAST 41 AVE SHAUGHNESSY GOLF 24 T

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N LANGARA GOLF COURSE LOOKING SOUTH POINT GREY GOLF OAKRIDGE K & COUNTRY CLUB Langara NANAIMO LANGARA-49TH AVENUE PARK WEST 49 AVE ST T College KERRISDALE OAK 16 EAST 49 AVE 15 25 GORDON

GRANVILLE ST LANGARA PARK GOLF COURSE Live Connected MCCLEERY SUNSET DRIVING RANGE 6 26 DR LE GY AR SOUTH VANCOUVER IONA BEACH 21

REGIONAL PARK OAK PARK CANADA LINE WINONA With the Canada Line just steps from the property, the entire T

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RIVERVIEW MARPOLE G Vancouver area is within reach of those living at Langara R PARK A FRASERVIEW Estates One. Residents can travel to Downtown Vancouver SOUTHEAST MARINE DR GOLF COURSE T 22 in approximately 10 minutes and YVR airport in under 12 WEST 70 AVE MARINE DRIVE 4 minutes without ever changing trains, or can travel via the FRASER RIVER PARK Marine Gateway 3 8 9 T

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Canada Line to Waterfront Station in Vancouver for access to G 10 17 23 Services I

ST N even more transit options including: the Expo Line Skytrain, K VANCOUVER INTERNATIONAL AIRPORT Location Demographics the West Coast Express, and the Seabus, making it incredibly TEMPLETON ° T simple to quickly and efficiently travel across Metro Vancouver. YVR - AIRPORT T 0 0.4 0.8 1.2 1.6 HIGHWAY T GR ANT MCCONACHIE WAY BRIDGEPORT The property’s location on the edge of West 49th Avenue also Kilometers SEA ISL

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SEA ISLAND CENTRE N provides direct access to the University of British Columbia in 117,833 $109,527 $123,824 6 just a 25 minute bus ride, or a short 15 minute drive. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verifyEstimated the Information prior to placing any reliance upon the Information.Avg. The InformationHousehold may change and any property described in theAvg. Information Household STEPS FROM THE CANADA LINE SKYTRAIN may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canada Location Intelligence [email protected];Elementary DMTI Spatial, Environics Schools Analytics, Microsoft Bing, Google Earth Middle & Secondary Schools Population (2018) Income (2018) Income (2023)

Within 3 km of the property

Grocery & Conveniences Entertainment & Recreation Restaurants & Cafes Everything At Your Fingertips

Residents are attracted to vibrant neighbourhoods full of 1 Safeway 10 Cineplex Cinemas & VIP 19 Seasons in the Park amenities, parks, and recreation, and Vancouver’s distinguished 2 Kin’s Farm Market 11 VanDusen Botanical Garden 20 Modern City Chinese Restaurant Westside provides just that. Langara College and the YMCA 3 T&T Supermarket 12 Hillcrest Aquatic Centre 21 Senova are both a short walk from the property, along with Oakridge 4 Real Canadian Superstore 13 Queen Elizabeth Park Tennis Courts 22 Pink Elephant Thai Centre, one of Vancouver’s most upscale shopping destinations with over 100+ shops and services. This neighbourhood 5 Save-On-Foods 14 Queen Elizabeth Park Disc Golf Course 23 Dublin Crossing Irish Pub is also home to some of Vancouver’s most popular parks & 6 Choices Market 15 Langara Golf Course 24 Kyuzo Japanese Restaurant recreation facilities, including Queen Elizabeth Park, Nat 7 BMO, RBC & Scotia Bank 16 YMCA - Langara 25 Starbucks Bailey Stadium, Hillcrest Aquatic Centre, and the VanDusen Botanical Garden, all of which can be easily accessed via the 8 Shoppers Drug Mart 17 Steve Nash Fitness World 26 Bean Around the World Canada Line SkyTrain within minutes. 9 Winners 18 Vancouver Lawn Tennis Club 27 Rocanini Coffee Roasters CONVENIENTLY LOCATED NEAR OAKRIDGE CENTRE Property Summary Property Profile

The offering provides an unprecedented opportunity to acquire a large-scale, world-class Property 302 - 450 Greensboro Place Current CD-1 (103) redevelopment site in the heart of Vancouver’s prestigious West Side. The property is Addresses 6601 - 6633 Turnberry Crescent Zoning 0.75x FSR Density 320 - 340 Wethersfield Drive currently improved with 42 duplex-style townhomes on a sprawling 5.63 acres, bordered by Vancouver, BC Langara Golf Course and Cambie Street. The Langara/49th Avenue Canada Line Station is just a stone’s throw away from this exceptional location, offering convenient access to both Year OCP Land Use Not Specified 1979 Downtown Vancouver and Vancouver International Airport. Built Designation (Cambie Corridor Plan)

Current OCP Since the Canada Line opened in 2009, the Cambie Corridor has seen rapid growth along 11 Buildings the entire rapid transit system. Most notably is Oakridge Centre, now under an extensive Improvements 42 Stratified Townhouse Units Density Not Specified redevelopment to provide state-of-the-art housing and retail options to the surrounding neighborhood and located only one Canada Line stop from Langara Estates One. Site 5.63 Acres* Potential Estimated 686,224 - 735,240 Sq. Ft. Size 245,080 Sq. Ft.* Buildable Area** (2.80x - 3.00x FSR)

Existing List 80,738 Sq. Ft. Bid Process Building Area Price Cambie Corridor Plan & Re-Zoning *All measurements are approximate & subject to verification by the Purchaser **Based on conceptual massing study

The Cambie Corridor Plan guides the redevelopment of properties within the Plan’s boundaries. Langara Estates One is included in the Cambie Corridor Plan boundaries with an open designation with respect to achievable density and other housing policies that would apply to a rezoning of the property. There are other stand-alone and undesignated sites within the Cambie Corridor Plan boundaries and located in the immediate vicinity that present reasonable precedents for the redevelopment of the Langara Estates One.

The Cambie Corridor Plan further states that sites not specifically designated may be considered for rezoning. Rezoning applications for these particular sites, including Langara Estates One, would be considered in the context of all policies and goals of the plan including sites over 1.98 acres in size, subject to the City’s Rezoning Policy for Sustainable Large Developments.

An architectural massing study for the potential density and housing components for a rezoning of the property is available to prospective purchasers. Prospective Purchasers should discuss and confirm all development assumptions with the City of Vancouver Planning Department. The architectural massing study is for visualization purposes only and is not intended to communicate development plans.

LANGARA ESTATES ONE LOOKING SOUTHEAST The Cambie Corridor will join the downtown peninsula and the Broadway Corridor as strategic areas of urbanism within our city. Emphasizing low and mid-rise building forms with taller buildings at locations such as Marine Drive and Oakridge, this Plan introduces a new form of urbanism for the City of Vancouver.

Renderings are for visualization purposes only and are not intended to communicate development plans. Create An Iconic Development In The Heart of Vancouver

www.cbrevancouver.com/LangaraEstatesOne

LANCE COULSON MITCH CRAMP Personal Real Estate Corporation Vice President Executive Vice President Strata Wind-up & Property Sales Strata Wind-up & Property Sales CBRE Limited, Capital Markets CBRE Limited, Capital Markets STRATA WIND-UP & 604 662 5141 778 372 1943 PROPERTY SALES [email protected] [email protected]

CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC | V6E 0C3

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.