NEW PRICE

FOR SALE OAKLEAF APARTMENTS 8755 Oak Street, Vancouver, BC

Opportunity to acquire a 15-unit rental apartment building with significant upside in rental revenue

Carey Buntain, Vice President Rob Greer*, Principal 604.647.1352 604.647.5084 [email protected] [email protected] *Robert Greer Personal Real Estate Corporation

Chris Wieser, Principal Winnie Ng, Senior Analyst 604.647.5089 604.647.5065 [email protected] [email protected] EXECUTIVE SUMMARY

Municipal Address 8755 Oak Street

Parcel 013-954-814; 013-954-822 Identifications

Lots 27 & 28 Except Part in Reference Plan 15401 and the East 7 Feet, Now Legal Description Highways of Lots 13 & 16 Blocks 1 to 6 and 12 of Block C District Lots 319, 323 & 324 Plan 2238.

Zoning RM-3A OPPORTUNITY Year Built 1959 Avison Young is pleased to present the opportunity to acquire Site Dimensions 74’ x 115.6’ (approximate) 100% freehold interest in a value-add, multi-family, rental Site Size 8,567 sf apartment building with development potential as per the Marpole OCP. Neighbourhood Marpole (2014) Community Plan INVESTMENT Land Use Designation Apartment (up to 6 storeys) HIGHLIGHTS Potential Density 2.50 FSR 99 Secure cash flow with tremendous rental upside Gross Buildable Area 21,425 sf 99 Potential for a 2.50 FSR, 6-storey development under the Marople OCP Studios 4 One-Bedrooms 10 99 Strategically located near Marine Drive Station, providing direct Suite Mix access to Downtown Vancouver and YVR Two-Bedrooms 1

Total 15

Description 3-storey, wood-frame walk-up

Property Taxes (2018) $10,533

Parking Stalls 7 stalls

Financing Clear Title

Stabilized Net $100,387 Operating Income

Asking Price $4,500,000

Price per Door $300,000

Capitalization Rate 2.23%

Price per Buildable $210 Square Foot Opportunity to acquire 100% freehold

interest in a value-add, multi-family,

rental apartment building with

development upside

LOCATION

99 Subject Property is well situated just blocks from main arterials: SW Marine Drive, Granville Street and Arthur Laing Bridge

99 Quick access to Marine Drive Station for commuters travelling Downtown or to YVR Airport

99 Future addition of new services to the Marpole region include: 478 new childcare spaces, 10-acre waterfront park, improved cycling routes and upgrades to the library/community centre*

99 Vibrant residential community with future projected economic and employment growth

*Source: http://vancouver.ca/home-property-development/marpole-infographic.aspx t W 48th Ave E 47th Ave

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13 r W 72nd Ave 2 12 W ent Ave N G Oak St 9 11. Cineplex Cinemas Marine 1 3 Gateway & VIP 5 Twigg Pl 12. Marpole Curling Club SW Marine Dr Mitchell Island 13. Vancouver Fit Body Boot Camp 14. Pure Nail Bar 15. The Landing Dance Centre Grauer Rd North Arm Fraser River River Dr River Rd Templeton Station Rd Gilmore Cres

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B Box 11109 Royal Centre Airport Rd Garden City Rd Douglas Cres Russ Baker Way Vancouver, BC V6E 3P3, Canada Mellis Dr River Rd No 3 Rd Carey Buntain, Vice President Rob Greer*, Principal Middle Arm Fraser River Cambie Rd No 4 Rd 604.647.1352 604.647.5084 avisonyoung.com [email protected] [email protected] *Robert Greer Personal Real Estate Corporation © 2019 Avison Young. All rights reserved. Chris Wieser, Principal Winnie Ng, Senior Analyst E. & O.E.: The information contained herein was obtained from sources that 604.647.5089 604.647.5065 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.