604.728.2845 [email protected]

53 SINGLE FAMILY LOT SUBDIVISION SUBJECT PROPERTY + 15 TOWNHOUSES

NANAIMO MULTIFAMILY APPROVED DEVELOPMENT

901 & 925 HARBOUR VIEW ST. NANAIMO, BC

9.49 ACRES ASKING PRICE SUBJECT PROPERTY $13,500,000

604.728.2845

FRASER ELLIOTT GROUP [email protected] RE/MAX® Progroup Realty 901 & 925 HARBOUR VIEW ST. NANAIMO, BC

Property Details •9.49 Acres combined •PLA Approved by City of Nanaimo •53 Single Family Lot Subdivision •15 Townhouses or 2 Condo Buildings •Zoning R2/R7/R8 (See Page 4) •1 Acres Zoned R8 (MultiFamily 1.25 FSR) Contact Fraser Elliott •Ocean Views •Roads, curbs and site services in place 604.728.2845

3 min. to downtown Nanaimo

6 min. to VIU

SUBJECT PROPERTY 12 min. to BC Ferries to Vancouver

www.fraserelliott.com | [email protected] | 604.728.2845 RE/MAX Progroup Realty 5360 12th Avenue , Delta BC V4M 2B3 This communication is not intended to cause or induce breach of an existing agency agreement or relationship. 901 & 925 HARBOUR VIEW ST. NANAIMO, BC ISSUED FOR

Saleable SQFT

7.3.1 The following table specifies the maximum allowable base density per lot for each zone listed. Where additional density is permitted, the amount of additional density and the conditions required to achieve it are specified in the additional density column. Where additional density is901 achievable & 925 through HARBOUR Schedule D, that VIEW additional ST. density NANAIMO, shall be applied BC as part of the development permit process:

Zone Maximum Allowable Base Density Additional Density Zoning7.3 DENSITY Map R1 / One single residential dwelling. Where the lot is a corner lot with a lot area greater than 700m2 in lot R1a area but does not meet the lot area, lot depth or lot frontage 7.3.1 The following table specifies the maximumrequirements allowable for subdivision, base density a total of per up tolot two for single each residential zone listed. Where additional density is permitted,dwellings the or amountone duplex of shall additional be permitted. density Where and more the thanconditions one required to achieve it are specified dwellingin the additional is located on density a corner column. lot901 a secondary HARBOUR Where suite additional shall VIEW not density be permitted in either dwelling unit. is achievable through Schedule D, that additional densityPID shall be appliedPID 007-430-027 as part of the development permit process: Where the lot area is greaterLot thanArea 0.4 hectares, one8.51 additional Acres single residential dwelling shall be permitted. Zone Maximum Allowable Base Density Additional Density R1b One single residential dwelling. Where the lot area is greaterZoning than 0.4 hectares, oneR8/R2/R7 additional single R1 / One single residential dwelling. Where the lot isresidential a corner lot dwelling with a shalllot area be greaterpermitted. than 700m2 in lot R1aR2 One single residential dwelling. area but does not meet the lot 925area, HARBOURlot depth or lot frontageVIEW requirements for subdivision, a total of up to two single residential R3 One single residential dwelling with a dwellings or one duplex shallPID be permitted. WherePID 000-134-473more than one total Floor Area Ratio of no greater dwelling is located on a corner lot a secondary suite shall not be than 0.55. permittedLot in Area either dwelling unit.0.98 Acres 7.3 DENSITY R4 Two dwelling units with a total Floor Area Ratio of no greater than 0.55. Where the lot area is greaterZoning than 0.4 hectares, oneR2/R7 additional single 7.3.1 The following table specifies the maximum allowableresidential base dwelling density shall per be permitted.lot for each2 zone listed. Three dwelling units with a total Floor Where a lot is a corner lot, abuts a laneway or is 1200m in area one R5 Where additional density is permitted,Where the the lot amountarea is greater of Totaladditional than Site 0.4 Area hectares, density one9.49and additional Acres*the conditions single R1b AreOnea Ratio single of residentialno greater dwelling.than 0.55. additional dwelling unit is permitted. required to achieve it are specified in the additionalresidential density dwelling column. shall be Where permitted. additional density R6 The maximum Floor Area Ratio shall Where the development meets or exceeds the Tier 1 requirements as R2 Oneis achievable single residential through dwelling Schedule. D, that additional density* Measurements shall be approximate,applied as buyer part to verify. of the developmentnot exceed permit 0.45. process: described within Schedule D of this Bylaw, the maximum allowable R3 One single residential dwelling with a Floor Area Ratio may be increased by an additional 0.1. total Floor Area Ratio of no greater Zone Maximum Allowablethan 0.55. Base Density Additional Density Where the development meets or exceeds the Tier 2 requirements as Two dwelling units with a total Floor Where the lot is a corner lot with a lot area greater than 700m2 in lot R1R4/7 .3 OneDENSITY single residential dwelling. described within Schedule D of this Bylaw, the maximum allowable R1a Area Ratio of no greater than 0.55. areaFloor but Area does Ratio not meetmay be the increased lot area, lotby depthan additional or lot frontage 0.15. requirements for subdivision, a total of up to two single2 residential R5 Three dwelling units with a total Floor Where a lot is a corner lot, abuts a laneway or is 1200m in area one R77.3.11 dwellingThe following unit per 150m2 table specifiesof lot area. the maximumdwellings orallowable one duplex base shall densitybe permitted. per lot Where for each more zone than onelisted. Area Ratio of no greater than 0.55. additional dwelling unit is permitted. R8 TheWhere maximum additional Floor Area density Ratio shall is permitted,Wheredwelling the parking is locatedamount spaces on of a are corneradditional provided lot a secondarybeneathdensity a andprincipalsuite theshall buildingconditions not be R6 Therequired maximumnot exceedto Floor achieve Area 1.25 .Ratioit are shall specified Where(where in the the the additionaldevelopment roof ofpermitted the density undergroundmeets in eitherorcolumn. exceeds parkingdwelling Wherethe is unit.Tier not additional1more requirements than 0.8m density as Zoningis Descriptionsachievablenot exceed through 0.45. Scheduleabove describedD, thatthe finished additionalwithin Schedulegrade), density an D amountof thisshall Bylaw may be be, theapplied added maximum to as the partallowableFloor ofArea the development permit process: WhereRatio Floorequal the lot Area to area 0.25 Ratio is multiplied greater may be than by increased the 0.4 percentage hectares, by an additionalone of the additional total 0.1 parking. single residentialspaces dwellingprovided shall underground. be permitted. R1b One single residential dwelling. WhereWhere thethe developmentlot area is greater meets than or exceeds 0.4 hectares, the Tier one 2 additionalrequirements single as Zone Maximum Allowable Base Density Additional Density Wheredescribed the development withinresidential Schedule meets dwelling D of or this exceeds shall Bylaw be the, permitted.the Tier maximum 1 requirements allowable as R1R2/ One single residential dwelling. WheredescribedFloor the withinlotArea is aRatio Schedule corner may lot beD withof increased this a lot Bylaw area by ,greater thean additionalmaximum than 700m2 0.15allowable. in lot R1a areaFloor but Area does Ratio not meet may bethe increased lot area, lot by depth an additional or lot frontage 0.1. R3R7 One1 dwelling single unit residential per 150m2 dwelling of lot with area. a requirements for subdivision, a total of up to two single residential total Floor Area Ratio of no greater R8 The maximum Floor Area Ratio shall WheredwellingsWhere the parking development or one spaces duplex meets areshall provided orbe exceedspermitted. beneath the Where Tier a principal 2 morerequirements buildingthan one as than 0.55. not exceed 1.25. described(wheredwelling the iswithin roof located ofSchedule the on underground a corner D of this lot aBylawparking secondary, the is notmaximum suite more shall than allowable not 0.8m be R4 Two dwelling units with a total Floor above Floorthe finished Area Ratio grade),permitted may an be in amount increasedeither dwellingmay by be an addedunit. additional to the 0.25 Floor. Area Area Ratio of no greater than 0.55. Ratio equal to 0.25 multiplied by the percentage of the total parking R9 The maximum Floor Area Ratio shall Where parking spaces are provided beneath a principal building Where thea lot lot is areaa corner spacesis greater lot, providedabuts than a 0.4 laneway underground. hectares, or is one 1200m additional2 in area single one R5 Three dwellingnot exceed units with 3.00 a. total Floor (where the roof of the underground parking is not more than 0.8m residentialadditional dwelling dwelling shall unit isbe permitted. permitted. Area Ratio of no greater than 0.55. above the finished grade), an amount may be added to the Floor Area R1b One single residential dwelling. WhereWhere thethe developmentlot area is greater meets than or exceeds 0.4 hectares, the Tier one 1 additionalrequirements single as R6 The maximum Floor Area Ratio shall WhereRatiodescribed equalthe development within to 0.25residential Schedule multiplied meets dwelling D of byor this theexceeds shall Bylawpercentage be the, permitted.the Tier maximum of 1 the requirements total allowable parking as spaces provided underground. R2 One singlenot exceedresidential 0.45. dwelling. describedFloor within Area RatioSchedule may Dbeof increased this Bylaw by, the an maximumadditional allowable0.1. Where Floorthe development Area Ratio maymeets be or increased exceeds bythe an Tier additional 1 requirements 0.1. , as R3 One single residential dwelling with a Wheredescribed the development within Schedule meets D of or this exceeds Bylaw the, the Tier maximum 2 requirements allowable as total Floor Area Ratio of no greater Floor Area Ratio may be increased by an additional 0.1. Wheredescribed the development within Schedule meets D of or this exceeds Bylaw the, the Tier maximum 2 requirements allowable as than 0.55. Where the development meets or exceeds the Tier 2 requirements, as describedFloor withinArea Ratio Schedule may beD of increased this Bylaw by, thean additionalmaximum 0.25allowable. described within Schedule D of this Bylaw, the maximum allowable R4 Two dwelling units with a total Floor Floor Area Ratio may be increased by an additional 0.15. R9 TheArea maximum Ratio of noFloor greater Area thanRatio 0.55. shall Where parking spaces are provided beneath a principal building 1 dwelling unit per 150m2 of lot area. R7Part 7 – Pagenot 5 exceed 3.00Residential. Zones(where the roof of the underground Cityparking of Nanaimo is not more Zoning2 than Bylaw 0.8m R5 Three dwelling units with a total Floor aboveWhere the a lotfinished is a corner grade), lot, an abuts amount a laneway may be or added is 1200m to thein Floor area Areaone R8 TheAre amaximum Ratio of noFloor greater Area thanRatio 0.55 shall. Where parkingadditional spaces are dwelling provided unit beneath is permitted. a principal building not exceed 1.25. Ratio(where equal the toroof 0.25 of themultiplied underground by the parkingpercentage is not of morethe total than park 0.8ming R6 The maximum Floor Area Ratio shall aboveWhere the the finished development grade),spaces meets an provided amount or exceeds underground. may bethe added Tier 1 torequirements the Floor Area as Where the development meets or exceeds the Tier 1 requirements, as not exceedwww.fraserelliott.com 0.45. | [email protected] equal within to 0.25 Schedule multiplied | 604.728.2845 D ofby this the Bylawpercentage, the maximum of the total allowable parking describedFloor within Area RatioSchedulespaces may provided Dbe of increased this underground. Bylaw by, the an maximumadditional allowable0.1. RE/MAX Progroup Realty 5360Floor 12th Area Avenue Ratio , mayDelta be BC increased V4M 2B3 by an additional 0.1. Where the development meets or exceeds the Tier 2 requirements, as This communication is not intended to causeWhere or induce the breachdevelopment of an existing meets agencyor exceeds agreement the Tier or 1relationship. requirements as Wheredescribed the development within Schedule meets D of or this exceeds Bylaw the, the Tier maximum 2 requirements allowable as described within Schedule D of this Bylaw, the maximum allowable FloorFloor Area Area Ratio Ratio may may be be increased increased by by an an additional additional 0.15 0.1. . Part 7 – Page 5 Residential Zones City of Nanaimo Zoning Bylaw R7 1 dwelling unit per 150m2 of lot area. Where the development meets or exceeds the Tier 2 requirements as R8 The maximum Floor Area Ratio shall describedWhere parking within spacesSchedule are D provided of this Bylaw beneath, the amaximum principal allowablebuilding not exceed 1.25. (whereFloor the Area roof Ratioof the may underground be increased parking by an is notadditional more than 0.25 0.8m. above the finished grade), an amount may be added to the Floor Area R9 The maximum Floor Area Ratio shall RWhereatio equal parking to 0.25 spaces multiplied are provided by the percentage beneath a ofprincipal the total building parking not exceed 3.00. (where the roof ofspaces the underground provided underground. parking is not more than 0.8m above the finished grade), an amount may be added to the Floor Area WhereRatio equalthe development to 0.25 multiplied meets byor theexceeds percentage the Tier of 1 the requirements total parking as described within Schedulespaces provided D of this underground.Bylaw, the maximum allowable Where Floorthe development Area Ratio maymeets be or increased exceeds bythe an Tier additional 1 requirements 0.1. , as described within Schedule D of this Bylaw, the maximum allowable Where Floorthe development Area Ratio may meets be orincreased exceeds by the an Tier additional 2 requirements 0.1. as Wheredescribed the development within Schedule meets D ofor this exceeds Bylaw the, the Tier maximum 2 requirements allowable, as describedFloor withinArea Ratio Schedule may beD of increased this Bylaw by, thean additionalmaximum 0.25allowable.

R9Part The7 – maximumPage 5 Floor AreaResidential Ratio shall ZonesWhere parking spaces are provided City beneath of Nanaimo a principal Zoning building Bylaw not exceed 3.00. (where the roof of the underground parking is not more than 0.8m above the finished grade), an amount may be added to the Floor Area Ratio equal to 0.25 multiplied by the percentage of the total parking spaces provided underground. Where the development meets or exceeds the Tier 1 requirements, as described within Schedule D of this Bylaw, the maximum allowable Floor Area Ratio may be increased by an additional 0.1. Where the development meets or exceeds the Tier 2 requirements, as described within Schedule D of this Bylaw, the maximum allowable

Part 7 – Page 5 Residential Zones City of Nanaimo Zoning Bylaw Telecommunications Growth Nanaimo companies have access to an excellent The City of Nanaimo continues to be a magnet for new telecommunications infrastructure. This includes a sophisticated migrants. During the last Census the City grew by 8% network of fibre optics, providing worldwide internet links which is well above the provincial rate of 5.6% and the and a high level of reliability. “Nanaimo offers a fantastic national rate of 5%. telecommunications environment, with all the services and Nanaimo is home to over 6,000 businesses serving a amenities that any budding or growing business could ask trade area of over 395,000 people. In the last decade, for!”, says Jean St. Pierre, owner Eclipse Technologies. High the City experienced 7% growth in its business base. speed and high capacity voiceNANAIMO and data services are BACKGROUNDavailable within the region, as well as to anywhere in the world. Nanaimo is serviced by multiple data cables leading off the island, and thereby ensuring that business connections are The Cityreliable of Nanaimo and always continues available. to be a magnet for new migrants. GROWTH RATES

8 8 During the last Census the City grew by 8% which is well above 7.8 BC 7 the provincial rate of 5.6% and the national rate of 5%. Nanaimo Nanaimo 6.5 is home to over 6,000 businesses serving a trade area of over 5.6 395,000 people. In the last decade, the City experienced 7% 5.3 growth in its business base. 4

Centrally located, Nanaimo is the transportation gateway for Vancouver Island. The modern and efficient transportation 0 network includes an airport, seaplane terminal, Helijet service, 2016 2011 2006 cruise ship dock, deep sea ports, two ferry terminals, a highway system, and a public transit system. Population Base: The city is easily accessible to the mainland by ferry, air, and to other island destinations by road. Nanaimo airport offers direct 90,504 City of Nanaimo flights to Vancouver, Calgary and Toronto. BC Ferries provides regular service to the mainland for vehicle and passenger traffic Nanaimo CA (within 15 minute 104,936 from Departure Bay and Duke Point terminals. drive). Regional District of Nanaimo 155,698 Port Hardy Located 36 nautical miles west of Vancouver and centrally (within 30 minute drive)

Alert Bay Port McNeill located on Vancouver Island, the Nanaimo Port Authority is the Telegraph Cove Secondary and tertiary trade area 395,000 region’s most convenient load centre port. Nanaimo is Vancouver (within 1 hour drive) Island’s largest commercial port, with 3 deep sea berths and over 21ha (88 acres)Sayward of paved storage space, covered warehousing space and barge loading facilities. The largest employment sectors include Healthcare, Retail, Construction, Professional Scientific & Technical, Nanaimo offers a 104 metric tonne capacity crane. Seaspan, Tourism and Education. The City is keenly interested in growing our technology, manufacturing and located at Duke Point, offersCampbell regular River ferry service for drop termi- transportation and warehousing sectors. nals betweenGold River Nanaimo and Vancouver for trucking and distribu- tion customers. NanaimoMt. Washington businesses have a range of options to Forbidden Plateau Photo: Tourism Nanaimo - Mike Anderson Comox access markets, customersCourtenay and suppliers. Source: investnanaimo.com

Calgary • Toronto Qualicum Beach Parksville Horseshoe Bay Newcastle Port Alberni Island Toﬁno Vancouver Gabriola Long Beach Nanaimo Island YVR YCD CANADA Ucluelet Ladysmith Tsawwassen Bamﬁeld Chemainus Lake USA Cowichan Duncan Sidney Port Renfrew N

Sooke Victoria Anacortes Legend:

Airport Seattle Ferry Airplane USA Seaplane Port Angeles Helijet

www.fraserelliott.com | [email protected] | 604.728.2845 Seattle RE/MAX Progroup Realty 5360 12th Avenue , Delta BC V4M 2B3 This communication is not intended to cause or induce breach of an existing agency agreement or relationship. 901 & 925 HARBOUR VIEW ST. NANAIMO, BC

Development Pro-Forma for 901 - 925 Harbourview

Site Area 413,384

Total Buildable Square Footage 232,000

Total Buildable Square Footage - Single Family 177,000

Total Buildable Square Footage - Multifamily 55,000

Development Costs

Hard Costs per Square Foot - Wood frame construction $ 115 $26,680,000

Soft Costs (25% of Hard Costs) 25% $6,670,000

Land Costs $13,500,000

Total Developer Costs $46,850,000

Development Revenue

Average Price per Resale Square Foot - Single Family $ 285 $50,445,000

Average Price per Resale Square Foot - Multifamily $ 265 $14,575,000

Total Saleable Square Footage 232,000.00

Total Resale Value $65,020,000

Total Developer Profit $18,170,000

Development Profit Percentage 39%

The above figures are estimates only and not to be relied upon. Prospective buyers to conduct their own due diligence and verify all figures as appropriate.