Patterson Skytrain Station

Metrotown Skytrain Station

Beresford Street

Subject Property

Sussex Avenue 133 ft 133 330 ft

Partnership. Performance.

Exceptional opportunity to acquire a ~45,000 sf high density, residential development site in Metrotown, within 6620 350 metres of Metrotown SkyTrain Station. SUSSEX AVENUE BURNABY, BC

Bal Atwal*, Principal 604.647.5090 [email protected] * Bal Atwal Personal Real Estate Corporation

N DRAFT

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R ON CT FARRINGTON ST ELLERT W CT

A NORTHVIE

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SARATOGA CT

CHRISTOPHER

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N DRAFT O

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BOND STREET

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E OND STREET

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U O FARRINGTON ST ELLERT W CT A NORTHVIE

SAMARA CT T D

George McLean N

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Y SARATOGA CT * Specific locations for non-market E

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Park U

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THURSTON U

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STREET E E A NOTE:

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E housing and market rental housing are O

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D BUXTON CT

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A George McLean

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E not shown on the General Land Use

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A * Specific locations for non-market M

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IS SARD N N STREET

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STREET E E

I A Map as they would be permitted uses

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housing and market rental housing are O

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BC Parkway B

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E S D BUXTON CT E

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K O E not shown on the General Land Use CENTRAL PARK NORTH on all residentiallyV designated sites.

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BC Parkway E

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V V A N A U ** Specific locationsI for new SARDIS STREET R

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I K CENTRAL PARK NORTH O

on all residentially designated sites. G VE

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U E A SARDIS STREET N

B S N institutional uses areR not shown on the

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U A O U ** Specific locationsI for new R

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P General Land Use Map as they wouldVE

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KINGSWAY R V

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institutional uses areR not shown on the S G E RAFTON STREET D E S KINGSWAY N R

S U be considered on a site-by-site basis on

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S GRAFTON V M SHEPHERD STREET

P General Land Use Map as they wouldE

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KINGSWAY S

GRAFTON STREET H D Metrotown Development PotentialL any site designated for mixed-use.

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KINGSWAY E be considered on a site-by-site basis on O HARLEY CT ST I

G GRAFTON V M

R O A E

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S H L any site designated for mixed-use. U

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E E E G ET O HARLEY CT K V RA O A N MAITLAND STREET B R G

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THE RIDGE E A E MAITLAND STREET R A V R I S V E A E

T E E J A E V L A V B

U L M U A O A E E N N L

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THE RIDGE I E E K E A

R V S E O V U I V E M T EM D A E L A P V N U G L O A E

N L N N V E H DOVER STREET I E S K I O A 350 metres CENTRAL A V T E L U ZE M D L M A N R P L N E I G E S N E E T E T W N V H R DOVER STREET CENTRALO E S I A A E T L ZE E U PARK S EAST L R L T N L N PATTERSON L H E I ST from Metrotown SkyTrain Station I N E E E E STATION T T W R O A E E V W L E U PARK S EASTK Y T A PATTERSON L H N A E STATION I T Marlborough W A K V X E K c Y A

E V Elementary A E

M S Marlborough A

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C E c S X School

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E V Elementary E

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R S School D A E K A

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I H A E L T N S E A R C D G KINGSWAY O U B A K Y

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G KINGSWAY C O

U R BC Parkway O E D B S E B R

V N L R B R Y R V U E O K R BC Parkway O A R E D U E

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A S R H U R c c N F M E G M

D A O O S H SANDERS STREET c

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N R F M E T D O N S O D S SANDERS STREET

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U L T N S D Civic U I S

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N Square E O W

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B MARLBOROUGH

V METRO DOWNTOWN MARLBOROUGH

A METRO DOWNTOWN A

~45,000 sf

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Central CentralPark Park O

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E prime redevelopment site

E NEWTON STREET E E E E NEWTON STREET

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T S E E Kinney F ProposedProposed Metro Metro T KinneyL F O T L O R A H R A H Park D Downtown

P M T D Downtown

Park E P M T A A S A Y S T Open Space E A R U Y B K T E Open Space K E R U

B N IRVING STREET E R E ET

N IRVING STREET R E C E R Y T E V R C E Y E N S T A V T N R

R S E T A A T E R L E N R A B E T U L E O O

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S A L A E E E METROTOWNE R L V D N U STATIONV

OAK AVENUE ROYAL A E A E I METROTOWN R E N S D N U E STATION E S BENNETT STREET OAK AVENUE ROYAL I V A N A S E C E S V U BENNETT STREET E Y A A A N U

E C E E ~212,000 sf K U N Y c U V E A N E A M N E BC Parkway U E E V K E V

N R U V A

V A c A Lobley E E MaywoodA N M V E BC Parkway V L D E Park N of buildable density N Park I V R V A R R O O S A O A Lobley

E T Maywood O I F S V S GRIMMER G

L N L D Park N M Park I E N N N R E E O R O E A T I O Y S O U U T B T I W O Bonsor L X F N E

S O S N

G E L GRIMMER R O E Recreation U N N E

M D E U V N E E N N O V E A T A I

MAYWOOD Subject Property B S Y Complex E A T O U B U W T Bonsor L

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A E G E H O E E U GRIMMER STREET Recreation T S E

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B MAYWOOD U L S

Complex E A O U N

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A L G W E E V Maywood H U GRIMMER STREET N

T A O N S B E G

N I E E S Community B

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WILLINGDON AVE Maywood

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V M O I School R Investment Highlights

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WILLINGDON AVE

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✓ Excellent transit-oriented, high-density ✓

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E LEGEND E Y S U C D O N N R E A

V redevelopment opportunity in Metrotown R M A A Metrotown

D LEGEND E Y C D RM3s RM4s RM5 RM5s RM4s/C2 RM4s/C3 RM5s/C2 RM5s/C3 Live/Work Institutional/ Park/ Neighbourhood SkyTrain SkyTrain Neighbourhood GENERALN LANDUSE MAP A Opportunity Public Open Spacel Commercial Station Boundary MetrotownM School Opportunity C2/P2/ ✓✓ ~45,000 sf residential development site C1 Commercial RM3s MediumRM4s Density RM5 High DensityRM5s ResidentialRM4s/C2 RM4s/C3 HighRM5s/C2 Density Mixed RM5s/C3 Use Live/Work Institutional/ Park/ NeighbourhoodNodeSkyTrain SkyTrain Neighbourhood GENERAL LANDUSE MAP Residential Opportunity Public Open Spacel Commercial Station withinBoundary 350 metres of Metrotown SkyTrain School Opportunity C2/P2/ C1 Commercial Station Medium Density High Density Residential High Density Mixed Use Node Residential OCP Designation RM5s/C2 RM4s Total (Blended) METROTOWN DOWNTOWN✓✓ PLANHighly desirable47 location surrounded by an Site Area: 18,677 SF 26,143 SF 44,820 SF abundance of amenities Base Residential Density: 3.4 FSR - 63,502 SF 2.5 FSR - 65,358 SF 128,860 SFMETROTOWN (2.875 FSR) DOWNTOWN PLAN 47 ✓✓ Metrotown OCP allows for ~212,000 sf of Base Commercial Density: 1.3 FSR - 24,280 SF - NA - 24,280 SF (0.542 FSR) buildable density

TOTAL BASE DENSITY: 4.7 FSR - 87,782 SF 2.5 FSR - 65,358 SF 153,140 SF (3.417 FSR) ✓✓ Ideal site dimensions for redevelopment Bonus Residential Density: 1.6 FSR - 29,883 SF 1.1 FSR - 28,757 SF 58,640 SF (1.308 FSR) ✓✓ 52-unit rental apartment building TOTAL DENSITY: 6.3 FSR - 117,665 SF 3.6 FSR - 94,115 SF 211,780 SF (4.725 FSR) providing holding income

The Property is currently zoned RM3 (Multiple Family Residential) and falls within Metrotown Regional Town Centre in the Burnaby Official Community Plan. The Avison Young Metrotown Downtown Plan (MDP) is the guiding document for city planning #2900-1055 W. Georgia Street Box 11109 Royal Centre and land use within the Metrotown Regional Town Centre area and was officially Vancouver, BC V6E 3P3, Canada adopted on July 24, 2017.

The Property is located in the Maywood neighbourhood on Sussex Avenue between Maywood Street and Beresford Street. It is designated as RM5s/C2 (High Density Mixed-Use) and RM4s (High Density Residential Use) under the MDP. The RM5s/C2 designation allows for 5.0 FSR of residential density (includes 1.6 FSR of avisonyoung.com bonus density) and 1.3 FSR of commercial density, while the RM4s designation © 2017 Avison Young. All rights reserved. allows for 3.6 FSR of residential density (includes 1.1 FSR of bonus density). This E. & O.E.: The information contained herein was obtained equates to a total potential buildable square footage of approximately 212,000 sf from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young and total blended density of 4.725 FSR Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.