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Fontainebleau Apartments FOR SALE Fontainebleau Apartments 5455 Balsam Street, Vancouver SIMON LIM JAMES LANG JESSICA HATHAWAY Personal Real Estate Corporation Associate Vice President Senior Associate Executive Vice President +1 604 661 0868 +1 604 694 7227 +1 604 661 0882 [email protected] [email protected] [email protected] VANCOUVER INTERNATIONAL AIRPORT 5455 Balsam Street, FRASER RIVER Vancouver Opportunity to acquire a rarely available high-rise apartment building in Vancouver’s EAST BLVD most affluent neighbourhood with infill development potential. KEY HIGHLIGHTS KERRISDALE PARK WEST BLVD POINT GREY Rental building with 57,621 SF site Potential to add SECONDARY significant income in Vancouver’s 13-storey building upside affluent Kerrisdale and another neighbourhood 129 units SALIENT FACTS EXISTING SUITE MIX CIVIC ADDRESS 5455 Balsam Street, Vancouver Type Number Average Size 011-989-921, 011-989-882, 011-989-998, 011-989- One-Bedroom 35 850 SF PID 955, 011-989-866, 024-424-706, 011-989-831 Two-Bedroom 36 1,081 SF The property is located at the northwest corner of Three-Bedroom 12 1,403 SF LOCATION the intersection of Balsam Street and West 39th Avenue in Vancouver’s Kerrisdale neighbourhood. Two-Bedroom PH 4 1,780 SF Total 87 1,065 SF SITE SIZE 57,621 SF NET RENTABLE AREA 92,623 SF The site is improved with an 87-unit, 13-storey high-rise rental apartment building built in CURRENT 1966. There are 114 secured parking stalls IMPROVEMENTS spanning over two levels, along with an in-ground swimming pool on the property. CURRENT ZONING RM3 Multiple Family Residential PROPOSED ZONING CD Comprehensive Development Height: 120 ft (13-storeys) PROPOSED Density: 102,105 SF ADDITIONAL TOWER Units: 129 Additional Parking: 78 stalls VANCOUVER INTERNATIONAL AIRPORT CROFTON HOUSE SCHOOL Fontainebleau Apartments 5455 Balsam Street ST W41 AVENUE WEST BLVD TH AVENUE W37 LOCATION OVERVIEW Located on a tranquil, tree-lined street just steps from Kerrisdale Easy vehicle and bike access along West 41st to Downtown, Village’s most popular restaurants, cafés, shops and services UBC and all Vancouver’s destinations Within 10 minute walking distance of prominent community Potential for future light-rail rapid transit system to be amenities including Kerrisdale Community Centre, Kerrisdale implemented along the Arbutus Greenway Arena, Point Grey Secondary and Quilchena Elementary School DEVELOPMENT POTENTIAL 13 storeys with a height of 120 feet Increasing the existing FSR from 1.78 to 3.55 129 secured market rental units in addition to the existing 87 suites Reconstructing the existing parkade to increase the number of stalls from 114 to approximately 130, which Adding 102,105 SF of new buildable density for a combined 204,517 SF represents an overall parking ratio of 0.6 stalls per unit 111,450 SF of new rentable density ADDITIONAL TOWER Esmond Ave Dundas St Dundas Boundary Rd Boundary Rd Boundary Rd Oxford St Oxford Triumph St Triumph 26 Ave Park Bates Pender St Pender 11 Ave 11 1 22 Ave 22 Skeena St Pandora St Pandora Falaise Ave Falaise 25 Ave 25 23 Ave 23 Grandview Hwy Grandview Park Falaise 1 Rupert Rupert St Rupert St Rupert St Park 27 Ave Hastings St Hastings 20 Ave 20 Sunrise Grant St Grant Windermere St Georgia St Georgia Windermere St Windermere St Park Playland Amusement Hastings Park 7 17 Ave 17 15 Ave 15 Hastings 29 Ave Park LillooetSt Racecourse LillooetSt LillooetSt New Brighton 5 Ave 5 4 Ave 4 19 Ave 19 Nootka St Nootka St Nootka St Nootka St St Kitchener William St William Park Pacic National Renfrew Exhibition Community Pacic Renfrew Coliseum Renfrew St St Earles Renfrew St Renfrew St Trinity St Trinity 25 Ave 25 Kaslo St Kaslo St Kaslo St Euclid Ave 99A Yale St Yale Kaslo St Kaslo St St Charles Venables St Venables Pender St Pender Pandora St Pandora Dundas St Dundas Turner St Turner Triumph St Triumph Hastings St Hastings Earles St Cheyenne Ave Wall St 24 Ave 24 Grant St Grant Slocan St Ward St Slocan St Ave 8 Slocan St Rhodes St Slocan St E Broadway Parker St Parker Slocan St Eton St Eton Slocan St Duke St Slocan St St Oxford Cambridge St 28 Ave Wales St 23 Ave 23 21 Ave 21 Park Park 19 Ave 19 17 Ave 17 7 Ave 7 St Slocan Clinton Park 3 Ave 3 View 1st Ave 1st 40 Ave Penticton St St Gothard Burrard Penticton St Chambers St Penticton St Penticton St Beaconseld Penticton St Penticton St St Adanac Penticton St Penticton St Kingsway Slocan St 7A 29 Ave 22 Ave 22 Kamloops St Wall St Wall Kamloops St 20 Ave 20 6 Ave 6 5 Ave 5 Clarendon St 18 Ave 18 Kamloops St Ave 4 Kamloops St Copley St Franklin St Franklin Kamloops St St Napier Yale St Yale Kamloops St Georgia St Georgia Graveley St Graveley Mcgill St 39 Ave Commissioner St Commissioner y Nanaimo St 33 Ave w Nanaimo St Nanaimo St H 37 Ave 38 Ave Park Nanaimo St Nanaimo St Park Nanaimo St w Nanaimo Nanaimo St Bobolink Trinity St Trinity ie v Nanaimo d Walker St Nanaimo St Garden Dr n Garden Dr Garden Dr a Garden Dr Garden Dr Garden Dr r G 28 Ave Galt St Wall St Wall Pandora St Pandora Eton St Gladestone St Brigadoon Ave Templeton Dr 40 Ave Templeton Dr 51 Ave William St William Charles St Charles Templeton Dr 37 Ave Turner St Turner Oxford St Oxford Trinity St Trinity St Hastings Cambridge St 29 Ave Qualicum Dr 10 Ave 55 Ave 32 Ave Wall St Wall Lakewood Dr 19th Ave Parker St Parker 34 Ave 39 Ave Lakewood Dr Lake Pender St Pender Mannering Ave Trout Burquitlam Dr Harrison Dr 61 Ave Commissioner St Commissioner 41 Ave Venables St Venables 45 Ave 43 Ave Newport Ave 47 Ave Triumph St Triumph 30 Ave 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